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Top 10 suspected financial scams according to SEC

6. GoldXtreme Trading Co.

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Goldxtreme solicits funds from the public in the form of investment slots. Very much like Emgoldex Philippines but cheaper, investors can join simply by paying a fee of P5,000 for one account which starts at Level 1.

Again, investors must recruit more people to move up levels, thus receiving up to 400% of the initial investment or P25,000. It is a continuous cycle. Instead of receiving cash, investors can also ask for gold instead.

Written by KM Viray

Government employee from 8 to 5. Writer in between hours. Mom all day everyday.

One Comment

  1. “This scam entices…”?? Is its proven that Success 200 is a scam? Know ur facts. Success 200 is not an investing company the method used in selling product is called multi level marketing.

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