WCM and Howare Grinsteinner clamed to lend money to debt collection agencies. The debt collection agencies would then pay these loans back to WCM holdings, with interest, over time. I am ashamed to say I invested several thousand dollars. After seeing the monthly reports and the projected returns on investment, I gave him thousands more. It was supposed to be a long-term investment, and that's how Howard sold it from the very beginning. I never requested a payout or return on any of my investements (they were made periodically, into specific collection agency loans), but rather 'rolled over' any gains into financing new loans for the collection agencies. The idea was to exponentially increase the earning power of early returns.
If it sounds to good to be true, it probably is. That's the advice I would give to anyone else finding themselves in a similar situation. As for Howard, I don't know how he sleeps at night. He's a crook and his investment opportunity turned out to be nothing more than a ponzi scheme. Stay away from this man and do not ever do business with him or any institution with which he is affiliated. The worst part is, as a previous poster said, these white collar criminals are able to skirt the law. It will be a long time before he faces any criminal charges, and I wonder if he'll ever face any significant consequences as a result of his actions.
Wohlstand Capital Management, LLC Reviews
WCM and Howare Grinsteinner clamed to lend money to debt collection agencies. The debt collection agencies would then pay these loans back to WCM holdings, with interest, over time. I am ashamed to say I invested several thousand dollars. After seeing the monthly reports and the projected returns on investment, I gave him thousands more. It was supposed to be a long-term investment, and that's how Howard sold it from the very beginning. I never requested a payout or return on any of my investements (they were made periodically, into specific collection agency loans), but rather 'rolled over' any gains into financing new loans for the collection agencies. The idea was to exponentially increase the earning power of early returns.
If it sounds to good to be true, it probably is. That's the advice I would give to anyone else finding themselves in a similar situation. As for Howard, I don't know how he sleeps at night. He's a crook and his investment opportunity turned out to be nothing more than a ponzi scheme. Stay away from this man and do not ever do business with him or any institution with which he is affiliated. The worst part is, as a previous poster said, these white collar criminals are able to skirt the law. It will be a long time before he faces any criminal charges, and I wonder if he'll ever face any significant consequences as a result of his actions.