Baccarat Entertainment Review: Staking MLM crypto Ponzi
Baccarat Entertainment fails to provide ownership or executive information on its website.
Baccarat Entertainment operates from two known website domains:
- baccarat-entertainment.com – first registered in May 2022, private registration last updated on May 3rd, 2024
- baccarat-entertainment.info – first registered in July 2022, private registration last updated on July 27th, 2023
Baccarat Entertainment has already attracted the attention of financial regulators. Germany’s BaFin announced they were investigating Baccarat Entertainment for gaming fraud on May 29th, 2024.
This ties into SimilarWeb attributing 100% of Baccarat Entertainment’s website traffic to Germany as of June 2024.
Between BaFin’s investigation and the German website traffic, it’s likely whoever is running Baccarat Entertainment has ties to Germany – or at the very least speaks German.
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.
Baccarat Entertainment’s Products
Baccarat Entertainment has no retailable products or services.
Affiliates are only able to market Baccarat Entertainment affiliate membership itself.
Baccarat Entertainment’s Compensation Plan
Baccarat Entertainment affiliates invest USDT equivalents in cryptocurrency.
This is done on the promise of a percentage of a variable weeklydaily return:
- Tester – invest $200 to $999 and receive 20% of the paid weekly return
- Advanced – invest $1000 to $9999 and receive 30% of the paid weekly return
- Pro – invest $10,000 to $19,999 and receive 40% of the paid weekly return
- Elite – invest $20,000 to $49,999 and receive 50% of the paid weekly return
- Diamond – invest $50,000 or more and receive 60% of the paid weekly return
Baccarat Entertainment pays a ROI match up two levels of recruitment (unilevel).
ROI match rates are determined by how much a recruited Baccarat Entertainment affiliate has invested:
- recruit a Tester tier affiliates and receive a 100% ROI match, your upline receives a 50% match
- recruit an Advanced tier affiliate and receive a 50% ROI match, your upline receives a 25% match
- recruit a Pro tier affiliate and receive a 25% ROI match, your upline receives a 12.5% match
- recruit an Elite tier affiliate and receive a 10% ROI match, your upline receives a 5% match
- recruit a Diamond tier affiliate and receive a 5% ROI match, your upline receives a 2.5% match
Joining Baccarat Entertainment
Baccarat Entertainment affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $200 investment.
Baccarat Entertainment solicits investment in various cryptocurrencies.
Baccarat Entertainment Conclusion
Baccarat Entertainment represents it generates external revenue via gambling.
Our staking platform … has therefore partnered up with a small team of players who fulfill those very requirements. They play five days a week – Monday to Friday – currently mostly online.
You simply stake your own money and gain profits every week.
Baccarat Entertainment fails to provide evidence it generates external revenue of any kind.
Furthermore, Baccarat Entertainment’s business model fails the Ponzi logic test.
If Baccarat Entertainment already has players generating weekly returns, purportedly sufficient to fund an MLM company, why do they need your money for?
Take out a small loan and keep 100% of the profit… is what Baccarat Entertainment would do if it was actually generating gaming revenue.
At a bare minimum, BaFin’s announcement confirms that Baccarat Entertainment is operating illegally in its primary market.
As it stands the only verifiable source of revenue entering Baccarat Entertainment is new investment.
Using new investment to pay ROI withdrawals would make Baccarat Entertainment a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Baccarat Entertainment of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
In October 2022, Andree Schumann uploaded four videos for this scam to his YT channel.
ibb.co/gDWkzcy
youtube.com/@andreeschumann1960
Since one of the four videos is also included on the website baccarat-entertainment.info, I assume that Andree Schumann is also the initiator of this scam.
On XING, Andree Schumann describes himself as a company owner and lives in Jomtien in Thailand.
ibb.co/bJn7nVm
xing.com/profile/Andree_Schumann
His former website joysparadise.com no longer exists. Here is the last link to the WebArchive from January 24, 2022.
web.archive.org/web/20220124062516/http://s637300098.website-start.de/
Apparently, his former company Joy’s Paradise & Guest House in Thailand no longer existed and Andree Schumann had to find a new way to earn money. Four months later, the domain baccarat-entertainment.com was registered. The timing kind of fits, doesn’t it?
Andree Schumann’s former website joysparadise.com contained a full legal notice. The email address given there is still up to date. I don’t know whether Andree Schumann, who calls himself “Andy” here, can still be reached by phone.
ibb.co/Pwbbxr8
His Facebook account de-de.facebook.com/andree.schumann.71 is empty.
His Instagram account, which has existed since October 2018 and has 161 followers, is private. Andree Schumann has already changed the name of this account three times. Why?
ibb.co/GnnFm1x
instagram.com/andree_schumann/