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anyone here heard of francswiss.us? i heard that it has a minimum investment of $1000 US. and you earn $45 per day. more if you get others to join. does it sound like a scam?

 

first, what is your interpretation of 'scam'? Scam can mean two things:

 

1. The whole thing/business/propaganda is a scam but really pays, and

2. no one gets paid and just fool and take people's money.

 

Francswiss really pays. Im a part of it. You can get your return of investment (ROI) in 23 days. PM me if you want more details.

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when it seems too good to be true, it really is. :)

here's what i got off another forum:

 

"Someone inquired about FRANCSWISS. It is a scam. I thought I should share some blogs about scams with you. Here we go.

 

From Wikipedia under "Ponzi Scheme":

http://en.wikipedia.org/wiki/Ponzi_Scheme

 

Quote:

In October 2006, in Malaysia, two prominent members of society and several others were held for running an alleged scam, known as SwissCash or Swiss Mutual Fund (1948) . SwissCash offered a returns of up to 300% within a 15-month investment period. Currently, this HYIP investment is offered to citizens of Malaysia, Singapore, and Indonesia. It claimed investors' funds were channeled to business activities ranging from oil exploration to shipping and agriculture in the Caribbean. The company claims to be operating out of a New York and incorporated in Commonwealth of Dominica.[5] [6] [7]

 

This is a warning to everyone. These goons are active in the Metrowalk area (Bullfrog cafe) or any prominent internet cafe location. They use internet cafes as "trading floors" for their racket. They target middle class yuppies with the lure of high returns--even quoting the performance of stock markets/forex markets for their cause.

 

Please do not fall for it. If you know anyone who is a current "victim"--advise them to get their money out immediately (if they can). Please help curb this nasty practice. Ponzi schemes appear during bull markets.

 

Previous similar scams include:

1. Multitel Investment Corp (not related to the stock)

2. G Cosmos Marketing

3. Kendeigh Foreign Exchange

4. Grand Post International

5. Mateo Investment Group

 

SMFUND is the "older" incarnation of Francswiss. They had some of their members post advertisements in ebay.ph trying to get people who are looking for quick money to join in. It is not related to SM Fund of Henry Sy grp.

 

A cardiologist called Dr. Lynne Rivera, formerly of of Makati Medical Center (she is about to be kicked out of there) is another person to watch out for (says an acquiantance) - and her "First Domain" supposed finance company which closed down.

 

Another blog post: "guys there is a new one: Equitrust FX International Corp. its address Suite 709 Manila Bankers Building. Ayala Avenue, Makati. 5% interest a week and take note $200K ang investment mo! alam nyo guys yun person behind this company as far as i know ay may mga previuos ventures na talagang questionable! ang pinagtataka ko hanggang ngayon d pa rin cla nahuhuli!"

In case memories are short:

 

Kendeigh Foreign Exchange (c. 2002)

http://www.offshorebusiness.com/mess...=5577&page=123

 

Mateo Management Group and other ponzi scams

http://www.mlmwatchdog.com/3_MLM_Philippines.html

 

G Cosmos of Japan (remember that Japanese dude who put large billboards on Edsa? Claiming to want to "help the Filipino people"?)

http://www.iht.com/articles/2002/03/30/mjapan_ed3_.php

 

SEC Brochure on "Investment Scams"

http://www.sec.gov.ph/advisory/SEC%2...y,04182002.pdf

 

More history lessons:

 

This was Rose Baladjay's Mutitel Investment Corp:

http://money.inquirer.net/features/p...dd=11&file =1

 

It's always the same story of these fraudsters. Once they get a good thing going, they go nuts and start spending their money like Babylon. If it looks too good to be true, it probably is.

 

Courtesy of Mark T Market"

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I got this from another forum.

 

'The Swiss Cash program was launch on April 2005 and Michael

Mansfield has been appointed as Chief Financial Officer. According to

the information on the home page, the fund will be invested in

various fields like development project, equity, HYI, commodities,

foreign exchange and others.'

 

'Michael Mansfield' is the CFO of both Swisscash and Francswiss ---

are the same scam artist.

