Here's a website I saw after doing some research on Francswiss. The company is called Swiss Cash, the website is
I don't know if this website or company is legit, it looks like it's based in Singapore. But it looks fishy to me. Now first if all, to be fair, this website is probably the website of the recruiter because there is a referral ID. But here is why I think it's fishy.
First, clicking on the link below the lady's picture should take you to
http://www.swisscash.biz/ where you can put in the referral ID. But the link doesn't work.
Second, if you click the
payout plan, it goes to a link that shows you how the financial adviser makes money. It looks a lot like a pyramid/multi-level networking business. That's fine, there's a lot of legitimate multi-level marketing business like
Usana,
Nu Skin, etc. But that is not that gives me a warning sign.
If you look at the page, the top most page tells you how Swiss Cash makes money.
Look at the Average Investment Return - 20% per calendar month. Holy smuck! 20% per month!?! That's 240% per year! You would have made all your money back in 5 months and would have doubled your money in a year! 300% returns in 450 days?
They're doing better than the largest mutual funds in the world. And nobody is bigger than
Fidelity Funds at this time. Look at
Fidelity's ContraFund which alone manages over $72 Billion only averages 10.79% per year in the last 10 years.
Also, if I have the ability to make 300% in 450 days, why would I invite other people to join in and share the profit? Shouldn't I keep it to myself? Besides, with that kind of return, I wouldn't need other people's money. I'd just borrow money from the bank. Even if I have to pay 20% interest a year, that's way better than sharing the profit to a lot of people.
Wouldn't you think that if a company makes this much money or profit, they would already be on Wall Street? That they would be a public company by now? They make more money than Google!
The second thing that tells me that this is a scam is the fact that there is no contact number or address. Just an e-mail address. For a company this big, why would they have such a mediocre website and not even have their contact number and address? Most companies are proud to say where they are located and to call them.
Think about it, if you're a business, wouldn't you want to give people all the possible ways they can contact you to give business to you? Why limit yourself to just e-mail?
Thirdly, there's a lot of typo and mispellings on this website. Now, like I said, this is just the website of one of the uplines and it can be forgiven for that.
But here's the kicker. I went to the actual
Swiss Mutual Fund website this site is talking about. I got even more suspicious.
For a company that claims to be over 60 years old, their website looks like it was done by an amateur.
Compare this website to the website of actual fund fund companies, you'll see what I mean.
Here's some websites of big Mutual Fund Companies:
The Swiss Mutual Fund website does have contact numbers. I just don't know if they're real. I won't even bother to try. Now, I'm not saying that Swiss Mutual Fund is a scam. They may be the best investment professionals in the world for all I know. But to me, it looks fishy.
With further research, I found something on the Internet that says the address in New York belongs to a travel agency called Exclusive Departures.
Even the domain registration is suspect. They have several domain names but none are consistent. You don't see Fidelity registering Fidelity.biz or Fidelity.net. They are a company so they only have Fidelity.com
Aside from the design of the website, here's why. If you look click at "About Swiss" and read about the company. Here is what they say,
Swiss Mutual Fund is an offshore investment company providing services for investors who seek opportunities through offshore investing. Swiss offers mutual funds and other vehicles that meet our clients' individual and specific needs. Swiss has developed a three-cornerstone approach to achieve these goals. We attempt to maximize returns , but simultaneously limit downside risk through hedging. Moreover, we provide full transparency to investors. This forms the basis of how we work.
If you offer hedging to limit downside risk, you're not a mutual fund! You're a Hedge Fund! And there are different rules for investors investing in hedge funds and in mutual funds. Hedging is considered to be more risky hence only "qualified investors" are allowed to invest in those kinds of funds.
On their page about Returns
It says "At average, our funds generate a 20% return per 30 trading days."
Now there are strict rules regarding how a mutual fund company reports their returns. You cannot just say that your fund makes XX returns without a disclaimer like, "past performance are not indcative of future performance" or "past performance is not a guarantee of future performance" and so on.
Because you cannot predict or guarantee you'll consistently make the same returns. Also, they have a grammatical error. "At average, our.." At average? Should it be "On Average"? A million dollar company hires professional website designers and copyrighters to make sure their sites doesn't have any typo or grammatical errors.
They claim to have their own mutual funds as well as outsource other funds. But nowhere on their website does it show what the actual funds are nor does it show any historical returns of their funds.
If they have been around for 60 years, shouldn't they have at least more than 10 years of historical returns of their funds and not just "At average, our funds generate a 20% return per 30 trading days."
Look at the websites of the real mutual fund companies and you can easily find the historical returns of their funds and a disclaimer.
I don't really have to go any further since just these alone is already a red flag for me. But here is a
website I found that goes even further in their research about Swiss Mutual Fund.
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