Review of the financial group Sansara and customer feedback: scam or not?
Hype “Samsara”: Review of Scam Types
Russian internet mafia’s fraudulent activity has always been aimed at deceiving inexperienced investors. They trust projects like “Samsara” without suspecting evil intentions and are ready to give away their money unconditionally. This time the focus is on the hype “Samsara,” which attracts clients with enticing promises from a “reliable” fund and a very questionable history of registration in the UK.
While there are no public reviews about the scammers yet, this is only a temporary phenomenon, as experts from “Samsara” will leave no stone unturned. Why is partnering with sansara.group definitely a losing strategy? Let’s delve into the details together.
Insider Information about Sansara
The hype “Samsara” is a typical scam scheme with a one-page website in four languages and insufficient information about the legal aspect. It doesn’t even provide the basic legend of the “successful” path of fraudsters and the team of “geniuses” who worked on this project.
The domain sansara.group started operating in August 2020, which explains the lack of feedback from clients. Victims still believe in the honesty of “Samsara” and are waiting for the promised interest to be credited to their accounts.
The “Samsara” website states that the company is subordinate to the holding company SANSARA FINANCE GROUP LTD (registration number – 12824203), registered at 311 Shoreham Street, Sheffield, S.Yorkshire, United Kingdom, S2 4FA. Information about this organization can be found on the official company register. The company’s director is Konstantin Meyering, but his name is only associated with “Samsara,” indicating a nominal role.
The financial regulator did not issue permits to this chaos, as confirmed on the FCA website.
FRIO FONDO LP (FRIO Capital brand) is listed as a partner of the scammers, with an address at Corner Chambers 590a Kingsbury Road, Erdington, Birmingham, England, B24 9ND. They speak highly of the impeccable reputation of this company and the fabricated promises of insuring the “Helvetia Insurance” fund.
This statement raises doubts: FRIO FONDO LP (number LP016594) has existed since 2015 but has not passed local regulator verification. FRIO Petroleum and FRIO Capital are also not widely known. Helvetia Insurance is likely unaware that their good name is being used to cover up a second-rate fund.
Detailed Review of Sansara’s Investment Terms
Despite promises of high returns, convenient partnerships, and round-the-clock user support, there are no reviews of fraudulent activities yet.
The main investment product is a promissory note. Its issuer is the European investment fund FRIO Capital, and the “Samsara” financial group claims to sell these securities through an exclusive agreement and pays profits to investors for unclear reasons.
The minimum contribution amount is $100. The promissory note interest rates are 12% (183 days) and 36% (365 days).
Reviews and Summary of the Sansara Hype
The “Samsara” project opened just six months ago, explaining the lack of reviews on the internet. Soon investors will learn the truth about this trap, though by the time the mystery is unraveled, it will be too late.
Samsara Scam: Operating Principle
Predators follow a predictable scheme: first, they lure trusting traders with favorable conditions, and then suddenly announce that there is no money, canceling payments. The tale of quick enrichment ends in complete disappointment and a blocked account.
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Summary of the Samsara Hype Review
There is nothing unusual in “Samsara” – it is a typical scam filled with deceit and treachery. Currently, scammers are quiet, waiting for new “victims,” but soon they will reveal their true intentions, leaving clients without savings. Do not become the next victim of “Samsara” – avoid such projects!