Mabcredit has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Swiftvest99. We’ve received over 4 complaints against Mabcredit.
Mabcredit is suspected of running a Ponzi scheme, offering daily profits ranging from 0.7% to 1.86%, which are extraordinarily high and presumably unsustainable, throwing doubt on its business plan. Claims of offices in major locations like as London, Hong Kong, and Dubai are strikingly contrasted with the discovery that it lacks a registered corporation at its Delaware address and recognition from key financial regulatory bodies. The Dutch Authority for the Financial Markets has issued a warning to Mabcredit, identifying it as a possible fraudulent boiler room business.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Mabcredit Regulated? Do They Have a License?
Mabcredit has been suspected of running a Ponzi scheme. The organization offers significant daily profits ranging from 0.7% to 1.86%, which are exceptionally high and unsustainable, raising questions about the integrity of its business strategy.
Mabcredit asserts to have offices in London, Hong Kong, and Dubai, in addition to its stated headquarters in Wilmington, Delaware.
Nevertheless, further inquiry demonstrates that the Delaware address provided does not correspond to a registered company bearing this name, and the FINRA and EDGAR databases do not identify it as a provider of financial or investment services.
The Netherlands Authority for the Financial Markets (AFM) issued an investment notice urging consumers not to respond to Mabcredit offers, describing them as a suspected boiler room operation. The AFM observed that Mabcredit approached individuals unsolicited to provide investment offers, which is a common practice of fraudulent schemes.
Moreover, the organization makes a fraudulent assertion regarding its accreditation by prominent financial regulatory bodies such as the Securities and Futures Commission (SFC) in Hong Kong, the Financial Conduct Authority (FCA) in the United Kingdom, and the Dubai Financial Services Authority (DFSA).
The lack of regulation or the presence of poor regulation is a huge red flag. It means Mabcredit 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 Mabcredit, 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 Mabcredit
Mabcredit’s business plan includes large daily returns on investments and significant rewards for recruiting new affiliates, both of which are indicative of a Ponzi scheme. The company provides numerous investment “funds” with guaranteed daily returns that are abnormally large, raising questions about the sustainability and legitimacy of its activities.
Mabcredit allows its affiliates to invest based on the guarantee of daily returns from Monday to Friday across numerous funds:
- Intrepid Value Fund: With a minimum investment of $100, investors can earn 0.7% each day, rising to 0.81% if no withdrawals are made.
- Value Advantage Fund: Investors who invest $10,000 or more earn a daily return of 0.93%, or 1.05% if they make no withdrawals.
- Quantitative Growth Fund: An investment of $250,000 or more generates a daily return of 1.63%, which can increase to 1.75% with no withdrawals.
- High Yield Blends: For investments of $500,000 or more, the daily return is 1.86%, which rises to 1.98% if the investor does not withdraw assets.
It’s worth noting that once funds are invested, they’re locked in with Mabcredit for nine months.
Additionally, Mabcredit provides a multi-level referral commission system:
- Level 1 (Direct recruits): 10% commission.
- Level 2 commission: 5%.
- Level 3 commission: 2.5%.
Mabcredit affiliate membership is free, however full participation in the investment opportunity requires a minimum investment of $100.
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 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.
Mabcredit Customer Service: Do They Handle Complaints Well?
Customers have made several complaints and left poor evaluations, notably about withdrawal troubles and the overall transparency of the operations. These allegations have added to the picture of Mabcredit as a potentially fraudulent organization.
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 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, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Mabcredit Reviews: What Do Others Say?
User reviews on different sites, including Trustpilot, have reported unfavorable experiences with Mabcredit, with some customers claiming to have lost considerable amounts of money and having trouble accessing their accounts and withdrawing funds.
A Reddit user questioned Mabcredit’s legitimacy, stating that the company promised an exceptionally high return on investment (ROI) of 0.3% per day and paid a 12% reward for bringing friends, raising suspicions of a Ponzi scheme.
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 Mabcredit 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 Mabcredit reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that 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 Mabcredit, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Mabcredit enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Mabcredit reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Mabcredit.
You should always look out for consumer complaints. In the case of Mabcredit, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Mabcredit? You can share your complaint in the comment section or submit an anonymous tip.
Is Mabcredit Legit Or a Scam?
Mabcredit 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 Mabcredit can run away with your money without any prior notice. It would help if you were 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 Mabcredit?
All the evidence suggests that Mabcredit 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 Mabcredit Online Scam Works
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