Finanzas Forex, TIRN... I've seen this movie before, haven't I?

Investment firm springs up out of nowhere.
Investment firm has innovative, fast-and-loose strategy.
Investment firm posts record profits.
You invest.
Investment firm is being harassed by big bad government agencies.
Investment firm has to hold on to your money until this mess can get all cleared up.

If this sounds familiar, it’s because you’ve either invested in Finanzas Forex or TIRN. Finanzas Forex is being sued for libel by DWB Marketing, and by Crowne Gold, inc over contract issues. For TIRN, the bad guys are the Securities and Exchange Commission. They’re set to go to court with David Merrick soon, charging him with operating a Ponzi scheme (if you get a chance to read all of the documentation, do it. It’s a good read).

But I’d hate to jump to conclusions. Let’s analyze this from both a pessimistic and optimistic point of view.

Optimistic:

FFx and TIRN are victims of bad timing and poor management. They didn’t get the licenses they needed to operate in the United States, and they’re being busted because of the national paranoia that Bernie Madoff and other REAL Ponzi  schemers have caused. The SEC has shifted into overdrive, and innovative risk-takers like FFx and TIRN are paying for it.

Verdict: Things will sort themselves out. Justice will prevail, and these noble companies will once again continue to churn out profits for us.

Pessimistic:

Let’s be honest. Both companies are mad shady. TIRN’s bank activity didn’t show any trading going on while it was operational, and FFx has never posted real trade information on it’s shabby website. Plus, FFx has a really stupid security feature. Both companies had an “unofficial” way to put money into the company (paying cash to other customers for them to transfer funds into your account), and both  have jumped to create other alter egos (TIRN is now PMR, and FFx is pfplace.com) as soon as their money got frozen.

Verdict: Consider the money you invested a tuition payment to the School of Hard Knocks.

Positive or negative, your response to the situation can be nothing but passive. You either have to wait for the best, or forget about it and put it behind you. It’s a powerless situation to be in if you happen to have funds tied up in one of these companies (like me). Nevertheless, if we use this chance to learn and grow, we’ll at least have something to show in the end. But this is only possible if we share information.

With that in mind, do you have an “inside scoop” on what’s going on at Finanzas Forex or TIRN? Perhaps a link to obscure, overlooked information? Please leave a comment and share it!