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I am constantly amazed by how readily people accept some of the outlandish statements scamsters make. Someone recently told me about Imperia Invest IBC, a deal that is so obviously a scam it would be hilarious if it weren't for the sad fact that people are being duped out of their money. You put up $50 and as soon as they've accumulated 10,000 members ($500,000), they're going to make all kinds of money for you with a traded endowment policy trading foreign currency and using secret offshore banks. Ultimately payouts will be in the billions. After you pay them $50, they're going to loan you $80,000 for your trading account, which will earn 1.2% A DAY guaranteed and compounded. Apparently the Imperia people aren't too good with a  financial calculator, but in their example, they say that after six months, your share of the profits will be $134,000. The Web site is written in very awkward English, causing me to assume that it was written by a foreign scamster, maybe one of the notorious Nigerians. However, I've been told that the wording reflects the way deaf people communicate in sign language. In other words, this site is written by someone who knows sign language and is targeting deaf people with this scam. How sad.

I assume, based on the way this is presented, that this is only hitting people up for $50 and once the scammers have as much money as they think they can get, they'll shut down. Of course there could be something else going on---identity theft or a follow-up request for a larger amount of money.

Comments

Come on Helen, your logic isn't that sound.

Of course they need the investor's money to inflate the balloon, just as I need them to send me platinum bars that I will convert to solid gold for them using a secret patented process.

I am just as non-greedy and altruistic as these guys who want to share the wealth rather than affect their Karma.

[Helen Huntley]

On its face, this is a completely illogical program. If the Imperia people really had the secrets to fantastic wealth, they would be making billions for themselves instead of asking other people for money. It is just a matter of time before the whole scheme collapses. Unfortunately there are many gullible people in the world. Remind your friend that authorities always step in AFTER people have lost their money.

[S gallagher]

Yes I have some friends at my work that are doing this. Do you have any kind of information that you could give to me that I could then share with them? I have tried to talk them out of this but they do not want to believe. One of my co worker's husband is deaf. That is how they found out about this whole thing.