My business was in dire need of a loan and I contacted this company, provided all the necessary documents and the loan was processed. I got scammed after sending money to an escrow account in the UK. I was really devastated. One thing led to another and then I finally realized it is a scam. I filed many reports and complaints about them.. I was already loosing my mind until I hired a Private Investigator who helped me look into their strings of operation and traced all the transfers made to the escrow company. I am glad I was able to recover most of my funds. Many thanks to investigators247.com for their due diligence and expertise.
No one can earn money on projects of this type, they are created only
to collect money. I can definitely say that this is frankly FRAUDULENT
projects. I advise you not to even try - you will lose time and money.
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All the signs suggest that LoanTech.top might be a Ponzi scheme. Firstly, not only is a 3% profit per day is unrealistic, it becomes completely ridiculous when you consider that the company is claiming to provide returns at the same rate indefinitely. The website claims to be active since February 2020, but traffic data suggests that it has only gone live around July 2020.
The company registration seems to be real, but it does not lend much credibility to LoanTech. This is because the address provided is incomplete and there is no evidence that the company's CEO Chris Wright is actually involved with the company. There is some evidence that it might be a Russian company masquerading as British. There is no way to contact the company except by email and Facebook.
The referral program is clearly design to encourage existing investors to earn more by recruiting more people into the scheme. The only real source of income for the scheme company to be the money coming in from new investors. This makes Loantech.top a pyramid scheme and as such, it is illegal and unsustainable. The deposits made by new members are used to pay off old members and the scheme will inevitably collapse when no new members join the scheme.
The reviews by members saying that they are getting payouts may be true. However, such a scheme cannot go on indefinitely as, at some point, no new members will be recruited. When this happens, the company will have no source of revenue and members will stop receiving payouts. Most people who invest in such schemes end up losing money, as it is designed to benefit only the first few investors. The reviews can also not be considered credible as members are incentivized to write good reviews in order to gain more referrals.
It is advisable to avoid investing in LoanTech.top, as it seems to be an illegal pyramid scheme. https://bit.ly/LoanTechTopScam