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Treasure Boom is a company that collects funds from investors with allegations of using the money for Bitcoin mining rigs. The money you deposit, they assure you it will only be used to generate returns. Unfortunately, this platform is another Ponzi scheme in the market that is after investors’ money.
It will help if you exercise caution when dealing with online investment companies. The majority of them have no intention of making you productive, although they state that their sole purpose is to ensure you make a decent earning. Every platform assures you they are the best, but are they?
Treasureboom.com states that the reason why they solicit money from their clients is to set up and maintain the mining rigs. It is a method for funding their project, and they additionally proclaim that mining activity is expensive in general.
Due to this purpose, the company has four investment plans that they offer to their customer. To enjoy their services, you will need to deposit funds worth $1,000. However, they urge you to deposit more for you to earn even more profit.
The ultimate investment plan will cost you $15,000. The pyramid scheme guarantees that you will earn a profit of 100% within one day if you deposit $15,0000. The deal is too enticing, but considering that this platform has characteristics of a Ponzi scheme, it would be better if you stay away.
There are better mining companies in the market that will offer you reasonable returns under a set timeline. There is no legit firm that would provide you with such ridiculous returns. Do you need to ask yourself the hard questions about what is in for these people? Why are they offering high returns to their clients than their competitors? Do they have a history or a reputation that sets them apart?
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Treasure Boom is a platform that is being run by professional scammers in the industry. They will convince you to send them your BTC. If you buy their narrative, that will be the last time you will have access to your funds.
They are targeting novice investors since there is no expert investor who would be foolish enough to buy their allegations. We have compiled facts for you to prove that this is nothing but a pyramid scheme.
First is an investment company ask you for funds to invest in packs; it is a sign they are not involved in mining activities. Usually, legit mining firms will have to mine their hardware already running. Furthermore, the profit that Treasure Boom is offering raises many questions.
Crypto mining is not as profitable as it used to be in the past. There are significant factors in line that have come up affecting the return rate. The method that this pyramid scheme is using is very suspicious. Nonetheless, this not mean that you cannot make a decent earning but not the absurd profit that Crypto Boom projects.
Treasure Boom lacks transparency in their dealings; they do not mention the people behind their operation. The founder and his team are running the show behind shadows. The only info that we have is they have a team of experts who know to diversify risks. They have insight into the digital currency industry; hence they know how to invest wisely.
The information is not enough to validate their allegations. It would be better if they showcased their qualification to credit them as well as create trust with investors. If indeed, Treasure Boom is a mining company, they would not shy away from providing visible evidence.
The company asks for a very high amount of money from investors considering they do not have a reputation in the market. It would be unwise to trust them with your funds. They do not discuss the safety of funds in their system.
Additionally, the company does not avail of methods that you can use to deposit your money. Their FAQ entails inadequate information that does not help anyone. They only address how they protect their investors against DDoS attacks.
Treasure Boom wants to divert your attention by not mentioning the least amount of money that you can withdraw. The withdrawal requirement is not discussed. Hence you will be risking your money.
The business model that they utilize is not disclosed. They only promise users huge returns, yet we do not know how they handle risks, their win, and draw down rates. Considering they depend on their team to make these returns, it does not add up.
Before you invest in any company, know all the requirement like how long does it take them to process your money. Does the company have hidden charges? Is there proof of payment? Speaking of which Treasure Boom claims that they are the best, but we could not find any evidence that they are paying.
With the returns that they are offering, we should see many people endorsing their services. Unfortunately, this is not the case since they are not offering any investment services.
Treasure Boom is allegedly located at Louisville, Kentucky, USA. However, they do not provide their specific address to help investors or interested party to find them. It raises more suspicion since they leave us guessing.
The company is not transparent, and the reason behind this is because they are not based in the USA. It is just for shows and convinces clients they are credible. To contact customer support, they have a phone number and an email address.
Pyramid schemes use random phone numbers to call their clients. They will convince you to deposit your money for higher rewards, and once you follow their instruction, they will blacklist and never contact you again. Your email will go straight to spam.
Additionally, Treasure Boom is operating illegally. Since they claim they are from the USA, they need to have a license from NFA. Unfortunately, they do not have the regulatory documents. Usually, you find that majority of investment companies are not based in the US. This is due to the hefty laws that they need to follow.
They have to disclose the financial institutions that safeguard users’ money. Without this info, you will only deposit to the scammer’s pockets directly. Additionally, we do not know if they have a compensation scheme, but given how they are operating, we highly doubt they do.
The various government in the world are trying to protect their citizen by all means. The company is collecting funds from all over the globe, and for them do operate legally, they will need several licenses from recognized financial watchdogs in the market.
Treasure Boom claim they are a mining company, but they do not show evidence they have Bitcoin mining pools. The company is a Ponzi scheme that only interest is to get their hands on your money.
Trust only legit mining companies in the industry to make a reasonable amount of return. Avoid platforms that promise you vast riches within the unrealistic duration. The pyramid scheme also states that they have been in the market for 10 years, but the information we found on Whois.com proves that it is not correct as they are less than one-year-old.
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