Consumers have flagged Cash-benefit.online for orchestrating an investment fraud. Only 29 days into its launch, the fraudulent activity came to light. The website creates an illusion of high returns on investment, but once the investment is made, the fraudsters disappear with the cash. Sadly, there is no customer service phone number on the site. Despite claiming to operate within a particular state, there is no registration to back it. Several incomplete pages, filled with generic content and placeholder text, litter the site. A foreign entity holds ownership and control of the website. The company also lacks a solid presence on social media.
An investment scam involves a deceptive practice where fraudsters trick individuals into parting with their money, promising high returns. Once the unsuspecting individuals invest their money, the con artists make off with the invested funds, leaving the victims at a loss.