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10 months ago
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Growbellfintech.com

Investment scams
https://growbellfintech.com

A new website, Growbellfintech.com, runs an investment scam. Overseas individuals or a company own and manage it. They promise high returns on investments, but after you invest, they vanish with your money. When discovered, the site was just 49 days old. The customer service numbers don’t work. It has no social media followers.

Investment scams trick people into giving money with false promises of high returns, then disappear with the funds.

Red Flags

Foreign company
Phone disconnected
Recently registered

Missing Information

No social media
Investment scams often promise high returns with little to no risk. Scammers lure individuals by guaranteeing quick profits and exclusive opportunities. They often present themselves as experienced professionals with insider knowledge. These scams can appear in various forms, such as Ponzi schemes or fake investment platforms. Scammers use persuasive tactics to gain trust. They may create fake testimonials or use high-pressure sales tactics to rush decisions. Often, they exploit social proof by showing that others have supposedly invested successfully. They might also use complex jargon to appear legitimate. Victims are sometimes asked to invest more money to see returns or to unlock higher earning potential. Communication may become less frequent once money is transferred, and eventually, it stops altogether. The initial investment is rarely, if ever, returned.

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