This Premierswide review exposes Premierswide.com as one of the scams running illegal scheme targeting individuals interested in high rate of return. These kinds of platforms are known as Ponzi Schemes.
Not only Ponzi Scheme but platforms like these can expose you to various scams, such as Pyramid Scheme, Phishing Attempt, as well as Identity Theft. Ultimately, engaging with such platforms often leads to financial loss.
Thus, you should be very careful while dealing with platforms like Premierswide. Likewise, whenever you encounter with similar kinds of platforms, always verify the legitimacy of the platform before you invest.
Why is Premierswide.com a Scam?
Premierswide is a scam since it is running Ponzi schemes.
Ponzi Scheme
It's evident that Premierswide.com is a Ponzi Scheme, as it promises an highest return of weekly 25% for 4 times. Such claims are unrealistic and baseless, as genuine companies cannot guarantee such returns daily. So, always be careful with platforms that make exaggerated promises. Investing in such schemes can lead to financial loss.
You should know that the genuine companies always have an option to take a loan from a bank at the rate of less than 1% monthly. So, what is the point of collecting money from several people by paying them unrealistic rate of return? These kinds of rates are only offered by Ponzi schemes.
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 Premierswide.
Mostly, Ponzi schemes used the company registration platforms like UK Companies House, Hong Kong and so on. There 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.
Questions Related to this Premierswide review:
Now that you know Premierswide is a scam, you may be wondering how to get your money back from scams, recognize similar scams, and steer clear of them, right? Well, let's provide you with the answers below.
How can you get your money back from platforms like Premierswide.com?
Getting a refund from these scams is nearly impossible. So, it's better not to invest your money in these platforms from the start. However, if you're already involved, here are some steps you can take to shield yourself from additional scams:
Keep track of all your transactions:
Be sure to record everything. Capture screenshots of your Premierswide account, transactions, payment methods used, messages, chats, conversations with the platform, and so forth. It's even more beneficial to print them out if you need to seek advice from a legal professional, especially if you've lost a substantial amount of money.
Take legal advice for a potential refund:
If you lost a lot of money, talking to a lawyer might help, but it can be expensive. If you can, find others who lost money and think about a joint lawsuit with a legal adviser. Just remember, getting a refund from these scams is tough.
Report Scams:
You should report these kinds of scams to the relevant authorities, such as your country's consumer protection agency, FBI, FTC, etc.
You can also report other similar kinds of scams or suspicious activities, and share your reviews in our "Report A Scam" section. After moderating for spam, we'll publish them in our "Reported Scams And Complaints" category which can save others from those scams.
Change password:
To be on the safe side, it's a good idea to change the passwords for all the payment methods you used with these scams.
Warn other about this scam:
Letting others know about these fake platforms can help people be aware of them. So, let your friends and family know about this scam by sharing this Premierswide review on your social media.
Where can you spot these kinds of scams?
Our research findings suggest that you may spot scams like Premierswide.com in the following places:
- Online Searches: When you search online for ponzi or pyramid schemes platforms, watch out for scam websites that might appear in the search results.
- Emails and Text Messages: Scammers might send messages with links to fake websites. They may even pretend to be from famous companies or celebrities to trick people.
- Social Media: Watch out for scams like Premierswide on TikTok, Facebook, and more. Some posts or videos may claim famous people endorse them, but if you look closely, those videos are fake—made by AI or edited clips.
- Phishing Websites: Scammers create phishing websites that mimic real websites, sharing them through email, text messages, or social media messages.
- Mobile Apps: Scammers sometimes put fake apps on App Store or Google Play Store. They seem real, but they're trying to steal your money and personal info.
- Online Ads: Scammers can promote these kinds of scams using banner ads on websites or mobile apps. So, when you click on these ads, you might end up on fake platforms.
- Pop-Up Ads: Be careful with pop-up ads that show up while you're browsing websites. Some of them might take you to these kinds of scams or other harmful websites.
- Online Forums and Chat Rooms: Scammers may promote these kinds of scams in online forums and chats. So, users should stay doubtful.
How to check and avoid scams like Premierswide.com?
To protect yourself from scams like Premierswide, follow these steps:
Platform’s Quality:
- Check if the platforms like Premierswide has provided a valid physical address, phone number, and email address.
- Also, be wary of websites and apps with spelling and grammar errors, misspelled domain names, or that mimic well-known companies or celebrities.
- Moreover, beware of websites that don't have a privacy policy or terms and conditions.
- And, look for “https://” in the website’s URL.
Reviews:
- Look for customer reviews and ratings.
- Pay special attention to negative reviews.
Watch out for Celebrity Promotions:
- Be cautious when these platforms claim celebrities endorse them. They often use fake images or videos made by AI or edit clips of celebrities talking about something unrelated.
- Remember, real celebrities won't promote such platforms.
Deals that Seem Too Good To Be True:
- Be cautious of platforms offering unrealistically high rate of return.
- So, to get an idea of the ponzi and pyramid schemes platforms, compare the profit that you can make on those genuine platforms.
Pressure of Limited Time Offers:
- These kinds of scams often use time pressure to push people. Avoid falling for limited-time offers, or at least research before making any decisions.
Trust Seal Logos:
- Genuine websites often display real trust seals from reputable companies like McAfee, Norton, or BBB. But, scam sites display the fake ones.
- So, to check such trust seals, click them, as real ones lead to official verification pages. But, fake ones either cannot be clicked or lead to random pages.
Payment Method:
- Be cautious if a website only accepts unsafe payment methods, like gift cards, wire transfers, and so on, instead of safe payment methods like credit cards and so on.
Be Cautious of Deposit Requirements:
- These kinds of scams mostly trick their users by promising them to give some amount of money to use on their platform. However, you won't be able to withdraw that amount without investing first.
- So, if you find any platform that ask you to deposit money first in order to withdraw, you better avoid that.
Too Much Personal Info:
- Be cautious when platforms ask for too much personal info. Since, scammers may misuse your info for identity theft.
Unknown Emails and Ads:
- Do not click on links in unknown emails or ads.
Check for Regulated and Licensed Entity:
- You can check the platform's regulation and license status on financial authorities' websites like SEC and so on to ensure if they are genuine or not.
Here are some similar scams:
Final Verdict:
It is clear that Premierswide is a scam. If you're not convinced, consider reaching out to local authorities to check its legitimacy. It's essential to be cautious about websites promising high returns, as they might be Ponzi and/or Pyramid Schemes. Always verify a site's legitimacy before making any transactions.
However, we know people's opinion can differ, so please share your Premierswide review in the comments below. Since, this can help others to know more about this platform. So, let's work together to make the internet safer.
Please report any online scams in the comments below. Your insights can help others spot scams.
You should never go after easy ways to make money online. However, if you can do some work, then you can find plenty of legitimate options to make money online.
Answers of FAQs
Is Premierswide.com safe to use?
As indicated in our Premierswide review, it's not safe to use this platform since there are many similar types of scams.
What should I do if I've already invested in Premierswide.com?
Record all your transactions, consult with a lawyer, change passwords, and alert others about the scam. Yet, getting a refund is tough.
How do I avoid these kinds of scams in the future?
As mentioned earlier in this Premierswide review, to steer clear of such scams, be careful with deals that seem too good to be true—like claims of high returns, celebrity endorsements, pressure tactics, and platforms asking for deposits to withdraw. Always verify if a platform is regulated and licensed.
Note: This Premierswide review is based on the details that we have found on its platform at the time of this review. If you find any changes in the future, you can update us using the comment section below. And, we will update our Premierswide review accordingly.
Good Luck!
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