Tarracos Review: “Social metaverse” Dubai cycler Ponzi
Tarracos fails to provide verifiable ownership or executive information on its website.
While Tarracos does provide a list of executives, they are stolen identities that have nothing to do with the company:
Tarracos’ website domain (“tarracos.com”), was privately registered on October 18th, 2024.
As of December 2024, SimilarWeb was tracking 100% of Tarracos’ website traffic from India.
This strongly suggests whoever is running Tarracos is based out of and/or has ties to India.
Instead of being honest about that, Tarracos provides this information in its website terms and conditions;
“Tarracos” is an online entertainment service owned and operated by Southar FZ LLC with Registered Office: 6th Floor Meydan Grandstand, Meydan Road, Nad Al Sheba, Dubai, United Arab Emirates (“Southar FZ LLC” or “we”).
Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.
BehindMLM’s guidelines for Dubai are:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
If you want to know specifically how this applies to Tarracos, read on for a full review.
Tarracos’ Products
Tarracos has no retailable products or services.
Affiliates are only able to market Tarracos affiliate membership itself.
Tarracos’ Compensation Plan
Tarracos affiliates purchase €10 EUR positions in an eight-tier matrix cycler.
Through recruitment these positions cycle through higher tiers, paying out larger commissions when each matrix is filled.
- Chelsea – starting cycler tier, positions cost €10 EUR and cycles into Positano
- Positano – €20 EUR and cycles into Odaiba
- Odaiba – €40 EUR and cycles into Copenhagen
- Copenhagen – €80 EUR and cycles into Hvar
- Hvar – €160 EUR and cycles into Bellevue
- Bellevue – €320 EUR and cycles into Aspen Mountain Villa
- Aspen Mountain Villa – €640 EUR and cycles into Malibu Beach Villa
- Malibu Beach Villa – €1280 EUR
Matrices in the cycler are filled via €10 EUR cycler position purchases by directly and indirectly recruited affiliates.
Tarracos doesn’t disclose the size of the matrices used in its cycler.
In addition to cycler commissions, Tarracos also pays referral commissions.
25% to 50% commission on all purchases from your referrals
Specifics aren’t provided.
Joining Tarracos
Tarracos affiliate membership is tied to a €10 EUR cycler position purchase.
Note there is also a free affiliate option but full participation in Tarracos’ MLM opportunity still requires a €10 EUR investment.
Tarracos
Instead of just being honest about running a matrix cycler Ponzi, Tarracos dresses up its scam as a “social metaverse with unlimited possibilities”.
This sees Tarracos pitch investors on baloney about a metaverse game and property themed cycler investment positions.
Underneath the marketing, cycler positions are being purchased, new Tarracos investors are investing, existing matrices are filled and cycler ROI payments are generated.
The recycling of new investment to pay existing Tarracos investors through its cycler is what makes Tarracos a Ponzi scheme.
25% to 50% referral commissions directly financially incentivizes recruitment and adds an additional pyramid layer to the scheme.
Being a cycler Ponzi, primarily beneficiaries are whoever is running Tarracos. Through one or more preloaded admin positions, Tarracos owner(s) funnel the money money out of the system by reaching the top cycler tiers first.
Tarracos uses an auto-upgrade system where a part of your earned commissions is used to buy more exclusive properties, thereby maximising your small payment for higher commissions.
Whatever scraps are left go to top recruiters, with the majority of investors losing out when Tarracos inevitably collapses.
Note there is mention of an “in-game currency” on Tarracos’ website. Tarracos might indicate it is about to collapse by switching payments over to whatever this currency winds up being.