SCAM ALERT 2: FX United Capital Guaranteed Auto Trading - CONTINUATION

This is continuation of  my previous blog on FX United scam: http://moneyburp.blogspot.com/2015/02/scam-alert-fx-united-capital-guaranteed.html

There have been many new evidence that FX United's Capital Guaranteed Auto Trading or CGAT is indeed a scam. Thanks to one of the reader, Anthony who commented in the blog. He made more research on it and it truly points out that FX United is a very dubious entity.

Here is his comment:

"Someone approached me with FX United and I did some research online. Here's my consolidated finding, included some points from this blog: 

1. Guarantee 12% monthly return is too good to be true. Why don't someone just take up a bank loan to do this? 

2. They claimed to be a NZ company, but seems like there's no NZ traffic to their website: http://www.statscrop.com/www/fxunited.com 

3. Check the website for contact details, company headquarter address at: 228, Queens Street, Central Business District, Auckland, New Zealand. If you do a google map search and look at the street view, it doesn't seems like an big office. Refer to: https://www.google.com.my/maps/@-36.8493196,174.7651942,3a,42.7y,136.4h,87.44t/data=!3m6!1e1!3m4!1sduQCzUDGAzS778khL1TVrQ!2e0!7i13312!8i6656!6m1!1e1?hl=en 

4. If you the number of company registered under the said address, you'll be suprised: http://www.coys.co.nz/search/?a=228+QUEEN+STREET+AUCKLAND 

5. Apparently the address made into the news few years ago: http://www.stuff.co.nz/business/money/6613134/RBNZ-issues-warning-over-Auckland-firm

6. And it's available for rental: https://www.bayleys.co.nz/Listing/Auckland/Auckland-City/Auckland-Central/1680909 "

So, let's dissect his points. The first point is pretty obvious. I have already mention about it so mnay times in my blog, yet many still believes in it. So, let's start from second point.

" 2. They claimed to be a NZ company, but seems like there's no NZ traffic to their website: http://www.statscrop.com/www/fxunited.com " 

I was surprised to see that vistors from Malaysia is the highest. We are 85.7% of total daily visitors to fxunited.com. Does that mean the scam is targeted to Malaysia? Could it be the scam initiator is a Malaysian or resides in Malaysia? FX United is being promoted like crazy in Malaysia and many have joined it. And as Anthony mentioned, why there are no traffics from New Zealand itself.
The most important thing is, when I wrote the first blog on FX United, if my memory is right, the address wasn't New Zealand. It was Australia. Can anyone verify this with me?

 "3. Check the website for contact details, company headquarter address at: 228, Queens Street, Central Business District, Auckland, New Zealand. If you do a google map search and look at the street view, it doesn't seems like an big office. Refer to: https://www.google.com.my/maps/@-36.8493196,174.7651942,3a,42.7y,136.4h,87.44t/data=!3m6!1e1!3m4!1sduQCzUDGAzS778khL1TVrQ!2e0!7i13312!8i6656!6m1!1e1?hl=en "

 That's the street view of FX United for you. Errr..Where is the front entrance? Oh, it's a staircase at the side. Isn't this supposed to be their headquarter? Well, it does look pretty small for a company which can give return of 12% a month. Maybe they prefer to be on low profile. Does it make sense. Here's a closer view.

Compare this with the image they are trying to potray on their website.

 That's totally different look, and do you know what building is that?

That looks familiar. It's the same building shown on FX United website. Here's another image.

The building is called the Bastion Tower, which is located at Brussel, Belgium. Yes, it's thousands of miles away from New Zealand. They were just using this image to show a false image about themself. No shame at all.

"4. If you the number of company registered under the said address, you'll be suprised: http://www.coys.co.nz/search/?a=228+QUEEN+STREET+AUCKLAND "

There have been or had been a total of 83 companies registered at that location. Out of this 83, 35 are registered and still active.
Why there have been so many company and still 35 companies resides at that location? Is FX United only occupying a cubicle to run their business. The next evidence by Anthony tells us the WHY.

"5. Apparently the address made into the news few years ago: http://www.stuff.co.nz/business/money/6613134/RBNZ-issues-warning-over-Auckland-firm"

 There are many shell companies registered there. There already been cases on such companies operating at the same location as FX United. Isn't it obvious that FX United is operating dubiously? It is a scam.

And wait.. it's available for rental. Any takers?
"6. And it's available for rental: https://www.bayleys.co.nz/Listing/Auckland/Auckland-City/Auckland-Central/1680909"

An entire floor is available. Hope it wasn't FX United moved out of this floor.

