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
Jacket99.com
Jacket99.com, a website just over two months old, has attracted negative attention from shoppers who claim it’s a counterfeit store scam. The site does not provide a customer service number, making it difficult for customers to reach out with issues or questions. Furthermore, the product images displayed do not accurately depict the items for sale, […]
Investment scams
Fastblacktrading.live
Fastblacktrading.live tricks people into thinking they can earn big returns on investments. After you invest, the scammers disappear with your money. The phone numbers listed on the site don’t work. Their address doesn’t match any real business location. This scam came to light when the site was just 48 days old. They don’t have any […]
Fake stores
Oakforless.shop
Oakforless.shop has been flagged as a fraudulent online store. The products advertised on this site are not only false, but they could also pose a risk due to the poor quality materials used in their manufacturing. It’s been found that the site has plagiarized content from other websites, which raises more red flags. Interestingly, the […]
Investment scams
Securedstockmarket.com
Securedstockmarket.com has come under scrutiny for its dubious investment practices. The company promises significant growth on investments, but after individuals invest their hard-earned money, the company’s operators vanish with the funds. Notably, an online search for reviews of the company comes up empty, raising more red flags. Interestingly, the company does not maintain any social […]
Investment scams
Bitwidefx.com
Bitwidefx.com runs an investment scam. The website is 162 days old. The phone numbers listed don’t work. They claim to operate under a business name that’s not registered. The site uses stock images for its products and the reviews are fake. The address they provide doesn’t exist. There’s no social media presence. They promise big […]
© 2022 Marketing Space LLC - All Rights Reserved