Blacklisted Ponzi Scheme
While appearing entirely credible to those lacking experience, this group of deceitfully legitimate companies lacks the necessary financial services licenses from regulatory authorities.
Discovered in the official government business registries of the UK, New Zealand, and Hong Kong, this intricately established deception operates a fraudulent scheme. It is spearheaded by an alleged CEO named Robert Hofman, whose knowledge and persuasiveness on the matter seem no more genuine than those of a paid actor with an incorrect accent.
Damage Control in Progress
Apart from a handful of paid reviews, there is a notable absence of feedback regarding this company. TrustPilot, a ratings platform, displays a rating of 2.8, which is still considered average. However, a striking 71% of all comments are negative, primarily consisting of 1-star ratings.
The majority of these comments openly express grievances about blocked accounts, missing funds, and denied withdrawals. Although recovering these funds is feasible, it is a complex process that necessitates professional assistance.
The individuals orchestrating this scheme are vigorously attempting to conceal the firm’s illicit nature. They respond to each negative testimonial, disseminating further misinformation in an effort to salvage any semblance of a positive reputation.
The Oldest Trick in the Scam Playbook
The fraud perpetrated by ovaxglobal.com combines elements of both Ponzi and Pyramid schemes, functioning in a similar manner with slight variations. The Ponzi aspect promises substantial passive income following one or multiple investments, while the Pyramid aspect encourages users to actively recruit new potential victims, offering bonuses along the way.
While it may appear profitable initially, victims are ultimately prevented from withdrawing an amount larger than their initial deposit. There is a method to counter this theft, so contacting our legal experts for more information is advisable.
Naturally, this con scheme would not be complete without the active involvement of boiler room agents. They seek out new targets through Telegram, WhatsApp, and profiles on Facebook, Instagram, X, TikTok, and YouTube social media platforms.
Younger Than It Appears
Although the ovaxglobal.com website was initially created in 2021, it remained in a developmental limbo until September 2023. Some fraudulent schemes employ this strategy to create the illusion of a longer company history than they actually possess.
We have identified the most heavily targeted regions to be:
- United Kingdom
- India
- Bulgaria
- France
Comments