Is Secretescapes-world.com a Scam?

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By: Admin19 / March 8, 2023

Secretescapes-world.com fraudulent investment platform

  • Who Is Secretescapes-world.com?
  • Secretescapes-world.com was a company whose website claims to be based in Australia and UK. The business claims it provided a platform for cryptocurrency and forex trading. Secretescapes-world.com claimed to provide a system for trading cryptocurrency and Bitcoin mining that was totally automated and which could yield investors an average of 150% a month on their initial outlay.
  • It stated that it was a fully automated cryptocurrency trading robot platform that applied complex algorithms allowing for potentially extremely lucrative passive trading.
  • Was Secretescapes-world.com a scam company? We investigate below.

  • Is Secretescapes-world.com a Licensed Broker?
  • Potential investors should know that Secretescapes-world.com had no official license or accreditation from any regulated financial authority. When choosing a broker or trading platform, it is advisable to check for, ideally, a Tier One or Two licensing and pay attention to where the trading company is registered. Some localities’ rules regarding regulation are much more relaxed than others. 
  • Was Secretescapes-world.com regulated?  It was not; this business operated as an unregulated investment company.

  • Was Secretescapes-world.com a Scam or Legit?
  • The first thing that raised suspicion about this company was that it was not based in Australia. The website www.secretescapes-world.com is fraudulently using the name and credentials of Secret Escapes UK Ltd to pose as an investment platform.
  • The genuine Secret Escapes Group specializes in travel-related services and does not offer investment services.
  • The Secretescapes-world.com scam involving cryptocurrency, which began in 2020, was one of the largest crypto scams to have ever been perpetrated. What was marketed as, and appeared to be a legitimate way to, make a very healthy return turned out to be a cleverly disguised Ponzi scheme in which investors lost their funds. In 2020 Secretescapes-world.com was served a cease and desist order by the Texas State Securities Board, and in 2021 the Financial Markets Authority of New Zealand warned that Secretescapes-world.com was likely to be a scam and that potential investors should be wary of the company.

  • Authorities in Quebec, Canada also filed for a securities fraud cease and desist order targeting Secretescapes-world.com’s crypto packages and tech coin services in 2021, following an internal investigation into the company, which found that the founders of Secretescapes-world.com had breached the Securities Act.
  • Despite this, Secretescapes-world.com continued to operate, and one Facebook Secretescapes-world.com review highlighted how the company changed its marketing language in order to continue to enlist and scam new members.

  • Biggest Complaints Against Secretescapes-world.com
  • In the UK, Secretescapes-world.com complaints were made to the police by a number of investors who had lost money, calling on the law to intervene in the promotion and malpractices of the company:
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  • There are also multiple Secretescapes-world.com complaints that have been made on various review websites.  These reviews regularly point to Secretescapes-world.com having wilfully defrauding investors of their funds, the company preventing traders from withdrawing funds from their accounts, and the business’ failure to respond to emails and other forms of contact:
  • Further, Secretescapes-world.com complaints include those suggesting that the web trader the company used was fake and that the platform did not participate in any live trading at all. Scammed users have also asserted that, in an attempt to appear legitimate, Secretescapes-world.com sent random payouts to traders which were made up of the newly deposited funds of other investors.

  • Can I Get My Money Back From Secretescapes-world.com?
  • If you’ve been a victim of a Secretescapes-world.com scam, then there are ways to get back the funds that have been lost. Although taking legal action yourself is possible, for the best chance of success, it is advisable to enlist the services of a recovery agency that has experience in such scams. When choosing a company to approach, look for high success rates in recovering lost investments and favorable customer reviews.

     

  • DMCA Takedown: Due to numerous reports from victims regarding fraudulent activities associated with www.secretescapes-world.com, the DMCA (Digital Millennium Copyright Act) has taken down the website. This action was taken to protect users and prevent further scams.

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1 Comment

Sowerby Goel
March 8, 2023

Secretescapes-world.com is a scam project, everyone stay away from it, and don’t lose your investment like me. They robbed me of my entire life savings.

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