fabs-oil.com Scam Check: 10/100 Trust | ScamMinder

Exercise caution when interacting with this website.

The website 'fabs-oil.com' claims to be a company with many years of experience in the extraction and sale of oil products. It offers investment plans with high daily returns, ranging from 3% to 50%, and promises principal return on investment. The site also mentions partnerships with well-known companies in the oil and gas industry, such as Qatargas and Chevron International Gas Inc. However, several red flags and inconsistencies suggest that this website may not be legitimate or trustworthy. 1. Unrealistic Investment Returns: The promised daily returns of 3% to 50% are extremely high and not in line with typical returns from legitimate investment opportunities. Such high returns are often a characteristic of Ponzi or pyramid schemes. 2. Lack of Detailed Information: The website provides limited information about its operations, team, and specific investment strategies. Legitimate investment platforms usually offer comprehensive details to build trust and transparency. 3. Vague Business Model: The description of the company's business model, including its involvement in the oil industry and cryptocurrency investments, lacks specificity and verifiable details. 4. Use of Cryptocurrency: While legitimate investment platforms may offer cryptocurrency investment options, the use of cryptocurrency can also be a tactic used by fraudulent schemes to make it harder to trace and recover funds. 5. High Minimum Deposits: The high minimum deposit amounts for some of the investment plans, such as $10,000 with no upper limit, are unusual and may be aimed at attracting larger sums of money from investors. 6. Lack of Regulatory Information: The website does not provide clear information about its regulatory status or any licenses it holds to operate as an investment company. Legitimate financial institutions are typically regulated and licensed. 7. Overly Positive Claims: The website makes overly positive claims about the stability and profitability of the oil industry, which may be an attempt to lure investors with unrealistic expectations. 8. Limited Contact Information: The website's contact information is limited to a P.O. Box in Doha, Qatar, and does not provide a physical address or detailed company information. 9. No Evidence of Partnerships: While the website mentions partnerships with major companies like Qatargas and Chevron International Gas Inc., there is no verifiable evidence or links to support these claims. 10. Lack of Transparency on Withdrawals: The process and timeline for withdrawing profits are not clearly explained, which is a common tactic used by fraudulent investment schemes to delay or prevent withdrawals. Based on these red flags, the website 'fabs-oil.com' exhibits characteristics commonly associated with investment scams. It is advisable to exercise extreme caution and conduct thorough research before considering any investment with this platform. Additionally, consulting with a financial advisor or conducting independent verification of the company's claims is recommended before making any investment decisions."

• Unrealistic Investment Returns, Lack of Detailed Information, Vague Business Model, Use of Cryptocurrency, High Minimum Deposits, Lack of Regulatory Information, Overly Positive Claims, Limited Contact Information, No Evidence of Partnerships, Lack of Transparency on Withdrawals