Aladino Review: Another Steinkeller bros MLM crypto Ponzi
Aladino fails to provide ownership or executive information on its website.
In fact as I write this, Aladino’s website appears disabled until September 15th:
Further research reveals Christian Steinkeller on a September 9th Aladino webinar.
On the webinar, Steinkeller introduces Michele Domizi as Aladino’s CEO.
As per Domizi’s LinkedIn profile, he’s the CEO of Making Duplication Technologies.
Making Duplication Technologies is behind Duplii, a failed MLM marketing platform.
Domizi’s LinkedIn profile places him in Dublin Ireland.
Whether that’s still accurate though is unclear.
Other than Duplii, which isn’t an MLM opportunity itself, Domizi doesn’t have a publicly verifiable MLM history. This is a red flag.
Christian Steinkeller meanwhile is a notorious Ponzi promoter and admin.
Christian, along with brothers Aron and Stefan (right), are best known in the MLM industry as a top earners in the $4 billion dollar OneCoin Ponzi scheme.
Following OneCoin’s collapse in 2017, the Steinkeller brothers fled to Dubai.
Since the Steinkeller brothers have run and/or promoted MyCoin24, Planet Impact, WinWheel and MetFi.
Both the Steinkeller brothers and Michele Domizi are originally from Italy.
Following an investigation that linked them to mafia violence, threats and murder, the Steinkeller brothers were indicted by Italian authorities in 2021.
As of October 2022 the Steinkeller’s criminal case, which pertains to OneCoin fraud charges, is ongoing.
Earlier this year we learned the Steinkeller brothers engaged PR firm Eliminalia to hide their fraudulent conduct.
While I can’t say for sure, it’s highly likely the Steinkeller brothers have a hand in the setting up and operation of Aladino.
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.
Aladino’s Products
Aladino has no retailable products or services.
Affiliates are only able to market Aladino affiliate membership itself.
Aladino’s Compensation Plan
Aladino affiliates invest tether (USDT), into an eight-tier NFT position investment scheme:
This is done on the promise of shares in a crypto mining pool:
- invest 25 USDT and receive 20% of an allocated share
- invest 250 USDT and receive 25% of an allocated share
- invest 1000 USDT and receive 40% of an allocated share
- invest 2500 USDT and receive 45% of an allocated share
- invest 5000 USDT and receive 60% of an allocated share
- invest 10,000 USDT and receive 70% of an allocated share
- invest 25,000 USDT and receive 75% of an allocated share
- invest 50,000 USDT and receive 80% of an allocated share
In its marketing material, Aladino cites a 300% annual ROI per allocated share. Returns are purportedly paid out for five years, after which reinvestment is required.
Note that although returns are calculated annually, Aladino pays “multiple time(s) daily” in bitcoin (BTC).
The MLM side of Aladino pays on recruitment of affiliate investors.
Aladino Affiliate Ranks
There are eight affiliate ranks within Aladino’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Rank 1 – sign up as an Aladino affiliate and invest at least 25 USDT
- Rank 2 – invest at least 250 USDT and generate 2500 USDT in downline investment volume
- Rank 3 – invest at least 1000 USDT and generate 10,000 USDT in downline investment volume
- Rank 4 – invest at least 2500 USDT and generate 50,000 USDT in downline investment volume
- Rank 5 – invest at least 5000 USDT and generate 200,000 USDT in downline investment volume
- Rank 6 – invest at least 10,000 USDT and generate 1,000,000 USDT in downline investment volume
- Rank 7 – invest at least 25,000 USDT and generate 2,500,000 USDT in downline investment volume
- Rank 8 – invest at least 50,000 USDT and generate 10,000,000 USDT in downline investment volume
Note that from Rank 2, no more than 60% of required downline investment volume can be counted from any one recruitment leg.
Referral Commissions
Aladino pays referral commissions via a unilevel compensation structure.
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.
Aladino caps payable unilevel team levels at sixteen.
