The biggest Scam investment program AVO.net, one member committed suicide.
By rhodzptc
@rhodzptc (1317)
Philippines
November 23, 2012 10:58am CST
Some people have made a successful earnings with this investment sites and now it turns into a a big scam after their 90 days successful operation they increased their daily earnings into 14% a minimum of $500 dollar and money will be returned after 6 days then it turns into scam. After few days of hoping that the sites will still paying, some members of the sites just post this shocking news on our facebook group that her friend committed suicide after she found out that the site turned into scam. It is because she borrowed an amount $6000 just to invest to the mentioned and promised that she will return it after the 6 days cycle. All of us in that group have learned our lesson a very mistake for all of us, we are too confident that the site is legitimate we make our self believe that it would the solution to our financial problem but we are all wrong though some of us earned a lot of money we can never bring back the life of that person no matter we contribute all of the earnings we made. I just hope this would leave a lesson to every one in here too. No matter how good is your investment program is always remember that "do not invest what you can't afford to loose"
6 people like this
20 responses
@mariaperalta (19073)
• Mexico
23 Nov 12
thats terrible.. but people have to know these sites cant last long. At paying out more than bank do. it has to turn scam sometime.
@babyanna (1216)
• China
24 Nov 12
Awww,that is just so tragic.
You're absolutely right. And I think it is wise to divide our money instead of putting them into one single investment. We should be extremely cautious when it comes to investing online, especially with someone else's money.
You're absolutely right. And I think it is wise to divide our money instead of putting them into one single investment. We should be extremely cautious when it comes to investing online, especially with someone else's money.
@joliefille (3690)
• Philippines
23 Nov 12
That is so sad to hear. This kinda reminds me of the Amman Futures pyramid scam. In the news some people are heard to be very distressed losing their hard-earned investment which they can never get back because the scammer has run away with it. It's bad hearing something like this when it's nearing Christmas. I have invested a bit of money in a program one time but have gotten back my initial investment. I am quite wary of joining new investment programs these days.
@nykalex88 (243)
• Philippines
24 Nov 12
Yeah! The AMAN Future Trading! That investment scam really fooled thousands of residents in Zamboanga del Sur, Philippines. Well, the scheme isn't new especially when you are dealing with HYIP's. Just like HYIP, AMAN Future Trading also uses the Ponzi scheme. Again redistribution of money from the new investors to the older investors until the scheme will collapse. Families, lives and wealth were lost because of that investment scam.
@adhyz82 (36249)
• Indonesia
24 Nov 12
i do hope it can be brought to the trail..
the administrator of AVO.net must be brought to the trail
it`s the lesson for us not to believe 100% of the investment site..
sometimes it`s easily for turning into scam site..
we should take this information as important matter that be careful in any investment site
@Cutie18f (9546)
• Philippines
23 Nov 12
Moral lesson: when a site is asking for money from you, most likely, it is a scam, so avoid it and don't fall into the trap.
@BreeSoFrugal1 (184)
• United States
24 Nov 12
Right that is a lesson, people have got to read and listen to others for information, so that they wont fall for these traps.
@romzee (937)
• Philippines
30 Nov 12
I can see no legitimacy on this kind of scheme, paying investors 14% of their investment for only six days! 
Who on the earth can pay this high interest but only the scammers who just baiting you and other fool to invest your hard earned money on their scams... and they are betting on your GREED to earn easy money!
Have a nice evening.
Ciao!
@manayonboy (511)
• Philippines
24 Nov 12
its a sad story but that is always the case if you are investing in a high interest return online or not. in our country today so many were involve in a scam called double your money millions were being scam to them
@trisha27 (3494)
• United States
25 Nov 12
I have to say that that is really sad that she took her own life because she was scammed out of the money and the sad thing about it, is that the scammers don't even think about that. All they care about is taking away innocent people's money. Not caring what it does to these people. Because most people are desperate especially with how people are now struggling today with all that is going on.
