Vertis was one of the first publicly known Secured Investment Contracts on the market in summer 2008. There were many emails going out about investing into Vertis and receiving a 181% on your return by June 2009. A number which given the recent turn of the economy is very high and unbelievable.
The Ad for the Vertis Secured Investment Contracts read something like this.
“If you buy Vertis Inc.’s stock, you have absolutely no idea what’s going to happen to your money over the next 12 months. Maybe it’ll go up. Maybe it’ll go down. It’s impossible for anyone to say with any real accuracy. There are just too many variables. But, on April 16, 2008, Vertis offered a “Secured Investment Contract” with the following scheduled payout:
Payment date: June 15, 2009
Scheduled Return: 227%
In the last few months since I first heard about these invesments, I don’t know if they company is making due on them, or how those who did invest in the secured investment contract for Vertis are making out. The company website is still live and active, which doesn’t say anything about the stability of the company.