is an Untrustworthy Website is an Untrustworthy Website

Stay away from because the website is untrustworthy. The untrustworthy website claims that investors can earn a guaranteed 6% profit daily on their investments with a minimum deposit of $10 and a maximum of $500,000. But, we know this is not possible in the real world. Therefore, I do not recommend doing any form of investmenting with the untrustworthy website. - the Untrustworthy Website

BitiNx, which the owners claim is an independent and privately owned financial group, is a new website that was created a few days ago. The owners of the website advertise it by sending out thousands of spam email messages daily, in an attempt to trick potential victims into investing in their so-called private financial group. Below is a sample of one of spam email messages that is being sent daily.

BitiNx Spam Email Message

Deposit now and earn 20% instant bonus

Tue 09/05/2017 15:17



Deposit now and earn 20% instant bonus

Earn 6% Daily Profit For 30 Days

Fast Withdraw


Good luck.

Websites like operate like Ponzi or pyramids, where the money from new investors is used to pay old investors.

What is a Pyramid or Ponzi Scheme?

A pyramid or Ponzi scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.

In a pyramid scheme, an organization compels individuals to join and make a payment. In exchange, the organization promises its new members a share of the money taken from every additional member that they recruit. The directors of the organization (those at the top of the pyramid) also receive a share of these payments. For the directors, the scheme is potentially lucrative - whether or not they do any work, the organization's membership has a strong incentive to continue recruiting and funneling money to the top of the pyramid.

Such organizations seldom involve sales of products or services with value. Without creating any goods or services, the only ways for a pyramid scheme to generate revenue are to recruit more members or solicit more money from current members. Eventually, recruiting is no longer possible and most members are unable to profit from the scheme. Once this happens, the owners will take whatever money they have collected and disappear.

Check the comment section below for additional information, share what you know, or ask a question about this article by leaving a comment below. And, to quickly find answers to your questions, use our search Search engine.

Note: Some of the information in samples on this website may have been impersonated or spoofed.
Was this article helpful?  +
Share this with others:

Comments, Questions, Answers, or Reviews

There are no comments as yet, please leave one below or revisit.

To protect your privacy, please remove sensitive or identifiable information from your comments, questions, or reviews. We will use your IP address to display your approximate location to other users when you make a post. That location is not enough to find you.

Your post will be set as anonymous because you are not signed in. An anonymous post cannot be edited or deleted, therefore, review it carefully before posting. Sign-in.

Write Your Comment, Question, Answer, or Review is an Untrustworthy Website