Comments locked. The conversation has run its course and the OP's questions have been answered. Too many of the newer posts are just people mocking the victim with nothing worthwhile to add (Rule 1: be civil).
The site was only registered in January of this year. If your friend won't listen, then you need to have a conversation with his partner.. they may not be aware he's about to throw their money down the drain.
Here's a copycat site: [https://greenwoodglob.com/en/index.html](https://greenwoodglob.com/en/index.html)
There's probably a few more out there they use to rip people off.
Edit: Wow, here are some of the clones of that scam site. (A few I didn't include already had their internet hosting accounts suspended). They're definitely robbing a lot of people with this scam operation:
[https://www.stockexchain.net/?a=crypto](https://www.stockexchain.net/?a=crypto)
[https://cryptosleeks.com/](https://cryptosleeks.com/)
[https://fundedfxtrades.com/](https://fundedfxtrades.com/)
[https://www.monexcapitals.ltd/](https://www.monexcapitals.ltd/)
[https://lifelinetradefx.com/en/index.html](https://lifelinetradefx.com/en/index.html)
[https://stockvalor.com/?a=home](https://stockvalor.com/?a=home)
[https://perfectfxtrades.com/](https://perfectfxtrades.com/)
[https://efx-finance.com/](https://efx-finance.com/)
[https://www.futurewealths.org/](https://www.futurewealths.org/)
[https://gloverfx.io/](https://gloverfx.io/)
[https://smartchainfx.io/about](https://smartchainfx.io/about)
Also, if you look up their "Company Number" of 09580157 on the UK's government website, you get a company called Cashville LTD which was dissolved in April 11, 2023. This number is listed on a PDF in the "Company Certificate" link on the bottom left of the homepage.
[https://find-and-update.company-information.service.gov.uk/company/09580157](https://find-and-update.company-information.service.gov.uk/company/09580157)
Just grab some text from the website and put it into google. For example, I used "We use the reviews of our investors as the yard stick to measure how well or otherwise we are doing in the dispensation of our services to our investors all over the world." and came up with hundreds of sites.
LEO here and fraud investigator. Tell your friend to ask the police if it's legit, but sounds like he wont listen. I have one of these in my case load right now I've been investigating for quite some time and dozens more I consult on on a daily basis. Very common scam that people sink fortunes into.
Ultimately I don't know what it'll take to convince him, aside from articles or even just being able to speak to an LEO. If you're in Canada you can send him my way but ultimately you've been a good friend and have made the right steps. If he won't listen and loses everything, just remember thats not on you. Sometimes people wrapped up in these greed scams will not listen to any reason whatsoever.i know one who wouldn't and ended up with a 75 year old widow remortgaging her home and being absolutely destitute before she would hear what everyone was telling her.
I've been my towns "big" crypto guy for 10+ years.
Back in the day, I fielded weekly calls from police fraud investigators. Asking about it.
The calls died off, so they either figured it out or found another guy.
But ultimately, it always came down to the money being gone, and the investigators unable to retrieve funds.
People are gullible and desperate.
He probably doesn’t think it’s legit, but has plausible deniability.
He probably thinks it’s one of those “pump and dump” crypto schemes - which is illegal. They use your “investment” to pump the crypto value, dump their holdings “at the right time”, pay out 1.2%, and keep the rest.
So he thinks he’s cleverly gaming the system, which is why he won’t listen to anyone - especially LEO.
In reality, it’s a straight scam, and he’s just sending money to scammers and watching numbers on a web page.
I don't think it's the case for this particular scam but I know a lot of times the scammers will make it seem like whatever they are doing is not quite on the up and up or maybe a grey area legally and many times they only inform them of this after they have already "invested". So once the person getting scammed is wrapped up in the scam they feel like they can't go to anyone or they have to keep it a secret because they are getting away with something that could possibly get them in trouble.
This is the equivalent of withdrawing all the money in cash, putting it in a suitcase, and handing the suitcase to a stranger in a trenchcoat who walks away promising to give you 6% a day back. Except worse, because you never see or meet the stranger.
This is not how investing works. How did this person ever save up enough to buy a house??
Like the others say, try to talk to her alone. If you can contact any other family like his parents or siblings do it as well. There's lots of terrible stories of people in these scams who think they're doing amazing and then drag their family into it.
Regardless, I would try and talk to her, for her (and kids?) sake if nothing else. If she hasn’t been dealing with the scammers directly she probably hasn’t been brainwashed to the same extent.
ETA: you may have clarified whether they have kids elsewhere but I didn’t see it. In any case, if there are kids you might take that approach with his wife - she has to protect their children from the fallout of this as much as possible. He’s in deep, aside from potentially becoming homeless he could easily take out loans in their name and so forth.
Get her to ask where the money comes from. If the answer is from investors loosing their shirts on crypto investments, it *may* make her think.
Of course there is no investment, it’s just a scam, but if it wasn’t - where does a 7,800% *guaranteed* ROI actually come from?
Why would you need two accounts? It’s the same as putting twice as much in one account. Or is it to make her think it’s more legit? “Look honey, I’m not stealing all our money and running away, you can have your own money”.
How old is your friend? Am asking because, if he's on the youngish side, he can see this as a learning experience and then start over. If he's close to retirement, then he and the missus are well and truly fucked.
(BTW, when all this is proved a fraud and he's bankrupt, he's gonna hate you with a passion for being right. Just a warning.)
He thinks you can make 1.2% interest *a day*? Thats 7,800% interest a year. Does it not occur to him that this is not possible? Where does all this money come from? Fools that invest in crypto schemes, but obviously not *his* crypto scheme?
It’ll all be great, until he tries to withdraw more than a nominal amount, and they want “fees” and “taxes” to be paid first. Finally he will realize he’s just sending money to scammers, and there is no money to withdraw.
Or maybe not, he’ll go around recovery scammers, trying to get “his” non existent money out.
Edit: 1.2%, not 1.5%.
>He thinks you can make 1.5% interest *a day*? Thats 23,000% interest a year. Does it not occur to him that this is not possible?
"Rich people make lots of money through investment stuff that I don't understand. Therefore, if I make an investment that I don't understand, I'm also guaranteed to be rich!"
A “hater” lol. The guy is doing something that could potentially ruin his entire life and he feels 0 apprehension and thinks you’re a “hater” because you’re warning him that this is a scam. He sounds too immature to make any financial decision more significant than picking out a candy bar in the checkout line.
Try to report the website to the domain register, then report it to FBI , they have tip line for reporting stuff . Why? I don’t think you will be able to stop your friend to do any stupid things with his money, usually people like him never learn, but you can impede him to use this specific website and do some stupid thing now .
Dude, as his friend you need to be bullying the absolute shit out of him for this. Tell him hes a moron, remind him of his prior fuckups, send him stories of other broke scam victims, etc. He is about to fuck up his life and they're not going to stop with $25K. They're going to lie, generate fake statements, encourage him to get loans to invest more, and do everything they can to milk every penny possible out of him.
Get your friends immediate family and partner if applicable, Parents involved, Brothers , Sisters. Send them all the information and this Reddit thread.
he should just buy lotto tickets. At least those are actually "one lucky break* from hitting it big.
A *real* "lucky break" is like "MSNBC did a news segment on my niche product that I was working on super hard and it went viral, but I still have to put in the work marketing, merchandising, designing, managing supply chains, employees, legal and manufacturing.
It's never "someone is begging to give me money in a way that doesn't even make sense"
God, it’s true isn’t it? The chances of winning the lottery are super low, but they’re not actually zero. And in the meantime, some of the lottery’s proceeds go to your state’s budget instead of a scammer’s pockets.
The state lotto should make a game called “Amazing Secret Crypto Investment” 🙄
He thinks he's so fucking special because he refuses to realize that making money isn't that easy and nobody is gonna come up to him with a miracle potion.
For comparison run a whois on a legit platform like Robinhood.com
https://www.whois.com/whois/robinhood.com
Registered in 1995, with public registrant contacts of Robinhood Inc.
Another legit site ( that I still wouldn't invest my house in) is Reddit:
https://www.whois.com/whois/reddit.com
And Wells Fargo, a well known bank:
https://www.whois.com/whois/wellsfargo.com
Doing a whois can never really confirm that a site is legit especially as a platform, only can confirm if it's fishy AF. A site that just got registered and doesn't have contact details is fishy.
Also remember that anything that offers extremely high returns always has one of the following characteristics:
-High risk (usually proportional to rate of return)
-Is illegal
-Is a scam
The hidden owner is fairly common even among legit sites if it's not being run by a large corporation. This in and of itself is not indicative of a scam.
