This EDU-Pension review exposes EDU-Pension.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. So, we don't recommend EDU Pension.
You can find out more details within our EDU-Pension.com review as below.
The first publish date of this Motives Cosmetics review: 12 April 2020, Revised Date: 30 January 2024
What is EDU-Pension and we don't we recommend it?
EDU Pension is completely other thing than what it is claiming. In reality, EDU Pension is a Ponzi scheme which means neither a legal nor a sustainable company.
Any online business experts can spot a scam within a business model of EDU Pension because none of the legit company which can generate more than 1100% within 2 hours will collect the investment from several people and pay them 1100% instead of taking loan from a bank in much more lower rate, less than 1% monthly.
Anyone who can generate huge profit like EDU Pension is claiming, they will simply try to take a loan from a bank, even if they can't take a loan in the name of the company, they will simply take a personal loan.
After all if some company can generate more than 1100% within 2 hours, they can be richest company around the world if they invest the money taking loan from the bank instead of collecting investment from several people. So, its claim and its business model itself proves that it is not a good company.
There is not any verifiable source of income that EDU Pension can show other than the money invested by the affiliates. So, it is clear that EDU Pension is a Ponzi scheme which will pay at starting to the existing members using the money invested by new members so that they can lure more investment from several people and run with big money at last.
If you want to know more about the illegal schemes like Ponzi and Pyramid, then you can find in detail by clicking the following respective links:-
Ponzi Scheme:- newsonlineincome.com/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
So, stay away from the companies like EDU Pension. They are not here to pay for long term and they are not real companies. That is the reason EDUPension hasn't provided any information about who and from where operating EDU Pension within their website.
After all, who wants to come upfront if their intention is to scam people, right? That is why team of EDU Pension has hide those info within their website.
So, if you want to invest your hard earn money in some company which owner details are completely hidden and which business model is completely bogus, then that is upto you. But, from our side, we don't recommend EDU Pension.
Questions Related to this EDU-Pension review:
Now that you know EDU-Pension 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 EDU-Pension.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 EDU-Pension 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 EDU-Pension review on your social media.
Where can you spot these kinds of scams?
Our research findings suggest that you may spot scams like EDU-Pension.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 EDU-Pension 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 EDU-Pension.com?
To protect yourself from scams like EDU-Pension, follow these steps:
Platform’s Quality:
- Check if the platforms like EDU-Pension 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.
Final Verdict:
It is clear that EDU-Pension.com 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 EDU-Pension 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 EDU-Pension.com safe to use?
As indicated in our EDU-Pension 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 EDU-Pension.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 EDU-Pension 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 EDU-Pension 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 EDU-Pension review accordingly.
Good Luck!
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