Control Traders Review: 52 week ROI Ponzi scheme
Control Traders provides no information on its website about who owns or runs the company.
What information is provided on Control Traders’ website has been stolen from other companies:
Control Traders’ website domain (“controltraders.com”) was privately registered on February 3rd, 2020.
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.
Control Traders’ Products
Control Traders has no retailable products or services, with affiliates only able to market Control Traders affiliate membership itself.
Control Traders affiliate membership provides access to various digital marketing material.
Control Traders’ Compensation Plan
Control Traders affiliates invest $300 to $10,000 on the promise of advertised returns:
- Beginner – invest $300 and receive $12 a week for 52 weeks ($624)
- Entrepreneur – invest $500 and receive $20 a week for 52 weeks ($1040)
- Executive – invest $1500 and receive $60 a week for 52 weeks ($3120)
- Gold – invest $3000 and receive $120 a week for 52 weeks ($6240)
- Premium – invest $5000 and receive $250 a week for 52 weeks ($13,000)
- Challenger – invest $10,000 and receive $500 a week for 52 weeks ($26,000)
Commissions are paid when they recruit others who do the same.
Control Traders pays recruitment 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.
Control Traders caps payable unilevel team levels at five.
Recruitment commissions are paid out as a percentage of funds invested across these five levels as follows:
- level 1 (personally recruited affiliates) – 20%
- level 2 – 5%
- level 3 – 3%
- level 4 – 2%
- level 5 – 1%
Joining Control Traders
Control Traders affiliate membership is tied to an initial $300 to $10,000 investment.
I’d typically go over how Control Traders represent they generate external revenue, however we already know what’s on their site is baloney.
Control Traders is a simple Ponzi scheme run by faceless scammers.
New affiliates invest and Control Traders use that money to pay existing affiliates a weekly ROI.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve Control Traders of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 3rd December 2020 – A reader wrote in to advise that Control Traders has implemented the shitcoin exit-scam.
Control Traders is only paying withdrawals in Control Traders Coin (CTC). Problem is converting CTC into actual money has been disabled for about a month.
KYC is of course also being used to restrict withdrawals.