Website Review : SCAM or PAYING?

Paraiba.World Review SCAM or Paying?

Scam
problem

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Paraiba.World Review SCAM or Paying?

Summary

User Management/Design: Basic
Company transparency: Not transparent
Site security: SSL
Deposit options: N/A
Affiliate: 0.01% to 0.04% of Residual Commission
Withdrawal: Processed instantly
Investment: Starts at $25
Profit: N/A

Sending
User Review
0 (0 votes)

Status: SCAM
(classified as HYIP)

pros

  • none

cons

  • Their multilayered affiliate program is  confusing
  • $100 investment a must to qualify for the commission plan

Disclaimer: This site is a category HYIP (high-yield investment program) and will pay only for a certain time. As for all HYIP websites, this can change any moment and we need to stress to you that deposit to such sites is not recommended unless you like to gamble with your money at your own risk.

Company

There’s no information about the company owners on the website. Neither have they provided any information on their team. The domain itself was registered on Sept 16th, 2019. They have provided an address of Comoro Island – Probably to look legitimate. From our experience, we can say that they don’t have any physical presence in Comoros Island.

The only information that’s worth sharing is the name of Paraiba’s founder – Erich Ely. He is German. We also found that BaFin has already barred them from offering investment management services. 

Products

The Paraiba investment plan starts at $25. They offer a daily return on investment. They promise a 0.3% return on investment up to $49,999 and for investments over that, the investors will receive a 0.5% return per day. Paraiba pays the return for 100 days and also returns the initial investment. 

Conclusion 

Paraiba calls itself a unique private bank on its website. They have also provided a shell company name along with a meaningless address. Paraiba is nothing but a classic case of a scam website. The only thing they wrote regarding their business is that they generate revenue through trading cryptocurrencies. There’s no further proof or data of it – none at all. Paraiba is nothing but a fraud company that is out to cheat gullible investors. Our suggestion is to stay away from them. We rate Paraiba.world 0.5 out of 5.0.

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

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