Palmgain.com has been reported for running a crypto scam. The site’s name was registered only about 29 days ago, and it lacks social media accounts, which is unusual for a legitimate project. No business address is available on any of the pages, deviating from standard legitimate website practices. Many pages are incomplete, featuring default content and placeholder text. The website’s content has been copied from other similar scams. Legitimate reviews about this project are nowhere to be found and cannot be verified. The company name claimed on the website does not exist in official records. Ownership of the website traces back to a foreign entity, and no customer support phone numbers are provided. The tiered profit guarantee plans advertised on the website are entirely fictitious. What is a crypto investment scam?

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

Date of registration: January 16, 2024
Expiration: January 16, 2025
First detected: February 14, 2024
Registrar: NameSilo, LLC www.namesilo.com/
Hosted by: Cloudflare.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams lure individuals with the promise of exorbitant and often implausible returns, frequently assuring consistent daily or weekly profits. These deceptive operations are commonly based overseas, which presents a significant obstacle for law enforcement agencies in tracking and prosecuting the perpetrators. The international aspect of these scams exacerbates the difficulty of retrieving any funds that victims may lose.

totalscam_lock

Weekly Scam Alerts - Free Service

Get notified when new scams are exposed!

Scammers never stop devising schemes to separate us from our hard-earned money. So, make sure to sign up for our weekly email scam alerts. TotalScam!™ Alert will notify you as soon new scams are discovered.

In an effort to build credibility, some scam operations may initially disburse a small return to their investors. This strategy is designed to manufacture an illusion of authenticity and to persuade investors to increase their stakes. However, these early payouts are not the result of any genuine investment strategies; they are merely part of the scam’s tactics to coax more substantial investments from unsuspecting individuals.

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

How useful was this report?

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Get notified as soon as new scams are detected!

Follow us on social media: