Diamonds Capital Review: 3.5% a day Ponzi scheme
Diamonds Capital operates in the cryptocurrency MLM niche.
The company represents it is headed up by CEO Robert Clarkson. Clarkson is apparently
a Doctor of Physics and Mathematics, and also a specialist in various fields of mathematical analysis.
No specific information about Clarkson is provided, nor does he exist outside of a paragraph on Diamonds Capital’s website.
It is thus assumed Clarkson, as represented on Diamonds Capital’s website, doesn’t actually exist.
In attempt to appear legitimate, Diamonds Capital provides a UK incorporation certificate for Diamonds Capital Limited.
Diamonds Capital Limited was incorporated in the UK on September 2nd, 2019.
UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.
At the time of publication Alexa cites South Korea (49%), Taiwan (24%) and Vietnam (5%) as top sources of traffic to Diamonds Capital’s website.
Despite that, it is likely that whoever is running Diamonds Capital is based out of eastern Europe.
On social media, Robert Clarkson is played by this individual:
The man has a distinct eastern European accent, making him a prime candidate for a Boris CEO actor.
In attempt to mask the actor’s ethnicity, Diamonds Capital’s earlier marketing videos were poorly dubbed over.
Diamonds Capital also provides the obligatory rented office space filled with actors video for your viewing pleasure.
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.
Diamonds Capital’s Products
Diamonds Capital has no retailable products or services, with affiliates only able to market Diamonds Capital affiliate membership itself.
Diamonds Capital’s Compensation Plan
Diamonds Capital affiliates invest USD, bitcoin (BTC) or ethereum (ETH), on the promise of advertised returns.
USD Investment Plans
- Exclusive Start – invest $20 or more and receive 1.5% a day for 30 days
- Stable Profit – invest $500 or more and receive 200% a day for 25 days
- Golden Choice – invest $3000 or more and receive 2.3% a day for 35 days
- Diamonds Capital – invest $15,000 or more and receive 2.5% a day for 40 days
- Diamonds Contract – invest $30,000 or more and receive 3.5% a day for 10 days
BTC Investment Plans
- Exclusive Start – invest 0.01 BTC or more and receive 1.5% a day for 30 days
- Stable Profit – invest 0.1 BTC or more and receive 200% a day for 25 days
- Golden Choice – invest 0.5 BTC or more and receive 2.3% a day for 35 days
- Diamonds Capital – invest 2 BTC or more and receive 2.5% a day for 40 days
- Diamonds Contract – invest 4 BTC or more and receive 3.5% a day for 10 days
ETH Investment Plans
- Exclusive Start – invest 1 ETH or more and receive 1.5% a day for 30 days
- Stable Profit – invest 10 ETH or more and receive 200% a day for 25 days
- Golden Choice – invest 30 ETH or more and receive 2.3% a day for 35 days
- Diamonds Capital – invest 100 ETH or more and receive 2.5% a day for 40 days
- Diamonds Contract – invest 165 ETH or more and receive 3.5% a day for 10 days
Diamonds Capital pays 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.
Base residual commission rates are determined by rank:
- Glass (sign up as a Diamonds Capital affiliate) – 7%
- Bronze (generate $5000 in downline investment volume) – 8%
- Silver (generate $30,000 in downline investment volume) – 10%
- Gold (generate $60,000 in downline investment volume) – 12%
- Platinum (generate $150,000 in downline investment volume) – 14%
- Emerald (generate $400,000 in downline investment volume) – 15%
- Sapphire (generate $1,110,000 in downline investment volume) – 17%
- Ruby (generate $2,500,000 in downline investment volume) – 19%
- Diamond (generate $8,000,000 in downline investment volume) – 21%
- Red Diamond (generate $25,000,000 in downline investment volume) – 25%
These base percentages are paid on funds invested by personally recruited affiliates.
They are also coded, meaning up to 25% is paid on funds invested across the unilevel team.
The coded commission is paid when affiliates at a lower rank then you in your unilevel team earn a residual commission.
E.g. You are a Platinum and someone on the third level of your unilevel team is a Bronze.
The Bronze affiliate recruits someone who invests $100. They are paid their base 8% residual commission rate.
On that $100 investment though there is still 17% to pay out (25% – 8%).
The system searches upline and finds you, a Platinum. You are paid 6%, the difference between your rank and Bronze (14% – 8% = 6%).
The system still has 9% left to pay out, so it continues to search upline for higher ranked affiliates.
Finally a Red Diamond affiliate is found, and what’s left of the 25% total residual commission rate is paid out.
