Dogekit.com Review Dogekit otherwise Known as LTCWork is a Scam HYIP

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High-Yield Investment Program (HYIP)

What Is a High-Yield Investment Program?

A high-yield investment program (HYIP) is a fraudulent investment scheme that purports to deliver extraordinarily high returns on investment. High-yield investment schemes often advertise yields of more than 100% per year in order to lure in victims. In reality, these high-yield investment programs are Ponzi schemes, and the organizers aim to steal the money invested. In a Ponzi scheme, money from new investors is taken to pay returns to established investors. Money is not invested and no actual underlying returns are earned; new money is just used to pay people who entered the scam earlier than they did.

Though this brand of Ponzi scheme has existed since the early 20 th century, the proliferation of digital communications technology has made it much easier for con artists to operate such scams. Usually, an operator will create a website to lure in unsuspecting investors, promising very high returns but remaining vague about the underlying management of the investment fund, how the money is to be invested, or where the fund is located. These funds typically involve the alleged trading or issuance of “prime” bank financial instruments and may include references to prime European or prime world bank instruments. For this reason, this scam is also known as the “prime bank scam.”

Digital communications technology has made HYIPs and other scams easier.

How a High-Yield Investment Program (HYIP) Works

High-yield investment programs (HYIPs) are investment scams that promise unreasonably high returns and often just use new investors’ money to pay off older investors. Of course, this is not to be confused with a legitimate high-yield bond investment, which offers higher than investment-grade interest rates. HYIP operators will typically use social media, including Facebook, Twitter, or YouTube, to appeal to victims and create the illusion of social consensus surrounding the legitimacy of these programs.

The SEC advises that there are several warning signs that investors can use to help avoid being victimized by high-yield investment program scams. These include excessive guaranteed returns, fictitious financial instruments, extreme secrecy, claims that the investments are an exclusive opportunity, and inordinate complexity surrounding the investments. Perpetrators of high-yield investment programs use secrecy and a lack of transaction transparency to hide the fact that there are no legitimate underlying investments. The best weapon against getting sucked into a high-yield investment program is to ask a lot of questions and use common sense. If an investment’s return sounds too good to be true, it probably is.

High-Yield Investment Program (HYIP) Example

An example of an HYIP was Zeek Rewards, run by Paul Burks and shut down by the SEC in August 2020. Zeek Rewards offered investors the opportunity to share in the profits of a penny auction website, Zeekler, at returns of 1.5% a day. Investors were encouraged to let their returns compound and to increase their returns by recruiting new members. Investors were required to pay a monthly subscription fee of $10 to $99 and make an initial investment of up to $10,000. The SEC found that about 99% of the funds disbursed were paid out of the pockets of new investors and that Zeek Rewards was a $600 million Ponzi scheme. Burks was fined $4 million and sentenced to 14 years, 8 months in prison.

Why You Might Think We Are A HYIP (Let’s Debunk This)

Being a new kid on the block comes with many disadvantages. Credibility and skepticism are one of the many challenges we have encountered. We embrace skepticism, as we aim to be 100% transparent. PlutusX transitioning to a public-facing entity means that we are OBLIGATED to be transparent, regardless. Let’s dive into the main point of this article for you skeptical observers.

Over the months we have provided great returns for our clients. They are not typical and past results don’t guarantee performance but many of you are not familiar with Forex so it’s time to explain why these returns are normal in such industry and why we are not an HYIP.

What is an HYIP

An HYIP is an acronym for High-yield investment program. An HYIP is a type of Ponzi scheme – an investment scam that promises an unsustainably high return on investment by paying previous investors with the money invested by new investors (Ref 1).

How an HYIP Operates

The Ponzi-Scheme is often marketed with 100%+ monthly returns as a guarantee to lure clients in. There is immense secrecy surrounding the HYIP funds and even false exclusivity to create a sense of urgency. It is possible for clients to make money. However, less than 1% can make money if they enter in early enough, profiting off the losses at other clients peril. As online payments have evolved to become more frictionless, HYIPs have become more prevalent.

