Globalautotradez.com appears to be running a crypto scam. Many pages contain only placeholder content, and all signs suggest the website is managed from an overseas location. The website lacks a physical address for the business, and the profit guarantee plans showcased are fictitious. Text on various pages has been plagiarized from other fraudulent websites. The company name listed is also fabricated. There are no social media accounts associated with this project, nor are there any verifiable reviews. Customer support is absent, as the website provides no phone numbers. Furthermore, the domain name was registered only a short time ago. What is a crypto investment scam?

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

Date of registration: Unknown
Expiration: Unknown
First detected: January 29, 2024
Registrar: Unknown
Hosted by: Unknown
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams are becoming increasingly sophisticated, using high-quality websites that promise significant returns through purportedly expert trading or cutting-edge investment tactics. These platforms often feature sleek, high-tech designs and showcase false trading histories that depict steady profits, seemingly unaffected by the volatile nature of the crypto markets. They entice investors with the allure of low-risk opportunities that purportedly capitalize on market fluctuations to yield high rewards. To enhance their facade of legitimacy, these fraudulent websites may include fake customer testimonials, display security verification badges, and provide customer service contact details that are actually part of the scam operation. They might also promote referral programs, offering bonuses for recruiting new investors, which is a hallmark of Ponzi schemes.

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Initially, these scams may ask for modest deposits to build trust. However, once they have gained an investor’s confidence, they push for larger sums of money. When investors attempt to withdraw their earnings or their initial investment, they’re often hit with unexpected fees, unexplained withdrawal delays, or complete refusal of fund access. In some dire scenarios, the scam platform may suddenly go offline, with the perpetrators vanishing with the investors’ capital. The anonymity of cryptocurrency transactions makes it exceedingly challenging to track down these scammers, leaving victims with slim chances of recovering their lost investments.

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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