In the world of online investments, it’s important to exercise caution and conduct thorough research before diving in. One platform that has recently come under scrutiny is Pluritec.
With promises of high returns and advanced technology, Pluritec claims to be a leader in stock market asset trading.
However, upon closer inspection, there are alarming red flags that point to it being nothing more than a scam. In this article, we will delve into the details, uncovering the truth behind Pluritec’s deceptive practices.
One of the first indicators of a dubious operation is the lack of verifiable ownership and executive information. Pluritec fails to provide any substantial evidence of its founders or executives on its website.
The so-called founder, “Miroslav Jogevic,” appears to be a fictional character created solely for marketing purposes. In fact, investigations have revealed that the person portraying Jogevic is actually an actor from Ukraine named Ivan Podkalyuzin.
Pluritec’s marketing tactics further raise suspicions about its legitimacy. Prior to the introduction of “Miroslav Jogevic,” the company used robodubbed AI avatars in its videos. This lack of transparency and reliance on artificial personas only serves to undermine the credibility of the platform.
Another troubling aspect of Pluritec is its habit of changing domain names. Initially operating under the domain “pluritec.co,” the company quickly switched to “pluritec.eu” and then “pluritec.ltd.” Such frequent domain changes are often characteristic of fraudulent schemes attempting to evade detection and accountability.
Legitimate investment platforms usually offer tangible products or services for their customers. However, Pluritec lacks any retailable products or services. Affiliates are solely focused on recruiting new members into the scheme, without any genuine product to market.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Pluritec 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 Pluritec, 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?
Pluritec’s compensation plan is a classic example of a pyramid scheme. Affiliates are encouraged to invest in cryptocurrency, with the promise of passive returns.
The higher the investment, the higher the promised daily percentage. However, these returns are solely dependent on the recruitment of new investors, indicating a clear Ponzi scheme structure.
Pluritec employs a multi-level marketing (MLM) structure, with various affiliate ranks and associated bonuses.
These ranks are achieved based on the amount of downline investment volume generated by affiliates. Referral commissions are paid out through a unilevel compensation structure, with commissions decreasing as the levels go deeper.
Pluritec’s failure to provide evidence of registration with financial regulators, including the FCA in the UK, suggests a lack of compliance with legal requirements. The platform’s passive returns investment scheme can be construed as a securities offering, further highlighting its potential involvement in securities fraud.
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.
Taking a closer look at Pluritec’s reputation among customers, it becomes evident that the platform has a poor track record when it comes to complaint handling.
Numerous users have reported issues with withdrawals and delays in receiving payouts. The company’s lack of transparency and failure to address these concerns indicate a disregard for customer satisfaction.
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.
Pluritec’s handling of complaints leaves much to be desired. Many users have reported unresolved issues and a lack of communication from the company’s support team. This dismissive approach to customer concerns further reinforces the suspicion that Pluritec is operating with malicious intent.
Online forums and review platforms are filled with negative feedback about Pluritec. Customers express frustration over delayed withdrawals, unresponsive customer support, and a general sense of being scammed. These firsthand accounts serve as a warning to potential investors who may be considering Pluritec as a legitimate opportunity.
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 Pluritec 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 Pluritec 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 Pluritec, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Pluritec enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Pluritec reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Pluritec.
You should always look out for consumer complaints. In the case of Pluritec, 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 Pluritec? You can share your complaint in the comment section or submit an anonymous tip.
Pluritec presents itself as a reputable investment platform but fails to deliver on its promises. With unverifiable ownership, a history of domain name changes, and a lack of retailable products, it becomes evident that Pluritec is operating as a scam.
The compensation plan and MLM structure further reinforce this notion, with a clear focus on recruitment rather than legitimate investment activities.
Additionally, the platform’s failure to comply with regulatory requirements and its dismissive approach to customer complaints highlight its fraudulent nature. It is crucial to exercise caution and thoroughly research any investment opportunity before committing funds. Stay informed, stay vigilant, and protect yourself from scams like Pluritec.
Pluritec 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 Pluritec 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 Pluritec?
All the evidence suggests that Pluritec 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.
Is Pluritec a scam?
Can I withdraw money from Pluritec?
Where is Pluritec Located?
How do I get my money back from Pluritec?
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.