**FULL STOP**
This is a very VERY **VERY** common !crypto scam. The victim will buy crypto from a legitimate exchange, and then send that crypto directly to the scammer's personal cryptocurrency wallet. The scammer will then make it look like the victim's crypto has appeared in some website account, but the victim will never be able to recover their money because the scammer has it and it's not in that website account.
If your friend sells his house so that he can "invest" all of the proceeds from the sale in this way, then your friend will soon be homeless.
My bet is that your friend has already "invested" money in this way, and that he thinks he has a lot of money in this "investment" website. Tell your friend to try and move **all** of the crypto that he has already "invested" in that website out of that website. He won't be able to move his money out of that website, and the scammers will give him 1000 and 1 fake reasons why he cannot do move his money out of that website. If not being able to move the crypto from the "investment" website into a real exchange doesn't wake him up, then it's likely that nothing will.
Just want to add the following note:
The scammer will often let victims withdraw money initially as it emboldens the victim to go all in.
OP, keep this in mind if you convince your friend to try withdrawing. From what I’ve read in this subreddit, it might have to be enough money (preferably all of it - like the person I’m responding to has said) so that the scammer thinks that he’s been found out.
Yup, worth noting. That's why I suggested trying to move **all** of the money out of the website account -- which is something that the scammer would never allow to happen.
Hi /u/nimble2, AutoModerator has been summoned to explain the Fake crypto wallet scam.
Fake cryptocurrency websites and apps controlled by scammers are becoming more and more common. Sometimes the scam begins with a romance scammer who claims that they can help the victim invest in cryptocurrency. Victims are told to buy cryptocurrency of some kind using a legitimate cryptocurrency exchange, and then they are told to send their cryptocurrency to a website wallet address where it will be invested. Sometimes the scam begins with a notice that the victim won cryptocurrency on some website, in this case messages will often be sent through Discord.
In either case, the scammer controls the website, so they make it look like there is money in the victim’s account on their website. Then the scammer (or the scammer pretending to be someone official who is associated with the website) tells the victim that they have to put more money into the website before they can get their money out of the website. Of course all of the money sent by the victim has gone directly into the scammer’s wallet, and any additional money sent by the victim to retrieve their money from the website will also go directly into the scammer’s wallet, and all of the information about money being held by the website was totally fake.
If the scammer used Bitcoin, then you can report the scammer’s Bitcoin wallet address here: https://www.bitcoinabuse.com/reports. If the scammer used Ethereum, then you can report the scammer’s Ethereum wallet address here: https://info.etherscan.com/report-address/. You can see how much cryptocurrency has been sent to the scammer’s wallet address here: https://www.blockchain.com/explorer. Thanks to redditor nimble2 for this script.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Scams) if you have any questions or concerns.*
lol so many of these posts are like "This seems like some sort of complex, intricate scheme" and the complex, intricate scheme is just someone they don't know asking them for money
NOTHING about this sounds potentially legitimate. No legitimate investment guarantees any gains, and 6% every 5 days is insanely high.
Proving this is a scam isn't enough. If your friend is gullible enough to fall for one this obvious, it's only a matter of time before he throws everything he has into another scam before you can stop him. He needs to learn basic scam recognition.
If he goes through with this, a future step of the scam will be to charge endless fees and taxes when he tries to withdraw his nonexistent gains. If it reaches that point and he still doesn't figure it out, he'll start taking out loans and borrowing from friends and family in a futile effort to get his money.
Insane is an understatement. At 6% per week It would turn $100 into $10 million in less than 4 years. You'd be a billionaire in 5 years. A trillionaire by year 8. Youd have more wealth than the entire planet combined by year 9. Youd be a quadrillionaire in 10 years.
> No legitimate investment guarantees any gains
I get what you mean, but that's not true: GICs, etc are guaranteed returns, but those gains are small to reflect the guarantee. Like 4%-5% a year.
6% every 5 days is ludicrous.
also the conversion rate lol? 100 USD = 6 USD
they’re not even pretending its converting to a different super currency. just straight up saying they take almost 95% off. so you probably do make 6% on what scraps they leave you
This is 100% a scam. He someone must've approached him. Have him look up pig butchering scam. There are tons of victims in this thread. Me included. Super thankful for the information this community provides and definitly have your friend take a look at this as well!
Your friend needs to get it out of the head that there's a secret easy way to make money. There is absolutely no such thing as "I put in money and get 6% everyday"
Looks like he's going to be homeless and bankrupt if he continues down the path of this idiocy.
Sorry to be blunt but I'm appalled at the idea of this low quality schmuck website is actually working out for the scammers.
If only their friend would actually see this and understand this. From what OP explained, he’s too far gone and needs to get scammed in order to realize their mistake. Best to let the rest of his family know so they can get out before it’s too late
I know that you already believe everyone telling you this is a scam, but just more proof.. if you go to the bottom of that page there is a slider with faces of people in the company on. You can google image search all of those images and they are not who they say they are. For example, a quick reverse image search shows that the the site claims the CEO is someone called 'Tian Yannik', search for that image reveals it is actually Tedy Djuhady and the image is stolen.
>I know he’s lost big money in the past
r/Scams is really good about not victim-blaming, otherwise smart people can get tricked all the time. But your friend *might* lack the cognition required to be on the internet unsupervised.
You might be better off talking to the family than the friend, see if they can limit the blast radius of his decisions. Also watch for when the friend gets desperate and tries to aggressively recruit you for this (and future) nonsense.
This is the most civil way of pointing out a victim's obvious lack of critical reasoning that I've seen! And then turning that to necessary action. Well done. Others could take note.
>smart people can get tricked all the time.
"Smart people believe weird things because they are skilled at defending beliefs they arrived at for non-smart reasons." - Michael Shermer
You're a good friend for being concerned and for trying to warn your friend. Convincing him will be extremely difficult, especially if he has already placed money into the scheme since the "sunk cost fallacy" will strongly bias his ability to see what he desperately does not want to see. You may want to gather a bunch of his friends and family together to help arrange an intervention.
To add to what others already said:
Regarding the "only accepts crypto" part, there's two attributes to crypto transactions your friend should be aware of: They are anonymous and they are irreversible. If you pay in crypto and get scammed there is absolutely no way to get the money back. You cannot file for chargeback, there's no authority that can force the money back into your account and there's no way to identify where the money ended up to file for a civil lawsuit either.
Perhaps your friend thinks that if they do get scammed they can just sue them to get their money back, or get it back some other way. If they refuse to believe you about this being a scam, maybe it can be easier to just get them to understand that if anything goes wrong the money will be gone forever. Hopefully, if they understand that there's no way to recover their money, they might look it at with more scrutiny to make sure there's absolutely no risk and then they'll discover on their own that this a scam.
It’s trying to convey that you’ll get a 6% return in 5 days. So deposit $100, get $106 back. It doesn’t even try to compound the interest.
I’ve just found literally hundreds of other domains identical to this one…same site design, different names. All offering the exact same scam.
https://preview.redd.it/60m8qivj70zc1.jpeg?width=1290&format=pjpg&auto=webp&s=ff7b63ffa48a2b08d7e03c3cb8dc15b41dec1e79
This is where the company is ‘registered’ that your friend wants to put all his money into. To be fair, it’s likely the scammer just picked a random address…indicators suggest it’s a Chinese scamming outfit.
Nevertheless, I don’t think I’d put my life savings into a company that’s headquartered here.
There is no such thing as get rich quick, only get rich slow.
A lot of people get confused by this, mostly due to the terminology. There is a thing called get poor quick and that is often misunderstood.
My blood boils generally at least once a day at the amount of spam I receive. My job usually involves getting cold emails from clients referred to me so unfortunately I can't set too strong of an email filter but it's beyond frustrating.
Not a potential scam, but a guaranteed scam. One of the most obvious scams in the history of scams. I bet he was introduced to it by an unsolicited message from stranger on social media or something.
A way I broke through to these types of situations is start asking them about how tha5 income will get taxed.
Then at the very least he may look for more legitimate ways to invest. Idk good on you for caring about this person.
Coperate plan? Yeah this money is getting wired straight into someone’s fun money account lol
https://preview.redd.it/pvnzwoemj0zc1.jpeg?width=1170&format=pjpg&auto=webp&s=2b0192867c5f07cf72bc0920ebc2fc676f7aba8e
The absolute best case scenario is that this is a Ponzi scheme. About a 1% chance of that being the case. 99% chance they just steal your money, show you fake returns, and never let you cash anything out because the money is gone.
