PQI is a company that claims to help regular folks get in touch with legitimate high-return investment opportunities that are not open to the general public. You can pay anywhere from $6500 to $18k to go to offshore seminars and hear about these investments. Then, off course, you need more $ to actually invest. They (PQI) claims to investigate the legitimacy of the companies/individuals they have speak at the seminars and only have those opportunities available that have a good track record.
Here's my story:
If you're considering going to the Q2 seminar DON'T DO IT!
I invested ALOT of money with a company whose rep spoke at the seminar. They did some kind of stock trading with a computer program that made about. 5% per trading day (double your money in one year, basically). I invested about $12k and was excited when my account started to go up daily. To make a very long story short, after about 8 months, the guy running the investment said something happened to the fund and it was "lost" in a day of trading. I felt like I'd been kicked in the groin.
To add salt to the wound, I had actually taken about $3k out of the investment before it tanked and put it into an online "credit union" (for lack of a better term) called MYICIS, whose rep ALSO spoke at the seminar. The money was stolen by the owner, Wayne Hicks & wife and the feds shut him down.
And if that wasn't enough, I had another investment with globalonlinedepository.com where another $3k disappeared after the SEC shut it down. These guys didn't actually speak at the seminar but the investment was highly recommended by several PQI folks.
What angers me is that PQI supposedly investigates these businesses to see if they're legit or not. Bottom line is, they didn't do their job and it costs alot of folks a WHOLE lot of money. Their disclaimer is to "do your due diligence" and investigate the companies yourself so they don't have to take reponsibility. How is the average guy supposed to do this? Hire a private investigator? After paying about $7,000 to hear about all these great opportunities, then I'm supposed to further investigate these offshore companies presented? Gheez.
I guess you simply cannot trust anyone.
That was a Hard Lesson.
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