Devon Oil fails to provide ownership or executive information on its website.

Devon Oil’s website domain (“devonn-oil.com”), was privately registered on November 3rd, 2024.

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.

Devon Oil’s Products

Devon Oil has no retailable products or services.

Affiliates are only able to market Devon Oil affiliate membership itself.

Devon Oil’s Compensation Plan

Devon Oil affiliates invest Nigerian Naira on the promise of advertised returns:

  • DVIP1 – invest 3000 NGN and receive 960 NGN a day
  • DVIP2 – invest 5000 NGN and receive 1600 NGN a day
  • DVIP3 – invest 10,000 NGN and receive 3200 NGN a day
  • DVIP4 – invest 20,000 NGN and receive 6400 NGN a day
  • DVIP5 – invest 50,000 NGN and receive 16,000 NGN a day
  • DVIP6 – invest 130,000 NGN and receive 41,600 NGN a day
  • DVIP7 – invest 270,000 NGN and receive 86,400 NGN a day
  • DVIP8 – invest 480,000 NGN and receive 153,600 NGN a day
  • DVIP 9 – invest 700,000 NGN and receive 224,000 NGN a day
  • DVIP10 – invest 1,000,000 NGN and receive 320,000 NGN a day

Devon Oil pays referral commissions on invested NGN down three levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 25%
  • level 2 – 3%
  • level 3 – 2%

Joining Devon Oil

Devon Oil affiliate membership is free.

Full participation in the attached income opportunity requires a minimum 3000 NGN investment.

Devon Oil Conclusion

Devon Oil is yet another “click a button” app Ponzi scheme.

Devon Oil misappropriates the name and branding of Devon Energy Corporation, a US hydrocarbon exploration company.

Needless to say Devon Oil has nothing to do with Devon Energy Corporation.

Devon Oil doesn’t bother coming up with a ruse. This makes it a typical “task-based” Ponzi scheme.

The assigned task in Devon Oil is “orders”. This sees Devon Oil affiliate investors log in daily to “click a button”.

Clicking the button daily qualifies Devon Oil investors to receive daily returns.

Beyond that clicking a button inside Devon Oil does nothing, there is no external revenue. All Devon Oil does is recycle newly invested funds to pay earlier investors.

Examples of already collapsed “click a button” app Ponzis using the stolen identity ruse are VIP Casio, US Solar Fund 49581 and Jumeirah VIP.

Since 2021 BehindMLM has documented hundreds of “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing

“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).

As part of a collapse, “click a button” Ponzi scammers often initiate recovery scams. This sees the scammers demand investors pay a fee to access funds and/or re enable withdrawals.

If any payments are made withdrawals remain disabled or the scammers cease communication.

Organized crime interests from China operate scam factories behind “click a button” Ponzis from south-east Asian countries.

In September 2024, the US Department of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese human trafficking scam factories.

Through various companies he owns, Phat is alleged to shelter Chinese scammers operating out of Cambodia.

Regardless of which country they operate from, the same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.

 

Update 24th November 2024 – Devon Oil has collapsed. As at the time of this update Devon Oil’s website domain is no longer accessible.