PythagonExpertOption: Nigerian Scam Network Exposed

Welcome to our Pythagon Expert Option Review about the website at PythagonExpertOption.com.

Did they scam you? Please share your story in the comment section below, and we will reply with personalized advice.

On July 6, 2023, the following complaint was filed with the BBB (Better Business Bureau) by a person who reported losing $2800 to a cryptocurrency scam:

The scammer hacked my friend’s account and then impersonated her. She is the daughter of a former co-worker. I’ve always known her to be busy, so it wasn’t unusual for us to go long periods without speaking. The scammer was aware of personal details and had hacked her Facebook and Messenger accounts. They even changed her profile to say she was employed at Coldwell Banker Residential Brokerage.

I invested $2,800 in cryptocurrency and transferred the assets to PythagonExpertOption.com, where I saw profits from trading the cryptocurrency. When I tried to make my first withdrawal, the “head admin”—the person impersonating my friend and with whom I had been in contact on the Telegram app—informed me that I had to pay my first commission fee. They instructed me to buy more cryptocurrency and transfer it to them. Although a “program” ran automatically to handle the trading, I was told that I needed to conduct my first commission transaction manually. When I requested my initial $2,800 investment back, they stopped responding.

The complainer provided the following information:

• Business name: Crypto Investment Scam – Hacked Social Media Account Solicitation
• Website: pythagonexpertoption.com

So what is PythagonExpertOption.com, and is it a SCAM?

PythagonExpertOption.com Review

PythagonExpertOption.com was registered through OwnRegistrar on July 15, 2022, updated on August 19, 2023, and is set to expire on July 16, 2024.

The registrant’s contact is Michael Agala from the organization “KDBPLC.”

Address: Dallas, New York 10001, United States.

Could they mean 10001 New York Circle, Clive, Dallas, IA, United States? Because the address they specified is not a real address.

Phone number: +1 (108) 397-7284. (An invalid phone number.)

Email: 001agala@gmail.com.

NameCheap hosts the domain.

It has a 2% SEMrush Authority Score with 65 backlinks from 13 referring domains, including wikifx.com, trustedrevie.ws, and brokersview.com.

PythagoneEpertOption.com appears to be a platform focused on trading and investment, offering:

1. Account Creation: The website allows users to open a free account for trading and investment. Users need to fill out a form, including a wallet address.
2. Trading Options: The site provides trading options in various markets, including stock indices, forex, commodities, Bitcoin, and economic events. It mentions that 5,000 hourly, daily, and weekly contracts are traded 5 days a week.
3. User Dashboard: The site features a dashboard where users can log in to manage their accounts.
4. Regulatory Compliance: PythagonExpertOption claims to be a leading exchange in the U.S., offering binary options and cryptocurrency trades. It also claims to be regulated by the Commodity Futures Trading Commission (CFTC) and is based in Florida.
5. Contact Information: The website provides an address in New York, NY, and a contact number for customer inquiries.

Homepage

Based on PythagonExpertOption, this online trading platform focuses on multiple types of investments, including binary options and cryptocurrencies.

The platform claims to be the leading exchange in the United States for these trades. It states it is regulated by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission.

The company is purportedly based in Florida, with member funds in segregated accounts in major U.S. banks.

They offer automated investing with the promise of earning passive income for their investors, with the trading executed by their team across various asset classes.

For contact, they provide an address in New York and a phone number: +1 (501) 653‑7271 (501 is an Arkansas, USA area code), with an email support@pythagontrade.com.

