The finance phantom platform

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Comments

  • Albermarle
    Albermarle Posts: 27,403 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    lozmilzak said:
    I have just seen and read an article about a number of high profile people who use and seem to endorse 'Finance Phantom'  but I am sure I recall Martin saying "If it seems to good to be true, then it is too good to be true"  So I was wondering if you have any information about how it works, how your money increases and if it is a con or not?  I understand that it night lead to a loss at times but everyone seems to be saying they make more than they loose.
    With all legitimate investments you can of course lose or gain but critically you can get your hands on what money is there.
    If you 'invest' with this type of company you will see your investment increase on your screen, but if you try and withdraw it then there will inevitably be a problem.
  • masonic
    masonic Posts: 26,800 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    The Phantom Menace strikes again.
  • Eyeful
    Eyeful Posts: 914 Forumite
    Fourth Anniversary 500 Posts Name Dropper
    edited 6 September 2024 at 5:43PM
    1. Post a link to this article
    2. Tell us the names of these profile people
    3. Look at the results from these two scam checking websites:
    https://check.getsafeonline.org/check/financephantom.com
    https://www.scam-detector.com/validator/financephantom-com-review/

    How did you come across this article?
    Was it via  social media (example, Facebook), Email link, cold call?

    The victim gives them some money.
    The computer screen shows the (supposed) investments are making large profits.
    Victim is encouraged to give more money.
    If the mark has no more money to give them or wants to take money out. The  crooks disappear.
    The persons name goes on a "suckers list".
    The sucker is contacted by persons who can get their money back for an "up front fee" of course.


  • dunstonh
    dunstonh Posts: 119,381 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The OP hasn't returned despite the very helpful comments.  I wonder if it was too late for them.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • dunstonh said:
    The OP hasn't returned despite the very helpful comments.  I wonder if it was too late for them.
    More probably just an attempt to get mentions for the site and maybe reel in a few more suckers.
    And so we beat on, boats against the current, borne back ceaselessly into the past.
  • Hoenir
    Hoenir Posts: 7,015 Forumite
    1,000 Posts First Anniversary Name Dropper
    New poster endorsed by another new poster. How old are the hills? 
  • Albermarle
    Albermarle Posts: 27,403 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    dunstonh said:
    The OP hasn't returned despite the very helpful comments.  I wonder if it was too late for them.
    More probably just an attempt to get mentions for the site and maybe reel in a few more suckers.
    If that is the case, then the publicity/Comments generated are not exactly positive/going to encourage anyone to invest. 
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