C12Pool has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to BigWhale. We’ve received over 4 complaints against C12Pool.
C12Pool, a platform that boasts AI-powered trading for large returns, is opaque in terms of ownership and site registration. Suspected ties to Ponzi schemes, a lack of regulation, and unfavorable reviews all point to it being a potential fraud. Be wary about investment.
Key Takeaways
Is C12Pool Regulated? Do They Have a License?
C12Pool presents itself as a trading platform that employs advanced AI algorithms to generate substantial returns for its investors.
The website claims that their algorithms can identify patterns and trends in the crypto market that may go unnoticed by human traders. However, a deeper examination reveals some red flags that warrant caution.
One of the primary concerns with C12Pool is the lack of transparency regarding its ownership and executive information.
The website does not provide any details about the individuals behind the platform, which is a significant cause for concern. Transparency is crucial when it comes to financial investments, as it helps establish trust and accountability.
C12Pool’s website domain, “c12pool.com,” was privately registered on September 20th, 2023. Private domain registration can make it challenging to identify the individuals or organization behind a website, raising suspicions about their intentions.
A closer examination of C12Pool’s website source code reveals a reference to “Mango HYIP.”
Further investigation of Mango HYIP reveals that it is involved in selling GoldCoders Ponzi scripts and templates.
GoldCoders is known for producing scripts used by Ponzi schemes, which raises doubts about the integrity of C12Pool.
The lack of regulation or the presence of poor regulation is a huge red flag. It means C12Pool 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 C12Pool, 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 C12Pool
C12Pool does not offer any retailable products or services. Affiliates can only promote C12Pool’s affiliate membership itself, which is a common characteristic of MLM Ponzi schemes.
In legitimate investment platforms, the focus is on providing value through real products or services, rather than solely relying on recruitment.
C12Pool’s compensation plan revolves around cryptocurrency investments and referral commissions. Affiliates are required to invest a minimum of $20 in cryptocurrency, with the promise of earning 12% daily returns for 12 days.
Joining C12Pool as an affiliate is free, but full participation in the income opportunity requires a minimum investment of $20. C12Pool solicits investments in various cryptocurrencies, adding to the complexity and potential risks associated with the platform.
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.
C12Pool Customer Service: Do They Handle Complaints Well?
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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C12Pool Reviews: What Do Others Say?
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 C12Pool 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 C12Pool 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 C12Pool, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like C12Pool enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “C12Pool reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising C12Pool.
You should always look out for consumer complaints. In the case of C12Pool, 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 C12Pool? You can share your complaint in the comment section or submit an anonymous tip.
Is C12Pool Legit Or Scam?
Investing in platforms like C12Pool comes with inherent risks. The lack of transparency, connection to GoldCoders Ponzi scripts, and absence of retailable products raise significant concerns about the legitimacy and long-term sustainability of the platform. Ponzi schemes typically collapse when new investments dry up, resulting in significant financial losses for participants.
C12Pool 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 C12Pool 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 C12Pool?
All the evidence suggests that C12Pool 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 C12Pool a scam?
Can I withdraw money from C12Pool?
Where is C12Pool Located?
How do I get my money back from C12Pool?
How The C12Pool Online Scam Works
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Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
