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. If you're at Reviewopedia.com because you're looking for a way to make money online then check out our article "7 Ways to Make Money Online" - methods that anyone can use to earn an income from home.
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Customer Responses, Reviews, or Complaints for
'Legacy
International'
john the uk. | 6:27pm on September 26th, 2009 | thank you for this log.i can not get through to legacy.i did invest .last october 2008.no more contact.it was said there in hongkong.but that is like a fish that you can not see.and i can not see any one logging in about.so what do you think.28/9/2009 00.22am. if some one is having a holiday in grenada.can thay check the street out.to see if the fish is still open. |
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