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MiddleAgedSponger t1_j1j1k6y wrote

If the guy could return 10 pct a month he wouldn't need your money.

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y90210 t1_j1j6lxk wrote

Same goes with people who write books about successful trading techniques. They write a book about it after the technique quits working.

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investerman69 t1_j1j0clj wrote

I had an ex-friend get into business with a lady who promised the exact same returns, but with options trading. She’s been charged by the SEC for fraud a few times over now.

Take that as you will. Everything is POSSIBLE. But it’s highly improbable. I suppose if he’s not constantly looking for new investors that might mean he doesn’t need to pad losses like scammers usually need to. People who are running you for your money usually pay out old investors with new ones to keep the scheme going.

I don’t know what registration requirements futures-trading funds have but I would look those up to make sure he’s actually compliant.

I’d be skeptical as hell but if it keeps going long term, I can’t exactly hate on it.

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[deleted] t1_j1j2qu2 wrote

[deleted]

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cartman_returns t1_j1j13s7 wrote

Of course its not true. If that person can make money that easy why would he take any investors in ? If you make 10% monthly, compounded he would be a multi billionaire

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sh1tler t1_j1j1eci wrote

If you think someone is compounding your money 10% a month without massive risk I have multiple bridges to sell you… also everything about this screams scam

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_DamnDirtyApe t1_j1j1dr2 wrote

Didn't Bernie Madoff promise something similar?

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Few-Animator-9999 t1_j1j1rco wrote

Sounds like a madoff plan. If u cant get info its a red flag.

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VisualMod t1_j1izpgq wrote

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Account Age 5 months [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)

^^Discord ^^BanBets ^^VoteBot ^^FAQ ^^Leaderboard ^^- ^^Keep_VM_Alive >TL;DR: No, this does not seem legit. If the fund is making such high returns, the manager would likely want to take on more investors to grow the fund. Additionally, there is no online presence for the fund, which is strange.

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charlesmansonreddit t1_j1j0vsr wrote

Then why could he just tell what you should do with the money to gain 10%. Then you pay him lafter that every month

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bulgarian_zucchini t1_j1j24dy wrote

Yeah dude it’s 100% legit. Ask the dude if you can get higher returns if you refer some of your friends.

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8512764EA t1_j1j2u39 wrote

Bernie Madoff also produced statements for his investors

1

Negative-Industry-88 t1_j1j3cuv wrote

I bet if you offered a large chunk of money to join up he'd suddenly have a spot for a new investor. People hate missing out on a good opportunity and scammers will use that to their advantage. The trick with a good long con is that the early "clients" actually turn a profit. These are the people who go out and recruit the bulk of your victims and will proudly defend you as you disappear with everyone's money.

Now of course this isn't guaranteed to be a scam but whenever you are offered guaranteed returns at an elevated rate like that, it's probably a scam or at minimum the risks are far greater than you've been made aware of.

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Fuzzy-Dependent7020 t1_j1j427s wrote

Probably just runs a home office and is avoiding more accounts than he can handle.

1

blkaino t1_j1j4495 wrote

If your friend asks for his money back, would he get it?

1

NotARedditUser3 t1_j1j45r5 wrote

Give me 100% of your money. Every month I will tell you it's grown 10%. Costs me nothing to lie and create a fake statement. I do this to you and 2 other people... Suddenly, you want to cash out. I pay you with the 100% the other guy paid.

You're none the wiser and the scam continues until there's no money left or I get away with it.

Point being... Probably ponzi scheme. Anyone can SAY a balance has increased,or provide you a statement.

It's like how banks say they have your 50 grand until there's a bank run and they don't actually have it and go bankrupt. But without the FDIC component ofc.

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Suremateyboy t1_j1j4gqk wrote

Sounds like a boiler room type set up.. has your friend withdrawn anything?

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reduseranon2020 t1_j1j4k6k wrote

So at 10% he should have made his investment back in 10 months (even less if he was getting 20% last year) and then it is all profit, has he broke even by now, or is there always a need to pump more money into it?

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Soggy-Salad8 t1_j1j4m5l wrote

Sounds like a sweet deal! He’s saying he can triple your investment in just one year! There’s no way that can possibly go wrong dude!

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VisualMod t1_j1izq47 wrote

>It is possible to get a consistent 10% return every month, but it is very unlikely. If the guy returns 10% that means he must make even more, which seems suspicious. It is possible that this fund is legitimate, but it also seems like it could be a scam. You should ask your friend for more information about the fund and try to find out if there are any other investors who have been involved with it.

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thetaFAANG t1_j1j0uec wrote

Its all about the clientele

If you were making 50% a month but nobody believed you, then you tell them you make 6% a month and keep 44% to yourself

Its what banks do, as well as all “staking” services do

This is not a statement of whether your friend will lose their money or not

0