No love from Agape

You just can't make this stuff up (via Dealbreaker).

Here's the pitch:

  • The "firm" is Agape World, Inc. where they provide "the bridge to your future"
  • You invest between $5,000 to $3 million in short-term high yield loans to developers and builders
  • The terms of these loans range from 10 to 12 weeks
  • You earn as much as 14% in as little as 72 days
  • The company was named one of America's fastest growing companies by Entrepreneur Magazine

Wow!  Sign me up!

But:

  • The founder of the firm is a convicted felon and served 21 months in FEDERAL PRISON for previously defrauding investors through a securities firm.
  • Part of his sentence included undergoing therapy for a gambling problem.

What's wrong with you people?  Are you so blinded by greed that you forget how a search engine works?  Ever heard of the Internet?  How about checking with FINRA or the SEC about the firm?

Oh wait, it must be the government's fault.


The scams and schemes continue to reveal themselves as we exit this period of absurdity and, yes, stronger regulatory oversight could have helped but a little common sense goes a long way. 

If it sounds to good to be true, it is (especially when a convicted felon with a gambling problem is the one telling you).

One thought on “No love from Agape

  1. Greek term used particularly by Christian writers to signify fraternal and filial love, as opposed to eros or sexual love. In the early Church the agapē was a feast at which fellow religionists celebrated their sense of solidarity.
    Sickening.

    Like

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