California  |  Investment Law

Legal Question

Asked on: 3/25/13, 12:03 pm

I invested $497 in Goldenarim LTD in the UK in February. The company claimed to have a 2.7% daily compounding rate that would mature at nearly $7000 in 120 working days. I made the investment on 02/06/13. The earnings were at about $496 on 03/18/13, with a total balance of $993.00

On 03/18/13 we learned from our "upline" advisors, (those we had invested under) that communication with Goldenarium had ceased unexpectedly on 03/14/13. They had usually had daily phone calls with the company, and suddenly all communication had stopped. The online site was still accessible on 03/18/13 and showed our current balances. By 03/19/13 though, the site went offline.

My investment was small compared to some, who invested 1000's.

Is there any recourse for the investors, or are we just out our $ and the criminals at Goldenarium get away with stealing all of our money?

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