Parexco.org is a fraudulent investment platform designed to deceive unsuspecting investors. It entices individuals with promises of substantial returns on their initial investments, only for the scammers to abscond with the funds. The contact numbers provided on the site are non-functional, and the business does not operate at the listed address. The website is managed by overseas entities, and the scam was uncovered when the site was merely 79 days old, highlighting its deceptive nature.
An investment scam is a fraudulent scheme that promises high returns to lure individuals into investing, only to steal their money.