Cryptoberg Review: 15hr to 7 day ROI Ponzi scheme
Cryptoberg provides no information on their website about who owns or runs the company.
Cryptoberg’s website domain (“cryptoberg.ltd”) was privately registered on June 18th, 2020.
In an attempt to appear legitimate, Cryptoberg provides a UK incorporation certificate for Bit Kind LTD on their website.
Not withstanding Bit Kind having anything to do with Cryptoberg, UK incorporation is dirt cheap and effectively unregulated.
The UK is a favored jurisdiction for scammers looking to incorporate dodgy companies.
For the purpose of performing MLM due-diligence, UK incorporation is meaningless.
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.
Cryptoberg has no retailable products or services, with affiliates only able to market Cryptoberg affiliate membership itself.
Cryptoberg’s Compensation Plan
Cryptoberg affiliates invest funds on the promise of advertised returns:
- Classic – invest $50 to $500 and receive 105% after 24 hours
- Advanced – invest $500 to $1000 and receive 108% after 2 days
- Premium – invest $1000 to $2000 and receive 110% after 3 days
- Platinum – invest $2000 to $5000 and receive 115% after 5 days
- Gold – invest $5000 to $10,000 and receive 120% after 7 days
- Diamond – invest $10,000 or more and receive 106% after 15 hours
Cryptoberg pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 7%
- level 3 – 5%
Cryptoberg affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $50 investment.
Note that although multiple payment processors and cryptocurrencies feature on Cryptoberg’s website, investment appears to be primarily solicited in bitcoin.
Cryptoberg markets itself as
a global crypto finance solution for all the crypto enthusiasts who are in search of the trusted, secure and reliable platform.
Unfortunately for said crypto enthusiasts, CryptoBerg is nothing but a Ponzi scheme. Literally the opposite of a “trusted, secure and reliable platform”.
Cryptoberg fails to identify a source of external revenue, leaving new investment the only verifiable source of revenue entering the company.
Using new investment to pay advertised returns to existing investors makes Cryptoberg a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment runs dry so too will new investment.
This will starve Cryptoberg of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.