Bitcoin Cloud Mining Investment Platform
Is Fastearn Fake or Real?
Why Is Fastearn Fake?
Fastearn is a website that claims to be a platform for ‘investing’ in Bitcoin through cloud mining. However, there is no proof that the company actually has any cloud mining equipment. It immediately appears to be a Ponzi scheme or complete fraud.
A domain name lookup of the website shows that it was registered on 14th May 2020 in Delta, Nigeria. Scamadviser provides some additional info that the website is registered under the name of an individual named Mark Para. The contact details include a Nigerian phone number +234.7051649658 and the email address firstname.lastname@example.org.
As Fastearn’s website claims that it is an American company, it is quite obvious at this point that it is nothing but a scam.
The copyright notice in the website footer implies that Fastearn has been active since 2019, which is clearly a lie.
The website is based on the same template that is used by countless other scam websites. The content is not original either, as the same can be found on at least 110 other websites, all of which may be scams. The list is given at the end of the article.
The website is so poorly-designed that the ‘Register Now’ link on the home page does not even work. This is because the amateurs who have made the website have entered the wrong link for the button.
While registering on the site, there is a checkbox that asks you to accept the Terms & Conditions. However, there is no link to the ToS. In fact, there is no ToS on the entire website, demonstrating that Fastern is not an actual company.
Fastearn does not seem to have a social media presence. There are some social media links given on the website, but these are fake as they lead nowhere.
The contact details provided include an email address, phone number and address. The phone number is a virtual number carrying the area code of Los Angeles, while the address provided is of Texas. The address is obviously fake as it is evident that Fastearn is operated from Nigeria. It also explains the virtual phone number, as they are Nigerians pretending to be American.
No client reviews for Fastearn could be found online, but I was recently contacted by one of their victims who got scammed by ExpressEarners and Fastearn. Fastearn took the person’s money and demanded more fees to release the (non-existent) profits. This is a common type of scam known as the Advance Fee scam.
It cannot be more obvious that Fastearn is a scam. The domain name has been registered in Nigeria by an individual named Mark Para. The website is based on a template and is of extremely low-quality. It contains text that is also used on at least 110 other websites, all of which may be scams. The website does not even have a Terms of Service document.
The website is lying about being active since 2019, even though the domain name was registered only in May 2020. It provides a Texas address and Los Angeles phone number which is a VoIP line. Both of these are obviously fake as Fastearn originates from Nigeria.
Though no reviews are available, I have confirmation from one of their victims that Fastearn is simply the front for running an Advance Fee scam. The investor was asked to pay more fees instead of being given the profits.
It is advisable to avoid investing with Fastearn, as it is an outright scam.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
List of websites using the same content as Fastearn
If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as Scamadviser and TrustPilot
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
Disclaimer: The views expressed in this article are presented as an educated opinion based on facts and evidence. There is no malicious intent or attempt to defame any individual/s or organization/s. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Form.