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 access the prospectus here. 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.  

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, offered returns of 12 percent per year.  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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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 (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). 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. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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1 Response

  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.

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