Beurax Review: Daily returns crypto trading Ponzi
Beurax provides no information on its website about who owns or runs the company.
Beurax’s website domain (“beurax.com”) was privately registered on June 6th, 2020.
In an attempt to appear legitimate, Beurax offers up an ASIC registration certificate for “Beurax Corporation PTY LTD”.
To date Beurax has not filed any documents with ASIC beyond it’s initial application.
In any event, ASIC is known for not effectively regulating MLM securities fraud. For the purposes of MLM due-diligence, ASIC registration is meaningless.
A marketing video on Beurax’s official YouTube channel features “Brandon Watts”.
Watts is cited as founder and CEO of Beurax. He is played by an actor with a distinct eastern European accent.
In the video, straight off the bat Watts is shown driving a left-hand car. Australia drives on the right-hand side cars.
The actor playing Watts has a strong eastern European accent. The video is shot in rented office space.
Considering Brandon Watts doesn’t exist outside of Beurax’s own marketing material, he’s a prime Boris CEO candidate.
At the time of publication Alexa ranks the US (68%) and Canada (4%), as top sources of traffic to Beurax’s website.
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.
Beurax’s Products
Beurax has no retailable products or services, with affiliates only able to market Beurax affiliate membership itself.
Beurax’s Compensation Plan
Beurax affiliates invest USD, bitcoin and/or ethereum, on the promise of an advertised daily ROI.
- invest $20 to $500 and receive 1.4% a day for 15 days (121%)
- invest 0.001 to 0.5 BTC and receive 1.4% a day for 20 days (128%)
- invest 0.1 to 5 ETH and receive 1.4% a day for 20 days (128%)
- invest $500 to $1000 and receive 1.5% a day for 20 days (130%)
- invest $1000 to $2500 and receive 1.6% a day for 25 days (140%)
- invest 0.5 to 2 BTC and receive 1.5% a day for 30 days (145%)
- invest 5 to 20 ETH and receive 1.5% a day for 30 days (145%)
- invest $2500 to $5000 and receive 1.7% a day for 30 days (151%)
- invest $5000 to $10,000 and receive 1.8% a day for 35 days (163%)
- invest $1000 to $50,000 and receive 1.5% to 2.1% a day for 45 days (167.5% to 194.5%)
- invest 0.1 to 5 BTC and receive 1.5% to 2.1% a day for 45 days (167.5% to 194.5%)
- invest 3 to 120 ETH and receive 1.5% to 2.1% a day for 45 days (167.5% to 194.5%)
- invest 2 to 10 BTC and receive 1.6% a day for 45 days (172%)
- invest 20 to 50 ETH and receive 1.6% a day for 45 days (172%)
- invest $10,000 to $50,000 and receive 3% a day for 90 days (270%)
- invest $50,000 to $100,000 and receive 3.1% a day for 90 days (279%)
- invest 1 to 5 BTC and receive 3.1% a day for 90 days (279%)
- invest 25 to 125 ETH and receive 3.1% a day for 90 days (279%)
- invest $100,000 to $300,000 and receive 3.2% a day for 90 days (288%)
- invest $300,000 to $500,000 and receive 3.3% a day for 90 days (297%)
- invest 5 to 15 BTC and receive 3.3% a day for 90 days (297%)
- invest 125 to 400 ETH and receive 3.3% a day for 90 days (297%)
- invest $500,000 to $1,000,000 and receive 3.4% a day for 90 days (306%)
- invest $1,000,000 to $100,000,000 and receive 3.6% a day for 90 days (324%)
- invest 15 to 50 BTC and receive 3.6% a day for 90 days (324%)
- invest 400 to 1500 ETH and receive 3.6% a day for 90 days (324%)
Beurax Affiliate Ranks
There are twelve affiliate ranks within Beurax’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Silver Consultant – sign up as a Beurax affiliate
- Golden Consultant – generate $10,000 in total downline investment
- Diamond Consultant – generate $30,000 in total downline investment
- Silver Manager – generate $60,000 in total downline investment
- Golden Manager – generate $120,000 in total downline investment
- Diamond Manager – generate $250,000 in total downline investment
- Silver Partner – generate $1,000,000 in total downline investment
- Golden Partner – generate $3,000,000 in total downline investment
- Diamond Partner – generate $10,000,000 in total downline investment
- Silver Director – generate $30,000,000 in total downline investment
- Golden Director – generate $50,000,000 in total downline investment
- Diamond Director – generate $100,000,000 in total downline investment
Referral Commissions
Beurax pays referral commissions on invested funds 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.
Beurax caps payable unilevel team levels at fifteen.
