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Investment Scam

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Investment Scam Reports & Reviews (110)

• Apr 29, 2024
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I was invited to an investment group and assured that initially, the first 100 days of stock advice would be free in an effort to prove themselves credible. After that a contract would be signed to pay them a percentage of my profits. This was a pump and dump situation. After a few successful buy and sell opportunities, on Fri, April 12, I was asked to invest in IZM stock at $40.77. I bought 183 shares. Mon, April 15, I bought 100 more shares at $47.50. total investment of $17,014.53 CDN. the shares were to be held for a few days and then sold by the end of the week for a proposed 100% profit. It did rise for the next day. Woke up on April 17 to see the stock price had plummeted after 10s of millions of shares were dumped. I was instructed to sell ASAP. If instructions were not followed, there would be no further stock advice. I sold 283 shares at $4.58. Lost $15,271.07. I was told any loss incurred from their advice would be covered. No longer getting messages from either Wisdom Capital or Elena Ross, the "investment assistant".

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- Winston Salem, NC, USA • Apr 29, 2024
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I invested in bitcoin first I invested $500 then I increased to the `$5000.00 category. Then they made me pay a $3000 fee. They wont let me take any of my money out of my account.

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- Indianola, IA, USA • Apr 26, 2024
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I gave them all information and set up an LLC, etc.. like they asked. They have my EIN, etc... and I'm dissolving the company. They worked under multiple names and addresses. They asked me to shut up and sent me a wire transfer for 10k to be quiet. I don't want anyone else to loose money. I know lots of people that are in the same boat... they have lost money and they are still saying they are getting their business running. When they started telling me they had it launched and it was making money, then backtracked and never paid me I knew it was a lost cause. I know people who "bought" this opportunity over a year ago, and still haven't gotten paid. They are a huge ponzi, and continue to take people.s money. When you find out about them, they block you on social media, and from the information. They have to change their names as well. I have multiple screen shots. They use multiple LLCS, names, addresses, and email addresses. While I was part of the "group" the emails constantly changed so they could keep ahead of the law. It's a scheme and they are getting paid to scam people over and over-- and then try to blackmail the people they have scammed! It's horrible. I want people to get their money back and them to be shut down!

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- Miami, FL, USA • Apr 23, 2024
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I was contacted by Elizabeth Morgane who is on whatsapp and Facebook. She said she worked for a company called Zixcoremarket and then she told me she took a loan in my name without my permission or authorization in the amount of $20,000. Then they claimed that I earned $1.700,000 and to get my funds I needed to pay them 8000 dollars. They requested that i then pay $1703, and claimed another person paid the difference on my behalf. They then asked for $300, and then $500. I paid them approximately $4000 and they paid me nothing now they are requesting I pay them another $1800. The woman Elizabeth Morgane is on Facebook claims I have to pay her. They claimed they accidentally purchased a bitcoin and that I needed to repay them $69,000. Then they said they would pay me on a Trust Wallet but the information they told me to enter kept coming up as invalid. She then now claims i owe $1800 and will be paid in full. But all they do is scam people out of money. I want them charged with Identity Theft, Fraud, and Grand Larceny. I reported Elizabeth Morgane and Zixcoremarket to the Federal Trade Commission, the SEC, and the FBI cyber crimes division. However, Zixcoremarket.com must be removed from the internet so they do not steal from other people. They are 100% scammers and cause countless people problems.

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• Apr 22, 2024
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This scam involved mimicking successful trades on the xtb-online.vip/h5 website. When attempts were made to withdraw, the site then demanded a 25% tax to be paid before funds could be withdrawn.

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- Fordyce, AR, USA • Apr 22, 2024
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I have deposited $380.00 which was the initial fee to be able to get into the company and for it to start making money. I asked about withdrawing on my investment and I got an email stating that I need to have at least $1100.00 to be able to withdraw any money. During this time my investment had grown to $15,134.00. After I deposited $730 more it brought the investment up to $20,109.

Then I received an email congratulating me on successfully upgrading my account and it was ready to do withdrawals.