Okay, so out of 6 floors, half floor is confirmed vacant, one is occupied by Burger King and Skechers. That mean 4 and a half floor occupied by 33 companies (35 if include Burger King and Skechers. Not sure if they are in the list)

So, don't you all think, you all should be wary of FX United? If you still believe it's not a scam and real. Only God can save you.

I do have family and friends who have invested in FX United. I am worried for them. Some of them opened multiple accounts and invested up to the max. I hope they would be able to take out their without any loses before FX United shut down. Yet, thousands others still would lose their money.

Thanks a lot to Anthony for making this research and providing the evidence.

PLEASE UNDERSTAND HOW SCAM WORKS

Read some of this links. Ignorance is what makes people easy to get cheated. Knowledge is what will help you to identify them.

Please check this: SCAM 101: The Big Devil, Little Devils: Scammers at all scale to understand how people end up recruiting others even thou they knew it's a scam.

And this as well: 7 Things You Don't Know About Scam. 

I have a better investment opportunity. It can give guaranteed return of 20% per month and up to 1000% per year. Check this out to understand how scam works: POTENTIAL RETURN OF UP TO 1,000% - LOOKING FOR INVESTORS

POTENTIAL RETURN OF UP TO 1,000% - LOOKING FOR INVESTORS

I'm not kidding. I have a business which could give return between guaranteed 20% per month all the way up too 1,000% per year.

I just discovered an irresistable investment opportunity. It have the potential of getting guranteed 20% return per month.

Yes, no kidding. 20% per month with compounding interest, that's 290% per annum.

The best part is, if you are the primary investors, you can gain at least 1,000% per annum with no upper limit.

So, what is this amazing discovery which could give such return.

"PLEASE READ THE DISCLAIMER SOMEWHERE AT THE BOTTOM BEFORE YOU PROCEED TO INVEST IN IT"

It's the discovery of next generation energy source, C₁₈₈₈H₈₈₈O₈NS, or better known as the "SUPER COAL".

Why is this important? 40% of world's energy is generated by using coals. 69% of China's electricity comes from coals and 46% of electricity generated in the United States of America comes from coal. Every year, 8 billions of coals are used worldwide. And SUPER COAL is about to change the world's energy matrix.

Supercoal is more effecient and could produce energy 100 times the energy of a normal coal. This would help to reduce the overall cost of energy productions, by almost 80% of the cost. This was published in the Society of Energy Research & Development 2013 journal.

Super coal used to be very rare type of coal only, where for everyone 1,000,000 tonnes of coals mined, only 0.1 tonnes are super coal. Until recently, a huge deposit of Super Coal was found at Punjab, India. Yes, 90% of the coals are Super Coal.

So, all energy companies are rushing to use Super Coal instead of the normal coals. Even, the European Union is recommending the usage of Super Coal instead as it is more environmental friendly. Less carbon emission and footprint. The EU are in discussion to make it compulsary to use the Super Coal.

The good news is the Super Energy Pte Ltd (which I am part of it) have secured the Super Coal mining rights from the government of Punjab state and have leased the land for 20 years.

Here's the problem, we are short of fund and refused to collabrate with giant energy companies such as Shell and Chevron. As this giants would try to manipulate the markets and only the rich will get richer. Instead we would like to offer to the public to invest in us.

We are looking for 2 type of investor. The primary and secondary investors.

Primary Investors.

We will need an initial investment of USD 1 Million. This money will be mainly used for capital expenditures, such as mining machines and tools. This is where you will become our primary investors. The minimum investment for primary investors is USD 1 Million. Som we only need one primary investor. You, as the primary investor have the potential of earning 1,000% return in a year.

Secondary Investors.

Now, for the secondary investors, we need you for the day to day operational expenses in mining the supercoal. The cost of mining 1 tonne of Super Coal is USD 10. The minimum investment is USD 1,000. This will enable us  to mine 100 tonnes of Super Coal per month.

Yes, your money will be rolled back month to month as we already have buyers waiting for the Super Coal. So, we would be able to sell within a month. But, due to the extreme beaucratic nature of the India governement, we would be only able to release the profit once every 6 months. Your capital will be used to roll month to month mining and giving you at least 20% guaranteed return.

So, at the end of 6th month, you would be able to withdraw both your capital and profits of 120%. Or reinvest your money for 1 year which would give you an additional bonus of 20% at end of  every one year of investment.

You'll be a MILLIONAIRE within 5 YEARS!

You can also earn by introducing new members to invest with us. A very good incentives system has been created for bringing us new investments.

