Aurum Bank is an investment scheme that claims to pay you 4.5% ROI per day for 40 days, guaranteed. Find out if it’s a scam or legitimate investment opportunity in our review.
What is Aurum Bank?
Aurum Bank, found online at Aurum-Bank.com, is a high yield investment program (HYIP) that claims to pay you a lucrative interest rate with no work, risk, skills, or trading experience required.
Like most HYIP scams online today, you just give Aurum Bank a bunch of money, and they’ll magically turn it into more money. Through this system, you can earn 4.5% interest per day, every day, for a 40 day period.
Meanwhile, the higher-yield Aurum Bank plans claim to pay you 3500% to 6500% interest over a period of just 85 to 110 days.
Obviously, when you see interest rates as high as this being advertised online, you can be 100% certain that you’re being scammed. Nobody is willing to pay you 6500% interest in exchange for borrowing your money for a short period of time.
Unfortunately, the ridiculously high interest rates aren’t the only thing telling us that Aurum Bank is definitely a scam. Let’s take a closer look at how it works.
How Does Aurum Bank Work?
Aurum Bank is led by Aurum Financial Group Ltd., which describes itself as “a global investment company founded and registered in the UK.”
The company claims that they’ve been active for two years:
“For two years AURUM-BANK.COM makes every single client successful, happy and rich, and it's a great honor and joy for us to make your lives happy and prosperous!”
Yes, Aurum Bank legitimately claims that they’ve made “every single client” rich. They have a 100% success rate.
As “proof” their moneymaking system works, Aurum Bank posts stock images of businesspeople sitting around conference tables, or fake testimonial videos they appear to have purchased online.
How Does Aurum Bank Make Money?
Aurum Bank offers ridiculously high interest rates. How can the company guarantee returns of 6500% and higher? What type of business is Aurum Bank involved in where they can earn those kinds of returns?
The company never explains what it invests in, or how it makes money. Instead, it appears Aurum Bank is based entirely around new memberships. There are no products, services, or investments here. The company just collects membership fees from investors, then will likely shut down once it collects enough money from gullible investors.
Aurum Bank Pricing and Memberships
Aurum Bank offers five different types of memberships.
Stable: These investment plans promise to pay you 3% to 5% per day, guaranteed, over a 30 day to 110 day period.
Classic: Classic plans pay 0.8% to 2.75% ROI per day, guaranteed, over a 40 to 260 day period.
Prestige: Prestige plans are for people who want to make a lot of money. These plans pay 400% to 6500% ROI, guaranteed, after 20 to 110 days.
Premium: Premium plans pay 7% to 11% daily for 30 to 110 days.
Partner: Partner plans pay 12% to 17% daily interest for 15 to 20 days.
Ultimately, we can’t find any evidence that anyone has earned these types of returns from Aurum Bank. There’s no investment plan in the world that can guarantee 1,000%+ returns in any reasonable length of time – not to mention just a few weeks or months.
Who’s Behind Aurum Bank?
Aurum Financial Group, Ltd lists an address in London as its headquarters. The company also lists a UK registration number of 10330779. The founder of the company appears to have taken the time to register a UK-based corporation under the name Aurum Financial Group. Corporation registration documents show the company was incorporated on August 16, 2016. However, it’s now listed as a dormant company because it has never filed any documents.
The company lists just one name involved with the project: a man named Barry Newton.
Ultimately, we’ve seen a number of bitcoin scams take a similar tactic: they register as a UK corporation using a fraudulent London address and a generic name. They promote the scam over a few weeks, then disappear from the internet and repeat it in the future.
When someone is asking you to send them money online but refuses to disclose any information about themselves, their background, or their investor certification, then it means you’re probably being scammed. Aurum Bank also makes absolutely ridiculous promises about the type of interest they’ll pay you. They claim to pay you tens of thousands of percent ROI every year, guaranteed, with no risk or work required.
Ultimately, Aurum Bank and Aurum Financial Group are blatant investment scams you should avoid at all costs.