How do I tell if it’s an investment opportunity or a scam?Posted by freeamfva on April 26th, 2022 How do I tell if it\'s an investment opportunity or a scam?
As we have discussed in previous blogs, it can be difficult to tell if a website is real or fake. Scammers put significant effort into making their websites look slick and professional. They also use aggressive and convincing sales tactics over the phone. Finally, by asking for payment in cryptocurrency, they make it harder to trace and recover any lost funds. So, what can you look out for to help you spot, and avoid, a scam like Beurax? So, what about this new URL? If you have installed standard internet security software, it will likely block access to this new Beurax site. It will also explicitly flag the site as a dangerous scam. This is a pretty good indication that the site is not trustworthy!Another tell-tale sign of a fake website is a lack of information about the actual company. For one, the website does not state where the company is registered or who regulates it. It provides an Australian address but a US phone number, which looks to be registered in Arizona. A search of ASIC\'s (Australian Securities and Investments Commission) companies register shows that Beurax Corporation Pty Ltd was registered in 2020. However, even if a company is registered with ASIC, it can still be a scam! In fact, ASIC details its concerns about unrealistically high and ‘guaranteed\' returns and difficult-to-trace cryptocurrency payments. The final red flag is a lack of information on who owns or works for the company. The Beurax website does not provide any names or contact details of their directors or employees. A search on LinkedIn only reveals a company by the name of Beurax Review with a defunct website - likely another version of this scam. In conclusion, it is clear to our experienced analysts that Beurax is a scam operating a fake website. If you ask to withdraw your funds, the scammers will likely come up with excuses or be unresponsive. Do not send them any further money! Many scammers will ask you to transfer further funds to \"unlock\" your investment but that is simply another way of scamming you. Don\'t fall for it! Instead, contact Cybertrace\'s experienced investigators to see how we can help you. If you are a current or former staff member of the syndicate and would like to speak with us, We have successfully worked with conscientious insiders when investigating previous scams, thus bringing justice and relief to long-suffering victims. Your help can make a real difference! Like it? Share it!More by this author |