Autoforexexchange.com is running a crypto scam, operating under a fictitious company name. A business address is conspicuously absent from the website’s pages, which deviates from the norm for legitimate operations. The domain name’s recent registration, only 29 days old at the time of this report, raises suspicion. Content on the website has been plagiarized from other similar scams, and numerous pages are incomplete, filled with placeholder text. The absence of customer support phone numbers further undermines the site’s credibility. Ownership traces back to a company or individuals based overseas. No legitimate reviews about this project have been found or verified. The profit guarantee plans advertised on the website are fictitious, and no associated social media accounts for the project have been located. What is a crypto investment scam?
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|❌ Fake Business Name
❌ Recently Registered
❌ Unfinished Website
❌ Foreign Company
❌ Fake Profit Guarantee
|❌ No Address Found
❌ Copycat Content
❌ No Phone Numbers
❌ No Reviews
❌ No Social Media
Date of registration: December 31, 2023
Expiration: December 31, 2024
First detected: January 29, 2024
Registrar: NameSilo, LLC www.namesilo.com/
Hosted by: Gocheapweb.com
What is a crypto investment scam?
Cryptocurrency investment scams have become a global issue, with fraudulent schemes luring investors with the promise of exorbitant returns and guaranteed profits on a daily or weekly basis. These operations are frequently based in countries that serve as digital crime sanctuaries, far from the reach of US law enforcement and other regulatory bodies. By establishing themselves in these international havens, scammers can conduct their illicit activities with a reduced risk of detection and prosecution. The offshore nature of these scams provides a shield for the perpetrators, allowing them to operate with relative impunity.
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For victims, this presents a significant obstacle in seeking justice and retrieving their investments. Once the scammers decide to vanish, they can exploit the complexities of cross-border legal systems, making it exceedingly difficult for authorities to pursue them. The international landscape thus complicates the efforts to clamp down on these fraudulent schemes, leaving many victims out of pocket and with little recourse.
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