CryptoBuzz Corporation Review: Hourly ROI reload Ponzi scheme
CryptoBuzz Corporation provide no information on their website about who owns or runs the business.
The CryptoBuzz Corporation website domain (“cryptobuzz.win”) was privately registered on January 25th, 2018.
CryptoBuzz Corporation provide an incorporation number on their website, which corresponds with “Investellect LTD”.
Investellect LTD was incorporated in the UK on March 10th, 2017.
Further research reveals Investellect was a Ponzi scheme that advertised daily 1% to 1.4% returns.
The Investellect website domain (“investellect.net”) has been suspended due to bogus domain registration details.
By all appearances, CryptoBuzz Corporation is a reboot of the Investellect scam.
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.
CryptoBuzz Corporation Products
CryptoBuzz Corporation has no retailable products or services, with affiliates only able to market CryptoBuzz Corporation affiliate membership itself.
The CryptoBuzz Corporation Compensation Plan
CryptoBuzz Corporation affiliates invest funds on the promise of an hourly ROI:
- Standard – invest $10 to $50,000 and receive a 30% hourly ROI for 6 hours
- Professional – invest $25 to $50,000 and receive a 40% hourly ROI for 6 hours
- Hot – invest $50 to $50,000 and receive a 60% ROI for 6 hours
- Excellent – invest $100 to $50,000 and receive an 80% hourly ROI for 6 hours
- VIP – invest $150 to $50,000 and receive a 110% hourly ROI for 6 hours
- VIP+ – invest $200 to $50,000 and receive a 150% hourly ROI hourly for 6 hours
CryptoBuzz Corporation pay 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.
CryptoBuzz Corporation cap payable unilevel levels at four, with commissions paid out as a percentage of funds invested across these four levels as follows:
- level 1 (personally recruited affiliates) – 12%
- level 2 – 2%
- levels 3 and 4 – 1%
Joining CryptoBuzz Corporation
CryptoBuzz Corporation affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the CryptoBuzz Corporation MLM opportunity requires a minimum $10 investment.
CryptoBuzz Corporation claim to be ‘an investment fund which has been in business since 2015 and achieved excellent results‘.
Considering Investellect LTD was only incorporated last year, that’s baloney right off the bat.
Our goal is to achieve the highest return from the activity on the foreign currency exchange (Forex) and Cryptocurrency exchange markets.
The investment portfolio is managed by a team of experienced financial specialists, of lawyers, professional trade analysts who have been working on the currency exchange market for more than 15 years on average.
Naturally CryptoBuzz Corporation fail to provide any evidence of forex or cryptocurrency trading taking place.
Furthermore, CryptoBuzz Corporation’s claims fail the Ponzi logic test.
If CryptoBuzz Corporation’s anonymous admins were already achieving “excellent results”, to the tune of 150% an hour, why would they be wasting their time soliciting investment from randoms on the internet?
The reality of CryptoBuzz Corporation’s business model is that newly invested funds are the sole verifiable source of revenue.
Using newly invested funds to pay existing affiliates an hourly ROI makes CryptoBuzz Corporation a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve CryptoBuzz Corporation of ROI revenue, eventually prompting a collapse.
Mathematics guarantees that when Ponzi schemes collapse, the majority of investors lose money.
What with CryptoBuzz Corporation being an hourly ROI scam, expect the company’s inevitable collapse to be swift and sudden.