Is Most Trusted Name in News at mosttrustednameinnews.com a Scam?

The "Most Trusted Name in News" located at mosttrustednameinnews.com is an untrustworthy website that appears to be hosting phishing, malware, or cracked content. Online users are asked not to visit the newly created website. The only information we have about mosttrustednameinnews.com is that it was registered less than 2 months ago by someone in Panama.