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Author Topic: Novo exchange - Scam escrow  (Read 78 times)
MrH4sh
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November 11, 2018, 07:32:09 AM
 #1

Been approached with sellers wanting to use Novo Exchange as escrow service.
https://novoxchange.com

To my opinion this escrow is a complete scam.

No company info on the webpage. No company registration.
Internet reviews from two different sites who seems to be made by the same persons behind Novo Exchange.
Sites contains little or no real other articles other than this positive review of Novo Exchange.

https://virtualcurrencyreview.com/2018/03/10/novoxchange/

We made a call to the customer support. The guy answering did not know why I was calling.
Definitely answered in his home. When asked why they had ha US based phone nr +1 (914) 303-7610 they had no real answer.
The company is supposed to be in Sydney Australia.

Everything points in the same direction.
I would love to be wrong so if we are, please show us proof of the legitimacy of this escrow service.
If not, this is currently the only post on the internet showing the truth behind this scam.

The strategy they use is that the intermediary wants to stay anonymous or gives bogus info.
They tell to put all trust in the escrow service, not him or the seller.
Dont know what will happen if you put your money into the escrow but I can make a wild guess.

Use with caution.
Correct me if I am wrong.
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SFR10
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November 15, 2018, 07:57:45 PM
 #2

In addition to your findings:
- It's a rip-off...





Quote
Domain Name: novoxchange.com
Updated Date: 2018-09-11T14:28:31Z
Creation Date: 2009-05-01T11:43:33Z

Quote
Domain Name: ITBIT.COM
Updated Date: 2018-09-25T19:27:08Z
Creation Date: 1997-10-31T05:00:00Z

magneto
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November 18, 2018, 10:31:11 AM
 #3

Been approached with sellers wanting to use Novo Exchange as escrow service.
https://novoxchange.com

To my opinion this escrow is a complete scam.

No company info on the webpage. No company registration.
Internet reviews from two different sites who seems to be made by the same persons behind Novo Exchange.
Sites contains little or no real other articles other than this positive review of Novo Exchange.

https://virtualcurrencyreview.com/2018/03/10/novoxchange/

We made a call to the customer support. The guy answering did not know why I was calling.
Definitely answered in his home. When asked why they had ha US based phone nr +1 (914) 303-7610 they had no real answer.
The company is supposed to be in Sydney Australia.

Everything points in the same direction.
I would love to be wrong so if we are, please show us proof of the legitimacy of this escrow service.
If not, this is currently the only post on the internet showing the truth behind this scam.

The strategy they use is that the intermediary wants to stay anonymous or gives bogus info.
They tell to put all trust in the escrow service, not him or the seller.
Dont know what will happen if you put your money into the escrow but I can make a wild guess.

Use with caution.
Correct me if I am wrong.

No. Don't even use with caution. Completely ignore the site as if it doesn't exist, and stay far far from it.

The telltale signs presented by the site here is more than enough to confirm your suspicions, in my opinion. You really just need to look at the fact that a random person you were dealing with somehow just pointed you to this escrow site that no one has ever heard before and wants you to entrust money with them. The fact is that the vast majority of these escrow websites are completely fabricated and scams. They're unregistered, google search of them shows nothing to help their reputation, and the phone number that you called obviously didn't seem right.

Good on you on actually taking the time to research before you dealt with them, because you would have definitely lost money. Stick to forum escrows that are well trusted, there are many lists of them available.
algogenius
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December 17, 2018, 09:41:33 AM
 #4

This is definitely a scam.
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