They claim to pay high interest on your investment but when one tries to withdraw the investment, one does not hear anything from them.
2007-06-12 18:56:57 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
i do not think ur link works... i guess they already got booted
2007-06-12 19:26:53 · answer #1 · answered by jannatul C 1 · 0⤊ 0⤋
Old as time ... they collect 'investments' and, wonder of wonder, they actually pay out extremely high Interest (by sending cheques) !
Suckers see the 'real' pay outs and either keep the money in or put in even more money - and since the first few suckers actually get payments they recommend all their friends etc.
What's happening (of course) is that the con-artists are turning around the first few 'investments' and sending them back out as 'interest' .. this fools the suckers into thinking it's real .. same principle as most cons of this type = they put down some 'bait' money to bring in the suckers and keep it going by returning some of the suckers OWN money back to them :-)
Of course once enough suckers have piled in, they stop paying out and start making excuses ... eventually it gets too hot when the suckers start to complain to the Police, or the word gets out and 'investments' stop coming in ... and that's when they disappear with the lot ...
2007-06-13 02:38:46 · answer #2 · answered by Steve B 7 · 1⤊ 0⤋
If you've had issues with a business, even an online one, please contact the Better Business Bureau in the area the company is located.
2007-06-13 02:03:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