Sat. Oct 12th, 2024

Finance Phantom: Don’t Be Fooled by Fake Celebrity Endorsements

By maria Jul29,2024

Finance Phantom is a crypto currency website currently using the faces of celebrities to promote its platform on social media. However, it’s a scam. You will need to deposit $250 to activate your account. At the end of the day, you will receive nothing, and your money will be gone.

We’ve come across similar crypto scams in 2024. Before you sign up, there are some things you should know first.

Finance Phantom

What Finance Phantom Claims to Do

Finance Phantom claims to be an AI trading robot that uses smart technology to study market trends and make profitable cryptocurrency trades automatically. Also it claims to allow traders to have access to a wide range of trading options like stocks and Crypto coins. But it’s not legit, it’s mostly promoted by affiliate marketers and has lots of fake celebrity endorsements.

How The Scam Works

When you create an account, you’re automatically directed to SwissTrade.pro, which is a scam site. Shortly after, you’ll receive a call from someone trying to get you to deposit $240 into the site. After your payment they will tell u some financial provider or person will give u ring next day to set up your account. But then you will not receive any call back or your money.

Downsides Of Finance Phantom

No Info on Brokers

The site says it works with trusted and licensed brokers, but doesn’t provide any details about them.

Missing Company Details

The site doesn’t give any information about who owns the company or the team behind it.

Fake Reviews

The site claims to have great user reviews, but these are fake and paid for. Real review sites like Trustpilot show that many positive reviews are also bought.

Spam Alerts

Once you sign up, expect to start getting spam emails and phone calls to deposit a certain amount of money into the account. This is a tactic used by many scammers.

What To Do If You Fell For The Binozy.com Scam

Cancel your credit card

Immediately call your financial provider and cancel your credit card. By so doing, the credit card details you used for your transaction would become null and void.

Request for a new card

After the old credit card has been canceled, ask for a new card, it doesn’t cost much to get one. Your credit card issuer will issue you a new one with different numbers.

Report the Fraud To Relevant Authorities

Report the scam to relevant authorities and organizations. This includes:

  • Internet Crime Complaint Center (IC3): If you are in the United States, you can file a complaint with the IC3 at https://www.ic3.gov/.
  • Your Local Consumer Protection Agency: Contact your local consumer protection agency or the equivalent regulatory body in your country.
  • Better Business Bureau (BBB): File a complaint with the BBB if the online store is based in the United States.

Similar post: Amber Rose Crypto Currency

By maria

I'm Maria, a journalist. I fact-check and provide accurate information on trending topics. Prior to working on Infoquu, I worked as a Research Analyst for organizations.

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