Category: Warnings

FXCape Scam: Scam Or Legit? | Recover Lost Funds
Summary

FXCape has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to True Forex Funds. We’ve received over 5 complaints against FXCape.

The UK’s Financial Conduct Authority has issued a warning against FXCape for fraudulent activity, citing a lack of regulation as a major danger. FXCape operates without a license, and its operations include market manipulation and misinformation, constituting a fraud hazard to investors. Victims have little redress due to the lack of regulatory control, emphasizing the significance of validating an investment firm’s regulatory status and license information. FXCape’s unregulated status allows it to avoid legal accountability, therefore investors must exercise caution and conduct rigorous due diligence.

Get Your Money Back From These Scammers!

[mychargeback-form]

The Financial Conduct Authority of the United Kingdom has issued a warning against FXCape. The subject of the warning is:

Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

The lack of regulation or the presence of poor regulation is a huge red flag. It means FXCape is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of FXCape, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

Join The Whistleblower Program

If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.

Send Anonymous Tip

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like FXCape tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust FXCape reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of FXCape, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like FXCape enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “FXCape reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising FXCape.

You should always look out for consumer complaints. In the case of FXCape, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about FXCape? You can share your complaint in the comment section or submit an anonymous tip.

FXCape is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind FXCape can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust FXCape?

All the evidence suggests that FXCape is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.
February 14, 2024
True Forex Funds Scam: Scam Or Legit? | Recover Lost Funds
Summary

True Forex Funds has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Funded Engineer Prop Firm. We’ve received over 6 complaints against True Forex Funds.

True Forex Funds is being flagged as a potential scam due to the absence of proper regulation or inadequate regulation, suggesting that they may be operating illegally. Victims are left with no options to address the unregulated entity, putting their funds at risk. It is important to always verify a company’s regulatory status and licensing to protect yourself from fraudulent schemes such as True Forex Funds.

Get Your Money Back From These Scammers!

[mychargeback-form]

The lack of regulation or the presence of poor regulation is a huge red flag. It means True Forex Funds is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of True Forex Funds, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

Join The Whistleblower Program

If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.

Send Anonymous Tip

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like True Forex Funds tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust True Forex Funds reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of True Forex Funds, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like True Forex Funds enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “True Forex Funds reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising True Forex Funds.

You should always look out for consumer complaints. In the case of True Forex Funds, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about True Forex Funds? You can share your complaint in the comment section or submit an anonymous tip.

True Forex Funds is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind True Forex Funds can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust True Forex Funds?

All the evidence suggests that True Forex Funds is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.
February 12, 2024
Funded Engineer Prop Firm Scam: Scam Or Legit? | Recover Lost Funds
Summary

Funded Engineer Prop Firm has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to External Coins. We’ve received over 4 complaints against Funded Engineer Prop Firm.

FPFX Tech alleges that Funded Engineer Prop Firm is engaged in fraudulent operations and wash trading, indicating a state of upheaval in the prop trading industry. It is important to be aware of the potential risks associated with investment platforms such as Funded Engineer, as the lack of regulation in this industry can be concerning. It is recommended to exercise caution and conduct thorough research before engaging with these platforms. Be cautious of frequently used scam tactics and make sure to prioritize transparency and accountability at all times.

Get Your Money Back From These Scammers!

[mychargeback-form]

The prop trading environment is in turmoil as FPFX Tech, a retail prop trading tech supplier, charges Funded Engineer, a prop firm, of participating in fraudulent operations and wash trading. The findings have sent shockwaves through the sector, emphasizing the value of transparency and ethical behavior.

FPFX Tech ended its licensing arrangement with Funded Engineer after an internal examination. The audit revealed what FPFX Tech claims to be a long-running scam engineered by Funded Engineer to defraud both FPFX Tech and the public by increasing payout estimates through illegal means.

The lack of regulation or the presence of poor regulation is a huge red flag. It means Funded Engineer Prop Firm is a scam and most likely, an illegal operation.

