.

V

I have done my fair share here.

To those on the side of truth and reason, keep up the good work.

I will be back when the inevitable happens.

Ciao ...

iyobosadavid:
Get sense for once and stop dissapointing your so called parents that saw you through school with there hard earn money. I pity ur situation because i can see you are jobless and you spend 23hr of your day here on MBA forum thread, what a shame. Try pity ur parents small, no matter what they have done to you that you decided to be wayward just to punish them and make them regret, pls forgive them and be responsible for once.



I am just trying to make common sense for ur condition

What has all these got to do with my parents?

When will you some people learn to make a solid reasonable defence of their opinions without being a typical African dramatician.

Let me lay out some points for you.

I am a full grown Adult.

I am well educated up to post-graduate level.

I had a successful career in Finance, with work experiences in Nigeria and Singapore.

I am now transitioning into retirement at the age of 35+

I don't see how my comfortable parents should feel tortured with how I spend my well deserved free time performing my moral duty.

At least, I am certain that my parents don't need cheap Ponzi money from their son to survive.
That is why am on this side and you are at the other end fooling yourself and trying to pull others along.

iyobosadavid:
Get sense for once and stop dissapointing your so called parents that saw you through school with there hard earn money. I pity ur situation because i can see you are jobless and you spend 23hr of your day here on MBA forum thread, what a shame. Try pity ur parents small, no matter what they have done to you that you decided to be wayward just to punish them and make regret, pls forgive them and be responsible for once.



I am just trying to make common sense for ur condition

Bro, am retired.

Am done with all that.

Don't fit everyone you come across into your 9 - 5 perspective.

solreb:

I.am offline investor and I was shocked to receive alert at 11 pm on Saturday Nov 20. My due date was Nov 3td, Lekki branch. So the inconsistency worries me and casts more doubt

Do the needful, withdrawal as soon as possible, then pause and observe for 2 months before reconsidering your options.

kavey10:


FX Manager, you no dey tire? After attempting to pull down MBA for months, you went ahead to float your own thread with higher percentage than MBA. After failing miserably as usual, you're back here with more hatred than ever using another monicker.

What a pitiable and miserable life to live. Akin to being cursed. What a low life!

why do you keep referring to me as FX Manager.
I have no connection with who you imply.

Counter my points knowledgeably and stop being dramatic.

leojah:
LAS LAS OJORO GO CHOP OJORO NOTHING REMAIN.

I wonder why Africans most especially Nigerians have such great affinity to dubious, super accelerated wealth programs and conmen that promise to generate and redistribute wealth among the income brackets which it fulfills partly but it in the end it's true form is revealed as a one-sided sham scam that pushes money up a pyramid to profit the top minority with the losses of the bottom majority. I believe it's a symptom of poverty and desperate survival culture which we need to outgrow for the betterment of our societies.

The dominant players in the FOREX industry who control over 80% of market volume don't make humongous returns "per month". A typical Hedge Fund has a minimum profit target of 20% per annum. The largest global banks have an average annual return below 30%.
This is largely conservative and a far cry from profit returns above 150% which these "forex/money experts" advertise.

If they are so certain about their exceptional results, why do they need to draw in investments from the public and risk loss of public funds along with administration, expansion and other capital intensive costs.
The most logical approach would have been:
......Reveal your "black-box" fireproof strategy and back-tested results to a handful of high net worth individuals and banks or possibly fund yourself.
......Acquire minimum funding of $10 million for your company.
......Register your company as a proprietary trading firm.
......Maintain capital costs as low as possible possibly rent a single room office space, stellar equipment and internet connection (that's most of all it takes to trade forex from as low as $1 to $1 Billion and beyond).
...... Excluding all costs, with a 'fixed" annual return of 150% your initial capital of $10 million would have grown to over a Billion dollars in about 6 years.
10,000,000 * 2.5^6 = $2.4 Billion
Even if your expected performance falls to 100% your initial capital will grow to reach a $Billion+ in less than 10 years.

