Gold Nuggest Invest and Pegasus Group Australasia

Just another post about two more companies which have recently come to my attention – GoldNuggetInvest and Pegasus Group Australasia. Gold Nuggest Invest is actually a typical HYIP, and it’s connection to arbitage is probably only in claim. What they offer is clearly absurd, and only possible in the realm of Ponzi – they promise a risk free 6% return per WEEK. Yeah right. This sort of investment scheme is common in the world of ‘HYIP’s and anyone reading this who finds themselves considering ‘investing’ in such a scheme, then please spend some time reading about what HYIP’s are and their history. You will quickly find that there is a long history of getting people in only to disappear with all of their money. Most important thing to know about HYIP’s, is that every single one of them has had a loud cheersquad proclaiming how great their HYIP is and how they have been paid and how much money they have made etc. This in no way means that the HYIP is not a ponzi – in fact it is the one thing common between all Ponzis, because without new investors, there is no way for the ponzi to continue paying out the old investors.

Someone emailed me about GoldNuggetInvest to ask me if I thought what they claimed was possible, and in that email they indicated that their investigation had not found any negative information on them.  I know how easy it is to research someone and only find positive feedback and good news about them – but this information is not helpful. This is why whenever I start researching a company or investment scheme, the first thing I do is google the companies name with the word Scam or Rip Off after it. I find this tends to very quickly and easily highlight any complaints about the company you are investigating. Don’t just trust the good news, and the links provided by the promoters of the company – go looking for the dirt directly. I will have to write an article on this topic alone I think…

I have also been recently contacted about Pegasus Group Australasia. This company operates out of Brisbane QLD, and sells arbitrage software for $16,000. I have not seen the software myself, but the person who I spoke with about it said that they company offered to discount the package to the low low price of $9200, and even better than that, offered to accept only $2300 upfront and have the rest paid off from their trading profits.

I don’t know how good the software is, it could be the best on the market (they all claim to be, this one might as well claim it too), and my basic complaint will remain the same as it always has. An alert software is a SERVICE. It is an ongoing commitment of resources. It requires continual adjustments, upgrades and attention to detail. Bookmakers change, betting markets change, sports change…everything is in flux. In order for there to be an incentive for a company to continue to provide assistance, support, and continual upgrades and improvement to their software to get through all of these changes, there simply MUST be an ongoing service fee associated with the software – single upfront fees are not viable business models.

If the company offering the software is a good company, then you should feel absolutely no pressure and no rush, because they should be around for a long time. If they are not, then you have saved yourself a lot of lost money, and if they are, then you don’t need to rush into purchasing their software. If they claim to be only taking in a few customers before closing their doors, then you should be skeptical of that claim, because they are basically saying that they are going to stop all of their cashflow! What will keep them in business after they stop taking new customers???? What incentive do they then have to maintain the software for their old customers???

Singe upfront payments for arbitrage alert software simply don’t make fiscal sense.

Tagged as: gni, goldnuggetinvest, investment scheme, Non-Subscription Alert Services, Pegasus Group Australasia

Date posted:May 17, 2009Post Category :

• Arbitrage Investment Funds
• Non-Subscription Alert Services