If you've been anywhere close to the internet in the past few weeks, I bet you've chanced upon at least 1 purchasesharesonline.com platform promoter. And it really is an attractive idea on paper. Purchase Shares Online provides you a medium to buy digital shares online for as little as $3 with a promised ROI of as much as 460%. There are a number of businesses listed on their website that you can invest in. Sounds legit right?
I don't wish to be a Debbie Downer but Purchase Shares Online platform smells like fish. Here are a few facts to consider.
For a company that claims to have been around for 6 years but still largely unknown, why the sudden surge in popularity now? Why is everyone singing its praises right now like it's the best thing since sliced bread? I couldn't contain my curiosity so I went on a deep dive to unravel this mystery which led me to a few interesting observations that I'm calling PROOF OF SCAM. So let's jump right into it.
Proof of Scam 1: Outrageous Referral Commissions
To further drive its popularity, Purchase shares online (PSO) platform is giving all of its members a 49% referral bonus for every new member that signs up through you. Yes 49%. Even full-frontal HYIP scams will only give you at most 10%. But not PSO with its 49% commission. It's scary and I wonder where the money is coming from. This looks like an exit scam waiting to happen. Remember 'if it's too good to be true it probably is'.
But who cares? Definitely not the promoters who'll do anything for a juicy 49% commission payday, good conscience be damned. What's more, Purchasesharesonline.com also organizes periodic contests where it pays the top 3 members with the highest number of referrals over a given period.
When you consider that PSO's business model cannot support this kind of lavish spending, you wonder where the profits are coming from especially since there's no proof of any actual investment being carried out. Is it possible Purchase Shares Online is paying old members with investments from new members?
Proof of Scam 2: False Testimonial
Why would a genuine company post false testimonials on their page? Aside the referral-chasers, I was wondering why the internet isn't inundated with testimonials of Purchase Shares Online members since the program has been around for 6 years. So while on the purchasesharesonline.com website I decided to check out their payout page. The first red flag for me was the fact that it only contained payouts from the current day. Where's the payout from a week, 2 weeks or even 2 months ago?
Anyway I decided to click each of the names on the payout page to reveal the date each member joined and something caught my attention. See screenshots above. That guy Tarek joined PSO January 13 2020. Now check out the payout screenshot I inserted. The same guy also cashed out on January 13 2020. Color me impressed...lol. Are you thinking what I'm thinking? How's it possible that on the same day (in less than 24 hours) the same person invested in Purchasesharesonline and was able to immediately cash out his profits? Anyone know the math behind that or did PSO just drop the ball with this obviously fake testimonial?
Proof of Scam 3: The math doesn't add up
Purchase shares online claims to have paid members over $200,000. That's impressive. But something else jumps right out. Why is the payout lesser than the deposited amount considering Purchase Shares Online promises outrageous profit of as much as 460%? Why is that not reflected in the amount paid out to members?
Have you also taken time to look through the projects on PSO? For example the individual(s) in the first screenshot needs funds to build 50 structures. Take several seats and think about the logistics of that and tell me it's possible for you to invest $3 and immediately start receiving dividends - which is what Purchase Shares Online promises even though there's absolutely no way the buildings are up yet. The math just doesn't compute.
To wrap up
Many greedy ones will counter with the 'But PSO is still paying' refrain. Maybe it is but that means nothing. Most scam companies (see a few here) are known to pay at first until they stop. Do you really want to take that risk? It's 2020 people. Why are we still playing the old games that leads to inevitable tears. Play games you can win instead. There are a few sustainable passive income platforms (see here) out there you can join but Purchase Shares Online platform isn't one of them.
Is purchasesharesonline.com a scam? You decide.
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