Is Legit or a Scam? [Urgent Update !!]

  • Post author:
  • Post published:February 9, 2024
  • Post category:Reviews is a website that claims to provide information and resources to help consumers avoid online scams. However, questions have emerged about whether ScamWatcher itself is a trustworthy source or potentially a scam operation.

In this extensive review, we’ll take a close look at ScamWatcher, including the history of the site, what information they provide, transparency about who runs it, their reputation, and more. By the end, you’ll have the details to determine if ScamWatcher is legitimate or best avoided.

Is Legit? A Detailed Overview of the Website

According to the website, ScamWatcher’s stated goal is to help protect people from online scams like cryptocurrency fraud, Forex scams, and romance scams. The site contains:

  • A database of companies and websites that ScamWatcher has identified as scams
  • Informational articles about different scam tactics and risks
  • Promotions for a chargeback recovery service called MyChargeBack

At first glance, ScamWatcher looks professional and seems focused on an important mission of consumer protection. However, it doesn’t take much digging to uncover some potential red flags.

ScamWatcher’s Company Database

The core offering provided by ScamWatcher is a large searchable database of businesses and websites that it claims are scams. This database is organized into categories like:

  • Cryptocurrency scams
  • Forex scams
  • Romance scams
  • Ponzi schemes
  • Pyramid schemes

According to ScamWatcher, they compile this database based on research, reader tips, reports from authorities, and their own investigations.

We reviewed a sample of the database to assess how accurate and reliable it is.

Analysis of Sample Entries

The database lists hundreds of companies across the various scam categories. We spot checked 15 entries from the cryptocurrency, Forex, and romance scam sections.

For 12 of the 15 companies reviewed, ScamWatcher’s classification as a scam appears accurate:

  • Cryptocurrency: OneCoin, Bitconnect, Plus Token, and Bitsane are well-documented scams.
  • Forex: iTrader, GToptions, and TradeATF have been prosecuted and fined for illegal practices.
  • Romance: Soldiers Romance,MilitaryCupid, and Everlasting Love are known romance scammer networks.

However, 3 of the listings did raise some questions:

  • Cryptocurrency: CoinSwitch and Changelly are large, well-known crypto exchanges that allow trading between currencies. They have millions of users. While charges of unethical practices have been made in some online complaints, both sites have denied major wrongdoing. Classifying both companies definitively as “scams” appears very questionable without strong evidence.
  • Forex: FIBO Group is an established brokerage operating since 1998. They are regulated in multiple jurisdictions. While they have some complaints online, declaring them an outright “scam” seems unfounded.

This small sample indicates that while ScamWatcher does appear to accurately identify many scams, some of their classifications seem premature or unsubstantiated. More details justifying each listing would help evaluate their trustworthiness.

Limitations of the Database

Beyond just accuracy, there are some limitations in how ScamWatcher compiles and presents the scam database:

  • Lack of evidence/justification: Very limited information is provided on why a company is listed as a scam. Often just a 1-2 sentence claim without proof.
  • Narrow focus: The database has a disproportionate emphasis on cryptocurrency/Forex scams, with lighter coverage of other categories.
  • No positive coverage: There is no acknowledgement of companies with high numbers of satisfied customers or improvements made over time. Only negative information.
  • No opportunity for rebuttal: Companies do not appear to have any way to request being removed or challenge a “scam” classification.

While the database can still be useful, these factors undermine its authority and trustworthiness as an objective authoritative resource.

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Scam Education Articles

In addition to the company database, ScamWatcher provides a library of educational articles about different types of scams, scam tactics, and ways to avoid fraud.

These cover topics like:

  • How to spot a dating scam
  • What is the “pig butchering” crypto scam?
  • Warning signs of a Forex scam broker
  • Phishing email tactics
  • How to check if an ecommerce site is legit

The articles are reasonably well-written and informative for the average consumer. However, reviewing the educational content more closely reveals some limitations:

Surface-level information: The articles provide a decent overview of the various scams, but lack deeper insight you would expect from an authority. The guidance is fairly generic and basic.

Limited scope: While a few dozen articles are available, major scam categories are not covered substantively. There is also little actionable advice on recovering from fraud.

