Is Estonia the new Haven for Crypto Scammers?

Is Estonia the new Haven for Crypto Scammers?

By Daniel Pinkowski | Business Strategy | 27 Jan 2019


190903265-9f8cace445d6f5fee8f95c301e447a5f19375fc0a876e10052cc1904ff497559.jpeg

Being new to this industry, but having a good business background  I occasionally go to website for news information to do my research.

190903265-2a72519f94db75b85fbfd23cbf9c97d09d796aae3a4e743d7ac16c55ce65bfba.jpeg

During my searches at the bottom of some of these news website I found promising Advertisements for making large sums of money for testing their new sofware in the Cryptocurrency Markets.

190903265-a3af37157dc19922c58c382acc9b01166dca1f327242f327299c6c22a27b2db8.jpeg

After doing some research I found that these sites are scams and some people have taken the bait, and have lost thousands of dollars

 

190903265-eb03aa1e6170921330d9ef0b2f0f7574cb1424c62ffb61467d87873509cc6a05.jpeg

The scam format is the same just a little change in the design and the web address. They promise outrageous results in 24 hours for being one of only a few people offered this software. They always say there is a limited amout of spot available and for a limited time only.  When you see this type of promotion in Advertisment it is a clear Red Flag for a Scam Alert! They ask for a deposit of your fund to get started usually a minimum for $500  some foolish people who are greedy looes more. I have seen some investor loose $5,000.  When you try to withdraw you money that is the time you know you have been scamed.

 

190903265-a7b6a26511e3394701d7042b291cddb56236c36fa6bd5dd2d1ac2a86f31127f1.jpeg

I did some due diligence and found pleanty of Horror stories of people  loosing money and their posting on how they were scamed on Scamadvisor. Something came to my attention that a lot of these site were based in Estonia???? With that in mind I decided to do some research on Estonia.

190903265-ac432aa2299e3fa1c1d5ab625477e31b01d7f9c5606b2a9bb64c6661c59d9384.jpeg

Here are some of my finding on this country

  • Estonia has declared internet access a human right

  • It has a thriving IT Start up culture

  • It has just recently became a member of the EU.

  • Has Goverment incentives for start up E-services 

  • Has one of best internet services in the Eastern European Block Countries 

  • Has a nickname of e-Estonia 

  • Been behind the creation of digital brands such as Skype, Hotmail. and recently Transferwise.

  • Laws are Laxed since it is new to the EU.

190903265-cdd1d4643e0caef939b8d78d45e1917a2743499543314869fbcd4dc8b52b2462.jpeg

With all of this said when looking into a new website of a company if it come up with a home in e-Estonia go the extra mile and do your research before diving into something you will regret later

 

 

To be connected to a good internet marketing program click here

How do you rate this article?


0

0

Daniel Pinkowski
Daniel Pinkowski

Retired Martial Artist living in Shenzhen China, doing crypto mining, and teaching Hapkido martial Arts. involved with import and export to USA. I also do consulting to business. I am from the Chicago Area and now traveling the world.


Business Strategy
Business Strategy

Giving out daily tips on good Business Success and Entrepreneurial advice to people who want to have an edge in this vast world of competition

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.