In this profits fund review, we would be verifying their claims as much as possible, and compare that to similar scams of the past to help you make a decision for yourself.
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Profits Fund Review | The entity registration
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about:blankAdd titleThe Best and Unbiased Profits Fund Review in 2021
In this profits fund review, we would be verifying their claims as much as possible, and compare that to similar scams of the past to help you make a decision for yourself.
Profits Fund Review | The entity registration
Profits Fund claims it is operated by Crypto Earning Limited, registered in by company house with registration number #11104800 in the FAQ section of the website.
However, at the footer of the same website, they claim to be registered with a registration number 12220392.
Now one would think since it is a registered entity, it might actually be a legal business, which is far from the truth.
Some of these fraudulent sites find a way to register to add some claim of legitimacy to their unsuspecting victims, note that being registered doesn’t mean you can’t be a Ponzi scheme.
However, some of these schemes just outright use other company names as if they were founded or backed by that company when in reality, the real legitimate business has nothing to do with the scam.
One final thing you should note is that registration on company house is cheap, and criminals can use a fake ID, to create a company there with very little ease, thus being merely registered doesn’t mean you are legitimate, your entire structure needs to be looked at.
When it comes to legality, and genuineness of Profit funds, we indeed score it zero (0) out of 100
As with many other fake online investment platforms that we have reviewed in the past, this one takes the same approach, they are either unregistered, or if they are registered, they do not have a license to operate an investment business, or are registered entirely for other purposes other than an investment company.
Profits Fund Review | The Investment Plans
- Startup – 3.4% daily
- Advanced – 500% per month
- Gold 300% per week
- Platinum 400% every 10 days
- Business Prof 230% every 3 days
- Crazy Hourly 108% per hour
- Hourly Pro 140% per hour
- Trading Pro 450% every 15 days
Now stay with me here, if someone can indeed make 108% profits for themselves, let’s just assume Profits funds have indeed a secret trading strategy that can make them 108% per hour, every hour of the day, why in heaven’s name do they need a website for your money?
Except, they do not have any secret trading strategy, indeed, the very goal is to take your money from you, How?
Well, from the start, they would pay old investors with money from new investors, but that has a limit as not everybody is interested in being scammed, and even if everybody is, at some point, they would run out of new customers.
What’s more important for you to know is that they would pay you for a while, with other people’s money, and keep the difference for themselves.
With regards to investment plans, we score Profits fund = zero (0)
Profits Fund Review | Founders, Management.
In line with every fake investment platform we have reviewed, Profits Fund does not list its founder’s or its management team.
There are situations where some fake investment sites, might put up some names and pictures, claiming to be managers or owners of the fund, where in reality these names or people know nothing about the existences of the fund.
This is done to sway attempts at reaching them when they finally pull the plug and disappear with your money.
On management issues, we score Profits fund = zero (0)
Profits Fund Review | Other Matters
It is likely that Profits fund has a correlation with cryptoearns.net, which runs a similar scheme with Profitsfund.com.
This image above is from the FAQ section of Profits fund websites. We are not sure yet what the correlation is.
However, you should know that the cryptoearns.com website is still live and the last withdrawal as shown on that website was 4 months ago at the time of writing this article.
The correlation might be from purchasing the same theme, or the same HYIP script, or the platforms being run by the same individual or group of individuals.
Conclusion of Profits Fund Review
This investment platform has all the signs of a Ponzi scheme, You should be extra wary about putting your money there, chances are that you would lose it.
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Profits Fund claims it is operated by Crypto Earning Limited, registered in by company house with registration number #11104800 in the FAQ section of the website.
However, at the footer of the same website, they claim to be registered with a registration number 12220392.
Now one would think since it is a registered entity, it might actually be a legal business, which is far from the truth.
Some of these fraudulent sites find a way to register to add some claim of legitimacy to their unsuspecting victims, note that being registered doesn’t mean you can’t be a Ponzi scheme.
However, some of these schemes just outright use other company names as if they were founded or backed by that company when in reality, the real legitimate business has nothing to do with the scam.
One final thing you should note is that registration on company house is cheap, and criminals can use a fake ID, to create a company there with very little ease, thus being merely registered doesn’t mean you are legitimate, your entire structure needs to be looked at.
When it comes to legality, and genuineness of Profit funds, we indeed score it zero (0) out of 100
As with many other fake online investment platforms that we have reviewed in the past, this one takes the same approach, they are either unregistered, or if they are registered, they do not have a license to operate an investment business, or are registered entirely for other purposes other than an investment company.
Profits Fund Review | The Investment Plans
- Startup – 3.4% daily
- Advanced – 500% per month
- Gold 300% per week
- Platinum 400% every 10 days
- Business Prof 230% every 3 days
- Crazy Hourly 108% per hour
- Hourly Pro 140% per hour
- Trading Pro 450% every 15 days
Now stay with me here, if someone can indeed make 108% profits for themselves, let’s just assume Profits funds have indeed a secret trading strategy that can make them 108% per hour, every hour of the day, why in heaven’s name do they need a website for your money?
Except, they do not have any secret trading strategy, indeed, the very goal is to take your money from you, How?
Well, from the start, they would pay old investors with money from new investors, but that has a limit as not everybody is interested in being scammed, and even if everybody is, at some point, they would run out of new customers.
What’s more important for you to know is that they would pay you for a while, with other people’s money, and keep the difference for themselves.
With regards to investment plans, we score Profits fund = zero (0)
Profits Fund Review | Founders, Management.
In line with every fake investment platform we have reviewed, Profits Fund does not list its founder’s or its management team.
There are situations where some fake investment sites, might put up some names and pictures, claiming to be managers or owners of the fund, where in reality these names or people know nothing about the existences of the fund.
This is done to sway attempts at reaching them when they finally pull the plug and disappear with your money.
On management issues, we score Profits fund = zero (0)
Profits Fund Review | Other Matters
It is likely that Profits fund has a correlation with cryptoearns.net, which runs a similar scheme with Profitsfund.com.
This image above is from the FAQ section of Profits fund websites. We are not sure yet what the correlation is.
However, you should know that the cryptoearns.com website is still live and the last withdrawal as shown on that website was 4 months ago at the time of writing this article.
The correlation might be from purchasing the same theme, or the same HYIP script, or the platforms being run by the same individual or group of individuals.
Conclusion of Profits Fund Review
This investment platform has all the signs of a Ponzi scheme, You should be extra wary about putting your money there, chances are that you would lose it.
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