BizzTrade Review: BizzTrek doubles down with forex fraud
BizzTrek launched earlier this year and is operated by co-founders Rehan Gohar, Rizwan Gohar (brothers) and Gurpreet Dhaliwal.
The company is based out of the UK and its business model combined pyramid recruitment with an irrelevant ecommerce platform.
Here’s how it went:
By late May BizzTrek was kaput. And that was that for a few months.
Now BizzTrek is back with a new name and business model; BizzTrade.
Read on for a full review of BizzTrade’s MLM opportunity.
BizzTrade’s Products
BizzTrade has no retailable products or services, with affiliates only able to market BizzTrade affiliate membership itself.
BizzTrade affiliate membership provides access to “forex education”.
BizzTrade’s Compensation Plan
BizzTrade affiliates invest €50 to €10,000 EUR on the promise of advertised returns.
- Starter – invest €50 EUR and receive up to 0.4% a day
- Pro Starter – invest €100 EUR and receive up to 0.4% a day
- Business – invest €500 EUR and receive up to 0.6% a day
- Pro Business – invest €1000 EUR and receive up to 0.6% a day
- Trader – invest €5000 EUR and receive up to 0.8% a day
- Pro Trader – invest €10,000 EUR and receive up to 0.8% a day
Returns are paid up till 400%, after which reinvestment is required to continue to earn.
Recruitment Commissions
BizzTrade affiliates receive 10% of funds invested by personally recruited affiliates.
Residual Commissions
BizzTrade pays 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.
BizzTrade tallies up new investment volume on both sides of the binary team.
Affiliates are paid 8% to 10% of funds invested on their weaker binary team side.
- Starter and Pro Starter tier affiliates earn an 8% residual commission rate
- Business and Pro Business tier affiliates earn a 9% residual commission rate
- Trader and Pro Trader tier affiliates earn a 10% residual commission rate
Once funds are paid out on they are matched on the stronger binary team side and flushed.
Any leftover volume on the stronger binary team side is carried over.
Note that BizzTrade don’t specify whether residual commissions are paid daily or weekly.
Matching Bonus
BizzTrade pays a Matching Bonus on residual commissions earned by downline affiliates.
The Matching Bonus is paid out down two levels of recruitment as follows:
- 10% match on level 1 (personally recruited affiliates)
- 5% match on level 2
Note that only Trader and Pro Trader tier affiliates qualify for the Matching Bonus.
Rank Achievement Bonuses
BizzTrade rewards affiliates for generating investment volume with Rank Achievement Bonuses.
BizzTrade affiliate ranks are based on point acquisition.
For each €50 EUR in investment volume matched on both sides of the binary team, BizzTrade affiliates receive 1 point.
For the purpose of rank qualification, points appear to be accumulative.
- Regional Director – generate 900 points and receive an “luxury international holiday”
- Special Offer – generate 2000 points and receive a “Honda car or equivalent”
- Regional President – generate 9000 points and receive a “BMW car or equivalent”
- Executive President – generate 21,000 points and receive a “Porsche car or equivalent”
Joining BizzTrade
BizzTrade affiliate membership is €10 EUR plus a €50 to €10,000 EUR investment.
The more a BizzTrade affiliate invests the higher their income potential.
Conclusion
BizzTrade sees BizzTrek offer up a 400% ROI passive investment opportunity.
The company represents returns are generated via forex trading.
The above FCA registration number corresponds with Infinox Capital Limited. Which is great for them, but has nothing to do with BizzTrade’s passive investment opportunity.
With respect to MLM regulation, passive investment opportunities constitute securities offerings.
This requires any MLM company offering a passive investment opportunity to register with financial regulators.
Neither BizzTrek or BizzTrade are registered to offer securities in the UK or anywhere else in the world.
This means that irrespective of anything else, BizzTrade is operating illegally.
One important aspect of regulatory registration is the requirement that an MLM company provide evidence it is doing what it says it’s doing.
In this case; paying affiliate returns with actual trading revenue. Oh and some virtual shares nonsense offering:
The only reason an MLM company would forgo regulatory filings and instead opt to operate illegally, is if they aren’t doing what they represent they’re doing.
As it stands the only verifiable source of revenue entering BizzTrade is new investment.
The company already uses these funds to pay pyramid scheme commissions (BizzTrade has no retail component), so it’s not much of a stretch for returns to also be paid out of invested funds.
