Anyone knows anything about "The Tran Group"?
they are not FDIC insured becuase they not in usa

http://www.thetrangroup.com/

Savings rates http://www.thetrangroup.com/savings.htm 4.00%-5.00% monthly for USD, euro is higher rates

They give a long detailed reason why they stay FDIC free here

Wow, for a savings account that is pretty good

yah..


but fdic insurance is a must...

Well, I believe almost none of the offshore accounts (or anything located outside of the U.S. for that matter) is FDIC insured. An example is HSBC Offshore. I really wouldn't have much of a problem trusting them with my money.

Many would have insurance provided by other government organizations around the world though. (I don't know about this one in particular.)

Also, credit unions are not FDIC insured. I simply don't see FDIC insurance as a *must*

Can we get some solid facts on these guys? 4% a month seems to good to be true for a no risk savings account.

Please let us know anything you know about this site

Plus it says
"Savings

Below are Tran savings account rates. These are monthly returns. Dividends will be paid each month, in the end of the month."

I think thats still yearly hehe, if so theyre other banks who are FDIC who offer that rate

Is this only for US-citizens?

No, it's not just for US citizens. It's not technically based in the US either.

This is interesting. I see it was advertised in the NY Times, with Fairport, NY on it's ad...

I might have to look into this one. Anyone a member? Please offer any info if you are. Thanks.

Credit Union accounts are insured by the NCUA, a government agency, up to $100,000...

Many investments are not insured, or are otherwise fraught with the chance of loss.

This kind of interest rate really sounds suspect at first glance. It'd be wise to put The Tran Group's name into a Yahoo or Google search and see what pops up

Yes, I agree this kind of interest rate is quite suspicious.
I only said I don't find FDIC to be a "must" because I am fine with unguaranteed but reputable companies or accounts guaranteed by some other organizations.

Haha, on their about page it says:

"
Employment Opportunities
Job Description Closing Date
Senior Credit Officer Pending
Internal Auditor Pending

Apply now!

Tran Group is always interested in talented people who can demonstrate fresh financial thinking. For a Tran Group employment application, contact:
Tran Group Human Resources Department
75 Archbishop Makarios Ave
Nicosia, NI 1391
Cyprus
"

If one's really serious about this one could try to contact their HR department to interview for a position. That might reveal some information as to whether they're for real and how they operate. Unfortunately that would probably require giving up your mailing address to them.

But honestly I wonder if that's even a real address.

Sure the address would be real, I told you jokers before about Cyprus.

Its the home of fat sweaty english ex-pats, trying to con you out of your last dollar.

I dont touch or trust ANYTHING out of Cyprus.

Like most things...if it sounds too good to be true...it is. I would be VERY careful with this. Not pointing any fingers bc I don't know for sure about them but be careful guys.

2 The_Baron

I wonder how stupid you should be, to say such things about the country you don't even know?!

I am originally from Cyprus, and that is absolutely bull****!

Have you ever been to Cyprus?
Have you ever talked to Cypriots?
Have you ever deal with us ?

Yes, we do have a lot of americans, canadians, english. They just live here and enjoy their life. Our country is in EU. We have very loyal laws and rules. We don't have terrorism and all that ****.

Give me names! Who did rip or cheat you off? Which companies/banks/lawyers? Who did get your last dollar, you damn idiot? There are *******s in each country, but you just can't say that my country is full of scammers. We are not like Nigeria. You may check my country in any black list or whatever you want and you will find out that it's a good european country. There are like 20-30 banks here, and not EVEN ONE get bankrupted.

So, think before you post. If you are an idiot, it doesn't mean, that all people idiots like you.
Regards

HI, Pardise14....
Agreed with you,
Your country is very wonderfull country, alot of honest peoples there...
I like to stay there for more time.

I've been with tran group for 1 year, and they are all good... and i dun force any problem with them just make a try, they very wonderfull people.

cheer.

Well when you take a chance and invest in these high percentage hyip's and autosurf's, I WANT TO KNOW DID YOU EVER SAY TO YOURSELF WELL THIS HYIP AND THIS AUTOSURF IS NOT FDIC INSURED? OR DID YOU EVER SAY TO YOURSELF WELL 10% DAILY FOR 13DAYS IS TOO HIGH AND TOO GOOD TO BE TRUE?

If you say yes, then you are a liar because EVERYBODY IN THIS FORUM HAS INVESTED IN A HIGH YIELD PROGRAM REGARDLESS OF THE RISKS AND REGARDLESS OF WHETHER IT IS FDIC INSURED OR NOT.
And so what, yeah I know that the hyip's and the autosurfs does not claim to be a bank but can you please tell me the difference between the hyip's/autosurfs who are not claiming to be banks however they offers high yield percentages MORE THAN 4% A MONTH and the Trangroup which offers a measly 4% a month?
Ya'll nuts

Also not for nothing megazero but sometimes you got to keep your big mouth shut and keep good things to yourself. Never let your left hand know what your right hand doeth. Who cares about these people. If you find something good, keep it to yourself. Tell only a couple of your close friends and tell them to keep their mouth shut. Man please, if I find something solid, which I have, you think I'm gonna tell these cats?
I'm keeping what I found to myself. Forget these people in here. Next time you find something good megazero, keep it to yourself! Don't tell these MMG'ers.
Their not worth it. I'm not trying to insult anybody but the truth is the truth. And I'm in no way shape or form claiming that the Trangroup is solid HOWEVER this topic has led me to tell megazero that if you find something solid, KEEP IT TO YOURSELF

I would like to invest some money into this bank. Where can I get some assurance that this is a legitimate company? May I contact the person who has invested in this bank?

