Coinsmi.com

Coinsmi.com has been flagged as a fraudulent investment platform. At the moment it was identified, the site was a mere 91 days in existence. Notably, the site lacks a customer support phone number, a red flag for potential investors. Another cause for concern is the authenticity of the images showcased on the site, which appear to be far from genuine. Furthermore, the site is littered with pages that are still under construction, filled with generic text and placeholder wordings.

An investment scam is a scheme that promises high returns with little to no risk to the investor. It typically involves the use of deceptive and manipulative tactics to convince potential investors to make financial commitments. The scammer then uses the funds for personal gain, leaving the investor with significant losses.