Another opportunity to make money online that you will encounter is what we call high yield investment programs or HYIPs.
These programs are actually popular with a lot of people because it doesn’t really require you to do any work. You will just need to invest money and you will receive a good return on your investment for a certain period.
Unfortunately, a lot of these HYIPs turn out to be a scam, as this business model is not sustainable. For today, we’ll be talking about the HYIP Aurum Bank, which is promising daily returns for 40 days.
The money you can earn will depend on how much you will invest. Using the company’s minimum allowed investment, it’s possible to earn $0.008 per day.
But is this a legitimate opportunity or is it just a scam like the other HYIPs?
You can also check out the step-by-step training that helps me earn over $10,000+ per month working from home.
Aurum Bank is a Scam that You Should Stay Away From
Despite the name, Aurum Bank is not actually a bank, but an online high yield investment program that promises to reward your investments with high-interest rates.
This allows you to make good money with just a small investment. The returns are guaranteed and they promise that there won’t be any risk, a need to do some work, or required skills to achieve the lucrative return.
It claims to be a UK-based company that has an office in London and is registered under the name Barry Newton, which is likely not the name of the actual owner.
They offer several investment programs, depending on how much you want to earn. No matter what the company claims, though, don’t believe it, as Aurum Bank turns out to be a big scam.
The money you invested will never be returned to you, so don’t even expect to get big returns from it. The fact that the company is guaranteeing returns is already a red flag.
Legitimate investments don’t really guarantee returns because returns on investment are actually never guaranteed. But as we review Aurum Bank more, you will see why this company is considered a big scam.
Who is Aurum Bank Made For?
Aurum Bank is made for people who are looking for ways to make money online. The company promise to offer big returns for your money and they only require a low investment as a start.
The company offers several investment programs for you and these programs will offer varying interest rates from as low as 0.8% to as high as 6500%.
Yes, that’s not a typo, as Aurum Bank promises as high as 6500% ROI on the money that you will invest in the company.
The number of days you will need to wait to get your money back can be as low as 15 days to as high as 260 days. The company says that the longer you keep it invested, the more money you make.
Unfortunately, you will never see your money, regardless of how long you keep it invested with the company.
Aurum Bank never mentioned on their website how they are able to provide guaranteed high returns. There’s no mention of how they utilize the money you invested to be able to generate high returns.
There’s also no products or services that the company offers, so there’s a big question mark on how the company earns money and still be able to provide you with high returns.
It seems like the company’s earnings and the return it provides to investors is based solely on the money coming in from new investors, making its business model a Ponzi scheme.
This means the only way you can earn your money back is if there are more new people believing in the company and putting money in.
How Do You Make Money with Aurum Bank?
As mentioned above, Aurum Bank offers several investment plans that will supposedly allow you to earn more money.
The investment plans are Stable, Classic, Prestige, Premium, and Partner. For the Stable plan, the company promises to pay you 3% to 5% ROI per day for a period of 30 to 110 days.
The Classic plan is the lowest earning of the plans they have as you can only expect to earn 0.8% to 2.75% per day for 40 to 260 days.
The plan with the biggest return is the Prestige plan, where the company promises to pay you 400% to 6500% ROI after 20 to 110 days.
The Premium plan gives a 7% to 11% ROI daily for 30 to 110 days and, lastly, the Partner plan allows you to earn 12% to 17% interest rate daily for 15 to 20 days.
The minimum amount you can invest is $10, but the company says the more you put in, the more money you will make.
Aurum Bank guarantees the returns on all its investment plans. As appealing as this all looks, you have to remember that there’s no investment out there that can actually guarantee returns.
Not the stock market, not the forex market, and not even a business. The reason for this is that there’s really no way to predict accurately how the market or business will perform.
Investment companies and entrepreneurs can only provide a calculated estimate of how an investment might perform, so guaranteeing a return is something they cannot do because they’d be outright lying if they do so.
This is what Aurum Bank is doing to you; they are outright lying to you about how much money you can expect to get from the investment that you are putting in.
I’ve yet to see any evidence that there are legitimate people who actually made money investing in this company.
What is Good about the Opportunity that Aurum Bank Provides?
Now that we know more about Aurum Bank and the opportunity it provides, it’s time to discuss the good thing about the company, if there are any.
- Unfortunately, I can’t really find anything good with what Aurum Bank is offering. They’re not that different from the many HYIP opportunities that came before them, offering empty promises of high returns only to turn out to be a scam in the end.
What is Bad about the Aurum Bank’s Opportunity
There are actually a lot of bad things about the opportunity that Aurum Bank provides, but I’ll just mention the important things that you need to remember.
- The first bad thing that you should know is that Aurum Bank is a scam and you will never be able to make money with the company, regardless of what promise or guarantees they are providing you.
- It’s bad enough that Aurum Bank is a scam that doesn’t really pay, but it’s made even worse by their blatant lying. Everything about the company is a complete lie, as I don’t think it’s really based in the UK. The payment proof you will see on their site are all fake, as well as the different people you see on their video saying they already made money with Aurum Bank.
- It’s also bad that you can actually lose money with this site. Some site scams will only be wasting your time and effort, as they won’t pay you for the work you did. But for Aurum Bank, you will actually be losing money here. It’s an investment site, where it promises to provide you a certain return after a certain period. This means you will need to put money into the site in order to earn, money that you will never see again.
Is the Aurum Bank to be Recommended?
The answer, of course, is no, as Aurum Bank is not really different from the many HYIP opportunities that popped up before.
They entice you with a promise of good returns on your investments after a certain period of time. They put up a great website with statistics to convince you that they are legit.
They even put up a fake video testimonial of people who have already earned big with the opportunity, saying it helped them achieve their dreams or helped them climb out of financial holes.
But once you believe in the hype and put your money in, you will never see it again, unless these HYIPs get more people to invest.
Aurum Bank is the same, as it is just a Ponzi scheme, relying on new membership and investment for its earnings and for the money that it will pay its old members.
The bad thing about this company is that it doesn’t even seem like its paying people anything, as there really hasn’t been any evidence that shows people actually earned money with them.
This means the owners and developers are just pocketing whatever money they are receiving from people who believe the hype.
Though a lot of people are already wising up to the schemes of Aurum Bank, companies like them will keep on coming, as long as there are people who believe in them.
It’s important that you remember to always do your research first before you invest your hard earned money into something.
One thing to look at is to check how the company is making its money. If it can’t provide an explanation on where they get their money from or if the explanation is confusing, it is highly likely a scam.
It’s also important to remember that no legitimate investment opportunity will guarantee earnings, as it is really impossible to do. So if a company is guaranteeing ROI, it is likely a scam.
- Bit Fun Review – A Make Money Opportunity
- Geeker Review
- Is Onelife A Scam?
- Is Socofnews Socupnews Legit?
- Vantel Pearls Review – Can You Make Money With This Opportunity?
Latest posts by Frank (see all)
- Super Affiliate Machine: Is it Legit Or A Scam? We Review It - November 4, 2020
- 5 Financial Metrics to Keep your Business on Track as the World Emerges from COVID-19 - September 15, 2020
- A Complete Guide to Using Technical Indicators to Trade Cryptocurrencies - July 8, 2020