Referral commissions are paid out across these fifteen levels based on rank:
- Silver Consultants earn 6% on level 1 (personally recruited affiliates), 3% on level 2, 1% on levels 3 and 4, 0.5% on levels 5 to 7, 0.4% on levels 8 to 10, 0.3% on levels 11 to 13 and 0.2% on levels 14 and 15
- Golden Consultants earn 7% on level 1, 3% on level 2, 1% on levels 3 and 4, 0.5% on levels 5 to 7, 0.4% on levels 8 to 10, 0.3% on levels 11 to 13 and 0.2% on levels 14 and 15
- Diamond Consultants earn 8% on level 1, 4% on level 2, 2% on level 3, 1% on level 4, 0.5% on levels 5 to 7, 0.4% on levels 8 to 10, 0.3% on levels 11 to 13 and 0.2% on levels 14 and 15
- Silver Managers earn 9% on level 1, 5% on level 2, 2% on level 3, 1% on level 4, 0.5% on levels 5 to 7, 0.4% on levels 8 to 10, 0.3% on levels 11 to 13 and 0.2% on levels 14 and 15
- Golden Managers earn 10% on level 1, 6% on level 2, 3% on level 3, 1% on level 4, 0.5% on levels 5 to 7, 0.4% on levels 8 to 10, 0.3% on levels 11 to 13 and 0.2% on levels 14 and 15
- Diamond Managers earn 11% on level 1, 7% on level 2, 3% on level 3, 1% on level 4, 0.5% on levels 5 to 7, 0.4% on levels 8 to 10, 0.3% on levels 11 to 13 and 0.2% on levels 14 and 15
- Silver Partners and higher receive 12% on level 1, 8% on level 2, 3% on level 3, 2% on level 4, 0.5% on levels 5 to 7, 0.4% on levels 8 to 10, 0.3% on levels 11 to 13 and 0.2% on levels 14 and 15
Leadership Bonuses
Leadership Bonuses are a one-time rank-based bonus starting at the Diamond Consultant rank:
- qualify at Diamond Consultant and receive $1000
- qualify at Silver Manager and receive $2000
- qualify at Golden Manager and receive $3000
- qualify at Diamond Manager and receive $5000
- qualify at Silver Partner and receive $20,000
- qualify at Golden Partner and receive $50,000
- qualify at Diamond Partner and receive $250,000
- qualify at Silver Director and receive $500,000
- qualify at Golden Director and receive $1,000,000
- qualify at Diamond Director and receive $3,000,000
Note that even if rank qualification is met, it appears Beurax pays out Leadership Bonuses at their discretion;
This bonus is intended for leaders and most active team members.
The company calculates a bonus based on a thorough analysis of the partner’s account, namely, on his activity and personal results of work with the team.
Joining Beurax
Beurax affiliate membership is free.
Full participation in the attached income position requires a minimum $20, 0.001 BTC or 0.1 ETH investment.
Conclusion
Beurax represents it generates external revenue through trading bots.
The uniqueness of our platform and operating software is based on algorithms for nanosecond financial engineering.
Our trading bots are programmed for certain algorithms of actions, and qualitatively differ in the speed of obtaining information and processing data, depending on the market situation.
No evidence of trading taking place is provided. Nor is there any evidence of Beurax using external revenue of any kind to pay affiliate withdrawals.
As it stands the only verifiable source of revenue entering Beurax is new investment.
Using new investment to pay affiliates a daily return makes Beurax a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment. This will starve Beurax of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 28th February 2021 – Through the hiring of actors based out of Moscow, it is all but confirmed Beurax is a Russian Ponzi scheme.
Update 1st March 2021 – Beurax CEO Brandon Watts has been outed as a Russian model.
Update 2nd March 2021 – Beurax has collapsed.
So that’s another more than likely Russian scam trying to pretend being based in a right-hand drive country, being caught up by showing the pretend CEO in a left-hand drive car. The first one being Alioth Club. One might add that their Mr. “Eric Barton” was in a Mercedes with a white interior, just like this Mr. “Brandon Watts” (although he could afford a driver).
The CEO actor in this case has a very weird accent, though. It isn’t the standard Russian one. It sounds somewhat like the generic “Asian” fake accent that ages ago was put on by white American movie actors in yellowface. You know, the days when they still used the word “Chinaman”.
They either have a sense of humour about this issue, or they completely lack self-awareness (my bet is on the last one). They have other videos, in which an acctress identified as “Susan Pope, marketing director”, answers questions from fake investors. This is a bit of the dialogue:
This actor Brandon Watts sounds exactly like GGG (Gennady Golovkin). So maybe he’s of Kasakhstani origin.
And now we’re in for a “Drama Show” 😉
If you’re so sure of yourself, get the cops.
Regardless of whether Beurax is or isn’t reported to “the cops”, the fact remains it’s still a Ponzi scheme.
Does the CEO’s video say somewhere that he drives this car directly in Australia?
In responses to FAQ, the company’s customers were told that Brandon Watts is an Australian citizen. He comes from Hungary, if I remember correctly. It’s understandable why he has such an accent.
In responses to FAQ, the company’s customers were told that Brandon.
And why do you, dear Behind MLM, say that this is a Ponzi scheme (where profit is paid from the investments of other investors), thereby not stipulating that the company broadcasts online trading operations on the world’s largest cryptocurrency exchanges? Why not a word about the online trading platform?
Where is every person, regardless of whether he is an investor or not, has the opportunity to monitor how much the company earns every minute?
(Ozedit: derails removed)
If you’re going to pretend you’re based out of Australia, at lest you can put some effort in.
Brandon Watts doesn’t exist. Feel free to provide evidence to the contrary. “But the Ponzi scammers told us…” is not evidence.
Because for the purpose of due-diligence it’s meaningless.
There is no substitute for an investment based MLM company registering with financial regulators in every jurisdiction it solicits investment in, and providing investors and said regulators with audited financial reports.
Where did you get such conclusions? That he lives outside Australia?
Does your fantasy admit that part of the video could have been filmed in another country?
