Profitable Sunrise Reload Scam “Biwako Bank Limited” Is Gone Essay Example

After the well-known HYIP Ponzi scam "Profitable Sunrise" collapsed, several reload scams emerged targeting Profitable Sunrise investors. These schemes were either endorsed by former Profitable Sunrise promoters or promised to assist victims in recovering their lost funds. One of these schemes was called "Biwako Bank Limited," and it was promoted by former Profitable Sunrise promoters.

Previously, this scheme was in operation, but now it has vanished. This disappearance has put many individuals associated with it at a disadvantage. Biwako Bank Limited portrayed itself as a genuine bank and had an impressively professional online presence. However, it was merely a copy of the website belonging to an authentic bank that was acquired by another financial institution several years back. The Ponzi scheme exploited the actual bank's name, details, and documents along with certain listings on the U.S. Securiti