Referral commissions are paid as a percentage of USDT invested across these sixteen levels based on rank:
- Rank 1 affiliates earn 10% on level 1 and 5% on level 2
- Rank 2 affiliates earn 10% on level 1, 5% on level 2, 4% on level 3 and 3% on level 4
- Rank 3 affiliates earn 10% on level 1, 5% on level 2, 4% on level 3, 3% on level 4 and 2% on levels 5 and 6
- Rank 4 affiliates earn 10% on level 1, 5% on level 2, 4% on level 3, 3% on level 4 and 2% on levels 5 to 8
- Rank 5 affiliates earn 10% on level 1, 5% on level 2, 4% on level 3, 3% on level 4, 2% on levels 5 to 9 and 1% on level 10
- Rank 6 to 8 affiliates earn 10% on level 1, 5% on level 2, 4% on level 3, 3% on level 4, 2% on levels 5 to 9 and 1% on levels 10 to 16
Infinity Bonus
Rank 5 and higher Aladino affiliates qualify for the Infinity Bonus.
The Infinity Bonus pays a bonus percentage on USDT investment volume from level 17 of the unilevel team.
- Rank 5 affiliates receive a 1% Infinity Bonus
- Rank 6 affiliates receive a 2% Infinity Bonus
- Rank 7 affiliates receive a 5% Infinity Bonus
- Rank 8 affiliates receive a 10% Infinity Bonus
Rank Achievement Bonus
Aladino rewards affiliates for qualifying at Rank 2 and higher with the following one-time Rank Achievement Bonuses:
- qualify at Rank 2 and receive 100 USDT
- qualify at Rank 3 and receive 400 USDT
- qualify at Rank 4 and receive 2000 USDT
- qualify at Rank 5 and receive 8000 USDT
- qualify at Rank 6 and receive 40,000 USDT
- qualify at Rank 7 and receive 100,000 USDT
- qualify at Rank 8 and receive 400,000 USDT
Joining Aladino
Aladino affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 25 USDT investment.
Aladino Conclusion
Aladino represents it generates external revenue via cryptocurrency mining.
No evidence of Aladino generating revenue by mining, or any other source of external revenue, is provided.
Furthermore, as per the screenshot of Aladino’s website in the introduction of this review, the company claims to already have “$100 millions” in its mining pool.
If that’s the case, what do they need your money for?
On the regulatory front Aladino’s passive returns investment scheme constitutes a securities offering.
Aladino fails to provide evidence it has registered itself with financial regulators in any jurisdiction.
This means that, at a minimum, Aladino and its promoters are committing securities fraud.
This doesn’t come as a surprise considering the Steinkeller brothers’ past.
As it stands, the only verifiable source of revenue entering Aladino is new investment.
Using new investment to pay affiliate withdrawals would make Aladino a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Aladino of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Dear. behindmlm,I am Michele Domizi, the CEO of Aladino. I have provided my email address in your form, and I welcome you to choose the communication medium that suits you best ( email or in here. ) to reach out.
I would greatly appreciate the opportunity to address and clarify certain important inaccuracies mentioned in your article about myself, Aladino and Duplii (a software company that was sold with good profits in 2017 and developed a CRM). Have a good day.
Michele Domizi
Oz wrote:
Aron Steinkeller has also actively supported the OmegaPro scam. See this comment:
https://behindmlm.com/companies/omegapro/omegapro-collapses-withdrawals-disabled-for-three-weeks/#comment-461468
Hi Michele,
Here will do. This is a publicly available review so if you wish to respond, do so publicly.
Main thing I’d be interested in is why Aladino hasn’t registered itself with financial regulators in every jurisdiction it solicits investment in.
I’ll get the usual bullshit out of the way:
-Calling a passive investment opportunity “buying NFTs” doesn’t change what it is.
-Securities offerings in cryptocurrency are not exempt from securities law in any country.
-Whether you disagree with securities laws is irrelevant to Aladino and its promoters committing securities fraud.
I’m impressed that the CEO reaponded, I’d give this a try.
Hahahaha
Domizi was already improved with the Steinkellers brothers in onecoin in 2016, before to be involved with Mr colaianni and Mrs Adele Lumia with many others scams …
Just because a “CEO responded” doesn’t mean the company will be around long term.
