Affiliate Network Platform
Is MoneyGuru Fake or Real?
Why is MoneyGuru Fake?
MoneyGuru claims to be a platform where users can earn by doing simple actions such as installing apps, filling forms and more. Members are also encouraged to invite more users to earn referral bonuses. They claim to have made payouts of $45 million already to their members.
The home page claims that users are entitled to a $10 sign-up bonus which can be redeemed after signing up. This is not completely true, as there is a minimum withdrawal threshold of $100.
A domain name lookup of the website shows that it was registered on 25th June 2020. The registrant’s name and location have been hidden for privacy. This means that the website has been active for no longer than 41 days as of today. If MoneyGuru has given payouts of $44,700,000 in 41 days, it has an average daily payout of roughly $1,090,244 per day. This seems highly unlikely and is probably a lie.
The platform itself seems to be a fake platform as it doesn’t even have basic features such as email ID verification. I was able to sign up on the platform and access the dashboard using an incomplete email address.
MoneyGuru also claims that its ‘parent company’ has been in the business since 2010. The name of the parent company is not mentioned anywhere. In the footer, the company name is given as MoneyGuru BV.
It claims to be registered in the Netherlands and a Chamber of Commerce number has been provided. When checked on the official website of the Nethlands Chamber of Commerce, this number was shown to belong to the company The Next Web BV and not MoneyGuru. Therefore, this seems to be another lie.
The Terms & Conditions page mentions the same company name. It states that the terms were last updated on 14th May 2019, which is not possible as the domain was only registered in June 2020.
There are also absurd conditions given in the document. It declares that anyone below the age of 99 years is not allowed to use the platform.
There are some testimonials provided on the home page and on the Testimonials page. The home page testimonial is clearly fake as the name and image are unchanged from the template which has been used to create the website.
The videos on the Testimonials page look like paid reviews by professional influencers and not real reviews by users. These videos do not provide any actual information about the platform or the earnings of the reviewers.
There are social media links of LinkedIn, Twitter and Instagram provided in the website’s footer. However, these lead to pages of a company called Prodege LLC and not of MoneyGuru. I couldn’t find any proof that MoneyGuru is related to Prodege. Therefore, the social media links seem to be fake too. I have reached out to them for a confirmation and will update this section if I receive one.
*Update* ProdegeLLC has confirmed via LinkedIn that they have no connection to MoneyGuru. Therefore, the social media links provided on MoneyGuru’s website are fake.
The contact details provided by MoneyGuru are an address and an email ID. The email ID was found to be not working when checked using MailTester. The physical address is of a location in the Netherlands and seems to be incomplete as it only mentions the building. No phone number has been provided.
One of the reviewers on TrustPilot claims that it is a legitimate platform. However, this user is also claiming that Wintub is a legitimate platform, despite it being confirmed to be a scam. The user also claims to be using MoneyGuru for a ‘couple of months’ even though it was been active for barely over a month. Therefore, this review seems to be fake.
It should also be noted that the credibility of reviews for such a platform is low in general, as users are incentivized to leave good reviews to gain referrals.
It seems extremely likely that MoneyGuru is a scam. There are several lies on the website, such as the age of the platform, completed payouts, company registration information and testimonials. There is no information on who is running the platform and it lacks basic features like email ID verification. The Terms and Conditions state that users have to be at least 99 years old to use the platform.
The email address provided does not work and the physical address is incomplete. The social media links lead to pages of Prodege LLC which is not associated with MoneyGuru in any way. The user reviews provide no confirmation that users have actually received payouts. There may also be an incentive for users to write good reviews in order to gain referral bonuses. It is advisable to avoid signing on this platform as there is a high chance that it is fake.
Remember: If something seems too good to be true, it probably is.
If you have been a victim of an employment scam, you can take the following steps:
- Lodge a complaint at the National Cyber Crime Reporting Portal
- Lodge a complaint with PayTM on Twitter, Customer Care or through the app, UPI app such as Google Pay or the Bank with which the company has an account.
- 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.
- File a complaint with the Indian Consumer Complaints Forum
- Write a review on websites such as MouthShut, ScamAdvisor and TrustPilot.
- Block all numbers of the scammers on TrueCaller, mentioning the words Fake, Fraud or Scam in the name.
- 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 on email@example.com