Planetaryasset .com Scam Or Genuine? Planetary Asset Legit? Planetaryasset Review
If you're unsure whether is a Planetaryasset .com legitimate company or a scam, this page offers a Planetaryasset review that can help you make an informed decision. Please read on for more information about Planetary Asset and its credibility.
Safety Index:
Safety Index for Planetaryasset .com: 20/100 (illegal Ponzi Scheme)
Planetaryasset .com Website Highlights:
- Domain Name: Planetaryasset .com
- Website Name: Planetary Asset
- Website Claims: High rate of return and 2 Level Referral Commission
- Address: 130 New Bond Street, London, England, W1S 2TA
- Email: support@planetaryasset .com
- Schemes: 0.6% Daily for 225 Business Days, 1.2% Daily for 125 Business Days, 2.0% Daily for 85 Business Days, 3.0% Daily for 65 Business Days
Planetary Asset Review – Pros and Cons To Identify Either Is Planetaryasset .com Scam or Genuine:
Pros:
- The website utilizes the Hypertext Transfer Protocol Secure (HTTPS) protocol.
- The website name matches its domain name.
- The email domain used by the company is directly associated with its domain name.
- It has provided the contact 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, 3% Daily for 65 Business Days, but fails to provide the proof of its income source.
- Ponzi schemes like Planetaryasset employ deceptive strategies by showcasing authentic payment proofs and initially paying a select few members to create the appearance of profitability. However, the inherent unsustainability of such schemes leads to financial losses for the majority of participants.
- Beware of Ponzi schemes that present registration documents from the United Kingdom or Hong Kong as a means to deceive individuals. It is important not to be swayed by such documents, as they do not serve as a license to operate an investment company. These registrations are typically obtained for tax purposes and do not guarantee the legitimacy of the business. Many businesses with similar registrations have been exposed as scams in the past.
- The business strategy of Planetaryasset .com bears resemblance to multiple scam sites, including CrytoCoins, Superbit, Bitdeposit, Trust10, and others.
- 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 2 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:
After a careful assessment of the information provided, it is clear that Planetaryasset engages in illegal activities, categorizing it as a fraudulent business.
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FAQs:
Is Planetaryasset a safe platform to invest in?
No, Planetaryasset .com 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 warned the public about the inherent unsustainability of Ponzi schemes and advised them to stay away from such ventures.
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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