Ponzi scheme targeting crew - Beware - do not become a victim.
Join Date: Oct 2007
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Any investment offering more than 5% return must be a scam?! Is all your provident fund still held in cash funds..
...just the unregulated ones run from 3rd world countries.
Can I interest anyone in applying online to my Nigerian investment strategy? No takers? I only ask 20k USD and I'll show a bunch of my 21-year-old friends who pulled 1500 USD since they joined 3 months ago. MUST be genuine.
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Yorkshire Pudding
A 5% return is nothing exceptional, However, it is if you're using that % figure per month! That's a 60% return per year. This fly by night scam outfit are offering 9% per month and are validating this claim by paying out to those early 'investors' for either reinvestment or to spread the word that this is a legitimate, regulated Company. It's been done like this time and time before which is why a minority of lucky individuals do actually manage to make money.
Around 30 years or so ago, I was a regular in my pub when a similar scheme was doing the rounds. So convincing was it, even one of my mates who was in CID (Police) invested. He made his money then did a second round, only this time the regulars in the pub had opened their eyes and the pool of future investors available to prop up the scam dried up. He too became quite aggressive towards the end when he realised his money was dependent on convincing others to join. The more he pushed it, the further people ran and, unsurprisingly, never recovered his money. I didn't join luckily, but that was my first experience of a ponzi scheme and this, Ladies and Gents, is no different. If I was an investor and convinced of the validity of this Company, I wouldn't be on here trying to disprove the negative comments. A Forex trade does not require a buy in like a ponzi scheme so why waste time trying to tell people otherwise. Just quietly invest each month as much money as you can and retire a multimillionaire in 3 years.
Unfortunately, there are a lot of very young, trusting and gullible people in this World. A community such as ours is rife for these scammers. Those that are vulnerable need to be warned. As someone has mentioned before, if it sounds too good to be true, it probably is. Very few people get rich quick, most get poor quicker.
Harry
A 5% return is nothing exceptional, However, it is if you're using that % figure per month! That's a 60% return per year. This fly by night scam outfit are offering 9% per month and are validating this claim by paying out to those early 'investors' for either reinvestment or to spread the word that this is a legitimate, regulated Company. It's been done like this time and time before which is why a minority of lucky individuals do actually manage to make money.
Around 30 years or so ago, I was a regular in my pub when a similar scheme was doing the rounds. So convincing was it, even one of my mates who was in CID (Police) invested. He made his money then did a second round, only this time the regulars in the pub had opened their eyes and the pool of future investors available to prop up the scam dried up. He too became quite aggressive towards the end when he realised his money was dependent on convincing others to join. The more he pushed it, the further people ran and, unsurprisingly, never recovered his money. I didn't join luckily, but that was my first experience of a ponzi scheme and this, Ladies and Gents, is no different. If I was an investor and convinced of the validity of this Company, I wouldn't be on here trying to disprove the negative comments. A Forex trade does not require a buy in like a ponzi scheme so why waste time trying to tell people otherwise. Just quietly invest each month as much money as you can and retire a multimillionaire in 3 years.
Unfortunately, there are a lot of very young, trusting and gullible people in this World. A community such as ours is rife for these scammers. Those that are vulnerable need to be warned. As someone has mentioned before, if it sounds too good to be true, it probably is. Very few people get rich quick, most get poor quicker.
Harry
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Yep flew with one of our Pursers who was raving about the scheme.
Infact he knew it was a Ponzi scheme... But his opinion is that they will keep it running until 2020 expo so thinks is he is protected for a few more years.
Like others have said, the problem I have is people realising they are at risk and then start trying to pull innocents into the scheme to cover themselves. Disgraceful.
Infact he knew it was a Ponzi scheme... But his opinion is that they will keep it running until 2020 expo so thinks is he is protected for a few more years.
Like others have said, the problem I have is people realising they are at risk and then start trying to pull innocents into the scheme to cover themselves. Disgraceful.
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skysx33 ,Michigan777flyer, Yorkshire_Pudding. A Shrewd*investor knows that timings is everything. Even more so for Ponzi scams.
Time is up for this Ponzi scheme. Cut any losses - if you can
To make money, you need to know when to sell. The window of opportunely to limit your exposure is closing.
Reporters that took down the Dubai MMA forex scam are now looking into this one.
