xaga is scam?

@5mayday (1054)
March 1, 2010 6:34pm CST
I saw one of our member posted a short message about this website so I went in to take a look at it.People are saying that they get paid by xaga and how happy they are now. Everything looked fine until I looked at their payment methods Liberty Reserve, Perfect Money, and Strict Pay. I used a hour and did some research on each of them and found out that many people claimed that they have been scammed by them. Makes me think that they are in team ? if yes, then cogratulations to them, I saw many people falling for it they must be earning alot...
1 response
@ausgc21 (340)
• Australia
2 Mar 10
I believe this program is a scam too. In fact, most of the HYIP programs are scam. Seems like this program promises 1.1% interest per day. That's over 5400% profit/year. Now, if it is capable of 'promising' such a high return, then why doesn't banks, insurance companies, or the US government invest on the scheme? Always remember that a chance of gaining money by investing is equivalent to a risk of losing money. If an investment scheme has a chance of gaining 50% profit, you have a risk of losing 50% of your investment. If it has a chance of doubling you money, you have the chance of losing all the money. And if you have a chance of gaining 5400% profit/year, you have 53/54 chance that you would lose all your money!
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