In this Proearn999 review ( proearn999.com ), we’ll reveal the dishonest tactics they use to scam unsuspecting investors.
Is Proearn999 a Scam?
Yes, Proearn999 is a scam. A critical factor in determining whether a broker is legitimate is regulation. Regulated forex brokers are required to have a valid license to operate in major regions like Europe, the USA, and Canada. Genuine brokers typically display their regulatory credentials clearly on their website, usually in the footer. Proearn999, however, either fails to provide this information or displays fraudulent credentials.
Another major red flag is their use of aggressive sales tactics, often stemming from so-called “boiler rooms.” These involve making promises of massive returns, alluring bonuses, or guaranteed profits with little to no effort.
How does Proearn999 Scam Operate?
Scam brokers like Proearn999 rely on lead generation through third-party affiliates, many of whom operate within the scam industry. These affiliates create attractive websites, sometimes featuring fake celebrity endorsements or promises of incredible returns, all designed to collect your personal information. Once they have your details, Proearn999 sales team will bombard you with high-pressure calls, trying to persuade you to invest.
Once you make a deposit, you’re handed over to a “retention” team whose sole objective is to drain as much money from you as possible. They may show you fabricated profits, make false claims about future gains, or even suggest that you take out a loan to invest more. It’s essential to stop giving them money at this point. If you refuse or run out of funds, they will block your access to the platform and cut off all communication.
How to Recover Your Funds from Proearn999?
The first step is to submit a withdrawal request, though in most cases, success is unlikely. Keep detailed records of your request and any responses you receive. This process often reveals the broker’s true intentions, as they may try to dissuade you from withdrawing or respond aggressively. They might even use the “tax scam,” where they claim you need to pay taxes before they release your funds. Remember, they’re scammers, and recovering your money will likely require persistence.
Steps to Recover Your Money
- Chargeback: If you used a credit card for your payment, contact your bank to request a chargeback. Provide documentation of your interactions with Proearn999 and evidence of their refusal to process your withdrawal. Act quickly, as chargebacks are time-sensitive.
- Wire Transfer: If you paid via wire transfer (SWIFT or SEPA), recovering your money can be more difficult. Banks are typically reluctant to reverse wire transfers, but it’s worth trying. You can also reach out to us at [email protected] for further advice.
- Cryptocurrency Payments: Unfortunately, recovering funds paid via cryptocurrency is particularly challenging. However, you can still contact us at [email protected] to explore any potential options.
Report the Scam to Authorities
Proearn999’s activities fall under online fraud and cybercrime. It’s important to report their actions to the relevant authorities in your country. In the past, successful investigations have led to arrests and victim compensation, but this only happens when enough complaints are filed. By reporting the fraud, you contribute to the larger effort to stop them.
Leave Reviews to Warn Others
Help prevent others from becoming victims by leaving reviews about your experience with Proearn999 on relevant platforms. Share your story and the actions you’re taking in the comments below.
Key Takeaways
- Avoid sending any more money to Proearn999.
- Submit a withdrawal request and document all communications.
- Contact your bank to file a chargeback if you made payments via credit card.
- Report the fraud to local authorities.
- Share your experience to alert others
By taking these steps, you not only protect yourself but also help others avoid falling into the trap of fraudulent brokers like Proearn999.