Ortizgroup.biz

Crypto scams

https://ortizgroup.biz

Analysis

Ortizgroup.biz has been flagged as a fraudulent cryptocurrency operation. Despite being a relatively new website, only 97 days old at the time of detection, it has already raised suspicions. A notable red flag is the absence of a customer service phone number on their site. They promise substantial returns on investments, but once you invest, the money disappears along with the scammers. The website contains numerous incomplete pages, filled with default content and placeholder text, indicating a lack of professionalism. Furthermore, the business location information provided on the website is false, adding to the growing list of concerns.

A crypto scam involves fraudulent schemes that trick individuals into investing in cryptocurrencies with the promise of high returns. However, once the investment is made, the scammers disappear, leaving the investor with significant losses.

Video explanation

Red Flags

Fake address

Recently registered

Unfinished website

Missing Information

No business name

No phone numbers

No reviews

Scam Explainer

Crypto scams are a type of fraud that revolves around cryptocurrencies. Scammers often promise high returns on investments in digital currencies. They create fake platforms and websites to trick people into investing. The scam typically involves promising unrealistic returns on crypto investments. Scammers may also use social engineering techniques to convince victims. They can impersonate legitimate companies or celebrities to gain trust. A common tactic used by these fraudsters is the "pump and dump" scheme. Here, they inflate the value of a lesser-known cryptocurrency. After attracting investors, they sell their shares, causing the value to plummet. Another strategy is the "initial coin offering" (ICO) scam. The scammer claims to be launching a new cryptocurrency and asks for investments. Once they collect enough money, they disappear without delivering the promised coins. Always remember, if it sounds too good to be true, it probably is a scam.