Tuesday, 17 July 2012

Royalty7 - an update

I've mentioned what I thought was a Ponzi scheme calling itself "Royalty7" on a few occasions. Authorities in the UK and the Isle of Man have both warned the public against "investing" with them.

Reports are now emerging that this Ponzi scheme has collapsed.

This will happen to ALL schemes like Royalty7 that make ridiculous claims such as:
"All our members have equal opportunity to benefit from an attractive 7% Daily / 110% Weekly plans on a long term basis, with the lowest possible risk of losing the initial principle invested."
Claims like these are lies and people who invest in a Ponzi scheme will end up the victims of liars.

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