Aurum Bank is not a real bank as it is claiming. It is just a Ponzi scheme which can be collapse anytime in the future because Ponzi scheme never sustain for long time and even if some Ponzi scheme manages to survive for long time, they can have legal issues anytime in the future because Ponzi scheme is illegal in most of the countries. If you want to know in detail why we are saying AurumBank is a not a real bank but a Ponzi scheme, then you can find the detail within our Aurum Bank review as below. However, if this much information on Aurum Bank is enough for you and now instead of finding out the details on Aurum Bank if you want to find out the real opportunities to make money online, then you can find the list of several kinds of legit online money making opportunities which are 100% legit and sustainable by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
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OK, now let's begin with our AurumBank review in detail in order to find out what is Aurum-Bank.com in real.
Aurum Bank login and join in link:- https://aurum-bank.com/ (Not Recommended to join)
Aforementioned, Aurum Bank is a Ponzi scheme, which means illegal and unsustainable business in the name of bank. So, this much reason is already enough for not recommending it. However if you want to know more details on it, then you can find as below.
1. Unclear Owner details:-
There is not any information on who and from where is running Aurum Bank, neither in their website nor in WHOIS details . None of the legit bank will hide their owner and staff information. So, this already proves the intention of the owner of Aurum Bank is not good.
2. Fake Bank:-
Aurum Bank is not a registered bank. If you search in detail, then you will find out that Aurum Bank is not regulated nor insured because Aurum Bank hasn't get the license to run as a bank anywhere in the world. They have only provided the registration number from the UK Companies House and that is also not as a Bank, but as a Aurum Financial Group Ltd. However, that registration is not the registration to operate bank or even a investment company. That is the registration only for tax purpose which lots of Ponzi schemes like Aurum Bank is using to trick people into their scam because it is very easy to register company in UK Companies House. If you can pay 20 GBP, you can easily register company in UK Companies House for which even you no need to have real address in UK. If you can provide any rental address from any virtual address service provider, you can simply register company in UK Companies House. If you check the history, you can find out tons of companies which were registered in UK Companies House have been already turned into scam. So, that proves that having registration document in UK Companies House doesn't make any company legit.
3. Tricking people:-
Most of time Ponzi scheme doesn't pretend to be bank and just claim to provide the rate of return by acting like investment company. However, Aurum Bank is more bad than those Ponzi schemes because it is pretending to be bank which it is not due to which it can trick lots of people to invest in it thinking it is a real bank. But, like we have said before, they don't have any legal license to operate a bank or investment company.
4. Bogus Business Model:-
You can think yourself. Aurum Bank is claiming to pay upto 17% daily for 15 days or 6500% ROI in 110 days. Well, if there is any bank which can afford to pay that much amount, they will be highlighted in top news channels and will have already renowned all over the world. None of the bank can afford to pay that much amount because in order to pay such high rate of return, bank first of all need to have a client who is willing to pay more interest than that. But, there is not any person or company who will like to pay more than 17% daily or 6500% total in 110 days in order to take a loan because no one can make any benefit by paying such high interest. More than that, none of the legit bank in this world is allowed to pay such high rate. If any real bank starts to pay such high rate of return, they will be seized by government agencies within some days.
5. Unverifiable source of income:-
There is not any verifiable source of income other than the money invested by Aurum Bank affiliates themselves which prove that it is a Ponzi scheme. Yep, Aurum Bank claim that they handle foreign exchange trading operations in the stock, currency and cryptocurrency exchanges, but failed to provide any verifiable source of proof for that. So, that proves they are paying existing members using money of new members which will soon make their system unsustainable and like other Ponzi schemes, they will also stop paying soon in the future because Ponzi scheme only pays at starting to some members in order to lure more people into their scam and soon later stop paying completely. So, stay away from Aurum Bank.
Aforementioned, it is clear that Aurum Bank is a Ponzi scheme. Actually, it is not only a Ponzi scheme, but combination of two illegal schemes and those are Ponzi and Pyramid because it doesn't only claim to pay certain amount of ROI to its members on the investment plans, but also claims to provide 17% referral commission and that is also upto 5 level of downlines on the sales of those investment plans. Any company pretending to be paying referral commission upto different level of referrals like MLM (Multi Level Marketing) companies, but without selling any real products or services, just on membership fees or investment plans falls into illegal scheme known as Pyramid scheme. If you want to know more details on Ponzi and Pyramid schemes, then you can click this link:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
So, stay away from Aurum Bank. We have listed it within our Not Recommended sites list. If you want to know what kinds of companies we have recommended, then you can find the list of legit companies by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
We always suggest everyone not to go after fake investment companies like Aurum Bank and always work with established online work company from where anyone can make sustainable income for lifetime on regular basis so that they can quit their job. Our No.1 recommendation for that is Wealthy Affiliate. If you don't know what is Wealthy Affiliate and how can you earn money from Wealthy Affiliate, then you can click this link:- newsonlineincome.com/wealthy-affiliate-review/