I then started the process for a withdrawal of my investment which was $20,109, I was only getting out $5500. This would allow me to pay off some bills and get a few things for my house (one in which is a water heater).

Before I could even finish processing my withdrawal, they sent me an email stating that I need to give them another $1550 so that my withdrawal could go smoothly. They said that this was an insurance clearance. None of which was in the first email that I received from them.

Therefore, I believe that I was scammed out of money provide to them.

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- Jamaica, NY, USA • Apr 08, 2024
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Scammer advertised owning a franchise company through his company Rich Franchise. Initial payment was 5K. Scammer then sent out a brochure with various franchise fees ranging from 15K- 30K. Scammer wanted me to secure a 50K personal loan to fund the franchise and buy materials. He promised to make payments on the personal loan. I never secured the personal loan for the scammer. I requested business funding for my company for me to use at my discretion. He never obliged. His tactics solely rested upon me securing a personal loan under my name for him to then use at his discretion. A franchise was never formed and he never refunded my 5K for lack of services being rendered.

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- Garnet Valley, PA, USA • Mar 24, 2024
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My encounter with Felicia Paul began with a modest investment of $700, promising a hefty return of $6000. However, her demands escalated, asking for more funds under various pretenses such as withdrawal codes ($1000), stop losses ($500), verification fees ($1000), and clearance fees ($1500), totaling an exorbitant amount. Despite promises of immediate withdrawals, I found myself trapped in a web of deceit for two agonizing weeks, culminating in another demand for an additional $4000. It was then I realized the painful truth: I had been scammed out of $10,000.

As a Scientist holding a PhD, I am deeply ashamed of my lapse in judgment. Yet, I refuse to let this experience go unnoticed. I’m committed to spreading awareness and filing complaints against these scammers. Names like Felicia Paul and Martha J Gillian may be aliases, but the damage they inflict is very real.

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- Selah, WA, USA • Mar 21, 2024
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They e-mailed requesting bulk product, in the amount of $10,000+. Attempted to gain a line of credit with us. Provided FAKE references to get credit. Including Firth Horizon Bank, Valtronic Technologies (USA) Inc, Jacob Engineering, and Mid States Aluminum LLC. None of which do business with Sonic. He provided fake email addresses and phone numbers.

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- Lansdowne, PA, USA • Mar 20, 2024
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This company offers the service to assist in passing a prop firm challenge. The email they sent me said the following:

Our fee for passing any challenge is $300 (for any account size).

You just pay the fee and send us your challenge account credentials and we will start passing the challenge for you.

We offer a guarantee for your account, just in case if the trader fails the challenge, it will be replaced with a new account the next day.

Here is the payment info:

https://diamondmanagedfx.com/payment/

We can also manage your funded account, we charge only 10% from your profit split.

I purchased a challenge 100,000 account and gave it to them to pass my challenge. They actually passed it in 1 day. They then started to managed the account. 1st day was up 3,100. 2nd day lost half. I then purchased a second 200,000 challenge account for them to try to pass. On the 200,000 challenge they lost the account in one day. That was also the 3rd day of the 1st challenge they blew that account also. I emailed them to ask them to pay for a new one and they disappeared. I can not get to them and they do not respond to my emails. They do not have any other way to contact them other than email.

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- Wichita, KS, USA • Mar 16, 2024
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On March 6, 2023, I participated in an introductory session about the Framily Share Group. The organizer outlined it as a communal endeavor where participants contribute $500, with the promise of receiving $4,000 within 28 days. Despite patiently awaiting the payout since joining, upon joining the initiative, I was informed of a delay in receiving the funds. Additionally, the admin advised members against attending the introductory onboarding session, cautioning that questioning during the call could result in financial loss. Approximately a month ago, a new opportunity was presented, requiring all members to pay $250 to remain active. Due to the prolonged wait for my initial payment, I declined to contribute further. When I reached out to the admin, who identifies as the chief of the Framily Share Group, to request a refund, she denied any previous agreement, contrary to the facts. Subsequently, I was blocked and removed from the group, and my attempts to communicate with the admin have been ignored. Upon investigating the Framily Share Group online, I discovered several reports of individuals being defrauded of their money by the same admin.

