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Investment Scam

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Investment Scam Reports & Reviews (119)

• Jan 22, 2024
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The scammer had 2 other accomplices, the husband named **** ***** ****** and their friend ******* ********. They recruited several individuals in their workplace (******), to join to what they introduced as FOREX TRADING BUSINESS. They showed their account earning money through Forex Trading. In order to join you have to sign up or create an account using their personal link and you have to give them money cash up front. They said to trust them and they will look after the process and assist you all the way. They promised such guaranteed returns. They mentioned that they know the master trader and have direct contact through their cousin named ******* ******* who is also residing in the Philippines. The husband and wife ( ******* and **** ***** ******) who are involved in recruiting were former employees of ****** ************, however ******* ******** remains in the company. They managed to recruit more than 50 individuals at their workplace, that until now most of them didnt get the returns of investment that their promised. ******* and **** filed their resignation to ******, in order to avoid their co-workers who happened to join and trusted them.

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• Jan 22, 2024
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******* ******** encouraged her co-worker **** **** ***** to invest to a FOREX TRADING BUSINESS. After convincing ****, she referred him to her other accomplices named ******* AND **** ***** ******. They instructed **** **** to send the money to their cousin in the Philippines named ******* *******. *******, ******* and ****, promised a guaranteed return of investment after 3-4 months. They said that they know the business well and they have experienced money growth. They said, there will be no contract or receipts provided, that they just have to trust them for the process. Statements and proof of conversations and wired transferred can be provided upon request. **** **** trusted them because of the reassurance and because they are employed in the same company. Now, ******* and **** ***** ****** quit their jobs at ****** to avoid **** and other co-workers who joined them.

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• Jan 21, 2024
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Having diligently deposited funds for several weeks, I eagerly anticipated a timely response. Throughout the depositing process, their daily communication was commendable. Yet, to my dismay, their demeanor drastically shifted when it was my turn to withdraw. Their easily annoyed disposition left me perplexed and dissatisfied. Determined to address this issue, I took matters into my own hands and reported the incident on SkylineRecvery.com.

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• Jan 21, 2024
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I invested $50k in to this company and have been trying to withdraw and have been informed by customer relations there that I can only withdraw only $300 dollars due to the terms and conditions of the agreement. All of the money people deposit’s to these low life individuals goes directly into their pockets. We need to get these guys in jail as soon as possible…Don Jacob’s, Miles Grey, Michael Morris, Andy Wells, Steve Nelson and the lady answering the phone Rheva Gray all are criminals. This is so unfair what these criminals can do and get away with it..

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- Oklahoma City, OK, USA • Jan 18, 2024
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A person on tictoc referred me to a person on Telegram to invest with. His company is grosstrade.org. They said they do crypto mining. I must purchase crypto with my checking account and the crypto is placed in a mining account. I just want to know if this is a scam or not. They are extremely aggressive.

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- Choctaw, OK, USA • Jan 16, 2024
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Contacted me wanting to be friends then talked about Crypto investments. Was introduced to a web site https://metaversefxoptions.com/user/investment/log

Encouraging deposits and was sent automated earnings. However never allowed to make withdrawals. I made deposits of $3000, $6000, and then $5000. Each time I was told I could get ROI after deposit was made. But there was always some problem.

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- Choctaw, OK, USA • Jan 14, 2024
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******* **** Contacted me wanting to be friends then talked about Crypto investments. Was introduced to a web site https://metaversefxoptions.com/user/investment/log

Encouraging deposits and was sent automated earnings. However never allowed to make withdrawals. I made deposits of $3000, $6000, and then $5000. Each time I was told I could get ROI after deposit was made. But there was always some problem.

