Brief Look at GoArbit
Goarbit provides an investment platform for digital currencies. The company deals in cryptocurrencies; users invest money in them and get paid a daily profit margin of 0.5% to 1.5% in return. The attractive return attracted many investors, who started investing in the company. Everything was going well until clients began to notice strange behaviors, particularly when they were withdrawing.
The absence of a Contact Us page and several other crucial sections, along with the concealment of their client's financial investments, give the impression of the website being a Ponzi scheme. Goarbit stated that it generates revenue through arbitrage trading and cryptocurrency mining but failed to disclose the price of its mining packages. It is unable to produce any documentation demonstrating that it has made any investments in either business.
They stopped operating as consumer complaints increased. So, all attempts to get in touch with the company have been met with failure. In September 2021, GoArbit's official Facebook page was taken down. Remarks posted on GoArbit's Facebook page imply that withdrawal issues started in September 2021. The unsettling client testimonials that detail the brokers' poor performance before their closure are included below.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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