Private Placement Program Scams is a project where we aim to create awareness about various kinds of scams, schemes and business practices.
This is a compilation of some of the more common types of private placement program scam that are being used by agencies and digital marketing companies. These programs are said to be in place in order to make sure that clients get exactly what they want.
Exactly What is a Private Placement Program Scam?
Placement programs are means by which companies are giving their top talent the chance to get hired by other companies. It is a way to retain top talent for a company by offering them job opportunities. These programs allow employees to join different companies for short periods of time, sometimes even just one day, which allows them to learn about the business environment of the organization.
How Do Private Placement Programs Scams Work?
Private placement program scams are characterized by the recruiting agency or company paying employees to create fake reviews about their customer’s first-time consulting sessions. These agencies will help first time consultants find job opportunities through placing them with companies that have private placement programs. When these consultants arrive, they’ll be asked to write an appreciation letter for previous customers before being taken into a room where the session supposedly begins.
E-Book Writing Promotion Service Scam
The e-book promotion service promoter scam is a very easy method to get your work published. You just need to send your articles to the given promotional website and wait for them to publish it. Your article will be automatically published on their site, even though you haven’t sent it to them.
Ad Fraud Software Scam
Ad fraud software scams have become a big problem in the recent times. Over a hundred fraudsters have been caught selling their “ad fraud” anti-fraud tools to people around the globe. The fraudsters have been selling spy software which is supposed to prevent ad fraud, but instead ends up being used by fraudsters to steal money from online businesses and users.
The fraudsters were able to dupe users into paying for their tools by promising them anti-fraud protection for free for one year. But once the fraudsters got access to the user data, they targeted unsuspecting business owners and stole thousands of dollars from them.
Marketing Software Scam
Marketing software is a must have tool for marketers. A lot of people think that this must be free software but it is not. In fact, there are many scams in this field and most of them can be avoided by carefully reading the documentation.
Your Privacy Is At Stake in the Age of Big Data
Private data including emails, phone records and personal details can be used by a company or a government to gather intelligence on you. An AI company that is able to collect and analyze massive amounts of data from all your digital activities could be very useful for your future.
Conclusion
The private placement program scam is a scam perpetrated by companies which offer tools to their clients. It has been promoted as “100% guaranteed” return of the investment, but it has proved to be completely worthless for investors. The scammers promise high returns on investments which they do not deliver, and this leads to the rapid erosion of investor confidence in the company’s ability to deliver on its promises.
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