Pharaoh, how does his behavior compare to other people in charge of Ponzis? I know what you’re saying, and I believe you, but my gut says he acts sincere. Tell me what to look for?
Are you familiar with the term "
con man"? In that sense,
con is not short for convict. Instead,
con is short for
confidence.
A
confidence man is a man (or woman) who gains your confidence in order to gain your money. Such a person has to appear to be very sincere. Think of how many politicians get elected over and over again by making promises of great reforms and improvements that are never implemented. These people seem very sincere, even if they have decades of broken promises. Yet, despite these pathetic records, they get voted for because they sound very sincere. Think of the tenderest and most romatic scenes in movies, where true love is finally confessed and returned by the other side. It's so sweet and sincere looking that it can bring tears to one's eyes, but it's really just acting, with a large crew standing just outside the camera's field of view.
So, what do a con man, a lying politician, and an award winning movie star have in common? Simple, they have the ability to draw you in and make you believe them. If they gave the impression of lying or being fake, they'd never be very successful.
For financial questions, you need to turn your emotions off. Look at the simple facts and look for clear, concise, and verifiable answers. And, most of all, look for warning flags and ask questions.
Regulators don't have time to oppress new successes. There are too many scams ruining people's lives that require attention. Claims that Texas and South Africa want to hurt MTI because it's too good of an investment are pathetic attempts to play on people's suspicions of "big government" and are backup up by nothing but
sincere claims by MTI employees and affiliates.
Stories shouldn't change. MTI claimed great profits at FX Choice using AI. Mirror Trading kept "proving" themselves with what they claimed were statements from FX Choice, until FX Choice told people that one of the statements posted in this thread was fake. FX Choice has confirmed that MTI's live account
lost money using manual trading.
Could FX Choice be lying? Its not impossible, but if it was, MTI's actions are inexplicable. Why did MTI keep bragging about FX Choice until FX Choice disavowed them? Why didn't MTI show some verifiable proof from FX Choice or any other broker? Why didn't MTI file defamation case against FX Choice? Why didn't MTI take the issue to FX Choice's regulator?
Then there's the whole risk-reward problem. Bernie Madoff lured people in with 10% per year and a claim of zero risk. That raised billions, because it was on the edge of being believable. Smarter Ponzis will mention a chance of risk, but brag about far bigger profits than Madoff promised and claim to have a vanishingly small number of bad trading days or weeks.
Yes, there can be relatively safe opportunities for big trading profits, but these are sporadic, not continuous over a span of many months or years. Anyone aware of such opportunities doesn't need to use MLM to get more money to execute the plan.