For each new members sign up under you, you'll get 25%. Yes, you'll get back 100% of your money just by signing up 4 people under you.

Not just that, you'll get 5% riding income up to 4 level depth not including the one under you.

Here's an example of potential earning from members recruitment:

(Click The Above Image To Enlarge)

Yes, you can earn thousand of US Dollar even passively whenver a new member joins under your network..

There are also another bonus called MEGA LEG BONUS. If one of your leg's total investment (not including re-investment) reach USD 100,000. We would reward you with USD 50,000. So, for every leg of USD 100,000, you will get USD 50,000. So, start bulding your network. Help your friends and family to build their network as well. Note: Terms and condition applies.

How we would be able to give such huge amount of returns? That's because the market price of Super Coal is USD 500 per tonne. The cost of producing it is only USD 10 per tonne, and that USD 10 is your money which you just invested. We still need to share the profits with our primary investors who trusted us to invest millions.

IT'S AN ONCE IN YOUR LIFETIME INVESTMENT OPPORTUNITY!!!

Special Note for Primary Investors! Secondary Investors, PLEASE DONT READ!

You, the primary investor, just between us, there's no such thing as Super Coal. But, I promise the return potential of 1000% or even more. Our share deal would be 70:30, where 70% is yours.
Here's how we are going to earn money. Please refer to the table below (Click it to enlarge).

The final profit we could earn from secondary investors are massive. We would be paying those returns of 120% every 6th month.

But, afraid not. There would be 4 type of secondary investors.

1. They'll let the money to roll. (We love this type of people)
2. They'll withdraw the profit and let the principal to roll.
3. They'll withdraw everything.
4. They'll top-up more money. (Another people we love the most)

About 70% belongs to the 1st and 4th category. After deducting those payments given to Type 2 and Type 3, we could still bag in a profit of USD 800 Million, with 70% profit sharing, that would mean USD 560,000,000 for you.

That's a pure profit of 5600% in 3 to 5 years.

We expect this business will run for 3 - 5 years before it folds down. Your initial investment of 10 Million Dollar will be used to cover the initial return which need to be paid to the secondary investors. There would be many sceptical investors. Once they could see the profits can be withdrawn, they will have more confidence in us and starts to invest more and recruit more members.

So, primary investors, let's play the game. Welcome aboard!

-------------------------------------------------

DISCLAIMER: The above article is written to show people how scam works and how they could pay you a lot and yet they scammers could make hundreds of millions and even billions of US Dollar (Or Ringgit). I'm not looking for any investors to execute the plan above.

In the above article or illustration, the first 350,000 people would have gotten back their earning as long they manage to withdraw their money. It's the last 1 Million people's money which would be lost forever.

Please read: Scam 101: Big Devil vs Little Devils (For better understanding how some of the 1st 350,000 so called investors are very selfish people.)

The above plan could in fact last much longer than 5 years by adjusting the returns. For example, the Madoff scam lasted for almost 18 years, because his rate of return was on about 20% per year. The above is 20% per month.

Please read: 7 Things You Don't Know About Scam to understand more about scam.

The reason I'm writing a lot about scam is because so many innocent people are being cheated. I have even seen a lady who earns less than RM 1,000 got cheated of her RM 5000 life saving because she trusted someone and joined such scam. For her, saving RM 5,000 is a huge task. He blood and sweat went together with her savings.

And of course, I wouldn't want those conman to get away with hundreds of million dollar. Or even billions.

This is one of such scam, FX United CGAT system. Please read this for more info: SCAM ALERT: FX United Capital Guaranteed Auto Trading (CGAT). Please don't fall to such things.

Think of WIN-WIN situations. Think of those millions who would lose their money.

I hope, my article would have open up some people's mind.

My only worries with this article is someone might get inspired to start a brand new scam. If you do, please make me your partner. :p Just Kidding!

SCAM 101: The Big Devil, Little Devils: Scammers at all scale

Hello Everyone. It have been quite sometimes since I posted something.
There have been many comments sent to me related to FXUnited and other Forex based scam. (http://moneyburp.blogspot.com/2015/02/scam-alert-fx-united-capital-guaranteed.html)
Some are furious about it, but many are aware what is going on. I'm glad that I managed to alert the public up to certain level. I'll reply those comments soon in the next  2 to 3 days. Before I do so, I would like warm up with some enlightenment on scam.

Let me introduce to you all, THE BIG BADASS DEVIL PONZI-PYRAMID diagram.

Huh..What is this all about? Who is this Big Badass Devil and the Little Devils?

