Scams would call your bluff because they know that most people embark on investment quests without conducting due diligence. Yet, these investors expect to keep their money and even grow them.
This is why a site like Moretoninvestment.com could claim it was registered by SEC, even though it could not provide evidence that it’s involved in a legitimate business.
One does not need careful analysis to deduce that this cannot possibly true mainly due to the type of business the company does. In any case, the essence of this review is to give you guidance on the activities of this site so that you may make informed decisions, so before you make that deposit that commits you to this site, read through this review.
What is Moretoninvestment?
Moreton investment claims that they are there to help you manage your investment because they are aware that you’re too busy to do that yourself.
In other words, these strangers are asking you to send them your money promising to make it grow like a tree, earn a lot of profit and share the windfall with you.
The site claims they are financial experts that are so good at managing investments that you must make money, possibly double the funds you deposited with them in less than a month.
According to them,
“We continually monitor market conditions to match your needs with the products and services available today, and in the future. As a result, we’ve delved into the cryptocurrency markets harnessing it to suit your investment goals and objectives. This consistent focus results in long-term relationships. We go the extra mile to deliver financial stability to you!”
Sounds good, right?
Strangers Hiding Behind The Web
It absolutely makes no sense to send your hard-earned money to strangers on the internet just because they could set up a website that promises you pie in the sky. How do you know that they would keep their promises when it’s time to pay you back your investment?
There are a number of questions that a company should answer truthfully before they are qualified to manage your assets. Some of these questions are:
- Is the company registered with the relevant authority that has oversight function over such businesses?
- How sure are you that the funds they receive are not converted to personal use?
- How can you confirm that they are actually involved in the business that they claim they’re doing?
- Are the identities of the operators known?
- If the site goes off the web after you have sent funds to them, are the owners accessible to law enforcement authorities?
- Online Reputation – How long has the site been in business?
- These are some of the questions that we can use to prove the suitability of Moretoninvestment.com as an investment site which if it fails should raise a red flag that this is another scam that should be avoided.
Is the company registered with the relevant authority that has oversight function over such businesses?
Moreton Investments LLC the company behind the site claims to be registered with SEC. A check of the regulator’s database shows that the company was registered, however there are certain discrepancies such as registering alternative names that may point to a shady company.
Aliases with which the company was registered are MORETON ASSET MANAGEMENT, LLC , MORETON FINANCIAL SOLUTIONS, LLC , STRATA ASSET MANAGEMENT , STRATA ASSET MANAGEMENT, A DBA OF MORETON ASSET MANAGEMENT.
Terminated in Four States
Why would a legitimate company have many aliases? It is obvious there is something fishy about this business. No wonder their license was terminated by four states: Arizona, Utah, Colorado and Idaho.
Furthermore, it is important to know that the SEC filings are basically notification. The agency stated on its site;
“Investment adviser firms registered with the SEC may be required to provide to state securities authorities a copy of their Form ADV and any accompanying amendments filed with the SEC. These filings are called “notice filings”. Below are the states with which the firm you selected makes its notice filings. Also listed is the date the firm first became notice filed or registered in each state.”
In other words, SEC may not be able to monitor the activites of all the companies that it registered, so we can gain more insight into the activities of such companies through the states. Since four states terminated the license of Moreton Investments, it is safe to keep away from this company knowing there is something shady about it that resulted in the termination.
How sure are you that the funds they receive are not converted to personal use?
There are many phony sites that claim they’re investment managers but actually convert the funds sent to them by investors to personal use. There are many instances in which investigators have seized exotic cars and mansions bought with investors’ funds by so-called fund managers.
How can you confirm that they are actually involved in the business that they claim they’re doing?
Many sites that promise quick returns such as Moretoninvestment.com are at best ponzi sites that pay a few early investors the promised ROI. These investors help spread word around for the company as affiliates. The operators of such sites would target certain volume of funds and when the investor expectations and demand is high. This is when they stop paying and confirm their exit scam status.
Are the identities of the operators known? If the site goes off the web after you have sent funds to them, are the owners accessible to law enforcement authorities?
A look around the Moreton Investment site shows that the owner’s identity is not known. They basically are unknown entities hiding behind the web to take money from people.
Online Reputation – How long has the site been in business?
A Whois search of the domain shows that it was registered on December 29, 2018. This means that this is a new business despite the claims of the owners. The fact that we do not know who the owners are points to the suspicion that they are not professional fund managers. If they are, they would have nothing to hide since transparency is an aspect of legitimacy.
There is no doubt that this is a shady site. The fact that it offers high returns on your investment (up to 5% daily) is a clear indication that this is a scam site. No genuine investment company would give you such ROI which is equivalent to 150% ROI monthly.
Scam companies usually entice people with big gains that are irresistible to the greedy. The purpose is to the get the money first and tell stories later. If you’re searching for a genuine investment site, check our recommendation.
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