Are you really willing to double down on this gamble?
Despair not, I am certain a similar investment scheme is just around the corner. You'll retire in no time....
Time is up for this Ponzi scheme. Cut any losses - if you can
To make money, you need to know when to sell. The window of opportunely to limit your exposure is closing.
Reporters that took down the Dubai MMA forex scam are now looking into this one.
Are you really willing to double down on this gamble?
Despair not, I am certain a similar investment scheme is just around the corner. You'll retire in no time....
Join Date: May 2003
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It seems like about half of the pilots I fly with are in this scheme, so I hate to think just how much money is involved, and if and when it collapses there's gonna be an awful lot of unhappy pilots!
Join Date: Jul 2013
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You are given access to the myFxbook stats – ANALYSE THEM!. There is 1, and only 1 account with an average investment of $50 000 ( = 2.5 investor/accounts), it is symbolic in nature. Your actual money is never invested in FX.
The reality is, out of all their customer funds (Millions of $ according to them – probably true) ONLY 1 FX trading ACCOUNT of $50000 exists – the one you have access to and see online. The “Master”
The reality is, out of all their customer funds (Millions of $ according to them – probably true) ONLY 1 FX trading ACCOUNT of $50000 exists – the one you have access to and see online. The “Master”
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Monthly returns on the Soros Quantum Fund less than 3% p.month
Soros shorts the UK pound in 1990s makes $1billion as UK trys to enter the ERM. Stanley Druckenmill Quantum fund partner makes 100s of millions by going long the German Mark at point of German Re-unification.These guys made less than 3% per month, yet they are giants of the industry and some folks are taken in by a 9% per month return being feasible. It's a joke right?
Soros shorts the UK pound in 1990s makes $1billion as UK trys to enter the ERM. Stanley Druckenmill Quantum fund partner makes 100s of millions by going long the German Mark at point of German Re-unification.These guys made less than 3% per month, yet they are giants of the industry and some folks are taken in by a 9% per month return being feasible. It's a joke right?
Join Date: Feb 2008
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You don't have to be young and gullible to be taken in by a Ponzi scheme. Bernie Madoff suckered in many ostensibly financially-aware people who should have known better. Its called greed, and there's nothing you can do to change it.
A very wise Captain who'd made lots of money, many years ago said to me that until you've got your first million secured, don't take risks. Thank you Captain Edwards of GF, it was good advice.
$20k is a lot of money to a G2. I fear there will be tears ahead.
7B
A very wise Captain who'd made lots of money, many years ago said to me that until you've got your first million secured, don't take risks. Thank you Captain Edwards of GF, it was good advice.
$20k is a lot of money to a G2. I fear there will be tears ahead.
7B
It's like this as I see it. No one seems to be bothered when it comes to reporting each other for taking 2 minutes of extra rest or the F/O wasn't wearing their tie or the Purser disrespected me.
So after saying "it's a ponzi scheme, google it" My give a f@ck factor is = 0
So after saying "it's a ponzi scheme, google it" My give a f@ck factor is = 0
Join Date: Apr 1999
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RISK is regarded part of investment not part of a SCAM
@ Michigan777flyer;
Risk is part of an investment.. when you are SCAMMING or Fraudulently dealing its not called RISK.. is a CRIMINAL ACT..
The message that the money is "invested" is a false one.. a LIE.. and those that 'benefit' from it, get money out of it should be made legally accountable for luring in new people on this false pretense.. but unfortunately they are not.
In my part of the world we know these not as Ponzi schemes but as Pyramid schemes..
Pointer..
Risk is part of an investment.. when you are SCAMMING or Fraudulently dealing its not called RISK.. is a CRIMINAL ACT..
The message that the money is "invested" is a false one.. a LIE.. and those that 'benefit' from it, get money out of it should be made legally accountable for luring in new people on this false pretense.. but unfortunately they are not.
In my part of the world we know these not as Ponzi schemes but as Pyramid schemes..
Pointer..
Join Date: Aug 2010
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You guys are missing the entire point........
To start.. I am not involved with this place at all....I have my savings safely somewhere else......but....
The point is the everyone has the right to do whatever and however they want with their money......so if you are saying that ``you should not lure people into this``........fine...but then you should not say TO DO IT or NOT TO DO IT.
