QubitTech Ponzi scheme rebrands as QubitLife
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 $500 USDT investment, send QubitLife a receipt from “anywhere” and receive 20% of your investment plus “up to 100%” of the value of the receipt
Underscoring QubitLife’s name-change, is both new investment plants simply being new ways to trap more funds in the system.
The Cashback Licenses scheme is reminiscent of the Saivian Ponzi scheme. The SEC filed suit against Saivian’s owner, Eric Dalius, in 2018.
At the time of publication Alexa ranks the top three sources of traffic to QubitLife’s new domain as Venezuela (19%), the UK (14%) and Russia (9%).
None of these countries have a history of going after MLM Ponzi schemes.
In addition to Italy, Spain and the Ukraine have issued QubitTech securities fraud warnings.
Anyone with familiarity with MLM Ponzi schemes know rebrands, like withdrawal issues, are typical indicators of a pending collapse.
That said, with fresh shell companies, corporate bank accounts and new ways for affiliates to lose money, QubitLife might chug along for a while yet.
Nikolai Martinov admin of laser online, larawith me, govbid and omega-club done exactly the same on laser online with a fake token and co ..just before the scam of laser online ..
the end is near about that scam…
Its a fake description. The Qubitlife is a real and good thing.
I earn 40.000$ passive income in 5 month and i bought my dream car with no recommend. Stop writing fake news.
QubitLife is a real Ponzi scheme. Whether you’ve stolen $40,000 through it is neither here nor there.
Stop living in denial.
(Ozedit: proof or ban)
If you’re going to pretend you’re in every trending MLM Ponziyou’re going to need to start posting proof of your claims.
Now that you’ve made the claim, a screenshot showing $30,000 invested in your QubitLife backoffice should do it. Anything else = spambin.
Nobody said Qubitlife isn’t real,or that you can’t make money from it. Qubittech/Qubitlife however is a scam that will try survive as long as possible by roping suckers in until it inevitably collapses
What’s more relevant is that as with all Ponzi/pyramid scams,any profit you make is stolen money. So Congrats I guess?
How is it possible for the company QubitLife to earn money?
It`s simple ! They do it simply by trading with the crypto currency like forex. bitcoin and many other crypto currencies.
This is absolutely LEGAL business and far away from scam as some people claim. I know people that have got their rewards payout EVERY DAY since the lounch for nearly a year ago.
Yes yes, I know what the opponnents will say:
“Whait and see”. In the meantime, as members in Qubit Life, we continue to ean money-every day !
Roger Nilsen (Norway)
Prove it. Where are the legally required audited financial reports?
The business model is legal, which makes you wonder why QubitLife chooses to commit securities fraud and operate illegally.
Couldn’t be because they aren’t doing what they say they are… oh no.
The “opponents” say QubitLife is a Ponzi scheme and sorry for your loss. Nobody gives a fuck how much you steal.
QubitLife isn’t registered with the Norwegian Gaming Board, not that scammers such as yourself care.
Such a shame the education system in Norway can let dullards like this through, obviously Roger couldn’t balance a pre-school math equation – let alone identify a simple ponzi.
Also reading comprehension seems low given he uses the same excuses as every other ponzi victim,but clearly hasn’t connected the dots.
Then if is not scam why people cannot withdraw funds.
they already left with the funds. Actualize please.
On my list for today. I see there was some May 25th webinar.
I’ll watch it and report back towards the end of my run today.
Thanks Oz for opening my eyes. I got burned in two ponzi websites and then i found your reviews, I learned more about those frauds and your advices teached me not to invest anymore in cheap ponzis.
I was about to give my money to Mirollex and Qubit. You opened my eyes!
Hat tip – Nicole over at the qubitlife now what fb group…
Thanks Okosh. Need a quick break then looking into QubitLife.
Few initial thoughts:
Greg Limon disappearing is notable. Especially given QubitLife’s ties to Russia and the recent collapse of Russian Ponzi schemes.
1. You can’t just wipe the slate clean and carry on like you weren’t running a multi-million dollar Ponzi scheme for over a year. That’s now how regulation works.
2. QubitLife is a Ponzi scheme full of scammers. They aren’t interested in legitimate business opportunities.
Over 250,000 subscribers robbed of their hard-earned cash by Russian scammers.
They force these subscribers to accept unfavourable terms or deny access to their account, then they force them to agree to convert their earned rewards into worthless QDTs and ESI and VGI which are all valueless.
It was all a scam, hyped and well-executed.
CEO Greg Limon was a fake CEO just standing for the real thieves got the support of Marc Swickle, both ran away leaving desperate and frustrated subscribers crying and begging for their life savings locked in a Russian mafia scam.
Be lucky to have 25,000!!!…
Unfortunately I lost my 1000usdt. very painful as I believed people who earned from this platform.
Is there any solution? How can someone claim for this fraud ? please guide.
Claim with who? Ultimately QubitTech has ties to Russia and Russian authorities don’t care about MLM Ponzi fraud.
The solution is don’t invest in Ponzi schemes. “bUt pEoPlE aRe GeTtInG pAiD” isn’t due diligence.
Sorry for your loss.
Anyway, the company offers a refund. The debt will be delivered in the ESI, VGI and QDT indices.
I have to make a decision but not sure which is the best one. ESI, VGI and QDT?Need advice on which one to go with.
That’s not a refund. That’s “you’re now a shit token bagholder, sorry for your loss.”
Which shitcoin should you choose for your numbers on the s c r e e n??….
Sheeps zombie people thats fall again with “third-party platforms”.
At current time, NO needed third-party in order to earn income, you (sheep people), need study more and understand hows tech works.
No sorry for your loss, its a life leason for you, market will put in your position.
I am devastated. I have cried so much. I invested thousands of dollars. I am a victim.
Thankyou OZ. Quibit LIFE is out to ruin a person’s LIFE.
Genuinely sorry to hear of your loss. However painful, I hope a lesson was nonetheless learnt.
Qbitlife wants you to upgrade a few times yes you can get money out when your card is working or they don’t give it to you for a while ..
so you upgraded to 20k in dollars and see money coming ..eventually when lots of people upgrade even higher than 20k they just empty your wallets like they did with mine and compensate in qdt .1 qdt costs 0.0017 cents they tell you that in future this will reach 1dollar and you ll be rich.
forget it…they ll be rich when you got like me 10.000 qdt at 1dollar each…
how do you get rich if already sold it to you for 1dollar and you ll never get rich.
they will empty all the wallets again once there’s plenty and as you collect weekly it will come out of nowhere that they ll tell you sorry but there’s been a data breach and all the money is gone. sorryyyy there’s nothing we can do.
If you ve been given qdt soon the trash can will cost more than any qdt amount. go to police station and report the scam just to put it in your records that you did report it…
if they ask you what now? Then you say I want you to issue an arrest warrant and I will be pressing the charges to take him to court.
if so let me know and I ll fly there I really want to burn this guy but first I want to break every bone he’s got even take his eyes out and send body parts to his house every Christmas.
i really want to break his neck.please do not get involved with qbitlife your life and all your savings will go to him again.
please try different like cashfx in google safer till now so you put 5k dollars and get 1000 every months so soon you can get all your money and then you can play with what you got by now you have 20.000 dollars double..
CashFX Group is a Ponzi scheme just like QubitLife was. And it’s not paying out, just like QubitLife isn’t.
Sorry for your loss x2.