You may have heard of JuicyFields, the cannabis company that promised investors across Europe fat returns by investing in so-called Cannabis farms?
Well, we’ve got some news. JuicyFields has been exposed as the world’s largest cannabis scam to ever exist.
Side note: If you are a victim of this scam and would like to shed more light, please contact Scam Help.
Back in 2020 when the company launched in Germany, JuicyFields marketed itself as a company that would make investors rich. But it has failed to deliver on its promises. The company is now being investigatedI, and its founders are being trailed even as reports indicate they have already gone off the radar.
Believe it or not, they were promising to revolutionize the cannabis industry. But it turns out they were just a bunch of crooks, and they’re now facing lawsuits from investors all over the world.
What’s even worse is that they were able to fool so many people into investing in their company. They suckered people in with their fake promises, and now a lot of people are out of money.
It’s a shame, because there are so many legitimate cannabis companies out there that are actually doing good work. JuicyFields was just trying to take advantage of people, and they got caught.
Investors cant log in
If you’re an investor in JuicyFields, we have some bad news for you: you can no longer log into your customer account.
This all started back in mid-July, when we noticed that the website was down for maintenance. So many investors have been trying to reach out to the company, but they didn’t provide any updates or explanation. And to make matters worse, all the social media channels have been silent. Naturally, some digging started and it didn’t take long to realize that JuicyFields was a scam.
According to reports, the company has been using investor money to fund lavish vacations and parties, and it seems like management has just taken off with the cash.
They had no real cannabis plantations, and the executives were just duping innocent investors through flashy advertisements. One of the things they did was to mimic a Ponzi scheme, by using money already [aid by first investors to pay off a few of the new investors in order to generate trust from potential victims. This helped the company to build a strong image. They splashed campaigns across social media mostly via influencers, online adverts and even trade fairs.The potential damage could be anywhere between tens of millions and several billion euros.
JuicyFields had a large presence in the Spanish-speaking world, so this scam has hit particularly hard in that community. But it’s important to remember that no one is immune to online fraud.
Be vigilant about any investment opportunities that seem too good to be true, and always do your research before handing over your hard-earned cash.
How to share more details with Scam Help?
If you are one of the investors that were scammed by JuicyFields and would like to share more information to help other people learn what happened and avoid these kinds of scams, please contact Scam Help immediately. Let’s spread the techniques these scammers are to get away with people’s hard earned money.