Since a serious and business person has the opportunity to travel on his own or business issues in different countries.
Do you know what the presumption of innocence is?
A person is presumed innocent until proven guilty of a crime committed in the manner prescribed by law.
The fact that this person does not exist is just your thoughts and fantasies. You shouldn’t give it out as a fact.
The fact that a person does not have an Australian accent is not an indicator that he does not exist.
Regarding the regulator and company documentation. ASIC is the main regulator in Australia, which controls the activities of all financial markets, companies and private enterprises.
ASIC controls any remittances related to sales, investment, pension and deposit funds.
People should only rely on your vision that ASIC registration is meaningless. Since this is your subjective opinion, which is not supported by any weighty arguments or facts. Right? That looks hilarious.
Again, why did you revise my previous post? (Ozedit: derails removed)
Nobody said anything about living in Australia.
If you’re going to pretend to have a fictional CEO running an Australian shell company though, at least you can put some effort into your staged Boris CEO video.
When you’re at the very least committing securities fraud, and in all likelihood a full-blown Ponzi scheme, you don’t get the presumption of innocence.
Feel free to prove Brandon Watts is an actual person with a verifiable history outside of Beurax’s staged marketing videos.
Cool. Beurax has no business operations in Australia, nor is it an active market they solicit investment in (Alexa).
Nor has Beurax filed any audited financial reports with ASIC, so as stated in the review, Beurax registering a shell company with ASIC is meaningless.
Outside of Australia Beurax commits securities fraud, namely in the US and Canada. MLM + securities fraud = Ponzi scheme.
None of this is opinion, it’s 100% fact.
Because derails = spam-bin. Wacky conspiracy theories pushed to detract from the fact Beurax is a Ponzi scheme and Brandon Watts is a Boris CEO won’t fly here.
But not understandable how he came by the name Brandon Watts. What particular reason does he have to hide his original Hungarian name?
It’s also very strange that the video with Mr. Watts has disappeared from Beurax’s Youtube account, after the oddity of his definitely non-Australian car and his definitely non-Australian accent was pointed out.
Only Ms. Susan Pope is left. Perhaps you could explain to us why she shares one curious characteristic with Mr. Watts: the combination of a very Anglosaxon name with a very thick Eastern European accent.
Mr. Watts’s disappearance from view is especially strange since he’s the company’s sole shareholder, sole director, and secretary. At least according to a document on the website, which he signed as chairperson of the first meeting of directors and initial members – IOW, himself again.
So essentially, he is the company. Yet that document appears to be the only place his name (or indeed anyone’s name) appears on the website.
Do they pay or not? that’s all that matters…
have you invested not gotten paid? If no you can’t say what your saying… cuz ik crypto300 does not pay because I invested… I’m going to try and put 20$ in.
Ponzi schemes “pay” as long as dumbasses such as yourself keep investing in them.
Not true crypto300 was one and it didn’t even pay I only put $10 in and if you can’t afford to lose $10 or $20 you have another problem.
Crypto300 collapsed because dumbasses like yourself stopped investing in it. QED.
Tyren is a professional victim in the making. brilliant.
Someone sent me a link to this scam and when I went to it to investigate it, the website came back with a 404 error. I imagine beurax.com is gone.
Not even twelve hours ago Beurax posted a fake rented office video to their YT channel – youtube.com/watch?v=RdRl06YcEVk
Did you hear comrade, it’s in KanBEAR-ah! Also we have to watch out for Beurax’s kompee-titors. Spies, spies everywhere!
And just like that, Tom and Tyren’s money is gone. Not really sorry for their losses tbh.
So I just heard that they have removed the USA from the country registration list a couple of days ago, and so-called leaders are telling their American flock to use a VPN to access their account. That was fast, haha!
Next, there will be delayed withdrawals requiring KYC documents when the contract due dates are up, or they will blame withdrawal delays on the crazy volatility of BTC right now!
And when American members will have to prove that they really live in Canada, Europe or Asia via KYC to process their withdrawals, the game is up! Classic playbook ponzi scheme!
The countdown clock has begun folks! Sad because so many known leaders in the USA and UK direct selling space (Larry Lane, Gary Wood, Sally Darling, Cindy Gennetti, Lori Petrosino, Fraser Douther, Robert Matias, Bernard Shelly, Tony Torres, Paulo Barroso, Jerimiah Gunn, etc.) are pimping this one real hard!
Even sadder is the fact that many unsuspecting people they are recruiting into this scam are thinking they will be multi-millionaires this time next year.
Oh well…who was it again that said “A fool and his money are soon parted?”
Currently 69% of visitors to Beurax’s website are from the US (lololol).
Sounds like the only thing Beurax removed was people from their money. Working as intended.
The website is still there for me.
That she starts out by getting the pronunciation of Canberra wrong is indeed comedy gold. Also note that in CanBERRa (that place in Australia where cars drive on the right), they use Cyrillic keyboards (the first one is clearly visible is at 2:30, and there’s a couple more further on).
The encounter with Brandon Watts later on is also hugely entertaining. Yes, that’s definitely how it sounds when two Australians called Brandon Watts and Susan Pope have a conversation.
I’m glad to see Brandon Watts is alive and well, though, and hasn’t been disappeared along with his interview video.
