rowan

I only 'invested' money I could afford to lose. I did struggle a little with the knowledge that joining a ponzi program was really supporting a wholesale scam (where the last round of investors ALWAYS lose) but it's not really that much different from making money in the stock or forex markets... you make money when someone loses some.

I took a calculated risk based on the amount of hype surrounding 12DP, concluding that there were still plenty of new people joining up so there was still time to make some money before the bubble burst.

I've been doing a lot of forum reading today and I'm actually more concerned about Stormpay. Looks like it's run off a residential street by one or two guys. They also run NetIBA which is a "verification" company - from the same address. Some people have reported Stormpay withdrawal cheques bouncing. Some people are saying they've "heard" they are bankrupt (I take this one less seriously at this stage)

If Stormpay were clearly a strong company then I'd just wait it out and hope to get back a percentage of my principal, because they they are still holding 12DP funds in their account. Now, I'm just waiting for something concrete to surface about Stormpay to enable me to initiate immediate action such as a chargeback to recover my principal. I can live with losing that money, but it doesn't mean I'm not going to try to recover it.

Here's an Alexa graph to give you an idea of the 12DP hype...