In response to multiple regulatory warnings and an outright ban in Italy, QubitTech has rebranded as QubitLife.

QubitTech is a Ponzi scheme launched by Greg Limon in mid 2020. Limon has ties to Canada, the UK and Russia.

The first sign something was amiss with QubitTech emerged last month when, without warning, QubitTech dropped its .AI domain for a .DEV variant.

To date no credible explanation has been provided for the hasty domain switch.

Now roughly a month later, QubitTech has completely rebranded itself.

For the most part the QubitLife rebranding is cosmetic. The QubitTech 250% ROI Ponzi scheme remains intact.

Additions in QubitLife that weren’t there when we published our QubitTech review include:

  • Corporate Licenses – $5000 USDT min investment, 60% to 70% ROI offered over four to five months
  • CashBack Licenses – minimum $500 USDT investment, send QubitLife a receipt from “anywhere” and receive 20% of your investment plus “up to 100%” of the value of the receipt

Underscoring QubitLife’s name-change, is both new investment plants simply being new ways to trap more funds in the system.

The Cashback Licenses scheme is reminiscent of the Saivian Ponzi scheme. The SEC filed suit against Saivian’s owner, Eric Dalius, in 2018.

At the time of publication Alexa ranks the top three sources of traffic to QubitLife’s new domain as Venezuela (19%), the UK (14%) and Russia (9%).

None of these countries have a history of going after MLM Ponzi schemes.

In addition to Italy, Spain and the Ukraine have issued QubitTech securities fraud warnings.

Anyone with familiarity with MLM Ponzi schemes know rebrands, like withdrawal issues, are typical indicators of a pending collapse.

That said, with fresh shell companies, corporate bank accounts and new ways for affiliates to lose money, QubitLife might chug along for a while yet.