Dogeconnect.ltd Review Is Dogeconnect.ltd a Scam or Should I Invest

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Dogeconnect.ltd Review: Is Dogeconnect.ltd a Scam or Should I Invest

DogeConnect Review: Scam or legit investment? dogeconnect.ltd is offering enticing investment plans. Is dogeconnect.ltd legit? 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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DOGECONNECT.LTD HYIP Review: Disturbing Things Found

Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP designed in such a way to convince unsuspecting investors. Most of this scam quick-profit investment schemes are HYIPs. What is a 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, and 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. 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.

Most of them 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 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.

How To Know a SCAM HYIP

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?

dogeconnect.ltd is not a sustainable investment platform. Don’t be deceived by their promises.

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.

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Bogus ‘Energy Saver’ Boxes Continue Targeting Online Shoppers

Claim

Rating

Reporting

Even for the dodgy nature of online sales, a dubious “product” appears to have rebranded itself in a particularly brazen manner.

A reader alerted us in November 2020 about Ökowatt, which claims on its website that to be “used for economizing electricity, effectively saving electricity and up to 60%-90% of electrical consumption for a heavy-duty load. The product saves you money right out of the box.”

The site contains multiple shots of the alleged device:

But Ökowatt is identical to brands that have been exposed multiple times over as bogus. Adrian Waygood, whose blog specializes in electrical science, covered the same device under another name, “Ecowatt.” –>

Waygood explained in his post that these type of products promote themselves by misrepresenting the concept of “power factor improvement.”

Power-factor improvement does not affect the amount of energy the company uses, just the amount of load current. Why is it important to reduce the load current? Well, it reduces the need for the energy company to invest in thicker cables, larger transformers, etc.

But for residential consumers, power-factor improvement is completely unnecessary because energy companies ignore the power factor of residential loads, and only charge for the energy they supply.

Your residence’s power factor can be as low, or as high, as possible — it has absolutely no effect whatsoever on your energy bill!

Waygood also highlighted a passage in Ecowatt’s “terms and conditions”:

We are not responsible if information made available on this site is not accurate, complete or current. The material on this site is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or more timely sources of information. Any reliance on the material on this site is at your own risk.

We found the same disclaimer on Ökowatt’s website, in a section covering “accuracy, completeness, and timeliness of information”:

The Ökowatt boxes are also identical to an “energy saver” scam reported in the United Kingdom in 2020. According to BBC, the scam targeted elderly homeowners by ginning up fears about energy costs in order to get them to buy the devices.

The Federal Trade Commission recommends that shoppers look up retailers’ reviews before making an online purchase, and that they confirm that the seller has a way to contact them if they have issues with their product.

We contacted Ökowatt asking about their many similarities to Ecowatt and the fraudulent “energy savers” spotted in the United Kingdom. The company has yet to reply.

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