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

Investments

Asked by Anonymous

Asked on 04 Nov 2018

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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Answers (14)

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Sima Syahirah
Sima Syahirah
Level 2. Rookie
Updated 1d ago

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
Yap Kai Wan

27 Feb 2019

Anyone wants to buy a new car...I have a lease to buy car scheme. Interested may msg or whatsapp me.
Rani Osman
Rani Osman

1d ago

Thank You!
Jim Ng
Jim Ng
Level 5. Genius
Updated on 07 Jun 2019

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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Dan Din Don
Dan Din Don

30 Mar 2019

Yes. This a smart answer. Do a research 1st, not answer by saying it's a scam without proving any evidence...

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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Lee Chun Kiat
Lee Chun Kiat
Level 2. Rookie
Updated on 07 Jun 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
Jonathan Chia Guangrong

15 Jan 2019

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
Yixiong Chang
Yixiong Chang
Level 5. Genius
Answered on 04 Nov 2018

Yes it is a scam XD

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Hariz Arthur Maloy
Hariz Arthur Maloy

05 Nov 2018

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.
Dan Din Don
Dan Din Don

30 Mar 2019

Prove it it's a scam. Don't simply say it...
Muhd Farrid Mohd Nasir
Muhd Farrid Mohd Nasir
Level 1. Freshie
Updated 3w ago

Just because it is in the investor alert list it doesn’t prove anything. Manulife was once there when they applied an investment license. I went in on OCT 2018 and MAS put up the alert on Sept 2018. Now it is already Apr 2019 and I have received the monetary payout till Mar 2019. All of the money invested are well documented and all payout are given a payment invoice and also a paper contract with your investment. Plus all dividends are paid to you via bank transfers. All payments recorded. The company not only doing the day trading under FX Primus platform. They have a shipping and bunkering business with Oceanport which has offices in singapore and Hong Kong and they owned Ships. They have a car showroom under DJ Automobile in gambas . They have a F&B outlet Eaterz at Arab street. They have a logistics company under AA logistics. They have an Interior design comapny under Amiris the home decor. They have a financial literacy education arm under Impetus Academy and also a pomade business under beard zooka. The list is still expending. I am sure you all would have heard and seen videos of day traders earning millions a year from doing trades. This is exactly that. if you feel this is a scam up to you. But just dont smear without clear evidence. Btw you guys know that the banks are doing the same thing and giving you coverage of only $75000 for your money in the banks and they make like millions from you and give you peanuts as interest earned...

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Yap Kai Wan
Yap Kai Wan

01 May 2019

Hi Farrid....R u the guy I.met at Eaterz together with Nabil?
Wahidah Hassim Ida
Wahidah Hassim Ida

3w ago

They have hiccup on the payout for the past 2 months
Ck Chai
Ck Chai
Level 4. Prodigy
Updated 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
Level 6. Master
Updated on 07 Jun 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

1 comment

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Marina Marina
Question Poster

12 Jan 2019

Thanks so much for your insightful response.
Alan Kor
Alan Kor
Level 5. Genius
Answered on 10 Jan 2019

SCAM, period.

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

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Gabriel Lee
Gabriel Lee
Level 6. Master
Updated 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
Level 6. Master
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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Dan Din Don
Dan Din Don
Level 1. Freshie
Updated on 07 Jun 2019

I guess whoever say scam... Can u guys provide evidence that it's a scam or do u guys know what is e investment co do u return that much? Don't just simply said it's scam without any evidence. There is someone here had invested and said they had received their payout monthly. Cheers guys

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William Ng
William Ng

12 Apr 2019

Yes they gave monthly payout so that they have payment proof to refer more people. The person that refer them in will get commission and this thing goes on and on. At the end of the day when the company close down the one suffered most is the last person that invested.