Are you looking for an Ogeon Store review to determine its legitimacy? If so, you've come to the right place. Let's explore whether is an Ogeon .Stores cam or a legitimate company and whether it's safe to trust Ogeon site.
Safety Index:
Safety Index for Ogeon .Store: 20/100 (illegal Ponzi Scheme)
Ogeon .Store Website Highlights:
- Domain Name: Ogeon .Store
- Website Name: Ogeon
- Website Claims: High rate of return
- Address: Sycamore House, Dorstone, Hereford, United Kingdom, HR3 6BE
- Phone: +442078929090
- Schemes:4.78% Hourly for 24 hours, 2.15% Hourly for 72 hours,7.21% Daily for 30 days
Ogeon Review – Pros and Cons To Identify Either Is Ogeon .Store Scam or Genuine:
Pros:
- The website utilizes the Hypertext Transfer Protocol Secure (HTTPS) protocol.
- Its website name match with its domain name.
- It has provided the contact phone number and address. (Before you fall for this address, we recommend you to follow the "Cons" below about company address and registration from the UK)
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 say it is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay unrealistic rate of return on the investment amount of members such as, 7.21% Daily for 30 days, but fails to provide the proof of its income source.
- Ponzi schemes such as Ogeon Store deceive individuals by presenting genuine payment proofs to create a false sense of legitimacy. Initially, they may distribute funds among a small number of participants, using this tactic to entice more people to join based on the fabricated payment proofs. However, sustaining payments to all members in a Ponzi scheme is practically impossible.
- These kinds of Ponzi Schemes will try to trick people by showing the company’s registration document registered from the United Kingdom or Hong Kong. But, don’t fall on that trick. Such kind of registration is not the license to run an investment company like this one, but just a registration for the tax purpose. In the past, lots of businesses with such company registration had been already turned into scam.
- Its business strategy match with multiple scam sites such as Smartbitbulls, Rubinminer, Bafior, etc.
Our Final Verdict:
Based on the aforementioned facts, now it is clear that Ogeon Store is an illegal scheme. So, it is a fraudulent business.
If you want to report something about it or add your own Ogeon .Store reviews, then please feel free to leave your comment below.
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FAQs:
Is Ogeon Store a safe platform to invest in?
No, Ogeon Store is not a secure platform for investment. It is categorized as a Ponzi scheme scam, which poses a significant risk of financial loss. Authorities have issued warnings urging the public to avoid Ponzi schemes due to their unsustainable nature.
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/
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