Paraiba Review: Fake Bank or Daily ROI?
This website promises to make you profits, however there is more to what meets the eyes. Is Paraiba.world legit? This review answers the question. Don’t Invest in Paraiba before reading this review.
You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams.
In this review, we provide you information based on our investigations and user experiences to help guide you make the proper decision.
What Is Paraiba.world?
Paraiba is an investment platform that calls itself a Unique Private Bank. This platform claims it can make you enticing profits as low as 2% to 10% on each level.
Should you invest in this platform? Is this investment genuine or fraud? We hope to answer these questions. Meanwhile, always have it in mind that some blogs might try to convince you to invest in this platform. However, the truth is that they might not be concerned about your end, rather they are keen on their commission as an Affiliate partner.
So, take your time to go through this review. We bet you’ll find concrete reasons that will help you make a decision about this platform.
How Does Paraiba.world Work?
Though this site might appear legit to an untrained eye, the truth is that it is just a wishy washy Ponzi just like CryproCash
, and CryptoCrown
it is designed in such a way to convince unsuspecting investors.Forget the grammar in the About Us section, Paraiba
is like every other HYIP. It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested.
Just like we said before, Those that benefit most times are the first investors. However, the system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially. Why spend your time on HYIPs when there are other legitimate and sustainable ways
of making money?
Reasons Why Paraiba.world Is Risky Investment
- Paraiba CEO ‘Erich Ely’ is a German promoter of the OneCoin Ponzi scheme. The OneCoin was a similar ponzi that disappeared with investors fund, and left many investors bankrupt.
- Paraiba provides an incomplete corporate address in the Comoro Islands. The Comoro Islands are a series of small islands off the south-east coast of Africa. In reality, Paraiba has no physical business operations there.
- Furthermore, a Financial Body called BaFin has released a securities fraud notice against Paraiba World. Warning Investors that the so called Unique Private Bank is illegal, and not regulated.
You might probably think you should give it a try, but the truth about investment platforms like this is that, they have smooth talkers that would make you invest more than you bargained.
Is Paraiba.world Licensed?
NO, It is not licensed. Though they provide a registration certificate and so-called evidence of payments, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries like the USA are not in actual sense located there. There is absolutely no Financial Authority acting as watch dog over their services.
They might run an ads through the google ads academy or even get a youtube ads
making them look legit. But the truth is that they do not have the equipment that make them what they claim to be.
Rather what they do is circle the funds of investors,
and when they have made a lot of unsuspecting investors trust them, they stop paying.
The truth is that even the longest paying hyip would one day flop. The system is not sustainable. Why waste your time and money when there are legit and paying bitcoin investment sites? You could even start forex trading with the help of trusted brokers.
Paraiba.world is not a trusted investment Platform
How To Know Investments Scam
It is true that most of this high yield investment platforms look like the real deal, thus confusing us.However, there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform.
Below are ways you could find out-
- ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
- History- Does the platform have a history? Can the company behind it be found online?
- Transaparent– How transparent is the information on the website?
- Contact– Can you reach them? Is the address made available on the platform?
Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. .On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams
They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.
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