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Here's what's undeniable:

 

1. This is a Pyramiding scheme (note: avoiding using the word scam for now). Part of the promised profit side comes from getting a commission from getting a downline. No product sold, just the so-called "ROI".

 

2. This is not an investment. This is an unguaranteed play on the currency markets. You can't possibly run this any other way, whether with stocks, bonds, index funds, mutual funds, gold, commodities, or any other investment vehicle. But again, this is not an investment.

 

3. The people running this are marketing it as an investment. Yes, they tell you it's a big gamble on your money, but they still throw around the word INVESTMENT. Thus, they will get warned by the SEC because to market anything as an investment, whether online or not, is illegal.

 

4. The SEC can't shut them down. The only authority that will be able to shut this down is the NBI IF someone files an estafa charge against Francswiss.

 

++++++++

 

Advice ko na lang mga bro:

 

1. Don't go in unless this is your burn money. Don't use money for investment, savings money, pawned item money, emergency funds money, etc. You will never know when this goes belly-up. This might happen from a lot of events, ranging from NBI raids to terrorist attacks that will catch the head player here off guard. Madaming forex trader umiyak nung nag 9-11, caught out of position.

 

2. If you're going to recruit someone, recruit someone with money to burn also. Don't recruit desperate people looking for a way out of their problems. Use your conscience.

 

3. Don't get too greedy. See advice 1.

 

4. PLEASE don't market this as an INVESTMENT. Doing so is an example of CRAB MENTALITY. In a better Philippines, schemes like these would not thrive because people wouldn't be so bad off as to go for the next strike-while-the-iron-is-hot scheme. In a better Philippines, people would be investing 47K pesos in UITFs, mutual funds, stocks, bonds etc. and be able to patiently wait for profit while helping the economy at the same time. I made 10K on top of my 20K invested over a year in a UITF. It's still growing.

 

HOWEVER, we are not in a better Philippines. So good luck na lang mga bro. Ingat, at huwag sana makasakit sa iba.

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mga bossing.ang hirap nman kasi sa mga nag babalita e hindi nila nililinaw ang sinasabi nila. yung downline nmn dto sa francswiss e additional lang, kikita ka pa rin ng 45 per day kahit d ka mag recruit,yung pagkakaroon mo ng downline is additional 100 lang,at epoints lang yung 100,d p sya convertible to cash,pang bukas lng ng another account. yan tuloy,ala na yung website. crab mentality nga nmn o,yung may opportunity na kumita ng malaki e bglang hihilain ng mga naiingit. bwisit na boy abunda kasi yan e,kung lumipat yung mga investors nya sa francswiss e sana d n nya siniraan. bwiset! peace po sa mga posters dto. :D

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Here's what's undeniable:

 

.......

 

2. ............... This is an unguaranteed play on the currency markets. You can't possibly run this any other way, whether with stocks, bonds, index funds, mutual funds, gold, commodities, or any other investment vehicle. But again, this is not an investment.

 

..........

 

 

i dont even think francswiss plays on currency markets! when i inquired about this, i was told that the company invests in overseas casinos, pawnshops and lending institutions. nung narinig ko palang yun sabi ko sa sarili ko "this is bullshit!". tapos nag name drop pa sila na pati sila richard gomez, first gentleman mike arroyo, and other ex-pba players ay naka invest rin dito... YEAH RIGHT!!! everyone involved with francswiss talks smack about earning big but cant really explain how its done!

 

i completely agree with sunking. this is no investment.

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i know people who invested here. now that their website is down they don't know what to do. they're hoping that they'll still get at least the amount they "invested". haaay pinoy talaga.

 

Please remember that there is no such thing as "easy money". Business tycoons have said that over and over again. I think wala na tong francswiss na to. nakuha na nung nag start ang bulk ng money kaya tinigil na nya.

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You are right bro. In my own opinion wala kasing makukurakot ang mga gahaman na tao ng gobyerno. :grr:

 

:mtc:

 

yan ang hirap sa ating mga pinoy pag may nakitang umaangat na iba pilit hinahatak pababa!!!

crab mentality nga!!!

AS OF NOW WALA ANG SITE NG FRANCSWISS...

HOPEFULLY MAIBALIK PA RIN...

masyado kasing sumikat kaagad ayan daming bumatikos...

sana mawala na sa ugali natin ang pagiging crab mentality at pakialamero...

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And here is the end of this scam!

 

NBI arrests recruiter in P1-B pyramid scam

 

NBI arrests recruiter in P1-B pyramid scam

 

The National Bureau of Investigation (NBI) recently apprehended the chief financial adviser of an international pyramiding investment syndicate that has allegedly collected close to P1 billion from prospective investors since it began operating in the country three months ago.

