Wealthy City Limited Review – Is It a Scam? Beware of this HYIP
Can you really make 200% Daily Return and 1500% Monthly R.O.I. with Wealthy City Limited? Is it a scam? Is it a legitimate fund management company? Read my Wealthy City Limited review and find out. Beware of this HYIP.
Wealthy City Limited Review – Is It a Scam?
What is Wealthy City Limited?
Name:Wealthy City Limited
Website address: wealthycityltd.com
Price: minimum deposit of $10 and maximum of $50,000
Overall Rank: 0 out of 100
Registration: UNITED KINGDOM
Wealthy City Limited is just another High-Yield Investment Program that allows people to invest their money under four investment plans and one referral program.
- 200% ROI 4-Day Investment Scheme
- 350% ROI 8-Day Investment Scheme
- 700% ROI 16-Day Investment Scheme
- 1500% ROI 30-Day Investment Scheme
An illustration is shown below that if you invest $1,000 on the 200% ROI 4-Day Investment Scheme, you will be making approximately $140 in 4 days based on their “present” ROI rate of 114%.
No one knows how this ROI% was determined at this point of time.
Wealthy City Limited has a Referral Program that offers referral commission of one-level and makes 3.5% for every deposit made by your downline. This is a great opportunity to build a long-term passive income that will earn you a lucrative side income on each external deposit your referrals will ever make into the platform.
How Does Wealthy City Limited Manage the Investment Fund?
I have no idea at all!
I couldn’t get a single detail on how they operate and run their business.
Is Wealthy City Limited Real or Fake?
#Red Flag 1 – Ponzi Scheme (Referral Program)
Similarly to Amazing 5, Wealthy City Limited is what your typical HYIP (fraud) looks like. Wealthy City Limited’s business model is running on Ponzi Scheme.
Although users deposit a certain amount of money, the site operator will double your money within the next few hours.
Don’t be mistaken in thinking that Wealthy City Limited is making any form of money through investments or trading on behalf of the investors. In fact, they pay you the return from the deposits made by the new members. That’s how Ponzi scheme works.
That’s why they encourage people to recruit by saying that you could earn referral commissions. A Ponzi scheme such as Wealthy City Limited remains in operation as long as deposits from other users keep coming in.
They need new members to sustain the pyramid. They need “new” money to generate “returns” for the older investors by acquiring new investors. See illustration below.
Once this fund starts to dry up, no further payouts will take place.
#Red Flag 2 – Vague Investment Information
Wealthy City Limited provides very little details about how they operate the company and how they manage their investment fund.
HYIP like Wealthy City Limited should always be able to explain how they intend to generate returns, unwillingness to disclose such information. Unfortunately, they fail to do that.
#Red Flag 3 – High and Unsustainable ROI
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.
The higher return that Wealthy City Limited claims here clearly indicates that the investment is actually a Ponzi scheme or a junk bond that may never increase in value and has a high rate of default.
With such a high return on investment (ROI), it does look very fishy to me that Wealthy City Limited is a legitimate investment company.
#Red Flag 4 – 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.
I have tried these HYIP in the past and I reviewed some of them on my blog too. My experience tells me that Wealthy City Limited is just another Ponzi scheme that aims to steal your hard earned money.
Investing any of your money into these programs will lead to a financial loss, even if one were to receive a few payouts in the beginning.
There are many fake reviews on Wealthy City Limited on the internet because this is how they attract people to be part of the referral scheme. This is why there are so many people being cheated and scammed every day by these HYIPs.
It is essential to share this post on your social media to educate people around you to stay alert and stay away from programs like Wealthy City Limited.
It’s Your Turn Now
Please share this article with your friends and family members so that they do not fall into the traps of Wealthy City Limited.
If you have any questions or comments, let me know in the comment box below.