CryptScalper Review: AI trading daily returns Ponzi scheme
CryptScalper provides no information on its website about who owns or runs the company.
CryptScalper’s website domain (“cryptscalper.com”) was privately registered on September 19th, 2019.
On their website CryptScalper claims to be incorporated in the UK as “CryptScalper LTD”.
UK incorporation is dirt cheap and for the most part unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.
The London address CryptScalper provides on their website belongs to a charity store.
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.
CryptScalper has no retailable products or services.
Affiliates are only able to market CryptScalper affiliate membership itself.
CryptScalper’s Compensation Plan
CryptScalper affiliates invest funds on the promise of advertised daily returns.
- Starter – invest $10 to $99 and receive 1% a day for 90 days
- Investor – invest $100 to $249 and receive 1.5% a day for 75 days
- Trader – invest $250 to $2499 and receive 2% a day for 60 days
- Pro Trader – invest $2500 to $100,000 and receive 2.5% a day for 45 days
Referral commissions are paid on invested funds down three levels of recruitment (unilevel):
- 5% on level 1 (personally recruited affiliates)
- 3% on level 2
- 1% on level 3
CryptScalper affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $10 investment.
Investment into CryptScalper is either made through PerfectMoney, or in bitcoin, ethereum or litecoin.
CryptScalper claims to generate external revenue via an “AI trading platform”, that supposedly uses “leverage trading algorithms”.
Rather than register with financial regulators and provide legally required accounting reports however, CryptScalper hangs its legitimacy on basic UK incorporation.
Is Cryptscalper legit?
Yes we are legit. We are officially registered. We have officially KYC verified trading accounts on several platforms and we are licensed in the UK.
Basic UK incorporation is not the same as being licensed to offer securities. Securities in the UK are regulated by the FCA, which CryptScalper is not registered with.
There is no evidence of CryptScalper engaging in any trading, or using any other external source of revenue to pay affiliates with.
This leaves new investment as the only verifiable source of revenue entering CryptScalper.
Using newly invested funds to pay affiliate investors a daily return makes CryptScalper a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will invested funds.
This will starve CryptScalper of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.