Master-binary.com
Analysis
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.
Red Flags
Recently registered
Missing Information
No phone numbers
No reviews
No social media
Scam Explainer
An investment scam often involves a fraudulent scheme. Scammers promise high returns with little to no risk. They may use persuasive tactics. These include high-pressure sales techniques and false claims of exclusive opportunities.
Typically, they will not be registered with regulatory authorities. This makes it hard for investors to verify their legitimacy. Also, they may use complex jargon to confuse potential victims.
They may ask for money upfront. This is a common sign of an investment scam. They often use professional-looking websites and documents to appear legitimate.
Scammers may also use "pump and dump" tactics. They artificially inflate the price of a stock they own. Then they sell it off when the price is high, leaving investors with worthless shares.
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