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Investments Anti-scam/fraud Guide - Business - Nairaland

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Investments Anti-scam/fraud Guide by Fxmanager(m): 7:38am On Jul 16, 2017
We want to put it very clear – there are lots of investment scammers online including this Nairaland forum who build nets of lies and catch naive investors into their web of trickery. Most times I bleed in my heart when i see the number of scam sites and ponzi investments promoted in this forum. We must all join hands to educate the investors in this forum about their tricks.
Earning income in an investment is a huge interest for investors; no wonder that scammers are hunting for the big money here.
The problem is that many potential investors hear a lot about making money in an investment, but know nothing about the specifics of the investment. Therefore these people can be easily lured into a scam designated as an investment.
If you read this article to the end, we guarantee that most of the investment scams will not be able to fool you. So, this is the short list of typical problems and how to avoid them.

Investment Scam Trick #1 – Send Me the Money
Never send your money to the investment company/money manager – your money can evaporate and you get no way to track who stole it. Even if they give you a bank account, today it is possible to open a fake bank account; so the chances of losing your money are very high.

Solution: You do not send money to traders. You should open your investment account DIRECTLY with a regulated brokerage/financial company. Even if an investment/money manager will be managing your investment for you, at least that person should work with a top reputable, licensed and regulated brokerage/financial company that has global recognition online. You should open an account directly with the reputable, government licensed and regulated brokerage/financial company and do not pay money into the account of your investment/money manager. You should be the only person on the planet whom the government regulated and licensed brokerage/financial company allows to deposit or withdraw money from your account. This should be YOUR account.
The investment/money manager should only be able to perform trading operations with your money. They should not be allowed to deposit or withdraw your money (I.e your money should never be allowed to be deposited or withdrawn by a third party).
You should only be the absolute owner of your account opened directly with a world famous government licensed and regulated financial company. You should be allowed to track absolutely everything 24Hrs.
There should be no intermediaries (who can disappear) – reducing the risk that someone will take your money.
AND, any reputable, licensed and regulated brokerage/financial company should be checking the identity of your money/investment manager, (i.e National I.D Card, international passport, Drivers License for proff of identity and Utility Bills like NEPA Bills, Water Bills, or Country's Bank Statement for proof of address). Better than any FBI and CIA. That is why you can be sure that these investment/money managers are real people who do not have any chance to run away and disappear.

Investment Scam Trick #2 – We Guarantee Profits

No one is allowed to guarantee profits on any reputable online investment – this is against the law.
The reasons are obvious, because any investment is risky. Even if someone or investment/money manager has been making profits from the investment 60 months in a row – there is no guarantee this investment/money manager will make profits the next month.
That is why when you see any High Yielding Investment Program (HYIP) or other investment programs which say ‘we guarantee X% monthly or Y% daily’ – congratulations, you have found a scam. It is prohibited by law to promise any guaranteed profits from investment. In our case here in this post https://www.nairaland.com/5662838/citadel-forex-fund-management-trading we are promising a target of average 5-20%+ monthly return on investment and not guaranteed fixed return, that is why you will see our performance fluctuating due to the currency market changing conditions.

Investment Scam Trick #3 – Great Reviews

“I invested the money, because the program had great reviews” – a typical phrase of a ripped off investor.
Investment scammers are smart and have enough money to hire dozens of people who sit on public forums including this Nairaland forum and brainwash naive people. They write fancy articles, they submit nicely-looking videos to YouTube , make positive comments, give fake positive reviews – they know their job and their job is to make you believe. They are even running communities that are supposed to be unbiased, but in reality make people believe and go into fake programs.
Even if your best friend is recommending a HYIP – this friend can be fooled by the forums, reviews, articles, press releases and videos.

Investment Scam Trick #4 – They Paid at the Beginning

Most of the scammers pay at the beginning, because they have to feed the market and spread the good buzz. Before they start any scam, they have at least 6 months’ reserve or more for payouts – but they will rip off people for much bigger money.
For them this “payment at the beginning” is like an investment, a necessity. For naive investors this is bait. You would be surprised how many people got caught onto that bait. Maybe even you were one of the victims. If so – sorry, but you should have read this earlier.

