With the reoccurring crave to make money online, scammers are learning to adapt to times and create professional and legit looking ideas to defraud unsuspecting victims of their hard-earned monies. Most especially people new to the online world with no idea on how scams operate.
In this review, we will be sharing everything we found on the Continental USDT website.
Details of Continental USDT website
The continentalusdt.com website was registered on the 26th of October 2024 and will last until the 26 of October 2025, exactly 1 year and is connected to China but claims to be under the umbrella of Continental AG, a German multinational automotive parts manufacturer. There are no mobile numbers or email addresses associated with this website.
Continental USDT compensation packages
The following are the compensation plans and packages this brand claims to offer
- VIP1 – invest 12 USDT and receive 2.35 USDT a day
- VIP2 – invest 36 USDT and receive 7.5 USDT a day
- VIP3 – invest 108 USDT and receive 22.98 USDT a day
- VIP4 – invest 325 USDT and receive 72.2 USDT a day
- VIP5 – invest 972 USDT and receive 231.45 USDT a day
- VIP6 – invest 2916 USDT and receive 767.28 USDT a day
- VIP7 – invest 8758 USDT and receive 2502.29 USDT a day
- VIP8 – invest 17,516 USDT and receive 5650.32 USDT a day
- VIP9 – invest 36,783 USDT and receive 15,992.73 USDT a day
- VIP10 – invest 58,922 USDT and receive 28,058 USDT a day
How the Continental USDT Scam works
The Continental USDT platform presents like an MLM [multi-level marketing] company but is actually a well-planned pyramid scheme that hides behind the world of cryptocurrency to defraud people.
The continentalusdt.com website manipulates people by promising new users receive 35 USDT after 10 days of VIP1 or higher status, and can earn commissions by completing daily order tasks, with additional rewards for referring friends and upgrading VIP levels, including a lucky draw chance and a maximum bonus of 6666.66 USDT. But to withdraw your earnings you’re required to deposit 12 usdt demonstrate full participation.
Without concrete evidence or official confirmation, the claim that Wells Fargo oversees the platform’s funds appears to be an empty promise designed to instill trust in their victims.
Once they have gathered enough investors which translates to enough money, they shut down the site and disappear.
While it is possible that the early investors get their monies back, and the latter investors lose, it is highly possible that they will come up with stories on why payment can’t be processed as a way to stall for time, thereby having a big payout with every investor losing thousands of dollars.
Red Flags of the Continentalusdt.com Website
Continental USDT is already under regulatory scrutiny, with the Central Bank of Russia issuing a warning on November the 8th, 2024, alerting the public to its suspicious activities and labeling it a pyramid fraud.
The obscurity behind the owner and the false claim of being part of the Continental AG manufacturers.
Absence of any actual products and services.
The aggressive recruitment tactics the platform mandates their investors to carry out or risk being paid.
What to do if you already got scammed
Contact your credit card company immediately: Dispute the charges with your credit card company and request a chargeback refund.
File a report: Report the incident to the Federal Trade Commission (FTC) and your state’s Attorney General’s office. Also file a complaint with the Better Business Bureau (BBB]. Also file a complaint with your local cybercrime authority or online fraud department.
Report unauthorized charges: If any unauthorized charges are made to your account, quickly report it to your bank so that it could be halted and the funds recovered.
Cancel your credit card: Canceling your credit card and asking for a re-issue based on stolen information and potential should be the best step to avoid any problems in the unforeseeable future.
Clean up your device: Carefully looking for anything in your device that could be a potential backdoor for these scammers to have access to your device and personal information and delete it.
How to avoid similar scams in the future
- Research thoroughly to verify the company, product, or service online. Check for reviews, ratings, and testimonials.
- Be cautious of unsolicited offers from someone who contacts you out of the blue with an opportunity to make money. Legitimate companies don’t usually reach out to individuals.
- Take your time to think and research before making a decision. Avoid falling into the “Limited time” trap.
- Watch for red flags like the use of poor grammar, spelling mistakes, and unprofessional communication.
- Verify contact information. Always check if the company has a legitimate physical address, phone number, and email.
- Use secure payment methods: like credit cards or PayPal, which offer some form of protection.
- Keep personal information private. Don’t share sensitive information unless necessary or to trusted individuals.
- Stay up to date by being aware of current scams and tactics.
- Trust your instincts.
- Report any suspicious activity you come across to the FTC, your state’s Attorney General’s office, or local authorities.
- Most importantly, remember, if a product or service is free, you’re most likely the product.
Legit ways to make money online
There are several legitimate ways to make money online, but they require more than just your phone –
- Freelancing
- Online Tutoring
- Affiliate Marketing
- Selling Products
- Online Surveys
- Content Creation
- Dropshipping
- Stock Photography
- Online Coaching or Consulting
- Creating and Selling Online Courses
- Blogging
- Virtual Assistance
Note: These alternatives require effort, patience, and dedication to generate income.
Conclusion
The Continental USDT scam is just one example of many other similar scam that operates in similar or the exact same way. They manipulate you into referring your family and friends under false promises to scam you of your money while you’re in a bid to make more money. It is advisable to be suspicious of any unsolicited or random information that promises quick returns with little to no efforts. Conduct proper research and if there’s something you are skeptic about, it is best to avoid it entirely.
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Samantha