Crypto Formula Review, Cloned Crypto Formula Scam Exposed
Crypto Formula Review, Cloned Crypto Formula Scam ExposedMay 15, 2018
Crypto Formula Review and SCAM Investigation
The Crypto Formula SCAM by Max Eaton (not to be confused with Crypto Code) is the latest in a series of elaborate get-rich-quick schemes promoted by ex-binary options affiliates which are now actively engaged in promoting crypto scams. Today, our researchers have produced irrefutable proof and evidence of scam which directly ties the fraudulent Crypto Formula software, app, and trading robot to the notorious Dubai Lifestyle App. In fact, we have uncovered the identity of the affiliate network behind this dubious app, and it is named Clickbank. Warning, Scam Alert! The Crypto Formula software is actually a facade which is used to trick and deceive unsuspecting opportunity seekers into signing up with unregulated offshore brokers, and that is the main problem with the Crypto Formula scam software. Additionally, these swindlers are using a well-known sales technique called “a foot in the door”. This means they will sell you the software for cheap the first time, because they know once you pay a small amount the chances of you depositing with one of their slimy brokers grows exponentially. So in essence, you end up paying twice, once for the network fees and again to fund the account.
To top everything off, we have also received a fresh flurry of complaints which validate our initial findings. Please be advised, the crooks behind the Crypto Formula system are well-known affiliate marketers who specialize in baiting tactics, illegal SPAM email marketing, and deployment of annoying fake popup advertisements. We highly advise you to refrain from clicking on any of the links associated with the fraudulent Crypto Formula automated trading system as it will surely infect your computer or device with spyware and viruses which latch on to your hard drive. Keep reading our revealing Crypto Formula review to see how we exposed these charlatans and shed light on their misdoings.
Official Website, Login Page, and Member’s Area: https://www.cryptoformula.org/private, https://dubailifestyleapp.com/
Proof of SCAM
Below is a screenshot taken from the main sales page and registration area for the Crypto Formula trading software. In it you can see a picture of “Max Eaton”, the so called CEO and Founder of the Crypto Formula. Right next to it you will see Scott Hathaway, which happens to be the CEO and Founder of the Dubai Lifestyle App. Lo and behold, it appears these two characters bare a striking resemblance. That is because it is the same crooks using the same stolen images and selling the same dirty lies except now its illegal crypto scams instead of binary options.
If you need additional proof you can find it right here in the image below. Here we have “Simon Norris” who claims he is a new Crypto Formula member. In reality Norris is a fiverr actor which goes by the name of docreilly and presents himself as a “broadcaster and voice talent.”
Who Is Max Eaton?
He is the so-called “founder and creator” or the Crypto Formula. As the story goes, back in 2013 he was a developer and spent a lot of time on Reddit reading about technological trends. He started getting into Bitcoin and Blockchain and understood it was the “real deal.” He also discovered other virtual currencies like Ethereum, Litecoin, and Tezos. At some point he got divorced and lost his job. But at some point he invested in Bitcoin and made a small fortune as the money sat and gained value.
Crypto Formula Review, Make $3000 A Day Or Scam?
Congratulations! This is a “private and confidential” video that you have personally been invited to watch. Get ready, because this is a “revolutionary new formula” which takes all the “confusion, smoke, and mirrors out of cryptocurrency investing”. But you must take this opportunity and grab your share of the pie before its too late. Get ready to make life-changing profits and become financially free at last. You don’t need experience or prior knowledge in cryptocurrency trading, just use Eaton’s secret formula and start trading on auto pilot.
The Sales Pitch
The narrative draws an analogy between the early adopters in the dot com era who made it big and invested in companies such as Amazon or Google. The crooks are trying to sell you the idea that Crypto Formula is the “next thing” and if you remain a skeptic and don’t take a chance and invest today you will regret it forever. They are also using the names of early investors such as Christopher Koch, Mathieu Baril, and and James Speciacci in order to lure you in. But they neglected to mention that these are savvy investors who raised funds and understand Blockchain and mining technology.
Is Crypto Formula Scam Or Legit?
Crypto Formula is a bona fide crypto scam and we have rightfully blacklisted it.
What is Crypto Formula and How Does It Work?
It is an algorithm which exploits a cryptocurrency market place that is worth 700 Billion Dollars. Eaton discovered a new cryptocurrency profit loophole, and he has a secret strategy which makes him money. It uses the Elliptic Curve Digital Signature Algorithm and translates it into an easy-to-use app.
Is it Free?
No, it is not. You will need to deposit at least $250 and fund a trading account with a rogue offshore broker. That money will be charged to your credit card and most likely you will be subject to various forms of credit card fraud such as over charging.
Fake Crypto Formula Reviews
Unfortunately we have seen a few fake reviews, and we know the so-called “honest” review sites that have chosen to endorse this bogus offer. Today, we also know that they are getting bribes in the form of affiliate commissions in order to write favorable reviews.
The Tell Signs (Scam Alerts)
- Hyped up and exaggerated claims of easy money.
- Cloned software and spammy affiliate links
- Fake testimonials
- Lies and fabrications
- Narrative is riddled with holes and full of conflicting information
Verdict: Crypto Formula is 100% SCAM (Verified)
Forex, EA’s, and Crypto Robots
It’s no secret that there are a multitude of systems which are launched almost on a daily basis. Our research staff has already figured out that most of these systems are worthless and designed to generate money for promoters by taking it from you. However, once in a while a profitable app surfaces and after it passes our screening process we add it to our recommended section.
Crypto Formula Review Summary and Conclusions
The Crypto Formula SCAM by Max Eaton is a fake automated trading software (AKA Robot) and a Dubai Lifestyle App clone which was designed by unethical affiliate marketers with the sole and deliberate intent of stealing your money. It should come as no surprise that the criminals operating behind the scenes of this latest sham are also involved in binary options scams and are well-known in the get-rich-quick scam scene. They are extremely persistent online marketers and employ a variety of tactics in order to grab your attention. Crypto Formula is a confirmed malicious site as it deploys code to hijack your computer or device setting an order to steal confidential or private data and also install “drive-by” or executable files which are downloaded without your consent. On top of that, we have also heard complaints about identity theft and rude sales reps with strange accents posing as legit brokers and making calls during late night hours. In light of all the incriminating evidence our staff has produced, we are categorically labeling the Crypto Formula as a financial scam and advising our members and viewers to seek alternative and more legit investment avenues. Please take a minute to join our Facebook Page and subscribe to our YouTube channel for more updates and scam investigations.