Scam Type
Investment Scam
Business Name Used
Stock Sphere Trading Ltd
Date Reported
January 05, 2024
Postal Code
07047
Total Dollars Lost
$ 2000
Scam Description
Broker used a reputable name of Steven Rafael a known trader in the Tri State Area and contacts everyone through the number +1 (606) 619-2097 impersonating him
Instructions:
Establish an account via https://stockspheretrading.com
Provide your ID and personal information to start your profile
Fund your account using Crypto currency (in order to get started you need to fun an $800 account)
After this you buy a BOT for $100-200 and then you activate the investment into an automated trading plan
You wait 5 days to see the return and then you are prompted to withdraw your money, once you withdraw you then have to pay a fee to the page calling it a withdrawal administrative fee. Once the fee is paid you are placed on a “waiting list” for your wallet to receive the funds. A couple of hours later they reach out and state you need to pay another set of fees of $500 and they have a set timer of 3 hours and 30 minutes (they also promise if the transfer does not go through that you will be refunded your initial deposit).
Once that time expires you are completely banned from the website and you lost all the money vested and sent which is what happened to me
