Savingsandinvestmentbrokers.com

Crypto scams

https://savingsandinvestmentbrokers.com

Analysis

Consumers have reported Savingsandinvestmentbrokers.com for operating a fraudulent cryptocurrency exchange. The website promises significant growth on investments, but once the investment is made, the alleged scammers vanish with the money. The website, which was 81 days old at the time of the report, claims to operate under a business name that is not registered in the state it purports to be based in. A foreign entity owns and operates the website. The address listed as the business location on the website is fictitious.

A crypto exchange scam involves a fraudulent website or platform that promises substantial returns on cryptocurrency investments. These scams often lure in investors with the promise of high returns, only to disappear with the investors’ money once the investment is made. The scammers typically operate under unregistered business names and use fake addresses to further deceive their victims.

Red Flags

Fake address

Fake business name

Foreign company

Recently registered

Scam Explainer

Crypto exchange scams revolve around the promise of profitable investments in cryptocurrencies. Scammers often advertise high returns with little or no risk. They may even suggest their scheme is a unique way to make money. These scams often mimic the look and functionality of legitimate exchanges. They can be sophisticated, featuring professional-looking websites and convincing marketing materials. Scammers often use social media, direct messaging, or cold calls to reach potential victims. They may claim that their offer is time-limited to pressure people into investing quickly. In most cases, once you deposit your money or cryptocurrency, it will disappear. The scam exchange vanishes, and your chance of recovering your investment is slim. Remember, if it seems too good to be true it probably is.