Oil Sands.com is an illegal scheme known as a Ponzi scheme, so that already makes Oil-Sands.com a scam, however, you can find out more about it within our Oil-Sands.com review here. If you don't know what is Ponzi scheme, then you can find the details by clicking this link:- newsonlineincome.com/ponzi-scheme/
If you want to find out the details why we are saying Oil-Sands.com is a scam or if you are searching for the Oil Sands reviews in order to find out either is Oil Sands scam or legit, then you can find the details within our Oil Sands review here.
However, before we begin with our Oil Sands.com review in detail, if you want to take a look at our list of legit online works and businesses, then you can find the list of our recommended good and trusted online works and businesses by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
Among all those good and trusted online works and businesses, Wealthy Affiliate is our No.1 recommended company and if you want to know why then you can find our detailed review on Wealthy Affiliate by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, let's begin with our OilSands review in order to find out what is OilSands in real and why is an OilSands scam.
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Oil Sands login and join in link:- Oil-Sands.com (Not Recommended to join, it's a scam)
Oil Sands Ltd claims to make a profit from oil extraction, but there is not any proof of that. Oil-Sands.com fails to provide the real location or details of those projects. The only verifiable source of income of the company is the amount invested by the affiliates which makes it a Ponzi scheme, means an illegal scheme.
Let's think generally. Why any company which is working in oil extraction field will not take a loan from a bank in less than 1% monthly interest rate and raise a fund from various people by paying them up to 109% profit in 7 days? Don't you think anyone will like to pay 1% interest rate monthly than paying 109% profit in 7 days? So, the business model of these kinds of companies doesn't make any sense and prove themselves to be a Ponzi scheme. On top of that, Oil Sands pays 5% referral commission which adds another financial burden.
Like other similar kinds of Ponzi schemes, Oil Sands Ltd has also registered in the UK Companies House. But, that is not a proof of legitimacy because anyone can provide fake details to register a company in the UK Companies House. In order to find out how the companies are registered in the UK Companies House, please click this link:- newsonlineincome.com/scam-companies-registered-from-uk-companies-house/
More than that, there were tons of Ponzi schemes with such UK Companies House registration similar to Oil Sands which have already turned into scams. So, it proves that having such document can't stop anyone to turn into a scam.
Besides that UK Companies House registration, Oil Sands hasn't provided any information about who and from where is operating and running Oil Sands. That information is also hidden within WHOIS. In online work and business industry, only scam companies have found to be hiding their owner details, none of the legit companies have.
Now it is clear that Oil Sands is a scam, so we have listed it in our Bad and Scams category.
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