The website fountain-trade.com is operating a crypto scam. It lacks customer support phone numbers and has no verifiable reviews. Many pages on the site contain placeholder content, suggesting it is incomplete. The website appears to be managed from an overseas location, and there are no associated social media accounts. The profit guarantee plans advertised are fraudulent. The domain name was registered only 33 days ago, and the site uses a fake company name. Text on various pages is plagiarized from other fraudulent websites, and there is no physical business address provided. What is a crypto investment scam?

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

Date of registration: December 27, 2023
Expiration: December 27, 2024
First detected: January 29, 2024
Registrar: OwnRegistrar, Inc.
Hosted by: Naijawebhost.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams are a growing concern, as they entice potential investors with the allure of quick and substantial profits. These scams often promise daily or weekly returns that can be as high as 50% of the initial investment, which is an unrealistic and deceptive claim. Once the scammers have successfully persuaded individuals to part with their money, they don’t stop there. If they sense skepticism from their victims, they may double down on their deceit by introducing a secondary scam. This involves a so-called recovery company that reaches out to the victims, claiming expertise in retrieving lost crypto funds for a fee.

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However, this is just another layer of the scam. These fake recovery agents ask for payment upfront, claiming they will track down the original fraudsters and reverse the transactions. But the truth is, cryptocurrency transactions are designed to be irreversible, and these scammers simply pocket the additional fees and disappear, leaving the victims at a loss once again.

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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