In the world of already volatile cryptocurrency comes InvestmentBeta. InvestmentBeta is a supposedly non-Ponzi company founded in 2016. The aim of the online platform was to manage your investment portfolio. What should have alerted any would-be investor is the guarantee to get double of their investment in 7 days. However, that is just a tip of the iceberg in proving that the cryptocurrency scheme is suspicious.
InvestmentBeta claimed to be a privately owned investment company that has managed over $30 million institutional investors fund. It claimed to have opened to the public since 2016 to allow private investors all over the world benefit from them. There are so many red flags and loopholes in InvestmentBeta’s claim, which must be assessed.
- HYIP Investment
InvestmentBeta.Tech is the domain name of InvestmentBeta. The cryptocurrency investment website allegedly doubles your investment within 7 days. It supposedly does this by using high-frequency trade algorithm that is able to lock in the price as profits. Therefore, unaware interested investors can invest their Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The problem with this type of HYIP (High-Yield Investment Program) is that they are scam.
By accepting only crypto payments, which is irreversible, it becomes impossible for anyone to get back their money when swindled. As an investor, you stand to lose a lot because the website stated the minimum deposits you can make with your crypto. The least amount of Bitcoin acceptable is 0.1, 2 Ethereum, 1 Bitcoin Cash, and 10 Litecoin. The claims made by the company is not only impossible, but it is a sham.
- Fictitious Owners
On InvestmentBeta.Tech website, the investors’ funds are said to be managed by “Binary Options Trading Experts”. The question anyone should ask is; who are these experts? First, who are the owners of InvestmentBeta? Of course, the website listed some individuals as the owners, but they are just not real. The company alleged CEO is Sean Brooks; the CFO is James Pedro while the senior board members are Lucy Michaelas and Sarah Lawson. On investigation, these people were found to actually exist but do not have any connection to InvestmentBeta. If the company can have made-up owners, then the experts managing the hard-earned investors’ funds do not exist. The members of the board and the CFO that constitute the company’s owners are also not real.
InvestmentBeta claims to be a privately owned non-Ponzi company. No reputable company would say it is non-Ponzi. It is safe to say without an iota of doubt that the company is fake with a person hiding behind a computer screen to deceive unaware internet users.
- Inadequate Information
On InvestmentBeta.Tech about page, it was supposedly created in 2016 when it was actually founded in 2018 by a Lucy Michaels in California, USA. It discloses neither its corporate entity nor its license. If the company operates within the US then it must have a business operation license to prove its existence. The trading experts who are managing the investors’ funds are also not recognized or licensed and if they are, the information is not on the website. The website does not provide the qualification of these supposed experts that makes them qualified to manage the fund. The website does not provide clear and concise information about how the investors’ money will be invested.
The investment scheme is shrouded in secrecy, which should immediately make investors wary in order not to lose their money. InvestmentBeta did not provide enough information about the company’s registration in the US where it is allegedly operating. The company is surely not open to the public about the information needed by investors. Any entity that is not transparent such as this is definitely a phony built on a lie.
- Bogus Contacts
The only way investors can reach InvestmentBeta is through their email, which reads: email@example.com. The address on the website is 5319 Merle Hay Rd. Johnston, IA 50131, USA. A quick check on Google Map would show you that there are hotels, a restaurant and a vacated lot at this location. This can only mean that the website has no physical presence, so when you lose your money, you cannot hold anyone accountable for it. Since it is specifically stated on the website that no one oversees the activities of the company, then it is completely on its own.
Imagine investing a huge amount of money in an unpopular, unregulated and unlicensed company as this expecting to make double your investment in 7 days. Lo and Behold, you lose your money and you have no one to hold responsible for it. Therefore, if you happen to become a victim of their scam, there is no way to make claim to your money. You cannot communicate with the owners because the platform for one-on-one interaction is not provided. Without a means to reach the firm, it is proof to show that it is a mistake to invest with InvestmentBeta.
- The Verdict
InvestmentBeta.Tech is fake, a way to scam people. InvestmentBeta exists to defraud people. Internet users must beware of a scheme such as this with its many loopholes and traps. This HYIP is set to give the impression that investors can make large returns on their investment within a short period without giving them a clear picture of how it is achieved.
InvestmentBeta does not also give relevant information that will guide any informed investor in making a sound investment decision. The owners cannot be verified and the address does not house any corporate entity. The contact information is suspicious and the year the company was supposedly founded is different from when it was actually created. Though the company is allegedly based in the US, it cannot prove to be registered as an independent entity or affiliated with any registered company.
Many red flags and alerts about InvestmentBeta make it unworthy of any investors’ money. The company is a fraud base on all the evidence provided above and it is therefore not worthy of being called an investment company. The verdict on InvestmentBeta is definitely NO.