247profitinvestments.com is implicated in a cryptocurrency scam. The profit guarantee plans advertised on the website are fictitious. The site’s content is plagiarized from numerous other fraudulent websites. It purports to represent a fictitious company. Legitimate reviews of this project are nonexistent and unverifiable. Customer support is uncontactable due to the absence of phone numbers. The domain name was registered a mere 27 days ago. Many pages on the website are incomplete, featuring default text and placeholders. Evidence suggests that the website’s operations are based overseas. No business address is available on the website, which is unusual for a credible entity. Investigations have also failed to uncover any social media presence for the project. What is a crypto investment scam?

❌ Fake Profit Guarantee
❌ Fake Business Name
❌ No Phone Numbers
❌ Unfinished Website
❌ No Address Found
❌ Copycat Content
❌ No Reviews
❌ Recently Registered
❌ Foreign Company
❌ No Social Media

Date of registration: December 25, 2023
Expiration: December 25, 2024
First detected: January 21, 2024
Registrar: NameSilo, LLC www.namesilo.com/
Hosted by: Netlightsystems.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams lure individuals with the promise of exorbitant and often implausible returns, sometimes assuring consistent daily or weekly earnings that can range from an enticing 5% to an astonishing 100%. These fraudulent schemes claim to employ a variety of sophisticated investment tactics, including trading, mining, or exploiting price differences in different markets (arbitrage), to produce such remarkable gains. However, their true intent is not to engage in legitimate financial activities but to swindle and cheat naive investors out of their money.

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To appear legitimate, these scam operations often parade fabricated testimonials and concocted success stories, weaving a web of false credibility. They might also entice participants with referral incentives, offering extra rewards for recruiting additional investors into the scheme. In contrast, genuine investment platforms cannot offer guaranteed high returns, especially in the unpredictable and fluctuating landscape of the cryptocurrency market, where values can swing wildly in short periods.

Report Scams to Government Agencies:
Federal Trade Commission (FTC) – Submit a Report
Federal Bureau of Investigations (FBI) – Submit a Report
U.S. Postal Inspection Service (USPIS) –Submit a Report

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