With the world slowly moving away from binary investments, which are considered extremely high-risk investments, investors are slowly moving towards low-risk investments. The most popular among them is the Container investments. If you don’t know, let us tell you that containers are currently serving the world’s biggest business with 90% of the movable goods being shipped in them. This thing has given rise to many fraudulent practices. The Davenport Laroche Scam being one of them. First Option Recovery brings you a thorough insight about how this scam works.
How does container trading work?
The process is a pretty simplified affair. You buy containers from underdeveloped countries for a lower price. Then you hire a company such as Davenport Laroche to lease your containers for their clients. After a gap of 9-10 months, the containers arrive in China and then, it is sold at a profit. The company takes a small commission and you receive the rest.
Little does one know that there are numerous scams that are involved in such practices and the Davenport Laroche scam being the forefront in such practices.
It is very easy to decipher the Davenport Laroche Scam. When you open the website, you will be greeted with a really aesthetically pleasing website that can easily fool you into being an original one. The catchy advertisement followed by the insane return promises can be quite misleading in real life. Note that they promise a fixed return of 12% on the amount invested per year, where in some cases it might go to 24.13% as it happened last year, according to them.
They say that all the containers that the company buys are fully trackable and everyone is going to have full legal rights regarding the containers that they are going to buy. Most of them independent trackers in various countries which act as recipients of the container owners and the money is actually transferred to the scammer’s account in those particular countries. The majority of the accounts belong to underdeveloped nations liek Cambodia, Ghana, Vietnam and Lagos.
Frauds like Davenport Laroche Scam are exposed when these companies pay different blog owners to write fake reviews about them as to how good they are and how the company helped them get the best investments and other such fabricated stuff. Often, they post fake reviews on forums regarding their company so as just to win over the trust of their customers. However, a deeper research will reveal how the company has scammed thousands of people and how many there who have lost all their lifetime savings on it.
Before the Davenport Laroche scam was exposed, their website said that these containers have a 60-year track record and are seen as the most profitable and safest source of income. But that’s not true in real sense. If something is promoted as being highly profitable and low-risk at the same time, there is a high chance of it being a fraudulent practice. One needs to note that storage containers already have a lot of financial backers and one doesn’t need to have individual investors to bring money to the table. If shipping container investments were such a high-return investment, it would be full of investors, which unfortunately is not. Hence, its better to not invest in them and if you have already, it better to look for a good fund recovery group who can help you recover your money.
What to do if you have been a victim of the Davenport Laroche Scam?
If you have been a victim of the Davenport Laroche Scam, it is highly suggested that you contact us at First Option Recovery. You can go to various legal firms but they are never going to help you irrespective of how much money you have lost. Instead, you can contact us directly and we will get back to you at the earliest. First Option Recovery has a bunch of the best recovery specialists who are always there to guide you irrespective of how you have lost your money. Container scams are new in the market and we have already ramped up our team to deal with such a financial crisis and recover your money within 120 days. As a fund recovery group, we have recovered the money from other scams like Forex Scams and Crypto Scams as well. If you have been a victim then you can contact us anytime for a free consultation.