LSG Financial markets itself as a bank.
LSG is a financial company that operates online. We work with you to develop a strategy for your finances and make wise investment suggestions so that you may save time and feel at ease knowing that your money is working for you.
The name of the business includes “Liam, Sachwell & Galahad.” No proof that they are real persons is given; surnames are typical.
In actuality, LSG Financial gives no details on the ownership of the business or its management.
The domain name “lsgfinancial.com” for LSG Financial’s website was privately registered on June 7th, 2021.
According to SimilarWeb’s tracking, no one was visiting LSG Financial’s website until the end of August 2022. Belgium (51%) and the Netherlands (49%), which are major sources of internet traffic for LSG Financial
This even split is a clear indication that whomever is in charge of LSG Financial is situated in Europe.
I’m not sure whether it’s legitimate or not, but on August 10th, 2022, a secret FaceBook group called “LSG Financial” was established. This is in line with an increase in online traffic for LSG Financial.
Dinesh Francis and Freek Otf Andringa are the group’s two administrators on Facebook. LSG Financial.
Francis seems to be hawking a number of Ponzi schemes:
Andringa declares that he is a Dutch citizen.
LSG Financial didn’t start operating until 2021, in contrast to Andringa’s earlier assertions.
Andringa pushed the EvoRich Ponzi scam before LSG Financial.
EvoRich failed earlier this year when owner Andrey Khovratov was taken into custody.
Another theory is that Russians operate LSG Financial. This assumption is made in light of Yandex Translate’s presence on the LSG Financial website.
A Russian search engine called Yandex is often not used outside of Russia.
Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.
The Products of LSG Financial
LSG Financial doesn’t provide any goods or services for retail sale.
Only the LSG Financial associate membership itself may be promoted by affiliates.
Plan of Compensation for LSG Financial
Affiliates of LSG Financial make investments with the expectation of daily returns:
Safety Net: Make investments of $100 to $9,999 to earn 0.8% to 0.85% daily.
Equity Pool: Make an investment of $10,000 to $24,999 to earn 1% to 1.05% daily.
ETF: Invest $25,000–$49,999 to gain daily returns of 1.6%–1.6%
$50,000 to $99,999 invested will yield a fixed income of 1.9% to 1.95% each day.
Balanced Fund: Earn 1.9% to 1.95% per day on investments of $100,000 or more.
Retirement Fund: Earn 1.5% to 1.7% per day when you invest $100,000 or more.
According to the investment strategies of LSG Financial, the Retirement Fund pays out less than the Balance Fund. It’s puzzling why someone would invest at the Retirement Fund tier.
The LSG Financial Investment plans are to be noted as having a 12-month validity period after which additional investment is needed to continue earning.
LSG Fund’s MLM division pays commissions on the hiring of affiliate investors.
Down three levels of hiring (unilevel), LSG Financial pays referral commissions on invested assets as follows:
level 1 (affiliates that I directly recruited) – 10%
Level 2: 5%; Level 3: 3%
the joining of LSG Financial
It appears that joining LSG Financial as an affiliate is free.
The attached income opportunity requires a minimum initial commitment of $100 to be eligible for participation.
Financial Summary for LSG
Although LSG Financial presents itself as a financial institution, it is actually just a straightforward Ponzi scam.
LSG Financial is not registered to provide securities in any jurisdictions, despite the fact that it is obviously offering securities by operating a passive investing program.
Instead, this nonsense is supplied to unwary investors in Europe:
LSG helps you manage your money and provides advice in our capacity as fiduciaries.
LSG Financial LSC, an investment adviser registered with the Michigan Department of Licensing and Regulatory Affairs (LARA), and LSG Financial Services, a broker-dealer registered with the SEC and subject to Michigan CSCL regulation, are the two legal organizations through which we carry out this service (Corporations, Securities and Commercial Licensing Bureau).
The LSG Financial is an SEC-registered company.
The following is taken from an LSG Financial 10-K Annual Report that was submitted to the SEC in April 2022:
On December 9, 2004, Lode-Star Mining Inc. was established in the State of Nevada with the goal of purchasing and exploring mineral resources.
We made a deal with Sapir Pharmaceuticals, Inc. to buy all of the assets on December 28, 2021.
On December 5, 2014, we entered into a subscription agreement (the “Subscription Agreement”) with Lode-Star Gold INC., a private Nevada corporation (“LSG”) pursuant to a mineral option agreement (the “Option Agreement”) dated October 4, 2014, whereby we agreed to issue 35,000,000 shares of our common stock, valued at $230,180, to LSG in exchange for an initial 20% undivided beneficial interest in and to LSG’s Goldfield property. LSG became our largest and controlling shareholder
LSG Financial Services, which relates to “Lode-Star Gold,” is registered with the SEC. More significantly, the business is not profitable.
Our auditor has given us a going-concern assessment even though we have no revenues and have been losing money since we started.
To finance our activities, we rely on loans and/or the sale of securities. For the upcoming year, we anticipate using outside consultants, advisers, attorneys, and accountants as needed as we have no staff.
So how is a corporation handing out up to 1.95% every day with no revenue?
They’re not. LSG Financial Services, a corporation that the SEC has registered, is unrelated to LSG Financial, an MLM firm.
The MLM firm LSG Financial was founded by con artists who recently stole the name and pretended to be affiliated.
Notwithstanding In the US, LSG Financial has not gained traction. In either Belgium or the Netherlands, LSG Financial is not authorized to mke securities offerings.
With no particular investment information offered on their website for the general public, the con artists behind LSG Financial try their utmost to conceal the Ponzi scheme.
Like other MLM Ponzi schemes, fresh investment will dwindle as affiliate recruiting does.
This will deprive LSG Financial of ROI income, leading to its eventual demise.
The arithmetic behind MLM Ponzi schemes ensures that the majority of participants lose money when they fail.