Before I answer that, let me explain what I meant by Ponzi-Pyramid scam. It's actually a Ponzi scheme which is accelerated by adding a pyramid or MLM structure into it. This have existed for a very long time.


The Big Badass Devil
They are the main conmen, the syndicate, the scammers who starts the so called company to run their scam. Their intention is purely to grab all the money those innocent and/or greedy people willing to throw at them. They have no intention of creating a win-win business model. Well, they are the conmen.

Little Devils
So, who are this Little Devils? Sadly, they are the people who joins a scam by knowingly it is a scam.
Seriously, why would anybody in their sane mind do that?, you may ask. The reason is they just going to use the scam mechanism and earn as much money as they can by becoming among the first who join them. All they care is money. They'll find people to join in so that they can rip off all the money as quickly as they can before the scam mechanism shuts down. Thess people in my opinion are equivalent to the Big Badass Devil, except their gain are slightly smaller. They are not concerned about the innocent people who will be joining under them. All they see is money.

Just take note that, not all the people who joined a scam and recruits members are little devil. They could be some innocent people who didn't realized it's a scam.

Why people beleive this Little Devils? It's because of TRUST and HUMAN BONDING.

SCAM ALERT: TOOGLEADS!

ATTENTION!!! PONZI SCHEME DETECTED!!! DO NOT JOIN THEM!!!

This time they disguised themself as an advertisement portal, www.toogleads.com

You'll be paying only
- RM10 for 1 ad space (6 months)
- RM40 for 4 ad space (1 year)

So far, they look like a valid business model.

Here's where the scam shines through -

With every RM10, you'll be getting back RM1967.40 after 6 months, and...
With every RM40, you'll be getting back RM7869.60 after 1 years.

Thats's like 20,000% in 6 months and surprise it is still  20,000% in one year.
THIS IS DEFINITELY A SCAM!

WOW! Unbelievable! Many got attracted by this and bought a lot of ad lots.

Unfortunately, I found out this scam because my own father put in some money without my knowledge. Thank God, he didn't put in much money. But, money is still money and I don't want some conmen gaining out of this.

The thing is many people especially low income people and elderly people (including my father) didn't really know what is it about. They are being enticed by other member who are recruiting more people to join. WHY OTHERS ARE RECRUITING? It's because of this... More incentives

Now, now, now, don't get blinded by this money. Remember, it is still a SCAM.

Another thing to note is, many of the advertisement on the website, http://toogleads.com/web/home.php, contains more scams and betting websites.

REMEMBER! IF IT'S TOO GOOD TO BE TRUE, 99% IT IS A SCAM!!

You would find some representatives phone number on the webiste. I just feel sad for them, because they are definitely not the real conmen. They would be the scapegoat when the entire scam bust.

Hope people are more aware and don't get cheated so easily with all this scams in the future.

SCAM ALERT: FX United Capital Guaranteed Auto Trading (C.G.A.T)

UPDATE: There are new evidence thanks to Anthony, that shows FX United is a scam. Check out the new article here: http://moneyburp.blogspot.com/2016/02/scam-alert-2-fx-united-capital.html

ATTENTION!!! PONZI SCHEME DETECTED!!!

Please be aware of this scam which guarantees a return of between 12% to 20% returns per month.
Yes, there is a guaranteed minimum return of 12% per month. Not a year, it's a month. Which is ridiculuosly guaranteed return of 144% a year.
This is confirmed a scam. WHY?

1. They promise a minimum return of 12% a month. This is ridiculous!!
2. It's monthly, not yearly. Again ridiculuos!!
3. Why would anyone want to share those 12% with anyone. They could just take a huge bank loan or find a wealthy investor to invest with them and enjoy their life with it.
4. They have already suspended few countries from withdrawing their money.
Check this forum: http://www.forexpeacearmy.com/forex-forum/resolved-issues/31219-fxunited-com-scam-refused-release-our-funds-resolved.html
5. Sooner or later, I guarantee this. The governemnt will ban this website very soon.

Some of you may say that they have been paying very well for the past 2 years.
That's because, it's a megascale Ponzi scheme. WAKE UP! PEOPLE!

The are greddy people out there trying to get more people to get into this Capital Guaranteed Auto Trading. Why? Because of reveral program which again gives ridiculuos returns.

What if you have already "invested"?
Withdraw them as soon as possible.

UPDATE (3:00PM):
The scale of this scam is worrying. There are even Malaysian blogs which are claiming this is not a scam and there are previews schedule throughout the country. I just hope my blog will enlighthen people on this.