The recycling of newly invested funds to pay existing affiliates a 400% ROI would make BizzTrade a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve BizzTrade of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
If you want a real world evidence of recruitment-based losses, look no further than BizzTrek’s failed MLM opportunity.
Update 4th May 2020 – In a move to likely fend off a pending collapse, BizzTrade has switched to cryptocurrency fraud.
Update 5th January 2022 – BizzTrade’s first BizzCoin crypto Ponzi scheme has collapsed.
BizzTrade has rebooted as BizzTradePro. The Ponzi scheme is now run through BizzCoinPro, a reboot of BizzCoin.
Update 24th August 2022 – BizzTradePro has collapsed. Around April 2022 the Ponzi scheme was once again rebooted as NextGen Academy.
These crooks were behind a company in the UK called Lifetree that ripped off 1000’s of people and went down for a load of money (see Companies House).
They had a well known so called leader fronting it here Beth Robinson now now called Brannan who now fronts Valentus another crooked company that were in trouble in the UK.
About time these crooks were locked up!
The following web link provides DETAILED information about their shady history including criminal convictions for Rizwan Gohar
botwatch.blog/2016/07/17/no-lifetree-world-that-is-wrong/
These guys heavily promoted another ponzi schem Coinspace to thousand of investor, as well as stilling money directly from investor by given worthless credit from their back office.
MLM people who trust this kind of people should learn a bit of google search to find how shady and cold heart these people are. They simply move from one ponzi to the next ponzi on the expense of people who desperate to make some extra income.
The European country sucks when it come to put this ponzi promoter behind bar. Time somebody to teach these ponzi prostitute a lesson.
Ah yes the ponzi specialists. You only need dead behind the eyes Beth Brannan to head it up for the UK and it literally would be history repeating itself, although she’s far to bust with her valentus speed coffee pyramid now.
Ah they are here in Dallas taxes make fool lots of people.
please try to stop these kinds of people because i saw in my eye the people go in the seminar.
working in gas station an they are making hard earn money an these people just make fool.
I went to meeting last night to see product. I said do we have a contract with the company. (No)
I said we are buying education packages? They last for 52 months and you get your money back? $75, $125, $500, $1000, $5000, $10,000 increments. (Perhaps?)
They say they are successful FX traders and use AI. Okay, where are the pictures of their organization?
Back office is just like all MLM offerings. I have seen sooooooo many go BK. Just another scam.
This is spreading all over Houston, TX. I think we will see a falling out when the money runs out. Give out more than taking in. I will not join.
Hi,
I’m a member of Bizztrek, first of all they offer numerous products alongside Bizztrade, for example, Domestic & Commerical has and electricity, Home,car,Travel insurance on board shortly, cashback cards for stores such as, Asda,Sainsbury’s Primark hundreds, they have their own Mastercard and Visa cards.
In relation to the bizztrade it’s an additional product of bizztrek you don’t have to become a member you can simply use bizztrade to save you money.
I’ve been a member for 4 months nothing but great the company is completely transparent as well as offices In B’hamwhich you can simply go in and talk face to face with the CEO’s.
I’m sure of a scam when I see one and trust me this isn’t one. Load of lies here if I’m honest.
None of which have anything to do with BizzTrade’s forex fraud. Red herring much?
Which also has nothing to do with BizzTrade’s forex fraud. You can’t legitimize financial fraud via association.
Feel free to provide evidence of BizzTrade having registered itself with financial regulators in every jurisdiction it solicits investment in. Along with audited financial reports verifying external revenue being actually used to pay BizzTrade investors.
Asda and Sainsbury’s both have their own loyalty cards, and also offer combined cashback/credit cards (hardly surprising, since they both have their own banks).
Sainsbury’s Nectar loyalty card scheme also includes a lot of other retailers. You can get them at any of their stores, or online. How does BizzTrek figure into any of this?
If there are cashback cards for shopping at Primark, Primark itself doesn’t seem to know about them. I’d love an explanation for how BizzTrek manages to offer them.
Hi,
Is there any one who can confirm that this bizztrek is scam or useful?
Sure, you can. Do you think forex fraud constitutes a scam?
Heres a very interesting update. Bizztrade use a FX company called Infinox who are based in London. Over xmas, they pulled a £4 million scam taking investors money over xmas/new year and are currently under investigation.
Now if Bizztrade did put people’s money into Infinox….then the shit is about to hit the fan soon and I’m assuming that the top dogs at Bizztrade will point the finger of failure at Infinox.
