CoinSeven.biz Review: It’s a Fraud Company
CoinSeven.biz Scam Alert!
Are you here to find out what is CoinSeven.biz, either is CoinSeven.biz a scam or a legit, either is CoinSeven safe to invest or not and so on? If so then here, within our CoinSeven review, you are going to find out the complete truth about this company.
CoinSeven is an illegal and unsustainable scheme because it is a combination of two illegal schemes and those are Ponzi and Pyramid schemes. So, CoinSeven.biz is a scam and isn’t safe to invest money.
Now it is clear either is CoinSeven a scam or a legit, what is Coin Seven in real. However, if you want to find out more about this company, then also you don’t have to search any other CoinSeven reviews because here, within our Coin Seven review, you are going to find out the complete details. So, you search for Coin Seven reviews ends here.
Related and Popular Posts:-
Coin Seven login and join in link:- CoinSeven.biz (Not recommended to join, it’s a scam)
Why is CoinSeven a fraud company?
CoinSeven is a fraud company due to the following reasons:-
- The owner details and company address of the CoinSeven have been hidden within a WHOIS. If they have provided the real information about their owner within their website, they no need to hide those details within WHOIS. So, this proves they are hiding their real identity. None of the genuine online businesses hide their owner details in WHOIS but all scam companies do. Actually, the address which they have provided on their official website doesn’t belong to any company with name Coin Seven, so that proves they are lying about their business.
- There is not any verifiable source of income coming into the CoinSeven other than the money invested by the affiliates. CoinSeven claims to pay its members up to 19% profit hourly for 7 hours but fails to provide the proof of its income source. It has only mentioned it can make a profit from bitcoin mining but hasn’t provided any proof to support that claim. However, practically, it is not possible to generate up to 19% hourly profit from bitcoin mining. So, this proves they are lying about their business.
- If any company can generate profit to pay up to 19% profit hourly for 7 hours on the deposit amount of members, then why that company needs to collect the investment from the several people and pay them 19% hourly? If they need to raise a fund to invest in their project, they can take a loan from a bank at a much more lower rate, around 1% monthly. Don’t you think that anyone who can make more than 19% profit hourly will like to take a loan from a bank by paying less than 1% monthly, if not a business loan, then a personal loan instead of taking investment from several people and paying them 19% profit hourly? So, this kind of business model proves itself to be a Ponzi scheme.
- The Ponzi schemes like Coin Seven only pay few members at starting by routing the money between the members in order to show the payment proofs so that they can lure more people into their scheme and collect the huge amount of money and run away with that. So, don’t fall for these kinds of companies because they will stop paying anytime soon later without any notification.
- CoinSeven is also a Pyramid scheme because it is offering the 3 level referral commission same like MLM companies but without selling any real products or services.
- There were 1000s of these kinds of companies which have already scammed the millions of money from various people. Some of them even get caught by the legal authorities.
- Involving with these kinds of companies is a crime and legal authorities have already warned people not to join these kinds of companies.
Aforementioned, CoinSeven is an illegal scheme. So, Coin Seven is a scam. So, we have listed it within our Bad and Scams category.
Please spread the awareness about this Coin Seven scam by sharing this Coin Seven review with your friends and families:-
We love to hear from you. So, please feel free to leave your comment below if you have any queries related to CoinSeven or related to the online business industry.
We will be more than happy to hear from you and help you.