P2P Lending Platform Scams

Every single one of us wants their investments to be safe, but greed and herd mentality can go a long way to blur our capacity to detect an investment scam. The following P2P platforms are proved scams or are currently dealing with legal and criminal charges from investors that are trying to recover their investments. I have lost funds on these platforms and I’m part of the different groups of investors looking for justice.

P2P Platform ScamDefault DateScam Story
Kuetzal Fraud @ Savings4Freedom

Jan 2020


Proved Scam
Learn More
Envestio Fraud @ Savings4Freedom

Jan 2020


Proved Scam
Learn More
Monethera Logo @ Savings4Freedom

Mar 2020


Under Legal Scrutiny
Learn More
Grupeer Logo @ Savings4Freedom

Mar 2020


Under Legal Scrutiny
Learn More
Wisefund Logo @ Savings4Freedom

Ago 2020


Under Legal Scrutiny
Learn More
P2P Bloggers: My Learned Lessons
Risk Management

P2P Bloggers: My Learned Lessons

By September 21, 2020 0
Answering three simple questions can trigger a lot of thought and energy to understand all the mistakes I made during 2019 and face the hard consequences now.
Suspicious, Troubling and Fraudulent P2P Platforms
Risk Management

Suspicious, Troubling and Fraudulent P2P Platforms

By September 9, 2020 0
After so much troubling news in the European P2P Industry, it is crucial to collect and share a list of the suspicious, troubling and fraudulent P2P Platforms.
Wisefund: Enough! Time to Mobilize
Risk Management

Wisefund: Enough! Time to Mobilize

By August 3, 2020 0
With the lack of interest payment on July 31st, I’m writing down my investments in Wisefund and urging any other investor in the platform to take action.
FastInvest: Time’s Up! A new investor legal action?
Risk Management
By July 14, 2020 3
After Kuetzal and Envestio scams, I decided to stop investing in FastInvest. Since April they limited withdrawals. Now investors are getting ready for action.
Envestio & Kuetzal (scams update): Time to Make your Claim
Risk Management

Envestio & Kuetzal (scams update): Time to Make your Claim

By June 20, 2020 1
Envestio & Kuetzal bankruptcies have been declared. Trustees appointed, and now creditors should submit their claims. What to do? A double scam update for you.
Grupeer (scam update): Know Your Client
Risk Management

Grupeer (scam update): Know Your Client

By June 16, 2020 1
On June 15th, Grupeer announced the need for investors to fill a KYC questionnaire. What are the reasons behind this? How to proceed? A scam update for you.
7 Lessons to Protect Yourself From P2P Scams
Risk Management

7 Lessons to Protect Yourself From P2P Scams

By January 6, 2020 5
Greed and herd mentality can go a long way to blur our capacity to detect P2P investment scams. Learn on how to avoid P2P investment frauds with prior lessons.