Wales Kingdom Capital, an investment platform which specializes in the trading of the foreign exchange market, farming and real estates and has been around for twenty two months has been accused of defaulting on investors payment.
There was an interesting turn of events yesterday after investors stormed the company headquarters only to find out that it has been deserted with no human or gadget in sight. With rumors flying around that the CEO, pastor Daniel Wales and his team had fled out of the country.
The CEO of the company, Pastor Daniel Wales appeared on his Instagram live at around 10:30pm to give a situational report about the company. He confirmed that the company was indeed currently in a crisis but not one they cannot overcome. He debunked the rumors that he was no longer in the country, and although he didn’t provide enough proof to ascertain if he still was in the country, he asked for time from aggrieved investors to navigate this turbulent period.
He reiterated that he thinks the company deserves time considering the flawless services they have delivered in the past twenty-two months. And until them losing a considerable amount of money in the foreign exchange market, that affected their reserves and short term strategy, they have been paying investors a day before their due date.
He also ended the live video by saying investors should not invest the money they cannot afford to lose which is a considerable shift in mentality for the company. Up until yesterday, they had never mentioned this to investors.
Does nairainvest think Wales Kingdom Capital can navigate this turbulent period? We can’t be too certain, but what we would rather do is advise our readers to stay away from investing on this platform or with its affiliate marketers until there is a clear path towards refunding the owed capital and return on investment.
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