Smarttradeway.com
Analysis
Smarttradeway.com, a new website just 145 days old, is under suspicion for operating an investment scam. The site lacks a customer service phone number, raising red flags. Furthermore, the business is not legally registered in the state it claims to operate from. Its presence on social media is virtually non-existent, and there are no reviews on any major platforms. The site promises substantial percentage increases on initial investments, but once the money is deposited, it disappears, and so do the scammers.
An investment scam is a fraudulent scheme where individuals are tricked into giving money with the promise of significant returns. These scams often involve manipulative tactics, false information, and the disappearance of the scammer once the money is received.
Red Flags
Fake business name
Recently registered
Missing Information
No phone numbers
No reviews
No social media
Scam Explainer
An investment scam is a fraudulent practice. It involves tricking individuals into parting with their money. Promises of high returns and low risk are common. Scammers often use persuasive tactics, promising quick and easy profits.
Some scammers create fake companies. They may use professional-looking websites and documents. This is to make their operations appear legitimate. The aim is to convince potential investors that their money will be safe and grow.
Often, these scams involve 'pump and dump' schemes. Here, fraudsters inflate the price of a low-value stock they own. They convince others to invest, causing the price to rise further. Once the price is high enough, they sell their shares and disappear. The stock price then crashes, leaving other investors with significant losses.
Latest investigations
Investment scams
Newmontspltd.com
Newmontspltd.com stands accused of operating an investment scam. This website, only 33 days old at the time of reporting, lacks a customer service contact number. Moreover, the business address listed cannot be confirmed. Despite claiming to operate within a specific state, the company lacks official registration. Numerous unfinished pages on the website still contain default […]
Investment scams
Extradecryptoforex.pro
Extradecryptoforex.pro tricks people into fake investments. A foreign group runs the site. They promise huge returns on your first deposit. After you send money, they disappear with it. The phone numbers they provide don’t work. They list a fake address for their company. You won’t find them on any social media. An investment scam tricks […]
Fake stores
Discounthomecareandmobilityproducts.shop
Consumers have raised concerns about Discounthomecareandmobilityproducts.shop, accusing it of operating a counterfeit store scam. The products displayed on this platform are deceptive and could potentially be hazardous due to the inferior quality materials used in their production. A customer service phone number is noticeably absent from the site. Indications point towards the site being managed […]
Fake stores
Bathconvenience.com
Bathconvenience.com, though a relatively new website, has been flagged for conducting a fraudulent online shop scheme. Barely two months old at the time of discovery, the website conspicuously lacks a customer service phone number. A close examination of the site’s content reveals that it lacks originality, with most of its images simply being stock photos […]
Investment scams
Horbitscryptosinc.com
Consumers have reported Horbitscryptosinc.com for perpetrating an investment scam. The website promises massive profits but, according to reports, the fraudsters disappear with the investors’ money. Surprisingly, no reviews are available on the major review platforms for this company. Also, it is unusually absent from all social media platforms. On the website, default content and placeholder […]
© 2022 Marketing Space LLC - All Rights Reserved