can anybody explain abt megaeforex? is it scam?
- 1 decade agoFavorite Answer
I joined Megaeforex as an investor after my friend keep pestering me to help him in this HYIP investment business. I paid my friend US$1000 to buy 1000 e-points from him, invested into the system am supposed to receive US$320 per month. The amount did arrived into my Megaeforex account but only in e-points!
After many months, I have accumulated about 4000 e-points. However, I just received another e-message from them stating that the Megaeforex's site had been hacked and we will not be able to cash out. I thnk the whole scheme is similar to the now defuncted Swisscash. You won't be able to cash out a single cent but you have to find other investor to buy your e-points!
The site's address mentioned that their branches are in USA and England but I understand that they are owned by Koreans. Their website's and messages to us in broken English confirmed that. The whole thing is nothing but a HYIP & PONZI SCAM!Source(s): www.megaeforex.com
- 1 decade ago
From what I have been reading about megaeforex is that t is a High Yield Investment Program (HYIP), Ponzi, or Pyramid Scheme.
It seems to fall into the category of a scam.
Each are explained below:
I hope this may assist you further, as well as save your hard earned money..
Have a ice day,
TSSource(s): http://www.corporatenarc.com/hyipscam.php http://www.sec.gov/answers/ponzi.htm http://www.sec.gov/answers/pyramid.htm