Scam Name: ArasGroups

Calculated Amount Lost: $33,585 USD
Scam URL: arasgroups.com

Victim Description:
The victim encountered an investment scam on arasgroups.com, where they were manipulated into investing $33,585 in what appeared to be a legitimate cryptocurrency trading or investment opportunity. After initial deposits, the victim experienced difficulty accessing or withdrawing funds, and eventually discovered that they had been scammed.

Scam Tactics:
Fake Investment Platform:
The scam begins with the victim being introduced to arasgroups.com, which presents itself as an investment platform. The website likely promotes high returns on investments, targeting individuals looking to make money through cryptocurrency.
Initial Success and Trust Building:
After depositing a certain amount, the victim may be shown “profits” or “returns” that seem to validate the investment opportunity. This is a common tactic to build trust and convince the victim to invest more money.
Withdrawal Issues:
Once the victim seeks to withdraw their funds, they are met with various excuses, such as requests for additional information, processing fees, or taxes, which prevent the victim from accessing their funds. At this stage, the scammer typically disappears or becomes unresponsive.
Multiple Cryptocurrency Addresses Used:
The scammers utilized a variety of cryptocurrency addresses to receive the victim’s funds, making it harder to trace the money or track the scammers.
Cryptocurrency Addresses Involved:
The following cryptocurrency addresses were used to receive the victim’s funds:

• bc1q4cfxjg7z3lhtmh82fsm6f0rwvcvdzf65svrf5u
• bc1qjumew7766yjwa3atx04h4v7xm06nkjrea7su8e
• 1EniVHPv61ULPdXWwmao1itaBP8AjoSKq2
• 1xpE2Lcjp251BpUwoM1h2BBisKJX7NZEZ
• 16wid847Po2UtwZq4HRSzxtRcq4n8XAcJ7
• 13MajEqKjPNxQuzwKY5knRUh2YbWGSNU86

Tracking these addresses on a blockchain explorer may help identify patterns or connections with other scams or fraudsters.

Domain Information:
The website arasgroups.com was registered with Realtime Register B.V., a registrar commonly used by fraudulent websites. The domain registration is relatively new, having been created on May 26, 2024, and will expire on May 26, 2025. The site is still active, and the scam likely continues to operate.

Domain: arasgroups.com
Registrar: Realtime Register B.V.
Registered On: May 26, 2024
Expires On: May 26, 2025
Updated On: July 26, 2024
Status: ok
Name Servers:a.share-dns.com
b.share-dns.net
Scam Overview:
The victim fell for an investment scam on arasgroups.com, losing $33,585 through cryptocurrency transactions. The scammers used fake promises of high returns on cryptocurrency investments to lure the victim into depositing funds. Once the victim attempted to withdraw, they were met with various barriers, likely designed to prevent them from recovering their funds.

Recommendations:
Report the Scam:
The victim should immediately report the scam to local law enforcement, the Federal Trade Commission (FTC), and the Internet Crime Complaint Center (IC3). This could help authorities investigate and prevent further scams.
Track Blockchain Transactions:
The victim should use a blockchain explorer to track the cryptocurrency addresses involved. This might provide more insights into the scam’s operations or link the addresses to other fraudulent activities.
Contact Financial Institutions:
The victim should reach out to their bank, cryptocurrency exchanges, or any other involved financial institutions to report the fraudulent transactions and attempt to freeze the involved accounts if possible.
Consult Legal Counsel:
Given the substantial amount of money lost, the victim should consult with a lawyer specializing in cryptocurrency fraud. They may help in pursuing legal avenues for potential recovery or damage control.
Stop Communication with the Scammer:
The victim should sever all communication with the scammer and avoid sending any further money. Blocking the scammer and ceasing contact will prevent further manipulation.
Share the Experience:
The victim should share their story on websites like Scamwatch, Trustpilot, or Reddit to warn others about arasgroups.com and its fraudulent activities. Raising awareness can help prevent further victims from falling for the same scam.
Monitor for Suspicious Activity:
The victim should keep an eye on their bank accounts, cryptocurrency wallets, and any other financial instruments for signs of unauthorized transactions.

Conclusion:
The arasgroups.com investment scam targeted the victim with promises of high returns on cryptocurrency investments, leading to a $33,585 loss. The scammer employed typical tactics of building trust, followed by obstacles to prevent withdrawals. The victim should report the scam, track the cryptocurrency addresses involved, and consult legal professionals to potentially recover funds. Further, the victim should be cautious about any future communications from the scammers.