[2017-02-01] Beware of Crypto-MLMs and High Return Investments on Social Media

[Gembul]

News Bitcoin - Beware of Crypto-MLMs and High Return Investments on Social Media

Unfortunately, the world of cryptocurrency has seen a bunch of people running scammy ‘investments’ preying on people’s lack of knowledge. Over the past couple of years, shady organizations such as Onecoin, MMM Global and others have brought a slew of shady characters operating get-rich-quick schemes and Multi-Level Marketing scams. It’s good to know how to spot these types of sketchy operations and refrain from participating.

Bitcoin.com has done extensive reporting on the likes of the so-called digital currency Onecoin. We’ve also covered a few other MLM operations that use virtual currencies and have uncovered many red flags associated with these businesses and their employees. Besides Onecoin, there is a vast amount of other scams that people should be aware of so they can better protect themselves and their legitimate investments.

READ MORE >>> https://news.bitcoin.com/beware-crypto-mlms-high-return-investments/

[1715098672]

1715098672

[1715098672]

1715098672

[1715098672]

1715098672

[1715098672]

1715098672

[Slark]

Usually when you see MLM, HIYP or Pyramid or any kind of hybrid, unsustainable in the long run type of investment, there are obvious red flags you can spot at first glance.

- the investment returns are abnormally high, extremely consistent - they are advertised as sure way of earning money

- creators of scam investments promise you that they will double your money in 3 days, week, month, etc. - risk free

- there is no contract info, address, not to mention brick and mortar headquarters or anyone with real social media profile behind the company