Novarates.com has come under scrutiny for allegedly being an investment scam. The website, which is only 120 days old, lacks a customer service phone number. Furthermore, the business address provided online is fictitious. The company has no presence on social media and there are no reviews about them beyond their own web pages. Although the website promises significant returns on initial investments, it’s been revealed that it’s just a facade for fraudsters who vanish after receiving the deposited money.
An investment scam is a fraudulent scheme where con artists trick people into investing money with promises of high returns. The scammers then disappear with the invested funds, leaving the investors with significant losses.