This space is booked until 01-June-10.

This space is booked until 30-April-10.

This space is booked until 21-April-10.

This space is booked until 30-April-10.

This space is booked until 18-April-10.

This space is booked until 30-April-10.

Sunday 21 February 2010

Genius Funds - Update

The recent news about Genius and the BCSC has caused quite a lot of worry for many readers. My take on the matter is that this can only be good news for the investors as it will publicly prove the honesty of the admin and once and for all prove the legality of the programme.

The following letter was issued by the admin:

Well, we do indeed have an issue with one Canadian province, not the whole country. We operate in 120 countries around the world. You have to
understand that it is hard to us to follow rules of every jurisdiction including provinces. We did not actively solicit investors from this province, neither have we advertised there. We hope this will be cleared up.
No, this matter does not affect our operations.
As per our relationship with Canadian based AlertPay and STP, well, we are using these e-processors exactly for what they are - to process funds, we do not keep any monies with them, everything is invested in various financial instruments worldwide and there is no risk of losing any of our funds. In worst case scenario we will use other modes to transfer deposits and withdrawals.
Here are promos to our investment options:
Thank you for choosing Genius Funds.
Panos Christodoulou
Genius Investments Limited
Customer Support Hotline
Tel. +357 25 025067
05:00 - 15:00 GMT Monday-Friday
Automated Account Service
Tel. +44 200 222 7598
24 Hours per day/7 Days a week