SEC is for public companies, not startups And this is probably not illegal. But you guys have to be clear on your phrasing. Are you looking for investors, or creditors? It seems like you want to borrow money rather than sell shares to investors.
This doesnt make sense. Why would i give you $100 when after 3 months i only get $110 in return? There are many other better ways i can invest $100 and get more than $10 in return.
Thank you, you are correct, and I mentioned this somewhere in the thread as well. Its $initial + 25% more + the paypals 2.9% back in 3 months if you give $100 or more.
They can't do shares, though, because that WOULD be illegal. The lending, however seems to be completely legal.
I've thought about it, but I don't think I will, since I have other expenses coming up. IF you guys need any writing services, though, hit me up.
Dont give these people money bunch of dam scammers look here http://forums.digitalpoint.com/showthread.php?p=7390905#post7390905
If you're serious about starting this site you should google "peer to peer lending" and put together a business plan. Plenty of investors are out there waiting to invest in something with a 25% return. Right now you have no business plan, no background of successful startups, no official documents for the deal, etc... Only a complete idiot would send you a dime. Maybe thats the idea? Thats my own opinion though so good luck.
looks like another spam ! A HYIP, get rich quick, be your boss, marry a model, buy google next month --- or just a futile business without a Business Plan. lolz