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DisclaimerIReport Compiled By Derrik Oppermann with a view to assisting potential investors in being able to make an informed decision on Global Mutual as an investment vehicle.
from left to right: Gordon M Doherty meeting Derrik Oppermann
This is the first time I have performed any form of due diligence on a HYIP where other people are waiting for the results. I must however stress that there are no silver bullet /100% concrete findings here, other than GM do present as a credible organization that is run by seemingly honest people who are trying to make a difference for others and for themselves.
Whereas, most HYIPS are hidden away somewhere and one never ever gets to know who is behind the program or even where they are located. With GM this is totally different. They ARE a real company where I have copies of positive photo ID of the administrators.
On Friday 28 January 2005, I visited the offices of Aussie Mutual Pty Ltd www.aussiemutual.com.au with a view to gaining a better understanding of Global Mutual as an organization, which is owned by Gordon Doherty and administered by Gus Nehme.
Global Mutual, a High Yield Investment Program (HYIP) www.global-mutual.com is a Limited Liability Company which is registered in Panama and is administrated by Gordon Mark Doherty and Gus Nehme, both Australian citizens and both committed Christians. Gordon was born in the suburb of Manly in New South Wales, Australia (as indicated on his passport) and Gus hails originally from Lebanon. He is fluent in Arabic, French and English and has a Masters degree in Business Administration (MBA). Gordon has for most of his life been involved in Finance; however he spent time as a Missionary, then as Baptist Minister before returning to the Finance business.
I arrived at the offices of Aussie Mutual, which are located in a smart looking two storey building located at Suite 1/167 Magowar Road Girraween NSW 2145 Australia at a bout 10.30am. The offices are shared with another organization called eBancTrade www.ebanctrade.com, where there is some association. I suggest questions around this be directed to Gus or Gordon.
On arrival I was greeted by Gordon and Gus and we had a cup of coffee and became acquainted. My initial impression was that they were friendly, sincere and seemed like regular honest guys.
left to right - Gus Nehme & Gordon M Doherty
Gordon told me that his goal for Global Mutual is to become a Global Bank - to amongst other things, attract other High Yield Investment Programs. The goal ultimately is to have eight branches around the world. Global Mutual is looking to raise capital to acquire these global banking licenses. Their strategy was to first create a virtual presence which they did some time back with their program, Gold At The end of The Universe which eventually became Golden Universe, which is now Global Mutual. The Finance license will be obtained in Panama with Branches to follow in USA and then the United Kingdom. Every Nation has its own legal requirements, and it takes time to work out the best way to create a branch presence in each new country.
I am under non disclosure, but I am allowed to say that the bank\'s activities will be related to Venture Capital for small business, Shares and Stock Trading, FOREX and Capital Real Estate works.
However, Global Mutual currently DOES NOT trade FOREX. It has three traders who trade solely stocks and shares. They have a Technical Analyst, a Fundamentals Analyst and the third trader is a mixture of both in terms of his dealings.
The traders are active on the Australian Stock Exchange as well as the NYSE and the NASDAQ.
They trade three types of stocks
1.Short term money market - 1 day to 2 weeks
2.Medium Term - 2 weeks to 2 months
3.Long term Trades - anything from 2 to 12 months.
Their initial focus however, is on the short term money market.
Gordon made it very clear that Global Mutual was still very much in startup phase and they currently have 450 members with approximately US$100,000 in managed Venture Capital funds.
The interest paid to members are based on Standard Variable Rates which fluctuate based on trading performance. Investors have to invest a minimum of $1 in the Daily Max fund. This a membership fee which Gordon indicated will increase to $10 in the future. Once they have invested in the Daily Max fund, they can then invest elsewhere in the program.
Gordon made it clear that he wanted to make it possible for anybody to become a member. He indicated that he had lived in various Asian countries, mostly in Bangkok and had as he put it, he had "not lived in splendor". I got the impression that he genuinely does want to help people. He stressed that he and Gus are passionate about helping battlers.
You will seldom find the admin of a HYIP willing to sit
across the table and answer any question.
The more volatile accounts have 100% compounding set, whilst the major accounts such as VIP $5,000 have only 1% compounding.
