Compire Group Review: Crypto mining & trading ruse Ponzi
Compire Group operates in the MLM cryptocurrency niche.
Compire Group claims its CEO is “Andrew Storer”. No information about Storer is provided, he doesn’t exist outside of Compire Group’s website.
Compire Group’s website domain (“compire-group.com”), was privately registered on March 3rd, 2023.
Despite only existing for a few months, Compire Group falsely represents it has been around prior to 2021.
Compire was a small accounting and human resources software company. However, in 2021, the company decided to change its strategy and start mining cryptocurrency.
In an attempt to appear legitimate, Compire Group provides a virtual office address in the UK. It’s unlikely Compire Group has any actual ties to the UK.
Of note is Compire Group’s marketing videos are stock footage with robo-dubbing. This is typical of non-native English speaking admins.
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.
Compire Group’s Products
Compire Group has no retailable products or services.
Affiliates are only able to market Compire Group affiliate membership itself.
Compire Group’s Compensation Plan
Compire Group affiliates invest USD equivalents in cryptocurrency. This is done on the promise of advertised returns:
- invest $100 to $3000 and receive 0.75% to 1.2% a day
- invest $500 to $10,000 and receive 2% a day
- invest $1000 to $200,000 and receive 3.3% a day
- invest $3000 to $14,500 and receive 1.2% to 1.5% a day
- invest $10,000 to $100,000 and receive 2.4% a day
- invest $10,000 to $5,000,000 and receive 3.9% a day
- invest $15,000 to $50,000 and receive 1.3% to 1.7% a day
- invest $50,000 to $200,000 and receive 1.5% to 2.1% a day
- invest $100,000 to $1,000,000 and receive 2.7% a day
- invest $200,000 to $500,000 and receive 1.8% to 2.5% a day
It should be noted that a lot of Compire Group’s investment plans are redundant. This isn’t a typo, this is how the plans are presented on Compire Group’s website.
The MLM side of Compire Group pays on recruitment of affiliate investors.
Compire Group’s Affiliate Ranks
There are eight affiliate ranks within Compire Group’s compensation plan.
- 1 LVL – sign up as a Compire Group affiliate and invest $100
- 2 LVL – invest $5000 and generate $30,000 in downline investment volume
- 3 LVL – invest $25,000 and generate $100,000 in downline investment volume
- 4 LVL – invest $100,000 and generate $500,000 in downline investment volume
- 5 LVL – invest $250,000 and generate $1,000,000 in downline investment volume
- 6 LVL – invest $500,000 and generate $2,500,000 in downline investment volume
- 7 LVL – invest $1,000,000 and generate $4,000,000 in downline investment volume
- 8 LVL – invest $2,000,000 and generate $6,000,000 in downline investment volume
Referral Commissions
Compire 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.
Compire Group caps payable unilevel team levels at eight.
Referral commissions are paid as a percentage of cryptocurrency invested across these eight levels based on rank:
- 1 LVL ranked affiliates earn 5% on level 1 (personally recruited affiliates) and 1% on levels 2 to 4
- 2 LVL ranked affiliates earn 5% on level 1, 2% on level 2 and 1% on levels 3 to 5
- 3 LVL ranked affiliates earn 6% on level 1, 2% on level 2 and 1% on levels 3 to 5
- 4 LVL ranked affiliates earn 6% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 6
- 5 LVL ranked affiliates earn 7% on level 1, 3% on level 2, 2% on levels 3 and 4, 1% on levels 5 and 6 and 0.5% on level 7
- 6 LVL ranked affiliates earn 10% on level 1, 3% on level 2, 2% on levels 3 and 4 and 1% on levels 5 to 7
- 7 LVL ranked affiliates earn 13% on level 1, 4% on level 2, 2% on levels 3 and 4 and 1% on levels 5 to 8
- 8 LVL ranked affiliates earn 15% on level 1, 4% on level 2, 3% on levels 3 to 5, 2% on level 6 and 1% on levels 7 and 8
Joining Compire Group
Compire Group affiliate membership is free.
