Finanzas Forex: Panama-based Ponzi Scheme gets in on the action


Screen grab from their English-language site with tag: "Now everyone can enjoy to be involved in a great business."


For your investment dollars, Finanzas Forex has promised a minimum of 10% returns (monthly), up to 50% returns (monthly), depending on what risk-investment package you select. Though it smacks of Ponzi, some investors knowingly invested because Ponzi schemes work out for early adopters.

Click here (and here) and look through the comments as writers at first enthusiastically praise FFX and then lament their inability to withdraw their funds. Note that FFX pulls a Madoff-esque hard-to-get play by saying that it won't accept investments from EU citizens. And look at the shoddy web design (surely a giveaway).

And another dead giveaway for its suspect behavior? The terrible English translation. Here's a charming rationalization for this:

The reason Finanzas Forex does not have a strong US presence might have to do with the terrible english version of its website. Even when you are logged on to the english version, there are parts of the website that show up in spanish. Europeans might be more used to working with multiple languages, and will feel more comfortable with something that isn't written well in their native tongue.

And these people (and these) are still quite hopeful it'll work out. It's actually a bit frightening to see how unshakeable their conviction is. I was speaking about this with some friends last month when I was in New York for the holidays and the news about Bernard Madoff came to light. One person mentioned that, since people are frequently hearing stories about businessmen (women, too) making it big, almost overnight, often we come to believe that there really must be an easy way to get wealthy and the only problem is that we simply don't know the easy, failsafe secret to it. So that, when we come across something that seems to be hard to get into (Finanzas Forex is by invitation) and has stunning returns explained by hard-to-understand financespeak (which is what much of the technical side of the Wall Street Journal or Financial Times sounds like to many of us), we believe that we've found it.


Here's their convincing video:



NOTE: Comments with links to scams and money schemes will get deleted. Don't post them.

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