July
19

Club-FX and my thoughts

Posted In: HYIPs, Ponzis by Jose

I don’t know if you read one article that I posted some time ago about what I considered a new strategy from scammers, please take your time to read it here

I don’t know if PeterB read my post to get the idea :( but I think that he is using the same strategy to scam all his investors.

It’s an intelligent method to scam people and be out of jail, and of course most of the investors will try to keep their mouths closed hoping to receive their funds, although they will not gain a profit with it.

So, a scammer can make profit with the funds of the investors while he is only returning the original deposit from time to time. And even he can be considered a hero saving the funds with some excuses without a proof: e-gold hacking, change in laws, SEC, etc…

If a scammer tells you one of these excuses please: TRY TO GET A PROOF!!, I am sure that these scammers will not show you a real proof of hacking or something like that. In this example with Club-FX, PeterB has not showed a real proof (and what he showed seems to be a false e-gold screenshot without more explanations) , he has not opened the Forex account in read-only mode to show all his investors some proof of trading or history in this bad situation: NOTHING.

Is it difficult to let the investors enter as read-only to see if he was getting 20% monthly as he was claiming or anything else?: NO

Perhaps it was only a bad Forex Trader who lost a lot of money and this is his solution to recover the funds. Who knows…

But… do you really think that he is telling the truth? ;)

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One Comment

Nice post Jose!

I agree with you completely. You CAN’T make a constant profit on the Forex market. I think Club FxTrader was a scam to begin with.

If someone lost the money, he should have AT LEAST shown some proves in respect to the investors, which Peter never did.

Promising a refund is a good way to scam people and it had worked in the past. It just leaves time to get away with the money to the scammer.