Investment Club Elite Scam Review
1. What is Investment Club Elite?
The Investment Club Elite is a ‘fund management company’ which invests in cargo shipments businesses.
The company claims to have been around since its inception in 2009 when it formed a partnership with a big cargo ships company.
Any member of the public can invest in the company and earn gross profits of up to 130%.
A number of red flags strongly suggests it is actually a Ponzi scheme, if not a total scam.
2. How Does Investment Elite Club Work?
As an investor, you have an opportunity to buy a cargo slot which will generate a profit of between 35% and 40%.
The company will keep 5% to 10% of the profits. You as an investor is allowed to pocket 30% of the profit.
The price for a single slot is $20. An individual investor is allowed to buy a maximum 500 cargo slots for $10 000.
Although not clearly stated, I take it the profit will be at least 130% per month.
However, I don't believe this business model, i think it is just a storyline created to convince the most gullible investors. In this review, I have listed 3 main reasons why I believe Investment Club Elite is a scam. For more information you can read the blog post on how to identify scams online.
3. The Business Model is Questionable
Firstly, the business model does not make sense at all. I don’t believe for a second that it is possible to make a direct investment in a cargo ship with as little as $20.
Perhaps, if the claim had been about buying cargo company shares, then perhaps the story line would be believable. This investment business model is way too ambiguous to be true.
4. The Return on Investment Sounds Too Good To Be True
Secondly, a formal investment which generates a growth of 20% per annum is doing extremely well. But an investment which makes a profit of 30% per month can only be a Ponzi scheme or a total scam.
According to the company's website, the company has been making profits of 35% to 40% cargo slot without any investors from the internet.
But then, all of a sudden, the company decides it will give 30% of its profit to people on the internet who invest in the company. This does not make a sense at all.
No one in his right mind with a legitimate business would offer such high returns to complete strangers when they could go to a bank and negotiate a better deal.
5. The Owner is Hiding his Identity
Finally, most online scam artists hide their identities to minimize the risk of getting caught. It is no surprise then that the owners of Elite Club are also doing the same.
Moreover, they have a flimsy excuse for doing it. The excuse is that it is not company policy to reveal the owner and employee identities.
6. Is Investment Club Elite a Scam?
Without a doubt, Elite Club is definitely a scam. Unfortunately, visitors to the website have been growing steadily for the past 3 months, which indicates that more and more people are getting sucked into the scam.