Banners Broker India Closed Down
Banners Broker India
Is now official that the Banners Broker office in India has been shut down by the police. The reason for the shut down is due to some complaints they have about their business model.
According to Team Herald, the Largest Circulated English Daily of Goa (India) – Wednesday, January 2, 2013:
PANJIM: A police complaint has been lodged against an investment company of duping local investors to the tune of Rs 15 lakh or more.
Banners Broker management (as you will read further below) claims that their business model is completely legal, and follows all the rules in India.
They also claim that the shut down was due to the affiliates and their ex employee who is still a director.
PS: Please be informed that although Mr Edney Heredia has been terminated from Banners Broker he continues to be one of the directors, and 50% shareholder in the company as he refused to relinquish his shares in the company. He tried to sell his shares for $50,000 and when this was refused he reduced his request to $10,000 which was still refused by the Executives of Banners Broker International.
You can read the complete story @
Businessforhome – Banners Broker closed down in India
I don’t know exactly how this will affect the members in India but this isn’t good news for those in the program.
My suggestion is you take your initial investment out as soon as possible to lower your risks of loosing.
Keep reading on the next page to learn more insight about this.
Please share your comments and thoughts in the comment section below.
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