Sooner or later it was bound to happen with these so called “Reverse Pension” plans. Millions of dollars of investors’ money is taken in, but apparently none has ever been paid out. You can read all about it in this news release.
“Federal agents seized more than $1.1 million from a self-proclaimed pastor in Norfolk [...]
This week we bring your attention to four new “reverse pension” programs that have just entered the spotlight. It does not take much to pick apart these copycats of the original RPPs (Global Pension Plan, ICC, E65) that still have not yet paid out a single dollar after reaching full membership for months and [...]
Today, I find two new RPP programs being advertised on the net, Earlypension.com and UAE-pension-retirement.com . It is really starting to be rediculous. The more I see of these reverse pension programs, the more I sway towards the “too good to be true” line of thinking. I am not saying that [...]
Imperia Invest IBC - Oh yes, yet another “Reverse Pension” program, but definitely with a new twist to entice unsuspecting members. This time, it is called a TEP or Traded Endowment Policy. They assure us that TEPs exist and are real, we only have to do a web search to confirm it. If you [...]
Excel Prestige International - The latest in a string of “Reverse Pension” programs popping up all over the place. This program was launched in April of 2007 and so far claims a membership of 224 of the needed 100,000 members to close. Maybe people are starting to catch on to all the ‘copy cat’ [...]
Human Capital Insurance 25 - Another “Reverse Pension” program. Of all the RPP programs, this one happens to show many red flags. Maybe our assumptions are wrong, but then again take a visit to their website and make up your own mind. The lack of command of the English grammar set [...]
Pension World Wide - As of June 2007, this program has stalled in it’s tracks. Members are told that the “insurance control rejected all applications and sconces our partners”. We are not sure what the word “sconces” means, but these are supposedly highly experienced companies that deals in money making negotiations. [...]
Global Pension Plan - Currently, they have reached the 100,000 member sign-ups and are still signing up additional people to replace those that are being dropped from the database. All the information provided below was quoted exactly from their website. Make your judgment wisely and decide if the risks are worth taking. [...]
