OakSmart has initiated an OAK USD Coin Ponzi exit-scam.

OakSmart’s exit-scam was announced two days after BehindMLM reviewed OakSmart, and California’s DFPI issued an OakSmart securities fraud desist and refrain order.

As per OakSmart’s December 8th announcement, the OAK USD Coin exit-scam will begin on December 25th.

Investors gullible enough to pump more money into OakSmart are pitched an 18% monthly ROI, paid out in both USD and OAK.

OAK USD Coin, or OAK Coin, will also see OakSmart launch a new unilevel MLM compensation plan.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

OakSmart caps payable unilevel team levels at ten.

OAK Coin commissions are paid as a percentage of returns paid to affiliates recruited into the unilevel team as follows:

  • level 1 (personally recruited affiliates) – 30% match
  • level 2 – 15% match
  • levels 3 to 10 – 5% match

OakSmart affiliates can invest in up to 20,000 OAK per account. OAK investments must also be equal to or greater than existing OakSmart investment balances.

It’s expected OakSmart will finalize its exit-scam and collapse and/or disappear shortly after December 25th. Alternatively the Ponzi might drag the scam out for a while by switching withdrawals to OAK.

As of November 2024, SimilarWeb was tracking ~20,000 monthly visits to OakSmart’s website. 61% of OakSmart’s website traffic originates from Vietnam. The remaining 39% originates from the US.

OakSmart is not registered to offer securities in either country and operates illegally.