Explicitcrypt.com
Analysis
People have reported Explicitcrypt.com for operating a fraudulent investment scheme. The site promises attractive returns on your investments, but once you invest, the fraudsters abscond with your money. The business address provided on the website doesn’t exist in reality. When the scam was discovered, the website had only been active for 98 days. The site doesn’t provide a customer service phone number. Furthermore, the company doesn’t have any presence on social media platforms.
An investment scam is a scheme where fraudsters trick people into investing money with the promise of high returns. However, once the money is invested, the scammers disappear, leaving the investors with significant losses.
Red Flags
Fake address
Fake images
Fake promises
Recently registered
Missing Information
No phone numbers
No reviews
No social media
Scam Explainer
An investment scam is a deceptive practice. It seeks to trick individuals into placing money in fake or non-existent investment ventures. This type of fraud often comes with enticing promises. High returns and minimal risk are the common hooks used by scammers.
They employ various tactics to appear legitimate. Fancy websites, persuasive sales pitches, and fake testimonials are part of the illusion. They may also use high-pressure sales tactics. Urgency is a common tool; they want you to invest right away, without taking time to consider.
These scams can also come in the form of pyramid schemes or Ponzi schemes. These swindles require new investors to pay off the earlier ones. Eventually, the scheme collapses when there are no more new investors. This leads to substantial financial loss for those who bought in later.
Latest investigations
Fake stores
Nomadsus.shop
Nomadsus.shop is currently operating a deceitful online shop. At the point of writing this, the said website is just a month old. Interestingly, there is no customer service contact number displayed on the site. The products they parade on their site are dubious, possibly posing harm due to substandard materials utilized in their making. It’s […]
Fake stores
Furniture4less.shop
Furniture4less.shop, a website that’s been around for just 93 days, has been identified as a fraudulent online store. The lack of a customer service phone number on the site is a clear red flag. The products offered on the site are not genuine, and their poor quality materials could potentially be harmful. The site is […]
Investment scams
Tradexperts.net
Tradexperts.net has been identified as running a fraudulent investment scheme. The website, just 50 days old at the time of discovery, lacks any customer service phone number. Moreover, there is no presence of the company on social media, and reviews about their services are conspicuously absent. An investment scam is a deceptive scheme where fraudsters […]
Crypto scams
Bvastzone.com
Bvastzone.com, a website that surfaced just 120 days ago, has been flagged as a fraudulent crypto platform. A lack of customer service contact and an unverifiable business address on the site raised suspicions. Moreover, the business doesn’t seem to be registered in the state it purports to operate from. The company’s absence on social media […]
Investment scams
Carolineminingplatform.com
CarolineMiningPlatform.com tricks people into fake investments. The site promises big profits from initial deposits, but it’s just a scam. They take your money and vanish. There’s no presence on social media to back up their claims. You can’t find any reviews about them either. The phone numbers they list don’t work. Even the business address […]
© 2022 Marketing Space LLC - All Rights Reserved