CoffeeGems Review: Coffee themed bitcoin Ponzi scheme
CoffeeGems operates in the coffee MLM niche. The company claims it was founded by “two dreamers, Abelardo and Antônia Santos”.
Supposedly the Santos’ are based out of Brazil and have “years of experience in the coffee production industry”.
If you run a search for either name however, nothing comes up in relation to coffee outside of CoffeeGems.
Seeing as the Santos’ appear on CoffeeGems’ website in name only, this puts a question mark on whether they actually exist.
CoffeeGems’ website domain (“coffeegems.com”) was first registered in November 2015.
The private domain registration was last updated on October 12th, 2019.
I was able to verify through the Wayback Machine that prior to October 2019, CoffeeGems’ domain was for sale.
This confirms that the current owner(s) took possession of the domain in October 2019.
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.
CoffeeGems’ Products
CoffeeGems has no retailable products or services, with affiliates only able to market CoffeeGems affiliate membership itself.
CoffeeGem’s Compensation Plan
CoffeeGem affiliates invest bitcoin on the promise of an advertised weekly return:
- Jamaican Blue – invest $50 to $99 worth of bitcoin and receive up to $8 a week
- Kopi Luwak – invest $100 to $499 worth of bitcoin and receive up to $40 a week
- Hacienda La Esmeralda – invest $500 to $999 worth of bitcoin and receive up to $80 a week
- Finca El Injerto – invest $1000 to $4999 worth of bitcoin and receive up to $400 a week
- Black Ivory – invest $5000 to $20,000 worth of bitcoin and receive up to $1600 a week
The math comes to roughly 8% a week, with returns paid out for two years.
Referral Commissions
A 13% direct referral commission is paid on funds invested by personally recruited affiliates.
Residual Commissions
CoffeeGems 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.
At the end of each day CoffeeGems tallies up new investment volume on both sides of the binary team.
Affiliates are paid 10% of investment volume on their weaker binary team side.
Note that CoffeeGems caps payable binary team levels based on how much an affiliate has invested:
- invest at the Jamaican Blue tier and earn residual commissions down six binary team levels
- invest at the Kopi Luwak tier and earn residual commissions down eleven binary team levels
- invest at the Hacienda La Esmeralda tier and earn residual commissions down fifteen binary team levels
- invest at the Finca El Injerto tier and earn residual commissions down eighteen binary team levels
- invest at the Black Ivory tier and earn residual commissions down twenty-one unilevel team levels
Once paid out on, funds are matched against the stronger binary team side and flushed.
Any leftover volume on the stronger binary team side is carried over.
Joining CoffeeGems
CoffeeGems affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $50 investment.
Conclusion
CoffeeGems is a simple bitcoin Ponzi scheme wrapped in coffee marketing.
A company aimed to deliver the world’s best beans for your company’s coffee production so that your customers could enjoy premium quality coffee.
There’s no evidence of CoffeeGems having anything to do with coffee, outside of the marketing coffee on its website.
Furthermore CoffeeGems’ business model fails the Ponzi logic test.
Started as a small family-based business, Coffeegems took its first step on the 23rd of November 2015.
Coffeegems operates beyond the border and serves coffee companies around the globe.
Our company operates in over 60 countries and plans to expand its operations in other countries as there is a high demand for our coffee beans throughout the world.
Right now, Coffeegems supplies Coffee beans to more than 100 coffee brands globally. Presently the number of companies we are associated with is 220.
First there’s the fact that CoffeeGems didn’t exist until October 2019, when its website domain was purchased.
Secondly the coffee industry doesn’t do business in bitcoin, so it makes no sense for a company representing itself as a major player in the coffee industry to be soliciting investment in bitcoin.
Finally if Abelardo and Antônia Santos already had a coffee business capable of generating at least 8% a week, what do they need your money for?
As it stands the only verifiable source of revenue entering CoffeeGems is new investment.
Using new investment to pay existing investors an 8% weekly ROI makes CoffeeGems a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve CoffeeGems of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
Some really dumb trademark infringement going on here too, in an attempt to fake coffee-related legitimacy.
Of the five investments levels, three (Jamaican Blue, Kopi Luwak and Black Ivory), have generic names for expensive types of coffee. None of the three come from Brazil, so why would a Brazilian company supposedly based in “the coffee production industry” pick them? At best, they could be importing them.
But the other two names, Hacienda La Esmeralda and Finca El Injerto, are the really, really dumb choices. They’re company names, of family-owned coffee growing businesses, from Panama and Guetamala respectively. They definitely have no need for some obscure company from Brazil to help them sell their (very expensive) beans on the world market.
It’s a bit as if an MLM besides using names like “Silver”, “Gold”, “Sapphire” and “Diamond” for levels, would have two called “Cartier” and “Tiffany & Co”. I wonder if there’s a real address the lawyers for the two companies whose trademark is being abused can send their cease-and-desist letters to.
so is this coffee gems a Ponzi scheme and a bad investment to go in too.