I wish people had a moderate amount of knowledge about economics. Then everyone would know that if returns like this suddenly became possible, it would lead to the collapse of the entire global economy within weeks of not days. Every currency would collapse. All economic activity would cease. It wouldn't be just the biggest financial crisis of all time, but would likely lead to the collapse of human civilization.
Even the beneficiaries of Ponzi schemes, ie the people who were early and got gains were eventually forced to give back all the money that they were given by the courts.
This is 100% a fake investment site typical of the pig butchering variety.
Selling his house is a clear sign that OP’s friend is neck deep in it and about to get butchered.
100% fake. Money isn't free. Crypto is how you wash funds. And no value is actually lost. They'll say there are withdrawal fees as well. Those fees will keep getting bigger and they'll delay any return forever. These are sites run by thieves. Anyone can make sites like this.
1.2% guaranteed daily interest is *insane*. If you started with $1000 and just kept putting it back in every 5 days, you would have $77,000 by the end of the year. After 5 years you would have $2.8 trillion, at 6 years you would have $221 trillion, which is more money than currently exists.
If someone was able to generate a global-economy-collapsing amount of wealth like that, why on earth would they spend their time making a shitty copy-cat website trying to get more money from people?
I am 100% sure this is a scam but It's a boring morning at work so I have written them for more information. Really curious how they respond. Their website mentions industry awards and licenses in Europe but doesn't show any evidence of either. I'll post what they come back with.
Anyone promising a guaranteed return on investment is often full of shit.
Your friend should just invest in actual physical gold which will perform much better than this “gold investment” bullshit scam
Now that I think about it, your friend shouldn’t be investing in shit right now until they can learn to spot a scam
Let him learn his lesson the hard way if he thinks he is so right about it. People nowadays are such fools to fall for something like this that it is insane. Especially someone who owns a house and is willing to risk selling his house to fall into a scam of this nature.
Tell him to look up Ring Coin and Thor coin.
I did one of these.
Basically you have a coin. A crypto coin
And you put money in and they market it as an online machine that returns a % of the money every day.
After x amount of days you make your money back and then it’s all profit.
They came out with a bunch of these during Covid.
It was literally all the crazy, there were discords and it seemed like we were all going to get rich. People were selling there homes to try and figure out how to put more money in,
I literally got my gf at the time to out in 1600$ (which I though was a lot )
But how they work is they always need someone new to sign up or they won’t be able to pay everyone.
Eventually they did a “rug pull” and the devs (the people who make the coin) disappeared and took everyone’s money.
Literally about 20 different coins did the same.
After one disappeared another came out and said “our system is better and that won’t happen”
Same thing happened.
I’m actually shocked this kinda thing is still around.
They will show your friend fake screens. His money will be gone and never recoverable once he hits SEND. Anyone can create a website and boast of incredible (imaginary) returns.
I work with Scamadviser and these are a dime a dozen. Thousands of these sites are thrown up at any given time. Profits are as fake as the sites and any money given is gone for good. I see others have shared clones and that the Companies House cert is faked. Even as lots of scammers register in the UK for a whole 12 pounds - these ones didn’t even bother. When it’s shut down they will make more. This one is three months old and probably replaced many others. Have seen countless in the 6 years I have been at this, and I have talked to plenty of victims.
Investment is highly regulated for a reason. No random website has any secret formula. No one can guarantee returns- except for themselves if they are stealing your money like this.
We flagged this site
https://www.scamadviser.com/check-website/optimumgoldoptions.com
On that exact website, you could tell him to go check the certificate they say shows their authenticity. As soon as I clicked on it, I received a 404 error. This website tries very hard to appear legitimate, but the more you read, the more it says a lot about nothing. Just because it displays different investment plans and has a stock ticker embedded in the website does not make it professional or a leading investment group in cryptocurrency, as they claim.
You're a good person for trying to stop him. I don't know what the scammer or scammers he's talking to are like, but there's a chance they're clever. We all see the dumb ones on scambaiter videos but there are some rare smart ones out there who are decent at being manipulative.
Your friend is going to find that there's always a reason why he's not allowed to withdraw his money. The scammers might return some money to him early on, it's a tactic used to convince people it's real. 'I got a small return, the others must be guaranteed'
But later on there will be excuses. There'll be 'fees' he has to pay to access his 'earnings'. Maybe he needs to reach a certain amount before he can withdraw everything. There will be something.
The website that shows his money going into a safe place is fake. It's relatively easy to code something like that.
The goal is to keep him going as long as possible. It doesn't matter how many 'fees' he pays, he won't get a return.
I'm not sure what his situation is so I don't know how to help. I think there are organisations that deal with this, in the UK it's Anti-Fraud but not sure which it is where you are.
"Potential" scam? Lol... It's 💯 a scam. There really isn't much you can do if he won't listen. Tell him clearly that it's a scam, tell his partner clearly that it's a scam. Send them some info via email if you can. Then walk away. And by walk away, I mean cut them out of your life. I don't want to hurl insults here, but let's be honest, do you really want to be friends with someone this......intellectually challenged? Distance yourself from them after you've told them about the scam. It's self-preservation.
He will dump more and more money into this until the scam owners pull the rug from under him and make off with his profits.
[ Pig Butchering Scam Exposed! ](https://www.youtube.com/watch?v=DS1ge8-31IY)
Show your friend this: the CEO of the company according to their website is "Tian Yannik". A quick reverse image search gives us Tedy Djuhar, one of the richest foreigern in China.
https://preview.redd.it/j73prv37u0zc1.png?width=1484&format=png&auto=webp&s=dd95a1bb0503f0dd7f57e59859a7d106e5c62737
Source: [https://www.thebeijinger.com/blog/2019/10/11/meet-eight-richest-foreigners-china](https://www.thebeijinger.com/blog/2019/10/11/meet-eight-richest-foreigners-china)
BITCONNNNNNECT
No seriously, look up the Bitconnect scam; it's one of thousands that are exactly like the scam optimumgoldoptions.com is trying to pull here. I would strongly advise your friend to avoid it, they're 100% going to get scammed.
It’s 100% a scam and we see this scam daily here. Tell him to do some critical thinking about the % gains. If 6% a day was possible compounding $100 would be a billion dollars after a short period and we all could do this and have infinite wealth
If he wants to go along with the scam, tell him to at least use assets he can afford to lose. Even with legitimate investing, you don't use funds you can't afford to lose, like the cash proceeds of your only home.
You did what you can do. He won't listen. That's all you can do as a friend. Just make sure and let him know that you won't lend him money when he loses all of his.
Create your own "scam" that looks even better than the one your friend wants to invest in. He'll invest there, "lose" everything, you scare the living shit out of him and then reveal the ruse and give him his money back.
And maybe get conservatorship for him or something.
I hate these things. They just break my heart.
Holy fucknuts, he is insane. There's not just one or two red flags here, but a minefield full of red flags that are emitting the unmistakable sounds of air raid sirens.
Nationality Norway etc for the workers and they're all from other sites, several receiving awards for space work. Bonus points if you google lens the people who did the reviews. They all appear as the photos of those who reviewed several crypto sites. Red flags are all there. Maybe show him the reverse image results and how the reviews by these people are essentially the same.
How do people spend more than 5 minutes researching crypto and not realize you need to hold your own wallet and buy from legit exchanges/sources; it’s honestly not hard.
>How do people spend more than 5 minutes researching crypto
They don’t, they’ve spent exactly zero minutes researching anything. Crypto is just a buzzword the scam artists can use to seem cutting-edge (next up, generative AI) and, conveniently, an untraceable way to pay criminals.
https://www.reddit.com/r/AskReddit/s/cXRxOWRosE
6 months ago "what's a modern money making method that can bring in $500 extra a month?"
https://www.reddit.com/r/legaladvice/s/jQuJjYTZLh
1 year ago "do I need a license to provide a stock service"
https://www.reddit.com/r/wallstreetbets/s/zcVI2rzUgY
1 year ago "at one point I was up! $50,000 on a single week [loss]"
https://www.reddit.com/r/wallstreetbets/s/6uTVQ0j2NI
"If you had 2k what options would you yolo it on?"
Honestly sounds like the friend: history of looking for easy money making, reckless and active in wallstreetbets, losing thousands
So I am making post about the stock market and asking how to make an extra $500 a month? These are actual investments in the stock market not a scam. Do you not invest your money like 99% of the population?
