Someone tried to post a comment on my blog about an investment opportunity with Stoic Capital (stoic-capital.com). The website no longer works as the company has closed down. My intial response was to delete the comment but decided in the end to post it here for learning purposes.
Note: The scam Stoic Capital (stoic-capital.com) is not to be confused with Stoic Capital Pte Limited (https://stoic.com.sg/), a legitimate company regulated by MAS in Singapore.
According to the FAQ on the website, the Stoic invests its assets in ordinary shares, monetary market instruments (treasury bills, deposit certificates etc) and also in derivative securities (futures, options, warrant certificates etc).
An investment with Stoic Capital gets a guaranteed return of 1.4% to 2.8% per day. Anything that can guarantee that kind of returns is a dead giveaway ponzi scam. If you want a good laugh, you can continue reading the rest of this post.
Will you want to invest with a company that has a legal address which is actually a mail forwarding address shared by dozens of other similiar companies? And which does not entertain any meetings at their physical office?
The following text is reproduced from what the person tried to post. The text is not written by me. The kind of returns he mentioned is of course not possible.
I’m xxxxx, I was looking for the way how to make online investment in the net, and someday I’ve found Stoic Capital the investment portal.
The main point of online investment was really far from my understanding. It was something new for me, something unexplored. I never thought before that investment can be so easy and simple.
I have spent much time for reading feedbacks about Stoic-Capital on boards and monitoring sites.
And I realized – Stoic-Capital really works and makes a profit for customers. So, I have decided to put some money in. First of all, in April I put $2000 and gain approx. 2 percent daily. I mean EVERY business day. I had $40 daily 5 days a week. It’s $200 per week – not bad for beginning, and not bad for doing nothing. Money been working without my meddling in process.
I’ve never known before and even couldn’t imagine that such slight investment can bring such sizeable profit. City banks and mutual funds surely can not give such profit consider my amount of first deposit. When I’ve got $1000 for a bit much more than a month I certainly decided that Stoic-Capital is serious project honestly paying its investors and taking care of their prosperity. So, I open another deposit. I’ve trusted so much to Stoic and I decided to deposit my savings of $25,000. I’ve just withdrawn it from my Bank of America account with their paltry percents.
Right before putting my deposit I found out that for amounts of more than $20K Stoic-Capital offers VIP plan. It’s 2.2% – 2.8% per every business day depending on day-trading results. These results are e-mailed to investors daily. Then I contacted the support of Stoic, their live-chat, which thanks God works 24×7 online. (It’s really convenient to get advice and explanation). So, right at that time I received information about such tool named COMPOUNDING. Compounding means re-investment of gained profit back to deposit, so it brings maximum profit to the end of deposit term.
That’s why in the middle of May I deposited last $25K of my cash and set up 100% compounding. In the beginning of February 2009 I will have $2,700,677.20 exactly. I calculated it using Stoic calculator.
At the moment I’ve earned profit of approx. $4500, withdrawn and cashed it out. That means that by now my profit return has already exceeded the initial investment more than twice. And I will gain the same amount of profit again till the end of the deposit term of 190 business days (24-12-2008). Profit from the second deposit together with the deposited amount of $25K will become available for withdrawing in 190 days, in Feb 2009, just because I’ve set up the 100% compound. Let all of day profit be added to the deposit for the next day interest be accrued on the bigger amount of deposit every day.
In May I knew about one more tremendous opportunity to make money that Stoic provides – their referral program. And I joined it to invite relatives, friends and mates to get wealthy too. Now I have 77 referrals who have already invested total amount of around $1,800,000. That brought me additionally $90K as referral fee. Not really bad for the beginning, is it?!
Now I know how to make much money. I have stabile income and become wealthy man thanks to Stoic-Capital. Now I feel the illuminative way open to me. The Peace is plentiful – just get in right time in right place! That is the Stoic!
And my mission is to expand my experience to the folks! Let people have the idea how to join the world of prosperity.
That is the right place! And now it is the right time!