We take a look at an opportunity calling itself Reffeed that operates from the domain RefFeed.net that claims you can make $1,492 a day from social media.
The scheme claims that by analysing social media, users can make thousands of dollars every day using a type of revolutionary software.
What is RefFeed.net?
This is a Binary Options get-rich-quick scam. This means the site falsely claims that those who sign up will get rich by using Binary Options trading. The site fails to address the truth that most people who embark on Binary Options will ultimately lose money. Most experts agree that this type of trading is similar to gambling due to the volatile nature of short term predictions of stock value.
The site uses a variety of misleading and deception tactics to lure people into signing up, including using actors in their sales video as well as false Facebook ads claiming Bill Gates has invested $2 billion into the company.
This scam actually operates under different names, including RevFeed and RewFeed, presumably to capture as many victims as possible before they are exposed.
Since we have previously discussed this scheme under its alternative name, RevFeed.com, we will ask our readers to click this link and read that post for full details on this scheme.
The bottom line – it’s a get-rich-quick scam using Binary Options trading. Most people will lose money. Don;t invest with these types of scams.