MPDW

MPDW has been downgraded to “Programs On Hold”. On March 14th they suddenly and arbitrarily decided to lock people’s principal for 6 months. While this is not unusual per se (Udachu also locks principal for 6 months), the way they go about making the change was very unprofessional. Unlike Udachu, people who joined the program did not do so under these terms. I for one would have probably taken a different path with the program if they had this 6 month lock period prior to my joining the program. With this sudden move to lock our principal, they are giving fodder to those that have been saying for months that they are a ponzi. I still do not share the view that they are a ponzi (at least not a 100% ponzi). I do not think it makes any sense for them to have traders (at least one confirmed) on board if they plan to run a ponzi scheme. This being said, I think they botched their handling of the earlier controversies. They could have easily stemmed the flow of withdrawals that followed by simply getting audited by a third party or showing all their members proof of trading. But instead chose to keep everything a secret.

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