We are receiving numerous reports from people who say they have been scammed by the company ‘Egalite’ (https://egalite.icu/): we decided to write this article to clarify so that you can fully understand how the scam implemented by these characters is developing, who certainly deserve to go to jail.
So to the fateful question whether ‘it is a scam or not’, the answer is as follows: ‘Egalite’ is NOT a scam company but it is the tool through which the fake brokers carry out the scam against you.
I’ll explain why in detail.
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1. Egalite: is it a scam or not?
Over the last period we have been receiving a lot of calls from people who report having problems in relation to the activity put in place by this company.
It is very appropriate to clarify, as anticipated, that the aforementioned company is absolutely not fraudulent, it is simply an exchange platform through which the scammers:
- make you exchange money in virtual currency;
- they send the latter to the wallet attributable to them (i.e. an account where they hold virtual currencies);
- they pretend to invest those savings on your behalf, but – in reality – they don’t.
Therefore, in the light of what I have just explained, I invite you to proceed with extreme caution and carry out the appropriate checks if you decide to invest capital with fake brokers who SAY THEY BELONG TO THE ‘Egalite’ COMPANY (we strongly advise against it!!!).
We have come to this awareness in the light of the activity proposed by the fake brokers which consists of:
- ingenious ways of selling;
- in persuading clients to make certain and guaranteed investments;
- from the establishment of interpersonal relationships between the ‘broker’ and the client;
- from the (now unfortunately usual) disappearance of the brokers when the investor requests the withdrawal of the invested money as well as those apparently earned.
As with all online scams, even the first contact with the ‘FALSE’ representatives of the ‘Egalite’ takes place through the instant messaging application called ‘Telegram’ or ‘WhatsApp’ while subsequent contacts take place through telephone calls from users with foreign prefix.
During the calls made by the alleged ‘brokers’ you are falsely presented with all the enormous earning potential deriving from investments in online trading, especially in the Cryptocurrency and/or Bitcoin sector.
However, when the fake brokers notice a certain skepticism on the part of investors, they say that they belong to the company ‘Egalite’ and you, rightly going to do the appropriate research on the account of the aforementioned company, verify that it is effective and exists, and decide then make the investment with them
‘UNWARE OF THE FACT THAT THE SCAMMER DOES NOT ACTUALLY BELONG TO ‘Egalite’ BUT HE SAYS THIS ONLY TO GET YOUR TRUST AND MAKE YOU INVEST YOUR SAVINGS’.
They also guarantee you HIGH and SAFE earning percentages.
In principle, you should always stay away from those who offer you certain investments and earnings: there is no certainty that holds in the world of investments, the risk is intrinsic in any type of investment!
The reason is intuitive: if they really offered you certain investments, and guaranteed fixed monthly profits -brokers often guarantee a monthly return of 10% to 70%-, what interest would they have in wasting their precious time with third parties instead of concentrating their time and their money in their own ‘algorithmic trading platform’?!
Therefore, in the light of what I have just told you, the ‘guaranteed investments’, the ‘certain monthly profits’ represent the first alarm bells: if you find yourself in this situation it is better to immediately contact a lawyer with experience in the online scam sector before you even entrust your savings to these people. Early legal advice can save your wallet.
Obviously, even the investment proposal of fake brokers, apparently belonging to the company ‘Egalite’, makes no difference compared to the scheme that I have previously represented and used by many other companies that boast certain and secure earnings.
In particular:
- they offer you enormous earning potential;
- representing you the absolute certainty that the invested capital will not be lost; thus inducing the person to make ever higher investments;
- make you make payments to current accounts abroad;
- or through common cryptocurrency exchanges;
- when you request the return of the apparently earned capital, they ask you for ‘taxes’ and/or ‘commissions’ through another payment of money, which you absolutely must not do. Taxes should be paid in your country and not to the company!!!
I’ll explain in detail the method of the scam perpetrated by fake brokers against one of our clients: maybe it could help you in order not to run into the same scam. Or rather, I hope so!!!
2. The method of the scam committed against one of our clients.
Our client was also deceived and scammed by an alleged broker who falsely claimed to belong to the company ‘Egalite’.
He was initially enticed through the messaging application called ‘WhatsApp’ and subsequently he was contacted through foreign telephone numbers (with area code +44) by people who claimed to be ‘brokers’ and envisaged the possibility of obtaining huge profits with an initial investment of only €200-250.
