Ormeus Global Prelaunch Review: 160% ROI “B2x89” trading bot
Ormeus Global recently went into prelaunch so specific details about the company, its business model and compensation plan are sketchy.
When Ormeus Global intends to launch and whether or not they’ll disclose basic information about the company is unclear, however at this time they are taking sign ups.
That means it’s time for an Ormeus Global prelaunch review…
The Company
Ormeus Global provide no information on their website about who owns or runs the business.
The Ormeus Global website domain (“ormeusglobal.com”) was privately registered on February 24th, 2017.
At the top of the Ormeus Global website is a “login” button, which redirects visitors to the “ormeusbackoffice.com” domain.
The Ormeus Backoffice domain was registered on April 10th, 2017. Joseph Frazier of o ApogeeInvent is listed as the owner.
ApogeeInvent appear to be a web design company. The company website asks visitors to ‘think of us as your fairly priced, well respected, web tailor.‘
Joseph Frazier is CEO of ApogeeInvent.
On the ApogeeInvent website, website design, web development, SEO and “viral video production” services are advertised.
Update 12th September 2017 – Joseph Frazier has been in touch and advises;
ApogeeInvent’s and Joseph Frazier’s only involvement with Ormeus is we sold them a copy of our TitanMLM software platform and bought them a domain name.
We do not have any further information about them. We are purely a software vendor.
/end update
The Ormeus Backoffice website is currently nothing more than a login page for affiliates.
The source-code for the website however reveals an email address that uses the “ormeus.com” domain:
The Ormeus domain was registered on February 24th, the same date as the Ormeus Global domain. The company “iAM Marketing” is listed as the owner, through an email address belonging to Anthony Simmons.
The iAM Marketing website identifies Simmons as the company’s “Systems Administrator”.
iAm Marketing are a marketing company that provide, among other things, “compensation plan development”, “white label cryptocurrency” and product sourcing, marketing and shipping services.
iAM Marketing is headed up by founder John Barksdale. According to his Facebook profile, Barksdale is based out of Thailand.
So far we have a web design company and marketing firm tied to Ormeus Global, but no information about who is actually running the company.
If you click “login” and then “forgot your password?” on the Ormeus Backoffice website, the source-code of the page that loads reveals the following information:
What we learn from that is the Ormeus Global website is being hosted with ApogeeInvent, but more importantly the account is in the name of iAM Marketing.
This is not how a marketing company would typically set up a client hosting account, even if they were offering an “all in one box” solution.
Rather it strongly suggests that iAM Marketing and Barksdale are directly involved in the running of Ormeus Global.
Pending further information surfacing, this is all I was able to put together on Ormeus Global at this time.
Ormeus Global Products
Whether Ormeus Global has a retail offering is unclear.
The company website mentions an “accredited cryptocurrency education” course branded as InnerQuest, Ormeus Coin cryptocurrency and Ormeus Qi.
ORMEUS QI – ENERGETIC WELLNESS PRODUCTS
-State-of-the-Art Formulations
-Similar to those used by top Olympic athletes.
-Pain management, appetite control, sleep issues, and more.
At the time of publication no further information is provided.
The Ormeus Global Compensation Plan
Ormeus Global affiliates invest money on the promise of a 160% passive ROI, purportedly derived from “trading”.
B2x89, our proprietary “bot trader”, employs sophisticated algorithmic trading strategies and offers up to a 160% return in a completely automated, hands off environment. Set it and forget it!
Ormeus Master Trader deposits Bitcoin into a secure account that actually mirrors the trades of a top professional Forex Trader. You are in complete control of your account.
Deposit as much or as little as fits your budget while our professional trader does the rest. Just sit back, watch, and let the pros do it for you.
This might just be a coincidence but John Barksdale’s Facebook wall is heavy with cryptocurrency content.
On the MLM side of things Ormeus Global are using a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
Ormeus Global’s use of a binary compensation structure will see the company track invested funds on both sides of the binary team. Affiliates are paid a residual commission as a percentage of funds invested by their binary team.
Ormeus Global haven’t revealed whether they intend to pay a percentage of weaker side binary volume or matched volume at this time.
Joining Ormeus Global
Ormeus Global currently charging anything for affiliates to signups. This might change when the company launches.