Red Flags

Now, let’s move on to red flags and skeptical points:

1. Conflicting Information: The company claims to be based in Florida but provides a New York address and an Arkansas phone number. Additionally, they mention being regulated by the CFTC and the Securities and Exchange Commission, which seems somewhat contradictory given the types of trades they offer. Binary options and CFD trading like those offered by Pythagon are illegal in the USA, so how can they be regulated there?
2. Guaranteed Profits: The site promises guaranteed profits, which is usually a major red flag in the trading world where risks are inherently part of the game.
3. Investment Minimum: The site mentions a minimum amount of 500 USD required to open an account, which might be considered high for a platform that claims to offer opportunities for all types of investors.
4. Ambiguous Language: The platform claims to “bear all the risk of investing on your behalf,” but offers little information on how this is achieved or what it means for the investor’s funds.
5. Platform’s Credentials: While the site claims to have received 5 out of 5 stars for “research” and “user experience” by Kiplinger’s Personal research in 2018, this cannot be verified without external sources. Strange since the website has been registered in 2022.
6. Use of Cryptocurrency: The platform pushes users towards depositing and withdrawing via Bitcoin, which could be a mechanism to escape traditional financial scrutiny.
7. Copyright Date: The copyright dates range from 2014 to 2023, which might imply longevity but could also be a tactic to give the impression of a well-established platform, but again, remember the domain was registered in 2022.
8. The email address support@pythagontrade.com suggests that the owners of this website had a previous domain – pythagontrade.com.

PythagonTrade.com

Why is PythagonExpertOption.com using an email address of a different domain, PythagonTrade.com?

Strangely, PythagonTrade.com does not appear to be currently owned by anyone. In fact, the only evidence it ever existed is Google search results, where a pattern of suspicion emerges. There’s a notable lack of comprehensive and credible information available. For one, the number of search results is surprisingly low at just four, which is uncharacteristic for a company that claims to be a leading exchange in the U.S.

Secondly, there are red flags among the scant information, such as direct allegations of the platform being a scam. Specifically, a Twitter user named Kelvin Ortiz warns against trading with PythagonTrade.com, explicitly labeling it a scam in the realm of cryptocurrency and Bitcoin trading.

Further skepticism is warranted by the entry on BeerMoneyForum.com, which outlines that the investment plans offer up to a 500% ROI. The minimum investment required is $1,000, with no specified maximum limit. Payment and withdrawal options include cryptocurrencies, Perfect Money (pm), and Payeer.

The domain registration date indicated is January 11, 2022, which adds another layer of concern given that the company claims to have been operating since at least 2014.

Wayback Machine confirms that there was activity on the domain during 2022 but not earlier. Cached versions of the site reveal that PythagonExpertOption.com is a PythagonTrade.com clone, which explains why they retained their original email address even though, for some reason, they had to switch to a different domain.

About

PythagonExpertOption presents itself as a leading U.S. exchange offering binary options and cryptocurrency trades. According to their statements, client funds are kept in segregated accounts in major U.S. banks.

For contact, PythagonExpertOption is located at A108 Adam Street, New York, NY 535022. According to Google Maps, there’s no such address.

The names of their team members — Walter White, Sarah Johnson, William Anderson, and Amanda Jepson — are so generic that they raise questions about authenticity. Are these real financial experts or just placeholder names? Combined with other inconsistencies, giving PythagonExpertOption the benefit of the doubt is challenging.

While PythagonExpertOption wraps itself in the veneer of legitimacy and security, there are enough inconsistencies and red flags to advise proceeding with extreme caution.

Pythagon Expert Option Reviews

Multiple reviews and trust scores suggest that the platform might be a scam, advising people to be cautious and avoid using the service.

PythagonExpertOption.com has a very low trust score of 1 out of 100, as reported by Scamadviser. Several factors contribute to this low trust score:

• The website has been reported as unsafe by Trend Micro.
• The website uses free email addresses for contact, technical contact, and administration, making tracking the user’s identity hard.
• The website is hosted on a server that also hosts other low-trust-score websites.
• It is involved in cryptocurrency services, which are considered high-risk.
• Anonymous transaction methods are supported.
• Negative reviews have been detected for this website.
• It appears to be hosted by a shady service provider.

Consumer reviews also indicate negative experiences, including fraudulent activities and loss of funds. The overall data suggests it may be a high-risk or scam site.

According to beermoneyforum.com, pythagonexpertoption.com offers a minimum investment of $100, with investment plans promising 20% – 100% total profit return. The deposit and withdrawal options include cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Additionally, the site offers a 5% referral commission.

