GoldenWarehouse has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to SolHeist. We’ve received over 3 complaints against GoldenWarehouse.
The website for GoldenWarehouse, which is at “goldenwarehouse888.com” and was registered on March 22, 2024, doesn’t say who owns or runs it. The fact that it’s mostly in Chinese suggests a connection to China. This lack of transparency, along with the lack of rules and licenses, suggests that theft may be going on. The way the business works is similar to a Ponzi plan in that it offers questionable investment opportunities with no real goods or services. People who want to invest should be careful of these red flags and make sure that a company is real before giving them money.
Get Your Money Back From These Scammers!
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Key Takeaways
Is GoldenWarehouse Regulated? Do They Have a License?
The website for GoldenWarehouse, which is at “goldenwarehouse888.com” and was registered on March 22, 2024, doesn’t say anything about who owns the business or who runs it. The website’s source code shows that the main language is Chinese, which makes it look like the people who run it have ties to China.
When thinking about working with companies like GoldenWarehouse that don’t give clear information about their management, it’s important to be careful. This kind of secrecy is usually a red flag that something might not be clear or accountable.
The lack of regulation or the presence of poor regulation is a huge red flag. It means GoldenWarehouse 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 GoldenWarehouse, 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 GoldenWarehouse
GoldenWarehouse doesn’t sell any goods or services that can be bought in stores. Affiliates can only market that they are members of GoldenWarehouse. This is a common problem with multilevel marketing schemes that don’t have physical goods.
GoldenWarehouse has different kinds of investments with different returns:
| Level | Investment Range (USDT) | Daily Return Rate |
|---|---|---|
| L1 | 10 to 49 | 2.5% |
| L2 | 50 to 199 | 3.5% |
| L3 | 200 to 999 | 4% |
| L4 | 1000 or more | 5% |
As a partner, you can join GoldenWarehouse for free, but you need to spend at least 50 USDT to be able to actively participate and earn.
A questionable business plan called a “click a button” Ponzi scheme is used by GoldenWarehouse. Affiliates have to log in every day and click a button that, according to the site, makes money by placing fake orders with online stores. But this behavior doesn’t match up with real customer orders, and the claim that retail commissions bring in money isn’t true.
The truth is that pressing a button doesn’t really do anything practical. Instead, the plan probably uses money from new buyers to pay back people who invested earlier. This is a common way for Ponzi schemes to work.
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.
GoldenWarehouse 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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GoldenWarehouse 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 GoldenWarehouse 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 GoldenWarehouse 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 GoldenWarehouse, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like GoldenWarehouse enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “GoldenWarehouse reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising GoldenWarehouse.
You should always look out for consumer complaints. In the case of GoldenWarehouse, 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 GoldenWarehouse? You can share your complaint in the comment section or submit an anonymous tip.
Is GoldenWarehouse Legit Or a Scam?
There have been a lot of reports of “click a button” app Ponzi schemes like GoldenWarehouse. Most of the time, these plans only last a short time before they fall apart. Their websites and apps are often shut down quickly, leaving most investors with losses.
People often think that these plans are run by a group of con artists from China. These business models are naturally unstable and risky because they don’t have real ways to make money and depend on constant investment.
GoldenWarehouse 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 GoldenWarehouse 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 GoldenWarehouse?
All the evidence suggests that GoldenWarehouse 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 GoldenWarehouse a scam?
Can I withdraw money from GoldenWarehouse?
Where is GoldenWarehouse Located?
How do I get my money back from GoldenWarehouse?
How The GoldenWarehouse 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. 