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- New York, NY, USA • Mar 13, 2024
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This website is scamming people for a lot of money. They use identity fraud to present themself as Bluerock company and they put a lot of "partners" logos. They say they are a trust company and ask people to buy shares from them and they are not licensed to do that. Also the "buy and sell" crypto for what again they are not licensed to do. And on their login page usersetrade.com they pose as Raiffeisen bank escrow account that are also fake in order to steal money... they have 3 domains usersetrade.com and bluerock.center and bluerock.email please help to stop them!!! thank you!

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- New York, NY, USA • Mar 13, 2024
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I a m writing to lodge a formal complaint against the British company Leap Sharing Technology co.,Ltd, which has engaged in fraudulent activities. The activation of the fraudulent operation is as followCompany name: leap sharing technology co.,ltd

Fake website: www.leap189.com

Phone numbers: +44 730-766-4358, +44 730-766-4358

Phone numbers for local managers or marketing as they claim that we communicate with them in Telegram or WhatsApp only with written text messages and we cannot contact them by phone as they say only messages in Telegram or WhatsApp and here are others

His name is Addison +44 7455-717-303

His name is Ambrose +44 784-808-7412

His name is bernie +44 934-172-7853

+1 646 820 9222

Address: Mortgage London, 25 Old Broad Street, London

The above-mentioned website, which is allegedly associated with Mortgage London, has engaged in deceptive practices, misleading potential customers, and engaging in fraudulent transactions. Despite presenting itself as a legitimate financial entity, it operated with malicious intent, potentially causing financial harm and suffering to unsuspecting individuals.

Numerous attempts to call the phone numbers provided have been unsuccessful, which also indicates a lack of transparency and accountability on the part of the company. Furthermore, the address listed appears to be just a front, which contributes to the mystery surrounding their operations.

As a victim of this fraudulent scheme, I demand immediate action to investigate and shut down Laep Sharing Technology.,Ltd's illegal activities. In addition, I appeal to the regulatory authorities to intervene and ensure that such deceptive practices are stopped, and to take appropriate measures to protect consumers from falling victim to similar scams in the future.

I am confident that swift and decisive action will be taken to address this matter and bring the perpetrators of this fraud to justice.

sincerely,

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- Richmond, CA, USA • Mar 13, 2024
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Around Feb 27 I was invited to join a crypto mining pool by a friend who I had been speaking to for a few weeks. At first I was skeptical so I only started with 2k but I saw that there was a daily return. When I found out it was working I deposited more into the account up to 10k. On March 1st there was a message saying that you can get a bonus of Eutherium coins if you deposit a certain amount. I was going for the highest bonus of 30.5 eutherium coins which I needed to have an account of 100k. In order to qualify for that bonus I needed to have 100k in USDT in my wallet before April 1st. Once I had that amount I just had to email the mining pool customer service email and they would deposit the eutherium into my account. When I got to 90k in my account I had run out of money so my friend who got me to join said she would help me get to 100k by depositing 10k into my wallet. She did the transaction and I had the 100k necessary for the bonus in my account.

When I emailed customer service they said that indeed I had the amount necessary for the bonus and that they were going to deposit that into my account. However they saw that someone other than myself had made a deposit into my account and that the system had automatically flagged my account for AML (anti money laundering) in the crypto mining pool and that my assets had been frozen because of it. They said that for me to unfreeze my funds I had to make a deposit of 30% the account value. They said that once the deposit was made the system would unfreeze my account and I could withdraw my bonus and principal if I so choose to. This did not make sense to me because there was no way to prove to them that I was not engaged in money laundering other than to make a deposit.

I contacted SafePal the company whose wallet I was using and asked them if it was possible for them or a third party DApp to freeze my accounts. They said that I had been scammed and that the mining pool I had joined was a malicious actor. The person who got me involved with the mining pool is not aware of my contact with SafePal and I am still in contact with them now. Hopefully you can investigate this claim and tell me what steps I need to take to potentially recover some of my funds. Please advise.

