Growth-trades.live

Investment scams

https://growth-trades.live

Analysis

The website Growth-trades.live has been flagged as a fraudulent investment platform. Investors are lured in with the promise of high returns, only to find the site operators have disappeared with their funds once they’ve invested. At the time this information was made public, the site had been active for a mere 90 days. A glaring red flag is the absence of a customer service contact number on the website. Additionally, the supposed location details of the business provided on the site turn out to be false. The site is rife with incomplete pages that are filled with generic content and placeholder text. It also falsely claims partnerships on its site. Furthermore, the graphics on the site fail to accurately represent the product being sold.

An investment scam typically involves a fraudster who promises high returns to investors. However, once the investment is made, the scammer takes off with the money, leaving the investor with a significant loss. This usually involves fake businesses and false advertising to create the illusion of a legitimate operation.

Red Flags

Fake address

Fake images

Fake partnerships

Recently registered

Unfinished website

Missing Information

No phone numbers

No reviews

No social media

Scam Explainer

An investment scam, otherwise known as a Ponzi scheme, is a fraudulent tactic engineered to trick investors. The scam usually begins with an offer promising high returns with little to no risk. The schemer may present a unique "business opportunity" that seems too good to turn down. A key characteristic of this scam is the promise of consistent profits. Scammers often use sophisticated jargon and impressive titles to appear credible and trustworthy. These scams are usually shrouded in secrecy, with scammers insisting that the 'exclusive' nature of the deal is what makes it profitable. Investment scams typically rely on incoming funds from new investors to pay 'returns' to earlier investors. This is, essentially creating a cycle where more & more victims are drawn into the scheme. Once new investments slow down or stop, the scam falls apart, with most investors losing their money.