Despite not costing anything to sign up, affiliate’s should be advised that an investment is required to receive a 160% ROI. Payment of some sort will also likely be required to qualify for residual MLM commissions.
Conclusion
Your first major red flag that Ormeus Global are engaged in suspicious business activity is the following line from their website:
Ormeus is not available in the United States.
Cryptocurrency, cryptocurrency trading, cryptocurrency education courses and “wellness products” are all legal in the US. The only reason an MLM company offering these services and products would prohibit US residents from signing up is if all is not what it seems.
The obvious drawcard in Ormeus Global is the 160% passive ROI. This is also likely why Ormeus Global prohibits US residents from signing up as affiliates.
Such an offering in the US would require SEC registration, as it is quite obviously a securities offering. Despite the same registrations required elsewhere in the world (typically where a securities regulator exists in any country investment is solicited in), it’s no secret the US is strictest on regulation of Ponzi fraud.
Ormeus Global’s B2x89 trading bot is presented as some sort of wonder machine that can consistently generate 160% ROIs. Owing to residual commissions, the actual ROI the bot needs to generate is actually higher.
160% or otherwise however, Ormeus Global’s claims about B2x89 don’t pass the Ponzi logic test.
If whoever is running Ormeus Global actually had a completely passive crypto trading bot that generated consistent ROIs of 160% or more, within a timeframe that was attractive enough to attach to an income opportunity, don’t you think they’d be quietly running it for themselves?
Offering use of the bot to randoms over the internet to generate ROI liabilities you have to pay out, on top of pyramid recruitment commissions, makes no sense.
While B2x89 might exist and perform some trading, any gains are likely to be dwarfed by affiliate investment. The use of newly invested funds to pay off existing affiliates a 160% ROI would make Ormeus Global a Ponzi scheme.
And this is likely why the company is not (officially) operating in the US.
If Ormeus QI is available as a retail offering, it too might generate some revenue – but given the 160% ROI is the drawcard, again affiliate investment is going to be the primary source of revenue.
Not withstanding, at the end of the day whatever you attach to a Ponzi scheme is irrelevant. The use of newly invested funds to pay a passive ROI to existing investors is financial fraud.
With respect to the Ormeus Coin offering, these are either non-publicly tradeable Ponzi points or a pump and dump altcoin.
If not publicly tradeable, the value of Ormeus Coin will be set by the company and worthless outside of the company. If pre-mined (MLM altcoins usually are), Ormeus Coin would also provide the company a near cost-less way to pay out all or a portion of ROI payments and commissions.
If Ormeus Coin is publicly tradeable, once Ormeus Global affiliate investment inevitably slows down the value of Ormeus Coin will tank.
Either way it exists for no other reason that to mitigate some of the 160% liability each affiliate investment generates.
At the end of the day whoever is running Ormeus Global has gone to a lot of trouble to avoid disclosing they’re behind it. That the company isn’t operating in the US is conducive to financial fraud, which there’s a lot of potential for in Ormeus Global’s compensation plan.
For now the company is only harvesting email addresses under the proviso of accepting affiliate “pre-enrollment”. At some point though you’re going to have to cough up money,
As far as disclosure for an MLM company asking for money goes, Ormeus Global currently leaves a lot to be desired.
For anyone who wants to know more about John Barksdale… Looks like he is affiliated with Wowe Coin.
scribd.com/doc/292599574/WOWeCoin-Ppt-Finale
Wowecoin is listed on coinmarketcap.com moron. Real coin!
Review updated with clarification from Joseph Frazier.
I find it interesting that web vendors who do registration for their clients don’t actually put the website owners on the domain info, and put themselves only as tech contact. Are they afraid they’ll lose the domain if they don’t get paid or something?
Could be an insurance policy. The vendor sells a package, sets up a staging website for client approval and only hands over details once payment has cleared.
Although you’d think that would take place before a company’s prelaunch. Maybe there was an ongoing maintenance agreement.
Odd that Frazier claims he doesn’t know who ApogeeInvent’s clients are. He must have had a point of contact…
Beware, this company started allowing distributors to fund packages in June and has yet to provide any of the products or services they advertise.
They are supposedly paying commissions on these packages already but no confirmation of anyone who has joined actually getting the commission payment.
A company that takes payment for packages but doesn’t provide any product or service for over 3 months????
DO NOT do business with this company.
