I have invested in swisscash.net and I've received payment from my investment, as was promised by my swisscash contact. I have seen for myself the interest on my investment do as it was shown. I will soon be receiving another interest payment.
2007-03-04 12:02:47 · 5 answers · asked by checkthis_one 1 in Business & Finance ➔ Investing
To quote someone else's post...
"My impression is that they are a scam. They are not registered in Switzerland. See the links below:
Source(s):
http://www.worldlawdirect.com/article/1934/Swiss_Cash___Swiss_Mutual_Fund_1948_scam.html
http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1299 "
I'm surprised that you're posting everywhere... and that you haven't answered a single Yahoo! Answers question yet.
2007-03-04 12:48:31 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Apparently you believe that if you post this in enough places, you'll somehow prove you weren't scammed.
Many online HYIPs pay without fail at the initial stage. My 2 cents opinion is to do a deeper search and more thorough DD (due diligence). Their USA address is a virtual address. If you call their US contact number, you will always be asked to leave a message because the consultant is not available. And so far they did not return my call. Treat it as hyip where the early birds will most likely earn because they refer and because they are the ones that will be paid timely to gain more trust and attract more investors into the program/plan. 'Gamble' is the word to use here. At any point in time if they unplug, there goes your money. Back to HYIPs safety rules if you decide that you want to give a try: (1)Do not invest in an amount you cannot afford to loose (2) Get in early, get out fast - normally such HYIPs will not last more than 2 years. (3) Do not refer to people who are not high risk takers. And finally, all the best to you.
2007-03-04 20:28:00 · answer #2 · answered by Faye H 6 · 1⤊ 0⤋
This sounds like a Ponzi scheme--
You go out, offer high and guaranteed returns to an initial ground of investors, and then pay them off with the money from later investors (who are generally attracted when the earlier waves brag about the great investment they've found). These things inevitably collapse, and are highly illegal.
Remember if it sounds too good to be true it probably is. If someone offers you massive returns with no risk, it's probably a scam.
2007-03-04 20:58:54 · answer #3 · answered by Adam J 6 · 0⤊ 0⤋
I went to their website after hearing questions asked hear
And as far as I am concerned , it is just a multi-level marketing system
Very similar to "Ponzie" operation, very similar to chain letter, and I wouldn't have anything to do with them.
But you can spend your money anyway you want, I like a return on my investments.
MLM is illegal in some jurisdictions
2007-03-04 22:49:10 · answer #4 · answered by bob shark 7 · 0⤊ 0⤋
apparently there is no proof
2007-03-04 20:10:00 · answer #5 · answered by da 2 · 1⤊ 0⤋