Coinfinesse Group Review: Coinfinity reboots after launch collapse
Coinfinesse Group began as Coinfinity. In the short time between me adding Coinfinity to the review list and beginning research for this review, Coinfinity collapsed.
Today Coinfinity’s old website domain redirects to Coinfinesse Group.
Coinfinesse Group’s website domain was registered on December 10th, 2019. Coinfinity Group had only launched a few weeks earlier.
Coinfinesse Group identifies Mario Helmut (below) as CEO of the company.
As per Helmut’s executive bio above, he claims to have “worked in the financial industry for more than 40 years”.
Perusal of Helmut’s LinkedIn profile reveals a claimed twenty-five year stint at Zurcher Kantonalbank.
This isn’t verifiable outside of Coinfinesse Group related marketing however. In fact, outside of a few recently crafted social media profiles, Mario Helmut has no digital footprint.
Two Mario Helmut Facebook profiles were only just created on the 11th and 27th of December, 2019.
While someone is definitely playing Mario Helmut, I’m flagging there being no digital footprint as highly suspicious.
The cynic in me feels that Helmut comes off as some old guy whoever is actually running Coinfinesse Group dug out of somewhere.
One last thing, I had a poke around but was unable to find out why Coinfinity was abandoned so soon after launch.
Update 30th December 2019 – Turns out while Coinfinity Group as a company name did collapse around launch, it wasn’t because of financial reasons.
Upon learning of Coinfinity Group, an Austrian bitcoin brokerage firm going by Coinfinity threatened to sue them for trademark infringement.
And so Coinfinity Group became Coinfinesse Group in early December. /end update
Whoever is running Coinfinesse appears to have ties to and/or is based out of Europe.
Coinfinesse’s website was registered through a German registrar.
Read on for a full review of Coinfinesse Group’s MLM opportunity.
Coinfinesse Group’s Products
Coinfinesse Group has no retailable products or services, with affiliates only able to market Coinfinesse Group affiliate membership itself.
Coinfinesse Group’s Compensation Plan
Coinfinesse affiliates invest bitcoin or ethereum on the promise of weekly returns of up to 3.6%.
- invest $100 or more worth of BTC or ETH and receive up to 2.4% a week
- invest $2500 or more worth of BTC or ETH and receive up to 3.6% a week
Coinfinesse Group doesn’t appear to be any investment term limits. At least not officially.
Coinfinesse Group Affiliate Ranks
There are ten affiliate ranks within Coinfinesse Group’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- One Star – generate a downline who have together earned $1000 in weekly returns
- Two Star – generate a downline who have together earned $5000 in weekly returns
- Three Star – generate a downline who have together earned $20,000 in weekly returns
- Four Star – generate a downline who have together earned $50,000 in weekly returns
- Five Star – generate a downline who have together earned $80,000 in weekly returns
- Six Star – generate a downline who have together earned $150,000 in weekly returns
- Seven Star – generate a downline who have together earned $250,000 in weekly returns
- Eight Star – generate a downline who have together earned $500,000 in weekly returns
- Nine Star – generate a downline who have together earned $1,000,000 in weekly returns
- Ten Star – generate a downline who have together earned $3,000,000 in weekly returns
Coinfinesse Group pays referral commissions 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.
Coinfinesse Group caps payable unilevel team levels at twelve.
Referral commissions are paid out on weekly returns paid to affiliates across these twelve levels as follows:
- level 1 – 100%
- level 2 – 50%
- level 3 – 10%
- levels 4 to 8 – 5% (paid to 3 Star and higher)
- levels 9 to 12 – 3% (paid to 5 Star and higher)
Rank Achievement Bonus
Coinfinesse Group affiliates are rewarded with the following Rank Achievement Bonuses:
- qualify as a One Star and receive $200
- qualify as a Two Star and receive $1000
- qualify as a Three Star and receive $4000
- qualify as a Four Star and receive $10,000
- qualify as a Five Star and receive $15,000
- qualify as a Six Star and receive $30,000
- qualify as a Seven Star and receive $50,000
- qualify as an Eight Star and receive $100,000
- qualify as a Nine Star and receive $150,000
- qualify as a Ten Star and receive $450,000
Joining Coinfinesse Group
Coinfinesse Group affiliate membership is free.
Participation in the attached income opportunity however requires a minimum $100 investment in bitcoin and/or ethereum.
Coinfinesse Group represents that it generates external revenue via crypto trading and related activities.
Naturally no evidence of any claims are provided. Nor is Coinfinesse Group registered to offer securities in any jurisdiction it solicits investment in.
In addition to committing securities fraud, Coinfinesse Group’s business model fails the Ponzi logic test.
If “Mario Helmut” was legitimately able to generate weekly returns of up to 3.6%, why not just quietly compound until he becomes the richest person on the planet?
And presuming the same ruse was used for Coinfinity Group, why then did it collapse so shortly after launch?
The answer lies in Coinfinesse Group operating as your typical MLM crypto Ponzi scheme.
Gullible investors hand over bitcoin and ethereum to Coinfinesse Group’s owners.
They pocket it and generate monopoly money backoffice returns.
When new investment inevitably runs dry, withdrawal requests will no longer be honored and “Mario Helmut” and friends go into hiding.
You saw how quickly it can happen with Coinfinity Group. The only difference with Coinfinesse Group collapsing is, if enough money is stolen, this time there won’t be a reboot.
Update 16th March 2020 – Earlier today Coinfinesse Group informed investors it was capping withdrawals.
The company has also prohibited affiliates from pulling out of their investment contracts.