Admins For Maxim Trader Aressted In Singapore
Maxim Trader has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling Maxim Trader.
I have simply gathered for you all the facts in this Maxim Trader Review in order for you to make a proper decision about it.
So, is it true? Is Maxim Trader a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Maxim Trader?
Although bitcoin schemes might be all the rage in the MLM underbelly at the moment, that hasn’t always been the case.
A few years back, schemes and scams in the MLM space all had to do with forex opportunities. This isn’t the case so much anymore, but they used to be huge.
Maxim Trader is one of the most notorious forex scams every launched, and it first hit the scene back in mid-2013 with the offer of a monthly ROI up to 8% following investments between $5000 and $10,000.
The company eventually collapsed in 2015, but not before more than $5 billion USD was solicited from over 50,000 investors all across South Korea, Japan, Malaysia, Hong Kong, Taiwan, Singapore, and Australia.
It was initially uncertain who was responsible for all this, but it was later discovered that the three admins behind Maxim Trader were that of Andrew Lim Anne Hoe, Goh Seow Mooi, and Chin Ming Kam.
A few years have passed since any major developments have appeared regarding Maxim Trader, but that’s finally changed.
On January 9, 2018, all three of these individuals were hit with charges of running and promoting a pyramid scheme, and the report goes as follows:
“On Tuesday, the court heard that Lim is also accused of causing Maxim Capital Limited to carry on a business of fund management without holding a capital markets services license granted by the Monetary Authority of Singapore.
He intends to plead guilty to his offenses and will be back in court on Jan 24.
Chin and Goh allegedly carried on a business of leveraged foreign exchange trading without holding the same license. Their cases have been adjourned to Jan 23.”
As a result of their activity, Lim, Chin, and Goh will be faced with up to five years and prison and a $200,000 fine if the conviction goes through.
It’s great to hear that some justice is being brought down, but when it comes to the $5 billion USD that was solicited from folks during the life of Maxim Trader, that remains to be seen.
The funds were said to be “gone” shortly after the company collapsed, but there’s no way the three admin(s) blew through that kind of cash so quickly.
It’s uncertain if we’ll ever get closure on what’s going on there, but at the very least, the people behind so much lost money and headaches will be getting the consequences they’ve deserved for so many years.
Is Maxim Trader A Scam?
Have you heard from a friend that Maxim Trader is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Maxim Trader – is it a scam or legit?
Good news – Maxim Trader is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
Maxim Trader Review Conclusion
I sure hope that you have found my Maxim Trader review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Maxim Trader review to have all the information for you.
If you decide to carry forward with Maxim Trader, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.