Some brokers have been offering 17% monthly for 4 years now true or eventuly a scam.?

Question

Some companies here in Jordan have been on the rise and competing to give more than 17% montly on forex investment consistently. people were sceptical at the beginning but since it has been going on for more than three years people are now selling all they have to invest in these companies, owners of these companies have become very very rich and driving best cars. they collect the people's money and give them 17 sometimes even 24 % monthl never less than 17. I have been researching and searching to see if this could be possible or is it a scam. joined this site to get some answers, trying to get email of paul U since he seems to be giving the best advice in this but couldn't find it. so is this true or what? because if it is true i want to take out a loan invest it in these companies and quit my job (university professor) definitely forex investments would make a lot more than what Jordanian professors get a month, i mean no one has to work anymore. so what is going on please advice

Answer 1

Not Possible.  If they could........... Jordan would be the richest country in the world.

Answer 2

Do you really believe this? As you say all you have to do is borrow at 7-8% even 10% and put this money into the secheme.

Answer 3

if you are a university professor, you should already know that 17% promised is ridiculous for any country