TBBOB We explain why you have to understand the true nature of the Turbo ETH investment program.
What is Turbo ETH about
Turbo ETH is presented as a DAPP (decentralized application) that runs on the Ethereum network. Its creator Lee Hartman does not even hide the fact that it is just an automated financial scheme that redistributes money automatically.
The promised return on investment is 4.99% daily. Investments are made in ethers, of course.
Turbo ETH is a scam
As we already mentioned, Hartman is not even trying to give you a BS story about how his system is backed by some fancy trading systems or anything similar.
He is just running a financial game that is illegal in most countries, because there is no real investing activity, no any legitimate activity of any kind, in fact.
The Turbo ETH DAPP is running as an automated Ponzi scheme that will probably exist as long as people keep depositing and reinvesting. But the deficit of money will get bigger and bigger to the point where it will fail, it is just a matter of time.
This is why you should stay away from Turbo ETH, it is an illegal financial game that can blow up any time. You just don’t know when, it could be right after your first deposit.
No licence
A thing that you should always check with any investment program, is if it is authorized by financial regulators.
As you can guess, Turbo ETH is not authorized, it is a totally anonymous project, so you won’t be able to hold anybody responsible when it fails, and you lose your money.
Summary
Turbo ETH is a scam that has been automated in the Ethereum blockchain. Stay away from it!
If you want to trade with ether or any other cryptocurrency, first try a free demo with a regulated broker.
You have to proceed carefully and learn how to trade profitably before you can start trading with your real money.
