possible and proven SCAM sites, persons, services, products, wallets, hyip

[⭐ musketeer]

I would suggest that to be main forum's topic/forum because it could cover forex, crypto, options, etc.

And now it should be in some specific section, but the question and it's coverage is much broader.

So, let anyone list proven and potential SCAM provider, such information is only of benefit to anyone.

[⭐ musketeer]

And of course, may be we need the opposite: the legit ones 🙂

[⭐ Azazel]

Here is a list of blocked scams and someone even already convicted:

https://www.tradingschools.org/?s=fraud+busted

The pattern is always the same:

get rich quick, with an algorithm or secret techniques finally revealed, fancy sports cars and beautiful women.....but there is yet another trick:
after the scammers have....disappeared with the money, sometimes...they come back and appear as lawyers from law firms promising to be able to recover lost money and
instead...they are still the same scammers....
The cat and the fox.

Edited Friday at 08:54 AM by Azazel

[⭐ musketeer]

Lately there has been a boom in the following scheme: arbitrage is explained and advertised, and planned at that 🙂 Anyone who has done it knows that foreknowledge arbitrage would be an unlimited possibility (if true).
This is done in channels where there is no traceability and sanction: for example, in Telegram and Discord. The scheme is very serious and involves many stolen millions.

Well, they show how the price will rise and you have to buy at a precise moment. But in order to buy, you need to open an account where you can deposit (for example, a minimum of $100). Everything is honey and butter until it's your turn to withdraw your money - then they want (supposedly as proof that everything will be fine) a transfer of $750. So the minimum amount of money you gave becomes $850. I have seen such groups with up to 30,000 members! There may be more somewhere. Well, in the example given, the scammers have a potential of 30,000 * $850+ = 2,550,000 + until someone manages to break this scheme. On top of that, there are many such…

[⭐ Azazel]

This news is....crazy: this CEO of a Kansas bank was sentenced to 24 years in prison because he caused the bank to fail by causing the loss of $47 million he had sent to cryptocurrency wallets controlled by fraudsters:

https://www.nbcnews.com/business/business-news/cryptocurrency-pig-butchering-scam-wrecks-kansas-bank-sends-ex-ceo-pri-rcna167642

 

 

[⭐ Azazel]

In this video, Andrea Unger (4-time World Trading Champion) explains the scammers' techniques: you start with a very low capital $250, which "miraculously multiply easily", but then...you fail to withdraw the money earned, and finally the fake law firm...:

This Trading Scam is Ripping You Off!

 

https://www.youtube.com/watch?v=jjRskintbI0

 

[⭐ FredUrble]

On 7/6/2024 at 2:24 AM, Azazel said:

Here is a list of blocked scams and someone even already convicted:

https://www.tradingschools.org/?s=fraud+busted

The pattern is always the same:

get rich quick, with an algorithm or secret techniques finally revealed, fancy sports cars and beautiful women.....but there is yet another trick:
after the scammers have....disappeared with the money, sometimes...they come back and appear as lawyers from law firms promising to be able to recover lost money and
instead...they are still the same scammers....
The cat and the fox.

Thanks for the information. This site does not seem to have many items past 2022 and I would expect there has been more scams in the last couple of years.