Cryptocurrency Bank MLM Review: A cryptocurrency global virtual bank?
Cryptocurrency Bank MLM provide no information on their website about who owns or runs the company.
The Cryptocurrency Bank MLM website domain (“ccbmlm.com”) was privately registered on June 11th, 2017.
At the time of publication Alexa currently estimate the US, Nigeria and Brazil are the top sources of traffic to the Cryptocurrency Bank MLM website.
The Cryptocurrency Bank MLM affiliate agreement suggests the company might be run out of Florida;
Venue and jurisdiction for any action pertaining to this agreement or any disagreement or claim between the parties hereto shall be in Palm Bach Country, State of Florida or in the United States District Court in and for the District of Florida.
An address in Hong Kong is provided on the Cryptocurrency Bank MLM website. Further research however reveals this address is virtual office space provided by Regus.
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.
Cryptocurrency Bank MLM Products
Cryptocurrency Bank MLM has no retailable products or services, with affiliates only able to market Cryptocurrency Bank MLM affiliate membership itself.
The Cryptocurrency Bank MLM Compensation Plan
Cryptocurrency Bank MLM affiliates purchase a matrix position and are paid when they recruit others who do the same.
For each new Cryptocurrency Bank MLM affiliate recruited, a $10 commission is paid out.
Residual recruitment commissions are paid out via a 2×20 matrix.
A 2×20 matrix places a Cryptocurrency Bank MLM affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Levels three to twenty of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
Positions in the matrix are filled when directly and indirectly recruited affiliates purchase positions.
For each person filled in the 2×20 matrix, a $2 commission is paid out.
Note that all commissions in Cryptocurrency Bank MLM are paid in CCBM points.
Joining Cryptocurrency Bank MLM
Cryptocurrency Bank MLM affiliate membership is free.
Cryptocurrency Bank MLM claim they are “destine [sic] to be the largest cryptocurrency global bank in the world!”
What with banking one of the tightest regulatory sectors the world over, that’s easier said than done.
The reality of Cryptocurrency Bank MLM is it’s just another points-based opportunity masquerading as having something to do with cryptocurrency.
CCBM is represented as being a cryptocurrency, however it’s not publicly tradeable and has no genuine supply and demand.
CCBM is so worthless that the owner(s) behind Cryptocurrency Bank MLM will give you $50 worth of CCBM just for signing up.
Cryptocurrency Bank MLM affiliate membership is free, which immediately creates the problem of CCBM points being assigned a value backed by nothing.
Real money has to enter Cryptocurrency Bank MLM at some point, otherwise there’s no money to withdraw.
So what’s the game plan?
Cryptocurrency Bank MLM advise on their website that they are in prelaunch until September 19th, 2017.
Until then, you’ll be able to acquire CCBM points by signing up and recruiting affiliates into your matrix.
Come September 17th you’ll have a CCBM balance Cryptocurrency Bank MLM will tell you is worth a ton of money.
But if you want to withdraw that money, you’re going to have to cough up real money first.
In addition to that model obviously being a combination of Ponzi and pyramid fraud (using newly invested funds to pay off existing investors tied to recruitment), there’s also the issue of the anonymous Cryptocurrency Bank MLM owner(s) holding an unknown amount of CCBM points.
No doubt the internal value of CCBM points will rise in the lead up to Cryptocurrency Bank MLM’s launch.
Guess who gets first dibs on converting their worthless CCBM points into real money once affiliate deposits start rolling in?
If you’re lucky you might make whatever Cryptocurrency Bank MLM charge you back out. The reality for most affiliates however is going to be losing their money outright.
Be particularly wary of the “it doesn’t cost anything to join!” marketing angle.
Basic mathematics dictates that at some point Cryptocurrency World Bank is going to have to start charging affiliates, otherwise there’s no money to withdraw.
Everything else until then is baseless marketing hype.