Funded Engineer’s behaviors, as described by FPFX Tech, are quite alarming. The company allegedly participated in a variety of fraudulent actions, such as creating phony trading accounts, circumventing Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, and engaging in wash trading to artificially boost payout figures.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of the Funded Engineer Prop Firm, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Funded Engineer went to tremendous efforts to deceive, manually generating user profiles with no payment history or billing information and then giving them funded accounts. Furthermore, AML/KYC checks were allegedly bypassed, allowing these persons to be accepted without adequate due diligence. Wash trading, a manipulative activity that involves creating misleading trading volume was allegedly used only to boost reward figures.

Despite accepting payouts in the system, the Funded Engineer allegedly neglected to transfer any monies to these phony accounts, furthering the deceit.

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

Join The Whistleblower Program

If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.

Send Anonymous Tip

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Funded Engineer Prop Firm tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Funded Engineer Prop Firm reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Funded Engineer Prop Firm, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Funded Engineer Prop Firm enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Funded Engineer Prop Firm reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Funded Engineer Prop Firm.

You should always look out for consumer complaints. In the case of Funded Engineer Prop Firm, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about the Funded Engineer Prop Firm? You can share your complaint in the comment section or submit an anonymous tip.

The astonishing suggestion that Funded Engineer misrepresented its payouts by more than $2 million adds to the seriousness of the allegations. Tristan Talbot, one of its creators, allegedly promoted these inflated stats on social media, exacerbating the deception.

FPFX Tech does not take these charges lightly. The company plans to submit complaints to regulatory authorities and alert other vendors impacted by the Funded Engineer’s behavior. FPFX Tech emphasizes the importance of ethical procedures in the prop trading market, calling for accountability and transparency.

The claims against Funded Engineer serve as a sharp reminder of the risks involved in the financial business, as well as the vital necessity for monitoring. When picking investment platforms, traders are advised to proceed with prudence and complete due diligence.

Funded Engineer Prop Firm is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Funded Engineer Prop Firm can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Funded Engineer Prop Firm?

All the evidence suggests that Funded Engineer Prop Firm is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.
February 12, 2024
External Coins Scam: Scam Or Legit? | Recover Lost Funds
Summary

External Coins has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to ifdgl.com. We’ve received over 5 complaints against External Coins.

The Financial Conduct Authority in the UK has issued a warning about External Coins due to their involvement in fraudulent activities. The absence of proper regulation is a clear indication of a fraudulent scheme, which unfortunately leaves individuals exposed and without any means of legal protection. It is important to always confirm the license and regulation status of a company. Investing in External Coins can be risky due to the lack of oversight and regulation. Be cautious of deceptive strategies such as fabricated reviews and pushy sales tactics.

Get Your Money Back From These Scammers!

[mychargeback-form]

The Financial Conduct Authority of the United Kingdom has issued a warning against External Coins. The subject of the warning is:

Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

The lack of regulation or the presence of poor regulation is a huge red flag. It means External Coins is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of External Coins, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

Join The Whistleblower Program

If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.

Send Anonymous Tip

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like External Coins tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust External Coins reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of External Coins, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like External Coins enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “External Coins reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising External Coins.

You should always look out for consumer complaints. In the case of External Coins, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about External Coins? You can share your complaint in the comment section or submit an anonymous tip.

External Coins is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind External Coins can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust External Coins?

All the evidence suggests that External Coins is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.
February 12, 2024
ifdgl.com Scam: Scam Or Legit? | Recover Lost Funds
Summary

ifdgl.com has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Cyber Capital. We’ve received over 5 complaints against ifdgl.com.

The Financial Conduct Authority in the UK has issued a warning about ifdgl.com, using fraudulent activities such as insider dealing and market manipulation. The absence of proper regulation raises concerns about the legitimacy of the operation, leaving those affected without any means of legal redress. It is important to always confirm the license and regulation status of a company. ifdgl.com leaves victims with no recourse, as there is no regulatory oversight or licensing in place. Stay alert for deceptive tactics commonly used in scams.