 

In Swiss investment market, the highest you can get on investment

instruments (bonds and mutual funds) are between 12-15% per annum on

short-mid term investment (2-4 years). That's with UBS and

CreditSuisse. Well compare that withh 1,642% interest earnings per

year.... too good to be true.

 

Cheers,

1,642% interest earnings per year

ROFL

 

some other observations....

 

 

- The website mentions a US address but no phone numbers.

 

- The Domain Name registration (checked through Whois) shows an Alabama address but no contact details. E-mail address goes to somebody in Singapore. Domain Name was registered only in 2007, expiring in 2008. If they were legitimate, they will be more transparent in terms of their legal entity.

 

- Their scheme shows elements of a Ponzi-scheme pyramid scam. No legal investment company will engage in the type of multilevel marketing that they are doing. This is definitely against US SEC regulations. If they do this in the US, they will be closed down in a matter of days.

 

What they will probably do is make the first few payments, taking money from other investors and juggle the funds around. Eventually, they will run out of money - but not until they've salted away a lot of unsuspecting people's hard-earned money to their offshore bank accounts.

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bakit down website ng francswiss? why o why? :unsure:

 

changed from www.francswiss.us to www.francswiss.biz

ang tanong aabot ka pa kaya sa time na makukuha mo ang buong investment mo. hehehehe. this is a scam

 

this is a risk investment, all investors know the consequences, we are not stupid. Just like a regular business, not all are destined to succeed. May malulugi't malulugi. Let's see what will happen, then i'll inform you guys. But so far im getting $$$$.... cash.

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mga bros, eto maliwanag na networking/ pyramid scheme na naman ito...

 

FRANCSWISS FINANCIAL PLAN (FFP)

 

The FrancSwiss Financial Plan is a binary system in which you can sponsor only two investors onto your downline organization (left-side and right-side) and let your uplines do the expansion for you. Everyone else goes beneath your downline. You can earn commission based on the balanced SIP Investment accumulated by your left-side and right-side downline. Minimum SIP per investor is $1000, which will earn 4.5% interest daily.

 

FrancSwiss Trading Account is a Virtual Office designed personally for its members for the purpose of paying your monthly FFP commissions. In this Trading Account, every investor has his own Trading Account ID that allows him to monitor the status of his investment. His Total Returns, Total FS Accumulated Profit, Net Profit/Lost, and his FS Daily Interest.

 

This facility also allows you to transfer your available Epoints to another investor to activate his account. Encashment of your FS Daily Interest can also be done in this facility.

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got a friend who invited me to join this. A bit scary though. Did you get your $1000 back?

 

 

60 days ang terms bro, so wala pa.

But the thing is its working. 45 USD per day ang interest.

So you should be able to get your 1000USD in 22 days.

Too good to be true. Kaya i would only recommend it for risk takers. Yung kayang magpatalo ng 1000USD without

going broke. This could be over in a few months.

FOr me, I only set my short term goal, once achieved, I'll cash in.

Edited by Jack Bauer
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my advice to you is once your investment mature, pull it out. There are no such things as high return per day.

 

That's right man...

 

But, my friend here is into it. He knows the consequences...

he says he'll stop after a year, lolz!

 

he has a two account now, enjoying every payday of his dividends.

he immediately collect every $100 incurred, wise ika nga?

 

but the good thing here is he can withdraw his dividends everytime he want,

to the person who refer him to put up the said investment.

 

maturity of the $1000 principal investment is two months.

this is locked for the period of 60 days....

 

so, be careful fellow MTC'er about this investment...

here in the Philippines, as we know a lot...

 

too many victim suffering it now for their big investment

my boss, my classmate, my friend... are victims too...

 

but, what happen to the owner (the like of MTST, etc..)

still in jail but not sentence to death, di ba?

 

well, if this FranchSwiss is a scam, what's out???

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definitely a scam! ... but a few fortunate ones who got in early will make some money. as long as there are "suckers" who keep "investing", then the scheme will keep working. but like all pyramid schemes, there will be an end... and when that time comes, there will be a some winners and a whole lot of losers.

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