• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
The DIY Doctor's Blog

Main navigation

      • All Projects
      • Brick, Block, Masonry and Concrete
      • Damp, Condensation, Rot and Woodworm
      • Doors, Windows and Conservatories
      • Electrical
      • Fencing, Decking, Paving and Patios
      • Floors, Walls, Ceilings and Lofts
      • Garages, Sheds and Outbuildings
      • Gardening and Landscaping
      • General Building, Self Build and Renovation
      • General Repairs and Cleaning
      • Green Living and Eco DIY
      • Ground, Foundations and Drainage
      • Heating, Central Heating and Boilers
      • Joinery and Carpentry
      • Materials, Fixings and Fixing
      • Painting, Decorating and Finishing
      • Planning Regs, Project Management and Safety
      • Plastering, Plasterboard and Rendering
      • Plumbing
      • Roofing and Gutters
      • Tiling and Tiles
      • Tools, Appliances and Access
      • DIY Tips
      • Bathroom DIY Videos
      • Decorating Videos
      • Green and Eco Friendly Videos
      • Kitchen Videos
      • Building Foundation Videos
      • Electrical Videos
      • Hand and Power Tools Videos
      • Plumbing Videos
      • Building Videos
      • Fitting Blinds Videos
      • Heating and Central Heating Videos
      • Security Videos
      • Carpentry and Woodworking Videos
      • Flooring Videos
      • Kitchen Videos
      • Damp and Damp Proofing Videos
      • Gardening Videos
      • Plastering and Drylining Videos
      • Find a Tradesman
      • Contract Download
      • Working With Tradesmen - Ultimate Guide
      • Home Improver Protection
      • Price Doctor
      • Tool Store
      • Book Store
      • Tool Reviews and Product Reviews
      • Blog
      • DIY Competitions
      • About DIY Doctor
      • What we do
      • Trade Shows and Exhibitions
      • Master Classes
      • Contact Us

Home > Blog > TRI-ENERGY and the big rip off

TRI-ENERGY and the big rip off

Posted on April 3, 2010 by DIY Doctor

An American Company, Tri-Energy have cashed in on the latest world-wide energy crisis band wagon. Using what is known as a “Ponzi-Scheme” (Similar to a pyramid scheme) they have reeled in investors by the gullible bucket load to hand over money which was purported to be used in opening and refurbishing coal mines laden with riches.

Tri-Energy in fact only had two mines, neither of which was capable of producing enough coal to even begin to return investments.

Using a series on “Millionaire Mind” seminars, Tri Energy and its directors took investors money promising big returns. Using a scheme first used to dramatic effect by Italian swindler Charles Ponzi in 1920, they collected millions from investors. Once a certain number of investors had deposited money, the first investors were paid out dividends. The “dividends” however came from the money later investors had put in. As more investors were duped, so the next on the list got paid out….Obviously a scheme which could not last for ever but certainly one which could pull in many millions for the first investors on the list…..The Directors of Tri-Energy Ltd.

The message here for DIY Doctor users is to be very careful about the thousands of investment schemes which will crop up in and around election time. All parties want to use energy as a political draw. All will claim an investment in the future. As a result of this there will be companies springing up all over the UK to take advantage of the incentives successive governments give to companies combating the huge UK energy demand.

Some of these companies (as history shows) will actually help, with inventions like the energy saving light bulbs.  Most however will just be skeleton companies who grab the grants and disappear. If you get6 offered a chance to invest in the new world of energy savings, please make your own savings safe first.


Signup for the DIY Doctor Newsletter

<< Next Post

DIY Doctor featured in Financial Times
DIY Doctor featured in Financial Times

Previous Post >>

A decline in DIY?
A decline in DIY?

Primary Sidebar

DIY Doctor deal of the week

Blue Groove Set:

Auger and flat bit 8 piece set

RRP Price: £68.04

Special Price: £29.15

Get it here now

See our other deals now!

Advertisments

Signup for our Newsletter

Keep up to date with our DIY projects, tips and latest deals

Sign Me Up!

Follow DIY Doctor

Follow DIY Doctor on Facebook
Follow DIY Doctor on Twitter
Follow DIY Doctor on YouTube
Follow DIY Doctor on Pinterest
Follow DIY Doctor on Tumblr

Blog Categories

Footer

DIY Doctor

Site Menu

  • About Us
  • Contact Us
  • Blog
  • Media/Press
  • Community Work
  • DIY Projects
  • DIY Videos
  • Superstore
  • DIY Tips
  • DIY Suppliers
  • UK DIY Forum
  • DIY Webinars

Other Stuff

  • Advertise
  • Competitions
  • T and C’s
  • Privacy Policy
  • Cookies
  • NHIC
  • Sitemap

DIY Doctor Social Channels

Follow us on Facebook
Follow us on Twitter
Follow us on YouTube
Follow us on Pinterest
Follow us on Tumblr

DIY Doctor are members of:

© DIY Doctor Ltd 2022 All Rights Reserved