economic-consultants.com Reviews

The website “economic-consultants.com” presents itself as a consultancy firm offering services in funding, debt, equity, bank guarantees (BGs), standby letters of credit (SBLCs), merger and acquisitions, due diligence, and non-recourse programs. However, several aspects raise concerns about the legitimacy of this website and the services it claims to offer. Here are the reasons for considering it a potential scam:

1. Lack of Specific Information: The website provides a broad range of services without detailed information on how these services are delivered, the expertise of the team, or specific case studies or success stories.

2. Vague Language and Claims: The website uses vague and grandiose language, such as being “funding experts since 1990,” without providing verifiable evidence to support these claims.

3. High-Risk Financial Services: Offering services related to bank instruments, trading platforms, and non-recourse programs can be high-risk and are often associated with scams or fraudulent activities.

4. Monetization of Bank Instruments: The claim of offering monetization of bank instruments with high loan-to-value (LTV) ratios and fast processing is a common red flag in financial scams.

5. Private Placement Programs (PPP): Promising high returns in a short period through private placement programs, especially with large minimum investment amounts, is a characteristic of investment scams.

6. Lack of Verifiable Partnerships and Clients: The website mentions working with over 200 different institutions but does not provide verifiable details or testimonials from these partners.

7. Forum and Press Release References: While the website mentions participation in forums and press releases, these references are not independently verifiable and could be fabricated.

8. Inconsistent and Outdated Content: The website’s content, including news and press releases, may be outdated, which is unusual for a legitimate and active consultancy firm.

9. Lack of Transparency on Fees and Costs: The website mentions offering bank instruments but does not provide clear information on associated costs and fees, which is crucial in financial services.

10. Generic Contact Information: The use of a generic email address for contact (“info@economic-consultants.com”) instead of specific contact persons or departments is unprofessional for a reputed consultancy.

11. Overemphasis on Global Presence: Listing numerous global locations without substantial evidence or specific local expertise can be a tactic to appear more established than the actual operations.

12. Unsubstantiated Claims of Industry Recognition: The website mentions being a member of the Institute of Directors (IOD) for over 20 years, but this claim is not independently verified.

13. Press Release Links: The provided links to press releases are not functional, and the content of these press releases cannot be verified.

14. Privacy Policy and Disclaimer: While the website has a privacy policy and disclaimer, their content and adherence to data protection regulations are not independently verified.

15. Longevity and Domain Age: While the website claims to have been in operation since 1990, the domain age of the website is only 22 years and 15 days, which does not align with the claimed experience.

Considering these factors, it is advisable to exercise caution and conduct thorough due diligence before engaging with “economic-consultants.com” or any similar financial consultancy offering high-risk services.”

the reasons behind this review :
Lack of Specific Information, Vague Language and Claims, High-Risk Financial Services, Monetization of Bank Instruments, Private Placement Programs (PPP), Lack of Verifiable Partnerships and Clients, Forum and Press Release References, Inconsistent and Outdated Content, Lack of Transparency on Fees and Costs, Generic Contact Information, Overemphasis on Global Presence, Unsubstantiated Claims of Industry Recognition, Press Release Links, Privacy Policy and Disclaimer, Longevity and Domain Age