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• Jan 31, 2024
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Got me too, didn’t tell me I had to buy a bitcoin to get the advertised return and capability to withdraw

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- Glendora, CA, USA • Jan 14, 2024
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I am a victim of Pig Butchering Scam. I was contacted by Alice through a WhatsApp group. I was introduced to forex trading by her and asked to do several wire transfers. I did 5 wire transfers to this company called RS Import Export Trafing LLC. I was told that it is a 60 day cycle of trading and at the end I can withdraw principal and profit. At the end of the cycle, I tried to withdraw and was told to pay taxes. I asked to take taxes from my original principal and was told that I need to wire new money. That’s how I came to know that it was a fraud and I was scammed. They are asking us to wire money to this company under false pretense and misrepresentation. I have reported local police on wire fraud and also filled IC3 complaint form with the FBI. My case is under investigation with the FBI. I still want to do everything that I can to recover any amount of money from these fraudulent businesses. They are using accounts to launder money and finding more victims like me to wire money to them.

4 wires in the amount of $25K, $78K, 100K and $55K to:

R S Import Export Trading LLC

63 Dover Common Drive, Tucker, GA 30084

Bank money was wired to:

Bank of America, National Association

Routing # *********

100 W 33rd St, 4th FI

New York, New York 10001

Recipient Acct # ************

1 wire in the amount of $25K to:

R S Import Export Trading LLC

63 Dover Commons Dr., Tucker, GA 30084

Bank name and address: First IC Bank

Routing # 06119794

Bank Address: 6170 Live Oak Pkwy, Norcross, GA 30093

Recipient Account # 1560008995

I did initiate a wire recall with my banks Chase Bank and Wells Fargo Bank on Dec 18, but I feel both banks didn’t do any due diligence and declined my request to further investigate my situation.

I have also reached out other authorities like FTC, CFTC,SEC, NFA, BBB, Attorney General of NY, Attorney General Georgia State, CFPB, FINRA and DFPI.

Banks are opening accounts for these illegal companies and helping them to launder money and fraud 100’s of victims like me. We are loosing our lifetime savings and I feel nothing is done to protect us US Citizens from predators like these.

The company RS Import Export trading LLC is registered under Rain Shun.

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- Philadelphia, PA, USA • Jan 12, 2024
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I meet a girl in social media she invited me to join in the exchange platform and promised to made a desent amount of money. At she show how thr platform work and how much is in her account , I started put liltle by little come up to around 30k but she keep asking my to put money to make more profit at somepoint i felt suspicious and want to withdraw but the platform need additional amount of money in order to withdraw so I didn't deposit anything i knew i was scammed.

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- Caledonia, OH, USA • Jan 10, 2024
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I responded to a posting on Facebook, stating a profit could be made investing in Binary Options. A person claiming to be a Frank Lucy contacted me, via a program on an internet program, Telegram. He stated he was from Bitshine Capital Ltd. He posted a page claiming, with as small as $150, I could make $1850. In need of cash, I started with $300 for an earning of $3350. Next, they asked me to register. Normal things home address, email, phone # and a copy of my driver's license. Now they stated my driver's license was not clear and they needed to have it professionally fixed. @ $198.00. Next, Mr. Lucy informed me that my account required a minimum of $500 investment. so, it required an additional $200. I stated that this was a scam. A second person contacted me, claiming to be Alex Morris, the CEO of Bitshine. I checked his account and found the name on the account was Doc Spawel. He next informed me that the that upgrading was indeed a necessity. after this, I would be able to withdraw $8,600. all I needed to do was enter my Social Security Number. Now my Number didn't work and now they, finally, came with a solution. Yes more money. I finally wised up and stopped.

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• Jan 05, 2024
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I was contacted by the phone number shared, and was told they meant to contact someone else. I politely responded and they were also very polite. They offered to show me New York if I ever would visit. They transferred me to WhatsApp and said the number they started on was their work number. They identified themselves as "Yoko." They claimed they were japanese. Their second phone number they used is 516-243-0035. They sent photos of extravagant meals and of "themselves" which appears to be a Korean woman who has their images used in a few different platforms by likely imposters. Using Google Lens helped to find that out. They eventually mentioned that they were doing short term trading and doing so after having tried a number of different types of investing. They talked about investing exclusively cryptocurrency and its advantages due to govt. They encouraged me to sign up for a Shakepay account and said they would help me to learn how to do what she does which she says only takes a few days a week of checking on the markets etc. She does very short video calls where she has no charisma and said it was so nice to see you at the end. She somewhat pressures into getting the Shakepay set up and to start investments and continues to use the stolen photos from that particular beautiful Korean woman. Fortunately I realized after a little while, as the interactions just seemed unwarranted to be as positive as they were, though it seemed quite nice at the time.

