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
Alpinerstar.com
Alpinerstar.com, a newly established website, is involved in a deceptive retail scheme. The domain name, which is barely 66 days old, is a clear indication of its recent inception. Most signs point to the operations being rooted in China. The products displayed on this platform are counterfeit, and their inferior quality materials could potentially be […]
Investment scams
Megapremiumlivetrading.org
Megapremiumlivetrading.org runs an investment scam. We found this out when the site was just 8 days old. The site shows fake reviews from made-up customers. They have no social media presence. You can’t reach their customer service through the phone numbers listed. The company isn’t registered in the state it claims to operate in. The […]
Fake stores
Best-partsdepotsupply.com
A new website, Best-partsdepotsupply.com, is running a fake store scam. The scam was found when the site was just 29 days old. It copies content from other sites. The products shown are fake and might be unsafe because they use low-quality materials. There’s no customer service phone number listed. The site also has no social […]
Investment scams
Bitrevenue.live
Bitrevenue.live is orchestrating an investment scam, operated by an overseas entity or individuals. The website’s listed business address is fraudulent, and the phone numbers provided are non-functional. Investors are lured with promises of high returns, but once they invest, the scammers abscond with the funds. This deceitful activity was uncovered when the website was merely […]
Investment scams
Infinityxmarket.com
Infinityxmarket.com tricks people into investing money with false promises. The phone numbers listed on their site don’t work. When discovered, the site was just 48 days old. No business exists at the address they give. They also have no social media profiles. An investment scam tricks people into giving money with false promises of high […]
© 2022 Marketing Space LLC - All Rights Reserved