Read the reviews on Trustpilot and Google…its truly shocking
The serial MLM ponzi promotor Daniel Grenon is apparently CMO (chief marketing officer) for Bizztrade. How many failed schemes has this guy been involved in??
I attended one of their sales pitches. The owners are claiming that they dont need to be regulated by any financial regulator (such as the FCA in the UK) because they are an educational provider (online courses).
So this the so-called “product” they are using to legitimise their pyramid ponzi scheme.
One of the owners Rizwan – is also flying out to Hong Kong in 2 weeks….probably to meet some dodgy bankers to launder the money they have made so far.
Adding “educational products” to a passive investment opportunity doesn’t change its status as a security.
Don’t fall for that pseudo-compliance cliche.
I joined BIZZTRADE, however I am proceeding with cautions.
I invested 100 Euro and was told I would receive a ROI of 400%. Well over all your right. BIZZTRADE cant continue to be a real company because you have to put that money somewhere.
If it takes 1 year for you to make that 400 percent than they would have to pay up when time is due but when no monies is made than there is no money to pay out.
This reminds me of ZEEK REWARDS that was shut down and that company had the same concept as BIZZTRADE.
In away I hope they succeed but I am proceeding and will not put any more money until I see real results.
Matter of fact we were told to stop trading around Dec 2018 and not return until 13 Jan.
Well haven’t seen any e-mail saying welcome back and let hit a new year and everybody start trading.
Still don’t see a registration no for the USA. mmmmmmmmmmmm!
Look did not anyone learn from Bitconnect about 4 years ago, they were robbing Peter to pay Paul. This company is the same.
Yes you’ll make money until the ones at the top hit their magical number and then they will do a exit scam taking your money.
If that doesn’t happen then you good but be cautious, if you spend anything spend what you’re able to lose.
I am a BizzTrade member, I have read and understood the whole system/ compensation plan completely.
Reading above comments only tells me that these people are just trying to steer the shit without knowing all the facts. On all the meetings I attended, BizzTrade has never said that they are FCA regulated or regulated by any authority.
They did said that their Traders are Regulated. They never promised 400% profit, they say that “The maximum anyone can earn from networking and all incomes is 400% of the package amount, where minimum can be zero percent” as the profit is based on real life Forex Market.
Everything written by the person creating this post and commenters is based on fictional guesses without a proof.
BizzTrade is running compliant to the law, otherwise the owners wouldn’t be promoting it openly.
BizzTrade offers a security (passive investment opportunity). Securities in the UK are regulated by the FCA.
It doesn’t matter what a company committing securities fraud does or doesn’t say, it’s operating illegally.
The review never stated they did. Nonetheless, a 400% ROI is advertised.
Nobody is investing in BizzTrade on the representation of a 0% ROI (winkwink, nudgenudge).
You can’t commit securities fraud and be “compliant to the law”. And whether a scam is promoted openly or not is neither here nor there.
UK authorities have a terrible track record when it comes to regulating MLM securities fraud. That doesn’t justify BizzTrade committing fraud.
Stop making excuses for scammers.
Where do they have their meetings? State and City? I would like to know more about the product.
UK from the looks of it. Try not to lose too much.
Oz, I will keep a look out for any events here in the UK.
Usual way of knocking them flying is to let the hotels know they are hosting a business with dubious provenance.
Some lady friends of mine have invited me on 14th March to Millennium Gloucester Hotel, Kensington, London at 6pm to be a an investor in Bizztrade.
They seem to believe the hype, I am doing my research and from what I have read it’s a ponzi scheme, how do I convince them otherwise, they are so convinced.
Not so much a matter of convincing them as demanding audited accounting showing external revenue is being used to pay returns.
Your friends don’t have this proof. If they’re willing to confirm as much yet continue to turn a blind eye to fraud, there’s unfortunately nothing you can do.
I invest a little money in bizztrade, but i think it is scam. Only for the facts that easy money doesn’t exist.
They have a good dealer that with speaking are able to convince you. But it is only fake. Money are not traceable. I want to learn more about this.
If you search on the Internet “BizzTrade” or “Bizz trak” why doesn’t appear nothing about this factory and their seat? i have so many doubts….
I have been a member of Bizztrek and Bizztrade for 5 months now. I gotta say there’s always a lot of hype when a new company comes out, especially after the bad reputation other competitors have built around ( some of them are not in the game anymore).
