Timeline for Invest money and get 120% back - a site says
Current License: CC BY-SA 3.0
22 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 31, 2023 at 2:26 | comment | added | David Schwartz | One quick way to see that this is impossible is to observe that if it was true, the people offering it would have to be both the best money managers in the world (to be smart enough to make enough money to pay people those returns) and the worst money managers in the world (to be dumb enough to borrow money from you at rates much higher than even those of payday loans and credit card cash advances). | |
| Jun 16, 2020 at 10:49 | history | edited | CommunityBot |
Commonmark migration
|
|
| Feb 13, 2018 at 18:48 | comment | added | GWR | Watch just about any episode of American Greed and you will fully understand what is taking place. | |
| Nov 23, 2016 at 18:37 | comment | added | SMeznaric | I meant how many times as in if you keep investing how many times you have to repeat until they keep your money. Maybe until you put in a larger amount, then they run away with it. It would be interesting to find out. However, since they have a minimum "investment" you can't find out without a risk to your own wallet unfortunately. | |
| Nov 23, 2016 at 18:33 | comment | added | ForceBru | @SMeznaric, it's impossible to invest the money that's been given to you (which looks very odd). You only can withdraw all of them and deposit again. Also, the minimum deposit amount is 100, so I can't deposit 20. BTW, I know how many times they pay - once per 24 hours. | |
| Nov 23, 2016 at 18:29 | comment | added | SMeznaric | Here is what you could try: Now that you've made $20 you could put $20 back into the site and see if you can find out how many times they pay you (using only the money that they paid you thus at no risk to your wallet). I like your investigative spirit. | |
| Nov 22, 2016 at 21:53 | comment | added | ForceBru | @BenMiller, here I am with the update! Please see the edit. | |
| Nov 22, 2016 at 21:52 | history | edited | ForceBru | CC BY-SA 3.0 |
added 583 characters in body
|
| Nov 22, 2016 at 16:45 | comment | added | Fattie | The simple answer to your question is, AT FIRST they keep paying out. They gets more and more people to "jump in". Eventually they simply STOP paying out and keep all the money. Makes sense? It's just called either "a ponzi scheme" or "government". | |
| Nov 22, 2016 at 3:54 | answer | added | Dheer | timeline score: 3 | |
| Nov 21, 2016 at 20:14 | comment | added | user1731 | You might want to visit ethanvanderbuilt.com to see how scams similar to this work. It can sometimes be amusing to use a credit card to fund such scams and file a chargeback later, but all the really good scammers are aware of this trick and prohibit credit cards. | |
| Nov 21, 2016 at 18:23 | comment | added | Grade 'Eh' Bacon | If you invested $100 for a year, earning 20% returns every day, you would have 6 million trillion trillion dollars by the end of the year. that's $6,637,026,647,624,450,000,000,000,000,000. that number doesn't even make sense. It's more money than exists on earth. So why would they need your $100? | |
| Nov 21, 2016 at 18:21 | answer | added | not-nick | timeline score: 5 | |
| Nov 21, 2016 at 18:13 | answer | added | Grade 'Eh' Bacon | timeline score: 18 | |
| Nov 21, 2016 at 18:01 | comment | added | jamesqf | I don't suppose they're run by Bernie Madoff? | |
| Nov 21, 2016 at 17:25 | comment | added | AndyT | Possible options: 1. Ponzi scheme (seems unlikely for returning money after 24 hrs), 2. They run it as advertised for a few days, giving the 1.2 times deposit back to people who test with small amounts; then when they have plenty of people who've found it worked and have therefore tried with larger amounts, they then cut the scheme and run with the profits. 3. They just never give back the 1.2 times deposit: all the people who say it worked have been paid $5 for giving it a positive review and haven't actually tried it themselves. | |
| Nov 21, 2016 at 17:23 | answer | added | Tom Hughes | timeline score: 8 | |
| Nov 21, 2016 at 17:16 | comment | added | DumbCoder | If it was that true, why wouldn't the company do it themselves then and tell you their secret ? | |
| Nov 21, 2016 at 16:49 | comment | added | Ben Miller | I think you answered the "Why would anyone trust them" question yourself. You are "pretty sure" that it is a scam, and yet you gave them money anyway, because of the claims. Please come back here tomorrow and update us with your results. | |
| Nov 21, 2016 at 16:44 | history | edited | ForceBru | CC BY-SA 3.0 |
added 109 characters in body; added 57 characters in body; added 19 characters in body
|
| Nov 21, 2016 at 16:41 | review | First posts | |||
| Nov 21, 2016 at 16:41 | |||||
| Nov 21, 2016 at 16:37 | history | asked | ForceBru | CC BY-SA 3.0 |