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- Shelby, NC, USA • Mar 09, 2024
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I was approached through TikTok by someone other than they claimed to be. They extorted $100 first and then $200 more!

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- Hastings On Hudson, NY, USA • Mar 06, 2024
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So, this business was offering "invest plans", I invested in a 200GBP one because it was lower, and did not want to risk more than that. The process approximately took 2 days. Before that, I was given an email stating they would have like 20% commission fee before I got my 2500 GBP ROI. And I was told to pay 750GBP so they can withdraw my payout. After a while, I was asked again to pay 960 GBP because my investments had matured and were reinvested so now it's 5000 GBP.

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- Richmond, TX, USA • Mar 06, 2024
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Fraudulent investment scheme, such as a Ponzi scheme or the promise of high-yield returns. I Invested $1.000.00 on 2 Companies back in Nov 22. one starting in dec said that they had to do an upgrade

in their platform. but they never did . I very positive that this is a fraud.. the name of company is Meta Index. the

second one is t.me/ustrust_bot?start=670014962. Invested $1.0000.00 WHEN I got a balance of $1,600.00. they

said same thing . that they needed to do a software update. and disappeared that happens in Feb.. my Name is ********** 66 yrs Old . my phone # 

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- Alpharetta, GA, USA • Mar 05, 2024
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The communications was made through WhatsApp and Instagram and they ask you to upload their app and fund the account once it is verified....from there they starts to show some really good profits (Forex and crypto), than they chases you to make more crypto deposits to oay for commissions in order for them to deposit it back on the very next day.....it never happens, I've lost more then 35,000 dollars trying to reimburse my investment at least. Big stammer, i did press charges but nothing happened yet

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- Brooklyn, NY, USA • Mar 04, 2024
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I have been a victim of a sophisticated investment scam orchestrated by NationTraders and their agents, Vladislav Kostin and Andrey Varshavskyi. My journey into this financial abyss began when I stumbled upon a Facebook advertisement promising substantial returns through AI-assisted trading on the stock exchange. Intrigued by the prospect of easy profits, I registered and was soon contacted by Vladislav Kostin, who introduced himself as a manager from the "Club of Millionaires," a project linked to NationTraders.

Initially, I was hesitant to invest, but Kostin's persuasive skills, coupled with my own aspirations for financial growth, led me to transfer $34,200 of my personal savings into NationTraders' brokerage account, using cryptocurrency. This was the beginning of a series of deceptive practices that would soon unravel. Kostin, under the guise of expert guidance, initiated several trades, predominantly in Forex, which seemed profitable at first glance.

As my confidence grew, so did my investments. Encouraged by Kostin and later by Andrey Varshavskyi, another so-called specialist from NationTraders, I made several more deposits, totaling tens of thousands of dollars. They painted a picture of guaranteed returns and risk-free investments, assuring me of my financial safety. However, when I decided to withdraw a portion of my supposed earnings, I was met with unexpected and illogical hurdles.

First, my withdrawal requests were severely limited in amount, and then, to my dismay, I was informed of a newly implemented rule requiring a 13% deposit of the withdrawal amount to cover unspecified taxes. This demand raised immediate red flags, signaling the illegitimacy of their operations. Despite my repeated attempts to retrieve my funds, they were either met with evasion or more fabricated rules, designed to further entrap me in their scheme.

It became painfully clear that NationTraders, an entity unregistered with any U.S. financial regulatory bodies, was nothing but a facade for a well-orchestrated fraud. My hard-earned savings were locked away in their system, manipulated by individuals who preyed on my trust and financial aspirations. This realization was not just a financial blow but also an emotional one, as it shook my faith in the integrity of online investment platforms.

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- Richmond Hill, NY, USA • Mar 02, 2024
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Investment platform promising you profit and when you try to withdraw they refuse to do it and all the money dissappear from your account

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