Some might ask "who would give you that kind of money upfront ?" actually very few people would but considering these "experts" have proven themselves over 4 years, most billionaires with lots of cash lying on the sofa would have been interested in this "free money" and can possibly fund even more than $10 million.
But NO these "forex/money experts/doublers" will never consider this option because they know and are certain that the "integrity" of their operations can never survive the light of transparency, audit and regulation.

The Regulators are complicit in these menace too. Some has them have flagged these entities but have failed to take decisive. That notice independently is a sufficient Caveat to potential investors. Yes, Forex is not highly regulated in Africa, Nigeria inclusive nevertheless there are many angles through which these guys can be tackled. One of those measures is Illegal Deposit Taking the second is Absence of Insurance Policy.
.......Only licensed and approved organizations are allowed to take deposits from the mass public (especially lower class investors) irrespective of the
withdrawal arrangements.
.......These Deposits are expected to be Insured incase of loss. No reputable insurance company is willing to bear the risk of any
fraudulent/ambiguous/ponzi scheme. So none of these companies are insured if they run away tomorrow expect nothing.
The silence of these regulators don't baffle me after all, it isn't right to talk when your mouth is full while eating.

Let's get a bit technical into why these schemes don't seem practical in any sense.

I have financial trading experience with Citigroup and Trafigura at their offices in Singapore. Therefore I understand the markets as some of you should too who have been trading for a while now although with different experience levels.

My first case is this simple fact: ALL MARKETS FLUCTUATE SPONTANEOUSLY.

This is even more profound in the Forex Market than in stocks. The Forex market moves in a random fashion forming long trends, short trends, ranges and sometimes out right Brownian motion.
You can't relate the results, events and elements of the past with the possibilities of the future because the market is as fickle as a human emotions.
All you can do is ride in the direction of high probability and limit your risk appropriately.
On this premise, it is therefore impractical to offer a fixed rate of return from trading forex because your Results (Profit & Loss inclusive) might vary widely instantaneously. You can't win everyday.
In fact, no professional body in the world, hedge funds, prop firms etc. provide fixed rate arrangements except these "experts".
All that is there is that your performance should stay conservatively attractive in order to retain clients.

My Last but most Vital Point is: the INVESTOR PAYOUT INTERVAL

How often investors are paid out is an important factor concerning any trading or investment company managing investors' asset because it determines their trading style. I will use the example of a typical Hedge Fund arrangement because it is the most prominent institution outside a Banking structure that is allowed to collect funds from the public (although strictly selective) for the purpose of investment.

A typical Hedge Fund has an average lock up period of 1.5 years sometimes even up to 4 years and their is no scheduled payment of profits.
During this period the investor has waived off access to their funds for withdrawal.
This gives the company adequate time to deliver good results while distributing risk efficiently.
The inverse is the case for these "pseudo hedge funds" who commit double atrocity by paying out most if not all their clients a "Fixed" return on a "Monthly" basis.

The risk flaw in the latter practice is that the "pseudo hedge fund" theoretically has to risk the "whole basket" on a monthly basis in order to payout money to clients. The outflow of the accrued profit made by the company for that month has also reduced it's chances of compounding on past gains for future sustainability.
They might claim to have cash reserves, but from where can they generate enough cash reserve especially within a market as unpredictable as the Forex Market where losses are inevitable?
How can you have cash reserves when you are paying everyone monthly and withdrawal is possible in less than a year.
How? Maybe they are taking loans from Banks or perhaps in actuality they are paying back the specified part of investor's funds without corresponding income from forex and when time for withdrawal reaches you recycle money from another client. Hopefully, most charmed investors aren't willing to withdraw just yet, possibly they reinvest back their returns with even more additional money in a rollover plan.
Who knows?

I also have to criticize the acquisition of a relatively Large "Investment Company" by an unverified shell company that has no technical experience in the involved sector. Why should a 'Citizenship by Investment' company buy over a financial investment & trading company. Are you sure someone isn't trying to purchase foreign citizenship. Remember the case of Mrs Dieziani Allison-Maduke, you can't prosecute a non-resident foreigner without an extradition treaty. Think about this.

