What Is InvestEllect and is it a ‘HYIP’.
Do you need to find out What Is InvestEllect and if InvestEllect is a scam or good? I do reviews into suspicious websites and InvestEllect.Net has unrealistic promises of high returns and only one source of income, but, it is not from Forex Trading! I will be detailing for you a complete break down of what they offer and why it is not a real and legit online business opportunity. I will explain to you why this is a Ponzi Scheme and a Pyramid Scheme as well. Bother types of businesses are illegal as it always ends in the newest wave of members losing their initial investments. For these reason I am planting the site under review in the ‘SCAM SITES’ section of my website.
Though the site under review is not one I am recommending there is another that is legal and legit. I have fully reviewed and verified this online business site as well. You may wish to read my review into Wealthy Affiliate – Learn to Earn for Life! Alternatively, you canSIGN UP HERE for a Free Lifetime Membership Account. Upload a picture and fill out bio once in.
My Review into What Is InvestEllect.
InvestEllect.Net seeks to show people how to make money in Forex Trading. This is just the exchanging, buying and selling of currencies for a predetermined price. Unfortunately, Joshua Blake, Founder of InvestEllect.Net, has no proof to show how much money he is making this way. Actually, he has no proof at all of any activity using Forex to generate an income.
However, money is being generated by people who sign up. This money is used to pay other people who signed up sooner. Before we get into the logistics of this scam site, let us briefly clear up three term:-
- PONZI SCHEME.
- PYRAMIND SCHEME.
Bear with me as these terms are critical to understanding why the site under review is a scam and an illegal online business operating right now.
INVESTELLECT SHUT DOWN! THEY FAILED WHOIS VERIFICATION! OWNERS ARE NOW RUNNING BIGDEALPROFIT.PW <<– GO THERE FOR FULL REVIEW –>> THAT IS THE NEW SITE FOR INVESTELLECT TO CONTINUE TO SCAM! DON’T BE FOOLS BY GIVING THEM YOUR MONEY – YOU ARE ONLY FINANCING ONLINE CRIME!!!!
High Yield Investment Program. Pays out unusually high returns on initial investment. The returns are so high they are considered unsustainable and doomed to collapse. The unusually high returns on initial investment comes from new members (new sign ups). Funds from new sign ups pay members that have been there longer. It is a form of a ponzi scheme that will be covered next. So we see that the site under review operates as a HYIP. NO HYIP’s can last for long taking down with them a lot of victims in its wake.
The site under review promises you can get 600% back after sixty days and over 900% back in 38 days from initial investment! I hope you see by now this is very High Yield, hence, High Yield Investment Program (HYIP).
This is an age-old scam and even Billionaire Business Magnate Bernie Maddof got jail for running the worlds the largest Ponzi Scheme. Ponzi Schemes is just a business model that sells no real product, whether online or in the real world, but they offer unsustainable high returns relative to investment. Tier 1 sign ups always earn while the latest signs up always lose initial investment. New sign ups pay for older members. When new sign ups run out then there is no new money to pay older members. New and older members leave thus crumbling the whole lie. This is why Ponzi’s always fail along with HYIP’s as well.
Distinction between Ponzi and Pyramid Schemes is Ponzi’s don’t’ have any real product or service!
Pyramid Schemes are most notably named Pyramid Scams. One person recruits two people to pay an investment. Those two recruit two more and they make an investment. That new money pays the first two members.
The new recruits get two more each and so on and so forth!
New sign up pay the older members. This is how the older members get their initial investment back with profit on top. Eventually, they run out of people, and because (just from one person who gets EVERY individual to recruit two more (actually, as many as possible) the newest sign ups are a huge number as well, then, many will lose a ton of cash! Here is where it collapses due to no new sign ups.
I recruit you and your friend. I make a profit from both of you. You and your friend recruits two each. I make some money there as well. Invest Ellect promises commissions for Four Levels Deep. This is where the Pyramid Style of making money comes into play.
I hope I have explained that clearly? Let me know if you want further clarification in the comment box below, thank you.
SO! Invest Ellect recruits people. They then get new members to recruit others for profit for each recruit = PONZI SCHEME!
They also allow, for each new member recruited Four Levels Deep, a commission for the one at the top of that small pyramid within the overall pyramid. This is what characterizes a pyramid scheme when you are not actually selling any real product or service online or in the real world.
ALL PROFITS ULTIMATELY COME FROM NEW SIGN UPS! RUN!!
I am not saying YOU can not make money. I am saying you can make money in the early stages of a Pyramid Scheme but could also lose your shirt (all your money) if you don’t cash out before it collapses.
It is worth noting that Pyramid Schemes have been outlawed in Places like the UK and Namibia, to name a few.
Namibia? Yes! You can read my article on a new online scheme that a whole country in South Africa outlawed by the authorities. Here is my review on MLC 247. Don’t forget you can join in on that discussion as well on my post.
The site under review was created 23/12/2016 and the registration details do appear to be questionable. I have it on good authority it is an address that was bought to make them look legitimate and trustworthy. A common practice with scam sites.
SCAM RATING:- NOT GOOD! YOU MAY MAKE SOME MONEY AT THE MOMENT BUT IT MAY CRASH BY THE TIME YOU FINISH THAT CUP OF TEA YOU ARE CURRENTLY HOLDING! 10/100! I DO NOT ENDORSE! BE WARNED! IT IS A SCAM AS IT COMBINES TWO BUSINESS MODELS THAT HAVE BEEN OUTLAWED IN MANY COUNTRIES! DOES NOT HAVE A REAL PRODUCT OR SERVICE. MONEY DRIES UP AFTER NO MORE NEW SIGN UPS! RUNS FOR THE HILLS LEAVING LOYAL MEMBERS LOSING ALL THEIR MONEY! SCAM!
TO IMPRESS ON YOU FURTHER:- I am not saying ‘YOU’ cannot make money at the moment with the site under review. I am saying, though, if you do not get out sooner before it collapses, YOU WILL Lose all of your earnings plus, potentially, your original investment. Just be careful. I am not saying all this to attack members of this site. I am saying to warn existing to new members of its fragility and devastating effects once it is all over!
HAVE YOUR SAY!
I would love to hear from you! Have you been earning money from the site under review yet? If so, I would appreciate it if you would leave your praise of this site in the comments box below. Should your experience with this site is less than satisfactory then you can leave that in the box below to help warn others. Are you currently looking a site online but you are not to sure about it? You can always ask me and I will definitely look into it for you and let you know. I am happy I have supplied enough information about What Is InvestEllect and whatever you do is up to yourself. I recommend you sign up to my Websites FREE NEWSLETTER to help you stay a head and out smart the scams online. Thank you for reading my article and do come back soon as I post daily. Stay safe online everyone! CHEERS!!