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• Jan 03, 2024
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Identifies himself as Timothy James Cashman, a Filipino-American married living in UK working as a trading manager/broker for Beglobalfund based in Switzerland. He speaks Filipino fluently, hence I trusted him. Offered a trading platform using AI. Used shakepay & NDAX to transfer money. He helped me open a shakepay & NDAX acct (both are online crypro exchange & download the app. He also made me open an any desk app so he can help me process things without mistakes. Guided me to loan money, transfer money from my bank to NDAX via etransfer & wire transfers then transfer money from NDAX to my beglobalfund trading platform. I started in september 14 & closed the trade on Dec 7. Asked me to pay 1% brokerage fee before my profits will be released, paid it if full on dec 19. My profits was not released but instead somebody called me from swiss crypto agency telling me to pay 5% tax before my money is released. Then i realized I got scammed. Timothy is still messaging & calling me denying he’s a scam & advised me to pay the “tax burden.”

Timothy is using somebody else’s name &. Broker license of Timothy James Cashman. I called the really Timothy & confirmed he is not the timothy i have been talking to.

I can give you more info like the etherscan.io addresses where my money were transferred.

Pls help me! I havent been sleeping well & got sick since december.

Looking forward to hear from you soon.

Thank you!

****** ******* Beglobalfund address:

Grosspeter Tower, 21st Floor,

Grosspeteranlage 29, 4052 Basel, Switzerland

16135151039

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- Boynton Beach, FL, USA
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I met this person, Rashan Lawthorne, via Facebook as an Influencer. He has many followers and was speaking about how you can generate generational wealth through one of his franchises. I've followed him for a while, trusted and believed in him. We talked (January 2023) on the phone about this franchise (Rich Cleaning Service) and he assured me that the return in this investment would be well worth the monies invested and I'll be able to get more in return to secure generational wealth for my family. He assured me that the contract and all other information will be exchanged right after we got off the phone. He had me to put him on 2-way and call Navy Federal Credit Union and apply for a loan in the amount of $30,000. I was approved. He then instructed me to call another number to make the transfer to his account and the loan was transferred into his account. Before we got off the phone, I reminded him to send all documentation to my email. He said it would be sent. I called him daily after that for something tangible to hold onto since that transaction. He promised a visit to Florida and would bring all documentation with him. He did come but empty handed and to prove to me that he was real and legit about the business. Overall, we've had many text, phone calls, promises to pay loan and truck payment until business gets off the ground and starts to pick up. He made 3 payments on the loan and 3 payments on the SUV and the business never started up. He was supposed to do all of the leg work and get cleaning contracts, interview employees, train me, etc. Everything promised in the brochure has not come to fruition as of yet. (since 02/23 - present) All I've received are a few supplies promised in a "brochure" and a 2023 BMW SUV (cleaning vehicle was included in brochure). He also drove said vehicle to me from Georgia to Florida. My last correspondence with him, I was asking for assistance with loan payment and SUV payment since we were supposedly still working on getting the cleaning business up and running. His response was "he was waiting on payments on his investments with our (many victims are involved) monies and he would make a payment to my accounts. Nothing and no communication at all at this point. His website and facebook no longer exists.

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- Norcross, GA, USA
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[email protected] approach me to become SHEIN marketplace seller and took my investment

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- Fords, NJ, USA
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Cameron T******* offered a ”mentorship” program on his Up Your Income telegram group. He blocked me from the group once I requested for a refund. He also has a website UpYourIncome.net he never rendered services I requested for a refund he stated “Listen… you’re not getting a refund. End of discussion”. We can go back and forth til 2032. It’s not happening. I am a millionaire. He now has an “Assistant” after attempting to reach out for 4 months the business number is 404-410-6662. She stated, I spoke with Cam he said he spoke with you and you had something going on, he told you to call him back when you’re ready and you called back two months later. At this time he is done. I spoke with Cameron T******* twice time over the phone in 5 months. He stated I can contact him on Sundays only reached out no response.

