Investigation of the fraudulent company Binvest
The company Binvest, offering investments in cryptocurrencies and ICO projects, is actually a scam that attracts funds only for personal gain.
Scammers use trickery, purchasing fake reviews to attract as many victims as possible. The organization “Master Insurance” will not protect you from losses.
Company history and authenticity
Binvest positions itself as a company dealing with cryptocurrencies and mining, however, its activities are shady.
The project did not start in 2012, but only in March 2021, and reviews began to appear only in May of the same year. Website traffic statistics are highly unreliable.
It is not possible to find out more about the company “Blockchain-Invest,” connected with Binvest. The company’s charter capital is limited, and its director has a dark past history.
Suspicious activities and insurance
Binvest does not have a license from the Central Bank, violating legislation, and the insurance from “Master Insurance” looks unconvincing.
Information about the past financial condition of the company “Master Insurance” raises doubts.
Contact information is absent on the website, social media pages look uninformative and invalid.
Fraud scheme and financial scams
Binvest promises investors up to 3% per day, but actually plans to deceive them through a partnership program.
Once the hype ends, the company declares bankruptcy, without paying investors their money.
Criticism and conclusions about Binvest
Binvest is a deceptive organization that uses fake reviews and hidden schemes to enrich scammers. It is not advisable to deal with this company to avoid financial losses.
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I am quite dissatisfied with the broker’s work on the Binvest Investment Platform as it lacks transparency, professionalism, and the commercial offers are not as lucrative as expected based on customer feedback.