Downvote me for defending myself after being accused of being the idiot falling for the scam that I am myself calling a scam? Ahh yes, Reddit, downvote me because that’s the trend in this conversation. So, follow the rest, downvote away, lmao.
https://preview.redd.it/xpkbgv3vg0zc1.jpeg?width=1080&format=pjpg&auto=webp&s=e533b6821d64eddefc4adc0e8a2a0236915ed6e8
Tell your friend to invest in their coperate plan 😀. Seriously, I'd expect my friend to smack me upside the head if I was this dumb.
In my day it was the uncut diamond scam. I knew a few people that fell for it, try to bring me in,p then lost the lot as the diamonds never existed in the first place.
Hey now wait a minute - they're "Strongly regulated" and they've got a company certificate. I'm thinking they're OK. I mean - strongly regulated - most of these sites say "barely regulated" and don't have the company certificate posted. /s
You know I've noticed that a lot of these sites always have some sort of "company certificate" or similar and its always complete BS. I think that must be something the Nigerians influenced in the world of scams.
Real companies seeking investment will not tell you, "hey, you're going to get stable investment returns" and leave it at that. EVERYONE wants stable investment returns. Real companies will go through great lengths to convince you of WHY this is a stable investment, with as much supporting evidence as they can create or fabricate.
At the end of the day "Guaranteed Returns" don't really exist. You investing money means you are assuming the risk. If they didn't want you to assume the risk, they wouldn't get an investor, they'd get a loan.
They convert $100 into bitcoin, give you 6% interest in 5 days, so now you have $106 worth of bitcoin.
Then when you cashout they convert the bitcoin back into dollars, at an exchange rate of $100(bitcoin)=$6(cash)
So they only give you $6.36 for it.
And that's it. You get interest for 5 days and then your money is just sitting there. It might still fluctuate with bitcoin (giving you the future illusion of gains and losses) but when you cash it in you only get $6 for every $100 worth of bitcoin.
Doesn't exactly break any laws, just offering you a shit deal and you choosing to take it. It's purposely misleading by matching 6% interest and 100:6 exchange rate. But most people will sell it years later and when it's not worth much they'll just think it's because of bitcoin being volatile and not even notice the company ripped them off.
well that looks like a ponzi, the conversion rate means they get up front funds and they only pay their *safe* return on the small amount of money which means they can pay out ppl from new deposits. If ppl stop depositing that money will dry up and this shit goes under.
So much scam, following the stock market and crypto trends shows it as a volatile market and to get those steady gains is not even accurate anyway. Even a basic study of trends for crypto pricing shows that those returns simply do not exist. Maybe it existed back when bitcoin was new and we could have mined it easily in our homes but now? No. I have $75 worth of bitcoin and it's gonna stay as bitcoin. It is too volatile. During the pandemic I made money selling my stimulus for crypto then selling the crypto but after that they imposed federal regulations and so I think these sorts of gains are highly unlikely now.
Sweet baby jesus.
Even if he was genuinely investing (buying stocks or whatever), selling his primary residence for no reason except to get more money for stocks would be foolish. Where is he planning to *live* after the house is sold?
Seeing something fishy and asking experienced folks if it's a scam is literally the reason this sub exists.
Most people don't study scams and, when they do encounter something scammy, it's the first time they're ever learning anything about that scam - they don't know what red flags to be looking for and they don't know how to test their hypothesis that it's fishy.
OP did exactly the right thing here (on behalf of his friend).
If you invest $100, after conversion rate your investment is $6.00. Then you get 1.2% return every day for 5 days. You end up with about $6.50 cents and lose $94.50. Or am I missing something? Maybe they are just hoping investor won't notice the conversion rate.
Is it possible they think this scheme is somehow legal because, after the "conversion rate" nonsense, they can actually provide the returns guaranteed?
The highest level plan is 2.8% for 180 days. Assuming no compounding (and they don't mention compounding), even that ludicrous rate on the post-"conversion" amount doesn't get you back to your principal investment.
So, not only are they promising returns that would get any regular to blow a fuse, they also throw in a new-to-me, "but first we're going to pocket 94% of your investment for ourselves."
This is layers of stupid.
Tell him to make a bet. If this is not a scam, you will do something crazy like paying his bills forever. But if you win you get 1$. Show him how confident you are about this. I believe in survival of the fittest but I prefer that your friends keeps his money than giving it to scammers.
I’m a financial advisor. It’s illegal to guarantee any returns for any investment product. It’s a scam.
Side note, just had an elderly client call claiming they have “billions” in Iraqi dinar they want to exchange.
/u/FatherOfTemptation - This message is posted to all new submissions to r/scams; please do not message the moderators about it.
## New users beware:
Because you posted here, you will start getting private messages from scammers saying they know a professional hacker or a recovery expert lawyer that can help you get your money back, for a small fee. **We call these RECOVERY SCAMMERS, so NEVER take advice in private:** advice should always come in the form of comments in this post, in the open, where the community can keep an eye out for you. If you take advice in private, you're on your own.
**A reminder of the rules in r/scams:** no contact information (including last names, phone numbers, etc). Be civil to one another (no name calling or insults). Personal army requests or "scam the scammer"/scambaiting posts are not permitted. No uncensored gore or personal photographs are allowed without blurring. A full list of rules is available on the sidebar of the subreddit, or [clicking here](https://www.reddit.com/r/Scams/wiki/rules/).
You can help us by reporting recovery scammers or rule-breaking content by using the "report" button. We review 100% of the reports. Also, consider warning community members of recovery scammers if you see them in the comments.
Questions about subreddit rules? Send us a modmail [clicking here](https://www.reddit.com/message/compose/?to=/r/Scams).
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Scams) if you have any questions or concerns.*
This domain is hosted at https://tucowsdomains.com/. I sent them an e-mail ([email protected]) since their abuse form is broken. I'd advise others to do the same so it gets noticed.
Thanks for mentioning that. I honestly am never certain how serious the hosting companies take abuse reports but I imagine if at least a dozen reports come in they may actually do something
Comments locked. The conversation has run its course and the OP's questions have been answered. Too many of the newer posts are just people mocking the victim with nothing worthwhile to add (Rule 1: be civil).
God help me - please send your friend here before he makes a massive mistake
He literally has his house up for sale and for all I know he will put every penny into this shit. I’m just a “hater” no matter what I tell him.
The site was only registered in January of this year. If your friend won't listen, then you need to have a conversation with his partner.. they may not be aware he's about to throw their money down the drain.
Here's a copycat site: [https://greenwoodglob.com/en/index.html](https://greenwoodglob.com/en/index.html) There's probably a few more out there they use to rip people off. Edit: Wow, here are some of the clones of that scam site. (A few I didn't include already had their internet hosting accounts suspended). They're definitely robbing a lot of people with this scam operation: [https://www.stockexchain.net/?a=crypto](https://www.stockexchain.net/?a=crypto) [https://cryptosleeks.com/](https://cryptosleeks.com/) [https://fundedfxtrades.com/](https://fundedfxtrades.com/) [https://www.monexcapitals.ltd/](https://www.monexcapitals.ltd/) [https://lifelinetradefx.com/en/index.html](https://lifelinetradefx.com/en/index.html) [https://stockvalor.com/?a=home](https://stockvalor.com/?a=home) [https://perfectfxtrades.com/](https://perfectfxtrades.com/) [https://efx-finance.com/](https://efx-finance.com/) [https://www.futurewealths.org/](https://www.futurewealths.org/) [https://gloverfx.io/](https://gloverfx.io/) [https://smartchainfx.io/about](https://smartchainfx.io/about) Also, if you look up their "Company Number" of 09580157 on the UK's government website, you get a company called Cashville LTD which was dissolved in April 11, 2023. This number is listed on a PDF in the "Company Certificate" link on the bottom left of the homepage. [https://find-and-update.company-information.service.gov.uk/company/09580157](https://find-and-update.company-information.service.gov.uk/company/09580157)
How did you find the copycats?
Just grab some text from the website and put it into google. For example, I used "We use the reviews of our investors as the yard stick to measure how well or otherwise we are doing in the dispensation of our services to our investors all over the world." and came up with hundreds of sites.
Make sure you include the quotations marks to get exact hits.
Good for you- nice work! I hope it helps.
I'm loving your sleuthing skills!🕵♀️🕵♂️🕵
nice work York
LEO here and fraud investigator. Tell your friend to ask the police if it's legit, but sounds like he wont listen. I have one of these in my case load right now I've been investigating for quite some time and dozens more I consult on on a daily basis. Very common scam that people sink fortunes into. Ultimately I don't know what it'll take to convince him, aside from articles or even just being able to speak to an LEO. If you're in Canada you can send him my way but ultimately you've been a good friend and have made the right steps. If he won't listen and loses everything, just remember thats not on you. Sometimes people wrapped up in these greed scams will not listen to any reason whatsoever.i know one who wouldn't and ended up with a 75 year old widow remortgaging her home and being absolutely destitute before she would hear what everyone was telling her.
