A reader sent me a pamphlet from a company called Aspaya. They offer an unbelievable return on investment, and I use the word unbelievable intentionally.
“TalentShare Wealth Creation Program I is a six month program that enables you to withdraw your capital plus dividends over the duration of the program. A minimum subscription fee of R7 500 will pay out R2 200 per month. You may increase your subscriptions in increments of R7500 and your payout will also increase in increments of R2200.
Bluestart Income Plan is managed by Startco Capital. Aspaya is not a deposit taking scheme.
There you go. It is obvious that my understanding of a deposit taking scheme was wrong all along.
We informed the FSB of the opportunity as well, and will watch developments with great interest.