I personally do a lot of research before “joining a company” for the simple fact that I require to have a good reputation, and also wouldn’t want to represent myself to a bad company.
With that said, I happen to live in Birmingham, where their operational office is based. Before it was in Fort Dunlop, and visits were open to the public, now they moved in Colmore Row (obviously scaling up).
With that said, it’s not easy to make money with Bizztrek/ Bizztrade either.
Bizztrek offer energy and gas supplies, PDQ card processing machines, cashback cards, small medium entrerprises advantages, commercial energy supply, visa prepaid card education and courses to learn stuff.
By the way to can monetize from all these products if you know how to market yourself, there’s never been a guarantee of success from any side. The referral program (1 euro per person referred, directly by you or indirectly from your team, for up to 81000 costumers in total).
It’s quite hard for a company to get approved by VISA to make card terminals, so there must be some good promise.
In order for an opportunity to be a ponzi scheme there should be a pyramid scheme and a referral program behind. Who is on the top of the ladder earns more money, right?
But what about when a company offers products and services that are actually useful and usable? Is it still called ponzi scheme? NO.
I have started bizztrek with 50 euros and already made my money back, have referrals here and there despite I didn’t push the referral program much. I do use the cashback card regularly and never had issues with it.
When it comes to bizztrade, I think they have gassed their investment ROI a little bit, because they’re not very accurate. I mean the statement says “up to 0.4/0.6/0.8 % a day (depending on your initial investment), but it’s more unlikely that you get it consistently.
Of course investments fluctuate, and nothing is fixed, but based on a long term investment, It’s more realistic if you expect a 60-70% return a year from a 10k euros investment.
I honestly deposited 50 euros in bizztrade and made 4 times my investments just on referrals, we can say that in 5 months 80% of my earnings was referrals, 20% was investment ROI.
With the earned money, I purchased their mastercard for 50 euros, cashed out 100 and re invested 50.
With bizztrade, they have started to offer education worth the investment that you made. So, with a pro trader package you would get 1 on 1 mentoring with a professional trader and weekly webinars to gain knowledge on forex trading.
Will keep my eyes on this company, because and mentioned I definitely don’t want to ruin my hard worked reputation.
With that said, my comment wasn’t being subjective of defensive at all, I just addressed my experience with the company
You are your own responsible for taking the actions you take, whether they are career related or finance related. No one is forcing no one in this world.
I like taking risks, try if something works for me, and then decide. if it’s a new born company I would keep under vigilance for months or a year before going all in.
There’s no need to rush when you don’t put all your eggs in a basket 🙂
Find some dodgy merchant, create a shell company, off you go. Legitimacy via association isn’t a thing.
Nope. A Ponzi scheme is defined when newly invested funds are used to pay existing investors.
Doesn’t matter what you add to a Ponzi scheme, it’s still a Ponzi scheme.
If BizzTrade was legit they’d have registered their passive investment opportunity with the FCA and other financial regulators.
Doing so requires them to provide audited financial reports, proving they are using external revenue to pay returns.
You can crap on about Bizztrek does this and that, but as it stands the only verifiable source of revenue is new investment.
Not withstanding BittTrek is a failed pyramid scheme.
Certification of payment terminals to the EMV standard is done by a company called EMVCo, in which VISA is one partner.
It doesn’t involve approving companies, but certifying devices, to objective operational standards.
The EMV standard constitutes the very definition of what such a device does, it’s the mandatory design specification the engineers start out with. Therefore, any manufacturer capable of designing and building one is by definition capable of getting that certification.
If you’re seriously suggesting these BizzTrade/BizzTrek people have set up, or bought, a company developing and manufacturing payment terminals: what is this company called, where is it based, and under which brand name(s) is it selling them?
If it exists, this must be easily obtainable information, because without it it would be impossible to ascertain if they do indeed have the required EMV certificates for every model they make.
Of course, reselling EMV certified terminals requires no certification at all, anyone can buy a bunch of them on Alibaba or somewhere else and start flogging them.
That would however be a pretty pointless activity in itself, since you also need a contract with a payment processor to use one, otherwise you’ve just got an overpriced doorstop.
