Through the course of this article, we will understand all about the Chinmark investment group and why this platform has recently crashed, carting away investors’ funds in the process.
With the dynamism of the financial market and the need for passive income generation, many investors and users in the financial market sought after various platforms and companies that helped them generate this passive revenue over time.
The Chinmark group is one such investment platform that promises investors maximum profit on their investment, assuring the security of users’ investments and assets and building a strong daily income generation system.
Given the recent happenings with the Chinmark investment group, where controversies regarding investors’ funds have been reported from various sources citing untrustworthiness and clarity on the part of Chinmark executives.
Investors in the financial market need to understand all there is to know about the Chinmark Investment Group to get some clarity regarding this investment group and the controversies trolling their platform in recent times.
What is Chinmark Group?
Chinmark Group is a major global company with subsidiaries that help relieve the stress of living and make a difference in people’s lives through their services. The company aims to provide excellent, high-quality, and quick service to customers while remaining transparent and growing the client base and international reputation.
The Chinmark Group was started in Nigeria and now has offices in Africa, New York, and even Asia.
The company claims to be a forward-thinking institution with the goal of building a dynamic administrative system dedicated to excellent transparency, clarity, and commitment in the business world.
Chinmark Group stands apart because of the services they provide to everybody and everyone while maintaining high levels of service delivery.
Chinmark Group, as a parent company, was founded with the goal of exceeding clients’ expectations in terms of service. The company boasts many subsidiaries, including Chinmark Homes, Chinmark Rides, Chinmark Medicals, Chinmark Farms, Logistics, Chinmark Foods services, and a few other major platforms playing key roles in the lives of individuals on the platform.
Who Is The C.E.O. Of Chinmark Group?
Dr. Marksman Chinedu Ijiomah is a self-made Nigerian billionaire and the founder and chairman of the Chinmark Group, a multinational industrial empire with operations across the globe.
Under the leadership of the founder of the platform, the company has adapted and created various sectors under one basic central foundation, making it easier for the company to attract investors and users from all aspects of life.
Some of the sectors in which the company has ventured into include Chinmark Homes and Shelters, the company’s fundamental pillar, which is the direct result of the Group’s ambition to become a geo-strategic leader in real estate and property development.
Other necessary fields that the company has diversified into include Medical Services, Transportation, Food Services, Agriculture, and courier services, all under the leadership of their leader and C.E.O. Dr. Marksman Chinedu Ijiomah.
What Does Chinmark Group Do?
The Chinmark Investment Group is notable for many important contributions to individuals and users on the platform, helping users generate passive income over time after making some investment on the financial platform.
Here are some of the uses of the Chinmark investment group:
- Creating high-quality mechanisms for income generation.
- Assisting all folks in increasing their wealth through investment.
- Providing hygienic food for the common man from the productive land
- Transporting citizens over the length and breadth of the country.
- Providing Soft loans to businesses to help them grow.
- Bringing vital services to the average person in the highest possible quality.
These are some of the uses of the Chinmark investment group, which they render to users and investors on the platform.
Is Chinmark Group Registered With S.E.C.?
Before the recent saga and controversy surrounding the Chinmark Investment Group, the Security and Exchange commission S.E.C. had pointed out that the Chinmark group is not in any way registered with the financial regulatory firm.
This failed to give many investors and users a clear red flag as regards the Chinmark group’s operation in various sectors of the financial market and all parts of the world.
The S.E.C. noted in a circular that it had been alerted to the actions of “an illegal operator FinAfrica Investment Limited,” which “pretended to be an investment firm that participates in business growth in commercial sectors of the economy and uses funds in entities under the Chinmark Group.”
FinAfrica Investment Limited and Chinmark Investment Group are not registered with the Commission, and the investment schemes advocated by these organizations are likewise not authorized by the S.E.C., according to the Commission.
