Hello Jacustomer,

Felmina Alliance has been on the web since 2010, according to its whois information. It has opted to keep its registration information private, which, though not an absolute sign of a scam, it is something that most reputable businesses do not do. Their contact information consists of typing into a website box. Their area code indicates that they may be in New York City and yet reviews indicate that they are in Panama. In any event the New York Secretary of State does not have them on their registry of active New York businesses. Companies incorporate in Panama because their business regulations are very loose, and it is very difficult to get information about a Panamanian company.

Nevertheless to extend investment opportunities to people within Australia, they would have to be authorized by the Australia Securities and Investment Commission, which would mean that they would appear iin ASIC's registry if they are dealing lawfully in Áustralia. However, you can see for yourself that they are not. See link

All thing considered, if they are not ASIC authorized, they are outside of the reach of your consumer protection authorities and also -- if they are indeed in Panama -- outside of the reach of your law. For that reason at best they are operating unlawfully, at worst, they are downright fraudulent. Further, given the great extent to which they are keeping their actual whereabouts under covers, and the fact that they are likely located outside of Australia, I would pass up an opportunity to use their investment services.

Any business that goes to such pains not to reveal who, where, and what they are is generally up to no good. Felmina is a hyip, and as some of the web and scam reports indicate, then it is by definition a Ponzi scheme. New investors come in and some even get to make some money. But eventually the whole business will collapse when the number of new investors are not enough to pay off the older ones who are looking to cash out. The Association of Certified Fraud Examiners say that the average lifespan for one of these is about two years.

Hyips are volatile, risky and illegal and, in every way, outside of the reach of your law.