The website ico1millionfolmula.com is operating a crypto scam, owned and operated by a foreign company or individuals. Legitimate websites typically display a business address, but this site lacks such information. The site contains multiple unfinished pages with default content and placeholder text. The company name listed is not genuine. The domain was registered only 27 days ago at the time of this report. There are no customer support phone numbers provided. No social media accounts for the project could be found. The content on the website has been copied from other similar scams. The profit guarantee plans offered are not real, and no verifiable legitimate reviews about this project exist. What is a crypto investment scam?

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

Date of registration: February 06, 2024
Expiration: February 06, 2025
First detected: March 04, 2024
Registrar: GMO Internet Group, Inc. d/b/a Onamae.com
Hosted by: Mchost.com
Ownership: Unknown

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, strategically chosen for their lax regulations and the difficulty they pose to international law enforcement. By situating themselves outside the reach of the United States and other nations with stringent financial oversight, these scammers can operate with relative impunity.

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The offshore nature of these scams provides a shield for the perpetrators, allowing them to operate under the radar of regulatory bodies and making it exceedingly tough for authorities to pursue legal action. For victims, the international setting of these scams compounds the challenge of recouping any losses. Scammers can swiftly vanish into the digital ether or navigate through the complexities of international law to avoid detection and punishment, leaving investors with little recourse.

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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