At our PC repair shop, we often help clients with more than just their computers. Recently, one of our clients shared a concerning experience involving Amplivo, a company associated with Corsair Group. Their story highlights risks anyone—especially seniors—should be aware of when exploring unconventional investment opportunities.

The Story

Our client was introduced to Amplivo through a friend who had been persuaded to invest in what was presented as an eco-friendly business model—recycling plastic waste. The pitch was compelling: invest in a sustainable venture while earning returns. However, several red flags quickly became apparent.

The investment required sending money via cryptocurrency, specifically Bitcoin. Our client was asked to send $100 over the phone, followed by a request for $1,000. The contact person was listed as “police officer,” a tactic often used to gain trust. Fortunately, our client reached out for help before transferring a larger amount.

Red Flags to Watch For in Amplivo or Corsair Investments

• Unconventional Payment Methods: Requests to send money via cryptocurrency can be risky, as transactions are often irreversible and harder to trace.
• Pressure to Invest Quickly: High-pressure tactics are common in sketchy investment schemes.
• Unverifiable Contacts: Using titles like “police officer” or other official-sounding roles is a tactic to gain trust.
• Escalating Investment Demands: Asking for a small initial amount before requesting a larger sum is typical of high-risk investment schemes.

About Amplivo

According to their website, Amplivo is a global platform that aims to enhance financial well-being and personal growth by involving individuals in efforts to combat plastic waste. They claim to offer a platform where partners can invest in recycling initiatives and receive returns. However, the lack of transparency and the unconventional investment methods suggest caution is warranted.

About Corsair Group

Corsair Group, the parent company of Amplivo, has faced scrutiny in the past. Authorities in some regions have investigated their investment operations, and questions have been raised about the legitimacy and functionality of their recycling initiatives.

How to Protect Yourself

• Research the Company: Verify its legitimacy through independent sources.
• Consult Trusted Advisors: Speak with a financial advisor or someone you trust.
• Be Skeptical of Guaranteed Returns: High returns with low risk are usually a red flag.
• Avoid Unconventional Payment Methods: Be wary of requests to send money via cryptocurrency or other non-traditional methods.

Final Thoughts

Investment opportunities can seem exciting, but even well-intentioned individuals can be misled. Our client’s experience with Amplivo and Corsair serves as a reminder to pause, verify, and seek advice before committing funds. Staying cautious and informed is the best way to protect yourself and your finances.