Did anyone actually put in 20$ so people can know if its a scam or not cuz yall opinions dont mean shhh.
Where are the facts and proof …And the people that was in the U.S they got their money sent back to them the same day. You cant arrest someone for a murder with no proof.
I agree opinions mean “ssh”. Beurax’s business model makes it a Ponzi scheme. That’s 100% fact.
Scammers getting in early and stealing money from people who invested after them is further evidence of fraud.
Unfortunately it’s unlikely the SEC will go after the Euro scammers behind Beurax.
These little EU Boris CEO Ponzi schemes come along, scam people out of their money and then collapse in a few months. Not worth the regulatory effort unless they grow out of control.
I don’t see anything about this that points to involvement from anyone from the EU.
This looks and sounds like yet another Russian (or just maybe Ukrainian or Belorusian) operation. There seems to be a production line of those.
If you actually have some information that points to an EU origin, then you’d automatically have narrowed it down to just Bulgaria.
That’s the only EU country where they use the Cyrillic alphabet, as these scammers do.
Sorry I was using EU as shorthand for Europe. I forgot it’s an actual acronym for the union :D.
Weeeell, the Brandon Watts Boris CEO video is gone.
I’ve just done a quick check on the servers that is used by Beurax. It’s the same server that is used by Wiseling, Stocksons and tens of other investment sites.
Funny that!
It actually shows it was registered 16th june 2020
who.is/whois/beurax.com
Huh, that’s odd. I wonder where I pulled the Sep 2016 date from. Seems oddly specific for a typo.
Anyway whether I read the date wrong or it changed, thanks for catching that.
I know of someone who put 20k into this programme, waiting to hear from him what the outcome is/was.
I’ll save you some time, unless he recruited his balls off he lost money.
ppl calling this a ponzi above are just sad ppl probably the same ppl who said cashfx would end 2 months in..
16 months later they have all gone quiet i wodner why.. you all just scream out for desperate attention oh look at me im always right.
aint you got anything better to do than post negative crap all the time on genuine companies?
these guys are licensed in australia plain and simple any wrong doing they go to jail for starters.
theres a video online of a guy who visited that so called address and he was greeted on the 8th floor by susan pope and the office is full of beurax employees.. this guy wasnt even invited or knew he was coming.
Ponzi schemes like CashFX Group and Beurax collapse when new investor funds run dry. Whether this takes 2 months, 2 years or longer is irrelevant for the purpose of due-diligence.
Publishing factual reviews that trigger butthurt scammers is a pet project of mine. Endless entertainment.
It’s a shell registration, no audited financial reports have been filed and Australia is a joke securities jurisdiction.
Not withstanding, if you’re investing from outside Australia then the ASIC registration is meaningless anyway.
Social media staged marketing videos aren’t a substitute for registering with financial regulators and providing legally required audited financial reports. Sorry for your loss.
I can’t get enough of your sense of ironic humor, Oz!
It’s not even staged. The post states the following:
By that he must mean a YouTube video from a Beurax peddler titled “Does Beurax really have offices in Australia?”.
Nothing there is staged. There isn’t so much as a glimpse of a building, or an office, or a Beurax employee.
All there is is a guy, sitting in his car, who just happens to be the upline of the guy who put up the video, who claims he just happens to be an airline pilot (with a sideline in MLM schemes – obviously, airline pilots make so little money they all need a second income), who just happened to be in Canberra “on a private flight”, and who took that opportunity to go and see the Beurax offices on the 7th floor of 121 Marcus Clarke St, Canberra.
There, he claims to have met both “Susan Pope” and “Brandon Watts”. Which is remarkable, since Beurax is supposed to be on the 8th floor.
That’s it. There’s nothing except a phone video of this guy talking, claiming he met these people, on the wrong floor.
Which he does with a thick accent extremely similar to the one both “Brandon Watts” and “Susan Pope” have, so he must have felt right at home chatting with them.
Meanwhile, in the non-scam world, there’s no mystery about what is on that 8th floor: it’s a Regus location.
So Beurax is a major “financial company offering a wide range of private and corporate asset management services”, operating worldwide, with 217 full-time employees and more freelancers – and they haven’t got an office of their own, they cram all those people into some Regus shared office space.
And in Canberra, located far away from the rest of the Australian financial sector. The fake location must have been chosen by someone completely unfamiliar with Australia, who just assumed that the political capital of a country must also be the financial one.
Anyone claiming to have flown into Australia is full of shit. The country has been on international lockdown since early 2020 – well before Beurax launched.
Citizens and permanent residents are having a hard enough time getting back. Nobody waltzed in from overseas to pay a visit to a non-existent office in Canberra.
I have to say I did invest. I thought it sounded too good to be true and it probably is. My friend who got me in says he’s making $3500 a day. I have yet to see exactly how he is doing that.
My investment is $400 and I can afford to lose that if it came down to that. I will pull out my investment at the end of the 20 days. Jan 7th will be my 20th day. So the 8th I will cash out.
We will see if I can get it back out and into my crypto wallet. As you say here there are a lot of red flags I neglected to care tho.
I will leave the $112 dollars in and see how that rolls out. such a small investment won’t pay much but if I can earn some crypto from it i’ll take it! lol
cheers!
He’s not. Monopoly money in his Beurax backoffice doesn’t exist.