Note that whenever a Red Diamond affiliate is found, they receive the full remaining residual commission rate. Nothing is left to be passed up.
This is also true when a Red Diamond affiliate recruits a new affiliate. They receive the full 25% residual commission rate, leaving nothing to be passed up.
Joining Diamonds Capital
Diamonds Capital affiliate membership is tied to a minimum investment of:
- $20 in USD;
- .01 BTC; or
- 1 ETH
Diamonds Capital represents is generates external revenue via a trading bot.
The Cryptorobot Diamonds Capital can perform automatic daily trading and increase your profit to 3.5% in 1 working day.
No evidence of external revenue being actually used to pay affiliate returns is provided.
Furthermore, Diamonds Capital’s business model fails the Ponzi logic test.
If Diamonds Capital’s anonymous admins had a bot capable of legitimately generating a consistent 3.5% return a day, what do they need your money for?
With even a modest starting capital, 3.5% a day compounded very quickly turns into a fortune.
As it stands the only verifiable source of revenue entering Diamonds Capital is new investment.
The use of new investment to pay existing investors a daily return makes Diamonds Capital a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment runs dry so too will new investment.
This will starve Diamonds Capital of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
I think you’ve overlooked their most hilarious video, the first one they put up:
It has to be seen to be believed, it’s the most preposterous bit of MLM advertising I’ve ever seen, and that’s saying something.
It must be aimed at people whose idea of success in life is becoming a Russian mobster. Except one who talks about dollars instead of rubles in a silly overdubbed voice.
It’s also a dead giveaway of where they’re based: the registration of the helicopter in which mob boss ‘Robert Clarkson’ and his boydguard goons land (after no doubt having taken off from the exact same spot a minute or so before) is clearly visible.
RA-07291, an Airbus H125, is based in Moscow. Those temporary decals they’ve stuck on it to pass it off as their own are a cute touch.
PassingBy dropping off some more great finds!
I love how. . .the cadence. . .of the dubbing. . .is so stilted. . .because it. . .must sync with. . .a non-native. . .speaker.
Not to mention how ridiculous the whole thing comes off. Like kids playing dress-up.
Oh wow, I didn’t see the helicopter one.
I like how they landed in a private airfield in the middle of nowhere.
The cryptocurrency robots of new generation! Moscow checking in!
Imagine being the schmuck they call up for voiceover. You know the English is shit but a gig is a gig so you bite your toungue.
I thought the bald-headed entourage body guards was a nice touch, since the crowds were so large he had to be protected from his adoring fans after landing in the helicopter in the middle of nowhere.
I especially liked the one where they gave a tour of their office and their Christmas Party.
At the end the actor playing Robert Clarkson over did it with his speech. All those words saying absolutely nothing or about how they pay 3.5% per day. Nice rented office suite though.
Diamonds Capital seems to have ‘paused’ ALL Withdrawals and Deposits until May 31st.
Hah, and they’ve launched a second Ponzi to cover their asses too.
Diamonds Capitals page is gone. Already on may 14 hahaha.
Aww… but Robert Clarkson was so convincing and all 🙁
Here’s the exit-scam vid: youtube.com/watch?v=aHvy0K-XB8w
VIP Packages for everyone!
The biggest scam of the century. The impostor Robert Clarkson disappeared with all our funds and subsequently opened another scam platform in Vietnam under the name Capital Assets Trade.
Please stay away from this scam. Never again. I lost a lot of money in Diamonds Capital on the 27th April when they suspended all the businesses in a short notice.
That would be quite a trick to pull off for someone who never existed.
Even if the Russian who appeared in the videos as “Robert Clarkson” was the person behind the scam (highly unlikely – what criminal would needlessly show his face like that, and therefore have it preserved forever on the net, when he can equally well hire an actor?), there’s definitely nobody involved that scam with the real name Robert Clarkson.
It’s also impossible for it to be anywhere near the biggest scam of the century, it was just another dime a dozen Ponzi/MLM hit-and-run scam, with an intentionally short lifespan.
Those don’t come anywhere near the billions that some really big scams have achieved.
Based only on the website, at first glance, the capitalassetstrade.com people certainly seem to be the same bunch, now pretending to be in Vietnam rather than the UK.
This time round, they seem to have gone for a pure fake investment scam, without an attached MLM.
Although the sign up form does have a field for “Referrer Username (optional)”, which could be something they forgot to take out when they reworked the website.
