Vidilook has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Suewat.com. We’ve received over 5 complaints against Vidilook.
Vidilook is marred by severe issues like non-transparent operations, unreliable trading conditions, and negative customer feedback, especially regarding fund withdrawals and communication. The lack of regulation further accentuates its risks, leading to the conclusion that Vidilook is likely a scam. Caution and thorough research are advised before engaging with such platforms.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Vidilook Regulated? Do They Have a License?
Vidilook describes itself as a “blockchain media company” that promises to compensate consumers for watching videos and commercials. It provides subscription packages with significant daily returns, which have piqued the interest of many investors looking for quick riches. However, multiple red flags indicate that Vidilook could be a scam or Ponzi scheme.
The company is tied to Sam Lee, who has previously been involved in a number of suspected Ponzi scams, including HyperFund, HyperCash, and StableDAO. Despite claims of being situated in Silicon Valley, Vidilook appears to operate out of Dubai.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Vidilook 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 Vidilook, 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?
Concerning Issues Present at Vidilook
Vidilook disabled withdrawals in April 2023, stating “audit” as the reason. This is a common Ponzi method employed when a scheme runs out of new funds. We disabled over 10,000 investor accounts and initiated Know Your Customer (KYC) procedures. This is likely intended to reduce withdrawal liabilities. To deceive investors, Sam Lee attempted to acquire Vidilook through another of his schemes, StableDAO.Many consumers have complained about being unable to withdraw monies after investing in Vidilook.
The promise of guaranteed high profits for simply watching videos is a red indicator, indicating a Ponzi scheme that uses new investor funds to repay previous investors.
Vidilook’s trading rules and deposit/withdrawal procedures are not specified. Still, given the lack of transparency and regulation described, their trading conditions may be suspect.
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.
Vidilook 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 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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Vidilook Reviews: What Do Others Say?
The majority of online customer comments regarding Vidilook is unfavorable. Users claim concerns such as being unable to withdraw funds, quick changes in rules, and poor communication, showing a lack of accuracy and trustworthiness.
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 Vidilook 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 Vidilook 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 Vidilook, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Vidilook enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Vidilook reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Vidilook.
You should always look out for consumer complaints. In the case of Vidilook, 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 Vidilook? You can share your complaint in the comment section or submit an anonymous tip.
Is Vidilook Legit Or Scam?
The absence of regulation, transparency, and unrealistic promises on the platform, all of which are common characteristics of fraudulent schemes.
Vidilook 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 Vidilook 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 Vidilook?
The overwhelming evidence indicates that Vidilook is a scam or Ponzi operation orchestrated by Sam Lee to swindle investors. Withdrawals are prohibited, accounts are locked, and bogus reasons are all signs of a crumbling Ponzi scheme. Investors should proceed with great caution and avoid dealing with Vidilook to avoid potential financial losses.
All the evidence suggests that Vidilook 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 Vidilook a scam?
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How The Vidilook Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
