The BuzzyBank.com is a website that disguises as a task related money-earning platform in order to promote fraudulent investments. The whole MO [Modus Operandi] of this site is very similar to any scam investment scheme where they make fake promises of high earnings on investments only to disappear with the money invested.
In this review, we will be sharing everything we found on the BuzzyBank.com website.
How The BuzzyBank.com Scam Works
The BuzzyBank.com website claims that it helps people earn money by using social media, connecting advertisers to users thereby paying the users money earned. They also make claims of having paid out over one million dollars to users but there’s no evidence to back up these claims.
This is one of the fast-rising task scams that promises earnings on completing simple social media tasks like liking posts, commenting and watching videos. You may be wondering how exactly these scams can be carried out successfully and we’ll explain further.
This scam starts off as social media posts, comments or unsolicited dms telling you about this quick online gig that takes no time at all to complete and pays you for using your account for simple tasks.
On signing up you initially get simple online tasks and get paid $5-$10 for completing it but subsequently they ask for higher sums to unlock higher paying tasks, and this is when the actual scam begin.
They ask for a payment of $250 to enable you unlock lucrative tasks and also advise you to get into the opportunity as it is limited and gets taken up quickly by the early birds.
Once this payment is made, they keep asking for more payments with promises of a big payday and the victims keep forking out money in hopes of a higher return.
The amount demanded keeps increase up to the range of thousands with promises of tenfold the payout. Once a victim is completely drained financially, they are either blocked or ghosted. They have no ways to recoup their losses and their earnings which were just false promises to begin with are forever lost.
In no due time, the site will get taken down to further erase all traces of the just concluded scam. This is done over and over again under different company names and websites. Rinse and repeat.
Why You Should Avoid The BuzzyBank.com Website
Reviews
Reviews aren’t readily available on independent platforms and the reviews found are overly promotional and possibly fabricated.
Proof of payment
The website claims to have had over 300,000 thousand members and has paid out earnings in the tune of millions of US dollars. However, there is no proof that any payment has been made.
Low trust-score
BuzzyBank.com has a very low trust score and this means that it can potentially infect your phone with malware.
Referrals
This website mandates referrals, and this may be a way to gather users to their platforms in the absence of any true recommendations by words of mouth from family and friends.
Fraud policy
Their fraud policy is just an elaborate white flag that works to convince people that they are legit meanwhile there are no details on how this supposed fraud policy is supposed to work or protect investors and users.
What To Do If You Fall For A Scam
Cancel your credit card
Immediately call your financial provider and cancel your credit card. By so doing, the credit card details you used for your transaction would become null and void.
Request for a new card
After the old credit card has been canceled, ask for a new card, it doesn’t cost much to get one. Your credit card issuer will issue you a new one with different numbers.
Report the Fraud To Relevant Authorities
Report the scam to relevant authorities and organizations. This includes:
Better Business Bureau (BBB): File a complaint with the BBB if the online store is based in the United States.
Internet Crime Complaint Center (IC3): If you are in the United States, you can file a complaint with the IC3 at https://www.ic3.gov/.
Your Local Consumer Protection Agency: Contact your local consumer protection agency or the equivalent regulatory body in your country.
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 BuzzyBank.com scam is just one example of many other similar scam that operates in similar or the exact same way. They trick you into referring your family and friends under false promises so that could gather personal information and also 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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