Scams - World Currency Cartel
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World Currency Cartel is one of the oldest scams and still rages across the globe. World Currency Cartel functions through brochures or emails. You receive mails normally titled- What THEY do not want you to find out. This e-mail asks you to subscribe to receive unique information about specific loopholes about trading laws. These then help you multiply your investments, which could even exceed thrice your investments.
You need to send $19.95 to receive a brochure explaining system of earning thousands of dollars. For few hundreds of dollars you can receive more than ten thousand units of different currency and then convert it back later to make substantial profit. Currency trading carries a high element of risk, which is still higher if you indulge in currency speculation.
World Currency Cartel brochure is simple, although it runs into few pages. They entice you by giving option of multiplying your money in increments of $20. Brochure divulges information regarding exchange rate of currency with some other less known countries to exploit exchange rates. Rather, they make it sound easy, genuine, and straightforward. In some cases, you do not receive anything even after sending money. World Currency Cartel is a huge scam and it is best to stay away from it.
Recent twists in scam of World Currency Cartel is in the form of faxing a copy of your check payment. This is to evade any investigations by postal authorities. Often addresses for sending check payments keep changing from New Jersey to California to Utah. Company also includes various testimonials from different newspaper agencies and magazines. There are many flaws as they emphasize that they will conduct the first transaction to help you, instead, they prefer to divide profits within a limited circle of individuals all over world. You need to pay membership fees and have to keep all inside information confidential.
World Currency Cartel functions on similar lines like chain letters, envelope stuffing, etc. Profits circulate within limited members similar to canceling the topmost name in chain letters. Some others enter into deal for the fun of it and do not bother if they do not receive anything in return for their investments. Besides, they do not specify name of currency to which you can convert your dollars.
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