CashGenUK.com review is here to reveal the truth about CashGenUK scam company. Yes, CashGenUK is a scam, not a genuine or trustworthy company. Yes, we agree that it may pay a few members but that doesn’t make it legal or sustainable. It will stop paying sooner or later due to which the majority of members will lose their money. Why? Well, let’s find out the answer in detail through our Cash Gen UK review here.
Why is a Cash Gen UK scam? What is CashGenUK.com in real?
CashGenUK is a fraudulent website due to the following reasons:-
# CashGenUK is a Ponzi scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the general public to stay out of the Ponzi scheme due to its unsustainable nature. The majority of members will lose their money in Ponzi scheme and only a few ones who join the system at first will make some few bucks due to which you will find out few people who promote and support some Ponzi schemes.
# We can say Cash Gen UK is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay huge profit like 21000% profit in 5 days on the investment amount of members/affiliates by using the money of members in the Digitial Currency market, Foreign Exchange market, and Stock market. But, it fails to provide proof of the existence of its so-called investment in Digital Currency market, Foreign Exchange market, and Stock market. On top of that, none of the experts in the Digital Currency market, Foreign Exchange market, and Stock market can guarantee to pay a 21000% profit in 5 days. So, the business claim of CashGenUK doesn't make any sense and prove itself to be a Ponzi scheme. This proves it doesn’t have any real source of income and only can pay members by routing the money between the members which is not a sustainable business.
# All the Ponzi schemes like CashGenUK trick people by showing the real payment proofs because they pay few members at starting by routing the money between the members so that they can lure more people into their scheme by showing those payment proofs. However, it is practically not possible to pay all members in that way because when they pay one member, they need to use the money invested by other two members so that they can pay the principle and profit to that one member. But, whenever they pay members in that way, they will create a debt equal to the amount of profit that they use to pay the members. So, even Ponzi schemes like CashGenUK want to pay all members they can’t because day by day the debt will be kept on increasing and they will not have enough fund to pay all members. That’s why Ponzi schemes like Cash Gen UK are illegal schemes.
# CashGenUK has tried to trick people by showing the company’s registration document registered from the UK Companies House in the name of CASH GEN UK LIMITED. But, don’t fall for that trick. Lots of Ponzi schemes in the past had already turned into scams which were registered from the UK Companies House. Actually, it is very easy to register a company in the UK Companies House by providing the virtual address which you can rent from the virtual address provider services as well as by providing the third person identities. Even you can register a company in the UK Companies House without a big hassle. On top of that, such kind of registration is not the license to run an investment company like CashGenUK, but just a registration for the tax purpose. On the other hand, there is not any proof that proves CASH GEN UK LIMITED is operating the CashGenUK website.
# CashGenUK also operates another illegal scheme known as a Pyramid scheme because any company which pays the referral commission up to multi-level downlines without selling any retail products or services is known as a Pyramid scheme. CashGenUK is also claiming to pay the referral commission up to 3 levels of downlines but without selling any real products or services, just on the sales of its Ponzi ROI plans. So, this makes CashGenUK a Pyramid scheme as well. Legal authorities have already issued warnings to the general public to stay out of Ponzi and Pyramid schemes like CashGenUK. So, if you still don’t believe us, you can ask the legal authorities in your country to check the business of CashGenUK, then you will find out the reality yourself.
Now you know that CashGenUK is a Ponzi-Pyramid hybrid. So, Cash Gen UK is a scam. That’s why we have listed Cash Gen UK within our “Scams” category which means we don’t recommend you to invest in CashGenUK.
Actually, these days there are many Ponzi schemes online such as BTCSmartInvest, BTCMidas, PerfectGoldInvest, eMine, GudCash, UltraInvestments, MiningTower and so on. So, stay away from any sites which show you easy money.
If you want to report something about Cash Gen UK Limited or add your own CashGenUK.com reviews, then please feel free to leave your comment below. You can also comment below to report about similar kinds of scams or even to report about any kinds of scams. After all, we are here to spread awareness about the scams. So, let’s do it together. Let’s save innocent people from scams.
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