I wouldn’t be surprised if this is from Phil Picolo
Wouldn’t be surprised at all. It has a lot of “THW Global” about it.
It sure does!
Someone told me to check this site out. I am a close friend of the Hong Kong individual behind this ICO. He has a whole floor and is a director of a Hong Kong bank in the building.
This company Regus is on a lower floor they are not on the 80th floor where the bank will take up over 10,000 square feet. This is not a Ponzi and CCB will never ask anyone for money to take their CCB Currency out.
The currency already has 3 billion plus dollars of real estate backing. And it will be traded on several Hong Kong and Japan exchanges after the ICO. He did retain an MLM attorney recommended by a Master Team Leader who lives in Florida and has a very good reputation.
This is where the legal statement for the State Of Florida came in which has been modified to Hong Kong.
It is quite interesting that CCB is less than 4 days known. And yet the author of this website seems to know so much.
They definitely do not know anything about an ICO. Nor it’s possibilities. There will be a physical branch in Las Vegas, NV since the owner is good friends with Steve Wynn and also has an interest in Ceasers Palace.
Sounds like the Nigerian lottery scam where you have to pay a deposit to receive the big bucks 😛
You’re either in or it or have bought everything your upline told you.
Notice how there’s no specifics but just enough vagueness to solicit investment.
-Who is the owner?
-Proof of any real estate backing?
-Who is the MLM attorney signing off on Ponzi schemes?
That’s kinda one of the main purposes of this site. Y’know, BehindMLM.
I know dumping points onto affiliates you’re eventually going to have to ask money from is Ponzi fraud. Hiding it behind “ICO” buzzwords doesn’t make it any less of a scam.
What part of they will never ask for any money for people to have their points convert to dollars in a cryptocurrency do you not understand?
You do not have a clue of what the power of 25 million people is worth in an ICO offering. Even if the currency starts off at 2 cents they will get $50 worth of 2 cent currency.
The company never wanted to prelaunch before 9/19 but many MLM leaders asked for a prelaunch from 7/17 to 9/19 and then two of the Master Team Leaders asked if they could pre-position some friends and family a few days earlier.
Next thing you know over 45,000 has registered in 4 days. The Hong Kong management team is not happy about this but now they are spending a lot of time working 18 hour days to keep up with what will be the fastest growing cryptocurrency opportunity ever.
The part where you’re just making up baloney to push a Ponzi scheme.
Cryptocurrency Bank MLM can’t convert worthless CCBM coins into real money without someone investing that money first. The only viable source of revenue to pay exchanges will be affiliates, because they’ve been told the value of their CCBM coins is whatever the company has set it at.
It’s your typical carrot/stick marketing pitch:
“Hey, have these worthless tokens for free… did I tell you they’re worth eleventy bajillion dollars!”
“What, you want to withdraw the money? No, sure thing that’s not a problem… Just send us some money first, care of a prince in Nigeria. Kthx!”
I’m not interested in responding to typical marketing BS from Ponzi scammers. Any further claims from you will have to be referenced with evidence or I’m hitting the spam button.
You can start with naming Cryptocurrency Bank MLM owners and sources for your information.
BULLSHIT. I looked at coinmarketcap website earlier today and counted something like 956 seperate listings. What makes these kooks think they could eventually even reach #900?
There are never any developers or technology even named. Just shovel and sell their crap con coins, if they even have code at all. “Cryptocurrency” for digital money’s sake alone is so 2013!
UNLESS YOU HAVE ABSOLUTELY BITCHEN NEW TECHNOLOGY AND STELLAR DEV TEAM, AND ARE SOLVING A NEW PROBLEM OR OFFERING A BETTER, FASTER, MORE SECURE, SOLUTION (or Dapp), THAN STFU & GTFO!
I really hate all these shitcoin ponzi/ pyramid/ cash-gifting pseudo-crypto/ KleptoCurrency scams and scammers de-jour! Hopefully the gauntlet will be thrown down heavily in the prosecution of some (or even one) of these bigger klepto scams and these scamming fraudsters pee their pants and turn to Jesus or something! Sheesh!
