Powell-investments.com has been flagged as a crypto scam. The website, only 140 days old when discovered, displayed non-working phone numbers. The business address listed on the site turned out to be non-existent. The company lacked a presence on social media and had no reviews on major consumer platforms. They promised high returns on investments, but instead, the fraudsters took the money and disappeared.
A crypto scam involves fraudulent schemes that use cryptocurrencies. Scammers often lure victims with promises of high returns on investments. Once the victim invests, the scammers take the money and disappear, leaving the victim with significant losses.