DDC briefly looked into an alleged “fund” that “guarantees an annual 20% return” this month. When asked how it’s possible to make such a guarantee, the promoter said he “makes 10% a month” and that “it’s been three years and it’s always been the same.” When pressed about how such returns are generated, we were told a vague story about commissions on oil & gas leases. Our request for detailed answers to our questions were met with laughter (literally) and we were told that we “didn’t get the opportunity here.” We encouraged our client to run, not walk, away.
If it sounds too good to be true, then it usually is.
Peter Barakett, President
DDC – Due Diligence Consulting LLC
