Scams
Pinoy Money Talk's collection of popular scam investment programs that fluorished in the past.
1. FRANCSWISS (www.francswiss.biz | www.francswiss.com | www.francswiss.us)
FrancSwiss offered a 4.5% return on a minimum investment of $1,000. By the first week of July 2007, the program had been officially declared a scam as related websites became inaccessible and investors stopped receiving payments.
Related reading:
2. PERFORMANCE INVESTMENTS PRODUCTS CORPORATION
PIPC is an online forex trading service that offered relatively higher yields on a minimum investment of US$40,000. Unlike other online investment scams, PIPC does not appear to be a Ponzi or pyramid scam. The program became embroiled in a scandal in July 2006 after its Singaporean owner went missing, allegedly taking with him majority of the company's funds.
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3. PHOENIXSURF (www.phoenixsurf.com)
PhoenixSurf was an "autosurf" program in 2006 that promised to pay 120% return on an investment in just 8 days.
Related reading:
4. 12DAILYPRO
Like PhoenixSurf, 12DailyPro was an "autosurf" program that started in 2005 and offered a 12% daily return on invested funds for 12 days.
Related reading:
- 12DailyPro: Overview of an Autosurf Program-turned-Scam
- 12DailyPro Receiver recovers $6M funds, hints at going after investors who made profit
- Stats of a Scam: 12DailyPro’s $500M stash & other figures
- 12DailyPro refunds FAQ
- 12DailyPro refund and chargeback notice from the receiver
- [Discussion Forum] HYIP: 12DailyPro