Our client, warned by his family, initially declined the generous offer of the brokers; however the fake broker did not give up and continued to contact our client through the ‘WhatsApp’ messaging app showing him graphs which represented the trend of the cryptocurrency markets continuing to claim that it was a good time to enter and invest .
Therefore, unbeknownst to the family, our client was convinced to invest the first 200 euros and, subsequently, duped by the alleged ‘broker’, he paid a large sum of money that he thought had been invested on his behalf.
Enraptured by the profits shown within the platform that the fake broker made him download onto his mobile phone and, sure of the fact that the platform continued to generate earnings, he decided to request a withdrawal corresponding to 15% of the sum apparently accrued on the platform and it is at this point the problems arose: our client began to have serious doubts about the effective existence of the operations carried out by the trader.
After 15 days from the first withdrawal request, our client, still waiting, began to get suspicious and convinced that he was in the middle of an online scam!
Well yes, the screens and graphs shown within the platform did not correspond to reality and had the sole purpose of inducing our client to pay more money, enticed by the fake profits shown within the platform.
3. Why did our client get suspicious of the company ‘Egalite’?
As already explained, our client became suspicious following the expectation of a withdrawal that never arrived and indeed, subsequently, he was asked by the brokers of this company for some ‘taxes’ to be paid as the capital had been blocked and the latter were requests in order to ‘unblock deposited funds’.
It is important to underline that at the beginning of the relationship between our client and the false representatives of the ‘Egalite’ company, the latter had guaranteed the possibility of being able to withdraw the capital at any time without any ‘taxation’ and/or ‘commission’ from give to the platform.
Clearly, that it was a scam, it was evidently deduced from the fact that this sum of money could not be deducted from the capital earned, therefore a further payment must necessarily be paid by our client.
However, despite the initial mistrust, our client lent himself to paying the aforementioned sum for the payment of taxes, feeling threatened by the possibility – represented by the brokers – of blocking all the invested capital.
As you can imagine, this payment turned out to be a “hole in the water” as payment was subsequently requested not only of the previously mentioned taxes but also of some commissions for the activity provided by the brokers apparently belonging to the “Egalite” company.
At this point our client, aware of having been the victim of an online scam, decides to contact our law firm and rely on a crypto lawyer expert in the cryptocurrency sector to take legal action aimed at recovering the unduly paid capital following an online scam.
4. What is our opinion on the company ‘Egalite’?
As already written in this article, ‘Egalite’ IS NOT A COMPANY THAT DOES SCAMS but the scam is perpetrated by unknown criminals who FALSELY claim to belong to ‘Egalite’ just to gain trust in your eyes and unduly gain consent to make you invest so many savings with them.
Pay attention to what I say: ‘Egalite’ will never call you to offer you investments, therefore, if some fake “trader” calls you saying that he belongs to the aforementioned company, do not give him any credit, he is cleverly trying to scam you.
As I explained to you in the previous paragraphs, this is the usual crypto scam scheme, the interpreters are always the same!
Be wary of those who offer you “safe and guaranteed” investments: risk, in the world of financial investments, is intrinsic and therefore, those who claim the opposite are simply lying!
Don’t be in a hurry and don’t let yourself be enticed by the graphs they will show you, but ask for all the authorizations of the brokers and platforms that offer investments of a financial nature.
We are aware of the difficulty in understanding this new world of online trading: fake brokers leverage their lack of knowledge and deceive the person with all possible stratagems in order to induce them to pay more and more money!
In these cases, even before proceeding with the investment, it would always be advisable to consult a lawyer with proven experience in the sector in order to avoid (or in any case drastically reduce) the risks associated with the world of online investments.
5. What is our experience in online scam cases?
We have dealt with several cases of online scam also in the Cryptocurrency field and we advise you to be very careful: before taking any step, especially when you decide to make important investments, first consult experts on the subject since, 24/7 online consultancy, can save your wallet and all your savings!!!
I leave you other articles on our site related to the online crypto scam topic so that you can find useful information:
- Crypto Scam: is it possible to recover the money?
- Online Scam, money recovered: how did we do it?
- Online scam: what to do and how to get the money back?
We have also covered these topics on our YouTube channel. Watch our videos:
Online Scam: how to get your money back
If, on the other hand, you would like specialized advice with one of our crypto lawyers for online scam, do not hesitate to contact us, we will be at your disposal immediately.