This page contains a Mingo-Global review that can help you determine if the website is a Mingo-Global .org trustworthy company or a scam. If you're looking for reliable information about Mingo Global, please continue reading.
Safety Index:
Safety Index for Mingo-Global .org: 15/100 (Ponzi Scheme Scam)
Mingo-Global .org Website Highlights:
- Domain Name: Mingo-Global .org
- Website Name: Mingo Global
- Address: M5H 2R2, 333 Bay St., Toronto, Canada
- Email: support@mingo-global .org
- Website Claims: High rate of return and Multi-Level affiliate program
- Schemes: Deposit term 15 days Daily profit 0.9%, Deposit term 25 days Daily profit 1.1%, Deposit term 35 days Daily profit 1.3%, Deposit term 45 days Daily profit 1.5%, Deposit term 55 days Daily profit 1.7%, Deposit term 65 days Daily profit 1.9%
Mingo-Global Review – Pros and Cons To Identify Either Is Mingo-Global .org Scam or Genuine:
Pros:
- The website of the platform utilizes the Hypertext Transfer Protocol Secure (HTTPS) protocol.
- It provides a contact address on its website. (However, follow the "Cons" below about company address and registration)
- Its email domain is related to its domain name.
- Its website name match with its domain name.
- The platform has included social media icons on its website
Cons (Drawbacks and Complaints):
- It is a Ponzi Scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the 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 some few people who promote and support some Ponzi schemes.
- We can classify it as a Ponzi scheme since it lacks a genuine source of income to sustain the promised profits for its members. The platform makes unrealistic claims of high returns on investment, such as 1.9% daily profit, yet it fails to provide evidence or proof of its income source.
- All the Ponzi schemes like Mingo Global 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. It is practically not possible to pay all members in a Ponzi Scheme.
- Be cautious of Ponzi schemes that attempt to deceive individuals by displaying registration documents from the United Kingdom or Hong Kong. It is important not to be swayed by such documentation, as these registrations do not grant the license to operate an investment company like the one in question. Instead, they are typically obtained for tax-related purposes. It is worth noting that numerous businesses with similar company registrations have previously been revealed as scams.
- Its business strategy match with multiple scam sites such as Neviyet, Yamazt, Axneb, etc.
- It also operates another illegal scheme known as a Pyramid scheme because any company which pays the referral commission up to a multi-level downline without selling any real products or services is known as a Pyramid scheme. It is claiming to pay referral commission up to Multi-levels downline but without selling any real products or services, just on the sales of its Ponzi ROI plans. So, this makes it a Pyramid scheme as well.
Our Final Verdict:
Based on the provided information, it is evident that Mingo-Global is an illicit scheme, classifying it as a fraudulent business.
If you want to report something about it or add your own Mingo-Global .org reviews, then please feel free to leave your comment below.
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FAQs:
Is Mingo-Global a safe platform to invest in?
No, Mingo-Global is an unsafe platform for investment. It is categorized as a fraudulent Ponzi scheme, which poses a significant risk of financial loss. Authorities have issued warnings to the public, advising them to avoid Ponzi schemes due to their unsustainable nature. It is important to exercise caution and refrain from engaging with such platforms.
What is a Ponzi Scheme?
A Ponzi scheme is like a fancy trick where someone promises you big profits for investing your money. They say you'll get rich quick! But here's the catch: they don't actually make money through any real business. Instead, they use the money from new people joining the scheme to pay off the earlier investors. So, it keeps going as long as new people keep joining. But when no one new comes in, everything falls apart, and most people end up losing their money. If you want to find out in detail what is Ponzi Scheme and how is it operated, then you can click this link: https://de-reviews.com/ponzi-scheme/
What is a Pyramid Scheme?
Imagine a pyramid-shaped building, where the people at the top recruit more people below them, and those people recruit even more people below them. Each person has to pay money to the person who recruited them. The ones at the top make lots of money because they get a share from everyone below. But the problem is that there's no real product or service being sold. It's all about recruiting more people and getting their money. Eventually, the pyramid gets too big, and there aren't enough new recruits to sustain it. Then, the whole thing collapses, and most people end up losing their money.
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