The latest offering from young Quicksilvers HYIP promotion forum
It's "Metal ROI" which advertises:
Sounds good so far, right ????Metal ROI is a registered company in Australia and our certificate of incorporation can be seen in our main page.
let's take a quick look at its' "licence" shall we:
Yep, licensed to do business in Mauritius....WOOHOO...that's inspirational for investors.
How about the Australian "certificate of incorporation:
Err, umm, but, but, but isn't incorporation in Australia different than incorporation in the rest of the world ??
Let's ask the supposed issuer of the certificate, the Department of Employment and Consumer Protection, shall we ??
What's this ???Eligibility for incorporation
Section 4(1) of the Act provides that an association is eligible for incorporation if it has more than five members and is formed for any of the following purposes:
- for a religious, educational, charitable or benevolent purpose;
- for the purpose of promoting or encouraging literature, science or the arts;
- for the purpose of sport, recreation or amusement;
- for the purpose of establishing, carrying on, or improving a community, social or cultural
centre, or promoting the interests of a local community;
- for political purposes; or
- for any other purpose approved by the Commissioner.
However, an association formed with the purpose of trading or securing pecuniary profit to the members from the transactions of the association is not eligible for incorporation. The Act intends that incorporated associations will be non-profit or not for profit organisations. This does not mean that an association canít make a profit from its operations; but it does mean that any profits are to be used to further the objects of the association and not to provide personal gain for the members. (Compare this to a company where profits are lawfully distributed to shareholders [members] in the form of dividends.)
A fake certificate ????
Faked by a HYIP ????
NAH, couldn't be.
Back to the drawing board there, young Quickie.