I've been investing with Prosper since around 2009, and my ROI has always been around 10%. I recently logged in to my Roth IRA Prosper account, and found that my ROI had dipped to 7.62%. Upon inspection, an unusually large number of notes are listed with an amount of "other" and "debt sold". I checked the account last month and there were 9 accounts with that status, there are now 56!
What the hell is going on with Prosper? Did they get hit by a group of scammers? Is this legitimate loans that have defaulted because of the economy? If anyone else has an insight into this, please let me know in the comments.
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