Warning: Eddie Hobbs Might ‘Loose’ Your Money
Eddie Hobbs was on the Late Late Show last night, plugging his latest scheme. Essentially, we all chip in and give his new company up to €250 million, they invest it in German and Portugese property, then after ten years they give us back any profits, less a management fee of up to €3-10 million for each director. In fairness, their brochure does outline some risks, including this one:
Warning: the underlying assets of Brendan Investments are highly leveraged and may be subject to sudden and large falls in value and you may loose the total value of your investment.
Well, call me over-cautious if you like, but I am not rushing to help give €250 million to a company whose brochure cannot even spell the word ‘lose’ correctly. If I did, I would be afraid that I was ‘loosing’ my mind as well as my money.