Just so we’re clear, you’re not “earning” anything. All you’re doing is stealing money from people who invest after you.
Just like your “friend” stole your money when you invested.
Oh, come on – that means he claims to be earning $1,277,500 a year.
And you believe him??
Hi everyone, .. today is Dec. 19th and I am wondering, .. is Beurax paying or not? It is a good platform to invest my Ethereum or is not? ..
I am not sure, I don’t want to lose my money.
Thank you for your Wise comments.
The math behind Ponzi schemes guarantees the majority of investors lose money.
Whether Beurax is paying today or not is irrelevant.
But his office exists.
Well yeah, physically the office Beurax rented to make its marketing videos exists.
Not as represented in the Boris CEO videos though.
One or more offices do indeed exist in which the Beurax videos were made.
Office space also exists on the 8th floor at 121 Marcus Clarke St, Canberra, Australia, which Beurax claims as its headquarters.
One can see pictures of that 8th floor here:
regus.com/en-gb/australia/canberra/121-marcus-clarke-street-5147
Notice how it doesn’t like anything like the location shown in the Beurax videos.
That’s because it’s a Regus location, where one can rent a “virtual office”, what used to be known less glamourously as a mail drop, or in the UK politely as an “accommodation address”. IOW, they just forward any mail sent there, and can also provide a fake phone number which just forwards, to wherever in the world you want, but makes it seems like you’re in Australia (cost starts at about US$ 85 a month).
It’s also pretty hard to explain why an Australian company would use Russian keyboards in its offices in Canberra, as can be clearly seen in the Beurax videos.
Simple explanation: they’re in “kan-BEAR-uh,” so clearly their keyboards would be of Russian “Bear” variety.
Did anyone commenting here really stepped their feet into their office and check whether they exist or not?
Don’t tell me there is no one here commenting from Canberra.. If yes please update us.. If they do exist then this will be a good platform for all of us to make money.
The office exists as rented office space. Australia has been in international lockdown since early last year though, so the marketing videos are fabricated.
They’d be fabricated anyway as that’s how Boris CEO scammers roll.
Meanwhile you’re hinging the legitimacy of Beurax on whether they have an office or not. Herp derp. Beurax is fraudulent because it’s a Ponzi scheme.
Having an office doesn’t legitimize financial fraud.
OZ while you are bitching calling it a scam i got paid profit and my deposit back…let me guess you think cashfx and qubittech is a scam too…
your statements dont mean shit you dont have no proof but i have proof of getting paid everyday and support is helpful.
Your due-diligence is based on whether you’re able to steal money from people through scams. In other words, you’re a garbage human being.
These reviews aren’t for scammers such as yourself, they’re for anyone with half a brain.
That said we’ll still be here when long-term you lose out to bigger scammers and want to have a cry.
Hugh Paul Ward back on the scene promoting this scam.
youtube.com/watch?v=4IXfpeU8Jsk
This looks like a “well designed” ponzi in that it allows people to invest in different made up packs such as “commodities”
I suspect these fraudsters will take a LOT of money from greedy immoral suckers.
Hi everyone,
I just joined Beurax a month ago and things looked right. Large group in the telegram with great testimonials and marketing leaders are promoting this big time.
Now I came across this websites and now I’m starting to doubt beurax very much.
What I would like to understand is Beurax trading history on their website. What do you think about this guys?
Here is the link of their trading history. Can you share some thoughts about this please?
(Ozedit: link to Beurax’s website removed)
1. A trading history is not evidence of external revenue being used to pay returns.
2. There is no substitute for operating legally by registering with financial regulators and providing audited financial reports.
Bravo to all who slate this company.
I have proven results, deposits made. Withdrawals made etc
I also have documentation including registration documents and an equifax credit report.
I have been nothing but impressed by their technology, instant financial transactions and security.
Sick and tired of hearing all the negative press around this company.
I have personal experience not just hearsay to call upon should anyone like to discuss is properly.
Which means nothing.
Which means nothing.
Which… you guessed it, also means nothing.
Say it with me:
There is no substitute for registering with financial regulators and providing audited financial reports.
Ponzi schemes do that too. Bernie did it for over a decade.
Are you qualified to authenticate and interpret them? Bernie had those too.
Are you qualified to neutrally evaluate such technology you are so impressed with? Nope, you wouldn’t know if you’ve been hoodwinked. There were plenty of bogus tech around. Why, there was one of those that promised to mine Bitcoins with perpetual motion machines! (I was not joking)
Sick and tired of people who think what they know they’re talking about, when they are in the Matrix, and have never seen “real world”. When they actually see it (realized they’ve been scammed), their reaction was to find a DIFFERENT scheme to join.
I recommend watching CoffeeZilla on Youtube. He has a knack of cutting to the chase, and he got Mark Nishiyama to basically admit that he’s addicted to HYIPs and cryptoscams like OneCoin, and he’s still picking one after another even as each burned him, time and time again, yet he’s STILL going.
youtube.com/watch?v=rTPUQHPMLks&t=466s
They do pay out. A friend recruited me and I found this site doing research.
She started at the end of Nov and has pulled out $60k USD profit so far in under 2 months. Affiliate / MLM does not necessarily mean a Ponzi scheme.
If they are not doing investing, then yes, it would be a Ponzi. That’s what I can’t tell and am trying to find out.
Legitimate investment opportunities register with financial regulators and provide audited financial reports.