Investment Scam Trick #5 – They Had Nice Income %
Come on! Anyone can take Photoshop and draw everything. Pay $50 to a good web designer and can “boast” with screenshots of billions USD on their account as payment proof. Even a suppose affiliate of an investment that post screenshots of payment proof that person could be an about to be ripoff investor or the site administrators hiding under the cover of an affiliate who can produce screenshots of fake payment proofs to deceive you.

How are YOU Going to Prove That an investment offer is NOT a Scam?
Even such a great write up should not make you trust the writer. If you trust the writer just for reading these tips, then you have missed the idea of it – Take the veil away from your eyes.
There is just one thing you can trust in this world with your investment/money managed by your investment/money manager:
1. You should open account directly with a top government licensed, regulated and audited brokerage/financial company.

2. Your funds should be segregated from the brokerage/financial company’s funds and held in top tier banking institutions in your name and secure and should not be used for any other purpose. This means you remain the only proprietor of capital invested. The brokerage/financial company is not allowed to send your investment to another account and never will, because they are being audited and monitored.

3. This financial company should checked the identity of your investment/money manager better than any FBI or CIA (i.e. National I.D Card, international passport Driver’s License for prove of and Utility Bills like NEPA Bills, Water Bills, or Country's Bank Statement for proof of address) and you can be sure that investment/money managers are real people who cannot disappear.

4. Their investment performance should comes directly from and audited by a third party websites like myfxbook.com, fxblue.com, fxstat.com, fundseeder.com,etc, so you can verify their results.
This does not guarantee you any profits, but this guarantees that you will never say “My money is gone, I do not know where” – you have real people doing the job for you.
MORE TO COME………. and you can also add your own



2 Likes

Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 12:25pm On Jul 16, 2017
andreweb:
nice post

Thanks
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 9:36pm On Jul 16, 2017
andreweb:
nice post
Please feel free to add yours.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 8:57am On Jul 17, 2017
More to come......
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 7:44pm On Jul 18, 2017
4 ways to avoid investment scams

1. Seek the advise of a financial advisor
Be careful of unsolicited investment opportunities – over the phone, online or from acquaintances. Before you invest, get an advise from a registered, qualified advisor, a lawyer or an accountant. You can also do your own digging as some financial advisors for selfish reasons might discourage you from good investment as the earned large commissions by recommending products which is not in your own best interest, but theirs. Example are banks recommending fixed deposit for you instead of treasury bills which pays better interest, or recommending treasury bills instead of currency trading in the hands of a Seasoned Currency Analyst and Traders as in the post in this link https://www.nairaland.com/5104286/pamm-currency-trading-journal-avg

2. Check their registration
Generally, financial service provider must be registered with their country’s financial market regulators. Check registration through the country’s financial regulatory bodies as the regulatory bodies do monitor and audit any financial service provider registered through them for cases of fraud or mismanagement of clients /investors funds.
Any investment program promoted in this forum that is not licensed and regulated by their country’s recognized regulatory bodies, you are on your own if you put your money in them. At least we are working with a licensed and regulated financial firm to setup an investment program in the currency market with a target of average 5-10%+ monthly return to our investors. Visit the nairaland link in this article to see our performance statistics.

3. Take all the time you need
Be suspicious of time-limited offers and high-pressure investment promoters. If the investment is legitimate, you should not have to invest on the spot. Take the time you need to make an informed decision.

