Because not being able to prove an investment opportunity is legitimate is a 99+% accurate way to prove it is a scam. Again, what proof of legitimacy does Jubilee offer?


I'm sorry but this is unconvincing and I'll tell you why. All ponzi schemes pay off handsomely for as long as they profitably can do so. It's literally part of how the scheme works. It isn't till more money flows out of the scheme than is flowing in that the trouble starts so all you're telling me is that Jubilee isn't in trouble yet.



You're guessing correct. It's easy as hell to dummy up a video purporting to show spectacular results so their video proves nothing. Hiring an independent auditor to examine the records and put their name and professional reputations on the line to attest to profitability would be convincing which is why I asked if Jubilee has done that.  


If, in plain spoken language, something is an investment opportunity, it is an investment opportunity. You yourself state that you have invested in Jubilee and I see no reason to doubt you. So the question becomes is Jubilee a legal and registered investment opportunity or is it an illegal and unregistered one? I believe we both know the answer to that.

  

Cheers.    

I think you have that backwards by friend. There have been thousands (and thousands) of multi level marketing passive income opps that promised the moon only to walk away with their investors money. Approaching any of them without rational skepticism is foolhardy at best. It isn't on me to prove they're a scam, it's on Jubilee to prove they aren't.

I see Jubilee is a registered business in the British Virgin Islands, you know what, for less than $1K anyone can be registered in the BVI.

What I don't see is any sort of registration for an investment opportunity. In the US they would need SEC registration as well as in each State they market in. If they allow investments from US residents they still would. Is Jubilee registered with any nations investment regulators?

Independent financial audits of Jubilee's business earnings, are these available to investors? If not how do we know they are profitable enough to pay the investors the promised returns? It would be easy for them to repay old investors with new investors funds but that would make them a ponzi scheme. Do we have ANY independent proof that they aren't robbing Peter to pay Paul? If not how can we be sure we wont be Peter?

We all know they are very very many scams out there, we all know we need to be careful with our investments. What proof does Jubilee offer that they aren't (yet another) scam?     

   

climber60, does it strike you odd that posters at a supposed hotel meeting in Germany are all written in English?

I have a gentle word of warning for birake, though you haven't announced it here you recently added the CMDX token to your platform which leads me to ask if you perform any sort of KYC on new listings.

CMDX is created and operated by a man named Thomas E. McMurrain, here is a link to his 2005 fraud conviction. That article mentions that McMurrain fled the USA after he was arraigned and spent four years hiding primarily in Panama. While there he engaged in numerous other frauds prior to being extradited back to the US to face trial.

After getting out of prison Tom embarked on a career of multi level marketing serial frauds, perhaps most notably as one of the most prolific US based promoters of the OneCoin scam. In April of 2017, just days before Tom was scheduled to fly to India 18 of the people he was set to meet with were arrested by Indian authorities. That close call is most likely the reason McMurrain ceased promoting OneCoin.

Tom was in search of a new scheme to promote and decided to create one of his own, CoinMD (not the 2014 version which was a separate development). Tom's CoiMD was a hybrid pyramid and ponzi scheme which ran out of steam and fresh investors after about a year so he rebooted CoinMD as CMDX. Earlier this month CMDX was delisted by OpenLedger. 

Make no mistake, CMDX is the same scam as CoinMD and will end the same way as any of the frauds Tom McMurrain promotes. So I guess my question to you is if you wish to allow him to use your platform to facilitate his scheme.

It isn't to late to perform basic due diligence particularly on someone as Googleable as Tom.

Thank you for your time.