In Conclusion:

I am not here to coerce anyone into any decision. Awareness is my primary objective.
I just want you to understand that the activities of MBA Forex and their likes don't fit into the category they claim to belong.
Know what you dealing with and strategize how to tackle or avoid it. Risk only what you can avoid to lose.
Because we have a lot of uninformed people who consider these things normal practice every where else in the world.
That notion is far from the truth because the existence of these type of firms in the developed world is minimal to none because the knowledge and experience to filter what is authentic and what isn't is what made them what they are today.

I don't suggest that MBA forex and their likes will crash this year. It will go on as long as the charade of greed continues and expands but mark my words when it crashes, the Truth will be revealed and the Bottom majority of the Pyramid will actualize their well deserved losses.

To all those MBA Forex audacious activists that would come after me, ask yourselves one question, "If MBA Forex is operating an honest establishment would a flimsy dissuading opinion or lack of new investors counteract it's growth or existence?"
If your answer is a an assured NO then why the stress?
On the other hand I am obligated by human sympathy to highlight the reality for unsuspecting investors.

A Safe Forex Investment at the moment aside from self-trading should be in the form of a PAMM and Copy-trading model. Which is offered by various reputable companies and brokers.
It is highly transparent, in that you get a real time view of how your money is being put to work unlike a "behind the curtain" arrangement.

Have a good day people.

Here is the said post.

Bait and Switch Format.

Learn how they play the game before you become played.

ifeanyija:
offline not online

The information from the company on all platforms says ALL payments.

Who is fooling who?

Offline or Online what is actually the difference ?

Investors deposit their funds, the company grows their money and finally pay back the investors.

So what is big difference?
Were offline withdrawal and ROI payments made in cash. NO.

If you analyse carefully, you would see that the company didn't give any official directive for all clients to migrate online.

Their agents and fanatics are busy interpreting non-existing messages. Who knows their agenda?

So if everyone is not to migrate online,
why the delay on offline investors as they claim? What are they upgrading to ?

They have not even claimed to migrate to making payments outside conventional financial facilities e.g paying in Crypto.

That means everything stays virtually the same, you would still get paid using the same bank transfer as in the " OLD MBA-FX"

Don't let scammers fool you with simple terminologies.
This format of deception is called "BAIT AND SWITCH".
When the "NEW MBA" is launched everyone would suddenly feel safer under the impression that the whole system has been improved and upgraded.

Use your head.

In reality, MBA has run out of cash flow.

Within this delay buffer, they are trying to generate enough cash flow and restrategize inorder to run the last lap of the game before they elope.

To be forewarned is to be forearmed.

Read my first NL post for more info.

rekeson:
My bro clicked on withdraw today and got alert few hours later. ONLINE ACCOUNT

Now reason with me, so Smallguyman and other brainless naysayers are trying to make you believe that MBA has made away with office investors money but still paying online investors.

So you mean to tell me MBA is not afraid of offline investors that can cause trouble in their physical offices, but instead paying online investors that can't hold any physical account officer responsible for their money. The simple answer is MBA is not going anywhere any time soon...

MBA FOR LIFE

WE MOVE !!!!!

Why must some people tell stupid lies.

The fraud company said ALL November payments are postponed yet some clowns are still receiving AUDIO withdrawals.

While the rest of the projected Casualties cheer and clap on.

I must really commend you guys, you are really keeping the false hope alive.

Biguyman:
No alert today o na email messages dem dey post now see how they are all crying while maxwell is flexing vodina west in Novotel hotel

??

chiada:



You should also calm down.

Your opinion, advice or whatever you call it is totally inconsequential!!!

Next potential victim my foot!! If an adult cannot take a decision without being babysitted by you with your insignificant opinions...then I SMH.

STOP BEING A NUISANCE ON THESE THREAD!

Everyone needs truthful counsel on one subject or another even when it is against their personal view.