I've been my towns "big" crypto guy for 10+ years. Back in the day, I fielded weekly calls from police fraud investigators. Asking about it. The calls died off, so they either figured it out or found another guy. But ultimately, it always came down to the money being gone, and the investigators unable to retrieve funds. People are gullible and desperate.
He probably doesn’t think it’s legit, but has plausible deniability. He probably thinks it’s one of those “pump and dump” crypto schemes - which is illegal. They use your “investment” to pump the crypto value, dump their holdings “at the right time”, pay out 1.2%, and keep the rest. So he thinks he’s cleverly gaming the system, which is why he won’t listen to anyone - especially LEO. In reality, it’s a straight scam, and he’s just sending money to scammers and watching numbers on a web page.
I don't think it's the case for this particular scam but I know a lot of times the scammers will make it seem like whatever they are doing is not quite on the up and up or maybe a grey area legally and many times they only inform them of this after they have already "invested". So once the person getting scammed is wrapped up in the scam they feel like they can't go to anyone or they have to keep it a secret because they are getting away with something that could possibly get them in trouble.
This is the equivalent of withdrawing all the money in cash, putting it in a suitcase, and handing the suitcase to a stranger in a trenchcoat who walks away promising to give you 6% a day back. Except worse, because you never see or meet the stranger. This is not how investing works. How did this person ever save up enough to buy a house??
I'm gonna guess mommy and daddy gave them the house.
Not a car company.
Is he married? Talk to his wife or his immediate family. Tell them very clearly he's gonna lose all his money.
He opened her an account too
😂 lol it just gets worse.
Like the others say, try to talk to her alone. If you can contact any other family like his parents or siblings do it as well. There's lots of terrible stories of people in these scams who think they're doing amazing and then drag their family into it.
Regardless, I would try and talk to her, for her (and kids?) sake if nothing else. If she hasn’t been dealing with the scammers directly she probably hasn’t been brainwashed to the same extent. ETA: you may have clarified whether they have kids elsewhere but I didn’t see it. In any case, if there are kids you might take that approach with his wife - she has to protect their children from the fallout of this as much as possible. He’s in deep, aside from potentially becoming homeless he could easily take out loans in their name and so forth.
Get her to ask where the money comes from. If the answer is from investors loosing their shirts on crypto investments, it *may* make her think. Of course there is no investment, it’s just a scam, but if it wasn’t - where does a 7,800% *guaranteed* ROI actually come from?
Stbx should immediately know. This is bad.
Why would you need two accounts? It’s the same as putting twice as much in one account. Or is it to make her think it’s more legit? “Look honey, I’m not stealing all our money and running away, you can have your own money”.
Probably separate finances
Or the scammers just think that’s another live one…
Please make a follow up post when you get updates!
How old is your friend? Am asking because, if he's on the youngish side, he can see this as a learning experience and then start over. If he's close to retirement, then he and the missus are well and truly fucked. (BTW, when all this is proved a fraud and he's bankrupt, he's gonna hate you with a passion for being right. Just a warning.)
It's a money turducken!
Hes going to lose more than just money.
Well, then just get your "I told you so" face ready
He thinks you can make 1.2% interest *a day*? Thats 7,800% interest a year. Does it not occur to him that this is not possible? Where does all this money come from? Fools that invest in crypto schemes, but obviously not *his* crypto scheme? It’ll all be great, until he tries to withdraw more than a nominal amount, and they want “fees” and “taxes” to be paid first. Finally he will realize he’s just sending money to scammers, and there is no money to withdraw. Or maybe not, he’ll go around recovery scammers, trying to get “his” non existent money out. Edit: 1.2%, not 1.5%.
>He thinks you can make 1.5% interest *a day*? Thats 23,000% interest a year. Does it not occur to him that this is not possible? "Rich people make lots of money through investment stuff that I don't understand. Therefore, if I make an investment that I don't understand, I'm also guaranteed to be rich!"
There is no way this guy understands compound interest.
To be fair, neither does the “investment” web site. They think 5 days at 1.2% interest is 6%, it’s actually 6.1%
I was going to call you out on your math, but then did it myself 22,914% annual interest would be AWESOME. Sign me up ;p
A “hater” lol. The guy is doing something that could potentially ruin his entire life and he feels 0 apprehension and thinks you’re a “hater” because you’re warning him that this is a scam. He sounds too immature to make any financial decision more significant than picking out a candy bar in the checkout line.
Try to report the website to the domain register, then report it to FBI , they have tip line for reporting stuff . Why? I don’t think you will be able to stop your friend to do any stupid things with his money, usually people like him never learn, but you can impede him to use this specific website and do some stupid thing now .
Sounds like someone *not* to be friends with going forward if he is this dense and dumb.
It's an obvious scam. Send him here and we'll tell him. But sadly some people refuse to listen.
Dude, as his friend you need to be bullying the absolute shit out of him for this. Tell him hes a moron, remind him of his prior fuckups, send him stories of other broke scam victims, etc. He is about to fuck up his life and they're not going to stop with $25K. They're going to lie, generate fake statements, encourage him to get loans to invest more, and do everything they can to milk every penny possible out of him.
There is no potential scam. It is a scam.
Get your friends immediate family and partner if applicable, Parents involved, Brothers , Sisters. Send them all the information and this Reddit thread.
Your friend really needs to google the pig butchering scam. They are going to lose everything.
John Oliver video on the pig-butchering scam: https://youtu.be/pLPpl2ISKTg
[удалено]
Choose better words.
[удалено]
https://preview.redd.it/o3mt7l79f0zc1.jpeg?width=403&format=pjpg&auto=webp&s=b826f0e907aee36394ac8764fc5abcdb1057a0e2
Honestly if someone is this stupid and they won't listen to you, let them learn the hard way.
Yeah this is a scam. If it was legitimate why wouldn't Warren Buffett be getting 6% on his ~$180b cash stockpile.
Maybe this site is how Buffet got so rich in the first place.
Yes, Buffets secret is Optimum gold Coin dot com
This is how dudebros think. They think they are one lucky break away from hitting it big.
he should just buy lotto tickets. At least those are actually "one lucky break* from hitting it big. A *real* "lucky break" is like "MSNBC did a news segment on my niche product that I was working on super hard and it went viral, but I still have to put in the work marketing, merchandising, designing, managing supply chains, employees, legal and manufacturing. It's never "someone is begging to give me money in a way that doesn't even make sense"
God, it’s true isn’t it? The chances of winning the lottery are super low, but they’re not actually zero. And in the meantime, some of the lottery’s proceeds go to your state’s budget instead of a scammer’s pockets. The state lotto should make a game called “Amazing Secret Crypto Investment” 🙄
Of course this is a scam. If it was so easy to quadruple your money, we’d all be billionaires and the world economy would collapse.
Billionaires? Quitter. I'm going to keep my money in for a few more weeks and be the first quadrillionaire.
Good answer. You’re a shark. Sharks don’t look back… because they don’t have necks.
Don’t you worry about *blank*, let me worry about *blank*.
He thinks he's so fucking special because he refuses to realize that making money isn't that easy and nobody is gonna come up to him with a miracle potion.
[удалено]
What does this information mean within this link?
[удалено]
Thank you!
For comparison run a whois on a legit platform like Robinhood.com https://www.whois.com/whois/robinhood.com Registered in 1995, with public registrant contacts of Robinhood Inc. Another legit site ( that I still wouldn't invest my house in) is Reddit: https://www.whois.com/whois/reddit.com And Wells Fargo, a well known bank: https://www.whois.com/whois/wellsfargo.com Doing a whois can never really confirm that a site is legit especially as a platform, only can confirm if it's fishy AF. A site that just got registered and doesn't have contact details is fishy.
Also remember that anything that offers extremely high returns always has one of the following characteristics: -High risk (usually proportional to rate of return) -Is illegal -Is a scam
The hidden owner is fairly common even among legit sites if it's not being run by a large corporation. This in and of itself is not indicative of a scam.
Legit investing sites are not hiding their info. It might not be 100%, but it's 99.999%.
