EMoney Global Review – A Duplicate of Amazing 5 Investment Scam
What is EMoney Global? Is it a scam? It is just another new High Yield Investment Program (HYIP) that aims to steal your hard earn money. Should you really trust this new investment company? The answer is NO. Read my honest EMoney Global Review and find out why you should stay away from this internet investment scam.
EMoney Global Review
What is EMoney Global?
Name: EMoney Global
Website address: emoneyglobal.org
Price: $1 – $ 25,000
Status: 100% Scam
Overall Rank: 0 out of 100
Let me keep the long story short, EMoney Global is a duplicate of Amazing 5 that has officially shut down a few days ago.
A scam copycat website of Amazing5 has already been reported as being rebranded as emoneyglobal.org.
Look at the official site of EMoney Global below, does it look familiar to you?
Yes, it is exactly the same design template as Amazing 5.
Should You Trust EMoney Global?
You should not trust this investment company at all! Stay Away from EMoney Global!
#Red Flag 1 – Domain Expiry Date
Why I said EMoney Global is a scam because the registered domain is expiring on April 15, 2017. If this is a legitimate business, why would they register the domain only for such a short period of time?
Obviously, they are not planning to operate the business for a long term. They steal your money and disappear like what they did with Amazing 5.
#Red Flag 2 – Buggy Website
The official website is not fully in operation yet.
#Red Flag 3 – Proven Ponzi Scheme
They offer referral program. This is a typical trick from most of the HYIP on the market. They offer to reward “referral fees” to investors for bringing in additional members.
That’s how a Ponzi scheme is operated. They recruit new members to sustain the pyramid scheme. They need “new” money to generate “returns” for the older investors by acquiring new investors.
It is a fraudulent investment scheme where they pay returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.
It is a pyramid scheme that typically collapses in the end because it requires exponential increases in participants to sustain the business model. That simply means the scheme cannot go on forever.
IEMoney Global probably still pays their investors for now as the program is still relatively new on the market. When there is insufficient investment fund from the new recruitment to the older investors, the entire structure will collapse.
See illustration below.
#Red Flag 4 – Vague Investment Information
Obviously, there is a lack of details on how EMoney Global manage the invested fund from the public. EMoney Global tends to be vague about the strategies used in the investment programs and how they help to generate interest by trading on Forex market.
Furthermore, they are not backed by a real and verified trader. There is no proof and information at all on who are running behind the scene.
EMoney Global provides very few details about how they run the company and how profits are generated. HYIP like EMoney Global should always be able to explain how they intend to generate returns.
I have tried very hard to find out their investment strategies but they do not give adequate information on how their financial instruments work.
This is your hard earned money, please do not be afraid to ask questions. A genuine financial professional will usually be happy to explain in detail the investment program they are marketing. Unfortunately, EMoney Global fails to do so.
#Red Flag 5 – E-Currency Account
You are required to open an e-currency account to invest. You have to know that e-currency accounts are often not licensed as a money transmitter.
It is highly risky to invest your money through these unlicensed money transmitters, especially they involve international operations, which means it may be very hard, if not impossible, to get your money back.
#Red Flag 6 – High, Unsustainable Yields
I have years of experience in investments. Historically, investments in most large corporate stocks return less than 10% per year. Usually, HYIP scams offer between 1 percent to 2 percent daily profits to its members. As for EMoney Global, they offer unrealistic ROIs, in which none of the legitimate investment company on the market can offer.
I am not a fan of these HYIP programs. It is very rare that I recommend them because there are some things you need to know before you dive into this and throwing your hard earned money around.
Based on my observation, it is very clear that EMoney Global is an investment scam.
I have tried some of the HYIPs before and I have been scammed once. I hence did a thorough research and only discover how these “investment” scams operate and steal our money.
Why do people keep joining HYIPs knowing that they are Ponzi schemes?
All these Ponzi Schemes are aimed at people who want to get rich quick and do not want to take the tried & tested route of – hard work = success.
Most people want to make lots of money quickly and the legal options are often very limited (e.g. Lottery). When a product promises to give you exorbitant returns, people tend to believe it due to our greed.
However, most of the people end up losing their savings and hard-earned money.
I wrote an article on How to Invest Online Without Being Scammed. This should serve as a reference when you look for a legitimate investment company on the internet.
It’s Your Turn Now
Please share this article with your friends and family members so that they do not fall into the trap of another HYIP scam, EMoney Global.
If you have any questions or comments, let me know in the comment box below.