I agree with you on your advice, that people should not make an investment into something that is too much for them to afford living without. I think also people shouldn't invest in companies that just sound too good to be true, because most likely it is too good to be true.
Good that you learned your lesson before it was too late and you invested even more money.
@inertia4 (27960)
• United States
25 Nov 12
Thats why MyLot is so awesome. I don't trust those investment sites. Why would you want to throw your money away like that. We work hard for what we have so we should be looking to be saving it. Stay away from those sites and put more effort into MyLot. This is a legit site, an honest site and a true winner in my book.
@natliegleb (5175)
• India
24 Nov 12
ya for sure nowadays so many scam operate and we must never ever try to get fooled by these kind of stupid scams,and never believe in be rich in just a single day offers
@bostonphil (4459)
• United States
24 Nov 12
This is a sad story but this sort of thing happens a lot. Just as you say in your last sentence, "do not invest what you can't afford to lose". This includes everything and anything including investing in the stock market or real estate.
There are a lot of online scams. You can not be careful enough. Equally, there are a lot of scams and scammers offline as well.
It is always wise to keep in mind "do not invest what you can't afford to lose". That is good advice.
@jvincent_129 (4994)
• Philippines
24 Nov 12
He should have assess the situation before lending that kind of large money. There are many scams out there and he should be careful. Don't trust anyone immediately because it might hurt you in the end. I think what he did was very risky considering that he borrowed that amount of money just for that, it was too much of a risk to take.
@vidhyaprakash_2 (7116)
• India
24 Nov 12
Hi friend, sad to hear about this, hope the lost soul will RIP. We must be very careful while investing our money with online sites. As you mentioned she got debts to invest the money, it is really a great mistake from her side. This is an eye opening incident to others, here after people will be very careful about this kind of scams
@vernaC (1491)
• Romania
24 Nov 12
People are so mean, trying their best to fool other people using their
skills and intelligence. This is truly a lesson for everyone, not to
trust right away specially with internet websites who asks for money.
They are more difficult to track down and almost impossible to file
charges. I feel sorry for your friend. It is indeed a very difficult
situation having a large amount of debt to pay in week. Even myslef
don't know how to pay that amount. I'm not saying her choice was the
best choice but I think I understand her. I really feel sorry though.
@anne25penn (3305)
• Philippines
24 Nov 12
This is shocking news indeed. I can't blame your friend for wanting to earn money as fast as what this scam site promised. But such things are too good to be true. I always question sites that promise such a big return for a short period of time. Even in stocks, it takes time before you can see your money grow. So I hope this becomes a lesson to everyone. Never, ever believe in a site that promises your money to grow ten fold in a matter of days. It never happens.
@rsa101 (38166)
• Philippines
24 Nov 12
That is tragic in here since I also have been with this program and I actually gained profit from this site. I Although it did not finish its course since they suddenly stopped paying already. I heard that story as well, I think the lesson in here when investing in this kind of investment schemes is never put everything in and placed something that you are willing to lose no matter how juicy and tempting the investment is.
Always leave something for yourself.
@marguicha (223720)
• Chile
24 Nov 12
This sounds terrible
. I have lost some money with scam sites, but it is always my money and it is money that I can manage to lose. There are unfortunatly many people all around the world who spend more than they can afford to and then gamble on their future to pay it back.
. I have lost some money with scam sites, but it is always my money and it is money that I can manage to lose. There are unfortunatly many people all around the world who spend more than they can afford to and then gamble on their future to pay it back.
@swats89 (1729)
• India
24 Nov 12
That's really a sad news. We can learn our lesson from this that we should not invest money which is more valuable. $6000 is very big amount and I don't know why she deposited it asking loan from her friend. If I have to invest maximum $10 I can invest. Then if site turn scam too you would not lose much money. Also everyday you should withdraw your money so that loss will be less. It is a lesson for all of us that hyip sites are not reliable at all. Cheers.
@Kashidanga1971 (1354)
• Bangladesh
24 Nov 12
Looks like that investor was an immatured girl. She should have believed that 99 percent jobtsites are turning into scam. I dont even believe me.
