Consumers have flagged Handsfreetradings.com as a dubious investment platform. The website, only 121 days old at the time of the report, lacks a customer service contact number. It also lists a phony business address. The company name it purports to operate under isn’t registered in the state it claims to be based in. Furthermore, the company has no significant presence on social media. They entice potential investors with promises of rapid financial growth. However, once the investment is made, the fraudsters abscond with the funds.
An investment scam involves a fraudulent scheme where individuals are enticed to part with their money, with the promise of high returns. However, the fraudsters behind the scheme simply disappear with the invested money, leaving the investors with significant losses.