In this review of the Esom Group we explain that it is a fraudulent crypto investment platform that you have to stay away from in order not to lose money.
What is Esom
Esom Group is a company that is providing a digital investment platform for the public to make money. The platform supposedly is based on quantitative trading of cryptocurrency markets.
The Esom robot uses several strategies and monthly returns on investment (ROI) are up to 18%.
To use the platform, you need to deposit the USDT crypto token.
Esom as a company is registered in Colorado and with the FinCEN. But does it make it legitimate? No, in all honesty it is a complete scam. Thanks to our review you will understand why.
The reality is that Esom is just one of many crypto investment scams currently on the market that are hiding behind fancy terms like quantitative trading, AI or arbitrage trading.
Behind the scenes Esom has no profitable trading robot, it just runs an old-school illegal financial pyramid that is going to crumble.
Let’s start this Esom review by addressing the certificates of registrations that the company is displaying on its official website: company registration in Colorado and a FinCEN registration.
The first thing you should know is that all these registration were made online and nobody verified the reality and legitimacy of Esom’s business.
When you register a company this way, you just fill in a bunch of online forms and that’s it. Anyone can do it and it does not prove anything, certainly not about your intentions or honesty. It certainly does not prove that your business is legitimate.
Investment scams often operate with these registrations, they like to brag about their FinCEN registration in the United States. But again, a FinCEN registration is a matter of just filling in an online form.
Look at the picture below and you will see that the FinCEN emphasizes that a registration does not prove anything about the legitimacy of any given business. FinCEN is not a financial regulator that would be supervising the business that companies do.
Illegal investment platform
As as US company, Esom needs a regulatory approval to be able to conduct its investment business in a legal way.
But Esom has no authorization whatsoever, which makes it an illegal investment services not only in the United States, but also everywhere else in the world.
We know that 18% monthly returns on investment might seem real and achievable in crypto trading. Unfortunately they are not.
Or to be more exact, in crypto you can have a month when you make 18%, or even 180%. But that will be one month. It is impossible to repeat such results month after month in trading. That’s just the way it is.
In other words, the profits promised by Esom are a proof that it is a scam. There is no legitimate platform that can achieve such profits. One of the biggest scams in crypto history Bitconnect was not able to sustain 20% per month, and it was much better funded.
How the Esom scam works
Because we have researched and analyzed many similar investment platforms, we can tell in this Esom review exactly what is going.
It works like a classic Ponzi scheme. When you deposit crypto on the Esom platform, it is divided among other members and paid out as their profits.
The problem with that is that it is completely unsustainable. Deposits simply can’t grow exponentially forever, that is why Ponzi scams like Esom always collapse in the end. We just don’t know when it happens, but we know it will happen.
And when Esom crashes, it will be too late to do anything. Because remember, the platform runs on cryptocurrencies, which means transactions are irreversible. Fraudsters who run the show will just keep your money and you won’t be able to do anything about it except for a complaint with the police.
Esom review – Conclusion
Esom is an illegal investment platform and a scam. It runs a Ponzi scheme that might be paying its users in early stages, but it is sure to collapse and lose money to the majority of people involved.
Esom is not a legitimate business and you should stay away from it to protect your capital.
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