2007-06-15 22:17:08 · 4 answers · asked by manny 1 in Business & Finance ➔ Investing
Re: [YP] re: Beware of mutual fund scams!
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Yes you are very accurate in your assessment of such investment proposals. I share your general sentiments on said issue. I urge you and anyone else who may have fallen prey to such scams to report this to the Anti Money Laundering Council Secretariat, 5th Flr. EPDC Bldg. Central Bank of the Philippines.
On 6/11/07, edmund chiu
Lately, I have been approached by a few friends who have been inviting me to check out smfund and francswiss as a surefire way to earn a quick buck. For those who have not heard of these and similar supposedly very high yield "mutual funds", these sites give investors a very high yield of 4.5% a day provided you give them $1000 and entice downlines to invests also.
I am surprised that more and more people are being duped by these foreign scammers! You know why?
It is because of two reasons: GREED and APATHY.
I will not dispute that those that have invested are earning now. I will not also dispute that some people will swear that they have earned or already attained ROI already. I will not also dispute that some upper lines will even give a "downpayment for free" for their downline to invest.
What I would like to tell those who are pushing these "investments" is this.: YOU are being duped to be part of the SCAM! This is a classic example of a PONZI scam or pyramid scam. A few years ago, there was Multitel headed by a Ms. B and promoted by actresses, singers, and noted personalities was able to rob a stunning P10Billion pesos from her victims. This time, these new scams are targeting this time former celebrities, childrens of politicians, bank employees, etc. again as their spokespersons to gain other peoples trust.
So whats wrong with earning? NOTHING.
It is when you HURT others in process of WINNING is whats WRONG. When you hurt others, believe me that YOU WILL PAY THE CONSEQUENCES. It may not be direct, not now, not from those that where hurt but I assure you, it will come.
A lot of those who are earning now are inviting their friends, relatives, siblings and parents, clients to invest and be part of their downline. NOW IMAGINE THE CONSEQUENCE OF WHAT WILL HAPPEN if those websites where these scams are located suddenly turns off!
Why am I writing this and telling all of you this? For one, I would like to warn those who I know and those who I don't know to stop now before it gets worse. Secondly, I CANNOT and WILL NOT sit down while I see that we Filipinos are being duped by these foreign Scammers of our hard earned money! IMAGINE what happens to our economy if $1 Billion dollars is suddenly lost because of these scammers? How about a one day loss of US$10 billion?
Help me and pass this email around to your friends, families, acquantances, law enforcers, etc. Let us not be SCAMMED, be part of a SCAMMED, or let other be SCAMMED!
PEACE!
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2007-06-19 21:32:59 · answer #1 · answered by PLOK K 1 · 0⤊ 0⤋
If you have to ask this question on Yahoo Answers I'd suggest you run away from this company A/S/A/P.
2007-06-16 07:50:11 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋
cpt gerry barberan phil marines assigned fort bonifacio,makati city
2007-06-17 04:13:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
i would like to know also i have many friends that have invested in this company
2007-06-18 04:38:54 · answer #4 · answered by DL 3 · 0⤊ 0⤋