Minvestment.com on shady,shakey ground?

by Ingrid Riley

I read everything despite the hype. I waited three years from the first time I heard of Olint before I put money in there and I went to school with David Smith. I didn’t invest until I did my homework and then I ran with my money to put it in.

Fastfoward, Jamaicans especially are hungry for high returns and minvestment.com has been one that has sprung up late last year and already has started a wildfire. As an investor I am both skeptical and interested, but my journalist nose has had me online looking to get to the who, what and how come of this.

My weirdness began when I was helping a friend sign up for this and I got a server error when I typed in minvestment.com. Never a good sign in my mind, even though down servers is a thing that happens for many reasons- scheduled maintenance, unpaid server fees, server overloaded by traffic. But I guess because of the Swisscash.com debacle, I was a little bit skittish. When a website has no phone numbers and other regular contact information I tend to start worrying.

That said, I decided to go digging online, there must be something. I am using the search terms Minvestment, minvestment.com and the name associated with the domain name, Drake Chambers and Delten Holdings.
Here’s what I’ve found so far. This is an forum excerpt found on www.fool.co.uk. The Motley Fool is one of UK’s leading online financial advice and community sites. “We empower people to redefine the way they think about and interact with money.” This was a post there.

“A google search for Drake Chambers Tortola brings up a host of information.”
Indeed, the first hit is to a warning by the New Zealand authorities:
“Overseas firms that have called New Zealanders
Since August 2000 we have published the names of firms who have targeted people in New Zealand. These callers do not hold a New Zealand broker’s licence or futures dealer authorisation and do not comply with New Zealand law.
They have not provided evidence that they are registered in their home jurisdiction to undertake this type of securities business.
This list is not exhaustive. If you are cold called from a firm that is not on the list that does not mean it is genuine. It is always unwise to send money overseas to someone who you know only from an unsolicited call.
…
FourWinds Trading Systems
Drake Chambers, Road Town
Tortola
PO Box 3321
BRITISH VIRGIN ISLANDS
Associated individual: Scott Mullens
Published on this site July 2004”

The same PO Box address as in your previous post:
GEM Holdings Group
PO Box 3321
Road Town
Tortola.

However, this PO Box address itself may just be one used by totally innocent company formation agents over there.
PD .

That was a post I found on what I know is a credible financial site.

When doing research online

Now you always have to be careful about what information to believe online, as company can also post good and bad reviews online for various purposes. Companies use blogs, forums for online branding a way of helping information abut their brand or service go viral and reach as many people as possible. As in researching minvestment.com I found alot of I got paid, I got paid responses as well as negative once. So as usual, trust your gut more than your friends and always invest in these HYIP only what you can afford to lose and not cry over.