Profitable Morrows SCAM

I was checking the price of Steem and SBD today when I noticed an ad at the top of the screen. The ad showed that they offer a return of 4.5% PER DAY!

The recent collapse of Bitconnect should warn anyone that a return like that is impossible, and Bitconnect was only stating that you COULD get up to 1% per day.

I know that a lot of people check CoinMarketCap.com and might see the ad - here is a warning to anyone thinking about giving this operation any money.

Let's check out the site and see if there is any possible way they are what they say they are.

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Address and name

Let's check out that address, eh?

A VIRTUAL OFFICE SPACE!

Check out the services provided - Address, mail, a receptionist that answers in your company name all in a convenient month-by-month contract (so you can vanish with all the cash whenever you want).

Ok, guys, there is NO REASON a business that can make a return of 153% in 34 business days can't afford a private office building. The compounding return at that rate is INSANE!

The Company says it is registered in Australia - I can find no official record. I did find a listing for them at a website called creditorwatch.com

However, when I run the name or the ACN number in the official Australian Business Register website there is no record for either.

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The CEO

Well, I tried a reverse image search and could not find the pic of this guy used anywhere else besides Profitable Morrow or someone shilling the site. However, I could find no history of an Aaron Cooper that is of anyone that looks like this image. With the returns he is supposedly producing, you would think he has some history. Probably a made up name and random image of a white guy to project an air of legitimacy to those who don't research their investments.

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Testimonials

At the bottom of the page are some testimonials, all with professional photography headshots. Hello Shelby Hamilton - or are you called Jonathan Simpson?

Yes, all the testimonial pics are reverse image linked to yet ANOTHER SCAM offering 2-5% interest PER DAY - Kingsmarque. RED FLAGS people - I am guessing whoever is behind Profitable Morrows is also behind Kingsmarque. Why not go full hog, run two scams at once, and get as much money as you can before you disappear?

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Affiliate Program

Profitable Morrows offers an affiliate program that gives the referrer 15% of whatever the person they refer gives to them. Think to yourself, why would anything that can legitimately produce a daily return of 4.5% need an affiliate program? If it was real and not a scam they would have the world banging down the door to get in!

It even goes further than that, as it is also a pyramid scheme too as it goes three-deep. So for every $100 that a new entrant provides to the company, they pay the affiliate referral fee of 15%. That leaves $85. They have to turn that $85 into $153 of profit just to pay the promised rate of return of 4.5% per day. Let alone have anything left for the as profit if they were legitimate.

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Promotional Video

This video says nothing about how they make money. They use a lot of investment and financial words to seem fancy, but it all means nothing. You know why? Because they are a scam and the money is coming from new signups. Do not fall for this obvious scam, you will be sorry

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The Math Is Off

Yes, 4.5% per day for 34 days is 153%. But that also means you get your initial investment back. So you pay in $100, get $153 in total profit after 34 days, AND get your initial investment back - otherwise that isn't 4.5% per day, it is 1.56% per day. Are they lying about their scam rates too and hoping no one does simple math?

Conclusion

This is from their 'About Us' page:

Profitable Morrows PTY LTD is a private investment and wealth management company that welcomes individuals and groups from around the world to participate on an international level. Services provided by our company not only provide lucrative returns on investments, but also encompass the highest levels of account privacy, online security, and customer service dedication. Our financial portfolio is backed by an active pool of profits realized from a strategic assortment of high-yield assets located in key positions throughout the world.

Profitable Morrows PTY LTD is officially registered in Australia, which gives our investment company strategic advantages in the form of flexibility, transaction speed, and limited regulation. Our company’s primary strategy is to minimize its risk position by investing exclusively in businesses that operate in the world’s biggest and most lucrative industries. At the same time, by upholding a constant state of alertness, we are able to detect, interpret, and leverage even the smallest meaningful market events.

Profitable Morrows is well-grounded and intends to stay that way. We grow our business through competitive business practices in the field of investment and fund management while doing whatever it takes to cultivate trust and transparency in our customer relationships, even during difficult times.

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Again, nothing of substance. Just a bunch of fancy words meant to impress the naive.

I'm calling it. I am staking my reputation on it. Profitable Morrows IS A SCAM! So is Kingsmarque while we are at it.

Once the new investor stream dries up the company will not be able to use that new money to pay the current investors. It will collapse, that is guaranteed.

Often a strategy that a scam like this uses is to let someone get a great return with their initial 'test' amount. When they see that it 'all works', they put a large chunk it. They tell their friends and family about this amazing opportunity, getting even more hooked into the scam.

Then, later, when the investor logs in one day to find their account has been frozen and they need to provide documents to confirm that they are the person they say they are.

The company can play around with that, saying that this document or that one is not enough or not valid and they need another one. Or that they are swamped and they will process the paperwork as soon as they can. Anything that can drag the time out until the collapse.

Then that 'investor' is fully bamboozled and has lost everything.

DO NOT GIVE ANY MONEY TO THESE SCAMS! You have been warned, spread the word.

Plus their tagline of "Face Your Morrows Without Sorrows" is super lame.

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Bonus Math

Here is the math after 5 cycles of reinvestment - starting with $100 and getting a 4.5% daily interest rate.

1: 100 + 153
2: 253 + 387.09 = 640.09
3: 640.09 + 979.34 = 1619.43
4: 1619.43 + 2477.58 = 4097.01
5: 4097.01 + 6268.43 = 10365.44

You would turn $100 into $10,365.44 in just 170 business days - there is NO WAY that can happen with any sort of guarantee.

Don't be greedy. You will end up with nothing.