MLM + securities fraud = Ponzi scheme.
Of course they “pay out” at least initially.
It would be a pretty pointless scam if they just took your money and didn’t “pay out” something initially, wouldn’t it ?
So how do you think she earned that $60k? By recruiting you, and others of course.
How many people are you planning to scam yourself?
Come on folks! Since when do you make money without having to work for it!
Ask any educated finacial adviser about this and they will laugh you out of the room!
At least all other MLM’s have a product that they push and you have to work your butt off to recruit and sell the product. This thing is a “no work ethic” scheme.
I don’t know about you, but I work hard for my money! I wish you all the best and hope you don’t lose all that money that you worked hard to invest in this fraudulent get rich quick scheme!
Wait wait wait wait…
You have the $100 registration documents. And the ponzi money paid out from other depositors like yourself…
But no actual audited financials which is by law required for any business making more than 100k a year in any sensible country…
And you are impressed.
Holeeeeeee crap the bar is set very low nowadays for what’s impressive.
ASIC has a few loopholes when it comes to being audited, and also only require them after 16months (12 + 4 till you are late) so just a registration is pretty worthless.
Why yes, glad you are aware of the multiple ponzis out there,that certainly means you are at least a semi-astute observer.
You’re waving a bank-robber’s bank statements as proof of legitimate earnings, congrats – you’ve got proof of every ponzi scheme in existence.
Sure the money is real, the source is not. But hey keep on robbing those suckers that join after you while the rest of us honest folk keep pointing out the scams,and wait for each of them to collapse with glee.
Hey guys, just a quick question. What is the ABN For this company?
Their office does exist. My uncle has gone to Canberra and have seen them.
Best recommendation ever. I’ve been laughing for a while now. Thanks!
Your uncle wouldn’t happen to be trying to recruit you into Beurax would he?
The office in Canberra exists. It’s owned by Regus and anyone can hire it out.
Beurax has no physical presence in Australia, they’re Russian scammers.
No ABN number is popping up
I’m going to start rating Ponzi-quality between 1 and 10,1 being hand-written fliers at traffic lights promising millions and 10 being Onecoin.
Beurax i’d put at a solid 4/10 on the Ponzi-quality.
There are rented offices,hired actors on the youtubes,but no history or constant updates from staff.
Everything else aside, Beurax is already failing of its’ own accord
Its’ Facebook pages are havens for serial ponzi “players” with very few non player members.
As with all ponzi / pyramids, no new members = no new money = certain implosion.
The fraudsters have introduced multiple new “opportunities” in an attempt to generate at least SOME interest.
Members are being offered Beaurax, Wizeling and Onward Capital from within the same “stable” while the Facebook forums have degenerated into little more than ponzi player bulletin boards.
No way is OneCoin the 10 on the scale. It was an obvious Ponzi from the beginning and was called out by Oz among others.
10 should be reserved for the likes of Madoff. Scams which didn’t just take in a lot of money, but simulate a real business so convincingly that if you accused them of being a scam, they could sue you and win. (Maybe not in a US court, that’s setting the bar too high.)
I would give OneCoin an 8, and that’s with a bonus point for intimidating the UK’s Financial Conduct Authority into removing their scam warning. But the scam made no real attempt to conceal its Ponzi nature.
I count the 10 closer to devout belief and successfully pulling as much as it did, while being an obvious ponzi, and yes the FCA does give it some extra clout. Madoff was boring comparatively.
Well, it’s your scale. Personally I think any “Ponzi-quality” scale which doesn’t give the biggest, most long-lived, and most scrutiny-resistant Ponzi scheme in history a “10” needs recalibration.
The ideal Ponzi (a theoretical concept like an ideal gas) would last forever because no-one would ever ask for their money back. In a theoretical context this is actually possible because if you were convincing enough, the investors would be happy to carry on watching their money multiply, instead of trying to withdraw. (Why would you take out money that’s going to double within a month?)
In practice this is impossible because no matter how happy the investors are watching their Monopoly money go up, eventually they’ll want to withdraw it to buy their 40-foot gold catamaran.
I can see your point that Madoff’s scheme was boring – it went on for so long partly because the victims were so mega-rich that they very rarely needed to withdraw funds, compared to your typical Ponzi victim who is skint and needs every penny they can lay their hands on. So it didn’t inspire the same devout belief as OneCoin.
However, that same quality makes it the closest we’ve come to the theoretical ideal Ponzi.
Unless I’m wrong, Madoff’s ponzi was not an MLM scam paying commissions out to participants recruiting new dupes.
I put them in completely different categories and give them both high rankings in each.
I’m getting a lot of invites to join this lot of late after several months of not hearing from any other such “opportunity”.
I had to revisit my books to check what the red flags are and Beurax very clearly have a few of them.
Beurax claimed product is a Bot for crypto currency trading. They have their own platform where you deposit the money. That to me is the biggest red flag going.
If I was to have faith in a Bot I would want to at least use my own broker where I have access to my money without the possibility of its getting cut off.
Then I would want some sort if Independent monitoring of its performance. Something like MyForex and NOT the Bot own website where it could be manipulated.
As I said I’ve not heard of such an opportunity for quite a while but it does feel like Da Ja Vu with this one.