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- New Tripoli, PA, USA
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I invested over 9000 in this company's short options and ended up with 11474. I attempted to withdraw the money to my credit union with the aid of customer service. They said the process would take 2-4 days. On day 3, i was told that my credit union (PSECU) is at risk and that my account was placed in a safety zone. In order to get my money out of the safety zone, i had to deposit an addition 11474. They tell me that if i do so, all my money will be released for withdrawal. If i don't, I will lose the money. My credit union is highly reputable. It is not at risk. Being a senior citizen, age 74, I cannot or will not willingly provide the funds necessary to release my money. This is a great hardship for me as i live on a pension. Customer service will not budge an inch. They insist i give them an addition 11747.

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- Magnolia, TX, USA
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This scammer group has an elaborate setup, communicating over WhatsApp and they change phone numbers repeatedly. First, you are told to pay for initiation items (usually around $600), which you never receive. Then you are told to help out a charity (around $3,000), but there is no indication if the charity ever received anything. Sometimes the funds are requested via Western Union, and sometimes they are requested via BitCoin. After you pass this 'test', you are invited to pay for your 'Wears' which is supposedly ceremonial regalia, similar to what Masons wear in Lodge, that is around $10k, but again you never receive. Finally, you are asked to donate to a fallen 'brother's' family, another $10k which again, no indication if it got to where they said it would go. This is what they describe as your final step, after this they tell you that you will receive your benefits (money, car of your choice, etc). After this you are contacted by a Shipping Company (in my case it was Global West Coast Logistics), they claim they have a secure container that they will deliver to me, but first I have to pay $16k in BitCoin, of which 98% will be refunded, they keep 2% for their paperwork and rental of the 40ft shipping container. Needless to say nothing ever materializes, and no explanation of what happened. In an isolated case, they told me that someone took the money and they would be removed from the organization, and then told me to send in more money. Again by Bitcoin. As I am able to afford, and proceed, I will update my findings.

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To: **********************.org

Subject: Kindly get in touch

Importance: High

Greetings,

We trust you are healthy and well today, do you have a project or investment that requires loan and funding from a legitimate investor with a reputation globally. Kindly contact us for a formal introduction towards the process of possible funding.

Our investors only approve projects that are viable from the tune of five million dollars above on a good ROI.So furnish us with your business plan or deck for evaluation if you are interested.

Respectfully,

Yousef Khalid.

Clients managers to investors.(CMI)

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- Brooklyn, NY, USA
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The imposters created a fake whatsapp group with using 100s of different numbers pretending to be clients but actually same people. They also used Edwin Conway from Blackrock ,name to lure people. I also have one more person who fell for the scam. After confronting them they blocked me and didn't allow me to withdraw money.

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PAYBACK CONSTRUCTION LTD - BN - 876744913

From: Brooke Hanson <[email protected]>

Sent: Friday, November 10, 2023 12:41:06 PM

Dear, ******** ********* It was a pleasure to speak to you.

As per our conversation, below you will find information on our company including credentials.

We are registered with the GOV of Canada.

Below you will find a direct link to the government website (online information and services). Please click on the link or paste it to the search bar to finds the desired result:

PAYBACK CONSTRUCTION LTD - BN - 876744913

https://www.canada.ca

Offices:

2366 Ave C North, Saskatoon, Canada

We would be happy to have you here in our office, if possible.

Subject: ******** ********* please receive credentials Payback Construction

I hope this information will be proven beneficial for you.

If you have any more questions, please let me know.

With best regards,

Brooke Hanson

About Us

In the very beginning our team of experts finds out as much information about the scammers as possible, we collect all the proofs and evidence of a fraud actions and begin to investigate.

Our experience and knowledge covers all the common types of scam, most of the cases are similar. We mostly work with such cases as Forex, Cryptocurrency and Binary Options fraud.

Contact Us

[email protected]

2366 Ave C North, Saskatoon, Canada

Copyright ©2001, PAYBACK CONSTRUCTION LTD BN - 876744913

Registry ID: 101024451

All Rights Reserved

THIS COMPANY IS 100% SCAM</[email protected]>

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