Renewable Energy

Oil and Gas Investment Seems Attractive, But Is it Credible?

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9 months ago

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I ran across a solicitation for investors to join a certain company that is promising a return of 1.19% daily, or (1.0119)^365 per year, = 7503% = 75.03 times your investment.  $20K becomes more than $1.5 million a year later.

Hmmm.  I don’t know much about criminal law, in this case fraud, but aren’t the purveyors of this investment going to wind up in prison?

Oil and Gas Investment Seems Attractive, But Is it Credible?
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