FrancSwiss

pare may $2,500 ako sa SMFUND ewallet ko. gusto ko sana e exchange ang 1000$ sa Francswiss at at another $1000 sa Global Amerika, ok lang if mag charge kayo basta hindi lang lalampas sa 50$ yung charge nyo. thanks.

Contact me as soon as posible at giobacareza2006@yahoo.com

Sir, it seems that the "payouts" are taken from new investor's pocket. Sounds like Ponzi. :)

http://money.cnn.com/2007/05/08/pf/legisi.moneymag/index.htm?postversion=2007050812

Same story with Legisi, which has gone "private" now.

You can earn on this type of "investments" if you play your cards right. Invest early and know when to quit. I would say, "invest" what you can only afford to lose. :)

NEW YORK (Money) -- Question: I'm a 60-year-old male with about three years until retirement. Someone at work recently recommended I put some money into a company called Legisi.com - not an investment, but a loan. I wonder if you are familiar with this. - Name Withheld, Bayside, N.Y.

Answer Guy had never heard of Legisi.com before your letter, and the company doesn't disclose a lot of information about itself on its Web site.

Looking for some answers? Send us your questions about investing. E-mail answer_guy@moneymail.com.

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But the little information that the company makes available is enough to make Answer Guy tell you this: Don't put any money into it. Please. Really. For the sake of your retirement.

Legisi, according to its Web site, is a company to which you can lend money in relatively small amounts (as little as $1,000 at a time), and which says it pays back at least 10 percent per month in interest. That's a whopping amount of money, especially in light of the fact that a high-yield corporate bond mutual fund currently yields only 7 percent per year.

So what's not to like about Legisi? Plenty. The problem is that such a return on this kind of loan seems too good to be true. Ask yourself: Why would a company need to pay that much in interest to borrow some cash? If any schmo can get a credit card charging 14 percent annual interest, why would a reasonable company operated by reasonable people want to pay lenders ten times that amount? And what is the company doing with the money anyway?

Answer Guy doesn't know, and Legisi isn't telling him. A.G. left several voice and e-mail messages last week for Legisi.com "boss" Greg McKnight, who - the Web site says - is based in Flint, Mich. But last Friday, his assistant said that McKnight, who had done interviews in the past that hadn't been well-received, wasn't interested in doing this one.

So A.G. sought the opinion of Joe Borg, director of the Alabama Securities Commission and president of the North American Securities Administrators Association, an organization of state and provincial securities regulators. After studying Legisi.com's Web site, Borg said, "This is suspicious, and I'd recommend any investor stay away from it." He adds, "It has signs of other organizations that have ended up being Ponzi or pyramid schemes."

A Ponzi or pyramid scheme is a type of fraud in which early investors enjoy magnificent returns - chiefly because they're paid off by money pouring in from subsequent investors who have heard about the serious cash that earlier investors are making. Eventually, the scheme always collapses and most investors lose everything.

So what do Legisi and known Ponzi schemes have in common, according to Borg?

• Legisi promises lofty returns. "They're offering ridiculously high interest rates that you cannot get in any legitimate market," said Borg.
• Legisi requests that people lend it money via the Web sites e-gold.com or e-Bullion.com, two Internet payment systems said to be backed by gold. Scammers in the past, said Borg, have requested alternate forms of payment in attempts to avoid mail fraud charges and to make money harder to trace. (On Tuesday, Legisi's Web site said it was "temporarily" not accepting funds from e-gold.)
• The parent company is said to be based on the Caribbean island of Nevis. Although there are legitimate businesses in Nevis, said Borg, to sell securities to a U.S. state resident they still must be licensed. Very few - if any - are, said Borg. "The safety net of securities regulation is not present off shore," said Borg.
• Legisi pays referral fees of 5 percent, but only to members who have invested their own money. "A lot of Ponzi and pyramid schemes will require you to be a member before you can get referral fees," said Borg. That gives people a greater incentive to keep the scams going, he said: "You're tied to the organization. Psychologically, you're part of the group."
• Legisi demands that account holders promise they are not an informant or associated with such government organizations as the IRS, FBI, CIA or "The Intelligence Services of Great Britain." Such requests, said Borg, are common to international "prime bank" and foreign currency exchange schemes. "It's done to psychologically intimidate folks into thinking they have some liability if they complain to authorities, under the theory they could be sued for damages," said Borg. "As a practical matter, that never happens."
• Legisi insists that members are not investing in the company, but lending money to it. That tactic has been used in the past, said Borg, by companies hoping to avoid securities regulation - not always successfully. "Even loan transactions can be securities, depending how they're done," Borg says.

Borg said that he would bring Legisi.com to the attention of Michigan securities regulators, and this week Answer Guy - pretty alarmed at the thought people would be investing their retirement savings in this thing - did the same thing, placing a call to the state's Office of Financial and Insurance Services.

Hey, maybe Legisi.com isn't like all those other companies that Borg alludes to. But ask yourself how much you're willing to pay to find out. 

SEC WARNING released today! Beware of Internet-Based Ponzi Investment Schemes

This is a SCAM!

Guide lang Po para sa mga na hook ng Francswiss

And what begin as small "investments" soon become BIG "investments" as your victims keep sending you back the money you sent them plus every spare dollar they can get their hands on. Lots of victims will actually max out their credit cards and go into debt to keep sending you more and more money! When you get a few hundred thousand dollars ahead... you simply shut down the website and vanish into cyberspace with all the money you stole. And then you do it all again!

Bottom line... you have three choices...

1.) If you want to make a LOT of money in HYIP's... and you're not at all concerned about honesty... you should get your own HYIP and get started stealing from people.

2.) If you want to make a little money in HYIP's... all you need to do is promote them... help spread the lies and get more victims into the program... and collect your referral fees. That way you're not really stealing from people... you're just helping someone else steal from people and you're getting paid for that. (Yes, that's stealing!)

3.) If you want to lose everything and sink deeper into debt... put your money into "High Yield Investment Programs"... and watch it disappear!

Are ALL HYIP's owned and operated by crooks?

It's impossible to tell. There may be some that are not. But can YOU tell the ones that might be honest from the ones that are designed to rob you? No. It's impossible to tell.

-- quoted from a pinoymoneytalk.com member

Lumabas na sa balita illegal ang Francswiss sa Pilipinas.

Illegal ang Francswiss at nagsara na ayon sa balita ng 24 oras. Hinahanap na ang mga cahoots nila dito sa Pilipinas. Na-extra pa nga ang sulit.com sa TV. Alam nyo ba na ang pyramid schemes at ponzi schemes ay nagsasamantala sa kasakiman ng tao? Magbanat tayo ng buto upang kumita. Mas masarap kumain mula sa pinagpawisan.

Bakit na-extra ang sulit.com sa TV? Pugad na daw ba yun ng SCAMMERS? Lately, ang dami SCAM advertisements na posted sa sulit. Sana, ma-filter out ng admins. Let us all be responsible for our posts. :)

scammers die!!!!!!!!
burn to hell!!!!!!!!