There are also a couple of more questionable programs, namely FXIG and PHSI
Choking off membership is usually not a good way to keep money flowing into a scam. Neither is telling members that any money they transfer into those programs won't earn interest for two months. Those and other discouraging changes were implemented right after FXIG disappeared for a month - causing a massive payout of panic withdrawals. If these are the tactics of scammers, then they must be some of the dumbest crooks on the planet.
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Originally Posted by saxifrage
If you want to meet the principals, just forget it. Thats a bit fishy to me.
Have you asked to meet them? If not, please do and let us know what they say.
Choking off membership is usually not a good way to keep money flowing into a scam.
Its called a confidence job. I'd bet money that net deposits went UP after feederfund closed its membership.
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Neither is telling members that any money they transfer into those programs won't earn interest for two months. Those and other discouraging changes were implemented right after FXIG disappeared for a month - causing a massive payout of panic withdrawals. If these are the tactics of scammers, then they must be some of the dumbest crooks on the planet.
Dieing ponzis do some pretty crazy things. Im just floating a hypothesis.
__________________
*As is true of all witch-hunting groups, the greatest sin was not so much the specific transgressions of the member, but any refusal to sanction the heresy-hunting procedure itself. - Rothbard
* Ron Paul for President
Oh, I think that Feederfund can well and truly still be a scam.
Feederfund has a whole range of programs. Some of them appear to be legit, such as Chartcandle, Leopard fund, and the now deceased Clubinvest. There are also a couple of more questionable programs, namely FXIG and PHSI. Its much harder, in fact, practically impossible to do adequate due dilligence on these programs. If you want to meet the principals, just forget it. Thats a bit fishy to me.
The thing is, the former group offer much lower rates of return than the later (usually somewhere in the order of 2-5% a month compared to 10-25%). My guess is that the vast majority of the money in feederfund is in towards FXIG and PHSI.
So they start up a "feederfund" with a series of "legitimate" programs for a couple of years to gain credibility. Next, they invent a couple of ponzi-type programs. With the credibility they have gained over the last couple of years, money will flock towards these high yielders, what with they record for due dilligence they have. Additionally, money already in the pool will move away from the "low yielders" towards the "high yielder". When the time comes, most of the money will be in the two questionable "high yield" programs. They'll take that, shut down both programs as well as feederfund and abandon the relatively small amount of money spread around the other more "legitimate" programs.
Im not saying thats not the case, its just a hypothesis. Its probably the way I would do it if I were running a pooled account type scam.
Yet, noboy - not a single ****ing person has ever been able to answer why in god's name would FF do that when they are sitting on a cash cow.
In the HYIP business they are #1 as far as most widely recognised and respected pool program, or any program for that matter. They offer a legit service and take a very generous 25% cut of the profits....for what?....to alllow people who don't have the minimums to invest in programs they can't afford, WITH a small safety net of the reserve fund.
Not only that, but it doesn't even matter if these programs fail. Individuals must make descisions based on where they want to put their money, and what risk level they are willing to accept. FF will add new programs to replace dead ones, and thus continue indefinately. WHY THE HELL WOULD THEY EVER RUN? It's a license to print money!
__________________
Inside every investor's mind there is an eternal war between optimism and the pessimism. Ironically if either side completely takes over, the investor is doomed to poverty. Can you balance the 'bull' and the 'skeptic' within you?
Yet, noboy - not a single ****ing person has ever been able to answer why in god's name would FF do that when they are sitting on a cash cow.
In the HYIP business they are #1 as far as most widely recognised and respected pool program, or any program for that matter. They offer a legit service and take a very generous 25% cut of the profits....for what?....to alllow people who don't have the minimums to invest in programs they can't afford, WITH a small safety net of the reserve fund.
Not only that, but it doesn't even matter if these programs fail. Individuals must make descisions based on where they want to put their money, and what risk level they are willing to accept. FF will add new programs to replace dead ones, and thus continue indefinately. WHY THE HELL WOULD THEY EVER RUN? It's a license to print money!