 

NBI Director Nestor Mantaring said their National Capital Region (NCR) agents arrested Eleazard Castillo, allegedly the chief financial adviser of FrancSwiss Investment and has helped reel in as much as P300 million in investments since he joined the syndicate last April.

 

Castillo, a native of Pug-os, Cabuyao, Ilocos Sur, was caught in Baguio City. He was charged with syndicated estafa before the Department of Justice Friday afternoon along with Jaime Poliquit, alias Jimpol, of Davao City; Garry Espiritu; Edwin Sendana of Pasig City; Edward Ricalde of Pampanga; Chris Erabon of Baguio City; and a certain Jomarc of Quezon City.

 

NBI-NCR Regional Director Ruel Lasala said they also identified three foreigners who are reportedly part of the scam: American national Roger Smith, who heads the FrancSwiss Investment in the Asia-Pacific Region; and Singaporean nationals Raymond Chua and Bensy Fong, who hold office on Madison Avenue in New York.

 

Castillo told reporters that as far as he knows, “FrancSwiss is a legitimate on-line investment.”

 

NBI Deputy Director for Regional Operations Reynaldo Esmeralda said Federico Olarte, Glen Manuel Sunga, and Philip Fernando were attracted to the investment scheme offered on the syndicate’s website.

 

With a minimum investment of $1,000, they were allegedly promised a daily interest of 4.5 percent, which is equivalent to $45. They were also entitled to a 10 percent commission for every person they recruit to invest in the money scheme.

 

Agent Manny Fayre said the three complainants each gave $1,000 to the suspects, but Sunga and Fernando started to worry when they did not receive any confirmation of their investment.

 

When they tried to refund their money, Castillo allegedly used dilatory tactics, prompting them to seek the NBI’s assistance.

 

The agents immediately set up an entrapment operation in Baguio City by having one of the complainants meet with Castillo to make an additional investment. They arrested Castillo after he received the marked money.

 

The NBI is encouraging other victims of FrancSwiss to come forward and divulge the names of those who duped them. Lasala said while they have already exposed the “Castillo’s line” in the pyramiding scheme, there are other recruiters operating in the country.

 

“The only way to cut the other lines is if there are complainants. Once they give their statements and name the persons who recruited them, that is the only time we would be able to identify them and arrest them,” he said.

 

Fayre said the FrancSwiss Financial Plan is a binary system wherein a person could only sponsor two investors to start their “downline.” Oftentimes, only the investors belonging to the upper portion of the pyramid benefit from the money-making scheme.

 

There had been reports that personalities in the entertainment, politics and business sectors were among those who have been tricked, but Lasala said they have not confirmed the reports.

 

Esmeralda said the syndicate might have floated the names of famous people as a means to woo more prospective investors.

 

He added that people should be wary about similar investment gimmicks.

 

“If local and international banks only offer 3.6 percent annual interest, then how come a investment scheme could offer a bigger percentage of 4.5 percent daily?” Esmeralda said.

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kindly expound on what you mean by nagkakahulian????

 

Coz here in our place, 2 of my friends are conveniently earning 45 dollars a day ...

 

Di pba clear sayo mga nangya2ri parekoy? or gus2 mo pang antaying me mahuli sa inyo jan bago ka maniwala? nsa NBI

 

custody na ang top earner nito & lahat ng earners dito nilabas na sa media ang mga fullnames... too bad for them & for their

 

families...

 

ask your friends how they withdraw their " conveniently earnings na 45 dollars a day " now coz i believe down na ang website

 

now & kung mag up man wala ng nare2lease na cash now..

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yan ang hirap sa ating mga pinoy pag may nakitang umaangat na iba pilit hinahatak pababa!!!

crab mentality nga!!!

AS OF NOW WALA ANG SITE NG FRANCSWISS...

HOPEFULLY MAIBALIK PA RIN...

masyado kasing sumikat kaagad ayan daming bumatikos...

sana mawala na sa ugali natin ang pagiging crab mentality at pakialamero...

 

its not being crab mentality bro, its more on " financial literacy "...

 

if illegal ang system defintely it will not grow sa gusto natin...

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Di pba clear sayo mga nangya2ri parekoy? or gus2 mo pang antaying me mahuli sa inyo jan bago ka maniwala? nsa NBI

 

custody na ang top earner nito & lahat ng earners dito nilabas na sa media ang mga fullnames... too bad for them & for their

 

families...

