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Is this Crypto investment platform (Fixed weekly return) a SCAM?

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Aceace said:
    Just for fun...

    At that rate of return, if you invested £1,000 and reinvested your weekly returns, you would have £180,000 after 1 year, £32 million after 2 years... In under 5 years you would own all of the world's money that is currently in circulation. 🤣
    A better return than the boring old multi asset funds that are usually recommended on this forum  :)
    Depending on the time frame may hold true. As the only values that matter are the ones you buy at and the ones you sell at. What happens in the middle has no bearing. Some people like the thrill of a quick win then retiring. 
  • cymruchris
    cymruchris Posts: 5,562 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Having looked at the website - it's a classic crypto scam site - next to no contact details - promises of huge returns - a splattering of 'important people' photos (who strangely don't exist outside of the website) - they have a 'Sectary' on their  board of directors - and very basic English with very vague descriptions of what they do. Avoid like the plague.
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