Investing with Minvestment???

My brother in law recently put $1000 into a company called Minvestment and wants us to invest as well.He has told me he can%26#039;t withdraw the money for 150 days and then if all goes well, he is going to invest $15000. back into the company! I worry this is a scam. I am a very conservative investor but he insists that this company is legit and he will make a TON of money because the interest is compounded daily. Does anyone have any experience with this company? I have checked out their website and I have lots of concerns! Why wouldn%26#039;t banks be offering an interest rate even close to theirs, and if it was so easy to make all the money they claim you can, why wouldn%26#039;t everyone just do it?

Investing with Minvestment???small business loans

I highly doubt this is a real, trustworthy company. Their domain is registered in the UK virgin islands, yet they offer services in England and China.

It is commonly said that the Chinese stock market can be also very unstable.

I ran a google search and found that different users reccomend the company in different forums. This is a negative because it means that the company might be based on a %26quot;pyramid%26quot; first-come-first-served system. Which means that the new money coming in is used to pay the so called %26quot;interest%26quot; to the old users. This system collapses once the business reaches maturity state and won%26#039;t pull any new costumers in.

I would NOT affiliate myself to this company, but that%26#039;s just my suggestion.

Investing with Minvestment???

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The site looks like a scam to me. They are offering over 2% interest a day. (not 2% a year, 2% a day) No one can honestly offer rates that high. I%26#039;ve seen a lot of these HYIP%26#039;s (high yield investment plans), and they%26#039;ve all turned out to be scams.

qzz|||Minvestment falls into a group called HYIP. These are very risky. Most of the HYIP%26#039;s fail...probably all will in the future.

Here is a site that explains it. http://www.corporatenarc.com/hyipscam.ph...

This site shows all the ones that are not paying anymore.

http://www.hyipinvestment.com/scams.php

Just remember if it is too good to be true. It probably isn%26#039;t.

The market runs on fear %26amp; greed. This is the greed part.

Find an invesment group like AAII to help you make long term consistent gains.|||Scam.

What is it with this crap and Yahoo answers? Are you trying to scam us with this b/s??

At 1.4% daily you would have a BILLION (yes with a B) dollars in a couple of years...

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