 

ask your friends how they withdraw their " conveniently earnings na 45 dollars a day " now coz i believe down na ang website

 

now & kung mag up man wala ng nare2lease na cash now..

 

one of my friends has withdrawn while the other has not..

 

bottomline, they have earned :):)

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I wanna hear from people na nagtatanggol dito dati. The fact that its a scam is so obvious. Problem is filipinos always become victims in this situation because being in a third world country we're prone to people who think and know we want quick-rich schemes. dami tuloy nabibiktima. ang sama dito yung ibang tao naghanap pa ng karamay. kasi may 10% na commission for every referral ba naman dumami tuloy lalo ang naapektuhan.

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Its just like a car...Park at your own risk. ganun talaga alam naman natin nasugal yun eh. Ang masama lang talaga dun sa mga ingitero sa lipunan na nagpabagsak dito. Wala ng sisihan nangyari na ang nangyari lalo lang malulungkot yung mga di kumita.

 

 

this was not stopped because of jealousy. it was stopped to protect people from being taken advantaged of. how can you support something like this knowing that your earning at other peoples expense?

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I wanna hear from people na nagtatanggol dito dati. The fact that its a scam is so obvious. Problem is filipinos always become victims in this situation because being in a third world country we're prone to people who think and know we want quick-rich schemes. dami tuloy nabibiktima. ang sama dito yung ibang tao naghanap pa ng karamay. kasi may 10% na commission for every referral ba naman dumami tuloy lalo ang naapektuhan.

 

Agree, lahat naman ng nag-iinvest sa ganitong scheme have this "get rich quick by dragging the suckers in" mentality. I mean, if not, how can one expect to earn from his/her investment if he/she won't/can't recruit people as downlines? :thumbsdownsmiley: Reminds me of the movie "Boiler Room"; though there is a difference in the way people were skimmed of their moolah, the selfish intent is the same...

 

Its just like a car...Park at your own risk. ganun talaga alam naman natin nasugal yun eh. Ang masama lang talaga dun sa mga ingitero sa lipunan na nagpabagsak dito. Wala ng sisihan nangyari na ang nangyari lalo lang malulungkot yung mga di kumita.

 

Ganitong linya din ba hirit mo sa mga recruits mo? I bet you have to sugarcoat everything to your potential recruits <_<

Sa yo na rin galing na sugal ito, so how can outside influence (SEC/government, inggiteros,etc.) cause its downfall?

 

And people correct me if I'm wrong, pero diba pinagbabawal na sa batas ang "pyramid schemes", ergo, kaya nga considered scam na ito?

 

peace! :mtc:

Edited by Fusarium_jimini
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I was reading about Ponzi schemes in Wikipedia and I was quite surprised at the similarities between the example and Francswiss.

 

An advertisement is placed promising extraordinary returns on an investment – for example 20% for a 30 day contract. The precise mechanism for this incredible return can be attributed to anything that sounds good but is not specific: "global currency arbitrage", "hedge futures trading", "high yield investment programs", or similar.

 

 

With no proven track record for the investors, only a few investors are tempted, usually for smaller sums (say $5,000). Sure enough, 30 days later, the investor receives $6,000 – the original capital plus the 20% return ($1,000). At this point, greed starts to overcome reason: the investor will put in more money, and, as word begins to spread, other investors grab the "opportunity" to participate. More and more people invest, and see their investments return the promised large returns.

 

The reality of the scheme is that the "return" to the initial investors is being paid out of the new, incoming investment money, not out of profits. There is no "global currency arbitrage", "hedge futures trading", or "high yield investment programs" actually taking place. Instead, when Investor D puts in money, that money becomes available to pay out "profits" to investors A, B, and C. When investors X, Y, and Z put in money, that money is available to pay "profits" to investors A through W.

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continued...

 

One reason that the scheme works so well is that early investors – those who actually got paid the large returns – quite commonly reinvest (keep) their money in the scheme (it does, after all, pay out much better than any alternative investment). Thus those running the scheme don't actually have to pay out very much (net) – they simply have to send statements to investors that show how much the investors have earned by keeping the money in what looks like a great place to get a high return.

 

The catch is that at some point one of three things will happen:

a. the promoters will vanish, taking all the investment money (less payouts) with them;

b. the scheme will collapse of its own weight, as investment slows and the promoters start having problems paying out the promised returns (and when they start having problems, the word spreads, and more people start asking for their money); or c. the scheme is exposed, because when legal authorities begin examining accounting records of the so-called enterprise, they find that much of the "assets" that should exist, do not.

Edited by CodenameV
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