21/01/ · Malaysia has been blessed with a very active forex trading crowd, this unfortunately always attracts scammers: The Securities Commission Malaysia (SC) today secured a deterrent sentence against Raja Noor Asma Raja Harun, the director of FX Capital Consultant and FX Consultant, for operating a ponzi scheme that duped over investors of more than RM 14/04/ · Malaysia – Forex fraud schemes are making headlines across the nation. Published: 14th April, Retail forex trading is a global phenomenon. Growth dynamics for the past two decades across the globe attest to this very fact, but each region and each nation, for that matter, have developed at their own blogger.comted Reading Time: 8 mins 08/07/ · Ponzi scheme is a fraudulent investment structure where dividends paid for early members are funded by capitals from newer members. It is difficult to tell apart Ponzi schemes from legitimate investment plans on the surface as no Ponzi scheme have ever labelled itself as one anyway. However, Ponzi schemes have generally offered absurdly high
Ponzi Schemes - FLY Malaysia
Midasama provides no information on their website about who owns or runs the company. Daweda is a Cyprus shell company. It appears to be another shell company, this time based out of Hong Kong. Midasama has no retailable products or services, with affiliates only able to market Midasama affiliate membership itself.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them level 1 :, malaysia forex ponzi. If any level 2 affiliates recruit new affiliates, malaysia forex ponzi, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels. Residual commissions are paid out as a percentage of returns paid to unilevel team affiliates across these nine levels as malaysia forex ponzi. From what I can tell it starts at the Diamond rank and appears to be generation based three generations.
On the right is how Midasama represent their traders, malaysia forex ponzi. These obviously bogus trader names are attached to My FX Book accounts, which the company claims demonstrates trading history.
If it did the company would register itself with the Bank of Malaysia and malaysia forex ponzi as a legitimate investment opportunity. In addition to securities fraud, having no retailable products or services also makes Midasama a pyramid scheme.
The math behind MLM Ponzi schemes guarantees that when they collapse, the majority of investors lose money. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email. Notify me of new posts by email. Home About Contact RSS Subscribe. Midasama Review: Malaysian forex trading Ponzi scheme Jul. The domain registration was last updated on May 28th, The Midasama domain registration itself is private, providing no ownership information, malaysia forex ponzi. As far as I can tell, Midasama only trots Morgan Matthews out for promotional events.
It is highly likely that whoever is actually running Midasama is based out of Malaysia itself. Midasama cap payable unilevel team levels at nine. White guy puppets running the show, dodgy returns and the usual MT4 traders bullshit.
This is a common enough ruse used by Malaysian forex scams. Instead Midasama offers unregistered securities and operates illegally. As it stands the only verifiable source of revenue entering Midasama is new investment. As with all such schemes, once affiliate recruitment dries up so to does new investment.
This starves Midasama of ROI revenue, malaysia forex ponzi, eventually prompting a collapse. Related Posts: IT Finance Malaysia forex ponzi Crypto forex trading Ponzi scheme - May 5th, Guardian Capital AG Review: Malaysian trading Ponzi scheme - Apr 26th, Mia Review: Malaysian spot gold trading scheme - Dec 3rd, ATMxNet Review: Forex trading Ponzi scheme - Nov 26th, CryptoLux Review: CLX points trading bot Ponzi scheme - Nov 25th, Leave a Reply Malaysia forex ponzi reply Your email address will not be published.
Leave this field empty. Feedback systensceptic: " My comments refer to the malaysia forex ponzi that were dismissed from the class action Can you elaborate more on the 3 reasons below? There are several aspects of systensceptic: " My comments refer to the defendants that were dismissed from the class action
Zern Tan - Malaysia's King of Online Scam Gurus
, time: 1:20:06A Million Dollar Ponzi Lady Charged with a Forex Ponzi Scheme | Finance Magnates
10/07/ · Related Posts: IT Finance Review: Crypto forex trading Ponzi scheme - May 5th, ; Guardian Capital AG Review: Malaysian trading Ponzi scheme - Apr 26th, ; Mia Review: Malaysian spot gold trading scheme - Dec 3rd, ; ATMxNet Review: Forex trading Ponzi scheme - Nov 26th, ; CryptoLux Review: CLX points trading bot Ponzi scheme - Nov 25th, 15/02/ · A classic Ponzi Scheme promised unrealistic guaranteed returns from a website offshore. Three individuals from Malaysia have executed a forex scam worth over $ million. The perpetrators of a Ponzi scheme were arrested in Kuala Lumpur over the weekend, local police blogger.comted Reading Time: 2 mins 14/04/ · Malaysia – Forex fraud schemes are making headlines across the nation. Published: 14th April, Retail forex trading is a global phenomenon. Growth dynamics for the past two decades across the globe attest to this very fact, but each region and each nation, for that matter, have developed at their own blogger.comted Reading Time: 8 mins
No comments:
Post a Comment