The GTC Group Billion Dollar Trust

Here's an offer that has scam written all over it. The GTC Group (I'm kind of reluctant to link to their website, on the off chance that I'll help send a victim their way, but here it is) claims that if you agree to establish a trading account in their name (no money or fees required!), they will pay you, and 5000 other lucky volunteers, $24,000. They're circulating this claim via email. Here's how they explain the deal on their website:

Our client is a family trust with $1B to invest. We recently presented them with an investment opportunity to make a return of 18% without risk. Unfortunately, this opportunity involves the purchase of certain restricted financial instruments in the Asian markets. Due to regulation, the purchase of these instruments is restricted to $200,000 per person (or trust or any other entity). We are therefore unable to invest any more than $200,000 of our client's funds. We presented our client with a possible solution, to which they were agreeable. Our solution is very simple, as I'm sure you may have preempted already. We require 5,000 people who would like the opportunity to earn a share of the return WITHOUT any investment required. Once we reach this number, each person will have a trading account established in their name. Each account will be funded with $200,000. The trading cycle will then begin, which lasts for just over one month. At this stage, the profit will be split between our client and the participants. Of the 18% return our client will receive 5%.

You don't really need to read any further than "a return of 18% without risk" to know it's a scam. There's no way to make an 18% return on anything, let alone $1B, without risk. There's also the fact that they claim to be a billion-dollar trading outfit, but they can only afford a rinky-dink website. And we're expected to believe that some "family trust" is going to entrust them with $1B? Even though they claim no fees are required, I'm sure people who sign up will be asked to pay 'unanticipated fees' somewhere down the line. I'm also sure no one will ever see that $24,000. According to the registration info for the domain name, the GTC Group is run by some guy named George Davies out of Stanbrook House, 2-5 Old Bond Street, London. (Thanks to Harvey Wharfield for forwarding me the link to this thing.)

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