Greenplanners.org

Investment scams

https://greenplanners.org

Analysis

Consumers have flagged Greenplanners.org for operating an investment fraud scheme. The website, which is relatively new, was only registered 75 days ago at the time of this report. The operators of this site lure potential investors with the promise of huge returns. However, once you invest, they abscond with your money. The company lacks a significant presence on social media platforms. Moreover, the business name is not officially registered in the state it purports to be located. The website also lacks any customer service contact number.

An investment scam involves a fraudulent scheme where individuals are enticed to part with their money with the promise of high returns. The scammers then disappear with the invested funds, leaving the investor at a loss.

Video explanation

Red Flags

Fake business name

Recently registered

Missing Information

No phone numbers

No social media

Scam Explainer

Investment scams take many forms. Frequently, they entice victims with promises of high returns and low risks. Scammers often claim their ventures are "exclusive" or "secret", creating a sense of urgency and exclusivity. Common tactics include 'pump and dump' schemes. Here, fraudsters inflate a stock's price by spreading false and misleading positive news. Once the price is pumped up, they dump their shares at this peak and the price plummets. Another form is the Ponzi scheme. This involves paying returns to initial investors using funds contributed by new investors. The whole setup collapses when there aren't enough new investors to cover the returns. Scammers often show impressive credentials and professional-looking websites. Their aim, to appear legitimate to potential victims. They may also use high-pressure sales tactics, pushing people to make quick investment decisions. One must remember, if an investment sounds too good to be true, it probably is.