[SCAM] Arbirate.com - Ponzi scheme

[tvplus006]

What happened: Ponzi scheme

6% PROFIT PER DAY

Profile Link: https://bitcointalk.org/index.php?topic=5288815.0
Archived: https://archive.vn/wip/DqEnM
Scammer Profile Link: https://bitcointalk.org/index.php?action=profile;u=2517005
Website: https://arbirate.com/
Archived: https://archive.fo/ImZPZ  https://archive.vn/leqQU

   Domain Name: ARBIRATE.COM
   Registry Domain ID: 2552044407_DOMAIN_COM-VRSN
   Registrar WHOIS Server: whois.namecheap.com
   Registrar URL: http://www.namecheap.com
   Updated Date: 2020-10-21T11:02:22Z
   Creation Date: 2020-08-10T15:09:35Z
   Registry Expiry Date: 2021-08-10T15:09:35Z

[qwertyup23]

Man, again with these ponzi schemes!

Those ridiculously high returns given in a short amount of time are very unrealistic. I really doubt that a company would offer those kinds of returns without planning on anything shady or any exits. Based from my experience, after investing into a ponzi scheme, they will make it appear that the funds you deposited will accrue each day with the interest. A week or a month before its promised maturity date, you will experience problems in withdrawing these funds and then the website will just crash.
I hope people would truly avoid ponzi schemes as it is definitely deceiving and convincing.

Thank you for reporting this, tvplus006!