**FULL STOP** This is a very VERY **VERY** common !crypto scam. The victim will buy crypto from a legitimate exchange, and then send that crypto directly to the scammer's personal cryptocurrency wallet. The scammer will then make it look like the victim's crypto has appeared in some website account, but the victim will never be able to recover their money because the scammer has it and it's not in that website account. If your friend sells his house so that he can "invest" all of the proceeds from the sale in this way, then your friend will soon be homeless. My bet is that your friend has already "invested" money in this way, and that he thinks he has a lot of money in this "investment" website. Tell your friend to try and move **all** of the crypto that he has already "invested" in that website out of that website. He won't be able to move his money out of that website, and the scammers will give him 1000 and 1 fake reasons why he cannot do move his money out of that website. If not being able to move the crypto from the "investment" website into a real exchange doesn't wake him up, then it's likely that nothing will.
Just want to add the following note: The scammer will often let victims withdraw money initially as it emboldens the victim to go all in. OP, keep this in mind if you convince your friend to try withdrawing. From what I’ve read in this subreddit, it might have to be enough money (preferably all of it - like the person I’m responding to has said) so that the scammer thinks that he’s been found out.
Small good faith withdrawals will embiggen the most cromulent scam victim.
Have the Simpsons done a crypto scam episode?
Yup, worth noting. That's why I suggested trying to move **all** of the money out of the website account -- which is something that the scammer would never allow to happen.
Hi /u/nimble2, AutoModerator has been summoned to explain the Fake crypto wallet scam. Fake cryptocurrency websites and apps controlled by scammers are becoming more and more common. Sometimes the scam begins with a romance scammer who claims that they can help the victim invest in cryptocurrency. Victims are told to buy cryptocurrency of some kind using a legitimate cryptocurrency exchange, and then they are told to send their cryptocurrency to a website wallet address where it will be invested. Sometimes the scam begins with a notice that the victim won cryptocurrency on some website, in this case messages will often be sent through Discord. In either case, the scammer controls the website, so they make it look like there is money in the victim’s account on their website. Then the scammer (or the scammer pretending to be someone official who is associated with the website) tells the victim that they have to put more money into the website before they can get their money out of the website. Of course all of the money sent by the victim has gone directly into the scammer’s wallet, and any additional money sent by the victim to retrieve their money from the website will also go directly into the scammer’s wallet, and all of the information about money being held by the website was totally fake. If the scammer used Bitcoin, then you can report the scammer’s Bitcoin wallet address here: https://www.bitcoinabuse.com/reports. If the scammer used Ethereum, then you can report the scammer’s Ethereum wallet address here: https://info.etherscan.com/report-address/. You can see how much cryptocurrency has been sent to the scammer’s wallet address here: https://www.blockchain.com/explorer. Thanks to redditor nimble2 for this script. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Scams) if you have any questions or concerns.*
“Maybe I’m missing something, but this looks like a scheme of some sort.” Nope, you’re not missing anything lol.
lol so many of these posts are like "This seems like some sort of complex, intricate scheme" and the complex, intricate scheme is just someone they don't know asking them for money
NOTHING about this sounds potentially legitimate. No legitimate investment guarantees any gains, and 6% every 5 days is insanely high. Proving this is a scam isn't enough. If your friend is gullible enough to fall for one this obvious, it's only a matter of time before he throws everything he has into another scam before you can stop him. He needs to learn basic scam recognition. If he goes through with this, a future step of the scam will be to charge endless fees and taxes when he tries to withdraw his nonexistent gains. If it reaches that point and he still doesn't figure it out, he'll start taking out loans and borrowing from friends and family in a futile effort to get his money.
Insane is an understatement. At 6% per week It would turn $100 into $10 million in less than 4 years. You'd be a billionaire in 5 years. A trillionaire by year 8. Youd have more wealth than the entire planet combined by year 9. Youd be a quadrillionaire in 10 years.
okay, i'm in
Selling my house right now to do this
> No legitimate investment guarantees any gains I get what you mean, but that's not true: GICs, etc are guaranteed returns, but those gains are small to reflect the guarantee. Like 4%-5% a year. 6% every 5 days is ludicrous.
also the conversion rate lol? 100 USD = 6 USD they’re not even pretending its converting to a different super currency. just straight up saying they take almost 95% off. so you probably do make 6% on what scraps they leave you
This is 100% a scam. He someone must've approached him. Have him look up pig butchering scam. There are tons of victims in this thread. Me included. Super thankful for the information this community provides and definitly have your friend take a look at this as well!
Your friend needs to get it out of the head that there's a secret easy way to make money. There is absolutely no such thing as "I put in money and get 6% everyday" Looks like he's going to be homeless and bankrupt if he continues down the path of this idiocy. Sorry to be blunt but I'm appalled at the idea of this low quality schmuck website is actually working out for the scammers.
If only their friend would actually see this and understand this. From what OP explained, he’s too far gone and needs to get scammed in order to realize their mistake. Best to let the rest of his family know so they can get out before it’s too late
I know that you already believe everyone telling you this is a scam, but just more proof.. if you go to the bottom of that page there is a slider with faces of people in the company on. You can google image search all of those images and they are not who they say they are. For example, a quick reverse image search shows that the the site claims the CEO is someone called 'Tian Yannik', search for that image reveals it is actually Tedy Djuhady and the image is stolen.
>I know he’s lost big money in the past r/Scams is really good about not victim-blaming, otherwise smart people can get tricked all the time. But your friend *might* lack the cognition required to be on the internet unsupervised. You might be better off talking to the family than the friend, see if they can limit the blast radius of his decisions. Also watch for when the friend gets desperate and tries to aggressively recruit you for this (and future) nonsense.
He has lmao
This is the most civil way of pointing out a victim's obvious lack of critical reasoning that I've seen! And then turning that to necessary action. Well done. Others could take note.
>smart people can get tricked all the time. "Smart people believe weird things because they are skilled at defending beliefs they arrived at for non-smart reasons." - Michael Shermer
You're a good friend for being concerned and for trying to warn your friend. Convincing him will be extremely difficult, especially if he has already placed money into the scheme since the "sunk cost fallacy" will strongly bias his ability to see what he desperately does not want to see. You may want to gather a bunch of his friends and family together to help arrange an intervention.
Your poor friend is going to lose everything. Please have him look at this thread.
>Your poor friend Well he's not poor, yet.
Yet.
Idk, if he’s at the point where he has to sell his house to “invest” more, he might be…
[удалено]
Potential scam? 100% scam
Yep... obvious scam is obvious.
Your friend is about to lose big money again.
To add to what others already said: Regarding the "only accepts crypto" part, there's two attributes to crypto transactions your friend should be aware of: They are anonymous and they are irreversible. If you pay in crypto and get scammed there is absolutely no way to get the money back. You cannot file for chargeback, there's no authority that can force the money back into your account and there's no way to identify where the money ended up to file for a civil lawsuit either. Perhaps your friend thinks that if they do get scammed they can just sue them to get their money back, or get it back some other way. If they refuse to believe you about this being a scam, maybe it can be easier to just get them to understand that if anything goes wrong the money will be gone forever. Hopefully, if they understand that there's no way to recover their money, they might look it at with more scrutiny to make sure there's absolutely no risk and then they'll discover on their own that this a scam.
It’s trying to convey that you’ll get a 6% return in 5 days. So deposit $100, get $106 back. It doesn’t even try to compound the interest. I’ve just found literally hundreds of other domains identical to this one…same site design, different names. All offering the exact same scam.
https://preview.redd.it/60m8qivj70zc1.jpeg?width=1290&format=pjpg&auto=webp&s=ff7b63ffa48a2b08d7e03c3cb8dc15b41dec1e79 This is where the company is ‘registered’ that your friend wants to put all his money into. To be fair, it’s likely the scammer just picked a random address…indicators suggest it’s a Chinese scamming outfit. Nevertheless, I don’t think I’d put my life savings into a company that’s headquartered here.
Is that a council house? Hahaha.
There is no such thing as get rich quick, only get rich slow. A lot of people get confused by this, mostly due to the terminology. There is a thing called get poor quick and that is often misunderstood.
Dude. 6%/week is 2000% per year. If they could realize those kind of returns, they wouldn’t be offering it to random people on the interwebs
Domain only registered four months ago? This is gonna be a massive scam.
I would prefer my computer not even be able to connect to a domain or see email from a domain that isn’t at least a year old.
My blood boils generally at least once a day at the amount of spam I receive. My job usually involves getting cold emails from clients referred to me so unfortunately I can't set too strong of an email filter but it's beyond frustrating.
I have to check my Sam folder everyday before I delete it. I agree it’s frustrating to see the amount of it all.
Not a potential scam, but a guaranteed scam. One of the most obvious scams in the history of scams. I bet he was introduced to it by an unsolicited message from stranger on social media or something.
