Carismo is an automated bitcoin trading platform that promises to pay you an average of 4% ROI every day.
Find out how this investment works today in our review.
What is Carismo?
Carismo, found online at Carismo.biz, is an automated forex trading platform catered towards the cryptocurrency industry. The company claims to have developed “advanced trading bots” that earn an average hourly income of 0.157%, and an average daily income of 3.773%.
The platform was developed by “some of the brightest minds in software engineering and artificial intelligence,” explains the official website, “combined with senior trading experts from Forex and commodity fields.”
Obviously, we’ve seen plenty of bitcoin scams that sound very similar to Carismo.
There are hundreds of investment schemes that claim to pay you enormous daily returns in exchange for no work, risk, or skill. Is Carismo yet another investment scam? Or is this a legitimate investment opportunity?
How Does Carismo Work?
Basically, you give Carismo money, and they magically turn that money into more money.
The company claims you can expect an average daily ROI of 3% to 4%. Graphs are posted on the official website as “proof”. The graph shows that Carismo has never registered a loss – the bot beats the market every single day, earning returns as high as 4%.
Again, we’re talking about ROI per day. The most successful hedge fund in the world doesn’t advertise returns higher than 20% per year. A return of 3% per day would mean a return of over 1,000% per year on average – which simply doesn’t exist in any safe investment market.
So how does Carismo consistently beat the markets and provide 1,000% returns? The company claims that its trading bots “are constantly monitoring the exchange rates and make decisions to buy or sell based on their unique algorithm.”
These bots make “thousands of actions every minute” in order to “produce stable income on hourly basis” [sic].
Ultimately, it doesn’t take long before you realize that Carismo is one big pyramid scheme: the company has no real trading system in place, and the company will certainly not generate 3 or 4% returns per day. Instead, the goal of the company is to convince people to join, and then pay existing members to convince other people to join. It’s one big pyramid scheme, with referrals reaching down three levels.
After you pay to join Carismo, there’s only one way to make your money back: by referring other people to the platform. Furthermore, we can’t find any information proving that Carismo has paid anyone – so for all we know, the company will just disappear with your money.
Who’s Behind Carismo?
Like other bitcoin investment scams, Carismo lists a fake address in London along with a genuine corporation registration document. The company lists a real address – although there’s no evidence they’re actually based at that address. The company was incorporated on August 21, 2017 to a man named Seth Neuman – who may or may not exist. The Carismo.biz website lists Neuman as “Dr. Seth Neuman” and claims he’s the CEO of the company. As proof, they post a stock image of a businessman typing at a computer.
The company claims to have been secretly developing the project since 2013.
Overall, all of this information appears to be a lie – there’s no evidence that the company has been developing the platform for years, or that Dr. Neuman exists, or that they have a real trading bot. It’s just a pyramid scheme, and they’re certainly not registered as a legal investment firm that’s qualified to handle your investment.
Carismo is yet another blatant bitcoin scam that lures in investors with impossible ROIs. Investors pay to join the platform, then make money by referring other people. It’s a pyramid scheme that might pay its users for a short period of time before eventually collapsing when no more people fall for the scam.
When someone promises to pay you 1,000% ROI per year, on average, with no risk, it’s a sure sign you’re being scammed. Avoid Carismo and be smarter about your money.