However, below, we find the following user review by Lonnie E. Walker:

Anyone reading this review should know that this company is a scam. Everyone involved on their Telegram or WhatsApp groups is also scamming. Do not send money, as you will never see any profits returned. I was taken in, so please stay away from PYTHAGONEXPERTOPTION.COM. The website may appear promising and give you hope by showing potential profits, but you’ll never realize those gains. Unexpected issues always arise, requiring more money for withdrawals, maintenance, and fees.

Additional Sites Related to PythagonExpertOption

Recall that the registrant of PythagonExpertOption.com listed the following company name: “KDBPLC.” Searching Google does not reveal a company by this name but reveals additional websites that list the same company name, such as:

• RapidDispatchCourier.com (registered March 1, 2020) – The registrant contact for the organization KDBPLC is Michael Agala. He is located in Ikeja, a city in Lagos state, Nigeria. The postal code for the address is 234732 and the street is simply listed as Lagos. He can be reached via phone at +234.7083972845 and his email address is provided as 001agala@gmail.com.
• Plus-Profits.net (registered May 21, 2023) – The registrant contact is Michael Agala, who is associated with the organization KDBPLC. He is located in Dallas, New York, United States, with a postal code of 10001. He can be reached via phone at +1.108397284 and his email address is 001agala@gmail.com.
• KeyCentralBPLC.com (registered January 12, 2012) – The registrant contact is Michael Agala, who is affiliated with the organization KDBPLC. He is based in Dallas, a city in the state of New York, United States. The postal code for his location is 10001. He can be contacted by phone at +1.108397284 and his email address is 001agala@gmail.com.

Of these, the only one still active is KeyCentralBPLC.com.

RapidDispatchCourier.com

RapidDispatchCourier.com appears to be a website that dispatches other websites, most owned by Michael Agala, such as:

• alphabplc.com
• marblehillslogistics.com
• globetrotlogisticsworldwide.com
• clariontrustb.com
• bestguaranteedb.com
• alliedbuildersplc.com
• accubonline.com
• 11pholixinvestmentbank.com
• 1marblehillslogistics.com
• pholixinvestmentbank.com

Some of these have a different registrant contact. For example, pholixinvestmentbank.com was registered by Ikoro Obinna, affiliated with the organization Pholix Investment Bank. He is located at 27 Allen Avenue in Ikeja, Lagos, Nigeria, and the postal code for the area is 100001. He can be contacted via phone at +234.8021256920; his email address is ugochisaka@gmail.com.

Plus-Profits.net

Based on the cached version of Plus-Profits.net. they claimed to be a platform for financial asset trading, including cryptocurrencies and forex trading. According to the site, the team comprised talented traders with years of experience. Plus-Profits claimed to offer a range of services, from financial asset management to trading of digital assets. They promised steady, risk-free long-term gains primarily through mining and trading cryptocurrencies. An investment package with a minimum investment of $ 5,000 promised a 30% return in just 5 days. The company claimed to be based in Cameroon.

The main red flag is promising a 30% return within a short period of 5 days, a bold claim. In the volatile world of financial trading, especially cryptocurrency and forex, the term “risk-free” is rarely applicable.

KeyCentralBPLC.com

Finally, Key Central Bank PLC (KeyCentralBPLC.com) presents itself as a full-service financial institution catering to different kinds of banking needs, be it individual savings accounts, term deposit accounts, or partnership accounts tailored for small businesses.

The bank provides financial services and advisory support. It offers a financial inclusion product called “EazySave Premium Account” for those with minimal identification documents. The bank has branches on seven continents and claims to be headquartered in the United States.

They hold an SRO license, which they claim assures potential customers of receiving “independent financial advice.”

The team comprises different roles, including a CEO, a manager, a CTO, and an accountant.

Contact details include an email address (lloyd.metz@goyette.com) and a phone number (209.332.8793).

