StatofNews, also known as “Stat of News,” appears to be yet another questionable platform operated by the same scam network behind other suspicious websites like LuckiNews, QuestofNews, AllNewsRound, and similar domains. These websites follow a repeated pattern—offering exaggerated earnings for simple tasks like reading news articles to attract beginners looking for online income.
How StatofNews Tries to Lure People?
StatofNews claims it will pay users $7 for reading a single news article and promises access to 35+ articles per day. They also offer referral commissions based on your downline's earnings, creating the illusion of a multi-level passive income stream. While this may seem like a dream opportunity for those new to online work, it’s actually a classic trap.
Why StatofNews Is Not a Legitimate Platform?
Let’s be clear—no real company can afford to pay hundreds of dollars daily to thousands of users just for reading content. Here’s how the scam usually works:
1. Traffic Manipulation
By promising easy earnings, they attract large numbers of users and boost site traffic. With higher engagement, they aim to earn from ads or even sell user activity data to third parties.
2. Payment Fraud
When users reach the cash-out threshold, they are either told to wait several months (which never leads to payment) or are asked to pay “processing fees” to receive their earnings. Regardless of whether users pay or not, they never actually get paid.
3. Selling Email Data
StatofNews may also collect and sell user email addresses to marketing firms. Bulk email lists of real people can be quite valuable in the spam market.
Red Flags That Prove StatofNews Is Untrustworthy:
- Claims to be a U.S.-based company but uses web hosting from Ukraine.
- Website registered privately to hide ownership details.
- Reuses the same phone numbers, server details, and business model as other known scam sites.
- Fake payment proofs displayed on the site.
- No verifiable customer testimonials or successful payout reports.
Conclusion: Is StatofNews a Scam?
Based on the evidence, it is clear that StatofNews is a 100% scam site. Its entire business model is built on false promises and deceptive practices. They never pay their users, and any money sent to them as “fees” is lost for good.
Looking for Genuine Online Work?
If you're serious about earning money online and want to avoid falling into traps like StatofNews, we recommend checking out verified and trusted opportunities.
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