Asked by Anonymous

Is there any one year tenure investment that promises 204% returns?

I was informed of this particular co, Bill’s Finanze Corporation where they will invest the money for you and you can get monthly dividend. Please just tell me in the face if it is a scam

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  • Sima Syahirah
    Sima Syahirah
    1 Answers, 2 Upvotes
    Answered on 10 Jan 2019

    Hahah.no its not a scam.bcs you haven't seen the money in your bank account. That's why.🤣 My fil invested 20k USD and all he has to do is wait every end mth for his returns

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    • Yap Kai Wan
      I m in it for the last 10 months with bills finanze corporation and have received my returns and capital monthly since June 2018.
      18 Feb 2019
    • Yap Kai Wan
      Anyone wants to buy a new car...I have a lease to buy car scheme. Interested may msg or whatsapp me.
      4w ago
  • Jim Ng
    Jim Ng
    47 Answers, 120 Upvotes
    Answered on 05 Nov 2018

    I think to prevent future scams like these, do your due dilligence first.

    Perhaps a quick Google search on the background of the company will tell you a lot about whether it is legitimate or a scam.

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  • Yixiong Chang
    Yixiong Chang
    205 Answers, 269 Upvotes
    Answered on 04 Nov 2018

    Yes it is a scam XD

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  • Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent
    Top Contributor

    Top Contributor (Feb)

    378 Answers, 632 Upvotes
    Answered on 04 Nov 2018

    Scam.

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    • Question Poster
      Is there any articles pointing to this cos i think my father sort of invested in it and i need to get him out of it pronto!
      04 Nov 2018
    • Hariz Arthur Maloy
      No investment is a promise. Also this seems like a ponzi scheme structure. They pay you from your own investments and from others. Until they hit critical mass and leave.
      05 Nov 2018
  • Christopher Tan
    Christopher Tan, Executive Director at MoneyOwl Private limited
    49 Answers, 95 Upvotes
    Answered on 26 Jan 2019

    Dear anonymous, unfortunately, I have to agree with the rest of the participants here. I don't think this investment is legitimate. 204% in one year is way too high and likely to be a scam. Please be careful.

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  • Ck Chai
    Ck Chai
    84 Answers, 125 Upvotes
    Answered on 14 Jan 2019

    Scam!!!

    This sounds to go to be true! I was once scammed by a guaranteed 20% returns. Did my research online before investing but nothing negative can be found... send me updates on the returns etc but eventually? Lost all my money!!!

    204% Returns??? Never will I believe in this investment!

    There are so many red light indicators, pls do not anyhow get tempted by those verdict...

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  • Jonathan Chia Guangrong
    Jonathan Chia Guangrong, Fund Manager at JCG Fund
    Top Contributor

    Top Contributor (Feb)

    391 Answers, 552 Upvotes
    Answered on 12 Jan 2019

    Had a quick look on their website. Don't really look professional to be honest. Seems to be split into various 'businesses' like fx and crypto.. And they are also on MAS's investor alert list http://www.mas.gov.sg/IAL.aspx?sc_p=B. To be frank it's dubious to able to promise 204% returns a year. Doubt that there's any instrument out there can do this conservatively and yet create the same level of returns. I'll suggest getting out asap

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    • Question Poster
      Thanks so much for your insightful response.
      12 Jan 2019
  • Lee Chun Kiat
    Lee Chun Kiat
    15 Answers, 18 Upvotes
    Answered on 12 Jan 2019

    You are asking if an investment which promises to double your capital invested every single year is a scam?

    if this is not a scam, you won't see uncle/auntie lining up at nutc fair price to buy TOTO...

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    • Jonathan Chia Guangrong
      Actually doubling returns can be done (I did it last year for my portfolio). But promising it every year is dubious and raises up an immediate red flag
      15 Jan 2019
  • Alan Kor
    Alan Kor
    64 Answers, 104 Upvotes
    Answered on 10 Jan 2019

    SCAM, period.

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  • Gabriel Tham
    Gabriel Tham, Kenichi Tag Team Member at Tag Team
    Top Contributor

    Top Contributor (Feb)

    544 Answers, 918 Upvotes
    Answered on 05 Nov 2018

    totally a scam.....if so good we all become billionaires already

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  • Gabriel Lee
    Gabriel Lee
    366 Answers, 560 Upvotes
    Answered on 05 Nov 2018

    If it's too good to be true, it probably is, so please avoid.

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  • Yong Kah Hwee
    Yong Kah Hwee
    Top Contributor

    Top Contributor (Feb)

    531 Answers, 720 Upvotes
    Answered on 05 Nov 2018

    If it sounds too good to be true, then it is too good to be true. In this case, it sounds way too good to be true!

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