Mango Group LLC has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to the Rainbow Fund. We’ve received over 5 complaints against Mango Group LLC.
Mango Group LLC, involved in a scam with FXONIC, primarily accepts credit/debit cards as payment. However, its handling of complaints is very poor, with a high rate of unresolved issues. Despite some positive aspects of its online presence, there are significant concerns about the legitimacy and transparency of the company. The associated websites with Mango Group LLC are riddled with issues like poor security, misleading discounts, problematic customer service, and a history of scamming. Consequently, it’s advisable to exercise extreme caution and consider avoiding any engagement with Mango Group LLC or its related websites.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Mango Group LLC Regulated? Do They Have a License?
The lack of regulation or the presence of poor regulation is a huge red flag. It means Mango Group LLC is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Mango Group LLC, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Mango Group LLC
Mango Group LLC, as reported in the specific context of a scam involving FXONIC and Mango Group LLC, only lists credit/debit card as a payment option.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Mango Group LLC Customer Service: Do They Handle Complaints Well?
The handling of complaints by Mango Group LLC seems to be quite poor. Out of a total of 89 complaints, only 4 have been resolved, leaving a significant 85 unresolved.
This indicates a critical resolution rate and suggests that customers should exercise extra caution when considering services from Mango Group LLC. The likelihood of unsatisfactory responses to complaints is high, and it may be necessary for customers to seek assistance from consumer advocacy groups.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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Mango Group LLC Reviews: What Do Others Say?
Despite some positive signs like a long-standing domain name, valid SSL certificate, and clear contact information indicating a commitment to customer service and transparency, Mango Group LLC faces several critical issues.
The website has been iframed, ownership data is protected (lacking transparency), and there is a low number of visitors, which raises concerns. Additionally, the website may be a possible fraud, with several negative reviews on social media highlighting issues with the company’s products, services, or customer support.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Mango Group LLC tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Mango Group LLC reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Mango Group LLC, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Mango Group LLC enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Mango Group LLC reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Mango Group LLC.
You should always look out for consumer complaints. In the case of Mango Group LLC, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Mango Group LLC? You can share your complaint in the comment section or submit an anonymous tip.
Is Mango Group LLC Legit Or Scam?
Mango Group LLC is considered not a good company, with multiple scam sites using it as their parent company. The associated websites often lure customers with heavy discounts, lack proper security, use fake trust seals, and have issues with social media authenticity.
Customers frequently encounter problems with the products, late deliveries, bad customer service, issues with refunds, and overcharging of credit cards. Most of the websites linked to Mango Group Co., Limited have a bad record of not sending the items people bought, or sending cheap, low-quality goods.
Therefore, it’s recommended to stay safe and avoid using any sites associated with Mango Group Co., Limited.
Mango Group LLC is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Mango Group LLC can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Mango Group LLC?
All the evidence suggests that Mango Group LLC is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
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How The Mango Group LLC Online Scam Works
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