For me its about 2.000e on grupeer liabilities. (3% of portfolio) I really enjoy your ironic tone mate, i actually subscribed because of that (and for your value added posts as well) Well i guess the good thing for is that they dont have any withdraw guarantee and funds have to stay invested until they reach maturity - so no bank run. On the other hand, if it is indeed a ponzi scheme, lack of new investments could mean no possibility to provide interest to investors so again, a possible collapse. The million dollar question is whether its loan originators are actually profiting after all
As I understand, some of Loan Originators were real, some completely fake (no license to issue loans, fake websites with 0 traffic), and some like Primo Invest - in between, but as they did not provide agreements, or even company names who develop the real estate projects - probably nothing good will come out of it.
Monethera isn't a victim of COVID-19 and it's bad to claim it is! They stopped not only buyback but even withdrawals. Obvioulsy their projects are fake as there are tons having 20+% with no info on the borrowers and their CEO... I asked them in Facebook politely who is the CEO of the HK 90% buyback company and they couldn't even answer this simple question!!!
That's not true (atleast not for all, dont know about anyone else then myself ofc), I got a withdrawal on thursday to my bank so don't think there is a problem if you have money free on the account.
i made a withdraw request on 18th march. I never received the amount. Instead i received this email from Grupeer support:
"At the moment Grupeer has the delay with the payments from one of our Loan Originator - Primo Invest.
In accordance to standard bank practice every payment should go through the bank control. Lately bank procedures are getting more strict, what caused the delay with money transfer.
As soon as bank approves the transfer Grupeer will do the transfer to your account.
We would like to ensure you that Grupeer acts in the interests if investors.
Alla Kisik, CEO Grupeer"
This smell like a bullshit because there must be no risk connection between withdraw of free funds on my account, and delay in payment from a LO.
hm, maybe there is or is not a problem with that LO making this delay for you. Then it seems like not all LO's have the same problem as of now. But I think it will be a problem for every platform in the coming 3 months since governments and banks also pause repayments and so on for all businesses in the EU because of the virus. This will affect all P2P platforms the same I believe, even if some of them says it's all okey right now.
For me its about 2.000e on grupeer liabilities. (3% of portfolio) I really enjoy your ironic tone mate, i actually subscribed because of that (and for your value added posts as well) Well i guess the good thing for is that they dont have any withdraw guarantee and funds have to stay invested until they reach maturity - so no bank run. On the other hand, if it is indeed a ponzi scheme, lack of new investments could mean no possibility to provide interest to investors so again, a possible collapse. The million dollar question is whether its loan originators are actually profiting after all
As I understand, some of Loan Originators were real, some completely fake (no license to issue loans, fake websites with 0 traffic), and some like Primo Invest - in between, but as they did not provide agreements, or even company names who develop the real estate projects - probably nothing good will come out of it.
Monethera isn't a victim of COVID-19 and it's bad to claim it is! They stopped not only buyback but even withdrawals. Obvioulsy their projects are fake as there are tons having 20+% with no info on the borrowers and their CEO... I asked them in Facebook politely who is the CEO of the HK 90% buyback company and they couldn't even answer this simple question!!!
The legal address of Groupeer in Ireland listed on their website is a church: https://www.google.com/maps/place/The+Black+Church,+Saint+Mary's/@53.3546644,-6.2682351,21z/data=!4m5!3m4!1s0x48670e8068474f75:0x8b412592845a8c20!8m2!3d53.3546532!4d-6.2679431
I can confirm that grupeer do not execute withdraw since more than a week. So they are going in full scam mode
That's not true (atleast not for all, dont know about anyone else then myself ofc), I got a withdrawal on thursday to my bank so don't think there is a problem if you have money free on the account.
i made a withdraw request on 18th march. I never received the amount. Instead i received this email from Grupeer support:
"At the moment Grupeer has the delay with the payments from one of our Loan Originator - Primo Invest.
In accordance to standard bank practice every payment should go through the bank control. Lately bank procedures are getting more strict, what caused the delay with money transfer.
As soon as bank approves the transfer Grupeer will do the transfer to your account.
We would like to ensure you that Grupeer acts in the interests if investors.
Alla Kisik, CEO Grupeer"
This smell like a bullshit because there must be no risk connection between withdraw of free funds on my account, and delay in payment from a LO.
hm, maybe there is or is not a problem with that LO making this delay for you. Then it seems like not all LO's have the same problem as of now. But I think it will be a problem for every platform in the coming 3 months since governments and banks also pause repayments and so on for all businesses in the EU because of the virus. This will affect all P2P platforms the same I believe, even if some of them says it's all okey right now.
But at least enjoy the show, you paid for it. Thanks another platform belly up. 300€ poorer.