Profit is derived through the following (more detail is available on the Global Mutual website.):
a.Trading as indicated above
b.Aussie Mutual: A US$5000 investment gets one $150,000USD shares sold and paid on Aussie Mutual float, andis paid 5% per month. Funds are deployed as required in Aussie Mutual as venture capital.
c.Southern Cross Olive Grove, another venture capital Australian agricultural initiative which offers the same return as Aussie Mutual i.e. 5% per month. This company will return more significant profits at the 5 year mark.
d.Australian Portfolio Wines, where Global Mutual is according to Gordon, "a revolving door" because GM does not have its own liquor license. This is where one can invest in wines where they are held in laboratory controlled conditions in cellars before going to auction. You actually own the wines. You can even store them yourself according to Gordon. This investment, is quoted as accumulating profit until auctioned at 10-365% GROSS. After three years the wines go to auction and you obtain the profit from the auction. Gordon indicated the returns are after three years sometimes as high as 360%.
Gordon mentioned that the reason for setting up in Panama was, according to him, "though ignorance".
He said they wanted to do everything legal and above board, so they went for the least restrictive option and are finding their way to ensure they do the right thing in terms of the Australian tax and legal system which is highly regulated and monitored by various government entities
During the visit, I took many photos of Gordon and Gus in their offices. Gus is at this stage a sleeping partner, but is in effect the operations manager of Global Mutual as well.
Subsequent to the visit, Gordon supplied a scanned copy of the Global Mutual Certificate of Incorporation as well as a copy of his Drivers Licence. In the world of HYIP investing this degree of visibility is indeed unprecedented.
During the actual visit, I was also shown the following documents:
1.The National Australia Bank Aussie Mutual Check Book
2.I was supplied a photocopy of Gordon\'s passport which is in my possession.
3.I was supplied a photocopy of Gordon\'s Drivers License which is in my possession.
4.I was supplied a photocopy of Gordon\'s Medicare card. (The Australian public health card all citizens receive.)
Interestingly, when I mentioned my new found interest in arbitrage betting to Gus and Gordon, they indicated that their religious beliefs did not permit them to gamble.
Gus also showed me some of the products sold in the eBancTrade warehouse. This ranges from leather lounge suites to building supplies to crystal glassware. I took photos of the showroom and the warehouse as well.
I came away from the meeting with Gus and Gordon having a confident feeling about the future of Global Mutual.
In terms of understanding the risk in investing in GM, Gus indicated to me this morning over the phone that any questions should be posted in the HI forum and admin will answer them. He did however mention that they are working on some really exciting concepts, which GM admin will discuss with investors nearer the time. Some of these are actually now on the GM website, since my meeting with Gus and Gordon, in ionvestment options and risk profiles / returns.
Gus, an MBA graduate with vast business experience struck me as
a very capable manager.
I will be investing with GM as soon as I free up some funds.
You can locate Global Mutual at www.global-mutual.com
You can ask further questions directly to Global Mutual Admin or you can post them in the forum at www.hyipdiscussion.com
Finally, just to say, to the ignorant / uninformed folk who shout "genuine authentic opportunity" or "scammers" - when it comes to GM, I say the following (from an informed perspective):
First of all Australia is a well governed and highly regulated country where scammers are not tolerated in any shape or form. They may be in other parts of the world, but certainly not in Australia. Yes, GM is registered in Panama, but it is essentially the two men in these photograpghs who are behind it, and we know who they are and we know where to find them.
Secondly, the degree of openness that has been displayed, leads me to conclude that this an honest program run by honest people. Could you still lose your money? I think that depends on the risk profile within the GM investment portfolio that you assume.
I believe the next step in the DD process for GM would be for the Admin to actually spell out the specific risk to investors so they know exactly a best and a worse case scenario in each investment opportunity.
It would also be nice if there were some kinds of guarantees in some cases.
I do not think this will be a problem because everything we have asked of Gordon and Gus thus far, they have produced.
Where else will you get all of this? No other program that I know of will give you ALL of this.
I trust you have found some of this information useful.
Sincerely
Derrik Opperman
HYIPinvestment note: If you want to find out more contact Derrik directly on hyipdiscussion.com. Derrik, thank you very much for this great report.