Skytrader.top, a relatively new website at 129 days old, has received consumer complaints for operating an investment scam. It appears the contact numbers provided on the site are currently inoperative. The business address listed on the site is also misleading. Many of the site’s web pages are still under construction, populated with default content and placeholder text. Furthermore, the website does not have any social media footprint. Promises of substantial returns are made to lure investors, but once the investment is made, the fraudsters disappear with the money.
An investment scam is a fraudulent scheme where individuals are enticed to part with their money with the promise of high returns. However, once the money is invested, the fraudsters abscond with the funds, leaving the investors with significant losses.