The appearance of scam business on the African continent have been in exponential growth, most due to COVID-19 where many lost their jobs and the hability to pay bills on time forced to find ways to make income to maintain or sustain their life style, where the online work and the promises for astonishing gains in short time of space, lead this people to become victims of crypto scams business like MTIclub. It's another ponzi scheme that lure uninformed people with their ideas of making them become "quick rich" just investing a total $100 worth in Bitcoin and the company do the rest!
Classic fraudulent scam business, promises huge return and users "need to lay off and the money will come like water". The Company present all the signs of a scam:
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No public Twitter channel on the website
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No private policy on the Main page (just when the user signup with thin letters which no one will patience to read)
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No links on the website, or LinkedIn profile of their CEO
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A poorly interface, they didn't need to build a site with the latest tech to impersonate users to join as, the same ones, needind urgently money would join and start to invite to earn more.
This South African (as they state on the site) is purely a scam like Million Money, which ripped millions of dollars to Nigerians nationals, and is operational since May 2020 until now have been funded with $6,862,584 seen on scam-alert.io .
Below I will let you appreciate the pictures I took from the site which complete info they impersonate users with, and just to note, they have successful tricked many people and the site still operational to continue steal money from Africans and more 180 countries worldwide:
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they state on the main site just invest $100 and relax, come back just to see your money grows.
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To make it look original website of trading forex, they use the old trick, registration number and company name.
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as seen here they don't offer anything tangible to produce money for the company, and if user want videos or other tool to help need to contact the support.
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Poor interface and the "private policy not even seen on the website when users signup.
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the contact of the site take users to this page, with no twitter account, LinkedIn profile nothing that identify the owners or CEO.
The scam-alert already flagged the website as ponzi scheme and users have not been allowed to withdraw their funds for weeks now, with an average investment from $749 made for each user in order to earn more, which ends up on dustbins, they won't have that money back never, its gone forever and if the site still on air other will be victims of this scam.
confirmed scam by scam-alert.
The ponzi scheme already stole more than $6 millions since May when it got launched and Africans who took their money to invest on it due to COVID-19 emergency now have nothing left more. It's our duty to investigate any business before putting money into, look for easy things to detect a scam, cited on one of my articles, and be safe and alert, no one gives money for free just investing $100, sound's sound's too good to be true is obliviously a scam.
more than $6,800,000 robbed from users.
Take care stay safe, don't get deceived by scammers with their fake business.
Verify fraudulent business on Scam-alert.
