Teaminer Review: Scam Or Legit? | Recover Lost Funds

Teaminer Review: Scam Or Legit? | Recover Lost Funds
Is Teaminer a scam? How to recover funds from Teaminer? Find the answers to all these questions and more in this guide.


Teaminer has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to We’ve received over 5 complaints against Teaminer. is linked to shell firms registered in Wyoming, USA, and Panama that use virtual office addresses, implying a lack of legitimate activity in these places. The leadership team includes Juan Carlos Reynoso, who is well-known for his involvement in MLM Ponzi scams such as iComTech and OmegaPro. WebParanoid has classified TeaMiner as a questionable investment site, casting doubt on its legality and compliance with financial standards.

Get Your Money Back From These Scammers!



Key Takeaways

Teaminer has lost investors thousands of dollars
Teaminer website owner is anonymous
Vague terms of service

Is Teaminer Regulated? Do They Have a License? is related with shell businesses registered in Wyoming, the United States and Panama. The addresses listed for these organizations are linked to virtual office spaces, implying that may not have genuine operations or ties to these places beyond from the registration of shell corporations. Homepage’s management staff has questionable credentials in the multi-level marketing sector. Notably, Juan Carlos Reynoso, who is linked with, has a long history of participating in MLM Ponzi scams. His son, Juan Reynoso Jr., is also referenced in relation to Teaminer.

Juan Carlos Reynoso’s MLM experience includes participation in iComTech and OmegaPro, both of which are suspected or confirmed Ponzi scams. Despite his dubious past, Reynoso was not detained when US authorities arrested other persons connected to iComTech.

Juan Carlos Reynoso was arrested in Mexico for money laundering and drug trafficking. However, he was later released due to flaws in the evidence gathered against him. This act adds to the scandal surrounding the people involved with

Website flagged as suspicious. WebParanoid identified as a low-trust investment/earnings website and advised consumers to avoid it. The site is suspected of deceptively providing investment opportunities while engaged in fraudulent activities.’s difficulties include its links to MLM Ponzi schemes, the questionable background of its leadership, legal issues with linked persons, and warnings against relying on the website for investment or income prospects.

The lack of regulation or the presence of poor regulation is a huge red flag. It means Teaminer 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 Teaminer, 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?


Trading Conditions and Deposit/Withdrawal Methods at Teaminer

TeaMiner offers a variety of investment options ranging in length from 12 to 36 months and costing between $250 and $12,500. Affiliates can earn passive returns based on their investment by taking advantage of the company’s 20% discount on certain programs. Specific return rates are not publicly available.

TeaMiner’s MLM compensation scheme includes the following:

  • Retail commissions.
  • Quick start bonuses
  • Remaining unilevel commissions
  • Check the corresponding bonuses.
  • Leadership Bonuses
  • Rank achievement bonuses

TeaMiner charges a $30 affiliate membership fee. An optional $50 subscription every four weeks grants access to the TeaMiner Academy, which offers a digital library of bitcoin knowledge.

TeaMiner is suspected of securities fraud in conjunction with an MLM compensation scheme. The company’s operations, including its claim to be mining bitcoin and conforming to strict US standards, lack verifiable documentation. TeaMiner’s failure to register with the SEC, although presenting what seems to be a securities opportunity under the Howey Test, puts it in breach of US securities laws. Furthermore, concealing of critical operational and compensation facts may violate the FTC Act.

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 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.


Teaminer Customer Service: Do They Handle Complaints Well?

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 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, customer support won’t resolve your issues and become increasingly unavailable.

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Teaminer Reviews: What Do Others Say?

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 Teaminer 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 Teaminer reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that 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 Teaminer, chances are, you wouldn’t find many legitimate reviews.

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

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

Teaminer reviews coverage

You should always look out for consumer complaints. In the case of Teaminer, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Teaminer? You can share your complaint in the comment section or submit an anonymous tip.


Is Teaminer Legit Or a Scam?

TeaMiner’s operational strategy has many of the elements of a Ponzi scheme, including the use of new investments to pay out affiliate withdrawals.

The lack of a provable revenue stream other than new investment, as well as the potential for legal infractions, pose considerable risks to investors.

TeaMiner, like many MLM Ponzi schemes, has unclear sustainability and is likely to collapse, resulting in losses for the majority of participants.

Teaminer 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 Teaminer can run away with your money without any prior notice. It would help if you were 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 Teaminer?

All the evidence suggests that Teaminer 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.


Frequently Asked Questions

Is Teaminer a scam?

According to the online reviews of this company, it’s highly probable that Teaminer is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Teaminer?

Yes, you can withdraw your funds from Teaminer by getting in touch with one of our experts. Get your money back immediately.

Where is Teaminer Located?

There is no information available on the location of Teaminer.

How do I get my money back from Teaminer?

To get your money back from Teaminer, you can file a chargeback. Learn more here.

How The Teaminer Online Scam Works

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.

Get Your Money Back Free consultation
If you’ve lost money with Teaminer, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
An expert will get in touch with you within 48 hours.
Teaminer Review: Scam Or Legit? | Recover Lost Funds
Teaminer Review: Scam Or Legit? | Recover Lost Funds

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