I get plenty of junk emails, and I usually just delete them. One caught my eye this morning. Here is a partial reprint of the email, touting the product's highlights:
Look, a CD equivalent! 6% for one year, and it pays a 4.5% commission that can probably be renewed every year. Everybody's a winner!
Product Features & Highlights:
- Senior Secured Bonds for safety-
these are NOT promissory notes !!
- Interest rates: 6% for 1 year
7% for 2 years
9% for 3 years
12% for 5 years
- Interest paid quarterly
- BD Commission: 4.5% on 1 year bonds
5.0% on 2 year bonds
5.5% on 3 year bonds
6.5% on 5 year bonds