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Thread: Forex Scams

  1. #1
    Join Date
    Sep 2004
    Posts
    1

    VIP International Tet Forex INC

    Hi There
    This is something doing the rounds in Europe at the moment. A friend of mine made me aware of it. They have just set a lTD up in Austria and promise 800% profit in 6 months using the TET Forex programme. I know this is not possible but perhaps someone has heard about them in N America where I believe they have come from.


    http://www.at005790.vip-shop.cc/cont...ssum_index.php

    http://www.at005790.vip-shop.cc/

  2. #2
    Join Date
    Sep 2004
    Posts
    2

    Re: VIP International Tet Forex INC

    Hi all,

    I am writing from Austria, where the headquarters of the VIP Company is located. The mentioned US Company is only a subsidiary of VIP Austria, it is the Foreign Exchange Trading Company. Also a bank is in preparation, the VIP Bank of Miami, and as I know it will start to operate from Jan 1, 2005. This subsidiary is also located in the US.

    I like to share my experiences with VIP, it may be of interest for some of you.

    I became a partner of VIP on April 16, 2004. I decided to pay only an amount which is "surviveable" for the worst case, which I never hoped to experience :).
    So I bought a share in VIP Profit Sharing as well in VIP TET Forex with an amount of each 1000 Euro. (Some 1200 USD). Plus 5% Agio.

    The results:
    TET FOREX:
    With my personal website I could follow the growth of my money daily. Exactly 4 month later, on August 16th the money has doubled itself. And then I took my input out (actually the input is still there, I took the profit out).
    Depending on the amount you get a certain type of account which has different conditions. My account (with the 1000 Euro) had the conditions: 40 days the money is blocked, then I could take the profits out at any time. The possibilities are from 100 Euro (60 days) up to more than 20000 Euro (0 days). Also the profit share is different, it depends on the amount I paid. Starting from 20% (with 100 Euro) up to 60% (more than 20000 Euro) are possible. My account (with the 1000 Euro) was conditioned with 40% from the daily profits.
    The profits were on average 1% each day, and on average 1 day a week had a loss. But nevertheless, 4 month later it were 2000 Euro.

    PROFIT SHARING:
    The Profit Sharing program promised a one time advance payment for the profit sharings. If you agree (and I did), you get instead of yearly profit sharings a one time advance payment in the amount of the 10fold of the holding. This meant for me: 1000 Euro holding, one time payment of 10000 Euro.
    Almost. Some fees are subtracted and a certain amount is put into TET Forex (which will pay back the one time payment). In the meanwhile I have to pay 3% of the 10000 Euro each year for providing fees. Maximum 10 years, most likely less, because, as soon TET Forex paid back the 10000 it will pay back the providing fees. Then I have nothing to pay more. After paying back the providing fees, all profits from TET Forex belong to me.
    This is in numbers:
    I got 7500 Euro, this is some 750% profit. In April the clearing time was only 2 months. I was extended gradually, from October 1st on it will be 6 months.


    To make a decision whether to take part or not in this programm, I calculated the risks.
    Profit Sharing: 100% risks for 2 monthts (now for 6 months), 750% chance in the same time
    TET Forex: 100% risk for 4 months, 200% chance in the same time

    Boths programms have clearly defined risks and chances. So this is better than in some other investments.
    This fact of clear risks and chances helped me to decide positively.
    The one time fee of 445 Euro (545 Euro from Oct 1, 2004) was ok for me, since I got a start package with some health stuff (health is a part of the VIP philosophy) and also my personalized website http://at002596.vip-shop.cc/ which allows me to sponsor new VIP partners (which is NOT a must!) and earn a little commission for each. So you understand, why I would be happy if you register yourself at http://at002596.vip-shop.cc/. You may register yourself either as a Profit Sharing Shareholder or a TET Forex Shareholder or both or just as a visitor without any liabilities.

    The website is available today, Sep 29, in german and italian language. As I know, a translation to the following languages is in preparation:
    English, Czech, French, Spain, Slovenian, Hungarian, Slovakian, Romanian and additionally some other languages are planned for future.

    Until the English website is available, you may write to me of course. If i can answer seriously to your questions, I will try to do so, as good my english language abilities will allow :)


    My email address is: [email protected].




    I hope these expieriences are helpful for some of you.

