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FIB - Scams 101 - Ye Olde Archives

eCurrency trading is not a HYIP

Posted By: Dave Mauder (eDave) <dave@NOSPAMmauder.com>
Sunday, 23 January 2005, at 6:17 a.m.

In Response To: Re: E-CURRENCY TRADING (The Roadie)

Hi Roadie,

I've responded below...

> You must be one of the ones they're counting on for testimonials to gather
> new victims.

> I claim you've been manipulated through positive reinforcement to do that,
> but you might think you're the clever investor who's maximizing their
> returns. Until the scheme collapses, you may come out ahead.

This "scheme" has been going on for over 4 years now, and DXGold is close to releasing a new system that many of us have signed up for as testers. If this is a scheme, then they are putting an enormous amount of time and money into building the system and making it better and more efficient for everyone to use.

I think you are confusing DXGold with your typical HYIP - which it is not. Not even close. Now, a couple years ago, a certain group of people tried using DXGold as their foundation for a new HYIP, but it eventually fell apart and all their accounts were shut down by the main company.

> But as I said to Maw-maw, if you don't know how the wealth is being
> created through the honest sale of goods or services, it's just a
> shuffling game.

I totally understand how money is being created. DXGold offers an exchange service to many large business clients and fees are earned for each trade. Very similar to FOREX, but with ecurrency. The reason our portfolios earn interest is because they pay us a portion of what they earn on the big business exchanges for use of our money to make those exchanges.

> "Mike Scott" is a guy who's using safe-mail.net, an anonymizing
> email service, to handle customer questions, and his domain registration
> is using another anonymizer as follows:

I went to safe-mail.net's website and can't find anything about it being used for anonymizing your messages. You make it sound like one of those spoofing services that a spammer would use. From what I can see it's a secure/encrypted email system which many companies are implementing these days. The 3 billion dollar health care company I work for is in the process of implementing one too. I wonder if they're up to no good?!? ;-)

Check out Mike's other domain, tradingcurrencyonline.com. He doesn't seem to be hiding anything there.

> Red flags. Every one of them.

I'm going to send a link to this thread to Mike and ask him why he appears to be going secretive with his new domain. I myself used the private registration feature for one of my new domains. To be honest, I'm getting sick of spammers and other would be identify theives trying to get their grubby little paws on stuff. The less I can reveal about myself, the better. That doesn't sound good when you're trying to do business online, but we can only deal with the reality that is the Internet.

Dave

Over Here, Your Money Matters!

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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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