Take out FXIG and PHSI, and its a pretty lean cow indeed. FXIG "made" feederfund, and it could very well unmake it too.
Oh, and they dont get a 25% take. You need to take out referral commissions and "reserve" funds (of course, thats all changing again).
They have done some curious things lately. The one that confuses me the most is decision to remove chart candle for their "low returns" and add NSFG. In three months NSFG has returned a whopping 0.3%.
__________________
*As is true of all witch-hunting groups, the greatest sin was not so much the specific transgressions of the member, but any refusal to sanction the heresy-hunting procedure itself. - Rothbard
* Ron Paul for President
Take out FXIG and PHSI, and its a pretty lean cow indeed. FXIG "made" feederfund, and it could very well unmake it too.
Oh, and they dont get a 25% take. You need to take out referral commissions and "reserve" funds (of course, thats all changing again).
They have done some curious things lately. The one that confuses me the most is decision to remove chart candle for their "low returns" and add NSFG. In three months NSFG has returned a whopping 0.3%.
I don't remember, but didn't they have no choice in removing chart candle. If I remember there were some kind of problems with the program, or it was closing, or something...
Anyway, I think that's a little bit of hypocrisy there. First you blast them for adding programs who's return is too high, because it's obviously a scam or at best highly questionable. Then you blast them for adding a program who's returns are too low. NSFG has yet to prove itself, but there is a very high probability (well over 98% IMO) that real trading is going on.
And come on, you can't honestly believe that FXIG and PSHI "made" feeder fund. Yes maybe they attracted more of the "ponzi player" type, but so what. They had programs that averages 10-20% a month and programs that average 30-80% a year. I have the same things in my portfolio. I think they are more interested in good DD first, and attractive returns second.
The way I look at it is, if you don't like FXIG or PSHI and think FF is either stupid or a scam for adding them, then don't add money to those programs or take all money out of FF. Most of the kind of investors who would invest in something like FF, are the same kind of guys who would invest in something like FXIG even if FF was in no way associated with FXIG.
And so what if the entire 25% fee is not going into their pocket, but covering some other operational expenses too. It's still a cash cow. it kind reminded me of when people thought e-gold was doing a runner. I almost got caught up in the hysteria too. The problem is, unless they are being shut down, there is absolutely no reason for them to "scam" when they basically have a license to print money. Their fees make them millions a year for doing almost nothing. Their customer service tied Dell one year for PC magazine's best of the year didn't it? LOL and again I say L O L!!
The bottom line is that even if FF's administrators wanted to scam people (and I do not believe that they do), why take off with one lump sum and spend the rest of your life on the run when you can continue indefinately replacing old programs with new ones and collect money forever.
One last thing, some have speculated that FF is in cahoots with some of these higher yeilding so called "scammier" programs, yet I've seen no credible evidence to support that. And let's not forget that FF HAS paid out reserve fund monies to cover losses from past failed programs, AS PROMISED. And those past failed programs have never even been speculated to be the same group of people as FF. Why would a scam program pay money to their members to cover their losses in a completedly different scam program?
__________________
Inside every investor's mind there is an eternal war between optimism and the pessimism. Ironically if either side completely takes over, the investor is doomed to poverty. Can you balance the 'bull' and the 'skeptic' within you?
Oh, I think that Feederfund can well and truly still be a scam...
IMO, as long as Feederfund make a nice profit, they will continue their biz.
If I were running Feederfund, I will refund all investments to all investors ... so that I could sleep well at night ...
I learned long ago not to trust anything on the net, hyip-autosurf. Not worth the risk. 25% a month with a 6 month lock in and little chance to get it back. I would rather keep it in a bank for .01% and still have my principle at the 6 month mark.
Re: Feederfund Is Dead!!!!!!!1
Hybrid Mode
