In this blog we’ll reveal the Borodex.com scam which is a bogus website that claims to offer an online platform for crypto currencies that promises excellent and lucrative profits, however, in the real world, it swindles investors by refusing to allow users to withdraw their money. We will discuss the method used by the scammers and also what indicators to look for, and what you should do if you’ve fallen into this trap.
Advertisement
- What exactly is the Borodex.com fraud?
- What is the Borodex.com scam function?
- What should you do if are a victim of borodex.com? Borodex.com scam?
- Check If Your Device Is Infected With Malware
- What exactly is the Borodex.com fraud?
Borodex.com is a website that claims to be a cryptocurrency exchange where investors can invest in various digital assets and make significant returns. The website claims that they will earn up to 50% of their profits every day, contingent of the money they put in. The site boasts that it has experts on staff who manage the funds, and offer 24/7 customer service.
Yet, Borodex.com is nothing but fraud that entices unwary investors with bogus promises, and then extorts their funds. The site does not have any legal documents or trading certificates that means that people’s funds and personal information are not protected by this site. The site also doesn’t have details about the company, address for business or contact information, and investors may eventually be disconnected from the owners.
ALSO READ
Favorcarrier Review {2023}: Is Favorcarrier Com Legit Or A Scam?
Dainelylab Review {2023}: Is Dainelylab Com Legit Or A Scam?
Pamelai.Com Reviews: Pamelai.Com Genuine Or Fake
Mirizom Review {2023}: Is Mirizom Com Legit Or A Scam?
Dowabuy Review {2023}: Is Dowabuy Com Legit Or A Scam?
What is the Borodex.com scam function?
The Borodex.com scam works by tempting investors with a promise of unrealistic returns and the trapping of investors into a loop of deposits and fees. This is how the scam works:
The first step is to sign up on the site and then create an account. They then have to select a plan, and make a deposit of $100.
Then, investors are presented with an online dashboard that allows them to view their profits and balance. It also emails emails and messages that congratulate them on their profits and informing them of the need to invest more.
The third is when investors ask for withdrawals, the fraud is set to begin. The website informs them that they must pay a withdrawal charge of 10 percent of the balance. If they do pay the fee, they will be told they need to pay another fee to confirm and security, as well as taxes and so on. Every time they pay a fee they are required to pay for another.
Fourth, the site informs investors they need to pay more to enable their withdrawals or to upgrade their account. According to the website, this is essential to guarantee their security and safety.
Fifth, if investors do not want to pay additional costs or make deposits, then the site does not respond to messages and emails. It also block access to their accounts and erases their account information. Investors are left without money, and have no means to get in touch with fraudsters.
What should you do if are a victim of borodex.com? Borodex.com scam?
If you’ve made a purchase on Borodex.com and discovered that Borodex.com is a scam Here are a few actions you can take:
Stop paying any charges or deposits to the site. Don’t take any threats or excuses they might use to get you to pay.
Contact your credit card or bank company to notify them of the fraud. Request for them to reverse the charge or even cancel your credit card, if it is possible.
Inform officials and platforms online. You can lodge a complaint to the Federal Trade Commission (FTC) or The Internet Crime Complaint Center (IC3) and your law enforcement agencies in the area. You may also make a report via Google, Facebook, Twitter and another social media platform on which they could advertise.
Find a professional for help if require emotional or financial assistance. It is possible to contact counsellors, lawyers or a financial adviser to help you deal with the circumstances and recover the losses.
Conclusion
Borodex.com is a fraud that targets those who are looking to make investments in cryptocurrency and earn rapid gains. It makes use of fake testimonials false reviews, fake reviews, fake awards and false figures to convince investors they are authentic and trustworthy. But, the site is actually operated by fraudsters who take money from investors by refusing to let them take their money. They also request charges and deposit that do not expire.
If you’ve come across Borodex.com or any other similar website Do not make any money on Borodex.com or any similar website. Research thoroughly before investing on any platform online and verify their reputation, regulations and transparency, as well as customer service. If you’ve already made a purchase in Borodex.com and have realized it’s a scam do not be alarmed. Follow the instructions above and attempt to return your money as soon as you can.