Their coin is on the market and with a couple of exchanges:
coinmarketcap.com/currencies/ormeus-coin/
The trading will be launching v shortly. Most probably by end of november. With the forex you have to open account with fxchoice. Dont know about the crypto trading yet
The WoweCoin is doing really great apparently today there was a whole 325$ volume done. Another empty box used by a Ponzi company to try to give it some credibility. When you know that most scammers from OctaCoin – NancoCoin moved into this deal, you should know enough. These guys are involved only in dubious programs because many also moved to Questra, SkyWay, FiveWinds etc. It’s about time they stop some of these big ones and not just only concentrate on Onecoin. Ormeus has now already half million people linked to them by social media, can you imagine.
Ok so i’m still researching this and thanks for your above review…it appears the people who supposedly make up the team at Ormeus Global are now published on the site; ormeusglobal.com/team/
Are you able to provide any insight into the backgrounds of these individuals, please? I saw from another review of Ormeus Global that some of the team have previous connections with Gladia Coin….is this true?
Any further advice and perspective you can provide is appreciated. Thanking you in advance.
Rick Fleshman is from Amega Global.
Amega Global marketed magical wands, primarily to gullible people in Asia. Comp plan was very pyramid recruitment orientated.
Dunno about the Gladia Coin connection.
like len clements as can be seen on international skeptics forum for a great laugh.
The scam artists at Ormeus Coin and Wowe Coin are both using fraud and bots to illegally rip people off. They both buy and sell millions of their own worthless coins back and forth to their own exchange accounts to raise the price and volume and give the illusion that the coins are trading in high volume and that the price is rising.
In reality all that’s happening is that they are buying and selling to their own accounts they control so the only loss is the commission fee. They do this with millions of their own coins (the coins cost them nothing) back and forth continually artificially raising the price and volume.
When people notice the massive fake volume and continual price climb as in 400% in 48 hours with OrmeusCoin they jump on board paying high prices for a fake traded coin.
The problem is people will hold the coins on a smooth sail up so Ormeus and Wowe use shakeup bots that dump coins price at about 20% under value to cause panic selling and buying then they make fake trades and raise the price back up.
This causes a price crash and massive selling and then buying.
Before this even starts Ormeus and Wowe put out hundreds of sell orders that cover every price range and they pre do this on every exchange.
On my images you can see the endless 100, 1000 and 29.49780097 seller orders spread all over the exchanges they use at every price point. This is a huge pump and dump but the pumping is done with fake trades and fake volumes.
With Wowe coin they didn’t have it the scam bots as refined and tuned. You could easily see the endless pump and dump attacks when you zoomed in.
They look like a Square tooth wave form on both the Volume and trade price. See Images:
ibb.co/dZDoF6
ibb.co/mRfqTR
ibb.co/b1R8F6
ibb.co/kb18F6
They are doing this again with Ormeus Coin but they managed to smooth out and cover up the Square tooth wave form now.
I watched the price drop 20% instantly several times now with Ormeus Coin when the bot did a instant 20% price drop sell for no logical reason. I hope someone reads this and prosecutes these felons.
Another one scam – they doesn’t has any contracts with Bitfury.
ormeus coin mining the bitcoin with their rigs.. is it correct it performs really….. or managing through pump and dump scheems ….
What rigs? Do you have evidence of Ormeus Global using rigs to generate external revenue and then using that revenue to pay affiliates?
This is info on the site about the Ormeus location: youtu.be/5CeVVLZxwuU
Americans running scams out of Hong Kong, lulz.
That office was really “state of the art” back in 2001.
This is a funny… youtube.com/watch?v=I8hiCT-TreE
The woman on the right is Anna Hemmingsson. She has been involved in EMGoldex/Global Intergold, all of the Octacoin/Octapartner –>Nanocoin-shit and now entered/forced into Ormeus.
Also XL-coin is being into ormeus coin, nano, octa, xl coin all old Ponzi schemes companies is going into ormeus now and leave alla members over to ormeus.
What a bunch of jokers – they al stole millions in Sweden/Belgium.
people should report these guy’s – nano is a 100% failed project. the money is gone!
Bob Steed – had Trivani mlm scam – now showing mining machines: share-your-photo.com/b2cbfd37c6
failed nano reps – use Ormeus as a decoy to distract their old nano team and use Ormeus as their exit strategy.
