Monday, December 31, 2007

Investment 96

If you have been around the forums such as Talkgold, MMG and some of the others for any time, you have likely heard of the program Investment 96. Investment 96 really has an interesting history. It is operated by one of the most notorious hyip admins. His name is Richard O'Neill and he has tried to make a successful hyip time and time again. How you ask? Well rather than claiming to trade stocks or do forex trading like most of the hyip admins out there, Richard plays poker... and he actually plays. It all sounds well and good, but the problem is that Richard just really isn't good at poker. He always loses. First he started out with GG-Investments, then he moved onto JP-Daily, both failed. Next he created Investment 96, which had the intention of refunding everyone from JP Daily, as well as providing a new poker investment for new investments. It got pretty big, up to about $200k in capital, however once again, just as the Christmas season rolled around, Richard announced that Investment 96 was in a bit of trouble and that he didn't have enough money for the program to be liquid.



So whats the plan now? Well he plans to refund everyone from all of his previous programs, while continuing to accept new investments into Investment 96 (Part Deux). If you are one of the people that has lost money previously in one of his two programs, my advice would be to keep hassling Richard and get your refund out of him as fast as possible. Even if you are forced to receive a partial refund, it would be worth it... as undoubtably Investment 96 will fail again... its just in Richard's nature, and we all know that he really isn't good enough at poker to make the returns that he likes to post. Furthermore, Richard is not an honest guy. When Investment 96 first failed, he more or less admitted that he had faked a load of screenshots that he had been using just weeks earlier to prove that the program was "liquid" to get more investments.



If you are not already trapped in Richard's program, my recommendation would to be either stay far away, or to only make a small deposit. It is most likely that Investment 96 will fail again, however if you get in at the right time you will be able to make a nice tidy profit before it collapses again. Personally I have about $400 trapped with Richard. I have made more than that in profit that I have withdrawn, so I'm not overly concerned, however I would be happy if I could manage to get that out of him.



Verdict: Proceed with caution, and question everything that Richard claims.



Mr. Money Man

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