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Posted by Aegist on February 8th, 2008
Another Arbitrage investment scheme called Standford and Associates has been just brought to my attention (another one! in less than a week! surprise surprise…) following much of the same pattern as all of the rest of the arbitrage investment schemes I have come across. It promises 5% per week returns for Silver members, 10% for Gold and ‘as much as possible’ for Platinum members. Admittedly it doesn’t promise compounded returns (which is at least semi realistic), but nonetheless any sort of return of 5% ‘without risk’ every week, is still a pretty extreme claim.
Their website is highly ‘average’, and their last monthly results was from September 2007…so either they delay their past results, or this is already old news. Either way, I will post this here in case they are still contacting people and people are still looking for information on them.
As usual, I don’t have any specific information on them, but the same advice as usual applies – If a company can make 5% return a week on a sum of money – Why on EARTH would they be asking other people for money? Seriously. And if for some reason that alone isn’t enough reason to make you think twice before ‘investing’ with them, please read through this category here, and through the various threads in arbforum here.
One more thing, if you know of any other arbitrage based investment schemes, please leave a comment, post in our forums, arbforum forums, or simply email me and I will write a post on it also. Thanks!
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Comment by pwlowry@optusnet.com.au
I think some of the comments so far about Standford & Associates may be right but I don’t have positive proof. I have had dealings with them and was put on a trial trading scheme for two weeks with $1,000 to trade on the Platinum Level(15%).I did get my money back with the dividend of $404 – 10% but I convinced them to put the money back in my account before I would trade
on the Gold Level($6000 fee) which would earn 10% per week on a start up capital (min $500) – Mine was to be $6000. I just happened to stumble ‘serendipidously’ on your Hyperlink! Here ends this little venture into quick money – Phil
Posted on May 9, 2008 at 5:11 am