Joseph Tran – Swedish old emgoldex/nano/888 scammer: share-your-photo.com/417db8cd71
pieter van de vyver – Belgium nano/888 scammer: share-your-photo.com/c6a209049d
Ormeus Global, which accepted the fraudsters from the Nanoclub, changed its name.
THIS IS USI TECH 2.0
Almost all the heavy hitting MLM players have jumped off the USI TECH bandwagon and now onto Ormeus/IQ Chain – including Mike Kiefer who was one of the Founders of USI Tech.
Ormeus have had a name change to IQ Chain – to throw people off all this bad publicity.
It is owned by John Barksdale and is a HARD HITTING MLM program which has a range of so-called products – most of which are “still coming”.
The so-called auto BOT costs $1500 licence fee ANNUALLY so good luck making enough to even cover the annual cost of the licence.
I have heard some pretty hard sale pitch webinars from the big MLM players in this and it makes my skin crawl. You get 2, then help them get two blah blah blah.
Nowhere THAT I CAN SEE in the business model or range of crappy products on offer can you make genuine passive cashflow without dragging in all your family and friends to this ponzi scheme and make money off them by being paid a referral commission in a binary MLM compensation plan.
They pulled out of USA as Mike Kiefer knew what happened to USI TECH and they wanted to cut ties there ASAP before they had the same fate.
MY WARNING TO ANYONE CONSIDERING ORMEUS/IQ Chain – DO YOUR DUE DILIGENCE AND RESEARCH WHAT HAPPENED TO USI TECH AND EXPECT THE SAME OUTCOME.
Thank you ED for your comment and all the other guys.
Unfortunately, being a newbie in the cryptoworld, I bought a package of Ormeus.
I’ve been trying to get my coins out, current price is 50% of the price I bought them for, but they tell me there are “technical issues”.
I just went to a live webinar, which was not live as they mentioned today as being June 3rd.
More salespitching: don’t sell, HODL and basically an incest program.
The speaker was Yves Van de Vyver…
The free coins we were given have now disappeared from the backoffice, but they say it’s because they have sold out.
Of course they tell not to sell but to hold and wait for intrest coins.
Yes, it’s a scam.
After reading through these comments, I wanted to say that most comments/accusations/claims here are based on Limited, Incomplete and Inaccurate information.
Which is why you diligently took the time to correct and provide “corrected” information.
Oh wait…
Just another “alternative reality” Ponzi scammer living in lala land.
ATTENTION Everyone:
After reading the comments and accusations on this page, I wanted to mentioned a few things:
(Ozedit: unsubstantiated derail attempts removed)
2. As a member of IQ Chain since 6 months ago, I can tell I have been paid commissions EVERY WEEK without fail. I was also paid out in FULL my mining contract! Myself and my team have NEVER had an issue with being paid.
3. IQ Chain is going strong financially, and Ormeus Coin are going strong financially from Mining, they are now the largest privately owned crypto mining farm in the world and on track to get into the top 10 miners in general by end 2018.
4. IQ Chain do provide a service, so false claims against that are not true.
5. Ponzi scheme accusations are also untrue! They are unethical and illegal. These schemes occur where they only rely on new money being generated by new people buying into or joining the scheme.
IQ Chain make profit as an SAAS model. (Software As A Service) They provide an exciting Inner Quest learning platform, health products, hardware applications, a software program for automatic cryptocurrency trading, and profits from our powerful and growing cryptocurrency mining operations.
Also, in illegal Ponzi Schemes, only the people at the top make money, yet in IQ Chain, the business system is structured in a way that a person under others can make more commission than someone above them.
6. IQ Chain has NO relation with USI Tech, none whatsoever, the co-founders and owners of IQ Chain have never had anything to do with USI.
7. Claims that IQ Chain have willfully and purposely stolen millions from innocent people is based on false accusations!
(Ozedit: Derail attempts removed)
8. The Crypto bot has been paid out IN FULL to ALL members, so all accusations that the company used a bot to steal money and not pay it back are also based on FALSE accusations!
Seriously, if everyone in the world listened to false accusers who seem to want to go around making false accusations and discredit honest hard working people, then everyone in the world would be broke and never invest into anything!
And you will until newly invested funds run out, ie. there’s nobody left to scam from. That’s how a Ponzi scheme works.
