Note that this MoneyGuru review is about a scam site, moneyguru.co, not to be confused with moneyguru.com which is a legitimate and useful loan-lender comparison site. Obviously intended to confuse users, not only is it deceiving the public but it's harming the reputation of the real business. Today my moneyguru.co review will explain why you should stay away from this scam site to protect your personal identity. Read on.
Data harvesting scam
MoneyGuru, BV, PTY. (fake company name)
Free to join
What Is MoneyGuru.co?
MoneyGuru.co is a data harvesting scam. It works in partnership with fake advertising agencies who offer fake gifts and prize competitions in exchange for completing "tasks". Your "task" is to answer a few silly questions such as "Do you like to shop online?" and to install some random apps on your phone. But to complete each task, you're required to submit your full personal detail - full name, email address, street address, date of birth, phone number...all of which will be sold to third-party spammers.
The gifts are fake, you'll never receive any of them. Instead, you will start receiving unsolicited emails, sales texts and cold-calls from companies that you've never heard of.
MoneyGuru's aim is to get as many people to submit their personal data, so that the scammer can receive commissions from those illegitimate advertising agencies. So it falsely offers an unusually high value of cash such as;
- $10 just for signing up.
- $5 each time you complete a "task".
- $5 for each friend/follower that you refer to.
- $10 for posting your referral link on social media (Twitter, Instagram, Facebook, YouTube or TikTok.)
Your MoneyGuru account balance will certainly increase each time you complete one of these, but you'll never be able to cash it. When you actually send a withdrawal request, it will reply to say you're not eligible. Shortly after that, your MoneyGuru account will be abruptly canceled. You'll no longer have access, and that'll be the end of it.
Basically, everything that's being said in MoneyGuru.co site is untrue. You'll never get paid a single dime from it, and you'll potentially risk exposing your personal data to fraudsters instead.
Serial Scammer, Fake Testimonial
MoneyGuru is actually a copy site of GoEarn.co - as you can see, the exact photo of the man who claims to have made a lot of money with MoneyGuru also appears on GoEarn.co. This is just a stock photo used by many other sites. The man's name is not "Matthew Young" like it's claimed, he's just a stock photo model.
If you check "GoEarn.co" on social media, you'll find quite a few complaints from the users, and GoEarn is, in turn, a copy site of other similar scam sites such as FameCash, InfluencersEarn, CashGem, Paid2Share...and so on. So this proves that MoneyGuru has been created for exactly the same intention by the same scammer.
Is This The Scammer?
The owner of MoneyGuru.co is unknown, but the man who appears in the video on the homepage is either partly or wholly responsible, for telling users that he's earned over $7k with this site and giving instructions. The same video clip can be found on multiple YouTube channels, which means either the same person or a syndicate has been uploading this video multiple times in an effort to maximize the exposure to YouTube viewers.
Just to be clear (in case you're still confused), the amount of over $7,700 showing on the screen means that he only earned it within the MoneyGuru site. But it's not real money, he can never actually have it in cash.
If this man is the scammer himself, he'll be damned. But if he's just a user, he should be ashamed of himself for publicly recommending a scam.
So Why Do Some People Say They've Made Money?
As I explained earlier, you can "earn" as much as you want within your MoneyGuru account, but you can never withdraw a penny out of it. If this man is not the scammer himself but just a user, he "believed" he had earned over $7k at the time of recording the video, and was trying to refer MoneyGuru to as many people to earn even more money.
You may see some others (mostly teenage kids) promote MoneyGuru for the same reason - they may say "I got paid today!" just to get referrals but they don't know the fact that they won't be able to actually cash any of it.
Fake "Task Wall"
Think about it this way, then you'll understand why these tasks are fake. Why would anyone pay cash and fairly big rewards like gift cards and game software to some random users (=you) for answering silly questions and submitting personal detail?
These rewards are valuable, and companies may give out valuable stuff for free sometimes - only if they consider it beneficial to them in the long run, right? They give out free stuff to their regular customers out of goodwill, as a way of 'thank-you', so that the customers will spend more money on their products in the future. Nobody would waste their money by giving out stuff to random internet users. That would be unethical!
Review Wall - Malicious Attempt!
"Review Wall" section is there in a malicious, gloomy attempt to deceive new users. 4 x review sites are listed, they're all named "Scam Alert Blog", "Fraud Observer Blog", and so on as if they are some kind of watchdog sites. All of the 4 blogs basically say, "Our site is about spotting various online scams, but after our investigation, we can confirm that MoneyGuru is legit." They've obviously been written by an insider, using fake names.
$1 will be awarded to your account each time you visit one of the sites, stay on the page for at least 5 minutes, and leave a comment.
The scammer is trying to get these sites ranked on Google by getting people to visit for more than a few minutes. Nice try, but the Google algorithm doesn't quite work like that.
Anyway, if you visit one of these pages, $1 will indeed be added to your MoneyGuru account, which again, will not be real money. You won't be able to cash it.
