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Geniusfunds is gone

Discussion in 'Scam Alerts' started by Stone, Mar 23, 2010.

  1. Stone

    Stone Recruit

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    Hello does anyone know anything about Geniusfunds from cypros that may have dissapared with lots of investors money ?
     
  2. Pharaoh

    Pharaoh Colonel

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    It's pretty simple. Payouts were heading in the direction of matching deposits, so the most likely explanation is that they grabbed the money and ran. Don't worry, they'll use that money to open more websites to lure in gullible investors, pay them some money to build a reputation, and repeat the process again and again.

    This article explains how they work:

    http://www.forexpeacearmy.com/forex...959-ponzi-schemes-hyips-free-money-traps.html

    Don't risk your money with HYIP scams. Find a real account manager or learn to trade for yourself.
     
  3. fxfrench

    fxfrench FXOpen AU Representative

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    Tell me when I am supposed to act surprised. HYIPS are all scams. How many times will people get suckered into these things before they realise it?
     

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