Consumers have flagged Master-binary.com as a fraudulent investment scheme. The website, recently established, is just 142 days old as per the report. It lacks a customer service phone number and any social media presence. The company lures people with the promise of substantial profits. However, once you invest, the fraudsters disappear with your money.
An investment scam is a scheme where fraudsters trick individuals into parting with their money, promising high returns. These scams often involve investments in shares, property, or commodities, but the money is instead pocketed by the scammers.