GM Investments LLC is a scam crypto trading and funds management platform that’s being used to scam investors out of their money.
The website uses a name which is a very similar to a legitimate company – a tactic commonly used by scammers in an attempt to trick people into parting with their cash.
The GM Investments LLC scam involves people being contacted at random through social media platforms and dating websites before being befriended and eventually asked to invest in the scheme.
Victims are told they can secure very large profits in a short space of time by investing on this platform, but if they deposit money their accounts will be blocked and the scammers will make further demands of cash to release the funds.
However, at no point do the victims get their money back.
How to spot the GM Investments LLC scam
Here are some of the ways you can tell this is a scam:
- Unrealistically high returns on offer.
- A rudimentary website with few internal pages.
- Many of the internal links are dead and don’t lead anywhere.
- Clearly fake social media profiles.
- Multiple reports of this platform being a scam online.
- No regulator or licensing information.
- No explanation as to how returns are generated.
If you’ve been caught out by the GM Investments LLC scam you should report what’s happened to the police or scam detection agencies in your country.
There are also private companies that might be able to help which I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.