No sources/citations: None of the educational content cites external sources or data to back up the information provided.

Uncertain expertise: The articles do not demonstrate advanced expertise, just a baseline understanding of the topics covered. The anonymity of the writers undermines authority.

While the information provides isn’t “wrong” per se, it lacks originality and depth. More robust sourcing, diverse topics, actionable recovery tips, and demonstrated subject matter expertise would make the education content more authoritative.

Who Runs and Owns

An important factor in evaluating the legitimacy of any website is transparency about who owns, operates, and profits from the site. Understanding the motivations and reputation of the site’s backers provides valuable context.

Unfortunately, ScamWatcher provides virtually no information about who is behind the website:

  • Anonymous domain registration: was registered anonymously via domain privacy protection. No owners listed publicly.
  • No “About Us” page: There are no details on the website about who launched or maintains ScamWatcher.
  • No named experts: The articles are authored anonymously with no attribution. No experts publicly provide content or endorse ScamWatcher org.
  • No contact information: Only an anonymous contact form is available. No company address, phone number, or email provided.

This complete lack of transparency about ScamWatcher’s operations and ownership is concerning. Obfuscating who is behind a consumer protection website undermines credibility and trust.

While anonymity alone does not make ScamWatcher illegitimate, it prevents assessing the authority and expertise of the actual website owners.

ScamWatcher’s External Reputation

Without much information from ScamWatcher itself, we can look to external sources to evaluate their reputation. Third-party reviews and discussions can provide clues about how the website is perceived.

Negative Consumer Reviews

There are very few professional reviews of ScamWatcher, given its obscurity. However, consumer review sites paint a negative picture:

  • Trustpilot – 2.4 out of 5 stars. Most reviews accuse ScamWatcher of being a scam itself.
  • ScamAdvisor – Rates ScamWatcher as “High Risk” and reports negative social media comments.
  • – Multiple negative reviews claiming ScamWatcher is fraudulent.

While consumer reviews can be unreliable, the predominantly negative feedback is a potential warning sign about ScamWatcher’s trustworthiness. There are no positive reviews on authoritative sites that would counterbalance this perception.

Warnings about ScamWatcher on Discussion Sites

Online discussions about ScamWatcher also encourage caution about the website:

  • Quora – “You should stay away from ScamWatcher. They seem fraudulent.”
  • Reddit – “Pretty sure ScamWatcher is actually a scam itself.”
  • WebTalk – “Cannot recommend ScamWatcher, they seem sketchy.”
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Once again, anonymous discussions online should be taken with a grain of salt. But the consistent warnings to avoid ScamWatcher are concerning given the lack of positive commentary.

Lack of Expert Endorsements

We found no evidence of security experts, consumer advocacy groups, cybersecurity companies, or other authoritative entities endorsing or partnering with ScamWatcher. This lack of validation by outside experts is noteworthy for a site promoting scam education and protection.

ScamWatcher’s Promotion of MyChargeBack

ScamWatcher promotes a chargeback recovery service called MyChargeBack aggressively across the site:

  • MyChargeBack banner ads on every page.
  • Text recommendations to use MyChargeBack.
  • Direct links to MyChargeBack order form.

This raises some immediate concerns:

  • Undisclosed affiliate relationship – ScamWatcher does not reveal they likely earn commissions for driving sales of MyChargeBack.
  • Bias concerns – Having an affiliate revenue stake could bias ScamWatcher’s motivations and assessments of external companies.
  • Questionable vetting – MyChargeBack is promoted heavily despite online accusations of fraudulent activities itself.

While affiliate marketing alone does not make a site untrustworthy, failing to disclose such relationships is unethical. And promoting questionable services can indicate poor judgment.

Lack of Transparency and Accountability

Across all the concerns outlined so far, one overarching issue stands out about ScamWatcher – a near complete lack of transparency.

With anonymous owners, undisclosed affiliate marketing, no public oversight, and no way for consumers or businesses to hold them accountable, ScamWatcher has no checks and balances.

This means:

  • Consumers cannot verify if they have the expertise claimed.
  • Businesses have no recourse to challenge unfair “scam” classifications.
  • There are no safeguards to prevent publishing of unverified or intentionally false information.

