Amazing5 Scam Shutdown
Shortly after their announcement of being 6 months online, the Amazing5 scam has gone offline and disappeared from social media. They provided little or no warning.
The end has come for yet one more high yield investment scam. There have been many warnings made about this fraudulent money making opportunity. It is sad that many did not listen.
Here are some of the claims Amazing5 made:
They claimed that if you invested between $20 and $500,000 with them for 31 days you’ll earn a return of 5% every day. After one month you’ll have earned a 155% return on your investment.
Amazing 5 Limited offers you a wide range of professionally managed funds designed to meet your investment needs. Our investment portfolios are designed in such a way that each participant, regardless of the income level, can fully participate and earn money.
The key to our long-term financial success is working hard to identify and develop opportunities that create Multi-Streams of Income. Maintaining diversity and establishing opportunities across the globe is what makes Amazing5.net a true success. Currently, we are working on projects in some of the most exciting industries with operations in the world’s top markets.
Amazing5 Limited is a fully registered investment company based in the United Kingdom.
The Corporate Headquarters of Amazing5 Limited is located here: 8-9 Talbot CT, London, United Kingdom, EC3V 0BP.
Here is the Amazing5 6th month announcement:
#Apr 21st, 2016
#PROSPECTS FOR 2016
#Greetings to all customers and partners of Amazing 5
Today is exactly six months since the start of our program. We would like to sum up the results of the past six months and share our plans for the near future. We often faced various difficulties in the past, but we successfully overcame them and grew and developed together with you. At the moment, all our efforts are aimed at improving the stability of the service and quality of the customer support, which, in turn, will improve the operation of the service in the future.
As you know, Amazing 5 forges ahead and strives to develop in various areas by actively searching for new instruments for investment in the long-term run. In this regard, the management of Amazing 5 decided to enter the Chinese investment market and cooperate with Chinese hedge funds.
As it is known, China has sharply increased the amount of direct investment in the EC countries and the United States: in January this year, the country’s foreign investment totaled $12 bln, which exceeds the previous year figures by 18.2%. In January, Chinese investment in the US grew 3.4 times compared to January 2015. Chinese business has invested €3,1 bln in direct investment in the Spanish economy, including major transactions in excess of €100 mln – for the purchase of shares in the company in the telecommunications company Telefónica, a network of hotels NH Hoteles and Meliá, Banco Santander, infrastructure company Madrileña Red de Gas and food company Miquel Alimentación. A significant growth of investments in the Netherlands (+178%) – up to €3,470 bln – and Switzerland (+400%) – up to €4 bln – was observed.
In 2016, we are going to cooperate within the projects in the most profitable sectors, committing joint operations at major Chinese venues. That will allow us to significantly grow the financial base and strengthen positions in world markets.
Here is a video by one person that tried to warn people about this scam:
Red flags for fraud and common persuasion tactics
How do successful, financially intelligent people fall prey to investment fraud? Researchers have found that investment fraudsters hit their targets with an array of persuasion techniques that are tailored to the victim’s psychological profile. Here are red flags to look for:
If it sounds too good to be true, it is. Watch for “phantom riches.” Compare promised yields with current returns on well-know stock indexes. Any investment opportunity that claims you’ll receive substantially more could be highly risky – and that means you might lose money. Be careful of claims that an investment will make “incredible gains,” is a “breakout stock pick” or has “huge upside and almost no risk!” Claims like these are hallmarks of extreme risk or outright fraud.
“Guaranteed returns” aren’t. Every investment carries some degree of risk, which is reflected in the rate of return you can expect to receive. If your money is perfectly safe, you’ll most likely get a low return. High returns entail high risks, possibly including a total loss on the investments. Most fraudsters spend a lot of time trying to convince investors that extremely high returns are “guaranteed” or “can’t miss.” They try to plant an image in your head of what your life will be like when you are rich. Don’t believe it.
Beware the “halo” effect. Investors can be blinded by a “halo” effect when a con artist comes across as likeable or trustworthy. Credibility can be faked. Check out actual qualifications.
“Everyone is buying it.” Watch out for pitches that stress how “everyone is investing in this, so you should, too.” Think about whether you are interested in the product. If a sales presentation focuses on how many others have bought the product, this could be a red flag.
Pressure to send money RIGHT NOW. Scam artists often tell their victims that this is a once-in-a-lifetime offer and it will be gone tomorrow. But resist the pressure to invest quickly and take the time you need to investigate before sending money.
Reciprocity. Fraudsters often try to lure investors through free investment seminars, figuring if they do a small favor for you, such as supplying a free lunch, you will do a big favor for them and invest in their product. There is never a reason to make a quick decision on an investment. If you attend a free lunch, take the material home and research both the investment and the individual selling it before you invest. Always make sure the product is right for you and that you understand what you are buying and all the associated fees.
– Source investor.gov
A scam copy cat website of Amazing5 has already been reported as being created:
Amazing5 Scam Conclusion
No mater how nice the website looks, don’t invest your money in a high yield investment scam that offers ridiculous rates of return.