Goldnugget just sent out this long newsletter:
Greetings to the Most Loyal GNI Friends, Family & Associates and; Nemesis:
As I have mentioned in the forum, I have spent the last few days in Northern Cyprus trying desperately to obtain those funds which belong to us – members and principals of Goldnuggetinvest.com.
Besides myself, I have been privileged to be assisted by Counsel (one of our attorneys) to not just make a strong presence on behalf of some faceless arbitrage project; indeed, but to help me place a face on the thousands of loyal GNI Customers who have (rightfully or not) depended on our presence and weekly payments to:
1. pay the rent or mortgage,
2. pay doctor’s bills,
3. pay for a family member’s schooling,
4. retire in a manner that is consistent with the years of service provided to their employer,
5. take a well-deserved vacation with someone special or
6. have some peace of mind in these troublesome times.
Despite our best efforts, and monumental efforts were made by all concerned, we could not get the directors, regulators or oversight administrators to relent. There were several tactics employed, a couple of which were most creative, but it was of no use. We thought we may have a foot in the door, only to have it cut off. What I can say is we tried damn it….we tried our hardest; but we could not overcome this hurdle.
Without this income, we go in reverse. We have had suggestions, offers which included members giving us funds, members willing to delay the taking of payments, partial payments, the entire spectrum of suggestions; the reality is, however, these suggestions amount to a band-aid when in fact a tourniquet is called for.
I must, for the sake of the sanity of myself and my family, the GNI Team Members, the Principals and our most trusted customers, shut down Goldnuggetinvest.com effective immediately and permanently. This decision will not be reversed.
Refunds: Despite the ‘disingenuous’ overtones having made its way around the world of on-line investing, we will be refunding those members who are NOT in profit, an amount equal to 101.5% of their principal investment (this includes interest payments already received) rendering EVERY person who invested with us, more than whole as defined by Commonly Accepted Principles of Accounting. The instructions will be provided within the next 48-72 hours; will be straight-forward so this can be expedited.
The newGNI: GNI has the concept, the tools and the strategy somewhat perfected in the world of Sure-Bets. We will be making an announcement at 08:00 (GMT) on Friday, March 12 as it pertains to our future. We can give a hint: It will be a completely and totally PRIVATE program fashioned in a manner that is compliant in any and all world-wide jurisdictions with no limitations. This program has been in the planning stages for nine months and was to be run in parallel with GNI. Nothing more will be said until Friday.
Summary / Conclusion: I want to take a moment to thank all of you, our GNI family for all the kind words and support you have shown over the past several months. I never anticipated some of the hurdles which we had been forced to try to navigate. This program was my baby, you were my extended family. This program was a sense of pride, an attempt to help those of you who needed it the most. I have never, nor has my team, hid from reality; perhaps we were a bit over-confident, but our intentions were and always have been true.
Our next chapter will be very bright, very private, but very bright. I hope to see all of you join in the journey.
Thank you from my heart!
With kind regards,
Robert and the GNI Team
So let’s make it simple: GNI as it it now is dead. Investors not in profit will be ( hopefully ) refunded.
I don’t get what will be of the principals of old members ( just like me lol ) that are in profit and built over the months partially withdrawing and partially reinvesting a big amount. Will they vanish in the air and reset to zero ? That would mean SCAM to me, or soft scam if you like the word more. But it’s just a speculation.
I can only wait until Friday 08:00 (GMT) to see the answer of what this “new GNI” will be.
Of course, since as per Robert’s words
It will be a completely and totally PRIVATE program
I remove GNI from my relaxlist. Sad to see my “front-runner” disappear after a long way together, but that’s it.
