Information and Alerts
Alert Details
This business has 1 alert.
Alert
BBB Serving New Mexico and Southwest Colorado contacted the business to request additional information on their offer and how it works. As of September 28, 2015, BBB has not received a reply from the business.
BBB urges caution when dealing with this business.
The Ponzi scheme is a house of cards swindle in which tremendous rates of interest are paid to initial investors out of the funds of later investors, who end up losing all or most of their money to the promoter. The Ponzi scam amounts to little more than robbing an army of Peters to pay a handful of Pauls. As the numbers of investors, the Pauls, grow and the supply of potential new investors, the Peters, dwindle, the Ponzi bubble bursts under the pressure of meeting the promised interest payments. While some initial payments are made to drum up new recruits, the vast majority of investors in a Ponzi scheme end up losing all or most of their money.
As in the case of simple pyramid recruitment frauds, a point is inevitably reached where the con man simply cannot keep up with the required interest payments. The following are basic rules to follow in staying clear of Ponzi schemes:
1. Beware promises of high, guaranteed profits.
2. Avoid promoters who fail to provide clear and detailed explanation of their investments vehicle.
3. Check out the promoter's background.
4. Get information on the offering form your state securities division.
5. Ask for detailed information in writing.
6. Verify the promoter's claims.
7. Remember that seeing is believing.
8. Resist pressure to reinvest without seeing your profits.
9. Look for unbusiness-like conduct or disruption of services.
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period, except for customer reviews. Customer reviews posted prior to July 5, 2024, will no longer be published when they reach three years from their submission date. Customer reviews posted on/after July 5, 2024, will be published indefinitely unless otherwise voluntarily retracted by the user who submitted the content, or BBB no longer believes the review is authentic. BBB Business Profiles are subject to change at any time. If you choose to do business with this company, please let them know that you checked their record with BBB.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.