Corona Invest Review: COVID-19 themed Ponzi scheme
Corona Invest provides no information on its website about who owns or runs the company.
Corona Invest’s website domain (“coronainvest.io”) was privately registered on February 27th, 2020.
A residential address in the UK is provided on Corona Invest’s website. It is doubtful this address has anything to do with the company.
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.
Corona Invest’s Products
Corona Invest has no retailable products or services, with affiliates only able to market Corona Invest affiliate membership itself.
Corona Invest’s Compensation Plan
Corona Invest affiliates invest funds on the promise of advertised daily returns.
- invest $20 to $2999 and receive 8% a day
- invest $3000 to $9999 and receive 9% a day
- invest $10,000 to $49,999 and receive 10% a day
- invest $50,000 to $200,000 and receive 11% a day
Corona Invest advertises the above returns as “forever” payments.
Referral Commissions on invested funds are paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 8%
- levels 2 and 3 – 1%
Regional representatives receive the following increased referral commission rates:
- level 1 – 10%
- level 2 – 2%
- level 3 – 1%
Become a regional representative appears to be at the discretion of Corona Invest management.
Joining Corona Invest
Corona Invest affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $20 investment.
Corona Invest claims to be a “vaccination research company”.
We are doing that thing right by collecting fund from our investors and investing in coronavirus vaccination project.
Putting aside that even if anything was being researched (it isn’t), that activity doesn’t explain daily returns of up to 11% a day.
In reality, Corona Invest is a simple Ponzi scheme wrapped in a “topic of the moment” ruse.
It takes a certain kind of person to register a COVID-19 themed domain and use it to run a Ponzi scheme.
Whoever is running the company is not a native English speaker;
Coronavirus already spread in many countryes.
Alexa currently cites Bangladesh (22%), Turkey (6.1%) and Russia (5.8%) as the three top sources of traffic to Corona Invest’s website.
Bangladesh and Russia are usual suspects. Turkey is a bit odd but not unheard of.
In any event, as with all MLM Ponzi schemes, once affiliate recruitment dies off so too will new investment.
This will starve Corona Invest of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.