http://www.francswiss.biz/main.html
It seems this is causing some waves at the moment. People are asking about it trying to confirm if this is a real thing or just another scam.
The best thing to do is to read more on feedbacks from others who are already members and also check it's web reputation.
Good luck :)
19 comments:
uhhh... what's francswiss.biz???
it's the new thing for money scam (they said). check about it on google to get additional info :)
Re: [YP] re: Beware of mutual fund scams!
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Yes you are very accurate in your assessment of such investment proposals. I share your general sentiments on said issue. I urge you and anyone else who may have fallen prey to such scams to report this to the Anti Money Laundering Council Secretariat, 5th Flr. EPDC Bldg. Central Bank of the Philippines.
Lately, I have been approached by a few friends who have been inviting me to check out smfund and francswiss as a surefire way to earn a quick buck. For those who have not heard of these and similar supposedly very high yield "mutual funds", these sites give investors a very high yield of 4.5% a day provided you give them $1000 and entice downlines to invests also.
I am surprised that more and more people are being duped by these foreign scammers! You know why?
It is because of two reasons: GREED and APATHY.
I will not dispute that those that have invested are earning now. I will not also dispute that some people will swear that they have earned or already attained ROI already. I will not also dispute that some upper lines will even give a "downpayment for free" for their downline to invest.
What I would like to tell those who are pushing these "investments" is this.: YOU are being duped to be part of the SCAM! This is a classic example of a PONZI scam or pyramid scam. A few years ago, there was Multitel headed by a Ms. B and promoted by actresses, singers, and noted personalities was able to rob a stunning P10Billion pesos from her victims. This time, these new scams are targeting this time former celebrities, childrens of politicians, bank employees, etc. again as their spokespersons to gain other peoples trust.
So whats wrong with earning? NOTHING.
It is when you HURT others in process of WINNING is whats WRONG. When you hurt others, believe me that YOU WILL PAY THE CONSEQUENCES. It may not be direct, not now, not from those that where hurt but I assure you, it will come.
A lot of those who are earning now are inviting their friends, relatives, siblings and parents, clients to invest and be part of their downline. NOW IMAGINE THE CONSEQUENCE OF WHAT WILL HAPPEN if those websites where these scams are located suddenly turns off!
Why am I writing this and telling all of you this? For one, I would like to warn those who I know and those who I don't know to stop now before it gets worse. Secondly, I CANNOT and WILL NOT sit down while I see that we Filipinos are being duped by these foreign Scammers of our hard earned money! IMAGINE what happens to our economy if $1 Billion dollars is suddenly lost because of these scammers? How about a one day loss of US$10 billion?
Help me and pass this email around to your friends, families, acquantances, law enforcers, etc. Let us not be SCAMMED, be part of a SCAMMED, or let other be SCAMMED!
PEACE!
sa mga nagmamalasakit!!!!!!!!!!!
hehehe tama ka jan... wag mag invite para wala kawawa.. ako investor ko ng Francswiss... wala ko pakialam sa mga sinasabi niyong scam, GO! sumugal pa din ako. may extra money ako e. now ROI nako... so im earning na and the same time safe na without hurting someone under. KAYO KAYA NIYO SUMUGAL? hindi kasi.. nyahahaha
ohhh francswiss....im an investor too, i invested $2000 and got it back in 24 days,i have a spare money kasi e..and now im earning $90/day no sweat.kanya kanyang trip yan, walang pakialaman..if you don't want a karma e di don't invite others.just enjoy your daily interest.fellow bloggers all investors of this what you call scam are aware that this will not last...SUGAL nga diba....kanya kanyang trip lang yan...so please lang..remember MULTITEL collapsed because of paninira. dahil sa mga magagaling mamulitika nag pull-out ng invetment mga investors e di ayan bumagsak.yun lang yun e....
Yes folks a new vice is in town!
Its called francswiss!
Its good, for those who can afford it now. That's Good.
But like any other vice, in the end we will all say, If only I have listened!
Investors Beware!
The Philippines will be very rich if our money will be put in here ha Pres GMA?
But its a fool's gold.
Its not true! Its a scam!
see www.sec.gov.ph for other guidelines on scams.
Be informed! Its our best defense!
ayan oh! ano 4 days na kayo walang kita...
