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The biggest red flag is the fact that they claimed average returns of 1% per day non-compounded. As the article points out that is over 250% per year. For con
by pmorici 12y ago
The biggest red flag is the fact that they claimed average returns of 1% per day non-compounded. As the article points out that is over 250% per year.
For context that is much much better than the Bernie Madoff Ponzi which claimed average returns of just above 10% over 17 years and people thought that was suspicious.
- Dylan16807 12y agoWhat does 'non-compounded' even mean? You can't just stop compounding from happening. Worst case you take your money out and put it back in. Do they mean that you can't compound daily, that the 1% per day applies to compounding monthly or annually? Any interest rate will eventually reach 1% of the original principal per day. Even a rate like 1% per year will average that much after a solid 800 years.