Does the SMFund.com really a fraud or legal website?

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SM Fund.com and others are banned already in the Philippines and most of them are eyed by the Government...

2007-09-23 16:11:24 · 3 answers · asked by hammer 1 in Business & Finance ➔ Investing

Sounds like a scam to me: http://www.inquirerbloggers.net/moneysmarts/2007/07/12/smfundcom-another-online-ponzi-scam-bites-the-dust/

2007-09-23 16:20:36 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋

A claim of 2% yield per day is a sign of a scam.

2007-09-23 23:23:54 · answer #2 · answered by Ted 7 · 0⤊ 0⤋

definitely a scam. why not try other means of investing? people who expect very high return on their money usually fall victims to scams.

2007-09-23 23:52:34 · answer #3 · answered by ted b 1 · 0⤊ 0⤋