I am sure that if someone thoroughly advised and gave you caution against investing in Ponzi schemes you won't probably be here defending MBA-FX simply out of fear of losing your capital.

Use your head next time.

kavey10:


Fx manager, our old time clown still entertaining us as always. Keep giving us the rabid dog act. Oya, continue dancing naked in the village square.

Clowns everywhere LOL

Again you are not that relevant.

Projected Casualties everywhere

firstworld:
I am not understanding. You don't have money in MBA so its either you have personal beef with somebody in MBA or you are just plain jobless. This is MBA Investors Forum. You can go and open an MBA Haters Forum so that you and your jobless ilk can be sleeping and eating there daily. You no dey even shame sef?

Please calm down.

You are not that important.

I don't cry over already spilt milk. You are already a projected casualty of a Ponzi Fraud Scheme. Therefore least of my concern.

As I always say I don't want the next potential victim to fall for your approval of MBA and be the one to pay the bitter cost for your silly investment choices.

Potential Casualties not Projected Casualties.
I hope you get the point now.

So don't assume I am here to attend to your problems, stop dreaming.
Only God and Maxwell Odum can solve the problem looming over your head now waiting to drop.

https://www.sunnewsonline.com/how-nigerians-lose-millions-to-ponzi-schemes/

Read that article to see how Nigeria have failed to learn as the fall victim to numerous fraudulent schemes over the years.

shedomains:

my brother forex is the new oil in Ptown ,just arange cash sett up nice and posh offices around town,sweet radio jingles ,clean chics as marketers and loaded youtube channels then peck your % a little above your competitors and boom the money start rolling in,cause the populance are blinded with so much greed,you can even see people praying for MBA to stay.how can a ponzi stay hmmmmm my brother e be things

That is what they always fail to understand that having offices all over means little to nothing.

I remember the case of BlueKey Investment that was running a Ponzi Shop from their only office which was on lease at a Mall still in Port-Harcourt.

As "small" as they were EFCC investigation reports says that they had a turnover of over 2 Billion Naira.

That is seriously a lot of money to facilitate your escape or bribe your way out.

Since the authorities shut down their Operations in August, 2019 most of their investors have not been paid a single dime.

Although EFCC freezed BlueKey's account no party has claimed to be in possession of investors funds.

As for the CEO Suanu Neewi, his whereabouts are unknown, what is certain is that he is not jail for his crimes. After his initial arrest he was released on bail.
In such little time, the case has totally died down and the gullible ones have moved on to the fraud scheme.

It BlueKey was running a scheme of 2bn Naira what volume of money do you expect from MBA FX. Probably, in the hundreds of billions.

It will shock most people that when MBA eventually crashes, Maxwell won't even need to run away.

We are in a highly corrupt country where a thief can become a saint overnight at the right price.
That is why these sort of fraud thrives well in this part of the world.

After his initial arrest and subsequent bail, he would still be free as a bird.
After all, who knows who is who behind a multiple car police escort.

Let's use our head please

shedomains:

all of una go dey alright last last, i guess you stay in Ptown and you must have heard about zimafx just that mba has more audience than them,well just so you know they stop paying 3months back .and some pips i know even borrowed money from the bank to invest with them, well furnished offices in town and gra for that matter but guess what they are gone ,sad chrismas for some pals i know,una go dey alright .

I just confirmed your information from an acquaintance.

He was a victim too.

He is one of those "wiseguys" who diversify their Ponzi Investment. MBA will soon disappoint him too.
I am just glad he knows and admits he was running Ponzi Investment.

The company's name is actually XIMA FX & Consulting.

By the way, why are most if not all of these forex ponzi companies initially founded and sited in Port-Harcourt?
I really need to know the secret.

shedomains:

all of una go dey alright last last, i guess you stay in Ptown and you must have heard about zimafx just that mba has more audience than them,well just so you know they stop paying 3months back .and some pips i know even borrowed money from the bank to invest with them, well furnished offices in town and gra for that matter but guess what they are gone ,sad chrismas for some pals i know,una go dey alright .

Them go hear word.