    E

  3. #3
    Join Date
    Sep 2004
    Location
    Reality
    Posts
    947

    Re: VIP International Tet Forex INC

    Quote Originally Posted by mcm
    Hi all,

    I am writing from Austria, where the headquarters of the VIP Company is located. The mentioned US Company is only a subsidiary of VIP Austria, it is the Foreign Exchange Trading Company. Also a bank is in preparation, the VIP Bank of Miami, and as I know it will start to operate from Jan 1, 2005. This subsidiary is also located in the US.

    I like to share my experiences with VIP, it may be of interest for some of you.

    I became a partner of VIP on April 16, 2004. I decided to pay only an amount which is "surviveable" for the worst case, which I never hoped to experience :).
    So I bought a share in VIP Profit Sharing as well in VIP TET Forex with an amount of each 1000 Euro. (Some 1200 USD). Plus 5% Agio.

    The results:
    TET FOREX:
    With my personal website I could follow the growth of my money daily. Exactly 4 month later, on August 16th the money has doubled itself. And then I took my input out (actually the input is still there, I took the profit out).
    Depending on the amount you get a certain type of account which has different conditions. My account (with the 1000 Euro) had the conditions: 40 days the money is blocked, then I could take the profits out at any time. The possibilities are from 100 Euro (60 days) up to more than 20000 Euro (0 days). Also the profit share is different, it depends on the amount I paid. Starting from 20% (with 100 Euro) up to 60% (more than 20000 Euro) are possible. My account (with the 1000 Euro) was conditioned with 40% from the daily profits.
    The profits were on average 1% each day, and on average 1 day a week had a loss. But nevertheless, 4 month later it were 2000 Euro.

    PROFIT SHARING:
    The Profit Sharing program promised a one time advance payment for the profit sharings. If you agree (and I did), you get instead of yearly profit sharings a one time advance payment in the amount of the 10fold of the holding. This meant for me: 1000 Euro holding, one time payment of 10000 Euro.
    Almost. Some fees are subtracted and a certain amount is put into TET Forex (which will pay back the one time payment). In the meanwhile I have to pay 3% of the 10000 Euro each year for providing fees. Maximum 10 years, most likely less, because, as soon TET Forex paid back the 10000 it will pay back the providing fees. Then I have nothing to pay more. After paying back the providing fees, all profits from TET Forex belong to me.
    This is in numbers:
    I got 7500 Euro, this is some 750% profit. In April the clearing time was only 2 months. I was extended gradually, from October 1st on it will be 6 months.


    To make a decision whether to take part or not in this programm, I calculated the risks.
    Profit Sharing: 100% risks for 2 monthts (now for 6 months), 750% chance in the same time
    TET Forex: 100% risk for 4 months, 200% chance in the same time

    Boths programms have clearly defined risks and chances. So this is better than in some other investments.
    This fact of clear risks and chances helped me to decide positively.
    The one time fee of 445 Euro (545 Euro from Oct 1, 2004) was ok for me, since I got a start package with some health stuff (health is a part of the VIP philosophy) and also my personalized website http://at002596.vip-shop.cc/ which allows me to sponsor new VIP partners (which is NOT a must!) and earn a little commission for each. So you understand, why I would be happy if you register yourself at http://at002596.vip-shop.cc/. You may register yourself either as a Profit Sharing Shareholder or a TET Forex Shareholder or both or just as a visitor without any liabilities.

    The website is available today, Sep 29, in german and italian language. As I know, a translation to the following languages is in preparation:
    English, Czech, French, Spain, Slovenian, Hungarian, Slovakian, Romanian and additionally some other languages are planned for future.

    Until the English website is available, you may write to me of course. If i can answer seriously to your questions, I will try to do so, as good my english language abilities will allow :)


    My email address is: [email protected].




    I hope these expieriences are helpful for some of you.

    E
    RULE:
    Office in Florida = SCAM.

    Trust me on this.

  4. #4

    Re: VIP International Tet Forex INC

    800% ?! where do I sign up.

  5. #5
    Join Date
    Sep 2004
    Posts
    2

    Re: VIP International Tet Forex INC

    Quote Originally Posted by dizemoore
    800% ?! where do I sign up.
    try it here http://at002596.vip-shop.cc/

  6. #6

    Re: VIP International Tet Forex INC

    i like to now is that vip-shop is ok and are you earn some money till now?
    tnx

  7. #7
    Join Date
    Oct 2004
    Posts
    1

    Re: VIP International Tet Forex INC

    What is going on with VIP Internacionale? I heart that VIP Internacionale dont work anymore!!! Can someone told me something about that?