For the bot trader, there is the ANTARES platform also with reports and testimonials as proof so I have no doubt that Beurax is based on the ponzi.
hey there,
Great review.
I have a question though and it concerns the ROI.
It says:
Where does the 121% coming from? Shouldn’t it be just 21%?
Thank in advance
Ponzi convention is to display returns as a whole percentage of what you steal, not just the return itself.
This assumes your money is stolen the moment you hand it over. I go with the flow.
You understand beaurax is an extension of bitcoin right? (Ozedit: whacky conspiracy theories removed)
Recruiting is also optional and not a requirement.
Gregory Perdriel and Paulo Barroso are pimping this. They jump from one scam to another.
I hope these low life thieves go down and have to pay back the money they are stealing. Low life scum bags.
Bitcoin is a cryptocurrency. Beurax is a Ponzi scheme.
MaDoFf DiDn’T rUn A pOnZi BeCaUsE iT wAs An ExTeNsIoN oF uSd!
Idiotic logic is idiotic.
And? An MLM company with zero retail sales is a pyramid scheme.
But Oz, the pyramid scheme is also optional.
And it’s not a requirement.
(The preceding two statements were brought to you by the Department of Redundancy Department.)
This was posted in one of my FB groups recently.
It took us three minutes to shred the scheme and expose its nonsense.
And my hand smacking my forehead at your stupidity is an extension of my foot.
Oz, I cant say enough thank you for this. A friend told me about this Company last night, also listened to the presentation.
I had a feeling it was some type of scheme. It was just too good to be true. I guess my Forex trading instinct kicked in.
I am going to chew my friend real hard for the blatant disrespect of trying to get me into a Ponzi scheme.
Who hurt you OZ?
It’s cool that you are giving people heads up of what you believe to be true. And then people can take what they want from that.
I don’t know how you get off calling people scammers and garbage humans for investing their own money and waiting for a profit return. That’s not scamming. That’s investing money. And if they lose it. Well that’s their problem.
Sure if they know it’s a scam and are recruiting people. They are scammers. But that’s not the situation with these people your calling out here.
Let people throw their money away if they want. Their loss. Not yours ♀️
Facts are by definition true. It is a fact that Beurax is a Ponzi scheme.
Stealing money through Ponzi schemes makes you a scammer. Own what you are.
Ponzi scheme or not, had any of us deposited money with them when this was written (Nov 2020), even at their lowest product option (1.4% daily)…you would have a very, very respectable lump of profit by now.
They are still going strong and paying out.
Well, this one (Beurax) got me good. I guess my desire for riches overrid(sp?) my ensuring a company was sound and legit…
I signed up and put in a small amount in the grand scheme of things (about 1 eth and around .005 BTC) before i saw the light and realized it was what appears to be a scam.
I will take my moneys and profits(?) but i wont be recruiting as i had planned on doing before. It is insane how the top teams have around 48K active partners below them now, James D shows how he has made 7 Figures since sept 2020, it is insane and infuriating!
Also, i do have the Boris CEO video saved OZ if you wanted it!
Many are reporting withdrawals have slowed and been delayed and stopped. Money is running out to pay the returns.
Some Have invested over $100,000 and are waiting for their return which won’t happen with the exit scam similar to bitconnect cloud token USI Tech.
I’m sure many have also become scared because of what happened with Wiseling, and are trying to withdraw.
And we know what happens to a ponzi when too many people want to withdraw..
I have alerted SCam Watch to this company through the ACCC.
There is nothing on their radar so far. Anyone can register a company with Assic so that says nothing that they are registered.
I was recommended this company and obviously i am doing due dilligence to find out of the ATO and off ACCC all information before i invest.
Also i will post any relevent information from governing bodies here in Australia.
The fact that they have NO PHONE NUMBER is a massive red flag!
Unlike the USA you can’t purchase a fake Australian Number here in this country. So the fact that they don’t have one is a HUGE RED FLAG.
Again i am investigating this company with all the connections i have personally with family and friends who work for the ATO and for various government departments and i will update this thread as soon as i hear back from them.
I have been scammed by Ponzi schemes before.
YES they pay out and you end up making money but they all eventually come CRASHING DOWN.
if you are stupid enough to think a small investment will pay out and it works then you get greedy put in more money you will only LOSE IT ALL.
All Banks in Australia have also BANNED the purchase of Crypto from their credit and debit cards EVEN from Bitcoin.com. Its part of VISA Australia Fraud patrol.
So Crypto company that is legit in Australia is HIGHLY HIGHLY unlikely and i very much doubt if anything i have alerted authorities in the event of preventing anyone from losing money.
So i am sure they will end up on the ACCC – Scam Watch page shortly.
Again i will update this thread as soon as i have more Time and info.
Remember – they always pay out….. tempt you into putting in more then they collapse leaving you broke!
@Ken
Yeah see, some of us aren’t garbage human beings. Do better.
All good. We need to come up with a female Boris CEO equivalent though. Any ideas?
edit: Apparently it’s Borbála. Yeah, think I’ll just stick with Boris 😀
From this day forth “Boris CEO” shall be gender neutral.
^ I vote for Tatyana. Boris and Tatyana.. How about that? 😀
Tatyana CEO… yeah hmm, just doesn’t have the ring.
Today Beurax collapsed and its Tatyana CEO deleted her social media profiles.
