So Long RIOY
Filed Under Home Business | Posted on December 19, 2008
Yep it happened. Karl Green had to close down RIOY. It fell like a house of cards.
It was such a good program in so many ways and he was able to pay people for months. The problem was that he was largely invested in a very profitable private company that was recently sold and while in transition he was not able to withdraw funds and thus would not be able to pay people.
I think he did not see a way out. The monthly payments were really the draw and he had to shut it down so that he will be able to pay people in a few months. Everyone will get their investments back over time.
He is no Bernie Madoff though. Karl did the stand up thing and sent an email to everyone and is in the process of calling people to assess each individual situation. There was nothing else he could do.
At least with RIOY he had a good idea with hooking up with LHN and Maxegen. They are great health and wellness programs with the best payplans in the business. They are really worth checking out. You can learn more about Liberty Health Network here. Learn more about Maxegen and its matrix here.
I’m very sorry to see RIOY go because I had a lot of luck with this program. I’ve seen a nice profit for awhile but you have to move on. So sorry…….
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