Scam Type
CryptoCurrency Scam
Business Name Used
Phoenix Capital Limited
Date Reported
June 25, 2024
Postal Code
06226
Total Dollars Lost
$ 8000
Scam Description
the website is offering the option to invest using crypto currency and the amount you invest will get a 4% DAILY return. Per example if you invest $1000 you will get 4% daily in which is $40 daily for 30 days is $1200 profit. Well in my situation I invested $5000 and at the end of the 30 days I had a little over $11,000 in my account on this website. I requested to withdraw $5000 and that is when I started to suspect that this was a scam. They first asked me to send $1860 to Authenticate my crypto wallet before they be able to send my payment, I send $1860 and a few minutes they came with a new excuse saying that the market change and that I need to send $945 to Authenticate the wallet, I did send it! Well after that, they told me that my wallet has been authenticated and that payment will be send within 24hrs. This morning I received another email saying that the $5000 payment was on hold due to a trading fee of $6900!! 15% of all the investment and profits! Once I send the money they will be able to release my payment! As you can see this is a huge Scam, If I send more money they will come with a new excuse and I will never get nothing from them. Avoid this Scam.