Get Your Money Back From These Scammers!

[mychargeback-form]

The Financial Conduct Authority of the United Kingdom has issued a warning against ifdgl.com. The subject of the warning is:

Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

The lack of regulation or the presence of poor regulation is a huge red flag. It means ifdgl.com is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of ifdgl.com, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

Join The Whistleblower Program

If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.

Send Anonymous Tip

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like ifdgl.com tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust ifdgl.com reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of ifdgl.com, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like ifdgl.com enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “ifdgl.com reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising ifdgl.com.

You should always look out for consumer complaints. In the case of ifdgl.com, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about ifdgl.com? You can share your complaint in the comment section or submit an anonymous tip.

ifdgl.com is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind ifdgl.com can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust ifdgl.com?

All the evidence suggests that ifdgl.com is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.
February 12, 2024
Vecoglobal Scam: Scam Or Legit? | Recover Lost Funds
Summary

Vecoglobal has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Ecobottraders. We’ve received over 4 complaints against Vecoglobal.

Vecoglobal has been warned by the UK’s Financial Conduct Authority for engaging in fraudulent acts such as insider trading and market manipulation. Lack of regulation indicates a possible scam, leaving victims without legal redress. Always check a company’s licensing and regulatory status. Scammers frequently use bogus reviews and aggressive techniques to entice victims, eventually stopping withdrawals and disappearing. Reporting scams is critical. Vecoglobal operates without regulation, leaving investors exposed to loss with no redress. Be wary of classic fraud tactics such as generic names and promises of tiny payouts.

Get Your Money Back From These Scammers!

[mychargeback-form]

The Financial Conduct Authority of the United Kingdom of Greece has issued a warning against Vecoglobal. The subject of the warning is:

Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

The lack of regulation or the presence of poor regulation is a huge red flag. It means Vecoglobal is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Vecoglobal, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

Join The Whistleblower Program

If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.

Send Anonymous Tip

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Vecoglobal tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Vecoglobal reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Vecoglobal, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Vecoglobal enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Vecoglobal reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Vecoglobal.

You should always look out for consumer complaints. In the case of Vecoglobal, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Vecoglobal? You can share your complaint in the comment section or submit an anonymous tip.

Vecoglobal is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Vecoglobal can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Vecoglobal?

All the evidence suggests that Vecoglobal is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.
February 10, 2024
Cyber Capital Scam: Scam Or Legit? | Recover Lost Funds
Summary

Cyber Capital has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Vecoglobal. We’ve received over 5 complaints against Cyber Capital.

The lack of regulation identifies Cyber Capital as a possible scam, allowing it to operate unlawfully. To protect themselves against fraud, investors should evaluate a company’s licensing and regulatory status. Victims of unregistered businesses such as Cyber Capital have few options due to a lack of oversight. Be wary of fraud methods such as phony reviews and forceful sales. Chargebacks may be one of the recovery possibilities. The uncontrolled nature of cyber capital exposes investors to severe risks, including financial loss.

Get Your Money Back From These Scammers!

[mychargeback-form]

The Financial Conduct Authority of the United Kingdom has issued a warning against Cyber Capital. The subject of the warning is:

Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

The lack of regulation or the presence of poor regulation is a huge red flag. It means Cyber Capital is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Cyber Capital, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

Join The Whistleblower Program

If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.

Send Anonymous Tip

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Cyber Capital tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Cyber Capital reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Cyber Capital, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Cyber Capital enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Cyber Capital reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Cyber Capital.

You should always look out for consumer complaints. In the case of Cyber Capital, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Cyber Capital? You can share your complaint in the comment section or submit an anonymous tip.

Cyber Capital is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Cyber Capital can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Cyber Capital?

All the evidence suggests that Cyber Capital is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.
February 10, 2024
Ecobottraders Scam: Scam Or Legit? | Recover Lost Funds
Summary

Ecobottraders has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Extrominersfx. We’ve received over 4 complaints against Ecobottraders.

