Anyone know Bristol Capital Group? They claim 1.5% returns daily. Can they be trusted?

Question

http://www.bristolcapitalgroup.com

http://www.bristolcapitalgroup.com

http://www.bristolcapitalgroup.com

Answer 1

Yes I know. They are ponzi HYIP, you can't trust them but you can make money from HYIP with right strategy

Answer 2

No they cannot be trusted.  It looks like a Ponzi scheme like mentioned above.  What happens is you invest a small amount of money like $500.  At the end of 90 days, you get your money back plus the 1.5% interest for 90 days.  You get excited, have your friends do it as well and then you try $10,000.  After awhile, the scheme breaks down because people don't get their investment back.

Really what they do is it starts with for example 5 people doing $100 each.  Investor A gets promised that his money will double in a month.  AT the end of the month he gets what was promised but really, what he got was his money back + Investor B's money.  You get excited and bring more people in and their investments pay what was promised to Investor B.  He gets excited as well and it blows up from there.  Eventually it gets so big that the whole thing comes crashing down.