Presentation by Maher Awad who “invested” €25,000 into this scam.
youtube.com/watch?v=K-OtwH-1BD0
I bought a 5000 euro package bizz trade and was going to buy 5000 euro bizz coin package today but i have changed my mind and i have decided to wait until the 52 weeks bizz trade package is up first to see how it goes.
but it feels like they are taking from Peter to Pay Paul so dont be fooled by all the fancy youtube videos.
im getting red flags myself but im not 100% certain so do you your own homework.
i bought into bizz trade around 7 weeks ago and made just over 376 euros in my 7th week now but do consider the world is in lockdown at the moment.
hi, i left a previous review on april 17th when at the time i wasnt 100% certain but i finally decided to purchase the 5000 euro BIZZ COIN package after all. i mean lets face it, he who dares WINS.
Are you looking for a cookie? Best of luck with the scamming and sorry in advance for your loss.
Oz they have now launched a new crypto called Bizzcoin and it would be good if you could put up a separate review for this so that it shows up on search engines
The Bizztrek team got kicked out of their Colmore Row offices because the landlord had suspicions it was a dodgy business
Bizzcoin? So BizzTrade is already on the way out?
I’ll queue it for review. If there’s a separate business opportunity around Bizzcoin I’ll review.
A lot of the info provided is true.
QA Is BIZZTRADE A SCAM? Lets look at the facts. Yes, I also looked for red flags before I joined with only $100.00 investment for a 400% ROI as promised.
My sponsor in Ghana an X banker was also believed that BIZZTRADE was legally operating. Well I asked all the question: IS BIZZTRADE LEGALLY LICENSED IN THE US TO SELL FEX IN THE USA? Apparently “NO”.
I asked repeadely who is representing BIZZTRADE in the USA and yes, I was referred to someone in Houston, TX.
MY investigation is that person has had numerous business license with a registered address that leased an office at a business center.
I called the business center who owns the leases and they said they cannot give out phone numbers. What kind of business are you running if you cant give a phone call and talk to somebody and say, ‘Hey I am interested in investing in your organization but cant get a whole of anybody”. That made me suspicious.
Now presently BIZZTRADE change HQ from England to UAB. I cant even open my website that I have done every Monday to start trade. OK contact them and no email under contact will open.
I said to myself OK. I lost $100. There is no TRANSPARENCY with BIZZTRADE it is all HYPE and they are pocketing your money.
Yes, I read the UK investigation in which a BIZZTRADE member was working with Foreign Exchange company that this individual SCAMMED hundreds of customer personally buying lavishly high cost items on himself.
At this point I could go on but those who read this, I gave BIZZTRADE a chance and I know that my $100 investment is gone. So those reading this causious Oh one more thing.
Yes, BIZZTRADE had cash back cards saving people money in stores, gas, energy etc. BUT that worked only in England. They do not have those programs in the US or any other country.
BIZZTRADE CANNOT EVEN SHOW A FTC BUSINESS REGISTERED LICENSE. I rest my case.
Another interesting aspect of this “company”, is that it is almost impossible to find real employees on LinkedIn. I would expect, from such a cutting edge technology company, to have plenty of experienced people on board.
What I have found instead:
1. They do not have software developers. Who the hell is implementing all their infra? IA, trading, shopping, crypto, travels, exchange. They are outsourcing everything?
2. All the other profiles have almost no experience but BizzTrade. People coming from all around the world, all of them with only BizzTrade as experience, fishy.
What do you think?
Whenever you see company owners wake up one day and launch a trading opp whatever software they have is outsourced.
Doesn’t really matter when the majority/all returns are paid using new investment.
I have invested 50 EUR into this company. Not my money, but someone paid in for me, to get the 10% recruitment award, thinking I’ll eventually get hooked and invest more, I guess.
It so obvious it’s a scam that my faith in humanity has reached a new low; I just don’t get how people can not see that this is terrible.
The website is just so buggy and unprofessional, the crypto wallet is even more buggy. Their adverts are always low resolution, banded about the Whatsapp groups full of gullible folk that can’t spell to save their life.
The support page of the website doesn’t work. They won’t allow you to contact them for help. They don’t answer emails either. I wanted to contact them about how to reset the 2FA google authenticator, because the buggy website didn’t allow me to backup my authenticator key. They force you to have an authenticator and I wonder how many people have their backup keys.
The Zoom meetings are laughable. Hosted by ‘team leaders’ that don’t know what they’re actually talking about.
I asked the question ‘Does BizzCoin have any plans to move off the Ethereum blockchain?’, the guy couldn’t pronounce Ethereum, he’d never heard of it. His boss had to jump in to answer the question, which he did very quickly, ‘no, it doesn’t’.
Your investment money get’s locked in for 1 year. It’s pretty clear that it’s a big risk that the company will even survive that long to get the stake back, and the coin can only be sold while the going’s good.