Risk of Identity Theft
If you think, yeah, I wouldn't mind being bombarded with spam emails, I don't check them anyway... You might also want to keep the worst-case scenario in mind. Because I can tell you that the personal data that spammers passing around is not security-protected. (I saw a few sets of database going around when I was involved with a solo ad business.) You never know who's hand your information will end up with; fraudsters, hackers can use it to access your bank account or borrow a large sum of money in your name, if worse comes to worst. Let's hope that kind of thing won't happen to you from this particular scam site. But this is how identity theft starts. So keep it in mind, stay away from MoneyGuru scam!
The Fake Sponsorship Information
On the homepage, MoneyGuru claims to be sponsored by some major brands, including Amazon, Epic Games, Burger King, etc. It just simply says, "Their support helps make it possible to accomplish all that we do" but it doesn't anything further. Sponsorship is not a charity donation, there should be a mutually beneficial business transaction between MoneyGuru and each of these brands. With no valid explanation, it's clear that the information is fake and the scammer has used the brand logos to make the site look credible.
Talking about sponsorship - some legal information is displayed underneath the MoneyGuru's address on the homepage; VAT number and the Dutch "Chamber of Commerce" registration number. Very stupid thing to do for two reasons;
- Each of these numbers is unique and easily identifiable by searching, and
- It makes no sense that a company shows these registration numbers on the website without describing the real nature of the business (what kind of value it provides to its customers.)
Anyway, I googled the numbers and found out that MoneyGuru had simply copied information from "The Next Web" site, run by a tech media company, pretending as if its own.
However, on its terms & conditions page (https://moneyguru.co/terms), the company name claims to be "MoneyGuru BV, PTY" which cannot be right. It claims to have an office in Melbourne, Australia, but the address is incomplete, and such a company cannot be found in the Australian company registration database (similar company names can be found but they're clearly unrelated.)
Payment Method - Delete Your Information Now!
Upon logging on to MoneyGuru for the first time, you'll be prompted to enter your preferred payment method (how you want to receive your money) - it claims to pay you either via PayPal, CashApp, Venmo, by Bitcoin or by mailed check.
The scammer's only doing this in an attempt to make it look real ("Get ready to receive your payment now!") As I've already explained, they'll never make any payments to you.
Although the site itself is encrypted, you'll never know how the owner of MoneyGuru or anyone can access your saved information, so if you've entered your information already, I suggest that you should log back in and delete it (or replace it with fake address instead) now.
Now The Reality - Have You Actually "Earned" Money?
I hope you understand by now that any money that you may have "earned" with MoneyGuru.co cannot be cashed. No point wasting any more of your precious time with it, you'd better stop it all right now. Well, if you still don't believe me, you can keep trying, but you know the consequences - hundreds of previous users (if not thousands) tried to "withdraw cash" and miserably got blocked access to their account.
Now, here's the reality. What tasks have you done to deserve money? Installing an app, answering a silly survey question, or sharing a link on social media here & there is not a task. Even children can do these tasks, in fact, bots can do these tasks. Nobody pays that kind of money for barely a "task", you see what I mean?
4 Ways To Make Money Online
If you want to seriously start making money but have yet to decide what you should be doing... The first thing you can do is to check the following 4 options and eliminate what you don't want to do - it should be easy for you to decide and you can start forming your ideas.
Option 1: Use Reward Programs
Use a reward program (or called "GPT - Get Paid To" sites), they look like MoneyGuru but legitimate, like Swagbucks and Clixsense. Anybody can do it, and the pay rates are so low. No one pays decent money for doing the job that anyone can do. All you do is clicking. Not using your brain. You'll spend a lot of unproductive hours just to earn a few cents.
Option 2: Work For Someone Else
You can find an employer online and work for them by using your skills. Data processing, virtual assistant, designing, developing, etc. The hardest part is to get someone to hire you. It works just the same as your local job search, if not harder - just like you don't trust anyone on the internet, no employer will trust you unless you can prove your skill them and convince them to hire you.
Option 3: Investments
Avoid any invitations from anyone online at all costs! People often message you to tell you how you can make good profits with Bitcoin, Forex and various other investment options. They're just trying to sell for a commission and, what they don't tell you that the risk of losing it all. You need to have good knowledge of a particular option and enough money with you before you start investing. And if you did have good knowledge, you wouldn't be reading this!
Option 4: Start Your Own Business
The only way to make decent money at your own pace is by starting your own business. To simply put, you will earn money because other people pay for it. You can sell your skills as a freelancer, and you can start your own drop-shipping (e-commerce) site which I personally think is hard to establish nowadays. What I recommend you do is to start affiliate marketing - to promote other peoples' products and receive a commission.
First, there are a few basic winning formulas that you need to learn. Then there are some different ways of promoting affiliate products. Some people sell shiny objects incognito, which works when it works (!) but that's not the way I recommend. You see, there are enough "good products" in this world. What I mean is that fewer people solely look for value for money and more people look for products that are recommended by someone trustworthy. You can be totally yourself and monetize your genuine passion by being a trustworthy affiliate marketer. If you want to know more about it, join me from the link below and see if this something you want to pursue. Good luck!