For as many years that can be remembered, Bahamians have been 'throwing' asues. Some claim their experiences have been good, with others declaring horror stories of how they were duped by certain asue holders, who refused to give them their money when it was time for them to get a 'draw.'
Despite its negative reports, asues have also been the source of great wealth for numerous citizens, who depend on them to achieve certain financial goals. One may even argue that the number of bad stories told about asues amount to the same as those told about the good. Nevertheless, one thing is certain, there exists a notable apprehension by most to join one.
Some person have stated that they would think twice about joining an asue, because they sensed it was not as safe as some believe it to be. In fact, a concerned resident expressed in a letter addressed to the editor of The Freeport News, that people ought to be aware of conniving, scheming crooks who are out there stealing the hard-earned money of others, and are able to do so in the form of holding 'bogus' asues.
The person claimed that these 'so called' asue holders deceive the public, by informing them that if they join, they have nothing to worry about because they will be presented with a contract that is supposed to protect their interests, should they not receive a draw for some reason.
However, what they don't tell you is that when a situation like that does take place, there is very little that can be done to recover your money, if the person responsible for giving the draw does not have the money, or is not able to produce any money to pay you back. You can only get your money back once the person is able to come up with it. This has been the case for a number of persons who have entered certain asue agreements.
It is, however, good to know that there have been cases in which persons involved in asues, who do not live up to the agreement, have been made by a court of law to give the owed funds back.
So much has been said about those who hold asues, but there are also those who join asues, get their draws and never pay the money back. This is not fair to other individuals who are waiting to get their draw. Furthermore, there are asue contracts out there that do hold in a court of law, once an attorney is called in to ensure the document becomes legal and binding.
This is by far one of the best ways to safeguard an asue. It is also good for those who are joining asues to investigate the people they are giving their money to. Don't just join one because you know the person. Wait and see if the asue contract is legal or will hold in a court of law, should certain parties fail to give you what you put into it.
So for asue holders and those who join asues, if you think that you can use this way of generating money to unconscionably do wrong to others, think again, because the long arm of the law will one day catch up with and grab you.
It is also hoped that legislation will one day be passed or amended concerning the holding of asues in the country.