The difference is that you are less apt to put everything you have (savings wise) in a hyip but with a savings account, that is the buried tin can of loot in your backyard. This is why I would never join this just as much as I don't want to be in my 0.15% APY savings account at my current bank.

Is trangroup a proper bank or just a hyip?

Hello,

I was interested in this just to see what kind of company is behind this. Well after calling them they have an answering machine that sounds like an average home phone. I talked to a woman upon my 4th attempt and she would not answer any questions, she just said someone would be in contact, (VERY bad attitude over the phone) I have emailed them and questioned walking into the bank no answer. I then emailed the banking department of Cyprus and here is what I was responded with.

Dear Sir,


I refer to your e-mail message dated 27 May, 2006, in relation to
the
above. In this regard, I should like to advise that the Central
Bank of
Cyprus, in its capacity as the country's banking licensing and
supervisory
authority, has never granted a banking business licence to
the
abovementioned entity, in order to conduct banking business in or
from
within Cyprus. In this regard, we kindly request you to provide us
with
any other additional details about the captioned entity (e.g.
officers,
address, telephone or facsimile number) which will enable us to
investigate
the matter further.

Thanking you for your cooperation.


Yours faithfully,



(S.G. Stavrinakis),
Manager,
Supervision of International Banks,
Regulation and Financial Stability Department

Sounds too fishy. I wouldn't trust it, not worth losing money over.

What are some high yield savings though? I mean, what's the highest yield you can get, while being insured, with no risk?

which is why we never spend more than 100$ in hyips..

but a bank with 5% interenst a month, you would be putting in possibly 20k or more.

if that is the case, assurance is a must.

HSBC, well known.


This company... never heard of. of course you need some government agency's guarrentee.

I'm confused, did some searching on them...

Found this at 504Bank "COMPANY BIO: Our mission is to create financial solutions for our customers through timely delivery of superior products and services. We will carry out our mission efficiently with a professional attitude and in an environment that is customer driven. We offer different investment plans that give you from 5 to 10% monthly. We also offer CD and Savings accounts. All funds are secured and insured. 7 years experience."


But they aren't insured by the FDIC, so who are they insured by?

Is this "bank" even real? So far it doesn't sound like it...

Yes but that's my point.
If you can risk $100 in an hyip, then why not risk $100 in a measly 5% a month so called savings account?
I'm sure you don't question those hyips. All you do is see if anybody else is getting paid in that hyip, then you jump in. So why question a measly 5% a month? AGAIN DON'T GET ME WRONG, I am in no way shape or form saying that the Trangroup are legit. I have never invested in them so I don't know but I do know I am willing to take a chance in a measly 5% a month as opposed to the 10 percenters for 13days that never paid me or the 130% in one day hyip's.

I'm just wondering if anyone has actually tried this. I'm thinking about just putting in like $200, and then check up on it every once in a while. I guess I would just feel safer knowing that people have put money in here and received interest and withdrawn their money.

anyone invested into this bank??

Want to know more!!Thanks!

Hi Nwww66,

I am with the tran group for aboiut 8 months. They are good. No problem so far.

Good luck!!!

Hi paradise,

I too have no problem with Trangroup so far. I am with them for 8 months.

Paradise, I am interested to know about Cyprus. I am planning to visit Cyprus and thetrangroup next summer. Appreciate if you give me any helping hints?

There is a very good asset management company recomended by banks in Zurich. With a min. of €100K you can earn a steady yield of 5% per month. Keep in mind that this is an asset management company based in Zurich, Switzerland this is not a bank.

Can you pm me with details on this company please..?

Thanks

Good to hear
So how much you invested with the Trangroup and how much return have you received so far?

this SAVINGS return is too good to be true...

4-5% x 12 = 48-60% a year!

I invested USD 170000 with them in real estate, energy fund etc. They have mutual funds also.

Exactly, as much as I want to believe in this I just don't think it is anything other than a well run illegitimate and dishonest business.

There is a thread about this on TalkGold.

By the way, I thought I'd add:

Almost a year ago I did some digging on the Tran Group. I don't want to post everything that I found here, but I will give an overview of what I remember (or think I remember):

1)Several people reported being happy with the services but they were anonymous posters on the internet.

2)One person at Talk Gold said his investment adviser in Canada had recommended it to him.

3)I found that some of the stuff on their website was copied from another website. When I looked at the other website, it was a sort of investment adviser in Canada.

