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2 years ago

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Growthpointsllc.com

Investment scams

https://growthpointsllc.com

Analysis

Growthpointsllc.com, a website that’s been active for only 145 days, is orchestrating an investment scheme. The site lacks a customer service phone number, and the business address provided online is fictitious. Despite claiming to operate under a registered business name in a specific state, no such registration exists. The company’s presence is also absent from social media platforms, and major consumer review platforms have no reviews for this company. They promise high returns on your investment, but once you invest, the fraudsters take the money and disappear.

An investment scam involves a fraudulent scheme where individuals are tricked into investing money with promises of high returns. However, the scammers take the money and disappear, leaving the investor with a significant loss.

Red Flags

Fake address

Fake business name

Recently registered

Missing Information

No phone numbers

No reviews

No social media

Scam Explainer

An investment scam is a deceptive practice. It targets investors seeking high returns on their investments. Scammers typically promise quick profits and low risks. They use persuasive tactics to lure people into their schemes. Many times, these scams involve unregistered securities. They may also involve complex strategies that are difficult to understand. Often, the scammer will pressure the victim to act quickly. This is to prevent them from researching or thinking too much about the investment. Scammers may also use fake testimonials or claim to have insider information. These tactics help to make the investment seem legitimate. They may even pay early investors with funds from new investors, creating the illusion of a successful investment.

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