This is a scam, if you send your money to this guy, it will be gone forever. Also don't think he will pay out in the beginning to the first couple to make it look legit as he knows he is already underwater with this scam, and will take the first person's money and run. There is absolutely no way anyone can afford to pay 5% interest per week. It's just not possible, and anyone who tells you otherwise is trying to fool you and steal from you.
He also blatantly said the goal was to gamble with the deposits because he has a, "sure fire way to win". realize this is impossible as every casino ever would be out of business. There is no mathematical model that will allow a gambler to have an edge over the house as he describes. I can't wait to hear the excuse as to why the people who developed it, "can't come out and explain how it works", because in short, it doesn't because it can't.
Invest any money and you will lose it.
EDIT:
As a private transaction, this program is exempt from the US Securities Act of 1933, the US Securities Exchange Act of 1934 and the US Investment Company Act of 1940 and all other rules, regulations and amendments thereof. We are not FDIC insured. We are not a licensed bank or a security firm.
Straight from their Rules and Agreements. This is laughable. You do not get to pick and choose what agencies and laws you follow. That is just not how it works. The rest of your "agreements" page is full of laughable clauses and sentences.
