Sign up with GoogleIt's a ponzi scheme.
Think about what interest represents - it is the payment for using someone else's money. The interest rate depends on, among other things, the inflation and the risk the lender is assuming. Credit cards and other short term credit products charge a 22% annual interest rate because the risks involved in short term debt, unsecured debt are typically pretty high. If someone defaults, which is likely, attaching assets to recover your money is much more difficult than something like either a loan against a business, a vehicle, or a house. And that is also the reason why vehicle finance interest rates tend to be higher than home loan interest rates - because vehicles depreciate so fast, they are a risky investment for a bank. That is why they charge you more interest.
So, a bank will charge you 22% interest to use a credit card, which as I have said is pretty risky for them. Why would this guy be giving you a 72% interest rate on your money? Think about it from his point of view - you have this super amazing business that is generating so much money that you can give your creditors 6% monthly returns. Why on earth would you continue to do that instead of just buy your creditors out? If you are making that much money, it would be far cheaper to just buy them out or borrow money from a bank instead. Even if a bank gives you 22%, that is cheaper than paying private investors 72%.
And if your business had the bank statements to prove it was making so much Moolla, it would be easy to convince a bank to invest in you.
This is 101% guaranteed to be a scam.
