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Profit More is a disaster waiting to happen. It would be an under-statement to say that it is an investment scam. This is because Profit More has implemented the same exact business script and model of a ponzi scheme setup. If you want to know how likely one can lose his investments here, then consider the answer to that question on a scale of 1 to 10, with 10 being the highest likelihood of losing money. We’d would select 10, having assessed all factors pointing to the likelihood of this website being a scam.
Without further ado, we will go straight into the issues that raise concern here. If you almost got tricked into sending some money in the name of investing it, count yourself lucky because your 6th sense saved you from losing that money and feeling disappointed as a result of getting cheated.
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The site in question can be found at Profitmore.biz. As you can see, most shady websites have a .biz extension on their domain. Of course not all of them are scams. But if they have that extension in their domain names and are having red flags all over them, then it certainly means that they are shady.
The number reason of concern here is the alleged profit earnings of this site. The daily interest rates are ridiculous, absurd and unheard of. These earning claims make no sense at all.
There are two plans in total. The first one promises 8% return on investment for 20 Calender days. This is a short term plan. The second one promises 115% in 7 Calendar days. The minimum that you can invest is $10 while the maximum is 100K.
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If you assess the two plans, you can clearly see that something is terribly wrong with these two plans. The alleged returns are too good to be true. 8% daily return on investment is not possible no matter how you look at it.
This brings us to the question of what activities this site is engaged in. If they are taking about trading or mining of Bitcoins, then it is not likely that people can earn 8% daily returns from these two activities.
So this definitely has to be another business, which is illegitimate anyway.
Although Profit More claims that they are mining Cryptos and trading Forex on behalf of their investors, this is actually not the case. So there is no point of sending them any money thinking that it will be invested in any of these areas.
Unfortunately, the site has not proved that their investments can produce consistent and profitable returns. It has not even proved whether our money will be safe in their hands. But they want us to believe that whatever is written on their website is the absolute truth. Clearly this is sickening. An insane person would believe these sales gimmicks. But an informed investor will definitely have many questions to ask. These serious red flags can’t be ignored no matter what.
To prove that this is a full blown scam, let’s consider ownership details of this site. If we can identify the owner, it will be a good thing because this is one step to building credibility. But if we cannot prove ownership, then we better forget any sign of credibility that will ever come from this site.
We are justified to ask this question before making any attempt to deposit funds in the hands of these guys. We want to know their skill and level of experience. But for us to get the answer, we must start with who owns the site.
Unfortunately, who.is cannot reveal these details because the illegitimate crook went ahead and purchased whois premium service which actually hides details of site ownership.
So we are left with a site whose ownership is anonymous and untraceable. That makes it a little bit harder to verify their alleged experience in this field.
But most importantly, it also proves that these guys are not after proving their legitimacy. Instead, they are after taking your money and investing it in a pyramid scheme where your money basically sits in the pocket of the operator so that he can choose when and how to distribute a small fraction of the total sum.
The reason why this kind of business is a fraud is because a random stranger is collecting money from members of the public and saying that funds will be invested in Forex and Crypto mining when that is not the truth.
For one to operate a legitimate business in this field, they must seek licensing first. Secondly, they must have a track record that proves their experience in this industry. If none of the two things are present, then you can as well count them as a scam.
We wouldn’t want to waste time analyzing dubious statistics such as ”live deposits and live withdrawals”. This is private banking information that they should not show us. Moreover, there is no form of verification that can tell us whether this information is correct.
This part of the site is therefore a dubious and fraudulent representation of what is truly happening behind the curtains.
It is supposed to make you believe that Profit More is attracting investors from all parts of the globe. If you believe this nonsense, you will lose money. You shouldn’t blame anyone for your eventual predicament.
You want a confirmation that Profit More is a ponzi scheme that will collapse soon?
Look at the referral commission program. A genuine hedge fund company does not involve itself in building a pyramid scheme side of the business. That doesn’t fit well in this line of business.
On the other hand, a ponzi scheme would be glad to incorporate this business model because they want many people as possible to join them.
The more the number of people who make deposits, the more the amount of funds that will come in. The owner becomes more happy when this happens. There is no way a ponzi scheme will fail to include a referral program.
A certificate of incorporation in the UK can mean nothing for scammers. They simply obtain this status to appear legitimate. It does not necessarily mean that their activities are legit.
Don’t look at this criteria to get convinced that this is not a scam. Profit More has just followed into the footsteps of many other scams in this arena. This is not a surprise at all.
Two, if you see that the owner of this site is not willing to disclose ownership details, don’t bother doing business with them because clearly they are crooks.
Third, if there is no evidence that this company is involved in any form of trading or mining of Cryptos, don’t put your money there because it will simply disappear.
Finally, if you come across a site that is promising too good to be true interest rates for your investments, run as fast as your legs can carry you. Something is not quite right.
Now that you know, we expect you to make wise decisions. Avoid Profit More. As a wise investor, you should go for these options instead.
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