Scam news: 20 percent profit is DEFINITELY unreal, fake and is a scam
Stop labelling everything as an investment please
Do you know how does the business earn its profit? If you do not and you still put your money into the business, that is NOT an investment. That’s just a gamble.
Do you know what is really happening behind that online investment scheme you are about to invest which promises 2 percent return every month? 2 percent every month is 24 percent per year. That’s called CRAZY return yeah.
By the way, there is NO SUCH business which can promise 2 percent returns per month. If there were such businesses, it will NOT be offered to you because some billionaire would have already taken up all the shares. Unless of course you are also a billionaire but if you invested in such an amazing return scheme, you will soon lose your billionaire status.
Here is another scam where a retiree lost a total of RM730,000.
Article in thestar.com.my A 65-year-old retiree lost a total of RM730,000 after being duped into investing in a non-existent online investment scheme.
Pahang Police chief Datuk Seri Yahaya Othman said the woman was interested in joining the investment scheme offered via the Instagram application, which promised a 20% profit.
He said the woman then registered on to a investment website and transferred RM730,000 in 19 transactions to 14 different accounts from April 20 to June 9.
“The victim used all her savings and also borrowed money from her friends to invest. Initially, she managed to withdraw a profit of RM5,000, after which she could not access the website and the suspects also told her to deposit more money for the investment,” he said in a statement on Friday (Dec 29). Do read the news in full here: Article in thestar.com.my
Banks are paying us just 4 percent for Fixed Deposit, okay?
If banks are paying us 4 percent and they got to know some investment which could give them even 8 percent, they will gladly take your money and invest into that investment and then just give you back 4 percent. Since banks could easily invest billions if not hundreds of millions versus us who could just invest thousands, whom do you think will get to invest first? Be logical yeah.
If I am the one marketing such a scheme, I can easily sell to the banks
If I am the sales person for such an amazing investment, why would I sell to you who could buy just a few thousand or at maximum a few hundred thousand? I will pitch to the banks lah. One bank buys is better than me speaking and trying to convince to 1,000 investors yeah. This is why if we still get such an investment opportunity, something has to be wrong somewhere. Do not be greedy and you will not lose everything. Else, we will continue to have more of these sob, sad stories.
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