Cybercrime Southeast Europe Newsletter No. 50
We warn you about another scam – the fake investment platform “Eaconomy”!
Recently, a new scam called “Eaconomy” has emerged in the Balkans, operating as a pyramid scheme. This platform primarily targets young people, promising quick and easy profits through investments and training programs.
How does the scam work?
“Eaconomy” presents itself as an educational platform offering courses and tools for financial market trading. However, its core business model relies on recruiting new members who pay membership fees, while existing members earn commissions for bringing in newcomers. This structure has all the characteristics of a pyramid scheme, which is illegal in many countries.
Key warning signs of a scam:
- Recruitment-focused earnings – The main source of income comes from enrolling new members rather than selling actual products or services.
- Unrealistic profit promises – Potential members are lured with the prospect of a luxurious lifestyle with minimal effort, which is often too good to be true.
- Lack of transparency – Information about the company, its headquarters, and licenses is often vague or unavailable.
How to protect yourself?
- Research before investing – Check the company’s details, read reviews, and look for independent sources of information.
- Be cautious of offers that sound too good to be true – High returns with minimal risk are a common red flag.
- Avoid platforms that require upfront payments for membership or training – Legitimate companies usually do not demand such payments.
If you have been targeted or victimized by this scam, contact us to discuss possible legal actions.
Stay alert and informed to protect yourself and your finances!
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Kind Regards,
Zoran Miljakovic
Attorney at Law