Wealthextension.com
Analysis
Reports indicate Wealthextension.com is a fraudulent investment platform. They make promises of substantial returns on investment, however, once you’ve invested, the fraudsters disappear, leaving you with a significant loss. Moreover, much of the website is still unfinished, filled with placeholder text and default content. Strikingly, the company has no presence on social media platforms, which is another red flag. This fraudulent scheme was exposed when the website was just over a month old.
An investment scam is a deceptive practice where fraudsters lure investors with the promise of high returns on investment. They entice individuals to put their money into non-existent or poor-performing investments, and once the funds are transferred, the scammers disappear without a trace.
Red Flags
Copycat content
Counterfeit
Default content
Fake business name
Fake images
Fake partnerships
Fake promises
Misleading
Recently registered
Unfinished website
Missing Information
No reviews
No social media
Scam Explainer
An investment scam is a deceptive practice. It's designed to trick individuals into investing their money into false or unprofitable opportunities. The scammer may promise high returns or lucrative outcomes to lure potential investors.
Common types of investment scams include Ponzi schemes, pyramid schemes, and pump-and-dump scams. In Ponzi and pyramid schemes, earlier investors are paid with the funds of newer investors. This false profit fools new participants into believing the scheme is profitable.
Pump-and-dump scams involve artificially inflating the price of a stock. The scammer then sells the stock at the high price. After that, the price crashes and the other investors lose their money.
Always be cautious when investing. If an investment opportunity sounds too good to be true, it probably is. It's important to research and understand any investment opportunity before committing your hard-earned money.
Latest investigations
Investment scams
Alfatradefx.com
Alfatradefx.com runs a scam that tricks people into investing money. They promise big returns, but once you invest, they vanish with your cash. An overseas group controls the site. No reviews about the company appear on popular consumer review platforms. The address they list on their website isn’t real. Be cautious and do thorough research […]
Investment scams
Metrocpasfx.com
Metrocpasfx.com is an investment scam that was identified just 19 days after its website launch. The company’s listed address is fake, and there are no reviews on popular consumer review sites. Promising significant returns, the scammers lure investors, take their money, and then vanish. Additionally, the company has no presence on social media platforms, further […]
Crypto scams
Swealthpartners.org
Reports indicate that Swealthpartners.org operates as a fraudulent cryptocurrency exchange. After only 29 days of website activity, the scam was unmasked. Grand profits are dangled before potential investors, but once money changes hands, the fraudsters disappear. The site lacks a customer service telephone number. Fabricated reviews from imaginary people adorn the website. The company’s supposed […]
Investment scams
Elitetrade.live
Elitetrade.live has been flagged as a potential investment scam. Despite being a relatively new website, only 146 days old at the time of detection, it has raised several red flags. The site lacks a customer service phone number, and the address listed for the business premises cannot be confirmed as legitimate. Furthermore, the company has […]
Investment scams
Zenith-fx.com
Zenith-fx.com tricks people into investing by promising high returns. Once you invest, they disappear with your money. The address listed on their site doesn’t exist. Their social media accounts have no followers, and you won’t find any reviews about them on major consumer review sites. The website was just registered recently, and the domain is […]
© 2022 Marketing Space LLC - All Rights Reserved