Read the review.
Second week of dec 2020, they came up with story that some staff from the finance department are down with covid , so we won’t be able to make withdrawals.
The ROI was still adding, and we could reinvest or sell the dollar within investors. Or use to invite new members and cash out till everything get back to normal. Hopefully first week of January.
It was really disappointing as many (especially for me , cos I’ve been saving mine to use for the Christmas holiday ) . …. But we all had to wait.
First week of January came, same story ….. they still haven’t paid investors till date . Very annoying.
ROI pilling but we can’t withdraw, so angry because I only joined October last year.
Yeah. Numbers on screen. I can show you whatever numbers you want!
Why not. It does not cost the Ponzi admin a penny but gives him a time to launder and to transfer your money.
Ah, so famous “internal transfers to friends”. Again. It does not cost admins a penny. By cashing out newcomers (out of the designed “payment” system) does not bring new funds to admins, but let them operate couple of weeks longer.
Maybe to get more funds from other, more “successful” regions or branches of pyramid structure.
And in the end, they can throw “investors” under the bus and blame them: “It was you who has violated the rules! It was you who had scammed your downlines and grabbed and stole all the money!”
But I guess… you know it, don’t you?
You know joining a Ponzi scheme at the late stage is not a bright idea?
You know joining a Ponzi scheme is not good and decent idea at all?
Looks like I lost again.
Nowadays everything is a ponzi What do you recommend we do to earn extra money?
You run to forex and lose money.
You run to bitcoin and lose more money.
You run to network marketing, its either you run and get stagnant or the business collapses right below your feet.
Jobs are hard to come by these days and while trying to multiply the little money you’ve got, you lose all of it.
Which one is not a ponzi scheme?
Anything that doesn’t recycle invested funds to pay returns.
I invested 50usd in coffee Gems 2020 December and then I got paid daily profits.
After the 15th of December Coffee Gems stopped the withdrawals and it told us that one of the staff members from their financial department got infected with covid 19. They said withdrawals will be opened on January 2021.
Now it’s February and the withdrawals are still closed. Coffee Gems is not sending any email to its investors to inform them about withdrawals reopening. Coffee Gems disappeared with our money.
Any company that pays daily or weekly “profits” is a scam.
They only pay as long as investments come in, and when investments inevitably dry up (because math is math), they roll out some lame excuse to get their victims to sit quietly while they run off with your money.
“COVID!” “We got hacked!” “Someone we trusted ran off with the funds.” “Etc.!” Don’t get taken in again by scammers.
Print out the first sentence of this paragraph and put it on your refrigerator if you need a reminder or two.
I am very disaponted and i dnt have money i invested on coffee gems.
they closed withdrowal from 8 december and they said they will open it january of 2021 because some mwmber of coffee gems tested positive on covid.
but they contiuning put our roi and still no withdrawal and now since yesterday they ddnt put roi.
i dnt know or tgey gone. i feel like cring loudly i trusted them and they embarised me.
I’m afraid so. Those “please wait while we try to fix everything” messages are only to trick you into not going to the police. Meanwhile, they run away with your money and hide. Sorry for your loss.
Now you know: ANY program promising daily, weekly, or monthly payouts is a SCAM. ALWAYS. Keep your money in your pocket, no matter how convincing they sound, or how many people you know sign up.
Is it true that Coffeegems is no longer valid?
I have invested and trusted the company, so now I have lost everything. What else can I do?
Im a single parent and was convinced by other ‘Leaders” that everything will come back to normal after Covid 19.
CoffeeGems was a Ponzi scheme, it was invalid from launch.
You got COVID-19 exit-scammed. Sorry for your loss.
You could ask the leaders who scammed you for your money back. I think you know how that’ll turn out.
Only 1 thing to do, stop investing in obvious scams.
Abigail: When you let yourself be convinced by others, you’re letting them do the thinking for you. You must think for yourself.
Be logical; would anyone who found a way to earn 8% per week on their money share it with anyone? 8% per week compounded over 3 years will turn $1,000 into $16 million.
Why would anyone who could do that want to take someone else’s thousand dollars and give them 16 million later, when they could just invest their own money and keep the rich returns?
The answer is simple: they wouldn’t. Which means the 8 percent per week is a lie. It’s all a lie, and it always was. Scroll up a bit and reread what I said in comments #9 and #11.
Reread what Oz has said in this and many other articles about the Ponzi logic test. And stay away from any and all offers of payouts of so many percent per day, week, or month.
They’re ALWAYS scams. No exceptions.
Abelardo and Antonia Santos are the Cold blooded thieves, they can steal from the, may God almighty steal their own souls!!!