Litenet.LTD Review: It's Not Legit: Litenet LTD Scam
Litenet LTD Review: Find the truth about Litenet LTD scam company here. Yes, Litenet LTD 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 Litenet LTD review here.
Why is the Litenet LTD scam? What is Litenet.LTD in real?
Litenet.LTD is a fraudulent website due to the following reasons:-
# Litenet.LTD 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 Litenet LTD is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay high profit like 12% profit daily on the investment amount of members/affiliates by using the money of members in the cryptocurrency mining and trading field as well as in foreign exchange market. But, it fails to provide proof of the existence of its so-called investment in the cryptocurrency cloud mining and trading field as well as in the foreign exchange market, there's no evidence on that. On top of that, none of the experts in the cryptocurrency or foreign exchange market can guarantee to pay a 12% profit daily. So, the business claim of Litenet LTD doesn't make any sense and proves 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 Litenet LTD 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 Litenet LTD 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 Litenet LTD are illegal schemes.
# Litenet LTD has tried to trick people by showing the company’s registration document registered from the UK Companies House in the name of LITENETLTD LTD. 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 Litenet LTD, but just a registration for the tax purpose. On the other hand, there is not any proof that proves LITENETLTD LTD is operating Litenet.LTD website.
# Legal authorities have already issued warnings to the general public to stay out of Ponzi schemes like Litenet LTD. So, if you still don’t believe us, you can ask the legal authorities in your country to check the business of Litenet LTD, then you will find out the reality yourself.
Now you know that Litenet LTD is a Ponzi scheme. So, Litenet LTD is a scam. That’s why we have listed Litenet LTD within our “Scams” category which means we don’t recommend you to invest in Litenet LTD.
Actually, these days there are many Ponzi schemes online such as BTCValue, BitAlpha, BoostMiner, HourBull, Wullex, Hooplex, MiningTower, BestInvestment and so on. So, stay away from any sites which show you easy money.
You can find the various kinds of scams listed within our “Scams” category by clicking >HERE< or you can navigate our website through our home page to find out the several interesting and knowledgeable articles under different categories by clicking >HERE<.
If you want to report something about Litenet LTD or add your own Litenet.LTD 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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Actually, we recommend you to share this post with your friends and families through your social media accounts because it will help to spread the awareness about this scam and other similar kinds of scams. More we share about scams with our friends and families, more they will be aware of these kinds of scams which will ultimately make difficult for a scammer to scam innocent people. So, it’s better you share this post with your friends and families if you want to fight back with the scammer.
Bigscam not give after 6 withdraw