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RiskFreeProfit: Aegist vs Scam.com

Posted by Aegist on June 10th, 2006

Scam.com. A forum-based website where people can go to discuss whether online businesses, offers, websites, claims are scams or not. Great idea right? I thought so. I think it is important to have places online where you can find out if you are about to be ripped off or not. I have used the services available at Scam.com several times myself. When I found www.MoreThanTraffic.com I thought “This sounds way too good to betrue” so I googled it, found this thread: http://www.scam.com/showthread.php?t=11412&page=1&pp=40&highlight=MoreThanTraffic and participated. You may notice if you cared to look that I only participated for about the first 3 or 4 pages, because everything after that seemed like overkill, and it is still going. I also made a thread about SportsArbitrageInvestor there because no one else had and it needed to be exposed thoroughly.

So conceptually, I love Scam.com. In practice though, I have found it to be populated by overzealous scamsayers who are so  quick to accuse anything online as a scam, that rational discussion and evidence have nothing to do with it. I have seen this time and time again in these forums, and it concerns me that when a website sets itself up as the internet scam police, there is no one around to police the police. Who do they have to answer to? How visible are the posters on this forum? They aren’t, and they care little of the consequences of their actions and do whatever they want. This distresses me a little, but not overly because I am well protected: I am aware of its existence and I know how to argue (I’m a major in Philosophy and history and philosophy of science amongst other things). So I look forward to the chance to defend my actions, my website, and what I do publicly. Bring it on. So when I found a thread asking whether RiskFreePool was a scam or not, I just had to particpiate didn’t I?

First of all, RiskFreePool is a member only benefit of RiskFreeProfit. Members are allowed to buy units in the pool which is a large fund being traded by a number of professional traders. At the moment members can buy up to $1000 worth of units, and the investment term is for 1 year (no exceptions). There are some very draconian rules with this investment pool and if you break them or want to withdraw before the year, it will cost you. I think the rules are probably one of the best indicators for the non-scam status of this investment, but I am not here right now to defend it so much as paint the picture for everyone who doesn’t know what the RFPool is. The most important fact about RFPool which gives me confidence in it, is the fact that RFP never guarantees any returns. If they actually were to lose money somehow from the pool, then thats what they will report. Unlike all of the scam HYIPs out there which guarantee you will make 10% a day and BS like that, RFP offers a high yield investment program which returns whatever their traders can make minus commisions. Simple as that.

And with that ever so basic understanding of the Pool, welcome to the joke that is the RFPool thread at Scam.com.

Shane

PS: please leave comments here, or post in our forums (or in the scam thread if you wish) if you think I have said the right thing, or the wrong thing, or you want to argue one way or the other. As I stated in that thread, I am interested in the truth of this matter. It’s just unfortunate that the scamsayer present had no ‘ammunition’ himself.

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