Argyll Technologies Group Review: Sports arbitrage = 600% ROI?
Argyll Technologies Group claims to be ‘a group of companies specializing in the niche field of advanced sporting data analytics‘.
Despite claiming to have been “setup in 2013 in the British Virgin Islands”, the Argyll Technologies Group website domain (“argyll-tech.com”) wasn’t registered until early 2016.
The Internet Archive’s Wayback Machine confirms that up until late 2017 the “argyll-tech.com” domain was dormant.
Alexa traffic estimates suggest the current Argyll Technologies Group website went live around late October, 2017.
In summation, Argyll Technologies Group didn’t exist prior to around September or October, 2017. The claim the company has been around since 2013 is bogus.
Argyll Technologies Group do provide a corporate address in the British Virgin Islands on their website.
Further research however reveals this address actually belongs to Fidelity Corporate Services, who provide BVI company formation services.
As such it appears Argyll Technologies Group exists in the British Virgin Islands in name only.
Cited as CEO of the company on the Argyll Technologies Group website is “Gene Clinton Harris”.
No information about Harris other than his name is provided.
Of note is Harris is represented by a stock image onto which what is likely another stock image has been photoshopped (extremely poorly) over.
Whether Harris actually exists or not is unclear.
The Argyll Technologies Group website does have another (very stock photo looking) photo of Harris, but I wasn’t able to find any independent information confirming he’s an actual person.
Update 7th March 2018 – Despite the piss-poor Photoshop attempt above, it seems Gene Clinton Harris is represented by an actual person.
The individual representing Harris has a distinctly British accent.
Whether the man’s name is actually Gene Clinton Harris remains unclear, as no information exists about him outside of Argyll Technologies marketing material.
Several men, presumably of European descent, are featured in the video footage:
These men are presumed to be involved in the running of Argyll Technologies, however their identities are not disclosed. /end update
Cited as Chief Marketing Officer of Argyll Technologies Group on their website is Spencer Lee.
I was able to confirm Lee is an actual person via footage of an Argyll Technologies Group recruitment event, held in Indonesia in November, 2017.
Gene Harris is nowhere to be seen.
It is likely that Spencer Lee is either running Argyll Technologies Group or is part of the team that is. Gene Harris appears to be “white guy” smoke and mirrors.
I have noted the incorporation of Argyll Technologies Limited in the UK on July, 2013.
Gene Harris is listed as one of the Directors of the company, however this predates Argyll Technologies Group the MLM opportunity by three years.
There’s a good chance whoever is running Argyll Technologies Group just appropriated the name and one of the company’s Directors to create the 2017 MLM opportunity.
At the time of publication Alexa estimate that Taiwan (36%) and Thailand (34%) together make up 70% of traffic to the Argyll Technologies Group website.
It is highly likely that whoever is running Argyll Technologies Group is based out of one of these two countries or somewhere else in Asia (Indonesia and Malaysia are the next two largest sources of traffic).
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.
Argyll Technologies Group Products
Argyll Technologies Group has no retailable products or services, with affiliates only able to market Argyll Technologies Group affiliate membership itself.
The Argyll Technologies Group Compensation Plan
Argyll Technologies Group affiliates invest funds on the promise of ROI of up to 600%.
- invest $1000 and receive a 300% ROI
- invest $5000 and receive a 400% ROI
- invest $10,000 and receive a 500% ROI
- invest $50,000 and receive a 600% ROI
There doesn’t appear to be a ROI maturity schedule.
Referral commissions are paid on funds invested by personally recruited affiliates, based on how much the referring affiliate themselves has invested:
- invest $1000 or $5000 and receive an 8% referral commission rate
- invest $10,000 or $50,000 and receive a 10% referral commission rate
Argyll Technologies Group pay residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day Argyll Technologies tallies up new investment volume on both sides of the binary team.
Affiliates who have invested $1000 or $5000 are paid 8% of funds matched on both sides of the binary team.
Affiliates who have invested $10,000 or $50,000 are paid 10%.
Note that Argyll Technologies Group cap daily binary earnings based on how much an affiliate has invested:
- invest $1000 and earn up to $1000 a day
- invest $5000 and earn up to $5000 a day
- invest $10,000 or $50,000 and earn up to $10,000 a day
Argyll Technologies Group pay a Matching Bonus 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.
Argyll Technologies cap payable unilevel levels at twenty. A 1% matching bonus is paid on residual commissions earned by unilevel team affiliates.
How many unilevel team levels an Argyll Technologies Team affiliate can earn on is determined by how much they’ve personally invested:
- invest $1000 and earn the Matching Bonus down on five levels
- invest $5000 and earn the Matching Bonus down ten levels
- invest $10,000 or $50,000 and earn the Matching Bonus down all available twenty levels
Joining Argyll Technologies Group
Argyll Technologies Group affiliate membership is tied to a $1000 to $50,000 investment.
The more an affiliate invests the higher their income potential via the Argyll Technologies Group compensation plan.
Argyll Technologies Group claim to generate external ROI revenue through “sports arbitrage”.
The company refers to its purported arbitrage platform as “ADASA”.
Working with the best specialists in around the world, the powerful sports arbitraging system, ADASA was commissioned.
The team began running a severe and inclusive constancy diagnostics test on ADASA, a meticulous process which spanned over 16 months.
The results were absolutely impressive.
Argyll Technologies Group however provide no evidence of ADASA existing or any sports arbitrage taking place.
Furthermore Argyll Technologies Group’s claims fail the Ponzi logic test.
ADASA is a supercomputer mainframe system, designed to run its protocol 24 hours a day and 7 days a week.
If Spencer Lee and whoever he’s working with have already developed an arbitrage bot capable of consistently turning $50,000 into $300,000 over and over again, why are the soliciting investment from randoms over the internet?
Argyll Technologies Group claim ADASA generates “risk free profit”, so why share any generated revenue with affiliates?
In reality the only source of verifiable revenue entering Argyll Technologies Group is newly invested funds.
Using newly invested funds to pay existing affiliates a ROI makes Argyll Technologies Group a Ponzi scheme.
Paying recruitment commissions on new investors adds an additional pyramid layer to the scheme.
Throw in dodgy photoshopped images on their website, a shell incorporation in the BVI tax haven and marketing that primarily targets gullible investors across Asia, and there’s not even the remotest whiff of legitimacy to be found.
As with all Ponzi schemes, once affiliate recruitment slows down so too will new investment.
This will starve Argyll Technologies Group of ROI revenue, eventually prompting a collapse.
When that inevitably happens Spencer Lee goes into hiding and everyone loses their money.
Update 1st August 2018 – An open criminal investigation has revealed Argyll Technologies is being run by a group of Taiwanese nationals.