Empic Review: Don’t invest in this HYIP Scam

 Empic’s Customized HYIP Ponzi Scheme Unveiled

Upon delving into Empic’s operations, glaring issues emerge that cast doubt on its legitimacy.

The company’s website fails to provide any verifiable ownership or executive information, raising significant concerns about its transparency and credibility.

Interestingly, a puzzling contradiction arises within the information presented.

While Empic’s website designates Isaac Hoffman Y. as the “CEO & Shareholder,” an official YouTube channel linked to the company names “Jorg K. Kottenbrink” as the CEO.

However, upon closer examination, it becomes evident that the persona of Jorg K. Kottenbrink is merely a fabricated identity represented by a man accompanied by a dubbed-over robotic voice.

This deceptive practice is a common tactic employed by non-native English speaking scammers.

Unveiling the truth behind these elusive identities, it becomes apparent that neither Isaac Hoffman nor Jorg Kottenbrink is a real person.

Shockingly, the scammers behind Empic have brazenly stolen footage of Urban Angehrn, the legitimate CEO of the Austrian financial regulator FINMA.

In a blatant display of fraudulence, Empic has doctored a video featuring Angehrn and manipulated his voice using a robo-voice overlay.

The altered video fails to align Angehrn’s words with the dubbed-over robotic voice, and there is a conspicuous absence of any mention of Empic within his speech.

Intriguingly, the specific video that Empic has tampered with dates back to 2020 and features Urban Angehrn in his capacity as the Group Chief Investment Officer of Zurich Insurance Group.

This deceitful act further highlights the audacious lengths to which Empic’s scammers have gone to create an illusion of legitimacy.

Empic’s YouTube channel features two additional videos.

The first, a tutorial, is tainted by a robotic dubbing overlay, as is the second video showcasing a rented office and actors posing as executives.

This modus operandi of employing actors to impersonate CEOs and rented office spaces is a hallmark of Russian scam operations.

Delving into Empic’s web domain, “empic.ltd,” reveals that it was privately registered on March 12th, 2023.

This concealment of ownership raises substantial red flags, consistent with MLM companies that fail to be transparent about their leadership and ownership structure.

Any prospective investor should exercise caution and thoroughly evaluate their decision before entrusting money to such an organization.

Upon scrutinizing Empic’s product offerings, a glaring absence of retailable products or services becomes apparent.

Instead, affiliates are limited to promoting Empic’s affiliate memberships, a practice that is characteristic of pyramid schemes.

Empic’s compensation plan revolves around cryptocurrency investments, promising alluring returns to participants.

The plan encompasses various tiers, each offering different returns based on the investment amount.

From the Epic Gold Plan, which pledges 1.7% daily returns for six days, to the Compounding Plan, boasting 2.2% daily returns over a span of 20 days, the scheme entices potential investors with unrealistic profits.

Empic Review logo

Empic MLM and Marketing strategy.

Empic follows a referral commission structure, offering affiliates a 6% commission on cryptocurrency investments made by recruits down two levels of recruitment.

This pyramid-like structure underlines the emphasis on recruiting new members to sustain the scheme’s growth.

Prospective participants should be aware that Empic affiliates can join for free, but full engagement in the income opportunity necessitates a minimum investment of $200.

Empic actively encourages investments in various cryptocurrencies, which further compounds the speculative nature of the scheme.

Empic Review: This is a complete Fraud

In conclusion, a closer examination of Empic’s website source code reveals a connection to “HYIP Customize,” a platform that markets Ponzi templates, scripts, and assorted elements such as banners and logos.

 

The apparent affiliation with “HYIP Customize” indicates that Empic may be utilizing a predesigned Ponzi template to operate its fraudulent scheme.

It is evident that Empic’s entire facade is built on deception.

Its website, promises of extravagant returns, and questionable affiliations underscore its status as a simple crypto Ponzi scheme, employing a generic template to lure unsuspecting investors.

The inherent flaw in Ponzi schemes lies in their unsustainable nature.

As recruitment dwindles, so does new investment, inevitably leading to a collapse in revenue generation.

Sadly, the majority of participants are destined to lose their investments, as the mathematics governing Ponzi schemes guarantee a bleak outcome.

 

In light of these revelations, it is imperative for individuals to exercise caution, conduct thorough research, and avoid falling victim to the allure of unsustainable schemes like Empic.


Editor at FraudWatchAi

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

Who we are

 Our website address is: https://fraudwatchai.com.

Comments

When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection.

An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: https://automattic.com/privacy/. After approval of your comment, your profile picture is visible to the public in the context of your comment.

Media

If you upload images to the website, you should avoid uploading images with embedded location data (EXIF GPS) included. Visitors to the website can download and extract any location data from images on the website.

Cookies

If you leave a comment on our site you may opt-in to saving your name, email address and website in cookies. These are for your convenience so that you do not have to fill in your details again when you leave another comment. These cookies will last for one year.

If you visit our login page, we will set a temporary cookie to determine if your browser accepts cookies. This cookie contains no personal data and is discarded when you close your browser.

When you log in, we will also set up several cookies to save your login information and your screen display choices. Login cookies last for two days, and screen options cookies last for a year. If you select "Remember Me", your login will persist for two weeks. If you log out of your account, the login cookies will be removed.

If you edit or publish an article, an additional cookie will be saved in your browser. This cookie includes no personal data and simply indicates the post ID of the article you just edited. It expires after 1 day.

Embedded content from other websites

 Articles on this site may include embedded content (e.g. videos, images, articles, etc.). Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website.

These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracking your interaction with the embedded content if you have an account and are logged in to that website.

Our website

FraudwatchAi is powered by WordPress and due to the nature of the platform, collects and retains information about visitors to our website.

Below you’ll find a breakdown of each instance we retain your information when you use our site.

Comments and the Contact Form
When you leave a comment on FraudWatchAi, we record your entered username, email address and website (if optionally provided).

This is information you willingly provide to us when leaving a comment.

In addition to this information we also record your IP address, which is used to monitor for spam.

This information is stored each time a comment is left, so as to maintain functionality of our website.

We also collect and store your entered name and email address when you use our contact form.

Information you provide to us when you leave a comment is retained indefinitely.

Information you provide to us via the contact form is retained until our correspondence via email is complete. At this point the emails we’ve received are deleted.

In certain circumstances, based on the nature of the content, we may indefinitely archive email correspondence for future reference.

Note that we do not sell or share stored information with any third-parties.

By default FraudWatchAi also leaves a temporary cookie on your system when you leave a comment.


This is done so your browser remembers your commenter details and you don’t have to re-enter them each time you leave a comment. The temporary cookie is valid for one year at a time.

You can choose to opt out of this by disabling cookies in your browser settings.

Subscriptions
When you opt in to receive notifications of new articles on FraudWatchAi or comments on an article, you provide us with your email address.

This information is kept to enable subscription services to function correctly until you opt out of receiving the service(s) you’ve subscribed for.

Note that we do not automatically add you to any additional mailing lists or newsletters when you subscribe for new articles and/or comments.

Advertising
FraudwatchAi uses third-party advertising companies to serve ads when you visit our website.

These companies may use information (not including your name, address, email address or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you.


© 2023 FRAUDWATCHAi
Privacy Policy -
All trademarks, logos and images are copyright of their respective owners and used under the provision of Fair Use.

Save settings
Cookies settings