We are going to look at one of the many crypto sites that pose as investment schemes. The essence is to give you insight into the prospects and risks that are associated with investing with this and similar sites. Ordinarily, we are aware that experienced crypto investors are aware when and where they should invest. But we cannot say the same for the many new investors out there, hence the need to run this Crypto Veritas Ltd review.
What is Crypto Veritas LTD?
This is a platform that claims that they monitor the investor strategies of global billionaires. According to the site, those that invest with Crypto Veritas Ltd are given a headstart in their investment journey to ensure that they make profit. It further claims to give all their investors a transparent option of making sure that all investments are based on the blockchain.
According to the site,
“We are here because we are passionate about open, transparent markets and aim to be a major driving force in widespread adoption. We assure you of maximum profit using our platform and of cause [sic] we will safeguard your data.”
However, an investigation by Cryptoinfowatch shows that these are spurious claims since the Mission statement and the vision of the company are obviously fraudulent. A plagiarism search shows that most of the content on the site has been copied from another site which is most likely involved in fraudulent activities. This includes the Mission Statement and the Vision as seen below.
Investigations further show that content on the site corresponds with what many scam sites have been using to lure unsuspecting investors to their dubious offers. The Copyscape result seen above has been replicated in 91 other sites, most of which are scams.
What Services Does Crypto Veritas Offer?
Essentially, what this site has done is to lure unsuspecting people who wish to make quick gains through crypto investment by promising them quick gains. Essentially, Crypto Veritas Ltd claims that it is an investment trading platform that would help the investor to earn high yields from their Bitcoin and Ethereum deposits. It also claims to be a trading site, even though it did not present any proof that it is involved in any form of trading.
What is The Reality On Ground?
According to the Securities and Exchange Commission website:
“The SEC’s Office of Investor Education and Advocacy (OIEA) and the Commodity Futures Trading Commission’s Office of Customer Education and Outreach (CFTC) warn investors to scrutinize investment opportunities through websites purporting to operate advisory and trading businesses related to digital assets. These websites often contain “red flags” of fraud including claims of high guaranteed returns and promises that the investments carry little or even no risk.”
This means that there are many fraudsters working hard to steal your digital assets. It is in your interest to make sure that you protect these assets through carefulness in investing and the conduct of due diligence.
How Long Has it Operated?
The domain was registered on May 10. This means that this is a very new site that has been set up with the hope that some uninformed investors would bite the bait. In any case, what is obvious is that the possibility that you would not lose your funds to this investment is very high. This is why due diligence is absolutely important in the course of investing and the reason why you should go through reviews and advisory before sending your funds to any investment sites.
Why Is This A Scam?
Poor Editing Job
Scams are in classes because there are fraudsters that package their schemes in a way that makes it difficult for even a discerning investor to find it difficult to find the red signs. However, Crypto Veritas Ltd is a poorly set up scam. The owner could not even edit the original content copy. This makes it obvious to detect that this is a scam.
On the About page, they could not replace the name of the site they copied from with Crypto Veritas Ltd but left it as HBC as seen below.
Identity of Owner is Unknown?
Scam sites never reveal the true identity of their owners for obvious reasons. Crypto Veritas Ltd posted the images and names of their team members. These are all probably fake identities. We did a reverse image search for a couple of their team members and were not surprised when the result showed that they had stolen the identity of people and used stock images to represent their team. One team member described as Expert Trader on their page actually used a stock image photo.
It is very obvious that crypto-veritas.ltd is another scam site that has been set up to steal bitcoin and other digital currencies from investors that have not done necessary due diligence. This review should help you to not just be wary of sites such as this but all similar sites. If in doubt, find out what it takes to make a proper crypto investment by contacting us.