Promarketindex.com is running a crypto scam. The website lacks customer support phone numbers and has no social media accounts associated with it. Legitimate reviews about the project are nonexistent. Upon launch, the website featured numerous pages with incomplete and placeholder content. The text on various pages is plagiarized from other fraudulent websites. Evidence points to the operation being based overseas. The domain name was registered only 33 days prior to this report. The company name used by the website is fictitious. All tiered profit guarantee plans advertised on the website are fraudulent. No business address is provided, deviating from the norms of a legitimate operation. What is a crypto investment scam?
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|❌ No Phone Numbers
❌ No Reviews
❌ Copycat Content
❌ Recently Registered
❌ Fake Profit Guarantee
|❌ No Social Media
❌ Unfinished Website
❌ Foreign Company
❌ Fake Business Name
❌ No Address Found
Date of registration: December 27, 2023
Expiration: December 27, 2024
First detected: January 29, 2024
Registrar: NAMECHEAP INC www.namecheap.com
Hosted by: Zuumservers.com
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 frequently based overseas, which presents a significant obstacle for law enforcement agencies in tracking and prosecuting the perpetrators. The international nature of these scams exacerbates the difficulty of retrieving any funds that victims may lose. To build credibility with potential investors, some scam operations may initially disburse a small return on the investment.
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This strategy is deliberately designed to create an illusion of a trustworthy and profitable venture, thereby convincing investors to inject more substantial sums of money into the scheme. However, it’s important to understand that these early payouts are not the result of any genuine investment activity. Instead, they are part of a calculated approach to manipulate investors into further financial commitments, often leading to substantial losses.
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