#### raphaell

##### Private

After watching a bitcoin documentary I noticed a bunch of people in the comments were sharing their positive experience with a Mr. David Edwards.
I got his contact information via whatsapp. It seems too good to be true but also much better well done than the previous scam I fell for (Rothschild and Wexler).

I am wondering if anyone has any experience with this site?

#### raphaell

##### Private
after reviewing their website using

Their website at least looks professionally done using various programming languages such as JS, PHP frameworks, APACHE, etc.

#### Pharaoh

##### Colonel
It's a scam. 100% pure and obvious scam.

Sure, the website says it's Copyright 2018. It could just as easily say Copyright 1846. The TradersAccolade.com domain name was first registered in August 2020.

The address on the website is "2065 BOSTON POST RD, LARCHMONT NY" Google it and go to Street View. It's a stand alone structure housing only 1 business, a branch of Wells Fargo bank.

Have you ever seen ANY real US financial institution not list regulators or registration numbers on its homepage? Go ahead and guess what's not on the homepage.

But, let's pretend all of the above was just a series of silly errors by a website designer and will soon be corrected. It's still an obvious scam.

Look at their lowest plan - 35% after 7 days. If you can do some basic math, you can see it's impossible.

Imagine putting \$300 into any investment that could produce weekly returns of 35%. Now, apply the most powerful force in the financial world, compound interest. To do this, you collect your weekly interest and immediately reinvest it.

Week 0. You have \$300.

Week 1. You have \$300 * 1.35 = \$405

Week 2. You have \$405 * 1.35 = \$546.75 = \$300 * 1.35 * 1.35 = 300 * 135^2

Why the extra 2 equations for Week 2? Simple, to allow us to have a simple formula instead of having to keep count while hitting "* 1.35" on the calculator over and over. As in:

Week X: 300 * 1.35^X = total at the end of that week.

So, let's do week 52, one year.

Week 52 = 300 * 1.35^52 = \$5,989,022 and change. Congratulations, you are a millionaire.

Week 104 = 300 * 1.35^104 = \$10,760,517,997,222,180

So, in 2 years, you would have over 10 QUADRILLION dollars.

By way of comparison, the US Federal government spent about 7.3 trillion in 2019 (less that 0.1% of the profit your \$300 is supposed to bring you.

TradersAccolade.com is a HYIP. It uses insane claims of returns to get people so focused on profits that they don't stop to think. A few HYIPs pay out at first to lure more people in, but the ones that pay this much generally don't even bother to make a single payment to anyone. Instead, they'll keep telling you how much you've made and try to get you to invest more and recruit others. It will all look like \$FREE MONEY\$, until you try to withdraw. Then you won't even get your original \$300 back.

Read this and you'll learn how to spot these kinds of scams:

Ponzi Schemes and HYIPS: Free Money Traps

#### raphaell

##### Private
Thank you for writing this.
I also noticed the wells fargo thing and I asked "David Edwards" on whatsapp if they are affiliated with wells fargo and his response was "yeah"

And then immediately he kept pushing which threw me off further.

I am very glad that I went with my gut here and declined.

Definite scam !

#### Pharaoh

##### Colonel
If you have a moment, you might look up the phone number of that branch of Wells Fargo. Let them know that there's an investment scam claiming to be inside their building.

#### crypto44

##### Recruit
HEY GUYS, BE CAREFUL ABOUT tradersaccolade.com. It's a SCAM. 100% PURE and OBVIOUS SCAM. I LOST MONEY on their site...

#### richardmarcus1509

##### Recruit

After watching a bitcoin documentary I noticed a bunch of people in the comments were sharing their positive experience with a Mr. David Edwards.
I got his contact information via whatsapp. It seems too good to be true but also much better well done than the previous scam I fell for (Rothschild and Wexler).

I am wondering if anyone has any experience with this site?
I think it is a scam and they dont have any regulation

#### Vasgupta

##### Corporal
It's a scam. 100% pure and obvious scam.

Sure, the website says it's Copyright 2018. It could just as easily say Copyright 1846. The TradersAccolade.com domain name was first registered in August 2020.

The address on the website is "2065 BOSTON POST RD, LARCHMONT NY" Google it and go to Street View. It's a stand alone structure housing only 1 business, a branch of Wells Fargo bank.

Have you ever seen ANY real US financial institution not list regulators or registration numbers on its homepage? Go ahead and guess what's not on the homepage.

But, let's pretend all of the above was just a series of silly errors by a website designer and will soon be corrected. It's still an obvious scam.

Look at their lowest plan - 35% after 7 days. If you can do some basic math, you can see it's impossible.

Imagine putting \$300 into any investment that could produce weekly returns of 35%. Now, apply the most powerful force in the financial world, compound interest. To do this, you collect your weekly interest and immediately reinvest it.

Week 0. You have \$300.

Week 1. You have \$300 * 1.35 = \$405

Week 2. You have \$405 * 1.35 = \$546.75 = \$300 * 1.35 * 1.35 = 300 * 135^2

Why the extra 2 equations for Week 2? Simple, to allow us to have a simple formula instead of having to keep count while hitting "* 1.35" on the calculator over and over. As in:

Week X: 300 * 1.35^X = total at the end of that week.

So, let's do week 52, one year.

Week 52 = 300 * 1.35^52 = \$5,989,022 and change. Congratulations, you are a millionaire.

Week 104 = 300 * 1.35^104 = \$10,760,517,997,222,180

So, in 2 years, you would have over 10 QUADRILLION dollars.

By way of comparison, the US Federal government spent about 7.3 trillion in 2019 (less that 0.1% of the profit your \$300 is supposed to bring you.

TradersAccolade.com is a HYIP. It uses insane claims of returns to get people so focused on profits that they don't stop to think. A few HYIPs pay out at first to lure more people in, but the ones that pay this much generally don't even bother to make a single payment to anyone. Instead, they'll keep telling you how much you've made and try to get you to invest more and recruit others. It will all look like \$FREE MONEY\$, until you try to withdraw. Then you won't even get your original \$300 back.

Read this and you'll learn how to spot these kinds of scams:

Ponzi Schemes and HYIPS: Free Money Traps
Very good analysis.

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