HeHE!
wawa naman kayo...
wala na pera nyo!
FRANCSWISS SERVER OK! ROI nko! hehe ! Sorry nlng mga losers na wla gnawa kundi manira! Filipino mentality! Cno kya loser ngayon?haha! Mas mbilis na pgdating daily interest ngyon! I just transferred $360 sa atm ko Banco de Oro today. Net income na po un frOm my investment na NABAWI ko na! BWAHAHA LOSERS!!!!THANK YOU SO MUCH FRANCSWISS!!
Scam?? Anong scam? I already have $360 sa account ko... its just my 8th day. Paano naging scam yan? Francswiss is paying, whether you like it or not.
ako i joined na din.. so far theyre paying and im happy!! go francswiss!!
Francswiss here I come! - from Frank hughes
Hay! ewan sa mga nag sasabi na scam ang francswiss wala lng kyo lakas ng loob. evrything is sugal ganun talaga. pero ako safe na ako. nabawi ko na ang invest ko nag dagdag pa ako ng isa at ayun bawi narin ulit.. im earning $90 a day sa Interest lng. sarap.. And this comming few weeks, mag kakaroon na ng Debit card Card for FrancSwiss. so Encashment of money makes easy.. GOGOGO FRANCSWISS.. ILOVEYOU!!!!!!
for me francswiss is not a scam kasi kahit wala kang recruit kikita ka like me... kung me sobra kang money go pero sa mga wala dont kasi alam ko na mahirap ipagkatiwala ang konti nating pera... pero kung sobra naman why not try... ksi ako member din dito... nakuha ko na ang puhunan ko gaya ng iba i just enjoy now the daily interest.. kahit kung minsan out ang website nila but still nag oopen parin afterwards. yung mga nagsasabing scam ito A BIG NO!!! kasi kumita na ako dito at until now kumikita pa rin... Kaya francswiss is really a sure investment sana tumagal pa ito ng taon.
raquel
hello.. just want to ask.. how did you transferred cash on your atms??
how long did it take??
in 2 weeks bawi ko na investment ko, wla naman ako pinilit na mgjoin.. cla p ngpupumilit sumali at kinukulit ako! go francswiss!!
As posted on ABS CBN News: http://www.abs-cbnnews.com/storypage.aspx?StoryId=83376
SEC renews warning vs Internet-based Ponzi schemes
By ZINNIA B. DELA PEÑA
The Philippine Star
The Securities and Exchange Commission has renewed its warning to the public against the re-emergence of companies engaging in Internet-based Ponzi schemes.
A Ponzi scheme is a type of investment fraud wherein an operator promises high financial returns that are not expected from traditional investments. Instead of investing the victims’ funds, the operator pays the original investors with the money given by subsequent investors. Usually, enough money is returned to the original few investors to make them believe that profits are actually being realized.
In a notice to public, the SEC said Francswiss, Swiss Cash, Universal Forex System, Global America and Private Forex Trade Inc. are not registered entities and are thus not authorized to solicit investments from the public.
SEC Compliance and Enforcement Department head Hubert Guevara said Private Forex Trade has been found to be misleading the public by showing a fake SEC certificate of registration on its website.
The following are some of the features of an Internet-based Ponzi investment scheme: no SEC registration, investments should be made in foreign currency, preferably in US dollars; uses a binary network to earn commissions, no paper trail, promises little or no financial risk, assures pay-off of investments in a short time, uses high-pressure methods to convince investors to reinvest their earnings and unknown principal office, address, founders, directors or officers.
“This investment scheme ordinarily collapses as fast as they are created while leaving its investors behind and unable to recoup their investments,” Guevara said.
Guevara has advised the public to immediately report to the SEC any offer of investment made by persons who represent these entities or other entities using similar modus operandi to ensure that appropriate enforcement can be taken.
Pseudo-investment firms offer high interest rates ranging from five to 15 percent a month to entice the public to put in their hard-earned money.
The yields are significantly higher than the four to five percent annual rate on Treasury bills.
It's now a scam. Site is down and cannot be accessed anymore. Read more here.
http://www.pinoymoneytalk.com/2007/06/22/is-francswiss-a-scam/
Excellent website. Good work. Very useful. I will bookmark!
Great information! I’ve been looking for something like this for a while now. Thanks!
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