DO NOT WASTE YOUR MONEY ON THIS SHIT. YES, IT’S WORKING FOR PEOPLE NOW, BUT IT CAN’T WORK FOREVER.
BizzCoin is an Ethereum token, if you want to invest, invest directly into Ethereum where you can use exchanges that will allow you to sell, and you have a much better chance to make even more money than with BizzTrade.
I was pestered into it by a guy who looked desparate for days, promising if I invest I will get the investment 4 times before the 52 weeks runs out and I can get the money invested back or re invest if I want.
He demanded 5k euros, but after reading comments here I decided to go down with 1k euros.
When we started he started story changed, he added a 3 percent whatever bank charge he called it and also 10 euros package purchase. He later admitted when I asked that the most I can get after the 52 weeks end is 600 euros which he is saying maybe.
It became clear to me that I have been tricked into joining this gang. I dont advice anybody to get involved in this their game and tricks to get at your hard earned money. I regret ever doing it.
I am also invested my money in bizz coin. And cyrrently earning good profits. I found nothing bad about it. CEO Rehan gohar is always available to answer questions.
There is no scam. Its real trading business.
You can withdraw your your income in bizz coin, bit coin or in fiat currency.
Withdraw it in your exchange wallet in btc and trade it .
100% real.
Business rivals and buplicity stunt mans for web traffics are barking. We will show you soon. That your thinking is incorrect.
Company pay profits and commissions from trading profit. Not from investors money. Show any evidence what you claim.
Thanx sir.
Bizz wallet is on istore. If you know what is apple security about applications you know there is no space for scams in apples store.
Dont spread lie. I invested my money and highly satisfied with all services.
Thanx 4 your advices. But not agree with you. All of your comments are your personal thinking. I m doing practical and i m satisfied.
Numbers in your backoffice are not earnings. Math is math, BizzTrade can’t pay out more than is invested.
Your worthless bizzcoin balance isn’t earnings.
Prove it with legally required audited financial reports.
I wrote this review a year ago. Sorry for your loss.
Legitimacy via association isn’t a thing. BizzTrade is a Ponzi scheme because of its business model.
Read the review. Feel free to provide evidence to the contrary.
bUt I hAvE tOkEnS iN mY bAcKoFfIcE! isn’t evidence.
Bizztrade has just launched it’s own FCA licensed Banking Solution.
Has it’s own Trading Academy, Bizz Career. The Bizz Towers Project will blow your mind.
Would that be Ekow Onumah, one of Ken’s Wealth Team (sic) scammers?
Oh, and what’s that FCA number? (BTW, there’s no such thing as an FCA ‘license’…)
BizzTrade isn’t registered with the FCA. It’s still the same Ponzi scheme it’s been since day 1.
Ekow says:
Yes, my mind is blown that people can be SO stupid.
The sucker round up continues…..
@Mo: In regard to this comment of yours, and I quote:
Obviously that is not true. For if you had done a lot of “research” on this, you would not have joined at all. You would have known it was a Ponzi.
So much for your wanting a “good reputation.” If you really cared about your “good reputation, you would have not joined.
But it is interesting reading to see how all of you defenders of Bizztrade try to defend this Ponzi as not being a Ponzi, and all of your pseudo-arguments you think are brilliant but are nothing more than mere deflections.
If any of you really knew how to do real due diligence, you would have never joined. Cut the BS. This is a Ponzi. You know it but can’t admit it.
Now I wonder how long until you do a lot of research and join your next Ponzi de Jour?
The comments and reviews are hilarious. Nice work Oz, the way you covered it.
I researched Rizwan Gohar, he doesn’t know what’s he talking about – they had an event back on 24thOct – at Hilton Istabul.
Instead of speaking of the opportunity, he was selling daily breakfast with 3-nights stay – that was Hilton Bosphorus Istanbul. LOL. That made me crack for a very long time.
A friend was being tricked into this, he asked and I landed here. Love this website.
But hey, don’t forget to check in at Hilton Bosphorus Istanbul, they give complimentary breakfast everyday.
Gawd, I’m excited about this company now.
i left review back in april 2020 and i have since learnt more about bizz coin and it seems to be doing very well.
i can now say that i am much more confident about my investments in this company and just like bit coin this company is growing and climbing the ladder and up to date my profits are very good and i am happy.
i joined and invested 10,000 euros in this company my investment will soon be valued at around 30,000 and thats just in 7 months.
im excited to imagine what it will be in 7 years (he who dares wins) God bless x
^^ TL;DR: Yes BizzTrade is a Ponzi scheme but as long as there’s money to steal I don’t care.
