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FIB - Scams 101 - Ye Olde Archives

Re: Thanks for the info

Posted By: ChristopherSchumacher <stillsmuthNOSPAM@netscape.net>
Wednesday, 5 January 2005, at 8:03 p.m.

In Response To: Re: Thanks for the info (Ben Dover)

Skeptical...that's it? Shoulda heard me when I was first told about the progam (prior to Matt's course)!

If you check out the other thread on this subject, you'll see where I attempted to explain a portion.

Like Dave mentioned above, Matt made some good points. Matt also put some things on the website I *personally* would not have (ie. the $10,000 a week in a year with just a few hundred invested....possible, but not likely...unless you do nothing but run numbers to figure out how to maximize the system).

Definately isn't "trading" in the normal sense. Basically, you are there as an exchanger and investor. People will want to move money from e-gold to e-bullion...you get paid for doing so. You invest in exchange houses across the world, you get a percentage of their profits for doing so. Your investment doesn't go down, so you can't lose money due to falling prices. The worst that could happen is there was no activity at all at the exchange house you invested in, and get a 0% gain for the week...highly unlikely though.

As mentioned, when Evocash shut down, there were people who lost money. some lost a few hundred...some a few thousand. Evo wasn't the most set up currency to begin with though. Thankfully, I was still moving money in and out of my accounts rather quickly when it happened...otherwise I would have lost $1,000 myself.

Paypal was disabled because of jerks trying to abuse the system. I lost around $15 in fees (I was transferred into, from the fraudulent account, and Paypal took it back...but didn't take back the fees). Once the dust settled, I got almost all of my money back thanks to the exchange company's support.

As for the member site...I can only say: good luck if you go it alone! The system is not the easiest to learn, and you won't have much luck getting updated info without being a member of one of the subscription sites. I know how hard it is to answer questions from 600 people...believe me, it's not easy. The people running those sites do so on an almost full-time basis, so it's only fair they get paid for doing so.

How fast you can withdraw money largely depends on the speed of exchanges being processed. Speed is picking up slowly again after the holidays, so it should get better. At one point (months ago), you could list your money to be processed and have it in about 20 hours. Lately (depending on amount and what currency), it's been closer to 10-14 days.

If it's a con game, it's been a very long running one. This isn't some HYIP that just appeared when Matt started plugging the course. Matt was simply the first one to take advantage of marketing something that actually pays no matter what you're previous experiences are. This company has been around for at least 4 years that I know of (one of our forum members has been in it that long).

You can get some of the info Matt's course gives for free elsewhere. Some of it can be found on other membership sites, some of it is original to them only. You'll make money, there's almost no doubt about that, and you'll easily recoup the cost of the course. Or you can do the digging yourself and find most of what you need on your own.

Let me know if you have any specific questions, I'd be more than happy to answer them.

Sincerely,

Christopher M. Schumacher

> I'm still very sceptical. Apparently this is not "trading" in a
> true sense. it is more like lending and exchanging money (with fees
> catured and incurred by you)
> questions I have is; how safe is the(MY) money? how fast can you withdraw
> money and why is the 'system' so frigging convoluted. Also why is there a
> need to charge for a web-site and memebership stuff? all in all it still
> smells like some con game....sorry

Mazu Currency Exchange Program Reviewed

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You'll find great information in this "Read Only" Archive, but remember..... things change.
Be sure to visit the Current Message Board when you're finished here.

We're very friendly, so don't be shy... just jump right in and post your question.
Scams outnumber legitimate biz ops about a bzillion to one, so it's well worth your time.



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