Beware of Barrel.Company because it is an illegal company, which means Barrel.Company is a scam. Well, now maybe you are thinking why is Barrel Company a scam, what makes Barrel.Company a scam, what is Barrel.Company in real and so on, right? Well, you can find the answers to these queries here in our Barrel Company review. So, without further delay, let's begin with our Barrel.Company review.
What is Barrel Company? Why is a Barrel Company scam?
Barrel Company is a company which is pretending to be the importer of petroleum barrel, engaged in the supply of fuel from the Middle East and Africa but in reality, it is not importing any petroleum or any other products. It is just a Ponzi scheme which is pretending to be something else.
The Ponzi schemes always trick people by showing the payment proofs which they get by paying few members. However, they will not pay the majority of members in the end. Most of the time more than 90% of members lose money in the end. Ponzi schemes can't be sustained for the long run because they never have a real source of income and only route the money between the members to pay few members in order to show the payment proofs.
In case of Barrel Company, they have claimed many things to make people believe they are making a real profit such as they have said that they purchase raw materials from oil companies, and then sell that to refineries plants and factories and also purchase raw materials at a bargain price. They said that the main function of the Barrel Company is to negotiate with suppliers for raw materials, regulate the pricing policy, clear the customs, insurance the supplies and so on.
Well, what these things have to do about paying you 20% per day on your investment amount?
Although Barrel Company has claimed it is raising a fund from you to invest in its project so that it can make a profit and pay you back up to 20% daily, well think once again. The company which is doing the import of petroleum products, and if that company needs to raise a fund for the private oil production, then that company can easily take a loan from a bank at the rate less than 1% monthly and use that fund to invest in their project. So, instead of raising fund from banking loan at the rate of 1% monthly, why Barrel Company is paying from 8% to 20% daily profit by collecting the investment from several people. This claim itself proof Barrel Company is lying about its business. On the other hand, even it fails to provide the proof of doing petroleum barrel import business or oil production business.
Barrel Company login and join in link:- Barrel Company (Not recommended to join, it's a scam)
The official addresses that Barrel Company has provided doesn't belong to the Barrel Company which once again prove it is providing the fake official address.
Barrel Company hasn't provided any details on who and from where is operating and running Barrel Company on its WHOIS details. In the online business industry, we should never believe such companies which conceal their owner details on WHOIS because only scam companies are found to be hiding their owner details. On top of that, the company which is showing their official address and claiming to have land for oil production, they no need to hide their office address and owner name in WHOIS.
Actually, the companies like Barrel Company is not a new thing. In the past tons of companies like Barrel Company have already scammed millions of money from various people. That is why legal authorities have issued the warnings to stay away from these kinds of companies. That's why we have listed Barrel Company within our Bad and Scams category.
Never go after these companies which claim to pay the unbelievable amount of return. When you find out something is too good to be true, then you must know that is not true in the reality. That more applies in online work and business industry. Actually, we have provided some tips to identify if any sites are scams or not which you can find by clicking >HERE<
Money doesn't come so easily and passively like these scam companies claim. In order to make money, you need to do work either online or offline. If you are interested to make money online, then you can find the different genuine and legit ways to make money online by clicking >HERE<
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