Lira Coin Club is one of the many crypto MLM scams which have popped up in recent times. Their official domain is liracoin.club. This company resorts to hideous techniques and methods to hide and bury critical reviews. They utilize fake DMCA takedowns and post fake pr posts to misguide their victims and steal their hard-earned money.
They claim to provide cryptocurrency trading services. Their domain was registered in August 2017 and was updated in 2018.
Lira Coin Club promises to make its victims rich from small investments of even $100. Many scam companies make such promises, but none of them follow through with them.
After taking a look at their website, you might think that they are legitimate. It is only by going into the nooks and crannies, we see how flawed the logic behind their scheme is.
Lira Coin Club
Lira Coin Club offers its investors an opportunity to make money via trading in crypto. The company gives a vague road map of how they work.
The company also allows people to make money by buying the company’s tokens called LIC.
The ROI depends upon the amount of investment made by teh investor.
The owners of Lira Coin Club are anonymous and possibly offshore. They’ve done everything they can to hide the details about the company.
There are no details available on any retailable products or services provided by Lira Coin Club. Every MLM firm has to provide a product or service for it to be considered legal.
Lira Coin Club Compensation Plan
After investing in Lira Coin Club, you become the “proud” owner of different tokens which depend upon the amount of investment made. Then you can lead these coins back to Lira Coin Club for a monthly profit.
1st year, you can get a 3% monthly return on investment for the 1st 180 days, after which you will get a 2.5% monthly ROI.
2nd a year, you can get a 1.5% monthly return on investment for the 1st 180 days, after which you will get a 1% monthly ROI.
3rd year, you can get a 0.75% monthly return on investment for the 1st 180 days, after which you will get a 0.5% monthly ROI.
4th year, you can get a 0.4% monthly return on investment for the 1st 180 days, after which you will get a 0.3% monthly ROI.
What is a Ponzi Scheme?
A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.
5th year onward, you get a 0.25% ROI
Using Fake DMCA Takedowns
On 18th November 2022, someone from Lira Coin Club’s SEO/Reputation team decided to file a fake DMCA complaint to Google.
They used the alias called Gerardo L. Moreno and used a VPN to change their location to IT.
The fake DMCA complaint in discussion is this:
https://www.lumendatabase.org/notices/29559365
A fake post was made on a blog on Tumblr.com, which was then backdated. This post was used to manipulate the Google employees into thinking the planted post was the original.
ValForex.com was the victim of this fake DMCA complaint.
The post that Lira Coin Club’s marketing team wanted to hide was this:
https://www.valforex.com/lira-coin-club-review-is-lira-coin-a-scam/
Lira Coin Club is a scam
This MLM scam company offers no products or services. They fail to provide any evidence that they are trading or even mining cryptocurrency, and they are not regulated by any financial authority in the world. They are operating illegally and cannot be trusted by anyone. The owners of Lira Coin Club choose to stay anonymous to avoid any repercussions they are bound to face for running an illegal investment scheme.
They also use illegal DMCA takedowns to hide critical reviews from the web.