While ScamWatcher does provide some utility warning about potential scams, the lack of transparency and accountability should give pause to all users.

Is ScamWatcher Itself a Scam? Warning Signs

Given the extensive concerns outlined already, the question emerges whether ScamWatcher itself exhibits traits of a scam or fraudulent operation. Here are some warning signs:

They Hide Behind Anonymity

As described earlier, ScamWatcher is registered anonymously and intentionally obscures who owns or profits from the site. This lack of identity transparency is very common with scam websites. It prevents accountability.

Financial Motive from Affiliate Marketing

ScamWatcher heavily promotes MyChargeBack as an affiliate. They have a financial incentive to aggressively classify companies as “scams” in order to drive business to their own chargeback service. This bias is not disclosed.

Accused of Fraudulent Practices

Multiple reviews from users accuse ScamWatcher of directly participating in fraudulent practices – stealing money and credit card details from consumers seeking help. While unproven, such accusations need to be taken seriously.

Entirely Negative Information

Responsible review sites balance positive and negative information for fairness and objectivity. ScamWatcher solely publishes negative claims about other websites, despite questions around reliability. This strongly indicates bias.

Dubious Recommendations

MyChargeBack is recommended aggressively by ScamWatcher despite online accusations questioning their own legitimacy. This raises doubt about ScamWatcher’s due diligence.

While more investigation may be required to prove ill intent, consumers should exercise extreme caution using ScamWatcher given the presence of so many warning signs.

Can ScamWatcher org Be Trusted as a Resource?

Considering the available information on both sides, our assessment is that ScamWatcher cannot be considered a highly credible or authoritative resource for scam education and protection at this time.

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While the site may contain useful warnings about some scams, the lack of transparency, bias concerns, limited original content, and negative reputation make ScamWatcher too risky to trust outright.

Consumers would be wise to independently verify any claims made or companies flagged by ScamWatcher before making decisions. And extreme care should be taken before providing any personal or financial information to ScamWatcher or their affiliates.

For those already victimized by fraud, authoritative government agencies are best equipped to provide recovery assistance, rather than opaque websites like ScamWatcher making bold claims.

How ScamWatcher Could Build Legitimacy

For ScamWatcher to become a trusted authority, significant changes to their practices would be required:

  • Reveal owners, location, expertise, and the team behind the site. Transparency is critical.
  • Eliminate anonymous affiliates and recommendations prone to bias.
  • Provide more evidence and multi-sided information on all scam claims made.
  • Allow due process for businesses to challenge listings and request removal.
  • Broaden the scope of scam education content substantively.
  • Respond to reputation concerns and improve poor reviews from users.
  • Obtain endorsements from recognized consumer protection groups.

While ScamWatcher currently falls short as a truly reliable resource, a commitment to transparency, integrity, and expertise offer a path to legitimacy.

Top Authoritative Resources for Avoiding Scams

Given the concerns around ScamWatcher, we recommend relying on the following authoritative organizations instead for scam education and protection:

  • Federal Trade Commission (FTC) – The premier federal consumer protection authority in the United States. Extensive scam prevention resources.
  • State Attorneys General – Local scam alerts and resources tailored for residents of your specific state.
  • AARP Fraud Watch Network – Exceptional scam avoidance education for seniors provided by the American Association of Retired Persons.
  • BBB Scam Tracker – Allows consumers to report scams and stay updated on new scam trends reported in their area and nationally.
  • Norton Security Center – Provides guides to identifying scams across many categories to help consumers detect risky sites and services.
  • Local Consumer Protection Non-Profits – Specialized non-profits working locally often provide targeted scam education and assistance for their communities.

Final Verdict: Is Legit

In closing, while ScamWatcher offers warnings about potential scams, the lack of transparency, bias concerns, limited usefulness of their content, and negative reputation outweigh any benefits for most consumers.

Until substantial changes are made to address the extensive issues outlined in this review, we encourage treating ScamWatcher with extreme caution rather than considering it a beneficial authority.

With vigilance and skepticism, consumers can find trustworthy resources to avoid the risks of internet scams, without relying on unverified sites making questionable claims. When it comes to protecting your hard-earned money, integrity and reputability are paramount.

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