Investment project Red Gin: lie or truth?
The Red Gin team claims to be an experienced participant in the market of investments in pledged property and is ready to help everyone find the right solution. Earlier, we had experience with similar companies, for example, with Seriakov Investments, which turned out to be a scam. According to depositors’ reviews and independent research, working with them leads to financial losses. Now we will consider the situation with redgin.shop.
Checking the legend of the Red Gin project
According to the legend, Red Gin has been operating since 2018, has carried out over a thousand successful transactions, and has brought investors a net profit of 200 million. But should these numbers be believed?
From whois information, it can be seen that the domain redgin.shop was registered only in October 2020, which does not correspond to the stated period of the project’s operation. Red Gin operates not as an LLC, but as an individual entrepreneur owned by Burmistrov D.A. But in case of a financial crisis, who will be responsible for returning the money to the depositors?
Burmistrov himself is a real person, but with an unstable employment history. Many projects under his management had a small authorized capital and were liquidated. The idea of Red Gin offering investors the role of borrowers, without an official offer agreement, is exclusively favorable for fraudulent schemes.
What are the partnership terms with Red Gin?
The company offers to invest in various pledged assets, promising low risks. The terms include:
- Earning up to 5% profit per month from the loan (up to 60% per year),
- A balance between the collateral value and the object of no more than 50%,
- Registering the loan in Rosreestr for guaranteeing the fulfillment of conditions,
- Over 500 items in the pledged property database.
The timeframes and minimum deposit amounts remain unknown, but information from other sources indicates that the minimum deposit ranges from 300,000 to 30 million rubles.
True reviews about redgin.shop
It is evident that redgin.shop uses fake reviews:
Real customer reviews are also starting to appear:
Detailed review of the fraudulent scheme at redgin.shop
Despite the short period of operation, the fraud scheme from Red Gin is well thought out. Investors are offered loans secured by pledged property with a promise of high interest rates.
Redgin.shop offers no guarantees to depositors, but claims that all borrowers have been verified and will return the money. In case of non-repayment of funds, the enterprise may be closed. Burmistrov has already used similar schemes in other projects.
We will help you avoid fraud:
- Purchasing cryptocurrency through exchangers: risks and benefits
- Mechanisms of financial pyramids: how to avoid fraud
- Strategies for effective cryptocurrency trading
Summary
The offers from redgin.shop may interest investors due to high interest rates, but it should be remembered that the company does not take responsibility for investments. The risks of losing funds are significant, so it is advisable to refrain from cooperation with Red Gin.
