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There is always excitement when new investment products hit the market. But sadly, some of them are just scammers ridding on the excitement wave. I decided to check out Fias777 after it was one of the most searched sites on ScamAdviser.
There is very limited information about the site and even the home page does not give away much. When I looked the website up on ScamAdviser, I saw that the website was registered on 21st March 2022. On their home page, there is a pop-up that indicates the company entered the Ethiopian market, they have gained over 2.5 million users.
That looks like a very exaggerated number considering the site is barely 2 months old. This is a common trick that many scammers use to mislead you into thinking they are a big company.
Information on Fiass777 is very scanty to say the list. For starters, the site is not user-friendly. I had a very hard time navigating the site and looking for information. The site is using a referral-based system where users get rewards in several categories classified as VIPs.
The levels run from VIP 1 to VIP 5. Each VIP has 3 reward levels, Level 1 to level 3. Level one has a reward of 15%, level two has 5% and level 3 has 2%.
Again, on the home page, the pop-up shows a novice Q&A, but when I clicked on it, there was no Q&A page. I was redirected to the VIP Income Form. Here they only indicated a beginner's guide but there was no further explanation.
Throughout the site, I found a lot of social media buttons but few were functioning. They indicate they are cooperating with Facebook, Youtube, and TikTok, but there was no proof of this. Most of the buttons also indicated the VIP levels with what looked like the amounts to earn by the day.
I could not find a social media page of the company. This is highly suspicious considering they say they are cooperating with social media giants like Facebook.
Fias777 indicates that if one joins and invites their friends and family, they can earn up to 1,000 to 10,000 per day. Commissions earned on deposits made by referrals are a common characteristic of investment scams such as Pyramid and Ponzi schemes. Proceed with caution when dealing with Fias777.com.
This article has been written by a scam fighter volunteer. If you believe the article above contains inaccuracies or is missing relevant information, please contact ScamAdviser.com using this form.
