Ledimar is not a Ponzi scheme - user | Fin24
 
  • Cadre Cover

    The ANC is planning to launch a funeral policy scheme for members and supporters.

  • VBS Collapse

    Ramaphosa has acknowledged South Africans' impatience to see justice done.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Ledimar is not a Ponzi scheme - user

Oct 22 2013 13:46
The Financial Services Board is threatening the livelihood of the poor by branding Ledimar as a Ponzi scheme, writes a user who wants to remain an anonymous.

Ledimar, which trades as Ledimar Financial Services (Pty) Ltd, Ledimar Stock Trading (Pty) Ltd and Ledimar Investment Holdings CC, has offered investors returns of up to 50% per month.

However, a court ruled in favour of the FSB, who maintained that Ledimar was operating outside the regulations in that they either solicited investments from the public or offered investment advice without being registered by the FSB.

Anonymous responds to an article warning the public not to invest blindly:

It is a great disappointment for the Financial Services Board (FSB) to issue such degrading articles about Ledimar.

Stocks and Forex trading cannot be compared to Ponzi schemes.

For once we have a company that is uplifting the poor and being loyal to their clients.

It sad that they are being branded as a "Ponzi Scheme" which is not the case in this matter.

Clients have trusted Ledimar with their funds and Ledimar has in no way disappointed them.

The FSB should treat Ledimar differently from these fly by night "Ponzi Schemes”. If a proper investigation was done, they would see that the majority of the clientele are happy and willing to continue doing business with Ledimar.

It is the FSB that has now disappointed many poor who depend on this money

I believe in Ledimar and trust that God gives the directors and staff the courage to fight through this storm!

I would like to say thank you to the directors of Ledimar for what they have done thus far for the community and individuals.

May God bless you abundantly.

Annon!

- Fin24

Have you ever fallen prey to a pyramid or Ponzi scheme? Share your story.

Disclaimer: All articles and letters published on MyFin24 have been independently written by members of the Fin24 community. The views of users published on Fin24 are therefore their own and do not necessarily represent those of Fin24.

Fin24 reserves the right to obtain service providers' comments before publishing any articles or letters, and to edit any material used. Fin24 also reserves the right to edit or delete any and all user comments received.

pyramid scheme  |  myfin24  |  scams
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
8 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What's your view on deep sea mining?

Previous results · Suggest a vote

Loading...