Lazyyouth4u:

Remember when you were insulting me for warning people to be careful of investing in some of those so called fintechs?

They called you Old school den

OgogoroFreak:
I'm still waiting for fintechs to run with investors money.

I'm also waiting patiently.... Fintech is the best thing to happen out there

richforever123:


According to the Lady's Instagram Status, they had a SEC licence and all that, they have the same Model of Business as Branch, personally I never invest in a Husband and Wife Business, it never ends well

my brother, they are not sec licensed or cbn licenced ooo

OgogoroFreak:
They actually have it all planned from the start.

Like, How do you explain why they would want to take pics with a man of God for all to see? What are they trying to prove?

People are attracted to very high interest rates. 10 - 20% per YEAR interest rates are too small for the kind of people that falls for ponzi.

I'm telling you....

...

Run away from piggyvest , cowry rise, branch.

Real Banks like FCMB and Wema are offering 10% anually with peace of mind.

The website has been shut down. Not loading anymore.

skydiver01:
No reference to SEC licence on their website....

https://imaginelenders.com/aboutus/

glimpse33:
Run away from piggyvest , cowry rise, branch.

Real Banks like FCMB and Wema are offering 10% monthly with peace of mind.

What nonsense is this? When did Wema offer 10% monthly?

Lazyyouth4u:

Remember when you were insulting me for warning people to be careful of investing in some of those so called fintechs?

IMG was not fintech

People are spreading malicious rumors that banks (gtb, access) and fintechs (piggyvest) invested with the doom Ponzi scheme but those were just the lies that the marketing agents of the IMG scheme used to sell their "investment" to unfortunate punters. They told people that so and so has invested one billion and people believed and invested on that basis.

ojesymsym:
As this one de happen, another one de plan to open next year, another set of investors go still line up to put their money inside.

Correct. Ponzi schemes with different name and different model.

einsteine:


What nonsense is this? When did Wema offer 10% monthly?

Sorry, it's 10% anually, but interest are paid to you monthly

ojesymsym:
Do these guys set up these businesses with an intent to defraud or they just get greedy when they start seeing the gullibility of people?

Bolded is the answer

einsteine:


What nonsense is this? When did Wema offer 10% monthly?

the way people paint things bros, I fear myself.... Those fintech coy is still the best thing to happen in this country

[quote author=glimpse33 post=106865252]

Sorry, it's 10% anually, but interest are paid to you monthly[/quote

Are you sure of this? Wema/or Alat?

einsteine:
People are spreading malicious rumors that banks (gtb, access) and fintechs (piggyvest) invested with the doom Ponzi scheme but those were just the lies that the marketing agents of the IMG scheme used to sell their "investment" to unfortunate punters. They told people that so and so has invested one billion and people believed and invested on that basis.

If you read the writ of Piggyvest, they never explicitly denied having invested funds in that scheme. They only claimed their clients funds were not used / are secured which is different. I would have expected them to make it very clear they did not invest in that scam at all, what they did not (yet).

Afromentalist:

If you read the writ of Piggyvest, they never explicitly denied having invested funds in that scheme. They only claimed their clients funds were not used / are secured which is different. I would have expected them to make it very clear they did not invest in that scam at all, what they did not (yet).

Lol, this guy funny. When did they claim that?

Ordinary whatsapp status made u believe they invested. That same whatsapp status also mentioned gtbank. Did gtbank bulge? Does that mean gtbank invested?

If the rumour was from a verified source, both piggyvest and all companies mentioned would explicitly refute it.

Nezzjnr:

They called you Old school den

Then ke? They are still old school till they catch up with todays reality/technology or their old investment tools upgrade to meet up.

He and anyone against crypto and fintechs are still living in the past.

OgogoroFreak:
Lol, this guy funny. When did they claim that?

Ordinary whatsapp status made u believe they invested. That same whatsapp status also mentioned gtbank. Did gtbank bulge? Does that mean gtbank invested?

If the rumour was from a verified source, both piggyvest and all companies mentioned would explicitly refute it.

Are you serious at all?

I always doubted Piggyvest or GTB and other institutional investors invested from the onset, which I have even explicitly expressed here in my first post on this topic.

Have you not read the official communication of Piggyvest on this topic ?

Some of you just argue for argument sake.

Afromentalist:

Are you serious at all?

I always doubted Piggyvest or GTB and other institutional investors invested from the onset, which I have even explicitly expressed here in my first post on this topic.

Have you not read the official communication of Piggyvest on this topic ?

Some of you just argue for argument sake.

The official communication of Piggyvest said, customers funds are safe. You don't expect them to refute unverified whatsapp status that they might have not even seen by then.

