Statement (as described by NJInc):

“NJInc immediately and directly pays their corporate assistance and the agreed third-party contributions to the beneficiary who confirms it once cleared via the CATs system. Clients pay their portion to the transfer agent as per the banking instructions, who then pays the recipient. This is verified via the NJInc funds received statement .”

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Rebuttal and Analysis​

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While NJInc provides a technical-sounding explanation of its payment and settlement process, the practical implementation raises serious concerns:

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• Lack of Independent Verification:

The entire flow of funds remains opaque. There is no third-party confirmation or regulatory oversight verifying where client funds are ultimately directed.

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• Transfer Agent Ambiguity:

The so-called transfer agent appears to act solely on NJInc’s instructions. This implies that the designated recipient of any funds could be any aapount or party of NJInc’s choosing, with no accountability or transparency for clients.

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• Absence of Trade Execution Evidence:

NJInc has never provided clients with verifiable documentation of actual stock purchases or the imposition of any real encumbrances. This undermines the credibility of their claim to facilitate legitimate investment operations.

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• Client Funds Held in NJInc's Name:

NJInc has stated that client funds are held in by various contracted banks in non-interest-bearing trust accounts registered under NJInc’s name. While trust accounts are a common practice in some sectors, this arrangement:

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• Obscures client visibility into fund movements,

• Prevents banks from sharing account details with victims,

• And grants NJInc complete unilateral control over the assets, with no built-in safeguards or disclosures.

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Conclusion:

The described settlement process is neither transparent nor verifiable. Clients have no means of confirming how their funds are handled, to whom they are ultimately sent, or whether any investments take place at all. The structure places excessive and unchecked control in the hands of NJInc, offering ample opportunity for fraudulent misuse.