IN SHORT: A Facebook page is offering Nigerian users a 10% return on investment every 28 hours when they invest with “Dell Finance Investment”. But the activities of the page are suspicious and users should tread carefully.
A typical post reads: “Congratulations On your successfully withdrawal dear.”
The posts are accompanied by a screenshot of what appears to be a received email with the subject: “WITHDRAWAL SUCCESSFUL.”
But can anyone benefit from this platform or is it all just a scam?
Suspicious cryptocurrency investment
Africa Check clicked on the website link provided by the account – dell-finance.com – hoping to learn more about the company. But the website is inactive. A Google search for “Dell Finance Investment” also returned no results. This is the first red flag we noted about this page and its posts.
Another one is the promise of large returns in a short period of time. In this case, the account claims that users will make 10% of what they invested every 28 hours with the “starter plan”. If something sounds too good to be true on social media, it usually is.
We then sent a private message to the account pretending to be interested in the offers. We were asked to buy Bitcoin or USDT (also known as Tether) worth US$100 from our crypto wallet and deposit it in the company. Bitcoin and USDT are both cryptocurrencies, meaning they are digital currencies that have no centralised authority, such as a bank.
Financial news site Forbes Advisor has warned potential investors of what is known as a crypto investment scam. This involves the user sending “cryptocurrency to the fraudster with promises of ‘huge gains’”. But in the end, users lose their initial investment and never see the promised profits.
Africa Check previously investigated similar false investment schemes here.
Read our guide on how to spot risky investment schemes and scams on Facebook here.
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