Tuesday, October 27, 2015

Beware of Recyclix.com - A Ponzi Scheme (Fraud/Scam)

I received a post on my fb group (https://www.facebook.com/groups/Saudi.Arabia.KSA/) from a new member about earning money using recycling materials. The post and the snapshot of website looked very professional thus I thought to have a look on the website.


It was indeed a high quality website, unlike usual Fraud/Scam websites thus I tried to explore it further. The over all impression was ‘too good to be true’ kind and the details were vague. Some research on the internet revealed that it is indeed a Fraud website and due to its high quality, it might trick common users into thinking it is a valid website.

A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. Most of these scams work from anonymous offshore bases which make them hard to track down.

If you receive any post mentioning about Recyclix then plz report it and delete it right away!

More details about this Fraud:

Polish-registered recyclix.com is provably a Ponzi scheme
Polish-registered recyclix.com is provably a Ponzi scheme
Clip Better http://bitcointalk.org/index.php?topic=1128611.0
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Recyclix.com Reputation Review
Check whether Recyclix.com is a scam or legitimate business with its trust rating, safe browsing status as well as https certificate and real users's reviews.
Clip Better http://scamanalyze.com/check/recyclix.com.html
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urShadow's Blog: Beware of these Frauds / Scams !!!
Clip Betterhttp://naumankhan.blogspot.com/2015/07/beware-of-th…
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References: http://www.wikiwand.com/en/High-yield_investment_program

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