Cashium owner says it's the "end of our business" - did you invest?

@Emvy548 (387)
India
November 16, 2010 1:21am CST
Paypal has frozen accounts of Cashium which may include thousands of dollars of investments by its members. The owner of Cashium in his message on the site says that he tried to "persuade" Paypal to release the accounts but that they just said "sorry". He also says even though he will be called a scammer, he is at ease now since he claims to have strained every nerve and then he finally admits that it is nightmare that he cannot handle! 95% of PTC sites turn into scams taking the hard-earned invested money of members with them. Cashium seemed to be a little different with an active forum and admin and grew by leaps and bounds. However, most members of Cashium have had access issues with Cashium for the past several weeks while it was struggling with load issues and claimed to be switching over to a new server. But alas, it was a case of too little too late! How many of you are members of Cashium and have you bought referrals or upgrades? The owner says that he will hand over to a new management - do you thing this move will be successful?
3 people like this
10 responses
@nainesh1 (1656)
• India
16 Nov 10
Luckily I didn't invested there but I lost $3.5 earnings there. I had 2 active referrals so it was a big loss for me . For me in which sites I had invested or thought of investing has turned in to a scam . Cashium is the third site for me after vipclix and palmbux that turned in to a scam or likely to be scam.
@nainesh1 (1656)
• India
17 Nov 10
I gave up on investing any site accept clixsense as I made $5 profit on my investment there.
• United States
17 Nov 10
I am member of Cashium. I never bought any upgrades or referrals. I was paid by this site. I am not yet quite ready to call Cashium a scam site. If Cashium does come under new ownership, they will be successful.
@Emvy548 (387)
• India
17 Nov 10
Good to be optimistic mouseattacks!
@cerebellum (3863)
• United States
17 Nov 10
I am not a member of Cashium and I am glad. From what I have heard most scam sites just disappear. At least the owner informed the members of the problems he was having. I only belong to two sites and I never invest anything in referrals or upgrades. I know you can earn more money if you do, but so many sites are scams, I believe that it is better to just avoid it.
@Emvy548 (387)
• India
17 Nov 10
Hi cerebellum - Yes true that the Cashium owner announced the problems to the world. He seems to be more of an extrovert than previous instances of scams! Let's see what he says next - or maybe it's time for him to disappear now :-).
• United States
17 Nov 10
I thought Chashium was going to be closed down for good, and all investors would loose there money. But as you pointed later in the message, the company is planning to hand over management. This would completely satiate most members, and new management might be smarter at detecting better consumers and gaining profits. Its a case of don't loose your money for people analyzing Cashium right now, and I don't think many people will join it as of now. Its popularity has tweaked to all time lows. Prospective beware owners beware of what you're investing in.
@louievill (28851)
• Philippines
17 Nov 10
I did not invest in Cashium, joined the site late after everybody was already promoting it but was able to cash out the first 2.00usd, and still had a long way to go to reach the next 4.00usd when it went down. I only managed to get 4 direct referrals for the site and only one of them was active lol, I'm really sorry for all those who invested and lost money on the site though.
@Emvy548 (387)
• India
17 Nov 10
Hey louievill - Good to know you cashed out your 2 dollars and had only direct referrals. You are much luckier than those who got themselves rented referrals and are now facing a huge disappointment.
16 Nov 10
im a member of cashium for only 1 month, luckily i didnt invest in that site... things have gone fishy in the last few days,firstly the site started to freeze and not loading ..after that they displayed message on its main page and its twitter page that they are on the way of moving to a new server ...And now something about a paypal problems,this somewhat similar to Upbux incident and i feel more than 80% the cashium is turning into a SCAM site ...too bad i didnt have the chance to cashout my hard earned 2$ XP .....
@Emvy548 (387)
• India
17 Nov 10
Well, treat it as a lesson learnt so that you can be once bitten twice shy! In future you may like to invest in sites that are at least six months old and are paying.
@BarBaraPrz (45430)
• St. Catharines, Ontario
16 Nov 10
I'm not a member (never even heard of Cashium) but wonder, if the money is in the account, why PayPal won't release it.
@rojishroy (600)
• India
16 Nov 10
It was a shocking news for me. I lost a lot of hard earned referrals and balances in Cashium. Fortunately for me I didn't invested there. I was planning to invest in rented referrals at cashium next month. The Cashium owner is trying to sell the website a new management. Well, it is our only hope. We can hope that Cashium will get a new owner and he will pay our cash.
@Emvy548 (387)
• India
16 Nov 10
Hi rojishroy - Thousands of members are hoping that a new management takes over and returns Cashium to its lost glory. The world waits and watches in the meantime!
@hushi22 (4928)
16 Nov 10
huhuhu....i was hoping for my first cashout there, but i guess i should forget cashium now. thanks for the post. i didnt know they had the new message. =)
@Emvy548 (387)
• India
17 Nov 10
Hi hushi22 - Yes, the message is posted on their message board which you can access by typing in the name of the site and slash message. The owner has clearly shifted responsibility of huge losses to its members by blaming Paypal and getting away from any blame.
• Bulgaria
16 Nov 10
I'm upset. I think that this site is serios! I have received payment there. I'm glad that I did'n invest my money.