5 Billion Sales pyramid fraud warning from Russia
5 Billion Sales has received a pyramid scheme warning from Russia.
As per the Central Bank of Russia’s November 19th warning, 5 Billion Sales exhibits “signs of a pyramid scheme”.
BehindMLM reviewed 5 Billion Sales earlier this week. Based on its business model, we also concluded 5 Billion Sales was a pyramid scheme.
As best we can tell, the scammers behind 5 Billion Sales are building an email list. They also intend to hijack social media accounts.
At time of publication, Alexa rankings suggest 5 Billion Sales recruitment is primarily taking place in the US (15%), Russia (8%) and Mexico (8%).
5 Billion Sales represents it is being run out of the UK. This is unlikely.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
Absolute load of rubbish. £5 billion Sales is a genuine company. I am an affiliate and have been with the company for over a year.
Everything they have done has pointed them out to be a genuine company.
Which is scamspeak for “I stole money so it’s not a scam”.
5 Billion Sales is a pyramid scheme, making it a scam.
SimilarWeb tracks website traffic from 5.4 million visits in July to 870,000 in September.
Unless new victims are found fast, it’s over – which is why you’re here with the butthurt.
Sorry for your victim’s losses.
I joined this company since March 20022 and august 2022 was a due date for my earnings including from v-bonus and my referrals, but in advance they block my account not to claim my earnings and I really sorry that I thought real.