Explain all the connections to the failed ponzi scam “THW Global”?
The responses here especially from K Chan seem to ring true of the responses when OneCoin was called out as exactly the same ponzi scheme.
People rarely ask the how and why questions and instead just jump straight to the signup and thats the problem with this BS. Research before you join anything.
To Tim, Jack and Jay. You are trying to compare other companies that have asked for hundreds of millions up front and got it, received it and did whatever with it.
CCBMLM has none of those ingredients. You are not comparing apples to apples.
Today is day five and they should reach over 60,000 registrations. Jack, I do not understand THW.
I did a brief search online some kind of youtube platform. Again apples to apples. The original plan of CCBMLM was to launch on 9/19.
Based on what I am reading maybe they should have waited to the launch and not given in to the few leaders who convinced them to prelaunch.
Do you know “Thomas Williams” or Phil P.?
What floor of the building are CCBMLM located on? Some members would like to visit and meet CCBMLM staff and post videos & photos online before CCBMLM asks for any money for expensive upgraded memberships or “licences”.
What floor are they located on K Chan? Ask the owner since you say you know him.
Some members may visit the office building and ask the office management if there is a “CCBMLM company” located in the building. Good idea?
Why is the CCBMLM back office identical to the THW back office. Why are the crooks at THW using their THW email list to send out CCBMLM updates?
Some members have detected the THW name in the autoresponder settings. You have been caught out.
See how easy it is for people to get sucked into these things ????
All the fraudsters / s need to do is make up a story, and a certain (small) percentage of readers will believe it without question.
Congratulations, you’re now a card carrying member of the “Cognitive Bias” club, Chan.
Where’s Mr Chan? gone? Another fictitious name like “Thomas Williams”. Did CCBMLM admins make up “K Chan” because it sounds like a Hong Kong name?
CCBMLM/THW will be hounded by questions from members. Demands to visit the admin and offices. They will not succeed in ripping off any money like they did last time at THW.
Nah, they just want to sound like me. 😉
K Chang with the “g” dropped at the end. Further proof that these imbeciles at CCBMLM are a sham and not serious.
Without a doubt, this scam is from Phil Picolo! This THW all over again with the same morons pimping it!
Fictitious “K Chan” a.k.a. “Thomas Williams” (Phil?) has gone away. Fell into his own bullcrap! His lies backfired!
Members will be going to Floor 80 and talking to the building management to find out if the phoney “CCBMLM bank” really is a tenant and then report their findings to all their teams and all over social media.
Go away “Thomas Williams THW”. Emails sent by CCBMLM are sent by the THW team and this has been uncovered in the email preferences.
THW will not scam people again. This CCBMLM scam is now exposed for what it is and all downlines will be made aware to not send any money and to stop promoting this scam.
THW Global initially marketed itself as a free opportunity. Just before launch (carrot and stick) they announced affiliate fees.
Cryptocurrency Bank MLM is the same crap all over again.
When OneCoin launched did they not also give out free quantities of this phantom cryptocurrency to entice signups?
There’s every chance the “leaders” were gifted in.
They are already started charging people for Founders Advertising Units.. lol.. Guys if you buy this you lost your money instantly… GOOD LUCK… 🙂
Fictitious “K Chan” (Phil?) are you still hiding there and reading this? Charging members money for phony “founders licences”?
It’s time members starting reporting you right now! Investigate and trace who is collecting and cashing in all the stolen CCBMLM and THW members money!
You will not get away with theft again after THW.
K “Thomas Williams” Chan do you have any response?
FAU leasing scam should stop now. There are members going to report you. This scam won’t last as long as THW.
This is interesting. Good to be informed.
This has the same look as THW Global and the same story. I’m not going to get suckered into these kind of programs ever again.