Ecobottraders have been warned by the UK’s Financial Conduct Authority about fraudulent practices such as insider trading and market manipulation. A lack of regulation indicates a possible hoax. Before investing, double-check your licenses and regulatory status. Beware of bogus reviews and frequent complaints. Victims can file a report with the Whistleblower Program and request chargebacks for lost monies.

Get Your Money Back From These Scammers!

[mychargeback-form]

The Financial Conduct Authority of the United Kingdom has issued a warning against Ecobottraders. The subject of the warning is:

Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

The lack of regulation or the presence of poor regulation is a huge red flag. It means Ecobottraders is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Ecobottraders, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

Join The Whistleblower Program

If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.

Send Anonymous Tip

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Ecobottraders tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Ecobottraders reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Ecobottraders, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Ecobottraders enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Ecobottraders reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Ecobottraders.

You should always look out for consumer complaints. In the case of Ecobottraders, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Ecobottraders? You can share your complaint in the comment section or submit an anonymous tip.

Ecobottraders is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Ecobottraders can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Ecobottraders?

All the evidence suggests that Ecobottraders is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.
February 10, 2024
Extrominersfx Scam: Scam Or Legit? | Recover Lost Funds
Summary

Extrominersfx has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Dexofinance. We’ve received over 6 complaints against Extrominersfx.

The Financial Conduct Authority in the UK has issued a warning about Extrominersfx, raising concerns about possible fraudulent activities and suggesting that it may be operating illegally. Unregulated entities such as Extrominersfx have the ability to disappear without any form of accountability, leaving investors in a vulnerable position. It is important to always check a company’s regulatory status before investing in order to protect yourself from potential scams. Individuals who have fallen victim to unlicensed operations such as Extrominersfx may find themselves with limited options for seeking resolution in case any problems arise.

Get Your Money Back From These Scammers!

[mychargeback-form]

The Financial Conduct Authority of the United Kingdom has issued a warning against Extrominersfx. The subject of the warning is:

Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

The lack of regulation or the presence of poor regulation is a huge red flag. It means Extrominersfx is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of ExtrominersFx, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

Join The Whistleblower Program

If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.

Send Anonymous Tip

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Extrominersfx tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Extrominersfx reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Extrominersfx, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Extrominersfx enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Extrominersfx reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Extrominersfx.

You should always look out for consumer complaints. In the case of Extrominersfx, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Extrominersfx? You can share your complaint in the comment section or submit an anonymous tip.

Extrominersfx is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Extrominersfx can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Extrominersfx?

All the evidence suggests that Extrominersfx is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.
February 8, 2024
Dexofinance Scam: Scam Or Legit? | Recover Lost Funds
Summary

Dexofinance has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Bittrex-Chainalysis. We’ve received over 5 complaints against Dexofinance.

The lack of regulation raises questions about Dexofinance, which may indicate an illegal activity. Unlicensed businesses may disappear without responsibility, leaving investors vulnerable. Always check a company’s regulatory status before investing, and be aware of any dubious tactics. Dexofinance’s lack of oversight provides victims with few options if problems emerge. Be vigilant and report any suspicious activities to the appropriate authorities. If you have been scammed, you should try filing a chargeback to recover your money.

Get Your Money Back From These Scammers!

[mychargeback-form]

The Financial Conduct Authority of the United Kingdom has issued a warning against Dexofinance. The subject of the warning is:

Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

The lack of regulation or the presence of poor regulation is a huge red flag. It means Dexofinance is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Dexofinance, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

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It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Dexofinance tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Dexofinance reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Dexofinance, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Dexofinance enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Dexofinance reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Dexofinance.

You should always look out for consumer complaints. In the case of Dexofinance, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Dexofinance? You can share your complaint in the comment section or submit an anonymous tip.

Dexofinance is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Dexofinance can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Dexofinance?

All the evidence suggests that Dexofinance is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.
February 8, 2024