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6 months ago
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Gocoininvest.com

Investment scams
https://gocoininvest.com

Gocoininvest.com, a relatively new website, is involved in a fraudulent investment scheme. The website, only 81 days old when the scam was discovered, does not provide a customer service phone number. They promise high returns on your investment, but once you send your money, it’s stolen by the fraudsters who then vanish. The company lacks a significant presence on social media platforms. Interestingly, the website operates under a business name that isn’t registered with the secretary of state.

An investment scam is a fraudulent scheme where individuals are enticed to part with their money with the promise of high returns. These scams often involve unregistered businesses and lack of customer service. The fraudsters usually disappear after receiving the money, leaving the investors with significant losses.

Red Flags

Fake business name
Recently registered

Missing Information

No phone numbers
No reviews
No social media
Investment scams trick people into handing over their money with promise of high returns. These scams often appear as business proposals, currency trading, or opportunities in new technology. Scammers use persuasive tactics. They can appear legitimate by using professional brochures and websites. They may claim that their offer is risk-free. They often use high-pressure sales tactics, insisting that you must invest now or miss out. They typically promise high returns for low risks. They may say that their opportunity is only available to a select few. This exclusivity can make the offer seem more enticing. But remember, if it sounds too good to be true, it probably is. In reality, the money paid by investors is not being invested. Instead, it's used to pay the scammer or to pay returns to earlier investors. This unsustainable model is a hallmark of a scam known as a Ponzi Scheme

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