I received an email from UIA out of the blue, asking me to invest in the company at a pre-IPO price which is on a 5x discount.
I was wondering, if the opportunity is so good, why would it land up in my email and not snapped up by some other billionaires and millionaires? Sounds fishy to me.
And UIA means Universal Interests Accumulative.
I cringed when I read this para:
[Free Ebook] How should you invest your first $20,000?
We asked 14 Singapore finance bloggers to share what they would do if they could go back in time and invest their first $20,000. They can no longer rewind time, but you can learn from their experience and hopefully start with a better footing.
By October 2011, UIA reached 204 countries becoming Earth’s default one world currency™. UIA differs from banks because it issues its own currency without having to incur debt and does not charge or pay any interest. UIA’s one world currency™ is safer than other currencies because its value does not fluctuate daily from changing foreign exchange rates.
The Agency has a capital base of $1 Zillion and is the world’s largest investment entity. The Agency is backed by Universe’s natural energy resources, the evolution of humankind and UIA’s growing base of 560,000 agents across 204 countries worldwide.
I checked on their address which is in Sydney Australia and found that it is a serviced office. You can even have the option to pay for the usage of the address or pay a little more to use it as a virtual office.
And then the classic membership fees comes in:
upfront investment required to become a UIA City Partner is AUD250 for an exclusive license from the Company which expires after 12 months and must be renewed every year
National Partner is AUD500 for an exclusive license from the Company which expires after 12 months and must be renewed every year.
Regional Partner is AUD1,000 for an exclusive license from the Company which expires after 12 months and must be renewed every year.
And the ponzi-type of referrals:
Building a UIA economy is the most productive way to make money as an agent as you will receive Monthly Earnings calculated based on 1% of the Monthly Turnover of your UIA economy. Your UIA economy include every person you introduce to UIA and also everyone they in turn refer to UIA. Monthly Turnover means the total monthly sum of all debits and credits transacted for everyone in your UIA economy.
I also noticed google ads on the website. Why would a credible company run google ads on their corporate website?
This is so lame:
U & I = A
The U & I = A epical began during the war between aliens and ghosts in Universe in 1998 where both sides were competing furiously to become the leading specie. U & I = A was created by Jonathan Soon and was used as part of a universal campaign for aliens and ghosts to unify human life. The meaning behind U & I = A is for all to be equal number one as in A. The war ended at the end of 2008 with aliens winning with a continued working relationship with ghosts.
Uian is the universal language for UIA’s globally connected citizens across 204 countries. Uian was invented by UIA’s Founder and CEO Jonathan Soon in 2010 to reduce the language barriers and improve communications between UIA agents worldwide. The Uian Language is developed base on a modified version of English with its own definitions and meanings. The Uian Language has been created with the objective of maintaining positive energy flowing wordings with meaningful substance. The Uian Language, containing a set of wordings when spoken in conjunction with English, produces a smooth conversing tone.
The value of UIA’s one world currency is based on the confidence of its 560,000 agents worldwide and a fixed foreign exchange rate of 1:1 with the world’s 182 national currencies.
I am not sure about you, but I would be very wary of this. I felt responsible to share my concern with you.