Eliteassetslimited.com, a foreign-owned site, is flagged as an investment scam. It tempts investors with promises of substantial returns, only to have scammers abscond with the funds. The business address listed is fraudulent, and the site, just 79 days old at the time of reporting, lacks a customer service phone number.
Investment scams deceive individuals by promising high returns with little risk, often leading to financial loss as the scammers disappear with the invested money.