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Thursday, October 15, 2009

Investing in unregulated financial products

Be careful about investing in unregulated financial products. Someone, probably an investor who lost money, sent this message to me:

Please look-out for a "tonne" of investors who lost $$$... to company X selling UK & US land. They have been selling Oil Estates program similar to another Oil pods scheme. Now they have diverted to US land leaving the investors in the lurch. Many of the investors still unaware of what hit them...have you heard about them?

This company were under investigation by the Financial Services Authority of the UK under the name Y but they changed their name now to X.

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