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Not sure if anyone here might be familiar with the term "auto income generator," but it's a marketing gimmick where a person/website asks for an investment, sometimes as little as $1, and claims you'll be getting fast returns -- sometimes 200% within the next week I've heard.
As an example, one would claim to take $1 as an investment, and promise 6% returns daily, and 0.25% returns per hour -- better than stocks.
The claim is that all of the money they receive builds interest, and they then pour out more back.
There are very many sites like these online, and I've heard some people swear that they "work."
The idea is that you make a single deposit, and you're "set" -- money keeps coming in at a high return rate and your investment doubles, triples, and more -- supposedly seeming better than anything else.
My question is, does this really happen? I wouldn't give them a penny, but just wondering.