Why We Are Not an HYIP

We display our monthly results and never make guarantees that past results are indicative of future returns. We even market the bad days and weeks, to show clients that we are in the real market and losing trades (days/weeks) are possible. We encourage clients to talk to their financial planners before participating in our MAM. We have a dedicated channel giving away each trade we take, with detailed technical analysis, for free. So if a client was suspecting us being an HYIP they could simply match our trades given for free and test the results themselves. We pride ourselves on financial literacy, transparency, and equal opportunities for clients who cannot participate in the MAM, directly.

We are trading forex with a 1:200 margin ratio. The concept of leverage is used by both investors and companies. Investors use leverage to significantly increase the returns that can be provided on an investment (Ref 2). This margin trading style can inherent significant risk which we tell clients about before participating. This margin trading style also allows us to leverage our client’s money to yield greater returns with a smaller portfolio size. Cool, right?

We have a community group where clients can freely talk about the highs and lows of the trading week. There, interested observers can freely ask the team questions or the members their experience. We have 24/7 customer support and focus on customer satisfaction.

We are NOT custodians of the clients’ money. We use an IFSC (Ref 3) regulated 3rd party broker to hold clients. The MAM technology segregates each client account separately giving the money manager trade-only access. There is a 0% possibility of PlutusX running off with the money as the MAM technology and the Broker act as a two-wall barrier.

Lastly, clients are allowed to view all trading activity live via their desktop or mobile device. They can monitor and withdrawal from participation at any moment they choose.

We understand why HYIPs can be appealing. The idea of seeing money double in 100 days sounds almost fantastic and unbelievable. Taking advantage of a proper trading strategy that implements safeguarded risk management copulated with 3rd party intermediaries, MAM technology and leverage 100% returns can be and is possible. Our mission since inception is to give the same investment opportunity to clients that otherwise would be exclusively reserved to the ultra-wealthy. We have democratized the wealth-generating tools.

So why do people think we might be an HYIP?

Simple. We are providing services that are usually withheld from the public. Is this for everyone? No. But we do give everyone the same opportunity — end of the day the choice is yours to put it to use.

You can learn more about our services by clicking the button below:

References

Disclaimer

We are not financial advisors and none of this information should be misconstrued as financial advice. We strongly suggest that you consult your personal financial advisors. We suggest that you continue the research before coming to a decision even if this article is considered a portion of your research.

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eProfitHub.io is a Ponzi Scam Beware!

eProfitHub.io Review Summary

eProfitHub.io scam is a crypto ponzi HYIP scheme that claims ROI is generated from building profitable website hubs and pays you passive returns. But that is all lies for the gullible investor.

Table of Contents

eProfitHub.io Scam Review

Please read this eProfitHub.io review. Is eProfitHub a scam? Yes it is a 100% Ponzi scam. It is just another crypto ponzi scheme scam, also known as a HYIP or High Yield Investment Program.

A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainable high returns on investment by paying previous investors with the money invested by new investors.

eProfitHub.io pays 0.25% every hour which works out to 6% per day for 60 days. This works out to a 360% ROI which is extremely unsustainable. However, this is very attractive to the ponzi pimps and crypto scammers who earn an additional 10% referral commissions on 3 levels..

eProfitHub.io will be short lived and will collapse soon. These crypto passive programs usually only last a few months before they scam out and steal your money/cryptocurrency.

What is eProfitHub.io?

According to their website:

eProfitHub.io is the culmination of nearly 2 decades of experience in building highly profitable website portals or “hubs” that generate income for a lifetime after they’ve been setup.

Each of these hub’s that we create, can produce a lifetime of income for our company which we then pay back to you in the form of interest.

This “interest” is paid to you every hour of the day directly from our network of hub’s.

20 years of experience building website portals that generate a income for life? …Yeaaahh Okay, I hope you don’t believe these lame stories how they generate ROI do you?

The eProfitHub.io Scam opportunity was officially launched on February 4th, 2020.

What makes it a scam? There is no actual proof of ROI. No real verifiable proof of that these website portals/hubs actually exist. ROI is generated from recruitment of gullible investors new money only.

The domain eProfitHub.io is privately registered and expires October 15th, 2020. Another telltale sign of a ponzi scam is a 1 year domain registration, because it will collapse and exit scam before then.

eProfitHub.io is a registered company in the UK. This does not mean they are legit or a real business. Anyone can register a business in the UK by paying a fee of $40-$100.

