SCAM ALERT - YUANPAYRead this website
Folks, it is sad that I am writing this to forewarn my followers and any visitors to my post about this so called investment.
1. Do not be fooled by any company that has a website. Anyone these days can register a website , bought off nice cool templates and make it looks "professional"
2. RUN with your life - when you hear low risk like invest $1 and get 400 times the returns , you run for your life ! DON"T LOOK BACK, DON"T THINK THRICE, JUST RUN AS FAST AND FAR AS YOU CAN ! That is my best advice. With the exception of lottery which is legalised in most countries, they work on the game of probabilities and are guaranteed by the state government to pay out.
How it works ? Simple - Collect enough $1 from a wide population and pay off a relatively high reward like $500,000 to $1,000,000 , the balance is their profits. The question is most would not settle for $1 , they will increase their stake to $50 or $100 hoping to increase their winning chance, right ? So only a certain % of people that buy , if buy will pay $1 and the majority (IMO) will pay more than $1 but the reward is already fixed at $500k or $1M to entice people to part their hard earned money.
Actually many businesses operate on this same mantra as well. Insurance company is one good example. Collect premium from many policy holders and based on the actuary calculations, only X% of people will passed away at this period of time. But the collection of premium and the investment from it will far outweigh the pay out. Again, premium can varies as agents peddle different products to suit your "needs" or wants.
YuanPay imo, is not something that I would want to read further, find out more. PERIOD. It stirs up the greed emotions in people , to entice them to part their money . To lure them out of their comfort zone by having all these testimonials saying how easy it is to make money. Just think for a second. If you can invest $1 and make 400 x and is a sure win, would you not sell your grandma and dogs for any cash to bet on it ?
Otherwise, where is the catch ? Not sure, don't know, suspicious ? Then, stay away ! No need to be a whistleblower or try to be the next Sherlock Holmes. Leave it to others to go find out , may be it will take years. These "entrepreneurs" are merely riding on the recent trend of the digital currency in China and trying to make as much money as possible.
In any investment, when there is no legal recourse, you have to dig hard and do your own homework coz if you cannot control your emotions, by the time you realised it is a scam, it may be too late.
Memories are short and people forget about their lessons , even very hard one like these :
www.asiaone.com
www.cnbc.com
timesofindia.indiatimes.com
www.channelnewsasia.com
www.straitstimes.com
You can see from traditional plantation scam in India to the latest ecommerce scam, these entrepreneurs/scammers are keeping up with the times. What has not changed ? The greed of human beings, wanting to make money easy and fast. And that itself motivates the scammers to set a trap for you.
A suitable bible verse here for our enlightenment -
1 Timothy 6:9-10 ESV /
But those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.
P/S - ZA online has nothing to do with this post I am writing but I need a chart before I can pen up this post. I am adding more on ZA Online.
