Our quest to earn money online we fall prey to online scammers. It is also crucial for us to learn how to protect our money so we don't get cheated or defrauded of our hard earned money.
With the global economic recession biting hard on many nations of the world, there is no doubt that many unscrupulous fellows have resorted to devising ways of luring people into their fraudulent schemes, all in the name of online investment. So my goal here is to show you how to determine if an investment firm would turn scam or not. Are you ready for this?
HOW TO KNOW SCAM INVESTMENT FIRMS ONLINE
Here are some tested and trusted ways I identify companies that are potential scams.
==>They often come as forex trading or BitCoin mining firms:
Most potential scams or ponzi schemes would normally deceive their targets into believing that they are either into forex trading or BitCoin mining. The reason they capitalize on these two areas is that; these are known to be big and viable businesses.
The forex market is serious business, so also is BitCoin mining. I know these businesses are profitable BUT they are not without risk, it's a win and lose game not minding how professional you may be. However, these scam firms would want to make you believe that they don't lose, so your profit must come no matter what happens. This is a big lie.
==> They try so hard to prove their "honesty" with words :
The most recent scam that did this so much was Coince. If you visited their website you would be quick to notice how they used enticing words. They also painted their site with Norton Antivirus logo as if Norton Antivirus ensures financial security too. Other trickery was issuing a share certificate and having a section that displays fake withdrawals. Reputable companies don't take all these to the extreme.
==> They offer huge profits on investments :
Be informed that any business that offers up to 50% on investments as profits is generally termed as a high yield investment programme (HYIP). And ALL HYIP companies are potential scams.
==> They use unified or indigenous payment platforms:
Any investment company that dares to accept PayPal or credit card as a method of payment is real. Most scam investment firms would rather accept payment via PerfectMoney, Payer, BitCoin, etc. This is because these payment platforms do not necessarily require a one on one verification. Firms like PayPal and Mastercard would seek one on one verification before allowing their platform to be used to accept payments from the public.
Most of the true persons behind a scam investment would do all that is necessary to stay anonymous so they will not use PayPal or credit card. What most of them do is to promise that they are working on integrating PayPal and Mastercard soon. This would never happen until they shut down.
==>They hardly reply mails or social media comments :
This may not always be the case but most scam investments have a very poor customer service. They often give the excuse of having a lot of mails to reply. While that sounds like real, a truly big firm would have a lot of staff on the customer service desk. So don't be fooled. They do deliberately avoid some sensitive questions and social media comments.
MY FINAL WORDS
I am not in anyway trying to suggest that you shouldn't consider investing in any firm that fails any of these criteria but when doing so, be aware that you are dealing with potential scammers who would shut down someday. Therefore, you are advised to invest only what you can afford to lose.
Many people have made a lot of money from ponzi schemes but those who come in late are made to suffer.
Credit to
Hon. Felix Silas.
With the global economic recession biting hard on many nations of the world, there is no doubt that many unscrupulous fellows have resorted to devising ways of luring people into their fraudulent schemes, all in the name of online investment. So my goal here is to show you how to determine if an investment firm would turn scam or not. Are you ready for this?
HOW TO KNOW SCAM INVESTMENT FIRMS ONLINE
Here are some tested and trusted ways I identify companies that are potential scams.
==>They often come as forex trading or BitCoin mining firms:
Most potential scams or ponzi schemes would normally deceive their targets into believing that they are either into forex trading or BitCoin mining. The reason they capitalize on these two areas is that; these are known to be big and viable businesses.
The forex market is serious business, so also is BitCoin mining. I know these businesses are profitable BUT they are not without risk, it's a win and lose game not minding how professional you may be. However, these scam firms would want to make you believe that they don't lose, so your profit must come no matter what happens. This is a big lie.
==> They try so hard to prove their "honesty" with words :
The most recent scam that did this so much was Coince. If you visited their website you would be quick to notice how they used enticing words. They also painted their site with Norton Antivirus logo as if Norton Antivirus ensures financial security too. Other trickery was issuing a share certificate and having a section that displays fake withdrawals. Reputable companies don't take all these to the extreme.
==> They offer huge profits on investments :
Be informed that any business that offers up to 50% on investments as profits is generally termed as a high yield investment programme (HYIP). And ALL HYIP companies are potential scams.
==> They use unified or indigenous payment platforms:
Any investment company that dares to accept PayPal or credit card as a method of payment is real. Most scam investment firms would rather accept payment via PerfectMoney, Payer, BitCoin, etc. This is because these payment platforms do not necessarily require a one on one verification. Firms like PayPal and Mastercard would seek one on one verification before allowing their platform to be used to accept payments from the public.
Most of the true persons behind a scam investment would do all that is necessary to stay anonymous so they will not use PayPal or credit card. What most of them do is to promise that they are working on integrating PayPal and Mastercard soon. This would never happen until they shut down.
==>They hardly reply mails or social media comments :
This may not always be the case but most scam investments have a very poor customer service. They often give the excuse of having a lot of mails to reply. While that sounds like real, a truly big firm would have a lot of staff on the customer service desk. So don't be fooled. They do deliberately avoid some sensitive questions and social media comments.
MY FINAL WORDS
I am not in anyway trying to suggest that you shouldn't consider investing in any firm that fails any of these criteria but when doing so, be aware that you are dealing with potential scammers who would shut down someday. Therefore, you are advised to invest only what you can afford to lose.
Many people have made a lot of money from ponzi schemes but those who come in late are made to suffer.
Credit to
Hon. Felix Silas.
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