All crypto passive income programs are scams and are purely money games and eProfitHub is no different. ROI comes from recruiting only, so once recruitment slows down, the ponzi scam will collapse, as they all do. Crypto ponzi scams are illegal and immoral, and steal millions of dollars from gullible investors. Ponzi Pimps that promote these scams do not care if they are scams, they only care about getting paid commissions from recruiting you into these ponzi scams. Once the ponzi scheme collapses, you’re money/crypto is gone and they move on to the next scam.

eProfitHub.io Review Products:

eProfitHub.io has no products, more proof of HYIP ponzi scheme.

eProfitHub.io Investment:

eProfitHub minimum investment is $10 and there is no maximum investment. They accept cryptocurrency as payment only such as Bitcoin, Litecoin, Dogecoin, Ethereum, Dash, and Bitcoin Cash.

Minimum withdraw in bitcoin is $5.00.

eProfitHub.io Compensation Plan

eProfitHub pays 10% commissions on referrals deposits on 3 levels.

Referral Commission Table
1st Level: 8%
2nd Level: 1%
3rd Level: 1%

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eProfitHub.io Conclusion:

eProfitHub.io is an HYIP scam, its on HYIP monitor sites. They are making up a BS story how they generate ROI from building super profitable website portals that create a lifetime of profit. And of course, there is no proof of ROI to back up these claims.

Passive crypto programs are getting creative these days with all the new fake ways and lies they will tell you how they generate ROI. Usually they claim they generate ROI from mining and trading, which we all know is a lie. So now, they make up a new lie about website hubs LOL.

Paying 6% ROI per day is unsustainable.

Warning Signs That Your High-Yield Investment May Be a Scam

High-yield investment programs (commonly known as “HYIPs”) have seen a recent surge in popularity, fueled by social media and savvy Internet marketing tactics. However, while these HYIPs often promise quick, substantial returns – in some cases as much as 100 percent per day – as the Financial Industry Regulatory Authority (FINRA) puts it, “virtually every HYIP we have seen bears hallmarks of fraud.”

Most HYIPs operate like Ponzi schemes, and they use flashy, attention-grabbing, and often aggressive marketing tactics to get individuals to “invest” in their “guaranteed” returns. However, in most cases these programs use new investors’ funds to repay earlier investors—while the operators keep most of the money for themselves. In some cases, investors have lost tens and even hundreds of millions of dollars by giving money to fraudulent HYIPs.

Warning Signs of High-Yield Investment Scams

The following are all potential warning signs that a high-yield investment program is a scam:

1. A Promise of Guaranteed Substantial Returns

Historically, even the best stocks have averaged returns of less than ten percent per year. How, then, do HYIPs offer 30, 60, and even 100 percent returns daily? The answer is: they can’t. If you see a promise of unrealistic returns, you are most likely looking at a scam.

2. No Information about Investment Strategy

Many HYIP operators seek to get individuals so excited about the possibility of unattainable returns that they simply sign up without doing their research. Unfortunately, this strategy often proves successful. If you cannot find any information about the program’s investment strategy on the company’s website (or, worse, if they won’t give you any information when you ask for it), the program may be a fraud.

3. No Information about the Company or its Founders

Understandably, most HYIP operators prefer to remain shrouded in secrecy. On the other hand, legitimate investment funds and fund managers should be more than willing to tell you about their experience and investment history. Companies that offer investment opportunities without sharing any information about themselves (in many cases not even an address) are in many cases operating fraudulent HYIPs.

4. No FINRA or SEC Registration

In almost all cases, individuals and companies that offer securities to U.S. residents must be registered with both FINRA and the Securities and Exchange Commission (SEC). You can check to see if the person or firm that is offering you an HYIP is registered using FINRA’s free BrokerCheck service.

5. You Are Required to Use E-Currency

These days, most HYIP scam artists require program “participants” to use some form of e-currency. Legitimate investment brokers will not require this. If you are asked to register an e-currency account as a condition to participating in an investment program, the program is probably an HYIP scam.

Have You Fallen Victim to a High-Yield Investment Scam? The Attorneys at Zamansky LLC May Be Able to Help

At Zamansky LLC, we help individuals recover their losses after falling victim to high-yield investment scams and other types of securities frauds. If you would like to speak with an attorney about your situation for free, call (212) 742-1414 or send us a message online today.

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