Don't add or subtract to what they said and dont assume.

omotola90:
my brother, they are not sec licensed or cbn licenced ooo

There are claims that Piggyvest actually invested 2 Billion Naira in IMG, Piggyvest holds funds of over 70 Billion Naira, so it won't affect them that much, if look at the chat closely between the CEO and the Lady, the CEO never refuted the fact that he invested, he only claimed that they enforce risk mitigation strategies and that investors funds are safe, HE NEVER REFUTED THE FACT THAT THEY INVESTED

Also, IMG account was under scrutiny and that's where they saw that Piggyvest sent 2 Billion Naira to the account because it was no paid in cash but electronically

Piggyvest does not work like your traditional Mutual Fund, you can never know what happens behind the scene, there is no regulatory body that enforces them to show their books or follow some due process

Cowryrise is different, Cowryrise only serves as a proxy to invest in regulated Mutual Funds like Meristem, ARM etc although they have other packages too

richforever123:


[s]There are claims that Piggyvest actually invested 2 Billion Naira in IMG, Piggyvest holds funds of over 70 Billion Naira, so it won't affect them that much, if look at the chat closely between the CEO and the Lady, the CEO never refuted the fact that he invested, he only claimed that they enforce risk mitigation strategies and that investors funds are safe, HE NEVER REFUTED THE FACT THAT THEY INVESTED

Also, IMG account was under scrutiny and that's where they saw that Piggyvest sent 2 Billion Naira to the account because it was no paid in cash but electronically

Piggyvest does not work like your traditional Mutual Fund, you can never know what happens behind the scene, there is no regulatory body that enforces them to show their books or follow some due process

Cowryrise is different, Cowryrise only serves as a proxy to invest in regulated Mutual Funds like Meristem, ARM etc although they have other packages too[/s]

pure lies and gibberish. Unverified nonsense.

OgogoroFreak:
pure lies and gibberish. Unverified nonsense.

Nothing is verified, can you actually verify Piggyvest claims too? You just choose which one you want to believe

richforever123:


Nothing is verified, can you actually verify Piggyvest claims too? You just choose which one you want to believe

You have strength walahi

Correct & Noted.

davit:
The website has been shut down. Not loading anymore.

richforever123:


There are claims that Piggyvest actually invested 2 Billion Naira in IMG, Piggyvest holds funds of over 70 Billion Naira, so it won't affect them that much, if look at the chat closely between the CEO and the Lady, the CEO never refuted the fact that he invested, he only claimed that they enforce risk mitigation strategies and that investors funds are safe, HE NEVER REFUTED THE FACT THAT THEY INVESTED

Also, IMG account was under scrutiny and that's where they saw that Piggyvest sent 2 Billion Naira to the account because it was no paid in cash but electronically

Piggyvest does not work like your traditional Mutual Fund, you can never know what happens behind the scene, there is no regulatory body that enforces them to show their books or follow some due process

Cowryrise is different, Cowryrise only serves as a proxy to invest in regulated Mutual Funds like Meristem, ARM etc although they have other packages too

Who are the fund managers of Cowryrise

emmanuelewumi:



Who are the fund managers of Cowryrise

This screenshot will help explain better, they serve as a proxy

OgogoroFreak:
The official communication of Piggyvest said, customers funds are safe. You don't expect them to refute unverified whatsapp status that they might have not even seen by then.

Don't add or subtract to what they said and dont assume.

Why communicate on it if they have not seen it. Read yourself. They answered the rumors without addressing the core of it.

If you want to ignore the rumor, ignore it.

If you want to address it, address it totally.

The fact that they did not clearly specify whether they invested in it or not, signifies it remains a possibility.

By the way other institutional investors adressed the issue and indicated clearly they did not invest in it.

richforever123:


This screenshot will help explain better, they serve as a proxy

Okay they use United Capital, Meristem, Afrinvest, ARM and SFS

richforever123:


Nothing is verified, can you actually verify Piggyvest claims too? You just choose which one you want to believe

And it's wise for you to believe a certain whatsapp status than from the horse's mouth?

OgogoroFreak:
And it's wise for you to believe a certain whatsapp status than from the horse's mouth?

They were investigating IMG and they saw the transaction, they have no reason to lie, they saw all the transactions that were made, including that of a popular church, they have no reason to lie, however, you can believe what you want, I will go for proper investment houses that are properly monitored

As emmanuelewumi will say return of investment is better than returns on investment

emmanuelewumi:



Okay they use United Capital, Meristem, Afrinvest, ARM and SFS

They allow you to invest in these companies and many more that are not shown in the screenshot