UPDATE (15/10/2015): 
Please check this: SCAM 101: The Big Devil, Little Devils: Scammers at all scale to understand how people end up recruiting others even thou they knew it's a scam.

And this as well: 7 Things You Don't Know About Scam. 

I have a better investment opportunity. It can give guaranteed return of 20% per month and up to 1000% per year. Check this out: POTENTIAL RETURN OF UP TO 1,000% - LOOKING FOR INVESTORS

7 THINGS YOU DON"T KNOW ABOUT SCAM!

Beware of the CON STARS.

I'm starting off with a topic on scams by the con men, I call them as con stars as they are really good at art of deception. I have come across many of them.
Why talk about scams in blog related to money and investment?
I'll tell you a secret. The number one secret to get rich and stay rich...

"WEALTH PRESERVATION"

In financial planning, there are 3 main element:

1. Wealth Accumulation
– This is where you grow your money.

2. Wealth Preservation
– You make sure your money won’t evaporate into thin air.

3. Wealth Distribution
– How do you pass over your wealth to your next generation without them wasting all your wealth?

So, wealth preservation is as important as growing your money.
Imagine, after you have accumulated money through savings or some investment, someone approach you. They claim they have a real good deal for a new business venture, investment or even trainings which can create passive income and you never have to work again. You spend or invest your hard earned money. After several months or even years, "Poof!" your money disappears without a trace.

So, here are my list of 7 things you don’t know about SCAMS...

# 1: Anything can be turned in scam.
Really? How is it possible? Let’s look at some of the scams I have come across.

• Water machines ( I have personally lost some money here)
• Mobile prepaid cards 
• Convert scanned images of a book into a word document
• Perfumes/Aromatherapy
• Travel
• Gold
• Oil/Gas
• Stones
• Chi Energy ( A "spiritual" con man transfer their accumulated chi to you for a price)
• Property/Real estates
• Coffee shop (MLM based coffee shop)
• Lucky draw
• MLM ( remember not all MLM)
• Investments
• Trainings
• Gambling
• Art/Paintings (This is the latest I came across. Please be wary)

# 2: A scam can be created legally
Yes. A lot of scams are created legally or to look legally correct. They may deliver the product, but eventually you won’t able to make money or they sold you a crappy stuff. Due to the way they word the contract you signed, it’s very difficult for you to get back the money. They are good at using the loopholes in the law to protect themselves.

# 3: A scam not necessarily gives extra ordinary income.
Who still remembers Bernard Madoff? He managed one of the largest hedge fund involving billions of dollar. They never promised very high returns. It only made a return between 16% to 23% per year consistently. Because the return look possible and not extravagant, many starts to believe in his fund. Those who invested into his fund are not just ordinary people. There were bankers, well known investors and other fund managers. In the end it collapsed. No one could tell it was just a huge PONZI scheme. Even the authorities couldn't tell. It was exposed because one of his son revealed it to the authority.

Bernard Madoff. You'll be remembered for the greatest Ponzi scheme ever.

# 4: The people working for a scam might not know they are working for a scam.
Many staff hired by scams are just like any other normal people working in any other normal companies. Even their salesman migth be thinking it's a legit company.

# 5: It’s difficult to differentiate between scammer and salesperson/picthers
Many technique deployed by scammers or con men are similar to good salesperson. Both are persuasive. Both knows who to use psychology to get you.

#6: Some are reputable public figures
Again, I'll mention Bernard Madoff. He was the NASDAQ Chairman. I have also met a Dato who claimed to be in Forex trading and very successful. He have written a book and looking forward to sell it and conduct some training on Forex trading.

But, guess what? He is successful in trading, using DEMO account, not a real live account using his own money.

#7: They used to be GOOD MEN
Huh?!? Good men! They might have started things with great ideas and intention. It might have been an idea which could make billions of dollar. So they get people to invest in them by promising great returns. But, something goes wrong and they couldn't make the money. They need to give the promised returns. Then, they start to devise plans by scamming people.

In fact, that's how the well known PONZI scheme started. Charles Ponzi, started with a great idea, which didn't turn up well as he planned, in the end he turned it into a scam. Btw, Charles Ponzi had been jailed for some offence before, so technically we can't call him good man.

Charles Ponzi (1920)

It does seems like a scary world out there. How do we avoid this while making money?
The answer is...

KNOWLEDGE...

not just any knowledge

THE RIGHT KNOWLEDGE

I'll talk about the RIGHT KNOWLEDGE somewhere in the future. That's all for now. Hope you all gain something out of this.