5 Reasons Why Chinmark Investment Crashed
Despite pledging to settle its almost 5,000 investors on Saturday, Chinmark Group has failed to do so. The firm is said to be in possession of billions of naira in investor funds.
Chinmark Group Chief Executive Officer Marksman Chinedu Ijiomah pleaded for patience, vowing to pay the company’s investors. He continues to convince his associates that their money is safe, but a few facts contradict Ijiomah’s assurances.
Chinmark was criticized in the first few days of February for avoiding paying its investors.
On March 4, Chinmark Group issued a statement telling its partners that they would get their payments by March 19. Since the S.E.C. banned its bank accounts in December, the company claimed to be having some difficulties.
Chinmark also published this warning in a national newspaper, according to every post on its social page.
Investors and partners have been asked to assume that the corporation will reach the March 19 deadline. This remark was also made public to deter investors from believing rumors that the company’s assets were being lost.
Chinmark Investment Group failed to honor its agreement to pay all of its investors their debts on March 19. Instead, the business issued a new statement, stating that it had begun paying investors and urging them to be patient.
Major reasons why the Chinmark investment crashed:
- Unsecured platform, i.e., not safe and strong for investors to have a solid investment notwithstanding their rewards.
- A complex system of revenue generation, not easily understood by investors and users on the Chinmark investment group.
- Ponzi scheme mechanism of operation is commonly ignored by unseeming investors and users on the Chinmark platform.
- Incredibility on the part of the founders of the platform on paying investors and giving them the total profit generated from their investment on the Chinmark investment platform.
- Failure to outline user pay and profit as at when due, allowing doubts in the minds of its users and investors and violating its obligations to its investors.
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Why You Should Consider Investing In Cryptocurrency
The growth of cryptocurrency technology in the world of digital transactions has sky-rocketed so much that many companies consider crypto like Bitcoin a form of legal tender.
This simply goes to show the strength and potential of cryptocurrency going into the future. This has led to a flood of investors on this aspect of technology for transactions and exchanges.
Here are some necessary reasons why investors should seriously consider investing in cryptocurrency after the Chinmark investment group controversy and saga:
- From shipping and supply chain management to banking and healthcare, the blockchain technology that supports bitcoin and other cryptocurrencies has been lauded as a potential game-changer for various industries.
- Distributed ledgers can enable various sorts of economic activity by eliminating middlemen and trustworthy actors from computer networks.
- This potential makes digital currencies a high potential investment for those who believe in their future. Investing in crypto is an opportunity for people who believe in that potential to earn big returns while also helping the future of technology.
- Another major reason for investing in cryptocurrencies is the desire for a long-term, reliable store of value. Most cryptocurrencies, unlike regular money, have a finite supply that is managed by mathematical algorithms.
- This makes it highly impossible for any political or government body to decrease its value through inflation.
- Furthermore, because of the cryptographic structure of cryptocurrencies, a government entity cannot tax or confiscate tokens without the owner’s consent.
- One of the most striking and distinctive features of cryptocurrencies is that it also comes with a major risk. Due to the lack of a central middleman in cryptocurrency, the user is responsible for carefully storing the cryptographic keys that govern their blockchain address.
- Investors interested in exploring the digital currency field should be aware that a variety of particular security precautions are required. Even those precautions may not be enough to protect their holdings from hackers who are continually refining their methods.
The Benefits of Cryptocurrency You Should Know
The advantages of cryptocurrency in the world today cannot be over-emphasized, giving the versatility that crypto tokens present to their investors and users all over the world.
Here are some of the major benefits of cryptos:
- Speed of Transaction
- Cost of Transaction
- Complete Diversification.
With the Chinmark investment platform crash, many investors will be affected in the financial market. It is very much advisable for investors to do strong research on any type of platform they choose for their investment. This would help them avoid running into platforms like the Chinmark investment group, which leads to the loss of investors’ funds in the long run.
What are your thoughts on the crash of the Chinmark investment group, and why choose cryptocurrency for investment? Share your opinion and views using the comment section.
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