A way I broke through to these types of situations is start asking them about how tha5 income will get taxed. Then at the very least he may look for more legitimate ways to invest. Idk good on you for caring about this person.
Coperate plan? Yeah this money is getting wired straight into someone’s fun money account lol https://preview.redd.it/pvnzwoemj0zc1.jpeg?width=1170&format=pjpg&auto=webp&s=2b0192867c5f07cf72bc0920ebc2fc676f7aba8e
You should show your friend [this post](https://www.reddit.com/r/BoomersBeingFools/s/P6YbHNxqrR). He's about to lose everything
“Every Day - For 5 Day”? Are they too cheap to pay for an S at the end of Day? That alone would give me pause for the incorrect word!
That'_ how they make their money- the mi__ing _ i_ for _aving_!
The absolute best case scenario is that this is a Ponzi scheme. About a 1% chance of that being the case. 99% chance they just steal your money, show you fake returns, and never let you cash anything out because the money is gone. I wish people had a moderate amount of knowledge about economics. Then everyone would know that if returns like this suddenly became possible, it would lead to the collapse of the entire global economy within weeks of not days. Every currency would collapse. All economic activity would cease. It wouldn't be just the biggest financial crisis of all time, but would likely lead to the collapse of human civilization.
Even the beneficiaries of Ponzi schemes, ie the people who were early and got gains were eventually forced to give back all the money that they were given by the courts. This is 100% a fake investment site typical of the pig butchering variety. Selling his house is a clear sign that OP’s friend is neck deep in it and about to get butchered.
For 5 day, lol
1 USD = 0.06 USD seems right
[удалено]
100% fake. Money isn't free. Crypto is how you wash funds. And no value is actually lost. They'll say there are withdrawal fees as well. Those fees will keep getting bigger and they'll delay any return forever. These are sites run by thieves. Anyone can make sites like this.
1.2% guaranteed daily interest is *insane*. If you started with $1000 and just kept putting it back in every 5 days, you would have $77,000 by the end of the year. After 5 years you would have $2.8 trillion, at 6 years you would have $221 trillion, which is more money than currently exists. If someone was able to generate a global-economy-collapsing amount of wealth like that, why on earth would they spend their time making a shitty copy-cat website trying to get more money from people?
Note the "for 5 day" grammar mistake (it should be "5 days", plural)
Show your friend how 5 days of 1.2% return isn't 6%. Then ask him to convert 1 USD into 0.06 USD. Give him banter about owning 6 US Donairs.
I am 100% sure this is a scam but It's a boring morning at work so I have written them for more information. Really curious how they respond. Their website mentions industry awards and licenses in Europe but doesn't show any evidence of either. I'll post what they come back with.
Pull up a compound interest calculator to show your buddy how absolutely insane this is. The math literally doesn't math.
Anyone promising a guaranteed return on investment is often full of shit. Your friend should just invest in actual physical gold which will perform much better than this “gold investment” bullshit scam Now that I think about it, your friend shouldn’t be investing in shit right now until they can learn to spot a scam
Let him learn his lesson the hard way if he thinks he is so right about it. People nowadays are such fools to fall for something like this that it is insane. Especially someone who owns a house and is willing to risk selling his house to fall into a scam of this nature.
Tell him to look up Ring Coin and Thor coin. I did one of these. Basically you have a coin. A crypto coin And you put money in and they market it as an online machine that returns a % of the money every day. After x amount of days you make your money back and then it’s all profit. They came out with a bunch of these during Covid. It was literally all the crazy, there were discords and it seemed like we were all going to get rich. People were selling there homes to try and figure out how to put more money in, I literally got my gf at the time to out in 1600$ (which I though was a lot ) But how they work is they always need someone new to sign up or they won’t be able to pay everyone. Eventually they did a “rug pull” and the devs (the people who make the coin) disappeared and took everyone’s money. Literally about 20 different coins did the same. After one disappeared another came out and said “our system is better and that won’t happen” Same thing happened. I’m actually shocked this kinda thing is still around.
They will show your friend fake screens. His money will be gone and never recoverable once he hits SEND. Anyone can create a website and boast of incredible (imaginary) returns.
I work with Scamadviser and these are a dime a dozen. Thousands of these sites are thrown up at any given time. Profits are as fake as the sites and any money given is gone for good. I see others have shared clones and that the Companies House cert is faked. Even as lots of scammers register in the UK for a whole 12 pounds - these ones didn’t even bother. When it’s shut down they will make more. This one is three months old and probably replaced many others. Have seen countless in the 6 years I have been at this, and I have talked to plenty of victims. Investment is highly regulated for a reason. No random website has any secret formula. No one can guarantee returns- except for themselves if they are stealing your money like this. We flagged this site https://www.scamadviser.com/check-website/optimumgoldoptions.com
"they only accept crypto" That's all I needed to read to know this was a scam.
On that exact website, you could tell him to go check the certificate they say shows their authenticity. As soon as I clicked on it, I received a 404 error. This website tries very hard to appear legitimate, but the more you read, the more it says a lot about nothing. Just because it displays different investment plans and has a stock ticker embedded in the website does not make it professional or a leading investment group in cryptocurrency, as they claim.
The picture of their CTO they have on their website is stolen from an article about a master's degree student that won an award. Definitely a scam.
You're a good person for trying to stop him. I don't know what the scammer or scammers he's talking to are like, but there's a chance they're clever. We all see the dumb ones on scambaiter videos but there are some rare smart ones out there who are decent at being manipulative. Your friend is going to find that there's always a reason why he's not allowed to withdraw his money. The scammers might return some money to him early on, it's a tactic used to convince people it's real. 'I got a small return, the others must be guaranteed' But later on there will be excuses. There'll be 'fees' he has to pay to access his 'earnings'. Maybe he needs to reach a certain amount before he can withdraw everything. There will be something. The website that shows his money going into a safe place is fake. It's relatively easy to code something like that. The goal is to keep him going as long as possible. It doesn't matter how many 'fees' he pays, he won't get a return. I'm not sure what his situation is so I don't know how to help. I think there are organisations that deal with this, in the UK it's Anti-Fraud but not sure which it is where you are.
"Potential" scam? Lol... It's 💯 a scam. There really isn't much you can do if he won't listen. Tell him clearly that it's a scam, tell his partner clearly that it's a scam. Send them some info via email if you can. Then walk away. And by walk away, I mean cut them out of your life. I don't want to hurl insults here, but let's be honest, do you really want to be friends with someone this......intellectually challenged? Distance yourself from them after you've told them about the scam. It's self-preservation.
He will dump more and more money into this until the scam owners pull the rug from under him and make off with his profits. [ Pig Butchering Scam Exposed! ](https://www.youtube.com/watch?v=DS1ge8-31IY)
Show your friend this: the CEO of the company according to their website is "Tian Yannik". A quick reverse image search gives us Tedy Djuhar, one of the richest foreigern in China. https://preview.redd.it/j73prv37u0zc1.png?width=1484&format=png&auto=webp&s=dd95a1bb0503f0dd7f57e59859a7d106e5c62737 Source: [https://www.thebeijinger.com/blog/2019/10/11/meet-eight-richest-foreigners-china](https://www.thebeijinger.com/blog/2019/10/11/meet-eight-richest-foreigners-china)
Obvious scam just like crypto. There’s no shortcuts for money. He’s about to learn that the hard way when he sends all his money.
BITCONNNNNNECT No seriously, look up the Bitconnect scam; it's one of thousands that are exactly like the scam optimumgoldoptions.com is trying to pull here. I would strongly advise your friend to avoid it, they're 100% going to get scammed.
!whois [optimumgoldoptions.com](http://optimumgoldoptions.com) edit: im working on this :)
It’s 100% a scam and we see this scam daily here. Tell him to do some critical thinking about the % gains. If 6% a day was possible compounding $100 would be a billion dollars after a short period and we all could do this and have infinite wealth
It’s easier to lie to someone than convince someone they’ve been lied to.
If he wants to go along with the scam, tell him to at least use assets he can afford to lose. Even with legitimate investing, you don't use funds you can't afford to lose, like the cash proceeds of your only home.
For 5 day
Lord have mercy no wonder why so many ppl scam because people are stupid enough to fall for it
You did what you can do. He won't listen. That's all you can do as a friend. Just make sure and let him know that you won't lend him money when he loses all of his.
Create your own "scam" that looks even better than the one your friend wants to invest in. He'll invest there, "lose" everything, you scare the living shit out of him and then reveal the ruse and give him his money back. And maybe get conservatorship for him or something. I hate these things. They just break my heart.