Your backoffice monopoly money will be worth in seven years what it is worth today: Nothing.
Guys here is the main question, does anyone know how to get their money back out from these scammers PLEASE??
I managed to get through to Rizwan their “CEO” who said that if I wanted to withdraw my package I will have to wait for another 4 months until they start trading again and then trade till my 52 weeks is complete!
I said I don’t understand why they keep mentioning COVID as an issue when Forex traders are still trading as usual so why are they not trading? and he kept on using COVID as an excuse.
Please guys i’m begging you people if anyone know how I can withdraw my package I will be grateful.
You don’t seem to understand how a Ponzi scheme works. Your money isn’t sitting there waiting for you to get it back.
The second you invested in BizzTrade your money was stolen by Rizwan etc. and whoever recruited you. It’s gone.
Your best bet is to file a complaint with, ah who am I kidding – the UK won’t do anything. And Rizwan etc. have fled to Dubai if I’m not mistaken.
Sorry for your loss.
Has this scam not yet exited. No trading is going on what so ever.
I know one person in the board and he has openly admitted that this is a scam.
It’s been under investigation of UK authorities for operating as a financial institute without a license, but has since turned into a financial fraud investigation.
Hi Diana, where did you get the information about the investigation? perhaps there are people I can reach out to give out more information and see if there’s any alternative of getting the money out.
one of their ‘founders’ is on facebook flaunting his wealth without a care in the world and I am here stuck??!
Please Diana if you know who I can contact about this investigation I will be more than grateful.
Hi john,
So sorry to hear about your money loss, I know gupreet one of the owners as he was in a mlm scheme before this years ago.
He lives in walsall or best Bromwich and did have a herbal shop I got his phone number if you want it.
Hi Sam,
I heard of these men to they used to do life three then went down in 2016. Yes one of them does have a shop in West Bromwich.
If people are stupid enough to part with their money unfortunately they face the consequences these schemes never work.
Just work and be normal sorry john but I dont think you will get your money back.
Hi Sam,
Thank you so much for telling me this i really appreciate that. Can you please send me his mobile number and if possible the address of the place he lives or has a shop please?
Thanks a lot.
Henry, I understand what you mean, but i’ve got to keep on fighting, I innocently brought some other people to this too and now they are also on my neck and it is really stressing me out especially seeing as one of them needs the money for a mortgage deposit for her and her children and she is a single mother of 4 children for goodness sake!
What will I now tell this woman, I can’t even look her in the face as I feel so guilty bringing her into this. It really saddens me but I have to keep trying.
If anyone here can help with this please do I will truly appreciate it as this is not even funny anymore.
I am also in desperate need of the money and I can’t get hold of it because of this stupid 52 week trading rule before one can withdraw their package and now they having been using the excuse of COVID for almost a year now when it is clear that it is because the trader they were using is called infinox, who I have now learnt are under investigation for a £4m scam they did on xmas eve of 2019.
Hi John,
I know one man who knows him well doctor asoke he has his own eveda practice on hagley road Birmingham.
They are good friends his number is (removed). He a nice guy ask him.
Sam
Phone numbers no, thanks.
Hi guys,
I also lost all my money 5 grand in this ponzi scheme I really wish I didn’t part with my money.
I am in the same boat as John how can I get my money back please help us anyone please.
You invested in a Ponzi scheme and your money is gone. Sorry for your loss.
Hi sam, the number you provided was removed for some reason. Could you type it in such a way that it won’t be removed? maybe spacing out the numbers?
Oz, with all due respect mate, unlike people like Sam and others, if you have no intention of ACTUALLY trying to help anyone here may i suggest that you just keep quiet rather than just repeating same thing over and over again that is completely unhelpful?
Thanks.
The fuck makes you think I owe you anything? I don’t have the time or inclination to verify recovery efforts so there’s a blanket ban.
BehindMLM isn’t tech support for scams. Entitled victims, groan.
Hello John and Oz
Let’s not fight in this world we living in I know its details like numbers I can’t provide but John if you google Eveda clinic Hagley road Birmingham. Doctor Asoke clinic will appear then use them details to contact him.
He good friends with Gupreet, doctor asoke in the past was a victim to mlm scam to he will understand hope that helps.