Time will determine how long it will take for a company to implode or succeed in the long run.
This is about the 10th Ponzi scam Luigi Bruni has promoted in 2023. All have collapsed. This one will be no exception. He’s still dreaming of CashFx days.
Fools and their money are easily parted!
@Shadow Man
All MLM companies committing securities fraud are Ponzi schemes. All Ponzi schemes implode.
A Ponzi scheme taking longer to implode is only successful for scammers, the majority of investors still lose money.
Where is Michele Domizi now?
Waiting…. Maybe Michele Domizi knows he is a scammer and doesn’t answer anymore.
I don’t think he will ever answer publicly, as he most likely didn’t have any intention to do so.
His message seems like a typical attempt to move away from public discussion and to try and present his point in private.
Of course and for sure he is a scammer line his friend Steinkeller.
Wait!
Aladino?? Like the Spanish/Italian name for Aladdin?
it.wikipedia.org/wiki/Aladino_e_la_lampada_meravigliosa
Looks like it. And I’d go with Italian over Spanish given Italians are running the company.
It’s a kind of magic (?)
Money disappears, that is true
XD
Magic carpet exit-scam.
“create new story to get new money” #scammer
Hey since Michele Domizi is here. Where are the smart contracts for your NFTs? 😉 What blockchain are you running those NFTs on?
Why do two websites exist for this scam?
aladinomining.com (registered on September 6, 2023) and aladino.io (registered on January 30, 2023).
The same team is shown on both sites:
CEO Michele Domizi – COO Michele Pelagagge – CFO Paolo Musumeci
share-your-photo.com/4c80546382
Paolo Musumeci founded the following company on February 17, 2012 with 2 GBP equity: PAOLINOS LIMITED
find-and-update.company-information.service.gov.uk/company/07953462
The company was compulsorily liquidated in April 2019:
share-your-photo.com/95cbf6925c
find-and-update.company-information.service.gov.uk/company/07953462/insolvency
What does a chef understand about cryptocurrencies? This is how Paulo Musemuci describes himself:
Oz wrote:
Quote from the General Terms and Conditions:
share-your-photo.com/7640f0e923
my.aladino.io/modules/Manager/agreements/terms.pdf
It is also mentioned on the website:
That sounds very dubious. Of course, these fraudsters cannot be contacted by telephone and do not give specific addresses with street names, house numbers, etc. Reputable companies also publish their registration numbers in the commercial register.
share-your-photo.com/3b4423a052
I found this under a video from September 15, 2023:
youtube.com/watch?v=8QQGsNiDKtA
Oz wrote:
CEO Michele Domizi has changed his LinkedIn profile. He now mentions Marbella and the surrounding area in Spain:
share-your-photo.com/a496480b1d
linkedin.com/in/micheledomizi/?originalSubdomain=ie
The ALADINO Member Agreement / Terms & Conditions (ALADINOMA) comprises 21 pages and contains many prohibitions:
my.aladino.io/modules/Manager/agreements/member.pdf
ALADINO Mining on YouTube with 18 videos and 1,470 subscribers:
share-your-photo.com/e95a64eda9
youtube.com/@ALADINOGLOBAL/videos
I have repeatedly read the name Luigi Bruni (CashFX Group, 8-minute-trader) here. In this video from September 9, 2023, Luigi Bruni (top center) was a participant. Is this the same guy?
share-your-photo.com/d49e8d191c
youtube.com/watch?v=UjYQKAs46VA
I apologize, I have made a mistake.
The official YouTube channel is Aladino Mining!
youtube.com/@AladinoMining
The YouTube channel ALADINO GLOBAL belongs to a guy from Malaysia and contains 32 videos and has only 30 subscribers:
share-your-photo.com/9187194a3c
youtube.com/@ALADINOGLOBAL/videos
Total visits last 3 months and visitors by country for aladino.io:
share-your-photo.com/aa55073885
Total visits last 3 months and visitors by country for aladinomining.com:
share-your-photo.com/06c9559fcd