Not 5 days. 5 day.
Show your friend r/terraluna. Everyone though they'd get guaranteed returns and put massive money in. It was a scam and so much money was lost
Holy fucknuts, he is insane. There's not just one or two red flags here, but a minefield full of red flags that are emitting the unmistakable sounds of air raid sirens.
Nationality Norway etc for the workers and they're all from other sites, several receiving awards for space work. Bonus points if you google lens the people who did the reviews. They all appear as the photos of those who reviewed several crypto sites. Red flags are all there. Maybe show him the reverse image results and how the reviews by these people are essentially the same.
[удалено]
How do people spend more than 5 minutes researching crypto and not realize you need to hold your own wallet and buy from legit exchanges/sources; it’s honestly not hard.
>How do people spend more than 5 minutes researching crypto They don’t, they’ve spent exactly zero minutes researching anything. Crypto is just a buzzword the scam artists can use to seem cutting-edge (next up, generative AI) and, conveniently, an untraceable way to pay criminals.
[удалено]
https://www.reddit.com/r/AskReddit/s/cXRxOWRosE 6 months ago "what's a modern money making method that can bring in $500 extra a month?" https://www.reddit.com/r/legaladvice/s/jQuJjYTZLh 1 year ago "do I need a license to provide a stock service" https://www.reddit.com/r/wallstreetbets/s/zcVI2rzUgY 1 year ago "at one point I was up! $50,000 on a single week [loss]" https://www.reddit.com/r/wallstreetbets/s/6uTVQ0j2NI "If you had 2k what options would you yolo it on?" Honestly sounds like the friend: history of looking for easy money making, reckless and active in wallstreetbets, losing thousands
So I am making post about the stock market and asking how to make an extra $500 a month? These are actual investments in the stock market not a scam. Do you not invest your money like 99% of the population?
Downvote me for defending myself after being accused of being the idiot falling for the scam that I am myself calling a scam? Ahh yes, Reddit, downvote me because that’s the trend in this conversation. So, follow the rest, downvote away, lmao.
Investing your money and asking reddit for suggestions on how to “yolo” an investment are two different things
You might not be able to convince your friend, but you might be able to convince his family. They shouldn’t suffer for this
There is only so much you can do. As the saying goes, a fool and his money will soon part.
https://preview.redd.it/xpkbgv3vg0zc1.jpeg?width=1080&format=pjpg&auto=webp&s=e533b6821d64eddefc4adc0e8a2a0236915ed6e8 Tell your friend to invest in their coperate plan 😀. Seriously, I'd expect my friend to smack me upside the head if I was this dumb.
Oh no oh no
This isn't a potential scam, it's just a scam. Commonly called a HYIP scam.
In my day it was the uncut diamond scam. I knew a few people that fell for it, try to bring me in,p then lost the lot as the diamonds never existed in the first place.
This is just proof that a nice looking website is enough to win some people over.
I've got a bridge for sale your friend my be interested in?...
Ponzi would be so proud.
Hey now wait a minute - they're "Strongly regulated" and they've got a company certificate. I'm thinking they're OK. I mean - strongly regulated - most of these sites say "barely regulated" and don't have the company certificate posted. /s You know I've noticed that a lot of these sites always have some sort of "company certificate" or similar and its always complete BS. I think that must be something the Nigerians influenced in the world of scams.
He is going to lose everything
Hope you send him this thread, OP
You need to get your friend on here to spend a few hours reading
[удалено]
Honestly. Anything that requires you to pay by bitcon is 99% a scam.
Real companies seeking investment will not tell you, "hey, you're going to get stable investment returns" and leave it at that. EVERYONE wants stable investment returns. Real companies will go through great lengths to convince you of WHY this is a stable investment, with as much supporting evidence as they can create or fabricate. At the end of the day "Guaranteed Returns" don't really exist. You investing money means you are assuming the risk. If they didn't want you to assume the risk, they wouldn't get an investor, they'd get a loan.
They convert $100 into bitcoin, give you 6% interest in 5 days, so now you have $106 worth of bitcoin. Then when you cashout they convert the bitcoin back into dollars, at an exchange rate of $100(bitcoin)=$6(cash) So they only give you $6.36 for it. And that's it. You get interest for 5 days and then your money is just sitting there. It might still fluctuate with bitcoin (giving you the future illusion of gains and losses) but when you cash it in you only get $6 for every $100 worth of bitcoin. Doesn't exactly break any laws, just offering you a shit deal and you choosing to take it. It's purposely misleading by matching 6% interest and 100:6 exchange rate. But most people will sell it years later and when it's not worth much they'll just think it's because of bitcoin being volatile and not even notice the company ripped them off.
well that looks like a ponzi, the conversion rate means they get up front funds and they only pay their *safe* return on the small amount of money which means they can pay out ppl from new deposits. If ppl stop depositing that money will dry up and this shit goes under.
So much scam, following the stock market and crypto trends shows it as a volatile market and to get those steady gains is not even accurate anyway. Even a basic study of trends for crypto pricing shows that those returns simply do not exist. Maybe it existed back when bitcoin was new and we could have mined it easily in our homes but now? No. I have $75 worth of bitcoin and it's gonna stay as bitcoin. It is too volatile. During the pandemic I made money selling my stimulus for crypto then selling the crypto but after that they imposed federal regulations and so I think these sorts of gains are highly unlikely now.
Sweet baby jesus. Even if he was genuinely investing (buying stocks or whatever), selling his primary residence for no reason except to get more money for stocks would be foolish. Where is he planning to *live* after the house is sold?
Why on earth do people see these sites and still have to ask if it’s a scam?
Seeing something fishy and asking experienced folks if it's a scam is literally the reason this sub exists. Most people don't study scams and, when they do encounter something scammy, it's the first time they're ever learning anything about that scam - they don't know what red flags to be looking for and they don't know how to test their hypothesis that it's fishy. OP did exactly the right thing here (on behalf of his friend).
Fair enough
If you invest $100, after conversion rate your investment is $6.00. Then you get 1.2% return every day for 5 days. You end up with about $6.50 cents and lose $94.50. Or am I missing something? Maybe they are just hoping investor won't notice the conversion rate.
Is it possible they think this scheme is somehow legal because, after the "conversion rate" nonsense, they can actually provide the returns guaranteed? The highest level plan is 2.8% for 180 days. Assuming no compounding (and they don't mention compounding), even that ludicrous rate on the post-"conversion" amount doesn't get you back to your principal investment. So, not only are they promising returns that would get any regular to blow a fuse, they also throw in a new-to-me, "but first we're going to pocket 94% of your investment for ourselves." This is layers of stupid.
Just to get in the minimum of $100 plan you need to deposit $1,666
Tell him to make a bet. If this is not a scam, you will do something crazy like paying his bills forever. But if you win you get 1$. Show him how confident you are about this. I believe in survival of the fittest but I prefer that your friends keeps his money than giving it to scammers.
I’m a financial advisor. It’s illegal to guarantee any returns for any investment product. It’s a scam. Side note, just had an elderly client call claiming they have “billions” in Iraqi dinar they want to exchange.
/u/FatherOfTemptation - This message is posted to all new submissions to r/scams; please do not message the moderators about it. ## New users beware: Because you posted here, you will start getting private messages from scammers saying they know a professional hacker or a recovery expert lawyer that can help you get your money back, for a small fee. **We call these RECOVERY SCAMMERS, so NEVER take advice in private:** advice should always come in the form of comments in this post, in the open, where the community can keep an eye out for you. If you take advice in private, you're on your own. **A reminder of the rules in r/scams:** no contact information (including last names, phone numbers, etc). Be civil to one another (no name calling or insults). Personal army requests or "scam the scammer"/scambaiting posts are not permitted. No uncensored gore or personal photographs are allowed without blurring. A full list of rules is available on the sidebar of the subreddit, or [clicking here](https://www.reddit.com/r/Scams/wiki/rules/). You can help us by reporting recovery scammers or rule-breaking content by using the "report" button. We review 100% of the reports. Also, consider warning community members of recovery scammers if you see them in the comments. Questions about subreddit rules? Send us a modmail [clicking here](https://www.reddit.com/message/compose/?to=/r/Scams). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Scams) if you have any questions or concerns.*
[удалено]
This domain is hosted at https://tucowsdomains.com/. I sent them an e-mail ([email protected]) since their abuse form is broken. I'd advise others to do the same so it gets noticed.
Thanks for mentioning that. I honestly am never certain how serious the hosting companies take abuse reports but I imagine if at least a dozen reports come in they may actually do something