Angel Business Club surfaced around the time Viral Angels collapsed in mid 2015.

When it first launched, a “risk warning” page on the Angel Business Club website directly referenced Viral Angels.

Angel Business Club cite their parent company as Angel Equity International, a company registered in the UK.

Angel Equity International was incorporated in May of 2015, again around the time Viral Angels collapsed.

Dominic Berger and Philip Reid are listed as Company Directors of Angel Equity International, both through an address in London.

The Angel Business Club website cites Reid as Chairman and Berger as CEO of the company.

Both Reid and Berger were members of Trig’s Board of Directors.

Viral Angel’s CEO Anthony Norman was also the CEO of Trig (for a more detailed history refer to BehindMLM’s Viral Angels review).

Trig was tied to Viral Angels via the offering of virtual shares in Trig to Viral Angels affiliates.

Although Norman is not publicly fronting Angel Business Club, for all intents and purposes it appears to be a reboot of Viral Angels.

Viral Angels was primarily operated out of Sweden, with this likely also the actual base of operations for Angel Business Club.

Read on for a full review of the Viral Angels MLM opportunity.

The Angel Business Club Product Line

Angel Business Club has no retailable products or services, with affiliates only able to market Angel Business Club affiliate membership itself.

The Angel Business Club Compensation Plan

Angel Business Club investors invest funds each month on the promise of a weekly ROI:

  • invest €89 EUR a month and receive €21 EUR a week for 52 weeks (€24 EUR ROI)
  • invest €145 EUR a month and receive €34 EUR a week for 52 weeks (€28 EUR ROI)
  • invest €295 EUR a month and receive €70 EUR a week for 53 weeks (net €170 EUR annual ROI)
  • invest €420 EUR a month and receive €100 EUR a week for 53 weeks (net €260 EUR annual ROI)
  • invest €585 EUR a month and receive €142 EUR a week for 54 weeks (net €648 EUR annual ROI)
  • invest €750 EUR a month and receive €183 EUR a week for 54 weeks (net €882 EUR annual ROI)
  • invest €990 EUR a month and receive €242 EUR a week for 54 weeks (net €1188 EUR annual ROI)

Referral Commissions

Referral commissions are paid out on funds invested 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.

Angel Business Club cap payable unilevel levels at five.

Referral commissions are paid out as a percentage of funds invested across five unilevel levels.

Angel Business Club do not publicly disclose percentage payouts across each unilevel level.

Virtual Shares

Angel Business Club runs a virtual trading platform, through which affiliates can trade virtual shares with eachother.

Leadership Pool

Angel Business Club affiliates receive a share in 1% of company-wide investment.

Qualification criteria for the Leadership Pool are not disclosed.

Joining Angel Business Club

Angel Business Club is tied to a monthly subscription investment of between €89 and €990 EUR.

The more an affiliate invests the higher their income potential through the Angel Business Club compensation plan.


Angel Business Club is the latest incarnation from a group of scammers dating back to at least early 2012 ( SpinGlo, Synkronice and Enwire).

The business models of Angel Business Club and Viral Angels is pretty similar. Pay a monthly fee, get a ROI and earn additional commissions if you recruit new investors into the scheme.

Viral Angels had affiliates trade virtual shares in Trig, with Angel Business Club expanding this concept to virtual investment in third-party companies.

These are companies Angel Business Club has set up, complete with corresponding websites. Traffic analysis estimates to any of the company websites is pretty much zero, suggesting no legitimate business activity is taking place.

This is where the “investing in companies” ruse is exposed.

Whether they’re legitimate enterprises or not, investing in third-party companies doesn’t pay a weekly guaranteed ROI. Yet that’s exactly what Angel Business Club offer.

The only way Angel Business Club can guarantee a ROI is by recycling newly invested funds to pay off existing investors. This makes it a Ponzi scheme.

For clarification on this matter, prospective affiliates can ask their potential Angel Business Club affiliates for a dollar for dollar accounting tying weekly ROIs to angel investing.

If this is not or cannot be provided, you have your answer.

Angel Business Club’s virtual share market is an additional layer of fraud, with Angel Business Club not registered to offer securities (virtual or otherwise) in any jurisdiction.

The market is basically affiliates shuffling money between eachother via virtual share values set by Angel Business Club management.

Perhaps the most revealing aspect of the company is the following disclaimer in the official Angel Business Club presentation material:

Neither this presentation nor any copy of it may be

(a) taken or transmitted into Australia, Canada, Japan or the United States of America (or)

(b) distributed to any U.S. person

Legitimate angel investing very much exists in Australia, Canada, Japan and the US. The only reason Angel Business Club is avoiding those jurisdictions is because they’re far more likely to detect Ponzi fraud.

Perhaps not so much Australia, Canada and Japan, but the exclusion of the US in particular stands out.

On top of this Angel Business Club appear to have intentionally excluded English in their marketing material up until recently. I spent considerable time researching for this review and even then some parts of the compensation plan were unavailable.

Furthermore Angel Business Club’s English marketing presentation doesn’t appear to be accurate (weekly payouts don’t match their annual counterparts):

It’s far easier to scam people in fraudulent investment schemes in Europe, which the Trig folks have been doing for some years now.

Primary affiliate recruiting grounds for Angel Business Club are currently France (51%) and Germany (19%). Affiliate recruitment dropping off in these countries might explain Angel Business Club’s recent addition of official English marketing.

Either way, once newly invested funds dries up, like Viral Angels before it Angel Business Club will also collapse.