Carnelian12 has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Servetly. We’ve received over 4 complaints against Carnelian12.
Carnelian12 is a notorious Ponzi scheme that duped a large number of people. It lacked openness, gave incorrect information about its ownership and incorporation, and promised unrealistic profits. The scheme failed in June 2023 and was relaunched as C12V2, which continued its fraudulent activities. Regulatory warnings and low trust scores verified the scam’s nature.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Carnelian12 Regulated? Do They Have a License?
There is universal agreement that Carnelian12 is a fraudulent organization, specifically a Ponzi scheme that has duped a huge number of investors. The following is a detailed overview of the scam’s operation as well as the key characteristics that it had.
Carnelian12 did not provide any information that could be confirmed. This provides information about the management team and ownership. It is vital to note that the listed names and companies, such as “Andreas Garcia & Partners,” do not exist outside of Carnelian12’s website. This type of intended obfuscation is a common strategy used by fraudulent businesses to escape accountability and examination.
The company stated that it was founded in Hong Kong under the name “C12 Trading & Services Limited.” Investigations, on the other hand, revealed that this incorporation was merely a facade, with no true commercial activity to back it up. The goal of establishing the appearance of legality with a false incorporation is to gain the trust of potential investors.
The Carnelian12 scheme was a standard Ponzi scheme in that it paid out incentives to prior investors using new investments. The absence of verified business operations, the lack of transparency, and the excessive promises of return on investment all pointed to the business’s fake nature.
Despite the fact that it attempted to appear legitimate by making bogus claims and providing incorporation paperwork, regulatory warnings and low trust rankings from scam detection platforms show that it is genuine. The fact that Carnelian12 eventually went out of business and rebranded as C12V2 demonstrates that the company’s business model is not only unsustainable, but also dishonest.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Carnelian12 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 Carnelian12, 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?
TConcerning Issues Present at Carnelian12
Carnelian12 did not supply any real goods or services to its clients. Affiliates were only authorized to market the membership itself, which is symptomatic of a Ponzi scheme. The lack of any actual program products or services is a warning flag that suggests that the plan is solely reliant on the recruitment of new investors to be viable.
Over the course of twelve days, the firm promised a return on investment (ROI) of 144%, which is not only highly unlikely but also difficult to sustain. These large profits are sometimes used to persuade investors to engage in Ponzi schemes. These promises are often too good to be true, and they are made with the goal of generating immediate investment.
Carnelian12 claimed that trading NFTs was profitable for the company. However, there was no independently verifiable evidence to support this allegation. The primary source of revenue was new affiliate investments, which were used to offer returns to investors who had started investing earlier. A Ponzi scheme is defined by the fact that it relies on new investments to pay out earnings to existing investors.
The Central Bank of Russia determined Carnelian12 to be a pyramid scam and issued a warning about the coin. Warnings made by reputable regulatory authorities serve as critical notifications to both prospective and existing investors of the fraudulent nature of such schemes.
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.
Carnelian12 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 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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Carnelian12 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 Carnelian12 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 Carnelian12 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 Carnelian12, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Carnelian12 enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Carnelian12 reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Carnelian12.
You should always look out for consumer complaints. In the case of Carnelian12, 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 Carnelian12? You can share your complaint in the comment section or submit an anonymous tip.
Is Carnelian12 Legit Or a Scam?
Carnelian12 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 Carnelian12 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 Carnelian12?
The Ponzi scheme known as Carnelian12 fell bankrupt in June 2023, as is typical of Ponzi schemes when new investments stop being made. After some time, it was relaunched as C12V2, which continued to operate under the same fraudulent business model. The failure of a Ponzi scheme and its subsequent relaunch are both common occurrences, as con artists routinely attempt to continue their fraudulent activities under a new guise.
All the evidence suggests that Carnelian12 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 Carnelian12 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. 