Participation in the attached income opportunity requires a minimum $100 investment.
Compire Group solicits investment in various cryptocurrencies.
Compire Group’s Conclusion
Compire Group represents it generates external revenue via cryptocurrency mining and trading.
The company uses such areas as: (Day Trading, Scalping, Swing Trading, Futures, Long Term Investments, PoS , PoW).
Compire Group fails to provide evidence it is engaged in cryptocurrency mining, trading or any other form of external revenue generation.
Furthermore, Compire Group’s business model fails the Ponzi logic test.
If Compire Group was able to legitimately generate 3.9% a day on a consistent basis as advertised, what do they need your money for?
Compire Group’s passive returns investment opportunity constitutes a securities offering. Compire Group fails to provide evidence it has registered its securities offering with financial regulators in any jurisdiction.
This means that, at a minimum, Compire Group is committing securities fraud.
As it stands, the only verifiable source of revenue entering Compire Group is new investment.
Using new investment to pay withdrawals would make Compire Group a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Compire Group of ROI revenue, eventually prompting a collapse.
Compire Group’s collapse will likely tie into its Compire Coin shitcoin.
Watch for withdrawals being switched to Compire Coin after it’s introduced (have to fatten up the pot first).
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
The fact that Compire is a blatant Ponzi scheme aside for a second, some of the details of this one I find a little humorously absurd.
A random “small accounting and human resources software company” just veering straight into cryptocurrency mining (even in 2021, when that would’ve been potentially profitable) is just too ridiculous a business decision for a legitimate company to make.
Plus, some of the rank criteria are also unrealistic — no one just *has* a cool $2 million to throw in to qualify for “8 LVL” rank, and even if they did, I doubt they’d have three friends who’d do the same. Building up that total over time is unlikely too, given it’ll almost certainly collapse before you get anywhere close.
But then again, I’m just reading too far into it — it only has to make enough sense for someone more unwitting to part with their money, and I’m certainly not part of that crowd. Keep up the good work, Oz!
You forgot to point out that Compire is registered with Google and has its card as an investment company. How can Google allow a “Ponzi” to be there?
That’s also what social network Twitter confirmed. Is this a mistake by the world’s social network?
Neither Google or Twitter are financial regulators. Compire creating a Google or Twitter account in no way means either Google or Twitter did any regulatory due-diligence into Compire.
Genuine fucking moron argument. Well done.
Scam scam scam.
Hello,
Someone I know now is posting this about Compire, that is now a registered Australian company, I took a screenshot but I cannot paste it here.
Please let me know if this is true, as this man truly believes this paper he saw is legal. Thank you.
Due to ASIC being ineffective Australia is a common place for scammers to set up shell companies. Sometimes they go for New Zealand but their FMA is far more active than ASIC.
A “registered” company anywhere is meaningless with respect to due-diligence. Scammers can register shell companies with bogus information as there’s no verification.
More importantly, registering a shell company isn’t the same as filing audited financial reports with regulators. An Australian shell company would correspond with ASIC.
Be careful though, registered with ASIC is just as easy as registering an Australian shell company – again why it’s a favorite of scammers.
What scammers won’t do though is file audited financial reports with ASIC. Ask to see an audited filed Compire financial report.
This is a legal requirement, failing which Compire Group is operating illegally. Scroll up and read the review as to why.
As I write this Compire Group is circling the drain with barely ~25,000 monthly visits to its website (it was just 1200 monthly visits in March). SimilarWeb tracks 100% of Compire Group’s website traffic from Hungary.
In Hungary securities are regulated by the MNB. Ask to see proof Compire Group has registered with the MNB.
They haven’t? Congratulations, you just confirmed securities fraud which lends itself to Compire Group being a Ponzi scheme.
Thank you OZ, I thought so as well.