It seems that Global Nugget Invest has failed to make any inroads into the problems they were experiencing with their funds caught in Yardas bank. Even after the Admin and his legal counsel travelled to Cyprus to see if they could find a resolution the outcome has been failure.

In an email earlier today the announcement was made that the decision had been taken to close the programme with immediate effect. As much as I regret having to receive such news it is yet another example of an Admin who wanted to make a real difference suffering from the wrongs done by others.

If you had previously made a profit at Gold Nugget Invest then it seems you will receive no further funds. However if you are still to make a profit from your investment then the programme will ensure that you are paid out such that you receive 101.5% of your funds (including original investment). Instructions will be published in the next 48 to 72 hours.

Luckily all is not lost as there will be an announcement on Friday 12 March at 8AM GMT with details of a new private investment opportunity. Let’s see how this new phoenix will arise from the ashes.