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what's going on guys welcome back to the
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channel today's video is all about my
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deal. CC a site that might seem
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promising but it's actually a welld
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disguise scam here we'll show you how
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this ponan pyramid scheme operates why
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it's illegal and what steps you can take
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to stay safe from scams like
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this at first glance it might look like
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a great opportunity to make money fast
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the website promises big returns sounds
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is tempting right well here's the truth
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it operates as a Ponzi scheme so while
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it might pay out for a short time
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eventually the money dries up and the
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majority of people lose their
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Investments now you might be wondering
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what exactly is a Ponzi scheme let's
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break it down a Ponzi scheme is a type
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of investment scam where early investors
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are paid returns from the money of new
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investors rather than from any actual
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profits the scheme relies on a
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continuous stream of new people to
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invest money to keep the payouts flowing
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initially the scheme works by paying a
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few early investors to create the
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illusion of legitimacy but eventually as
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the money from new investors slows down
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the scheme collapses leaving most of the
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nothing let's take a closer look at the
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red flags that show it is a scam these
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are the signs you need to watch out for
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unrealistic returns it promises 3.8%
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daily that's ridiculously high and
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should be your first red flag real
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investment opportunities do not promise
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those kinds of returns especially in
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such a short time high returns are often
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a tactic used by Ponzi schemes to lure
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in new investors but remember if it
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sounds too good to be true it usually is
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no proof of income it claims to be
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making these huge returns but they don't
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provide any real proof of where the
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money is coming from legitimate
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businesses can show you how they make
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money whether it's through products
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services or Investments this site
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however can't provide any proof of
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income because they don't actually have
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any real business they just Shuffle
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money around between people deceptive
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payment proofs Ponzi schemes are
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notorious for using fake payment proofs
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they show you screenshots of people
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receiving payouts to create the illusion
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that the scheme is working but here's
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the catch those payments are often made
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to just a few early investors to build
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trust and make the scam look legitimate
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as more people join and the money pool
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depletes payout stop and the scheme
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crashes similarities to other Ponzi
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schemes the business model of this
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platform looks very similar to many
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other Ponzi scams that have been exposed
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over the years they promise High returns
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with no real product and they rely
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heavily on recruiting others to keep the
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money flowing it's a classic Ponzi
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Playbook another tactic that Ponzi
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schemes like this use is fake
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registration documents they may show you
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officiall looking documents that seem to
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validate their business such as
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registration from the UK or Hong Kong
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but let me tell you these documents do
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not make the business legitimate these
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registrations are often just for tax
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purposes and they don't give the company
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any legal right to operate an investment
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firm don't be fooled by these documents
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many businesses that have used these
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kinds of registrations have turned out
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to be scams so just because they show
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you a piece of paper doesn't mean
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it also runs a pyramid scheme here's how
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it works referral commissions without
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products in alleged business commissions
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are earned by selling actual products or
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Services it though just offers referral
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commissions for recruiting others
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without selling anything real
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multi-level referral commissions they
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pay referral commissions up to three
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levels downline legit businesses don't
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pay like this without selling real goods
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or services which confirms its a pyramid
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getting your money back from Ponzi
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schemes like this is extremely difficult
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but here are some steps you can try
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withdraw your money ASAP if you're still
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able to access your account withdraw
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your funds immediately Ponzi schemes
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often pay the initial investors to
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attract more people but once they've
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gathered enough money they'll stop
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paying out so the sooner you withdraw
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the better keep records this is super
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important docu you meant everything save
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screenshots emails chats with the
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company and any other communication
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related to your investment this
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information could be crucial if you need
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to take legal action later contact your
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bank if you made the investment via
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credit card or bank transfer contact
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your bank or payment provider request a
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charge back or refund sometimes payment
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providers can reverse fraudulent
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transactions report to authorities
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report the scam to relevant authorities
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like the FBI SEC or your local Consumer
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Protection Agency these organizations
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may be able to investigate and help you
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recover your money monitor your accounts
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keep an eye on your financial accounts
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to spot any unauthorized transactions
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change your passwords and enable two
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Factor authentication to protect your
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information legal action if you've lost
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a significant amount of money and the
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above steps haven't worked consider
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speaking with a legal professional they
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can help you understand your options and
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whether you can take legal action
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company now how can you protect yourself
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from scams like this in the future here
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are some tips do your research before
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you invest any money research the
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company look for reviews and feedback
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from other customers check their contact
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details real businesses have real
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addresses and customer support scams
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often hide behind fake contact
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information dot dot do be wary of too
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good to be true offers if something
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sounds too good to be true it probably
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is scams often promise incredibly High
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returns with no risk always be cautious
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of these kinds of offers remember if it
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sounds too good to be true it probably
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isn't true use safe payment methods
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stick to reputable payment methods like
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credit cards or PayPal avoid paying via
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gift cards wire transfers or
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cryptocurrency unless you're 100% sure
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that transaction is legitimate use
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strong passwords use strong unique
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passwords for all your online accounts
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and enable two Factor authentication for
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Extra Protection this will help prevent
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anyone from gaining an authorized access
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to your accounts be careful with fishing
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emails fishing scams are common so be
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cautious when opening emails from
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unknown senders always check the link
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before clicking and make sure it's
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legitimate protect your personal
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information never give out excessive
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personal information on websites that
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don't seem trustworthy scammers often
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ask for too much info to steal your
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identity check for regulatory licenses
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verify whether the company is regulated
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by relevant authorities such as
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Financial Watchdogs legitimate
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businesses must comply with financial
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regulations whereas scams often operate
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Frameworks beware of fake testimonials
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scams May feature fabricated success
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stories or fake testimonials from
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satisfying clients always be skeptical
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if the testimonials seem overly positive
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or if there is no way to verify the
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individuals involved research the
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founders or operators look up the
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backgrounds of the individuals behind
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the business a lack of publicly
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available information or Shady
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backgrounds is often a red flag assess
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the transparency a trustworthy business
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will provide clear accessible details
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about how it operates its business model
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and the risks involved Ponzi schemes
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like this often hide this information or
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offer vague explanations look for
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warning signs in communication genuine
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companies have professional
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communication with clear details and
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proper customer service scams often use
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pushy sales tactics unsolicited emails
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or aggressive phone calls to rush you
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decisions after everything we've
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uncovered it's clear that my deal. CC a
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fraudulent Ponzi and pyramid scheme if
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you found this video helpful don't
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forget to like like subscribe and share
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it with your friends and family to keep
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them safe from scams got your own
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thoughts or experiences with my deal
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drop them in the comments below stay
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safe stay informed and we'll catch you