ManorTrust (manortrust.com) shut-down today. Actually it happened yesterday when Timothy Alexander sent all Manor Trust clients a letter saying mainly:
I am sorry to announce we are unable to continue Manor Trust.
The reasons are convincing as always and require our gracious understanding. In ManorTrust case we talk about stealing of $9000 right from LibertyReserve account of the project. Recall that ManorTrust was launched about 2 months ago offering 2.4-2.8% in 75 calendar days.
It is notable that before losing this $9000, ManorTrust administration held a customer acquisition campaign. They offered 5% bonus to all deposits from $250. That looks more than suspicious. Actually those campaigns are usually the signs of the program’s coming collapse. Thus we can’t take Timothy Alexander letter uniquely. And every investor will surely make his choice.