There is of course also another possibility: that it’s someone else, who just copied the entire Diamonds Capital website and adapted it for their own purposes. Including copying the Google Ads ID (AW-700940931, for what it’s worth). And leaving in the bit of the source code where the Diamonds Capital site linked to their intro video on Youtube, just commented out, even though the new outfit doesn’t have such a video.
It could all fit with a really lazy (or if one likes: frugal), different scammer at work. One could even argue that the Diamonds Capital people would be more likely to make the small effort required to make the new site seem less obviously the same.
Just changing the color scheme and replacing some of the stock pictures would only take a few minutes. And since all such sites these days are based on templates that make them near-identical anyway, that would have obscured the link considerably.
The company did not exist in the UK at all. The address they give from Liverpool is fake. They are not there.
This scam should involve proper massive Interpol investigation. Innocent people have been robbed millions because many believed in the UK registered address company status.
The company house should think about this when it comes to registering companies.
That they weren’t at that Liverpool address they gave, nor anywhere in the UK, was so obvious from the very first glance that it didn’t seem worth pointing out. Regular readers of this site have seen so many of these go by.
Although at least they picked a real address, with a real office building there. Some of these UK-registered scams either use non-existent addresses, or ones with buildings that at just a glance at them on Google Street View are clearly not offices.
Interpol isn’t a law enforcement agency, it doesn’t have any agents and doesn’t conduct any investigations. It’s just an information exchange mechanism between police forces in different countries.
Diamonds Capital was just one of an interminable series of such scams, there must be dozens of them in operation at any one time, including all the pure Ponzi scams without an MLM component.
It was also so short-lived it can’t have taken in all that much. It hardly warrants special attention.
If the authorities in the countries where they originate can’t be bothered to go after them, such schemes are pretty much untouchable. And as it happens the authorities in a lot of countries can’t really be bothered with criminals who only target foreigners.
For the authorities in the countries where the victims are, it’s almost impossible to do anything at all.
The one thing which used to be the Achilles heel, the unavoidable financial trail, has been eliminated thanks to cryptocurrencies.
In this particular case, we’re talking about yet another Russian scam.
I know that police forces in some Western European countries (I wouldn’t want to generalize, I don’t know this about all of them), the moment they look into something like this and trace it to Russia (or some other former Eastern Bloc countries), they just give up.
Without the active cooperation of Russian law enforcement they’d get nowhere, and that cooperation simply won’t happen, so it’s a pure waste of police time.
The way Companies House functions has been a British national disgrace for years.
As it happens, the one and only time someone was prosecuted and convicted of fraud in a company registration, it was a whistleblower, who carried out a fake registration and made the fact public, just to show just how easy it is to do.
Him, unbelievably, they went after.
See this article from 2018 about how completely ridiculous it is:
Remember that whenever yet another UK company registrations is shown to be fraudulent, right here on this website, by Oz or by just ordinary, unpaid members of the public posting here (like me), using nothing more than easily available online resources, we’re performing a public service which Companies House, or its political masters, can’t be arsed to provide.
And in the meantime, the idiotic Boris Johnson goes prancing around, bragging about how many more new companies are incorporated in the UK than in Germany or France. Such a great British success story.
That the reason is that scams like Diamonds Capital could never get a company registration in Germany, France or any other European country I’ve ever heard of, and that therefore scammers worldwide flock to get UK registrations, clearly doesn’t matter to him.
And those other countries they don’t need lots of expensive investigators to vet applications.
A simple in-person identity check of the new company’s directors, plus a requirement to show proof that a certain percentage of the stated capital is actually in the bank, is all it takes, and it’s the people registering the company who pay for those simple formalities, not the taxpayer.
Ah well. If they keep it up long enough, a UK company registration is sure to become a globally recognised mark of scamminess.
Companies House opened its doors to scammers ten years ago. At this point saying “It had a UK incorporation certificate so I thought it was legit” is like “It had a certificate written on tree bark in crayon so I thought it was legit”.
To be fair to the blond troll, if the price of a UK person being able to start their own business without risking their house is that a few wannabe scammers lose their money to a scam with a UK certificate, instead of a scam without one, that seems like a good trade to me.
Not all companies incorporated in the UK are scams, most are just one man bands and mom and pop stores, incorporated mainly for tax efficiency.
Fundamentally Diamonds victims didn’t believe in the scam because it had a UK certificate, they believed it because they wanted to get rich quick.
A scam could have a seal of approval from a member of the Royal Family (stranger things have happened), if it claims to pay 3.5% a day it’s still an obvious scam.