Dogeversace.com Review Why This HYIP is Not Worth Your Money {Revealed}

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Dogechampion.com Review: 5 Reasons Why HYIPs are not Worth Your Money

Dogechampion Reviews: A legit investment or another short span investment? Read our reviews to see what experts have to say aboutDogechampion Investment. This website promises to grow your money. Is Dogechampion.com a reliable investment? 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.

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What Is Dogechampion- Is Dogechampion.com Paying?

Dogechampion.com is a recently launched doge investment platform with an awesome interface. They are offering enticing investment plans.. However, there are no proofs to this claim. Their website is pretty convincing, and if given room to be popular, they would easily make away with people’s money.

Dogechampion.com Scam Review: Disturbing Things Found

Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP just like Flamebit, it is designed in such a way to convince unsuspecting investors.

This simply means, Doge Champion 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.

Thus, the site is closed down since there is no longer enough money to pay initial investors. 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 Doge Champion Is Not an Ideal Investment Platform For You

Many HYIP monitors wouldn’t tell you how this system works, even trusted hyip monitoring sites wouldn’t be quick in telling you that some of these HYIPs have a very very short span life. Below are reasons why we think it is not the best investment for you-

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  1. Dogechampion is unpredictable. What this simply means, is that they could stop paying anytime.
  2. The returns are unrealistic. Common, how would they be able to keep shooting out that amount?
  3. We couldn’t come up with those behind this platform, notwithstanding the extent of our thorough investigation.
  4. Dogechampion.com works with some HYIP monitors. Their affiliate program is lucrative, so even top 10 trusted hyip monitors would promote. Hey! don’t let your guard down.
  5. There are no Financial Authority acting as a watch dog over their actions, so they are not bounded to any regulation, and could do as they please with your hard earned money.

Is Dogechampion.com a Scam or Legitimate Investment?

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.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. Often times 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.

Dogechampion.com is not a trusted Investment Platform

How To Know Investments Scam Formats

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?

Conclusion-

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.

Our Recommendation

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.

Informed Investor Advisory: HYIPs

Are you an informed investor?

Don’t Get Roped In

What are HYIPs?

Have you ever seen an ad on the Internet or a posting on a social media site promising too-good-to-be-true rates of return in short periods of time? Then you may have encountered an advertisement for a high-yield investment program, sometimes referred to as an HYIP.

HYIPs are Ponzi schemes sold by unlicensed individuals. In the past, con artists relied on word of mouth to lure investors into these investments. Now they rely on the Internet and social media buzz to quickly popularize their schemes before the fraud is discovered.

The most notable characteristics of HYIPs are the promise of very high returns at little or no risk to the investor and the paying of referral fees to current investors for bringing in new investors. In this way, HYIPs blend elements of both Ponzi and traditional pyramid schemes into one scheme that can spread faster than ever before.

In one recent HYIP, the company offered memberships that purported to provide investors with up to a 60 percent profit in 100 days. In less than a year, the company took in more than $10 million from investors. The company relied on Biblical themes and the promise of high profits to lure unsuspecting investors. All investors’ proceeds were lost.

How to Recognized an HYIP Scam

  • The promise of high daily, weekly or monthly returns.
  • An offer from the company to pay “referral fees” to investors for bringing in additional investors.
  • The use of social media to spread the word and praise the program.
  • The promoter provides very few details about who runs the company and how profits are generated.
  • The promoter may require that the investor open an e-currency account to invest. E-currency accounts are not licensed as a money transmitter. (See NASAA’s Virtual Currency Advisory.)

How to Protect Yourself

  • Be sure to check with your securities regulator before investing. Most of these schemes are unregistered investments. Also, these schemes may involve international operations, which means it may be very hard, if not impossible, to get your money back.
  • Do not blindly trust an investment just because your friends or family are involved or if it relates to your religious affiliation.
  • Ask questions about how the returns will be made and who the company officers are. If these questions cannot be answered to your satisfaction, then do not invest.
  • Do not trust the investment just because you receive early returns. Remember that is how they rope you in and get you to recruit your friends.
  • Be wary of the “get in early and get out fast” recommendation. Many HYIPs advertise that one way to make profits fast is to invest early then get out early, but you never really know when the scheme is going to stop.

The Bottom Line

It pays to do your homework before you invest in any investment opportunity. If you have any questions about high-yield investment programs, contact your state or provincial securities regulator. Contact information is available on the website of the North American Securities Administrators Association, here.

High-Yield Investment Program (HYIP)

What Is a High-Yield Investment Program?

A high-yield investment program (HYIP) is a fraudulent investment scheme that purports to deliver extraordinarily high returns on investment. High-yield investment schemes often advertise yields of more than 100% per year in order to lure in victims. In reality, these high-yield investment programs are Ponzi schemes, and the organizers aim to steal the money invested. In a Ponzi scheme, money from new investors is taken to pay returns to established investors. Money is not invested and no actual underlying returns are earned; new money is just used to pay people who entered the scam earlier than they did.

Though this brand of Ponzi scheme has existed since the early 20 th century, the proliferation of digital communications technology has made it much easier for con artists to operate such scams. Usually, an operator will create a website to lure in unsuspecting investors, promising very high returns but remaining vague about the underlying management of the investment fund, how the money is to be invested, or where the fund is located. These funds typically involve the alleged trading or issuance of “prime” bank financial instruments and may include references to prime European or prime world bank instruments. For this reason, this scam is also known as the “prime bank scam.”

Digital communications technology has made HYIPs and other scams easier.

How a High-Yield Investment Program (HYIP) Works

High-yield investment programs (HYIPs) are investment scams that promise unreasonably high returns and often just use new investors’ money to pay off older investors. Of course, this is not to be confused with a legitimate high-yield bond investment, which offers higher than investment-grade interest rates. HYIP operators will typically use social media, including Facebook, Twitter, or YouTube, to appeal to victims and create the illusion of social consensus surrounding the legitimacy of these programs.

The SEC advises that there are several warning signs that investors can use to help avoid being victimized by high-yield investment program scams. These include excessive guaranteed returns, fictitious financial instruments, extreme secrecy, claims that the investments are an exclusive opportunity, and inordinate complexity surrounding the investments. Perpetrators of high-yield investment programs use secrecy and a lack of transaction transparency to hide the fact that there are no legitimate underlying investments. The best weapon against getting sucked into a high-yield investment program is to ask a lot of questions and use common sense. If an investment’s return sounds too good to be true, it probably is.

High-Yield Investment Program (HYIP) Example

An example of an HYIP was Zeek Rewards, run by Paul Burks and shut down by the SEC in August 2020. Zeek Rewards offered investors the opportunity to share in the profits of a penny auction website, Zeekler, at returns of 1.5% a day. Investors were encouraged to let their returns compound and to increase their returns by recruiting new members. Investors were required to pay a monthly subscription fee of $10 to $99 and make an initial investment of up to $10,000. The SEC found that about 99% of the funds disbursed were paid out of the pockets of new investors and that Zeek Rewards was a $600 million Ponzi scheme. Burks was fined $4 million and sentenced to 14 years, 8 months in prison.

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