Once again we have a classic scam with the Rio Profits scam. Just a typical copy paste scam from another popular scam that made its rounds a while ago called Tesler App scam. Of course, that was also a copy scam, so more or less, it’s just a nasty circle of lies. The moment the scam is exposed and people stop signing up for it, they come up with a new name and recycle the information. The script, the website setup, the whole thing is identical to scams prior to it. The moment it’s done its job and lured enough people and no one trusts it anymore, they move onto the next name.
Product Name: Rio Profits Scam
Niche: Binary Options Software
See, the sole goal is to lure you to sign up for their software and invest with their “recommended” scam broker. They get a nice referral fee for each new trader, while the broker harasses you to invest far more than you can afford. Only then do you realize that there is no software or app behind it all, at least nothing effective. The exact same thing that is behind all the rest of the scams.
What is the Rio Profits Scam?
It’s pretty clear this is a binary options scam. Only, they make it all seem as if you will be making a wad of money just by taking a survey, when in reality, you have to invest $250 in order to even start, lose it all, and then supposedly take a survey. Trust me, though, you won’t even get to the survey part. It’s completely useless to consider this scam, or even waste your time watching their long video.
Created less than a month ago (May 14, 2017), this scam is quickly gaining speed. Though most are very weary of binary options apps and software, there are still plenty that fall for them. They target people looking for easy money online, usually desperate, and with minimal experience with online scams.
See, they claim a free trial, only, I never really saw such a thing. Technically, the software does come free, but they fail to mention you do have to invest a minimum of $250 to actually see any money, or even see if the “app” works.
So, why “app”? Well, throughout the website it is continuously repeated how this is a revolutionary app, they even have buttons where you can download it from the iTunes or Google Play store, but neither of them work. A quick search in both reveals that no such app even exists.
With claims of $237 per hour, I am surprised that people are falling for this. Considering that you have to invest anywhere between $200 and $300 in order to even begin, it’s pretty clear the goal is just to lure you in.
So, all you have to do is take a 3-minute survey and you’ll have $4,250 by tomorrow right? Only, in order to take this survey, which you won’t ever see, you have to first make an investment with their broker. Only then will you even get an idea whether this scam will ever have any sort of effect. Though, I am 100% certain you will NOT make a penny and will lose all of your investment.
This guy claims his name is Andrew Reynolds from Rio Holdings. Now, this is information that is very easily searched and should be more than enough to turn people away. Only, most trust blindly and overlook this key moment for those behind this scam to prove themselves. There is no one by this name that matches this description and there is no Rio Holdings. This is just a cheap actor from Portland, Oregon, where they usually have their videos done.
Here we have some member information. Surely, all seems believable. Only, each is a stolen image from various blogs and review sites online.
You can read my review of the Tesler App scam and see for yourself where they stole the images from. This further proves that this is just a waste of time.
The Rio Profits Scam App
Of course, there are those that try to move onto the next steps in hopes of getting a glimpse of the scam. Some succeed, while others are blocked from entering. Either way, the results are all the same. There is a software behind it all, but far from what one might expect after such aggressive marketing. In reality, it’s the same software that we’ve seen time and time again with many other scams. Only, even worse. This app, which is just an online software page as no mobile app actually exists, has zero controls. Unlike some other scams out there, you cannot even control how much you want to bid per trade, let alone have further control over your money. Once you’ve invested with them, you can count on never seeing your money again.
No Turning Back
Of course, perhaps you’ve entered your information and then decided against trusting these scam artists? Sadly, that won’t be the end of it. This is why I never recommend using your real information when trying to research further into a similar get rich quick scheme, because getting your money is only the final goal. Plenty more benefits for them in between. By gaining your email address and perhaps your phone number if you’ve gone past the second step, you have provided them with the necessary information to harass you well into the future. You are now in the lists, your phone will ring off the hook as the broker (as well as other brokers) call you at all times of day and night to convince you to invest with them. Your email will be bombarded with spam from so many emails that the moment you block one, 10 more pop up. Your contact information will be used and sold time and again and spread out among many other scam artists.
Don’t waste your money on the Rio Profits scam app, and do not trust blindly when someone claims you will make quick money for free.