AMZDoge has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Trader AI. We’ve received over 4 complaints against AMZDoge.
AMZDoge marketed itself as an online trading platform that provided passive income through bitcoin investments. Its main product, “Magic Dog,” purported to automate trading based on past data. However, AMZDoge lacked a legal license, had unknown ownership, used stock pictures, and was labeled a fraud owing to its deceitful techniques and unregulated operations.
Get Your Money Back From These Scammers!
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Key Takeaways
Is AMZDoge Regulated? Do They Have a License?
AMZDoge advertised itself as an online trading organization that offered members the opportunity to make passive income through bitcoin investments. The platform’s main product was a trading bot called “Magic Dog,” which claimed to extract historical data from major trading platforms and automate trading to help users earn money quickly.
AMZDoge operated without a legal license, which is a major red flag. Legitimate investment platforms are often regulated by respectable financial authorities, which ensures investor oversight and protection. This lack of regulatory permission indicates a lack of responsibility and potential risk to investors.
The identity of the website’s owner was unknown, making it difficult to hold anyone accountable. This lack of transparency is prevalent in scam operations, as it prohibits investors from checking the platform’s legality or pursuing legal action against the operators.
The website used stock photos to represent its workforce and even featured a paid actor posing as a staff member. This dishonest tactic clearly indicates fraudulent intent, as respectable businesses often display their actual team members and provide verifiable credentials.
The lack of regulation or the presence of poor regulation is a huge red flag. It means AMZDoge 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 AMZDoge, 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?
Concerning Issues Present at AMZDoge
AMZDoge was a multi-level marketing (MLM) program that paid referral commissions through five stages of recruitment. This structure is typical of Ponzi schemes, which rely on ongoing recruitment to maintain payouts. As new investors join and deposit funds, the platform leverages these funds to pay out returns to previous investors, creating the illusion of profitability.
The site guaranteed huge profits, such as 25 USDT per two hours on a 10,000 USDT investment, or nearly 3% every day. Ponzi schemes are known for providing large profits with little to no risk. Legitimate investment possibilities rarely provide such constant and considerable profits without a significant risk.
In February 2023, AMZDoge halted withdrawals, alleging “tax audit” as the explanation. This is a popular method employed by scammers to keep users from accessing their funds before closing down. The platform hoped to avoid a huge departure of funds by presenting a fake pretense for limiting withdrawals.
Both key domains (amzdoge.com and geodoge.com) were finally disabled, preventing investors from accessing their accounts or recovering their monies. This unexpected departure is a common tactic in exit scams, in which the operators flee with the accumulated monies, leaving investors with substantial losses
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.
AMZDoge Customer Service: Do They Handle Complaints Well?
AMZDoge got a large number of complaints from users who had lost money. Several review sites and financial protection agencies have thoroughly investigated the platform and identified it as a scam. These complaints demonstrate the broad unhappiness and financial harm suffered by investors.
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.
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AMZDoge Reviews: What Do Others Say?
The platform also featured bogus positive reviews, which were frequently produced by temporary accounts to provide a false feeling of validity. These manufactured testimonials were part of a larger plan to entice new investors and continue the scam by deceiving potential victims about the platform’s legitimacy.
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 AMZDoge 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 AMZDoge 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 AMZDoge, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like AMZDoge enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “AMZDoge reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising AMZDoge.
You should always look out for consumer complaints. In the case of AMZDoge, 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 AMZDoge? You can share your complaint in the comment section or submit an anonymous tip.
Is AMZDoge Legit Or a Scam?
AMZDoge is a textbook cryptocurrency fraud, using high-return promises, a lack of regulation, undisclosed ownership, and an MLM structure to entice investors. The platform’s final failure and the disabling of withdrawals resulted in severe financial losses for many investors. Potential investors must undertake thorough research and verify the legality of investment platforms in order to prevent falling victim to such scams.
Investing in cryptocurrencies and online trading platforms involves caution and diligence. Investors should always search for indicators of credibility, such as regulatory approval, open operations, and realistic return guarantees. Investors can protect themselves and their financial well-being by remaining aware and careful about fraudulent schemes such as AMZDoge.
AMZDoge 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 AMZDoge 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 AMZDoge?
All the evidence suggests that AMZDoge 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
Is AMZDoge a scam?
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Where is AMZDoge Located?
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How The AMZDoge Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
