Is AMFEIX a Scam?

[Hamzaal24]

If something's too good to be true, then it probably is.

This is a statement people seem to regularly ignore, particularly in Crypto. AMFEIX has received over $50M from people by promising returns ranging from 48% - over 100% a year. The fund manager remains anonymous.

Various Crypto media outlets have helped AMFEIX acquire victims. It is odd to see even Etherscan, which has investments from the owner of the $2B Grayscale Trust, is promoting AMFEIX.

[bigcash2011]

I have seen their ads even on cmc but people should know that even if they are paying now such plans can never be sustainable and it will end up like all other ponzi schemes.

[TomCrypto]

I have seen their ads even on cmc but people should know that even if they are paying now such plans can never be sustainable and it will end up like all other ponzi schemes.

Last month, I got interested with one of their ads and I then look for details. Obviously, what they are offering smells more like a ponzi than a legal and good one. I hope that they can't be victimizing more people before the scheme collapsed.