DragonFire442:


Biguyman is a Dirty smelling Internet Fraudster. A frustrated cultist that would die by stray bullet.

You have not seen anything yet. Keep making noise here and I would add more frustration to your already frustrated life.

You sound like an idiot and a He goat that is looking for grass to eat. Face China, Chinese women would give you grass to eat.

Man, were you abused in childhood?

How come everyone else on either side has a bit sanity and positivity except you.

All you post is dark, morbid, satanic bullshit.

Please don't transfer these to your kids oo
Help yourself.

Clown spotted in my mail.

Wrong Target, work harder.

No one should accept unsolicited emails from these Ponzi guys like mrdauda to prevent malware intrusion.

Chumachu:
I noticed that many of the naysayers opened new nairaland accounts just to bash MBA, it is really pitiable.

One opened an account Nov 4th and first post was Nov 16th, all of his/her posts have being negative remarks about MBA which are currently 16 in number. I cant wait till the alerts start flooding again, these ones will want to enter the ground.

I believe in freedom of expression but you must not be hateful about it (seems more to me as being envious you did not or could not invest).

Omo, how people go just open new account dedicated to bash MBA, e shock me oh. These guys might even be sponsored.

If only you know how much residual income people have made from MBA. Companies invested as much as 50 million as at early last year. Imagine the returns they have gotten now.

Once again, for new investors who want to join. Continue your due diligence, ask as many questions as you want. If you want to keep off investing NOW, that is good. This is a phase for MBA and I believe in Maxwell Odum's dreams.

I would like to reiterate that there was a time the lekki branch did not accept new investors for over a month. This shows you it is less likely a ponzi scheme. Maxwell has always being a good forex trader same as the CEO of Addy fx. Don't be pressured to join. Life is a risk. Do what you like.

If I were a new investor, with a low risk appetite, I would keep off for now but I am one with a high risk appetite so I dey chook head EVERYWHERE after my due diligence. Have I lost money? Ofcourse but have I made money? Ladies and gents, 2020 has been my best year ever in terms of return of investments. Even my account manager had to call me to show her the way.

I know people investing 100 million and above on various forex platforms. Imagine getting 20m a month till whenever. That is the difference between the rich and the poor.

Being poor is a struggle, being rich is another struggle. Pick your struggle.


Cheers.

Paid Agent from MBA.

I have never seen an MBAFX student or that fellow schemers that has been able to replicate the results while trading on their own.

Fake Forex Gurus, Fake Results, Fake Students.

mrdauda:


Don't worry your own case is very simple. One good thing about me is that I give people every opportunity they need to repent b4 striking them dead. I will so much mess you up that you will never rear your leprosy face on Nairaland again. At least not in this life. But let me finish with the current idiiot am dealing with.

Loooolll...

So generous of you.

But please don't postpone my case indefinitely like MBA ROI payments and just like you I desperatly want my case handled today or a soon as possible.

Everyone is automatically supreme on the internet. Clowns.

mrdauda:


First witness what is about to befall that silly boy, am sure you have a little bit of sense in your tiny brain to learn from the down fall of others.

Be careful so u don't follow dead body to enter grave.

Please can you keep shut already.

I am fed up with the weightless curses, threats of these Pro-MBA victims.

Get professional help y'all suffering from the "Stockholm Syndrome"

mrdauda:



you are becoming a an epidemic on this thread, you will soon be disgraced the same way Hustla is about to be disgraced if you dont take your time.
All information about you can be accessible anytime and any day. you are not anonymous.

Go ahead, am waiting.

Give it your best shot.

etiumo:
If i can make over 15% in forex trading in less than 2 weeks, dont you think MBA can do more?

Then keep trading and stop "Investing"

kavey10:


FAKE ALERT!

Don't be deceived o, this guy is not one of us.

Yes my credit alert of 1 billion Naira from MBA-TCIL was a fake alert.

Same with all these other fictitious alerts posted by MBA agents and victims here.

I was trying to strike a point there but it's seems Ponzi money has clouded their sense of judgement.