Varutrade.com
Analysis
Varutrade.com tricks people into investing money. The website has been around for just over four months. When you try to call the numbers listed, they don’t work. The address they give isn’t real, and they claim you’ll earn big returns if you invest with them. However, once you put your money in, they disappear without a trace. You won’t find them on any social media platforms either, which is a big red flag. Be careful and always research before investing your hard-earned cash.
Investment scams promise high returns but are fake. They often use false information to trick people into giving money, then disappear.
Red Flags
Fake address
Phone disconnected
Recently registered
Missing Information
No social media
Scam Explainer
Investment scams lure individuals with promises of high returns and low risk. Scammers often present these opportunities as exclusive or time-sensitive, pressuring potential victims to act quickly. They may claim to have insider information or advanced strategies that guarantee profits.
Scammers use persuasive tactics, such as creating fake testimonials or professional-looking websites, to build credibility. They might impersonate reputable financial institutions or use official-sounding jargon to appear legitimate.
Victims are frequently asked to invest in non-existent stocks, cryptocurrencies, or real estate projects. Once they hand over their money, the scammers disappear, leaving the investors with significant losses.
These scams prey on people's desire for financial security and quick wealth. They exploit emotions and trust, making it challenging for victims to recognize the deception.
Latest investigations
Investment scams
Skyviptrades.com
Skyviptrades.com is operating a fraudulent investment scheme. The site promises substantial returns on your investment, but once you deposit funds, the fraudsters abscond with your money. The website is riddled with incomplete pages, default content, and placeholder text. The company lacks any presence on social media platforms. Major consumer review platforms do not feature any […]
Investment scams
Mentrotradepo.com
People have reported Mentrotradepo.com as an investment scam. They found out about it when the website was just 11 days old. There’s no customer service phone number. The site promises huge returns on your investment, but once you put your money in, the scammers disappear with it. You won’t find any social media profiles for […]
Fake stores
Websites
Highwaistjeansstore.com
On February 12, 2023, a user on ScamGuard reported Highwaistjeansstore.com as a fraudulent online store. The domain name was registered on February 4, 2023, making it only 8 days old at the time of the complaint. The website’s ownership is concealed through the use of a third-party privacy service. Additionally, all website data is hosted […]
Investment scams
Betrust.live
Betrust.live has been flagged as a scam. The site promises huge returns on initial investments, but once you put your money in, the scammers disappear. An overseas group or individuals run the site. The scam came to light when the site was just 80 days old. The address listed on the site doesn’t exist. No […]
Investment scams
Erudite.ltd
Erudite.ltd tricks people into investing by promising huge returns. Once you invest, the scammers disappear with your money. The website is only 113 days old. A foreign company or individuals run the site, and the business location listed is fake. There’s no customer service phone number available on the site, making it hard to reach […]
© 2022 Marketing Space LLC - All Rights Reserved