The website, Ciphercrestcapital.com, is involved in an unscrupulous investment scheme. Despite its relatively young age of 81 days at the time of discovery, it has been found to be fraudulent. Promising lucrative returns on investments, the site traps unsuspecting individuals into sending money. However, instead of investing the funds, the fraudsters behind the scheme abscond with the money. The contact numbers provided on the website are non-functional, adding to the suspicion. Moreover, the company claims to operate in a certain state, but there is no official registration to support this claim. Additionally, the testimonials on the site are fabricated and do not belong to genuine people.
An investment scam is a fraudulent scheme where individuals are enticed to part with their money with the promise of high returns. However, instead of investing the funds, the fraudsters pocket the money and vanish, leaving the investors with significant losses.