4)Several people reported not getting help when they called the phone number. They only got rudeness or dodgy confusion.

5)As you can see here, some people contacted the Banking Department of Cyprus and they said they don't have any record to substantiate the legitimacy of Tran Group.

6)One person reported going to their listed address or going to a place where they had arranaged for a meeting with Tran Group officials and it turned out that Tran Group officials did not show up or there was nothing substantial at the address.

7)I found people in the United States that are CERTAINLY tied to the Tran Group in some sort of management. One of them lives only 1 state away from me. I even have an address and phone number for them for that state. I found it because they use it through their other business which happens to be related to air quality control as I recall.

I decided not to waste my time investigating any further. It's not substantial enough for most of or any of my business.

I do not trust trangroup.

The website claimes "Tran Group Investments Limited was established in the mid-1990s to provide discretionary investment management services for the assets for the Doral family and to provide retail investment services to clients of the deposit company."

If you look at the creation date of the domain you quickly see that the dates dont match their claim from the website.

if you look at their whois record you find:

Registrant:
Doral Group
75 Archbishop Makarios Ave
Nicosia, NI 1391
CY

Domain Name: THETRANGROUP.COM

Administrative Contact, Technical Contact, Zone Contact:
Doral Group
Tran Group
75 Archbishop Makarios Ave
Nicosia, NI 1391
CY
(786)513-3115
support@thetrangroup.com

Domain created on 19-Mar-2005
Domain expires on 18-Mar-2008
Last updated on 08-Apr-2006

Domain servers in listed order:

NS3.DIALSOFT.COM
NS4.DIALSOFT.COM

==================

As much as I want to trust them, i simply dont.
Anyhow, have a happy 2007

Don,

Come on how can you do whois and say that dates do not match? Do whois on UBS, CreditSuisse, Ameritrade. You will be disappointed, based on your test, they fail it. There are thousands companies that were created 10, 20 years ago, but no one will match the date when the domain created. Of course, if we are talking about a company who pretends to be on the market for 50 years, and they offer 300-500% monthly, then yes, you may check whois info , but in the very beginning those percentage isn't real for any part of our world. No one can make such returns. The possibility to make it - is high, but believe me, not even one person will offer you such opportunity. Why having such big returns offer public this investment. Do you think people who can trade and earn such money will ask for an additional money?

It's ridiculous! Secondly, datek.com bought this domain. They didn't register it. I mean the company was very new to this market and business, however domain wasn't belong to them from the start.

I just read all these topics, and I am shocked. All of you want to earn unbelievable returns without any risk. It's impossible, remember that. No risk - you can put your funds with HSBC and get your 5% annually. You can also invest in some swiss, austrian mutual funds which are very stable, and can deliver over 100% a year, however the risk is pretty high. If you are that smart, if 5% from HSBC is very low for you and 70% from some unknown mutual fund is to good to be true, then what the **** do you do here, in internet reading this forum? Go to real world and try to make even 10% a year! huh? Well, most of the people sitting here, don't even have imagination how to do it, besides buying and selling. So there are 3 options : You put your funds with well known companies and get your low returns which will be almost guaranteed, however no one will give you any assuarance, visit schwab.com and you will see these signs "No guarantees, may lose value", etc ,etc and they are talking about their own mutual funds which have been on the market for years. Who will guarantee returns, and say that all investments are insured? It's impossible and scammers bull****. Second option : You invest in some uknown companies in caribbean, europe, etc and get almost what you want, however the risk of course is higher then scwab funds, vanguards funds, and others. Third option - you do your own research, invest and probably lose

Finally, they hold all required licenses to offer such products. Just request them and then do your own research, make some investigation, verify registration numbers... You will be happy to know that all of them are valid, but again, it doesn't mean that government who issued these licenses will guarantee any returns or protect your funds. They just have license to provide these products to public. That is it!

I am sorry for my terrible english, as I am originally chinese. I've been using their private banking for almost 2 years without any problems. Well, yes there are sometimes issues with customer support, but I am pretty happy with them.

This is my first post and just my personal IMHO. I don't want to offend anyone or recommend any funds. Read, reseach, talk to people and be very careful with any offshore investments and you will be fine.

Regards
Ing

Man, I don't know details about this offer but I know a lot about APY rates. :-)

No, 60% a year is not too much. IMHO, it's NORMAL.

To my mind, APY 5.25% per year as it is offered in the USA is TOO LOW. And 5% per month is fair return.
As for me, I've easily earned 100-150% per month when I sold clothes on the flee market (beeing a teenager). :-) I've taken my first loan from the loan-shark, my neighbour. I've paid him 10% per month and he was very happy. Me also. :-))) It was 17 years ago.

Why not offer investors 5% per month (APY 60%) if you can easily earn, let's say, 20% per month (APY 240%)? :-)

I can't even load the site.

Danny...

Realy....
......................Of course, if we are talking about a company who pretends to be on the market for 50 years, and they offer 300-500% monthly, then yes, you may check whois info , but in the very beginning those percentage isn't real for any part of our world. No one can make such returns.....................