Cobex trade hopeless

Sad but true, adding to the list of last year famous scam hyips club, to join A3Union, MinInvestment, Open Trade, and a few others is Cobex Trade. Claimed to be a real investment company based in Panama and was launched in February last year, Cobex Trade was no different from its ‘sisters’ when it had offered low ROI types of plans with principal locked up for 180 days.

Cobex Trade has totally gone in beginning of this year. It’s not a surprise tough, if you know how to calculate the expectation of hyip cycle based on the date of it launch and the plans it offers. In this case, cobex trade was started in February 2007 and based on 180 days principal locked up period, it could lasted until September or October last year. But don’t forget it wasn’t exact 180 days tough, because when we add public holidays and weekends, the duration had prolonged to at least 260 days. So, it was not a surprise if cobex trade had turned to scam in January this year as more and more principals had been expired and members started to request to withdraw them.

Prior to disappearance, cobex trade had shown several red signs when the admin suspended some members’ accounts which belong to big depositors without any reason. The admin also suspended other members’ accounts when they neglected to submit verification documentation. Even tough when they submitted those documentations, their accounts remained inactivated.

Former cobex trade victims also said that their principals which were supposed to expire, never expired and as a result, they couldn’t withdrawn their principals. Before Christmas holiday, the admin sent an update stated that they were off from December 24th to January 1st. However, they never came back ever since then.