Archive for the 'Frauds and Scams' Category

Scammers - 3, Investors – 0: The Fall of Legisi, SNGInvest and Capital Preservation Society

We are not going to rub it in or said we told you so. Really, we are not laughing at the duped “investors”, but feeling a bit saddened. How many times should one lose their money with some pie in the sky promises before one realizes that an online investment is too good [...]

AcmeInvestor, Another Online Investing Scam Clone

 
Is it just me or does the name AcmeInvestor.com conjures up thoughts of Wiley Coyote from the kid’s cartoon, “The Road Runner Show”? If I had not known any better, I would have thought that this site might have been the rebirth of the PIPS scam if the names were substituted.
Does the concept sound [...]

Swiss Mutual Fund: Illegal Investment Scam Banned in Three Countries

Investors are advised to be prudent in making any decisions on investing with a company called SwissCash and SwissMutualFund. Should you run across their sites online or get invited (referred) by current members of this investment to join them, please consider the facts in the next few paragraphs. There are many red flags [...]

TOS

1. AGREEMENT
This is an agreement (”Agreement”) between you and ONE WORLD INCOME (or, if applicable based on where you live, one of its affiliates) (”One World Income”). This Agreement governs your use of any Web site or Web page operated by ONE WORLD INCOME (each, a “ONE WORLD INCOME Web Site,” and collectively, the [...]

Archives

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Prime Bank Fraud

The birth of the HYIP scams seem to have started during the late 90s with programs such as “Omega” and “Destiny”. Many promises of high payouts in secretive bank debentures and “prime” bank investments. Most of these scam artists were eventually indicted and convicted for numerous charges, but came a little too late [...]