Speed Car Money Review: Beware of “Speed Car Money” because SpeedCar.Money is a scam site. OK, let’s find out why is SpeedCarMoney a scam, what makes Speed Car Money a scam and what is SpeedCar.Money in real through our SpeedCarMoney review here. So, let’s begin with our Speed Car Money review.
SpeedCar.Money is a fraudulent website due to the following reasons:-
# SpeedCar.Money is a Ponzi scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the general public to stay out of the Ponzi scheme due to its unsustainable nature. The majority of members will lose their money in Ponzi scheme and only a few ones who join the system at first will make some few bucks due to which you will find out some few people who promote and support some Ponzi schemes.
# We can say SpeedCar Money is a Ponzi scheme because it doesn’t have any real source of income to pay profit its members. It claims to pay up to 150% profit in 30 days on the investment amount of members. However, it hasn’t mentioned how and from where it can make such huge amount of profit which proves it doesn’t have any real source of income and only can pay members by routing the money between the members which is not a sustainable business.
# All the Ponzi schemes like SpeedCarMoney trick people by showing the real payment proofs because they pay few members at starting by routing the money between the members so that they can lure more people into their scheme by showing those payment proofs. However, it is practically not possible to pay all members in that way because when they pay one member, they need to use the money invested by at least other two members so that they can pay the principle and profit to that one member. But, whenever they pay members in that way, they will create a debt equal to the amount of profit that they use to pay the members. So, even Ponzi schemes like SpeedCar Money want to pay all members they can’t because day by day the debt will be kept on increasing and they will not have enough fund to pay all members. That’s why Ponzi schemes like SpeedCar Money are illegal schemes.
Now you know that SpeedCar.Money is a Ponzi scheme. So, Speed Car Money is a fraudulent website. That’s why we have listed SpeedCar.Money within our “Scams” category. So, in this situation, we don’t recommend you to invest in SpeedCar Money.
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