TingerInvest

About TingerInvest Ltd BVI and the 1st Level (Electronic) Due Diligence (DD) on them.
I first became aware of Tinger Invest at the beginning of November 2005, just after it started in October. Due to the high rate of 100% in 25days it reminded me of ExpInvest who also looked very professional, claimed to be a real company and even fooled their support staff that they were real, but when they disappeared in September 2005 it became clear that they had stolen the ID of an offline company and were a professional scam, just like Invex who also disappeared at the same time. So I stayed away from Tinger Invest at the time.

A few weeks later I started to notice that Tinger Invest was becoming very popular and decided to look into all their details and see how thorough their verification was, which covers all level 1 DD and some level 2 DD as they have been verified as a legitimate British Virgin Islands (BVI) company by a 3rd party.

The only area I haven't been able to find out much about at the moment, and will still work on to find out more, is their trading activity and how they are able to offer the 100% in 25 days, even though it is very possible to do this with high risk Forex trading or by leveraging their own funds with investors, just as GR claim to be doing, but the "too good to be true" return still has to be treated with a lot of caution, hence I decided on an HYIPtiming strategy just as I am doing in GR, i.e. get in fast, get the principle back as quickly as possible and then make profit from all re-investment at no risk whatsoever, details about this below. Here is a summary of the DD process so far:


a) The Website and Verification:

i) Website located at www.tingerinvest.com

ii) The domain details, information here: http://www.whois.sc/tingerinvest.com are now available to see, as they were hidden before, so they must have thought that people would be suspicious. The domain details, apart from being made public recently, match the 3rd party verification and have remained constant since they started i.e. no odd registration details or service changes were found in the domain's history archive as they were for the Invex and ExpInvest's domains once I had access to the a domain history service, which was when it was too late. The USA phone number on their domain is active and rings through to another service, which terminated the call after a small duration, but there was a lot of echo and so it could have been an answer service, so I need to try it again at various hours to be able to see if I can speak with them.

iii) Strong 3rd party verification. If you visit www.tingerinvest.com you will see a verification certificate in the bottom right corner by www.comodogroup.com and www.trustlogo.com. The verification level by these companies is a lot stronger than NetIBA and others as they approach 3rd parties to check that the company and it's certificates are real and that they really are incorporated as TingerInvest Ltd in the British Virgin Islands (BVI). Don't be fooled by the $10k assurance as this will only cover people in the event that the ID details were not correct and not if they stopped paying and disappeared.

iv) General. The website is tidy and worded fairly well, but there are no real details of their trading activity, yet they do NOT boast about how much has been taken in and have quietly mentioned previous details in their News section, where as ponzi scam HYIPs are always trying to get people excited by shouting about how much has been invested, even if they fake the details.

Some people thought Tinger Invest and ACSfin were run by the same people as they are both using the same Registrar and DDoS protection services. After checking the domain (details above) and sites of both programs, plus their e-Gold numbers and more, it is evident that TingerInvest was started 20days before ASCfin and their program and site are completely different, so I couldn't find a common link except for the Registrar and DDoS protection, which are used by many other services that want privacy and protection from attacks etc. Tinger Invest have also removed the privacy on their domain, hence you can now see their real details and they may have done this to prevent them being linked with the privacy details that are hiding the ASCfin domain details.


b) The Company Certificate and Incorporation:

i) The Certificate of which there is an image here: http://www.tingerinvest.com/certificate.gif at first looked fake due to it's layout i.e. extra spaces in the text and the poor layout, however I found that all the BVI certificates I came across to be the same and an official example is shown here so this is just the way the BVI company certificates are and so TingerInvest Ltd's certificate appears to be real, especially with the high level 3rd party verification process that has taken place.

ii) The Company Incorporation has been verified by www.trustlogo.com and their $10k assurance is valid in the event that they did not check that TingerInvest Ltd. BVI, are who they say they are, so you can be sure that they are a real company in the BVI. I also read the site here and other sources to find that you need to go through quite a procedure to set-up an Incorporated company in the BVI and as much as you can remain private to the rest of the world the BVI government do require verification details and do watch out for bogus companies to protect the many legitimate banking companies that use the BVI. An image of the official International Business Company (IBC) seal here: http://www.tingerinvest.com/tingerinvest.gif which is a legal requirement as noted here

c) Reliability of Payouts and History:

i) The Payout history is flawless like GR and you can see unbiased (no listing fee) details here: http://www.realrating.com/index.php?id=119 and many other monitor sites (some with no listing fee) on the Tinger Invest website here: http://www.tingerinvest.com/partners.html

ii) The Program has now been running for just over 3 months as of mid January 2006. It was quiet to start with and then a lot of interest was shown after their 3rd party verification process and so more people started to invest in November and December, meaning that it is growing very well now.


d) Further Due Diligence:

i) Daily maximum limit: $2k to $5k is shown as the maximum but with a request to contact them is noted further up the Join page, hence I only saw the $2k to $5k at the pay form and invested $4k on Dec 23rd. They then sent me back $1k and so I left $3k in there. This action is interesting and means that they are controlling their funding intake, where as a Ponzi scam HYIP wouldn't care, unless they were ensuring that the Ponzi wouldn't collapse too quickly but they don't usually consider this in Ponzi's. So it appears that they are not just after as much as they can get and are controlling funding. The daily maximum is now $4k as per an email reply from them on the email page here (opens in a new window).

ii) Further Correspondence: I asked them recently if they could send further DD and they sent me an email (copy below), informing me that they have 6 traders and are currently managing just over $1million, full details in a copy of the email on the email pages here (opens in a new window). This DD is just words and doesn't point to anything factual and so I will contact them again via email or phone or both and update this section when I get any more information, which may not happen as many of these companies want to remain private and I have now noticed that they won't release further details as per a 3rd party review here


My conclusion from the DD and activity so far:
I can see that TingerInvest Ltd., BVI has been verified to be a real company but do not have real proof of their trading activity yet, so I am still unsure as to whether it is real or run by professional scammers, but I also feel this way about GR and at least Tinger Invest have some verified details. GR is still more appealing as they have an extra 7months of known history and it does appear that some people are making a good profit from GR, but many people can still make a profit from ponzi schemes, so GR and other high paying HYIPs that seem real should still be approached with caution and invested in wisely, more details in my investment strategies below. From what I have seen and experienced so far I expect TingerInvest to be strong to about May 2006 and still be running in July 2006 but it could then disappear at anytime. If they are real and keep doing well then they could be running for much longer. [written by john and andrew at secure your future]