KeyCentralBPLC.com Red Flags

Despite the promising offerings, several red flags invite skepticism:

1. Generic and Vague Content: The bank’s description of services is rather vague and filled with platitudes like “We believe in you,” without delving into specifics about their services, interest rates, or other metrics that could substantiate their claims.
2. Credibility of License: While the bank states it holds an SRO license, it doesn’t elaborate on what SRO refers to or offer any way to verify this claim.
3. Track Record: No specific mention is made about the bank’s history, past performance, or client testimonials. ‘Happy Clients’ and ‘Projects’ are mentioned as numbers without context.
4. Address Issues: The address provided, “Voluptatem autem deleniti cumque repellat dolore hic qui aperiam,” seems more like a placeholder text than an actual address, raising questions about the institution’s legitimacy.
5. Staff Names: The name “Walter White” particularly stands out, being identical to a character from a popular TV show, which could either be a genuine coincidence or an attempt to appear more intriguing than they are.
6. Contact Information: The email address has a different domain (goyette.com) than the bank itself, raising questions about its legitimacy.
7. Incomplete Website Sections: The information provided feels incomplete; for instance, the “Core Values” section does not elaborate on these values, but instead repeats phrases used earlier.

Michael Agala

Who is this Michael Agala with so many suspicious websites? We know he is probably from Nigeria and must work in the IT industry, probably in web development.

A quick LinkedIn search reveals a person who fits these criteria.

Michael Agala is a web developer, network administrator, and graphic designer based in Nigeria. He is currently employed at Agamel Technologies and has experience spanning over 6 years. His expertise lies in data analysis, project planning, and implementation. Michael also has skills in data management, computer system troubleshooting, and hardware repairs. He is proficient in using Microsoft Office Suite and designing websites using content management systems like WordPress and Joomla.

In his professional journey, Michael has also worked as an IT Executive and ICT Assistant at Maayoit Healthcare Limited, where he was involved in tasks like computer hardware maintenance, LAN troubleshooting, and social media campaign management. During his internships, he gained experience in web design and computer maintenance.

He holds a Bachelor of Engineering in Communications Engineering from the Federal University of Technology Owerri. He has participated in activities like Multimedia Direction at the Redeemed Christian Fellowship during his time in college.

Michael is certified in Agile methodologies by IBM and has endorsements in skills like project management and team leadership. He is also involved in volunteer activities, particularly serving as the President of the MFM Corpers Fellowship in Kwara State. His interests span multiple sectors, including children, education, health, human rights, and science and technology.

He is proficient in English and is associated with professional organizations like IEEE. Overall, Michael Agala appears to be a well-rounded professional with strong web development, data management, and project implementation skills.

Note that we have no proof that this specific Michael Agala is the person behind the Pythagon Expert Option scam and other fraudulent sites.

PythagonExpertOption Review Conclusion

Our exhaustive review of PythagonExpertOption and its related entities exposes a complex web of inconsistencies, contradictions, and red flags. From the use of generic and seemingly fictitious names to unverifiable addresses and alarmingly low trust scores, the platform raises more questions than it answers. Even reviews and testimonials, often the go-to for assessing reliability, paint a gloomy picture of potential scam activities and financial losses.

Moreover, the associated web of websites and the elusive Michael Agala add another layer of complexity. Agala, although possessing a seemingly legitimate LinkedIn profile with credible skill sets, is a common denominator in the registration of multiple suspicious websites. His connection to these platforms is as opaque as the operations of the platforms themselves.

Bottom Line

Our findings strongly suggest that PythagonExpertOption, along with its related sites, is at best high-risk and at worst a scam. Promises of ‘risk-free’ investments and high returns are classic tactics to lure the unwary, but the devil is in the details—or in this case, the lack thereof. While the allure of quick profits might be tempting, our advice would be to exercise extreme caution. Cliché as it may sound, if it looks too good to be true, it probably is. Therefore, our conclusive recommendation is to steer clear of PythagonExpertOption and its associated platforms to protect your financial well-being.

If you are a victim of online scams, please let us know by commenting below, and if you have lost a significant amount of money, do not lose hope. We can help you recover your funds!