Problem Another Sure Investment Gone Amuk

[Mike Lad]

Well done!

FPA, thanks for watching out for your members.

 

[Pharaoh]

The sad part is that some people invest large sums of money in these HYIP scams. If someone loses a couple hundred dollars, it's not that big of a deal, but some people lose tens of thousands of dollars on these.

People need to step back and think. If an investment really could pay 3% per day, why would they advertise it only on a website. If it was real, it would be all over the news. Everyone could just put in a little money and be set for life. All poverty in the world would be erased in a couple of years. The US government could put in a couple billion and solve the budget deficit.

If it sounds too good to be true, it isn't true.

 

[Pratomo]

Request Permission

Imoktrade looked like another safe and sure investment. The initial investment was guaranteed. The return ranged from 3.1% per day up to 5.1% per day.

For the record, the higher the return, the higher the risk. Anything paying 3.1% per day is going to be very risky. Any company offering returns this high and guaranteeing the principal has something seriously wrong. They even claimed that reeturns would be generated on weekends when markets were closed.

All of thism plus the way the website was structured pointed to one conclusion. Imoktrade is a HYIP. So far, every HYIP that the FPA has investigated has turned out to be a scam.

FPA member Natzmclean placed some money with them. She got a few small payouts for the first few days, then nothing else. There was no response to her emails, and none when Lt. Gerard tried to help her communicate with Imoktrade.

Originally, the FPA recommended caution dealing with HYIPS. Later, we recommended extreme caution. Now we would just like to recommend not placing any money with any HYIP ever.

Someday, we may go back to only recommending extreme caution. This will happen if someone can show us a HYIP with 2 or more years of consistent payouts and legitimate trading records showing how the money is earned. We don't think this will happen.

In our opinion, Imok has gone amuk. We consider it to be a scam.


Official scam finding against Imoktrade

Natzmclean's original complaint against Imoktrade

Article giving general warnings about HYIPS.

May I put this article in my blog at blogspot.com...?? i would like to warn other people out there to be careful about offer like this SCAM...

Thanks....and Keep up the Good Work FPA...you are our guardian angel in the jungle world of trading.....

 

[AsstModerator]

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