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.
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