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Rangee states in the FAQ document that "First of all I want to say that what we are doing isn't illegal at all." The FAQ document was obtained by P.TV. If it were illegal, it would be difficult for me to take part in it. It is not worth the chance of being arrested. Also keep in mind, should this be a scam, I, and [Rack] would not go through the process of putting our names out for the world to be aware of who we are. I am a fan of this community too much and have invested a lot of time to make myself relevant."
The way to put it is that those who suffered from the scam believed that if pay Calvin an amount of money, Rack would pay them back with high interest rates. Raangee would get a 25 percent cut in the fee for recruiting. In the FAQ, Rack usually sends a receipt to show what's owed. The funds are received within 7-14 business days because of the security of his bank.
"Most banks require about 5 business days max to transfer funds, but Rack's bank differs from the norm." Initial those we spoke to said they received the promised money from Rack However, soon after, communication ended. Many victims claim that they didn't receive any money at all from Rack. The scammers would use excuses or ignore victims when they tried to reach Rack regarding their funds.
"We were supposed to receive the money], but it was never done. We waited for nearly a month and he came up with many excuses like his PayPal is locked, etc to buy time," another alleged victim reported to P.TV.
A 20-year-old Australian claims that the loss of $5,000 and has made a cybercrime complaint. He also supplied photos of the exchange with Raangee to P.TV. The screen captures Raangee persuading the victim to make an investment of $5,000, promising a return of $2,500. "Ofc [of course] for any person, it's frightening to transfer money," Raangee says to the victim. "But I'm at the point where I'm used to it now and I completely understand first-timers' concerns."
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