Pitrex fails to provide ownership or executive information on its website.

Pitrex operates from two known website domains:

  1. pitrex.pro – privately registered on April 30th, 2024 (main website, app funnel)
  2. pitsp.com – first registered in 2016, private registration last updated on January 9th, 2024 (app)

In an attempt to appear legitimate, Pitrex provides a company registration certificate for Pitrex LLC.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

If we click the support link on Pitrex’s .COM website, we learn it runs on the Meiqia platform.

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running Pitrex has ties to China.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Pitrex’s Products

Pitrex has no retailable products or services.

Affiliates are only able to market Pitrex affiliate membership itself.

Pitrex’s Compensation Plan

Pitrex affiliates invest tether (USDT). This is done on the promise of daily passive returns.

Note that Pitrex does not disclose specific investment tiers on either of its websites.

Pitrex pays referral commissions on invested USDT down three levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 20%
  • level 2 – 6%
  • level 3 – 3%

Joining Pitrex

Pitrex affiliate membership is free.

Full participation in the attached income opportunity requires an investment in USDT.

Pitrex Conclusion

Pitrex is yet another “click a button” app Ponzi scheme.

Pitrex’s “click a button” Ponzi ruse is quantitative trading:

The presented ruse is Pitrex affiliates log in and click a button (the more invested the more the button needs to be clicked).

Clicking the button purportedly generates revenue via quantitative trading, which for some reason Pitrex shares a percentage of with affiliate investors.

If that makes no sense it’s because it doesn’t. Randoms clicking a button in an app doesn’t trigger quantitative trading.

In reality clicking a button inside Pitrex’s app does nothing. All Pitrex does is recycle newly invested funds to pay earlier investors.

Pitrex is part of a group of “click a button” app Ponzis that have emerged since late 2021.

Examples of already collapsed “click a button” app Ponzis using the same quantitative trading ruse include World Quant AI, AI Global and  Wheatland AI.

Since 2021 BehindMLM has documented hundreds of “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.

“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).

Organized crime interests from China operate scam factories behind “click a button” Ponzis from south-east Asian countries.

In September 2024, the US Department of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese human trafficking scam factories.

Through various companies he owns, Phat is alleged to shelter Chinese scammers operating out of Cambodia.

Regardless of which country they operate from, the same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.

 

Update 26th September 2024 – Pitrex has collapsed. As at the time of this update Pitrex’s app website(s) have been disabled.