Hi moo
Thanks for picking this up. I have looked back at what was posted before, and there are some sensible posts in there. As always WWW provides some good thoughts.
Here are my thoughts for general consumption:
Malgus is not a scam, and indeed a very small handful of people have graduated from the malgus scheme with a 100% sponsored fATPL. I know both these facts because I have been through the selection process, and I have also met the graduates, although they hadn't graduated then.
However, I would urge anyone to think very carefully before handing over any cash for the malgus scheme, and consider the following.
Malgus does not offer sponsorships, save for the very very few it funded as a marketing exercise to get the company on the map in the early days. Call it part of the startup cost. Malgus acts as an agent to negotiate discounts with FTOs and introduce you to a bank. Training contracts remain between you and the FTO, and loan agreements remain between you and the bank. The aptitude testing will give you an indication of your ability to pass selection tests for a training course, but little more - certainly no guarantee of an interview or a job after graduation.
If you don't mind paying at least £150 for this service, then great. But the truth is that there is nothing on offer here which you cannot arrange for yourself for free. Just talk to the FTOs and your bank directly, and shop around for the deal that suits you best.
Finally, remember one of the malgus graduates is on this forum stating he doesn't yet have a job, and please, please, please ask the FTOs directly why they aren't all accepting Malgus candidates.
Best of luck all.