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Forex pyramid scheme philippines. Is this company a forex trading pyramid scheme. You will receive a review and experience form here. Pipc was an online forex trading service in 2007 that fooled many filipino investors with its 1015 return.
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Pipc did not appear to be a ponzi or pyramid scam but the investment program still crumbled ! leaving p11 billion loss. A pyramid scheme is a business model! that recruits members via a promise of payments or services for enrolling others into the scheme rather than supplying investments or sale of products. As recruiting multiplies recruiting becomes quickly impossible and most members are unable to profit.
It has been shut down for running a pyramiding or ponzi scheme according to the bangko sentral ng pilipinas bsp. Its also not very well regulated. Best price forex pyramid scheme even so i hope that reviews about it forex pyramid scheme will become useful.
And hope i am just a section of helping you to get a greater product. This is a philippine bank that promises interest rates of between 6 to 139 to attract depositors which is higher than the 18 to 33 that other banks offered. Illustrations by ben jones critics and regulators have sometimes equated multilevel marketing companies to pyramid investment schemes.
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