This is a 10-year contract under which the company would lease the ATMs from me and maintain them. A. Don't let the promised high yield blind you to the high risk. The company putting together this deal basically wants to borrow money from you at a lower rate than it can get from a bank.
Similar deals are available with pay telephones and other types of equipment.
As you may be able to tell, I think most investors should stick with high-quality, plain vanilla stocks, bonds, mutual funds and CDs. As the Times has reported, Financial Federated and four people associated with the company have been indicted for fraud. Much of it bought luxury cars and boats, which have been seized by the government, and real estate, which is now protected by notices of federal claims against the property. The U.S. Attorney's Office declines to place a value on Financial Federated's assets, which makes it difficult to say how much investors might recover. Frederick Brandau, Financial Federated's founder, and Gary J. Pierce of CSI Ag Ltd., a company that acquired Financial Federated last summer.