I was told about this program from a friend, you give them cash ranging from 1500 to 7000 and in 16 months they pay off, student loans, cars, houses, etc
2006-11-13 01:09:35 · 7 answers · asked by chase1k 1 in Business & Finance ➔ Investing
Sounds like another SCAM job to me. some fools will fall for it though!!
2006-11-13 01:12:00 · answer #1 · answered by Tired Old Man 7 · 3⤊ 0⤋
This is almost certainly a scam. Think about it, investing $10000, at 10% annually would yeald only $1000 in interest. Most of the bills you mentioned are in the range of $10000 a year. If you've got something that would be from 100 to 200% interest per annum, everyone in their brother would invest. To pay off a house in 16 months means 100,000% interest.
2006-11-13 01:14:58 · answer #2 · answered by Radagast97 6 · 0⤊ 0⤋
You don't have the full story. Its actually about $5K per year dumped into some sort of whole life insurance policy. You do this for about 5 years before you get started. Then it has something to do with borrowing the money from yourself to pay off debts.
2006-11-13 01:38:58 · answer #3 · answered by BillyA 2 · 0⤊ 0⤋
Hi,
I think it's scam indeed. Of course theoretically is possible to make such income however practically it's impossible.
I'm forex trader and few times I personally made about 100% daily of my principal however after that were several loses so average were lower. And this was only few times.
If they make such big income why they need more investors? Just think about it
2006-11-13 01:26:28 · answer #4 · answered by VP 3 · 0⤊ 0⤋
I have heard of such claims I personnally have not looked into it myself but I suggest checking out the BBB the better buisness bureau to make sure they are legit
2006-11-13 01:18:25 · answer #5 · answered by glass_city_hustla 4 · 0⤊ 0⤋
one of the more frequently used scams is called the "ponzi" scheme. this is the typical way in which it works.....dont be a fool!
the adage, if it sounds too good to be true it usually is, sounds appropriate here
2006-11-13 01:18:34 · answer #6 · answered by mike 2 · 1⤊ 0⤋
sounds pretty much like scam to me ...
I wouldn't do it!!!
2006-11-13 01:17:40 · answer #7 · answered by Tina R 2 · 0⤊ 0⤋