Financial.org - Have you any experience in it? - Page 1
Forum section: electronics / general

author: ali_asadzadeh
author_rank: Super Contributor
timestamp: July 01, 2018, 12:38:53 pm
content: Hi,One of my friends had suggested investing with this company, I want to know if you have any experience in it? is it a scam? or Can I trust it?They claim they would Pay 8% interest on monthly basis and by that figure you would get your original money back with in 6 months!

author: sokoloff
author_rank: Super Contributor
timestamp: July 01, 2018, 12:45:13 pm
content: Quote from: ali_asadzadeh on July 01, 2018, 12:38:53 pmEvery hallmark of a scam / Ponzi scheme is right there.Put one hand on your wallet, turn around slowly, walk away, and don’t look back!

author: bd139
author_rank: Super Contributor
timestamp: July 01, 2018, 12:45:58 pm
content: Run a mile. First page says the magic bollocks word: block chain.Looks like a hype fund or a pyramid.

author: EEVblog
author_rank: Unknown
timestamp: July 01, 2018, 12:52:19 pm
content: It's bullshit, as is any claim of such high consistent returns.Sounds like they invest in the stockmarket, crypto, commodities, and cash - guess which one they use to claim those magic numbers...https://financial.org/pages/About/FinancialConcept.aspxQuoteAny donkey could have invested in crypto in mid-2017 and made those returns guaranteed. Too bad if you didn't get out though.It could even be a classic ponzi scheme were early investors do actually get paid out, so they (like your friend) can tell them about this fantastic deal that is working. Only problem is it relies on more people continuing to come in every day until the whole thing falls apart.

author: aargee
author_rank: Frequent Contributor
timestamp: July 02, 2018, 02:46:33 am
content: Get rich slowly, get poor quickly seems to have been a good adage in my life.As with most engineering types, I'm rather conservative - especially when it comes to investing my money.

author: BravoV
author_rank: Super Contributor
timestamp: July 02, 2018, 03:34:39 am
content: Quote from: ali_asadzadeh on July 01, 2018, 12:38:53 pmReading above, I don't even need to visit the site to know its a scam or ponzi scheme ... grow up.

author: ali_asadzadeh
author_rank: Super Contributor
timestamp: July 02, 2018, 05:03:45 am
content: Thanks you all guys, I would not touch it, I will buy some real-state instead

author: retiredcaps
author_rank: Super Contributor
timestamp: July 02, 2018, 06:44:40 am
content: Not sure why this topic isn't locked since it isn't even remotely close to electronics related, but ...even a 10 second search would have brought up.And if you are going to ask an electronics forum for investment advice ...https://www.reuters.com/article/us-emirates-financial-org-alert/uae-warns-investors-not-to-deal-with-financial-org-idUSKBN1I32DGThe United Arab Emirates’ securities regulator on Wednesday warned investors not to deal with Financial.org, an unregulated British company that has attracted investors from countries across Asia and the Gulf.The alert comes after the Philippines watchdog, the Securities and Exchange Commission (SEC), warned last month that salesmen, brokers, dealers or agents who promoted unauthorized investments such as Financial.org could face a fine and up to 21 years in prison.Regulators in Malaysia, Singapore, Indonesia and Thailand have also placed Financial.org on alert lists of unauthorized firms with whom investors should exercise caution.“The (UAE) authority warns investors against dealing with that website (Financial.org) and any services it is offering regarding financial products and investment portfolios,” the Emirates Securities & Commodities Authority said in a statement.It added that Financial.org did not have permission to engage in financial transactions.

author: retiredcaps
author_rank: Super Contributor
timestamp: July 02, 2018, 06:53:19 am
content: More ..https://laotiantimes.com/2018/05/07/lao-government-warns-public-financial-org/The company, already on several international watch-lists, is the latest in a number ofPonzi scheme style businessesto set up shop in Laos, aimed at duping members of the public into making investments for supposedly quick and profitable returns.

author: BravoV
author_rank: Super Contributor
timestamp: July 02, 2018, 06:54:48 am
content: My grandparents & parents taught me, any money exchange, only two options, inbound money, its more relaxing, but for outbound money, be extra cautious on lucrative offer, especially the one that sounds too good to be true.Is this basic universal law still being told or taught today by parents ?

author: krish2487
author_rank: Frequent Contributor
timestamp: July 02, 2018, 08:00:18 am
content: If it sounds too good to be true.. then it probably is..I understand the law is a "trade secret" today...Since we are still answering questions what the OP posted...There is no shortage of unsuspecting public for the "get rich quick" schemes...Human gullibility and naivety still seems to be undeterred by decades of evidence.Quote from: BravoV onTodayat 04:54:48 pm

author: ali_asadzadeh
author_rank: Super Contributor
timestamp: July 02, 2018, 08:08:08 am
content: QuoteIt's in general chat section, also as we are Engineers specialy the EE ones, in most times we have the extra eye and protection in our circuits! so why not

author: iainwhite
author_rank: Unknown
timestamp: July 02, 2018, 06:07:51 pm
content: QuoteAt least this is useful information about investing, and the OP will benefit from some good advice.As opposed to some of the topics in the General Chat section (UFOs anyone?)

author: retiredcaps
author_rank: Super Contributor
timestamp: July 02, 2018, 09:48:40 pm
content: Quote from: ali_asadzadeh on July 02, 2018, 08:08:08 am"This is where everyone hangs out and rants and chats aboutwhatever electronics topics that don't fit into the other more specific categorieson this forum. Occasional off-topic stuff is ok, butgenerally we like to keep it electronics related."

author: aargee
author_rank: Frequent Contributor
timestamp: July 03, 2018, 04:41:15 am
content: Like cats for instance.