Ponzi Scheme or Investment? Capital Protected, Long Short FX Trading System with Consistent Monthly Returns: Quant-Spread Systems Pte Ltd

Nobody wants to fall for a Ponzi scheme. 

But plenty of people sell them.

They usually offer high consistent returns, without any losses.

A friend of mine recently sent me a fund prospectus from Quant-Spread Systems Pte Ltd.  You can see it below. Quant-Spread Systems Pte Ltd. offers no monthly losses and projected annual returns of about 30 percent per year.  Such promises should ring alarm bells for everyone.  It’s like promising a flying fridge that could take you to New Zealand.  The man who created this product doesn’t want to be found.  You can’t find his company online.  The prospectus doesn’t include a regulatory filing.  And the fund manager’s name (no one’s name, in fact) is mentioned on the fund’s prospectus.  This all helps schemers slip away in the night.

What’s more, No financial product, in the history of finance, has ever earned 30 percent annual returns with no monthly losses. 

Bernie Madoff, the incarcerated Ponzi schemer, averaged “returns” of 8 to 12 percent per year.  He didn’t record a single annual loss because he wasn’t really investing money.  His account statements were fake and he used new investors money to pay other investors.  That’s what a Ponzi scheme does…and now Bernie lives in jail.

Apple’s stock is one of history’s greatest success stories.  Since its IPO in 1980, it averaged 17 percent per year (1980-2019).  And of course, it has had several losing years.

Berkshire Hathaway (Warren Buffett’s company) is probably the greatest stock performer in history.  From 1965-2019, it averaged 20.5 percent per year.  But once again, it has had several losing years.  Quant-Spread Systems Pte Ltd. says it can do better….with no monthly losses.

If you have done a general search for the scheme titled, “A Capital Protected, Long Short FX Trading System with Consistent Monthly Returns” or “Quant-Spread Systems Pte Ltd” then I want to congratulate you.

Your willingness to search it online will save you plenty of pain. Such schemes are often sold to expatriates. Such schemes wreak people’s lives.

As a community, we need to do what we can to protect ourselves from the crooks who create and sell such schemes.

Image by Pixabay

Their Spiel is Below

(& count the typos in this so called ‘professional’ presentation)

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions.

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2 Responses

  1. Oliver says:

    Thanks for raising awareness of this Andrew.

    These criminals can’t even spell. Page 2 above mentions Capiial Protection, hardly the stuff of an institutional presentation. Hope they’re stopped before more people donate their savings.

  2. Jen says:

    Hi. South Africans will now be Liable to pay tax on any earnings overseas in excess of one million zar (most as expats will thus be affected) as from March 2020…unless one is deemed non resident by SARs via various tests. This has brought many companies out fo the woodwork offering to do FE and help cash in South Africans retirement annuities etc. One of these had an advert of Devere on it, offering a seminar on tax for South Africans now… when I commented on the post on the Sa tax expat group about being careful.. .if South Africans went to the seminar just listen to the tax advice and be careful if offered any investment schemes and investments to research first and read your blog and books….the person who posted kept posting and saying they were sorry I had such an experience but Devere sa had to list their fees and clients were happy with them. I replied that was great but I was sharing my experience and other expats of investments by companies such as Devere, hgenerali, friends provident etc…,,Then he appeared to get annoyed and asked me to respectfully let the discussion go. I know they are not a Ponzi I scheme but the hidden fees etc and inability to access one,s money early without being heavily penalised might have people regretting it. It’s like fighting against the tide…impossible.

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