In this review we show that Lorikeet Investment is a scam program that has no support from major financial institutions.
What is Lorikeet
Lorikeet is an investment company that supposedly has a professional team that manages investment across three asset classes: equity, fixed income and multi-asset.
The main focus is on gold, the commodity. There are several investment plans for people to choose from with daily returns starting at 6% and going up to 26%. However, there is a 1 month lock-in period.
Deposits are denominated in Indian Rupees, the minimum is Rs:1000 and for the most rewarding plan it is Rs:2000000.
Lorikeet says that it is headquartered in London, United Kingdom, and that it has offices in 7 other countries: Australia, Switzerland, India, Dubai, Hong Kong, Vietnam and Thailand.
Is Lorikeet a legitimate investment opportunity to grow your money?
Lorikeet is a scam
In our research about Lorikeet we found proofs that this investment platform is a pure scam. It is not conducting any investment activity, it has no financial institutions as partners. You should stay away from it. Here are the details.
On its official website, Lorikeet Investment displays logos of renowned financial institutions, such as HSBC, Barclays, JPMorgan, UBS, Wells Fargo or Citibank.
It is suggesting that these banks somehow are partners of the project, but in reality they are not. Our investigation revealed that none of these banks is connected to Lorikeet in any way.
You can see it for yourself, just contact any of the banks that Lorikeet is featuring on its website to verify that they are not connected at all.
Fake and illegal company
Lorikeet claims to be headquartered in the United Kingdom. But it is not true. The company is not registered there.
What is more, the Financial Conduct Authority, which is the financial regulator in the United Kingdom, has blacklisted Lorikeet as an unauthorized financial service!
Lorikeet as an investment company is fake, it does not exist in the UK, it is not registered there. The same applies to all other countries, like Switzerland, Australia or India, the company is not registered there as an authorized investment service.
This means that Lorikeet’s services can’t be offered legally in most countries of the world. Also, deposits with this company are not protected in any way and can disappear any time.
Just look at the plans
The quickest way to see that Lorikeet is a scam, is to look at the investment plans. Because 6 to 26% monthly returns speak for themselves.
To be clear, no legitimate business can generate 26% monthly returns to their customers, it’s just impossible. Let alone in gold spot trading. Financial markets are mostly unpredictable, so it is very hard to achieve profits in trading.
This is not to say that nobody can profit in financial markets, in fact many people do. But nobody is able to generate a steady 26% per month as a company for their clients. That is a a fact.
Imagine for a moment that you can generate 30% monthly or more. Would you give 26% of that to people for free and keep just 4% for yourself? Of course not.
The typical argument of scammers is that they need capital to trade big. Well, in that case, if you are a profitable trader with a proven track record, you can always get a loan for let’s say 15% per year, so you don’t have to pay 26% monthly to you users.
How Lorikeet works
Lorikeet Investment was built as a Ponzi scheme, it is obvious from its structure. The only thing it does is taking money from new users and transferring it to older members.
In other words, the company is not making any money in real financial trading, it just runs an illegal financial pyramid.
It certainly does not have 130 million users worldwide, it is much smaller and it is destined to crash. As soon as deposits from new members don’t cover withdrawal requests, it will collapse.
Early signs will be delayed payments and excuses about why it is happening. So stay away from it.
Lorikeet review – Conclusion
Lorikeet is a fake investment company that has already been blacklisted in the United Kingdom, where it supposedly is based. It is also a financial scam based on the infamous Ponzi scheme.
Don’t believe any offer that promises 6 – 26% monthly like Lorikeet, only scams display numbers of this kind.
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