    Please write me! My e-mail addresse is [email protected]

    Thank you!

  8. #8
    Join Date
    Feb 2005
    Location
    Florida
    Posts
    8

    Forex or Global Financial Corp...

    Hi;
    I am considering selling a fairly well put together Forex software and I wanted to see if anyone has had any experience or knows anything good or bad.
    www.forextheeasyway.com or global financial corporation.


    Thanks in advance!
    John
    :confused:

  9. #9
    Join Date
    Feb 2005
    Location
    US
    Posts
    1

    Re: Forex or Global Financial Corp...

    :) Never heard of them, but WHAT an interesting piece
    of software! I may buy it myself! At least they have
    phone numbers listed! Why not call them and ask
    questions?

  10. #10
    Join Date
    Feb 2005
    Location
    Florida
    Posts
    8

    Re: Forex or Global Financial Corp...

    Thanks for posting a response. I have done some due dilegence and everything looks very good.
    Let me know if you are interested in purchasing and I would be happy to give you more info and a demo, as I will be up and running in a week, and ready to sell.

    Thanks!
    John
    Email me: [email protected]

    :)

  11. #11
    Join Date
    Apr 2005
    Posts
    1

    Re: Forex or Global Financial Corp...

    Quote Originally Posted by JaxJohn
    Thanks for posting a response. I have done some due dilegence and everything looks very good.
    Let me know if you are interested in purchasing and I would be happy to give you more info and a demo, as I will be up and running in a week, and ready to sell.

    Thanks!
    John
    Email me: [email protected]

    :)
    :confused: Hey JAX John
    I am wondering how have you done with this program? It has work for you? Making any money? let me know it really sound good.

  12. #12
    Join Date
    Feb 2005
    Location
    Florida
    Posts
    8

    Re: Forex or Global Financial Corp...

    Hi:
    To be honest, I stopped doing it, because I just did not have the time or cash flow to really get into it. It is a great concept, just something I could not commit to right now. I am hoping to get back into it sometime soon, and will let you know.

    Thanks!
    JaxJohn

  13. #13
    Join Date
    Sep 2004
    Posts
    2

    Re: Forex or Global Financial Corp...

    In which countries are the software available, ie can it monitor the markets of different countries, from different countries?
    If I do not live in the USA, can it monitor the market in the USA from Mauritius, for example?
    I live in Mauritius most of the year, and my financial and other transactions/assets are in South Africa, can it work on the forex part of the Johannesburg Stock Exchange (JSE) ?

    Oh, and just as a note, I do trading as a hobby with my own personal money, and I am not involved, and never has been with "Leaderguard Securities" branch in Mauritius that recently made a bugger-up and lost R300 million.
    Anyway, interesting piece of software.
    Tell more!
    Last edited by plm; 04-24-2005 at 05:51 AM.
    plm

  14. #14
    Join Date
    Feb 2005
    Location
    Florida
    Posts
    8

    Re: Forex or Global Financial Corp...

    Hi:
    Because this is Forex software, it can work no matter where you are, so Yes, because you are based in South Africa, it can and does work there, monitoring the Forex market.

    If you would like to see a demo or purchase, please let me know.

    The software is: $2995/year and the minimum investment to get started is $10K. The President of the company puts a guarantee in writing, that if you don't make 35% on your money after a year, the software is free.

    Thanks!
    JaxJohn

  15. #15

    Re: Forex or Global Financial Corp...

    If they have cracked it, why on earth are they selling a system!

    IMHO, a system like this can still cause ANY 'investor' to lose money, because it cannot take into account each individual's risk tolerance/appetite.

    Automated forex trading is available without this software. You certainly don't have to pay $3k to find a system that does the same thing.

    How does that guaranty work? Let me see, they take your money for one year? and if it doesn't make 35% they return your money? or? I would like to get hold of a couple of million for one year, invest in T-bills and live nicely on the income.

  16. #16
    Join Date
    Sep 2004
    Posts
    2

    Re: Forex or Global Financial Corp...

    I do not need it to invest for me. That I can do myself. I am looking for another reliable system that can monitor the markets. That is all.
    Something that can monitor it 24 hours, with some very good UPTIME. Available. I am living on the other side of the world.
    plm

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