PanaMoney Scam?

It seems people's trust of panamoney might be slipping away? If I can for sure say PanaMoney is a scam, then that is the day I will have lost more money in hyip programs this year, as I experienced on the collapse of Genius Funds. Now, regarding this issue of Panamoney.net, there have been a lot of rumblings in the forum about negative voters on monitors, and how they could be duped. If you sift through the forums of talkgold.com, and moneymakergroup.com , you can see there is more unrest with members. Even though it is currently a paid sticky on these forums, there is still the uncertainty that one day, this hyip program will fail. Now, I will bring to you the atention of old news, but just to confirm with everyone this is not what you think it is. They might trade in forex, but they simply cannot pay out 1-2.5% a day without getting funds from other members.

http://www.bcsc.bc.ca/cautionperson.aspx?id=7830
In 2008, 2009 and 2010, British Columbia residents were solicited to open managed foreign currency (Forex) trading accounts with Panamoney Technologies Inc.  Panamoney Technologies, Inc. is not registered in British Columbia to trade in, or advise on, securities and exchange contracts.



As you see, the Canadian Government already investigated Panamoney long before, and they are still operational after this verdict, and we are now approaching over a year of this notice. Please note that even though they are still online right now, they can close suddenly, like Genius funds.

To finalize, will PanaMoney scam? As with all risky HYIP programs, I will have to say sooner or later this site will close, but as with all unpredictable hyip programs, it will take time and eventually either the site runs out of cashflow, and is investigated and everyone finds out thay are a ponzi scheme. As with all disclaimers, I am not saying Panamoney is a scam right now, but due diligence before investing.