A Popular Currency Trading Website Vanished Overnight And $1 Billion Disappeared With It
Domain Tools
A popular currency trading website that gained popularity with small investors suddenly disappeared earlier this, and could have taken more than $1 billion with it, Bloomberg reports.
Secureinvestment.com - which was was briefly more popular than widely-trusted currency trading platform forex.com - vanished to the dismay of the many small investors who trusted the site with their savings.
According to Bloomberg Markets:
But the site disappeared in May this year. Rajibuddin Mandal, a doctor in England, told Bloomberg that he received an email from Secure on April 30: "Our Technical Department is currently working on system updates. Our company sincerely apologises for any temporary glitches that may occur."
The website went offline the next day and it doesn't look like it's coming back. According to Bloomberg, Mandal's entire $60,000 investment has probably disappeared forever.
Here's what the site looked like in August 2013:
Secure Investments was linked to a fake address in Panama, as well as invented offices in Hong Kong, Singapore and London. Customers were asked to transfer funds to banks all over the world and were fobbed off with excuses when they attempted to withdraw the money.
The news also serves as a bit of a warning about believing video testimonials. Many of those on secureinvestment.com were done by actors. Bloomberg explains:
The site's been gone since May, and it doesn't look like it's coming back.