Thank you very much for your help Sam, much appreciated mate.
And just out of interest Sam, if I do get hold of Gurpreet on the phone, what would you advise would be the best way to ask him for this money back because I’m concerned he may just not care or not pick up my calls again, or block my number or even get confrontation..
I think all sorts could happen. But I just want to get my money and go so what would you suggest could be the best way of approaching this when I do call him?
The problem is that getting the police or even Action fraud involved may not even amount to much.
As painful as it is to think, the reality is likely that he has no reason to answer, or do anything for you. You lost your money the moment you gave it to a ponzi scheme.
My recommendation: You learn to not throw your money away like that ever again.
Hi John
No problem at all, if you call reception at Eveda clinic ask to speak to doctor Asoke or make an appointment on the phone with him.
When he rings you explain to him what happened and if he can ask Gupreet or arrange a meeting with you on the phone or something where you can ask him to give you your money back.
Dr Asoke a really nice guy he will help you as he good friends with Gupreet dont lose your temper.
Just calmly talk to Dr Asoke and he will help you I am sure.
No Oz, not entitled victims. The correct term is career victims.
Hi AntiMLM, Sam and gopherking,
Thanks a lot for your helps and advice.
no worries John, SFYL.
Hi John
It’s okay if you need any help let me know, I lost money to from these scammers my fault nobody else. So if I can help anyone out I will do. No problem at all.
Thanks a lot Sam, I really appreciate your help my friend.
Were you able to get hold of Gurpreet just out of interest when you called that doctor?
Hi John
Doctor Asoke will help you with me I got Gupreet number which I cannot provide here.
Gupreet ignored me but with the doctor he won’t he will you I would be surprised if he doesn’t.
Anybody else get the idea John and Sam are related?
Trying to help someone doesn’t mean we are related if you can’t say anything nice instead of trying to stir trouble stay quite.
Hi guys
I have lost all everything since I invested in bizztrek then it changed to bizztrade and then bizzcoin. I lost all my savings to these con men i am now homeless and on the street’s.
Please never invest in bizztrade its ruined my life i can’t even eat and rehan, gupreet and rizwan have ruined my life.
These men need to be behind jail please stop them.
wow am reading and laughing just few people complaining majority of the people making something out of this business don’t know why people are crying they are haters.
Considering that’s mathematically impossible, I’ll call you on your bullshit.
If you have to lie and resort to “haterz”, how much did you lose?
Hello all. I am trying to prevent someone from investing in BizzCoin. It would help if I could present some concrete evidence.
People have mentioned that some of the owners have criminal convictions and that the company is being investigated in the UK.
I have been hunting for links (using a few different search engines) to verify this with no success.
If you can either point me to some, or at least offer a suggestion as to where I can find such info it would be greatly appreciated. Thank you.
Is BizzTrade registered to offer securities in your jurisdiction?
If not then the company is committing securities fraud.
MLM + securities fraud = Ponzi scheme
Oz – I understand and agree. But experience tells me it is sometimes easier to change a person’s mind with something more tangible like (in this case) criminal charges or convictions.
Wow, now they call and try to convince to invest in Bizzcoin, unbelievable. Be careful are full of bullshit.
BizzCoin still exists? There must be parts of the planet that don’t have Google. Perhaps humanity should be doomed
@tim the gohar brothers scammed many people through an MLM called lifetime World.
Here is a link where you can find more info and help you dig for more info regarding them;
botwatchblog.wordpress.com/2016/07/17/no-lifetree-world-that-is-wrong/
Im just curious, if this bizztrade is scam.. why they still operating till now.
they have thier names publish publicly.. is there any action to catch this scammers. if they do..
That’s a question for the applicable regulators.
Regardless of whether they act, BizzTrade is a Ponzi scheme and all Ponzi schemes are scams.
Beth Brannan seems to be the ultimate SCAM MERCHANT, Life Tree, ripped people off, Valentus, Ripped people off, Nutonic, Ripped people off.
not only that but here own teams too, Always plays the victim.
I beleive she has now moved on to Modere, when will these company’s catch on to her, she would rob her grannie, nasty peice.
Stay well away from her and her sob stories.
@OZ
Gohan Rehan Gohan has started a new scheme called NEXT GEN which is doing similar scheme like Bizztrade.
It seems like a change of name to mask Bizztrade.
It is. BehindMLM covered NextGen. I’ll update the review to include a link to it, thanks.