Boris CEO has that tongue in cheek feel to it. Tatyana CEO sounds like it might be an actual person!
It’s a nice name though. I was hoping for Borisina or something simple to be a thing 🙁
I’d vote Yelena for female Boris.
If anyone else wants the link to the Australian government to report these scammers it is here: scamwatch.gov.au/report-a-scam
Thank you @Claire for the tip. For quick reference their ACN is 643 681 654 — Let’s get the AU gov to do something! Report!
I think the true founder on this one is Paolo Beringuel, a Filipino Scam artist living in australia.
Did you see the BER? in his last name? Thats how he created it and put fake picture of a guy as founder.
He is a youtuber promoting Easy1 up, clickbank, multi income funnels and textbot. Check his sites. A scammer and fraudster.
Never put any money on any “making money online” he is promoting.
Beurax has all the hallmarks of a Russian/Ukranian scam. I’d be very surprised if some random in Australia was behind it.
If you’re fond of Bullwinkle, the female Boris would obviously be Natasha.
Or you could take a cue from the movie True Lies and use Doris.
Hmm Tasha.
Touché!
Your bias is showing. It’s no different than Fox News or CNN. But the difference here is that you’re making up “what you believe” without facts.
From the beginning, you accused the “founder” of being an actor but you didn’t prove it.
A real journalist would have done some investigating and found the actor – and then, tied them together for the proof.
You didn’t do that so that could be the CEO or it could not be. So that instantly tells me that your review is untrustworthy and you have an agenda.
Congrats John on being what can be best described as a “Qualified Idiot in a clown parade”, you couldn’t even be arsed to read the new articles showing the CEO and CMO to be Russian actors
Regarding the proof, the onus is on the business to prove it runs legitimately, but since they are scammers they won’t bother to do that.
But sure you go right ahead and donate your money to unknown Russian scammers hiring actors to be their C-level Execs, that seems like a legitimate way to do business and totally won’t end badly for you.
Once again – congrats on literally being the dumbest fart in the fart can 10/10 performance.
@John
Brandon Watts and Susan Pope were obvious Boris CEOs. I’m not even going to fall back on my eleven years experience covering the MLM industry, because any dolt with half a brain cell could have called it.
Then there’s you.
Lets not pretend you give a flying fuck about facts.
Beurax is committing securities fraud and MLM + securities fraud = Ponzi scheme.
These are the most important facts you and scammers like you willfully ignore.
The fuck out of here with your posturing about “rEaL jOuRnAlIsM” and agendas.
After Oz being right for the umpteenth time about a scam..
– “but but real journalist would have..and you are so biased!!”
LOL.
My favourite quote from every cultist: Why did you publish such misinformation, did you speak to the CEO on Telegram?
He’ll answer all your questions, he’s very transparent and honest and can help you understand the complexity of the business.
Here’s a Youtube video with all the info you need in the meantime /spam shill link ensues/.
Looks like Beurax is cooked. No withdrawals until April 1st as per “Susan Pope.”
Oh, but referral bonuses are doubled for the next month! Lol.
I beg to differ with your math, there, Fin. It’s more like the umpteen-kuh-jillionth time.
Give or take a few grillion…
…and one week after…
Ken seems to be one of those who know!
The bUt I’m GeTtInG pAiD! crowd all know they’re participating in Ponzi schemes.
The problem is they’re too morally bankrupt to care.
John, Oz have published articles about Susan Pope and Brandon Watts being actors before you wrote you stupid comment nr. 1 – see the links and the dates of these articles:
https://behindmlm.com/companies/beurax-ceo-brandon-watts-is-a-russian-model/
https://behindmlm.com/companies/beuraxs-cmo-susan-pope-a-russian-actor-from-moscow/
Your comment is number 1 on the scale of stupidity, because you’ve defended Beurax at the day one of “officially” announced collapse.
https://behindmlm.com/companies/beurax-collapses-after-executives-outed-as-actors/
What exactly is untrustworthy in the review?
Oz’s agenda is to disclose scams and he is pretty good at it. This review is not an exemption. Got it? The lesson learnt?
Oh, you don’t bother to come back, I guess.
I assumed John was being ironic! He isn’t? Wow!
Yes. I invested. My first (and last) experience with a ponzi, I hope.
I’m genuinely sorry if my first post here encouraged anyone to put money into this.
Respect for having the decency to own up to it.
As you can see above, many of your fellow Beurax investors don’t dare return.
I find it difficult to believe that a company that is registered with ASIC is not being investigated yet your accusations are baseless no proof or evidence whatsoever..
Many foreign people drive left hand cars on Australian roads it’s not illegal yet you claim this to be your smoking gun.. get a life you looser.
ASIC registration means dick. You can register any shell company you want will any old bullshit details, and at best ASIC might deregister the company in 20-25 years.
OK I’m slightly exagerating.
There is no smoking gun. Beurax is a Ponzi scheme because of its business model.
Spelling aside, that’s cute. Sorry for your loss.
ASIC registration isn’t a silver bullet,they are only liable to even START deregistering a business after ~18months so it’s pretty much not applicable
You seem confused. The actors and payment issues aren’t smoking gun enough?
I’ll put money you either suffer from mental-deficits, or you are a scammer-groupie enjoying some Beurax-loving
The website and YouTube channel is down, I lost my investment, I wish I saw this before putting my saving there.