BartMax Review: MetaMax reboot task Ponzi
BartMax fails to provide ownership or executive information on its website.
BartMax’s website domain (“bartmax.vip”), was privately registered on August 1st, 2024.
In researching BartMax I came across MetaMax promoters who had transitioned over:
Coupled with the name similarities, it’s highly likely the same scammers behind MetaMax have launched BartMax.
MetaMax was a task-based Ponzi scheme run through a mobile app. The scam collapsed in July 2024, prompting two immediate reboot Ponzis; Meta Quest-Plus and another reboot going by MetaMax.
After the initial reboots flopped, it appears BartMax was set up a few weeks later.
MetaMax’s July 2024 collapse was preceded by a securities fraud warning from the Philippine SEC on June 25th.
BartMax has already attracted the attention of financial regulators. The Central Bank of Russia issued a BartMax pyramid fraud warning on September 9th, 2024.
In an attempt to appear legitimate, BartMax offers up a Hong Kong shell company certificate for “BartMax Streaming Entertainment Advertising PTE LTD”.
BartMax Streaming Entertainment Advertising PTE LTD is a renaming of “Unlucky Company PTE LTD” on August 3rd.
Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.
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.
BartMax’s Products
BartMax has no retailable products or services.
Affiliates are only able to market BartMax affiliate membership itself.
BartMax’s Compensation Plan
BartMax affiliates invest tether (USDT). This is done on the promise of advertised passive returns:
- VIP1 – invest 30 USDT and receive 3 USDT a day
- VIP2 – invest 90 USDT and receive 9 USDT a day
- VIP3 – invest 300 USDT and receive 30 USDT a day
- VIP4 – invest 600 USDT and receive 60 USDT a day
- VIP5 – invest 1200 USDT and receive 120 USDT a day
- VIP6 – invest 3000 USDT and receive 300 USDT a day
- VIP7 – invest 6000 USDT and receive 600 USDT a day
- VIP8 – invest 12,000 USDT and receive 1200 USDT a day
BartMax affiliates can also invest 100 USDT or more for up to 120 days:
- invest 100 USDT or more for 3 days and receive 0.5% a day
- invest 100 USDT or more for 3 days and receive 1% a day
- invest 100 USDT or more for 3 days and receive 1.3% a day
- invest 100 USDT or more for 3 days and receive 2% a day
- invest 100 USDT or more for 3 days and receive 4% a day
- invest 100 USDT or more for 3 days and receive 5% a day
BartMax pays referral commissions on invested USDT down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 3%
- level 3 – 2%
Joining BartMax
BartMax affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 30 USDT investment.
BartMax Conclusion
MetaMax’s task Ponzi ruse was getting investors to watch YouTube videos and rating them:
Under the guise of “commercial advertising” BartMax is more of the same:
Again as with MetaMax, this is busy-body work, as evidenced by MetaMax’s collapse.
As it stands, the only verifiable source of revenue entering BartMax is new investment.
Using new investment to pay affiliate withdrawals would make BartMax a Ponzi scheme. With nothing marketed or sold to retail customers, the MLM side of BartMax functions as a pyramid scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve BartMax of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.