Don`t just take one side and run with it......if you don`t like what this company does.....and until it does not affect you....then just mind your own business.
Simple as that.
If others want to talk about it, and spread the word, and get others involved that is their call, and not yours.
If you want to stop everyone from committing a crime.....then I would recommend you become a police officer, CID, or whatever you like.
But if you are so into stopping people committing crimes....why don`t you start with something easy and simple....like telling people not to brake the speed limit, or use their direction signals when changing lanes.....oh hang on....
Let me guess you do the same on the roads.....
To start.. I am not involved with this place at all....I have my savings safely somewhere else......but....
The point is the everyone has the right to do whatever and however they want with their money......so if you are saying that ``you should not lure people into this``........fine...but then you should not say TO DO IT or NOT TO DO IT.
Don`t just take one side and run with it......if you don`t like what this company does.....and until it does not affect you....then just mind your own business.
Simple as that.
If others want to talk about it, and spread the word, and get others involved that is their call, and not yours.
If you want to stop everyone from committing a crime.....then I would recommend you become a police officer, CID, or whatever you like.
But if you are so into stopping people committing crimes....why don`t you start with something easy and simple....like telling people not to brake the speed limit, or use their direction signals when changing lanes.....oh hang on....
Let me guess you do the same on the roads.....
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I am not telling them.....but rather pointing out....as they for some reason seem to have forgotten that everyone should and can make their own choices.....and don`t need to be told what to and what not to spend their money on.
That is all.....of course most of these guys are set in their ways for a very long time....so I am expecting anything new from them.
That is all.....of course most of these guys are set in their ways for a very long time....so I am expecting anything new from them.
...And one tool to help make choices is to listen to the opinions of others- the offering of which seems to make you uncomfortable.
No one is making anyone do or not do anything= they are offering opinions based on their own experiences.
How could you possibly have a problem with that?
No one is making anyone do or not do anything= they are offering opinions based on their own experiences.
How could you possibly have a problem with that?
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Well most comments on here are negative about this whole thing......with a couple exceptions of course.
So I am assuming that is the same explanation and opinion they would provide to anyone else they talk to about this.
But there is NO CONCRETE FACT to back up their statements/opinions.
That does make a pretty big difference.....maybe not?
So I am assuming that is the same explanation and opinion they would provide to anyone else they talk to about this.
But there is NO CONCRETE FACT to back up their statements/opinions.
That does make a pretty big difference.....maybe not?
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Like I have stated before.....I have made $15,000 in just 3 days with a single stock purchase and sale.........
Once I brake it down into a same $20,000 account amount........the profit would have been $1,500 in just 3 days....which is 7.5%......
When you take that into account that this was done in 3 days, and not a full month of 30 or 31 days.....does 9% sound that crazy to you per month?
Not to me.....
Last month alone (which I must add was an above average month for me) I gained (losses and gains together) an overall of 21.68% on my own....and my stock trading skills and knowledge is somewhat limited...
Once I brake it down into a same $20,000 account amount........the profit would have been $1,500 in just 3 days....which is 7.5%......
When you take that into account that this was done in 3 days, and not a full month of 30 or 31 days.....does 9% sound that crazy to you per month?
Not to me.....
Last month alone (which I must add was an above average month for me) I gained (losses and gains together) an overall of 21.68% on my own....and my stock trading skills and knowledge is somewhat limited...
Join Date: Sep 2006
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made a few 100k US in a few months but I was lucky and it was not guaranteed, thats a big difference, to guarantee 10% is a scam
you must be either from michigan or flying a 777 if you don't understand the difference
you must be either from michigan or flying a 777 if you don't understand the difference
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I do understand the difference.....
But do show me please where that company says for SURE you will get 10% or 9% per MONTH......
Because I looked at their website and I do NOT SEE THAT STATEMENT ANYWHERE.......it does say AVERAGE MONTHLY RETURNS.....there is a BIG DIFFERENCE in that.....
Once again just they way I read their words......
But do show me please where that company says for SURE you will get 10% or 9% per MONTH......
Because I looked at their website and I do NOT SEE THAT STATEMENT ANYWHERE.......it does say AVERAGE MONTHLY RETURNS.....there is a BIG DIFFERENCE in that.....
Once again just they way I read their words......