Legacy International

Legacy International: Full Review & Investor Comments...

Legacy International (www.legacyintl.biz) is a global financial consulting company that specializes in investment research of pre and post IPO markets.  They claim to have the experience and expertise necessary to help their clients make the most beneficial investment decisions.

With that being said, whenever you're considering investing money in any kind of opportunity especially with an overseas firm it's important to do your research.  There've been thousands of fly-by-night investment companies who've taken people for millions all by talking a good game on the phone and hiding behind a professional website.

Legacy International does have a great looking site and smooth talking sales reps but just how legitimate is this company...?

Most people come in contact with Legacy International through cold call marketing where they're asked if they would like to receive information on several investment opportunities.  After they receive the info they're phoned by a representative selling shares in one of the IPOs.

While the cold call strategy does not automatically make the company a scam it should be enough reason for you to do some research.  In the case of Legacy International there are some facts that do not add up.

For instance on their website they list their office location at St. George, Grenada yet their investor newsletter and several agents gave an address in Belize.  Further research revealed that, "LEGACY INTERNATIONAL LTD is not licensed by the International Financial Services Commission or any other competent authority in Belize to engage in securities trading, investment management, or to provide any other international financial services.  All persons concerned are asked to take note and exercise caution." (http://www.ifsc.gov.bz)

I wouldn't say that this is a final nail in the coffin for Legacy International but it's definitely a piece of information that should have you thinking twice before investing.  The problem with stopping illegal trading operations is that often times they do pay out large dividends to their customers.

However, they do so with the sole intention of gaining your trust and setting you up for a much bigger buy.  They'll show you a return on a small investment of $1,000 - $3,000 and next week give you a pitch about how you need to invest $20,000+ in their next IPO.

If you're considering investing in one of Legacy International's recommended IPOs do as much research as you can about the company they're pushing.  Often times, in sophisticated, "Boiler Room," financial scams these firms will create fake companies backed by pages of bogus biotech research all to gain your confidence.

A year or so later you won't find any trace of the company you invested in and no hope of ever getting your money back.  So as stated before do not get swayed by a smooth talking sales rep promising you unbelievable returns, keep a cool head and don't make any quick decisions.

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