Bitcoin has now lend itself too so many Ponzi schemes as these criminals have now totally destroyed the industry.
I’m afraid of recruiting anyone into any of these programs as I hate to see people losing anymore money.
The authorities should get serious now and really get heavy on these criminals. You can’t joined any businesses online these days as 99% are all Ponzi’s.
The best thing guys is to start your own business as at least your money is safe there.
Global Coin Reserve, THW Global, CCBMLM, Thomas Williams, K Chan. Scams!
CCBMLM is not asking any money upfront, why is it being called a ponzi?
and what are they likely to gain from all these registrations since they are not asking for any money upfront?
The way a lot of people see it is they got nothing to lose, since they are not paying anymoney in, just the time spent registering.
Because at some point they’re going to have to start asking those who signed up for money, otherwise nobody gets paid.
Using affiliate funds to pay off affiliates based on invested points = Ponzi fraud.
The email addresses of a bunch of gullible suckers likely to hand over money to receive a ROI and commissions that don’t exist unless they hand over money.
Thank you so much for enlightening me, there is another cryto currency that is making a lot of waves in Nigeria, please does anyone know something about them? The difference between CCBMLM and One coin is that one coin demands upfront payments before business,
MR K CHAN kindly explain to me how CCBMLM will pay out real dollars for just getting registered,
Look up “foot in door” technique.
Since you already gave them information, you are MORE likely to give them money later than someone who did not give them any information.
Just look at “Wassub” that was hot a couple year ago, promising to share $$$ with people just for spreading their name around.
Guess what happened later? They had to change their name after Facebook banned them for spamming. They of course, claimed that “Facebook is afraid of us!” Hah.
It’s not real dollars. It’s just their proprietary points not worth anything except inside their system.
Thanks a lot, do you know anything about onecoin?
Onecoin and ccbmlm are the two crypto currencies making waves in my country Nigeria.
In the CCBMLM back office there is an “Earn Bitcoin” link which is asking for some seriously big upgrade money costing in the thousands of dollars and calling it “leasing”.
There have been reports of THW members getting emails about CCBMLM asking for money for these leasing upgardes.
This is what CCBMLM and THW are about. Offering free money in the future attract a million free members then introduce a paid ponzoi scheme and never pay any free money to anyone.
Try this article from this very site:
I am on social security and my income is poverty level. I found this opportunity, and I was excited.
I spent $50 for business cards. Then I find out its not actually Bitcoin that I will be getting $50 worth. Its CCB’s own cryptocurrency.
Well, I figured, if I earned $150 so far, if it goes up to 1 cents, I make $150. If it goes up to 10 cents, I make $1,500. If it goes up to $1, I make $15,000.
After reading the above comments I am wondering if I should try to get more people to sign up with my website into this program.
I will pass out the business cards anyways. (Ozedit: No personal MLM recommendations.)
CCB is totally bullshit. I personally reffer 24 ppl. and downline network growing rapidly. But suddenly yesterday i got an email that claim company is going to charge 0.03 bitcoin for all free acc.
Previously company claim they will not going to charge anything from their member. One can earn without spending a single penny here. But suddenly from yesterday they claim that they r going to charge ppl.
Even its not certain when my earning point will cashout. They even dont accept any payment from that earning point.
This guys just a group of bloody scammer. Be aware guys..
I hate to point out the obvious but what did you think, they were going to conjure up money to pay you with out of thin air?
The “free” was just to get you to hand over your details.
they have not asked for any money for registration, however we have to give 0.03 bit coin for minimum website maintenance fee..
They do not have any details of contact, person involved, white paper etc.
The request for minimum website maintenance fee came from gmail account. how this can be trusted
what happening now mr k chain its after lounch?
I had paid the FAU 0.05 BTC back in Sept. which was supposed to be doubled to 0.10 and able to be withdrawn.
The site tells me I do not have enough money in there to withdraw, and no one answers the support ticket. So do not put anything into their site!