You did right by searching for the Cardone review before you invest in this company. Even we don’t wanna call “Cardone” a company since it is a Ponzi-Pyramid scheme which is an illegal scheme.
Why is Cardone a Ponzi-Pyramid Hybrid?
It is crystal clear that Cardone is a Ponzi Scheme because it is offering an unrealistic rate of return, such as 1% to 3% daily. However, this claim is very unrealistic and bogus because none of the experts can guarantee such amount of returns daily by investing in the platform where Cardone is claiming to invest their money.
You should know that the legit companies always have an option to take a loan from a bank at the rate of less than 1% monthly instead of collecting money from several people by paying them 1% to 3% daily So, these kinds of rates are only offered by Ponzi schemes like ZetProfitshares, TradeToDigitalCurrency, Beonwise, Dark-Fund, Fairpey, Cryptos-Profit, CryptoFound, Kostasinv, Zetbull, and so on.
These kinds of companies also try to trick people by providing the company’s registration document. But, you should not fall into that trap because such registration is not a license to run an investment company like Cardone. Mostly, Ponzi schemes used the company registration platforms like UK Companies House where anyone can easily register a company even by providing the third party identities and virtual address which can be rented from the virtual address providers. So, don’t fall into these traps.
It is also offering the commission on the investment amount of your referral. It is claiming to pay such commission up to 2 levels of your downline which makes it another illegal scheme, known as a Pyramid scheme since any company offering the commission up to multi-level downline without selling any real products or services but only the sales of investment plans make them a Pyramid scheme.
Now it is clear that Cardone is a scam. If you still don’t believe us, then we suggest you contact the legal authorities in your county and ask them to check its business. Then you will know the reality by yourself.
If you want to share this information with your friends and families to make them aware of this Cardone scam, then please feel free to do so.
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We also recommend you to check other articles under our “Scams” or “Suspicious – Not Recommended” categories so that you will have more knowledge about various kinds of scams and suspicious websites and online activities.
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