4. Conduct a background check on the investment
Before you make any investment, you need to understand how it works, the risks involve and any fees. Ensure that it fits with your financial goals, risk tolerance and your other investments.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 10:35pm On Jul 19, 2017
Please add your own. Let us join hands to clean this forum free of scammers and fraudsters
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 10:39am On Jul 21, 2017
Add yours
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 6:39am On Aug 28, 2017
Dear Potential investors in this forum, i hope your are going through this post.
Re: Investments Anti-scam/fraud Guide by treasureboy09(m): 2:38pm On Aug 28, 2017
Nice one
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 6:57pm On Aug 28, 2017
Good evening, keep reading.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 5:16am On Aug 29, 2017
Good morning, be wise.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 10:30am On Nov 26, 2017
Fxmanager:
Dear Potential investors in this forum, i hope your are going through this post.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 5:16pm On Nov 26, 2017
Fxmanager:
Be wise.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 2:04am On Nov 27, 2017
Fxmanager:
Please feel free to add yours.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 7:39am On Nov 27, 2017
That a company is registered in a country does not mean that the company is licensed and regulated to offer the service. Check and make sure that the company is actually licensed by the regulatory bodies to operate the business/investment in that country and regulated, monitored and audited by the regulatory bodies. We see some scam investment companies in this forum/country claiming to be registered with the Corporate Affairs Commission (CAC), the is a difference between registering a company and licensing/regulating a company.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 2:51pm On Nov 27, 2017
You should read this before putting your money into scams and ponzi scheme.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 7:15am On Nov 28, 2017
Fxmanager:
Good morning, be wise.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 5:16pm On Nov 28, 2017
Becareful of multiple usernames in forums used to promote and talk good about an investment/business giving fake reviews just to make you believe, by the same person. You may fall for scam and fraud
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 2:47pm On Nov 29, 2017
Fxmanager:
You should read this before putting your money into scams and ponzi scheme.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 8:49am On Dec 03, 2017
Spot imposters. Scammers often pretend to be someone you trust, like a government official, a family member, a charity, or a company you do business with. Don’t send money or give out personal information in response to an unexpected request — whether it comes as a text, a phone call, or an email.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 1:54pm On Dec 03, 2017
Do online searches. Type a company or product name into your favorite search engine with words like “review,” “complaint” or “scam.” Or search for a phrase that describes your situation, You can even search for phone numbers to see if other people have reported them as scams.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 9:55pm On Dec 03, 2017
Don’t believe your caller ID. Technology makes it easy for scammers to fake caller ID information, so the name and number you see aren’t always real. If someone calls asking for money or personal information, hang up. If you think the caller might be telling the truth, call back to a number you know is genuine.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 6:14am On Dec 04, 2017
Don’t pay upfront for a promise. Someone might ask you to pay in advance for things like debt relief, credit and loan offers, mortgage assistance, or a job. They might even say you’ve won a prize, but first you have to pay taxes or fees. If you do, they will probably take the money and disappear.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 2:20pm On Dec 04, 2017
Consider how you pay. Credit cards have significant fraud protection built in, but some payment methods don’t. Wiring money through services like Western Union or MoneyGram is risky because it’s nearly impossible to get your money back.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 5:32pm On Dec 04, 2017
Talk to someone. Before you give up your money or personal information, talk to someone you trust. Con artists want you to make decisions in a hurry. They might even threaten you. Slow down, check out the story, do an online search, consult an expert or just tell a friend.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 10:14am On Dec 05, 2017
Be skeptical about free trial offers. Some companies use free trials to sign you up for products and bill you every month until you cancel. Before you agree to a free trial, research the company and read the cancellation policy. And always review your monthly statements for charges you don’t recognize.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 12:35am On Dec 06, 2017
Fxmanager:
More to come......
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 8:00am On Dec 06, 2017
Hang up on robocalls (calls from Robots). If you answer the phone and hear a recorded sales pitch, hang up. These calls are illegal, and often the products are bogus. Don’t press 1 to speak to a person or to be taken off the list. That could lead to more calls and scam/fraud.
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 6:37am On Dec 07, 2017
Fxmanager:
More to come......
Re: Investments Anti-scam/fraud Guide by Fxmanager(m): 1:15pm On Dec 07, 2017
Fxmanager:
Add yours

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