Prove it with third-party audited accounting, not Facebook marketing “facts”.
I suppose if you want to argue the point then yes, a Ponzi investment scheme can be considered a service.
Yup. And what you just described is Ormeus Global’s business model.
Providing services to investors doesn’t generate external revenue. The only verifiable source of revenue entering Ormeus Global is new investment.
False.
That’s nice. USI-Tech isn’t mentioned in the review.
Stealing money from people in a Ponzi scheme isn’t “hard work”. It’s theft.
Own your thievery and stop making excuses for scammers.
Oz, there is money that generated from Mining, even if no new people come into it, it will still move forward.
The onus of proof is on YOU, you are the ones making accusations.
Suffice to say, that’s all I need to say, I wrote the post for all new people looking into IQ and ORME, not to try to convince those who are already convinced of their ways.
All the best 🙂
Prove it, with third-party audited accounting.
No it isn’t. You and your Ponzi scheme are making claims of revenue, you and your Ponzi scheme need to prove your claims with facts.
All I’m doing is pointing out the only verifiable source of revenue entering Ormeus Global and IQ Chain is new investment. Using newly invested funds to pay off existing investors makes Ormeus Global and IQ Chain a Ponzi scheme.
Thank you for confirming you’re full of shit then. Could have saved us both some time if you just opened with that.
And if you wish to discuss “the banks”, the ebil gubmint, bitcoin or anything else that has nothing to do with Oremus Global and IQ Chain, do it elsewhere.
The Whitepaper has been read, approved and given a stamp of authority by James Edward McDonald, Barrister-at-Law, a well known Law firm. They state that the Whitepaper gives a CONTRACT of steps to fulfill that project.
The mining farm has already gone through a legal audit, so your comments show me that you are uneducated in this company, yet still go around making up accusations.
All the best everyone, and it’s good for you all to read 2 sides to the story.
🙂
(Ozedit: derail attempts removed)
And the ORV is open for the public now, very transparent.
All the best 🙂
The whitepaper is a made-up document authored by Ponzi scammers. Anyone can create a PDF file.
A Ponzi scheme’s whitepaper is not a substitue for a third-party audited accounting report proving external revenue.
Let’s face it, if Ormeus Global and IQ Chain actually generated external revenue they’d have no problem providing proof.
Instead we have you crapping on about lawyers and whitepapers. And what is a mining farm audit?
Uh yup, there’s some computery looking parts with flashing lights in a warehouse. Audit complete.
Nobody gives a fuck. Front up with proof or return to scamming from the shadows.
ORME is down to 60 cents from a $5 initial pump. ORV are just reload scam points script to cover ORME’s collapse to zero.
If ORV is ever publicly traded, expect your madeup $100s of dollar value to also promptly crash to $0.
Anyone can launch a crypto token these days…
One of my dogs launched an altcoin last week in an effort to increase his evening meal through the blockchain. I was not amused.
Sorry for your loss.
5-6 years ago, Bitcoin went down to $2 from an initial pump to $32, so what’s your point? 🙂
My point is Ponzi schemes converting Ponzi points into a cryptocurrency with an altcoin script are a dime a dozen these days.
Doesn’t justify Ponzi fraud or negate it. You brought ORV up.
Bitcoin isn’t an MLM Ponzi scheme. What it did or didn’t do is irrelevant.
(Ozedit: Unsubstantiated claims regarding external revenue and offtopic derail attempts regarding banks and bitcoin removed)
Proof or GTFO. All the best etc.
FYI – Flemish webinar – to fool old nano people into Ormeus
Pieter Van De vyver – is under investigation of the Belgium federal Police
NOLINK:vimeo.com/298852599 – enjoy this recorded webinar
Pieter Van De vyver Photo – watch out for this criminal
NOLINK:share-your-photo.com/beb8c7de89
if you understand this language, see how they entice people into the next scam, to keep their stolen funds/earnings.
only 12x Top Leaders made money in Nano and 1x billon euro lost in Belgium by 120.000 sheep. and the Top walks around with Bodyguards now.
Scumbagscammer Joseph Tran is in police custodie, facing criminal charges for money laundering and accounting fraud.
vk.se/2685088/nanoclubs-huvudman-riskerar-fangelse
Thanks for the heads up!
Tran to jail! vk.se/plus/2766523/nanoclub-ledare-doms-till-fangelse