Procap.insure, a Philippine-based insurance provider, just entered the market with the claim that it is an innovative financial organization that offers its customers independence from financial issues.
In this post, we will review Procap.insure and inform you about its legitimacy.
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What is Procap.insure?
Procap.insure is an insurance company founded in 2022. It provides education and technical support along with their insurance policies to their policyholder.
It also offers an affiliate program which is free of cost but to unlock full earning opportunities one has to make a minimum 1235 USDT investment.
Procap.insure is registered from a shell company located in Seychelles, and its headquarters is situated in the Philippines. In addition, there is no information available about its founder or CEO.
According to SimilarWeb, the total visits on Procap.insure are 8K+ with the top countries reaching Japan (33%), United States (19%), and Indonesia (15%). Moreover, its domain was registered in December 2022, as per WHOIS.
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|Known as||Procap Insecure|
|Services offered||Insurance company|
|Domain registration date||3 December 2022|
|Address||High street south corporate plaza tower 2, 26th street corner 11th Ave|
|Contact e-mail||[email protected]|
After investigating the Procap.insure website profile on the internet and business model, we found several red flags in it. Let’s take a look at it:
- No information available about the founders
- Ringleaders or promoters caught in criminal activities
- Bogus website
- Lack of transparency
- Lack of reviews on the internet
- Possible Ponzi scheme
The biggest warning sign on the Procap.insure website is the arrest of its promoters. According to reports, eight foreigners and twelve locals were detained during a marketing event hosted at the Dusit Thani Hotel. Securities fraud and violations of the Financial Products and Services Consumer Protection Act are the two criminal charges brought against those who were arrested.
This alone should be enough to dissuade anyone from joining Procap.insure, but further warning signs include their business plan and phony single-page website that is missing several essential details.
The company’s business strategy makes it abundantly evident that it is nothing more than a Ponzi scheme scam that may go down at any time in the future. Therefore, you should avoid becoming part of it.
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Who is the operator of Procap.insure?
There is no information available about the operator of Procap.insure.
From where Procap.insure is operating?
Procap.insure is operating from the Philippines.
Is Procap.insure legit?
No, Procap.insure doesn’t appear to be a legitimate site.
Should I use the services of Procap.insure?
No, you should refrain from using the services of Procap.insure
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