Fact CheckedLast Updated on August 28, 2024 by Stephan Lindburg
The Ethereum Code Review and Scam Investigation
If you’ve heard of the Ethereum Code Scam, you’re probably wondering what this software is all about and who Jad Baker (AKA Mark Weston) is. Due to excessive complaints we received, our research staff has conducted extensive research to bring you this honest Ethereum Code review and real information about this latest fraudulent cryptocurrency trading app. Just so you know, Ethereum is a real cryptocurrency and similar to Bitcoin. With millions of people jumping on the cryptocurrency bandwagon, you can be sure that there’s serious money to be made by trading Ethereum and other cryptocurrencies. But, that’s only if you use a tested cryptocurrency trading platform.
There are duplicate or cloned scam Ethereum robots run by unregulated brokers in partnership with affiliate marketers, which give a bad name to legit cryptocurrency systems. Affiliate marketers set up an attractive website full of promises about making money overnight, and bloggers write fake reviews designed to bait unsuspecting victims.
The marketers then hand you over to the shady, illegal brokers who deal in Forex, CFD and crypto trading. It’s worth noting that many affiliate marketers receive referral commissions for directing members to use faulty systems. Therein lays the conflict of interest.
We feel it’s imperative that you be aware of the dangers of trading in Ethereum. Therefore, we have worked hard to bring you this detailed blacklist update which reveals the truth about the Ethereum Code scam so that you won’t get fleeced by these crooks posing as real brokers or investment analysts. So here is our fair warning, these crooks are really just itching to get their hands on your wallet.
Official Scam Website, Login Page, and Members Area: ethereum-code(dot)co
The Truth Revealed: The Ethereum Code is a Proven Scam
If you visit the Ethereum Code’s homepage, you’ll see in big letters an invitation to earn $10,000 every week. The fraudsters who run this scam would have you believe that someone who has a secret way to make millions would share it with you for free. Quite honestly, no one ever rakes it in by sitting on their backside while a fraudulent automated trading robot makes money for them. The only people making money from the Ethereum Code are the crooks who set up this elaborate scheme, and the unregulated offshore brokers who operate with them in tandem.
How the Ethereum Code Software Works
Affiliate marketers built this flashy website with a video that claims to show Ethereum Code software developer Jad Baker telling you about his past as an investment banker in a swanky private Swiss bank. He’ll tell you that he used the Ethereum Code software to earn millions of dollars for his clients – and now he’s sharing it with you. ‘Jad Baker’ assures you that you don’t need to know a thing about trading – his Ethereum Code app tells you exactly where to click at exactly the right time to make the maximum profit.
If you keep watching, you’ll see video testimony from ‘ordinary, everyday investors’ who signed up to the Ethereum Code, telling you how they too got rich quick. You’ll be promised $1,500 in your bank account immediately as a form of guarantee, followed by $10,000 more every single day. What’s more, you’ll be pressured to sign up ASAP because there are only 20 spots left for this offer.
If you’re taken in by the high-pressure sell and sign up, you’ll quickly learn that the promised money never arrives. You’ll just be assigned an unlicensed, offshore broker (in our case it was CFD Corporate) who will tell you that before you can get your $1,500, you need to make an initial deposit of $250. Before you spend weeks waiting for your money, let us tell you the end of the story – you can kiss your money goodbye.
The Ethereum Code Software Doesn’t Make You Any Money – The Promoters Take It, That’s The Secret!
When you register for the Ethereum Code, you’ll be told that Ethereum Code software will be sent to you as soon as you enter your name and email address. This is half-true. You’ll be sent access to the software – but denied the ability to trade. You have to make a payment of $250 before you’re allowed to begin trading.
If you make the mistake of sending this initial amount thinking that it’s just a way of making money available for your first Ethereum purchase, you’ll be hugely disappointed. When you turn the auto switch on, you’ll only see losses. The crooked brokers will tell you that it’s because you didn’t trade big enough to succeed. They’ll encourage, pressure, and even threaten you to get you to make bigger deposits in the hopes that you’ll eventually make back your money. But the Ethereum Code app is designed to only make money for the unregulated brokers behind it, who then proceed to split their dirty money with the affiliate marketers who supplied them with clients.
Red Flags and Tell Signs
- Pressure Tactics.
One of the biggest red flags is a high-pressure sell. Messages like ‘Only 20 spots available’ or ‘Limited time offer’ should trigger all of your alarm bells. The Ethereum Code rings plenty. It tells you that there are ‘Only 20 spots for serious investors.’ You’ll also be warned that ‘the Ethereum ship will sail’ very soon, so you’d better sign up now.
2. Fake Testimonials
In order to hoodwink you into believing the Ethereum Code scam, the underhanded Ethereum Code team fields videos of ‘investors’ who claim to have made thousands of dollars every week using the Ethereum Code software. The site also includes additional testimonials and Facebook posts from ‘ordinary people’ about their success. You’ll even find them in German, Italian, and Spanish. But all of these people are fake. The so-called ‘investors’ in the video are all actors, some of them hired from Fiverr. If you check the Ethereum Code site in Spanish as well as in English, you’ll see that the testimonials are still there, with the same profile photo – but a different name. How is this possible? It’s because they are fake social media profiles.
Factoid: ‘Jad Baker’ AKA ‘Mark Weston’ are a Fakes, Too
Even the purported investor and developer of The Ethereum Code, Jad Baker, doesn’t exist. The man you see in the intro video is just another actor. The video shows images from ‘his’ Instagram account – but if you search Instagram for his name, you won’t find it.
The thieves managing the Ethereum Code app even tell you the truth themselves, but they hide it in the small print. If you scroll down all the way, to the bottom of the homepage, you’ll find a link labeled ‘Disclaimer.’ Clicking there will take you to the disclaimer which reveals the truth. Namely, that it is fictitious and created for entertainment purposes only, so check the fine print.
3. Fake Endorsements
To try to gain your trust, the crooks behind The Ethereum Code claim to have been reviewed by Forbes, CNN, Money, and Fortune. But, this too, is a lie. Searching for The Ethereum Code on any of these sites won’t bring up any information.
Legit Crypto Robots and Automated Trading Apps
If you are searching the internet for a more reliable and effective trading app then we have compiled a short list of the best and most reputable crypto robots available online today. These are made available to you exclusively via our recommended section so take a minute to check them out.
Ethereum Code Review Conclusions: Blacklisted! Bona Fide Scam and Confirmed Get Rich Quick Scheme!
Our in-depth, carefully researched Ethereum Code review makes it clear that the Ethereum Code software is one big scam. The crooked fraudsters behind it make promises they cannot possibly deliver and use lies, actors, and fictitious characters to deceive and mislead you. Once you’ve registered, you’ll never earn any money, only be asked to send more and more by shady offshore brokers. Even the Ethereum Code’s own small print admits that if you use this software, you acknowledge that you might incur great losses. If you don’t want to become the next victim of the Ethereum Code scam software, we advise you to steer clear and seek alternative and more legitimate systems. As always, we would like to personally invite you to check out our YouTube Channel and Facebook Group.
