Dreams Digger Review: Arbitrage trading bot Ponzi scheme
Dreams Digger operates in the cryptocurrency MLM niche and is based out of Salvador, Brazil.
Heading up Dreams Digger is CEO Leonardo Araujo.
I did find evidence of a Leonardo Araujo involved in network marketing dating back to 2015, but I was unable to verify if it was Dreams Digger’s Araujo.
Consequently, and possibly due to language barriers, I was unable to track Leonardo Araujo’s MLM history.
For their part Dreams Digger fails to provide any information about Araujo on their website.
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.
Dreams Digger’s Products
Dreams Digger markets access to a trading bot they call “Next”.
Retail customers pay $10 a annually to access the Next bot. They then invest funds into it on the expectation of a return.
Both Dreams Digger retail customers and affiliates are given access to an in-house education platform.
Dreams Digger states the platform will enable users to ‘gain insight into the incredible cryptocurrency market (and) become an expert in the field‘.
Dreams Digger’s Compensation Plan
Dreams Digger affiliates earn commissions by generating investment into the Next bot.
Commissions are also paid on the recruitment of new Dreams Digger affiliates.
Dreams Digger’s Affiliate Ranks
There are ten affiliate ranks within Dreams Digger’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Affiliate – sign up either a Pro or Enterprise Pack
- Partner – recruit two affiliates and start earning residual commissions
- Sapphire – generate an accumulated 100 GV on your weaker binary team side
- Ruby – generate an accumulated 500 GV on your weaker binary team side
- Emerald – generate an accumulated 1000 GV on your weaker binary team side
- Diamond – generate an accumulated 5000 GV on your weaker binary team side
- Blue Diamond – generate an accumulated 20,000 GV on your weaker binary team side
- Red Diamond – generate an accumulated 70,000 GV on your weaker binary team side
- Black Diamond – generate an accumulated 250,000 GV on your weaker binary team side
- President – generate an accumulated 1,000,000 GV on your weaker binary team side
GV stands for Group Volume and is sales volume generated by affiliate recruitment and Next bot investment.
Retail Commissions
Dreams Digger affiliates are paid 10% of funds invested into the Next bot by retail customers.
Recruitment Commissions
Dreams Digger affiliates are paid 10% of membership fees paid by personally recruited affiliates.
They are also paid 10% of funds personally recruited affiliates invest into Next.
Residual Commissions
Dreams Digger pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
Sales volume (GV) is generated across the binary team as follows:
- direct or indirect recruitment of a Pro Pack affiliate = 30 GV
- direct or indirect recruitment of an Enterprise Pack affiliate = 50 GV
- every $50 invested into the Next bot = 8 GV
At the end of each day Dreams Digger tallies up new GV generated on both sides of the binary team.
Pro Pack tier affiliates are paid 50% of tallied up GV. Enterprise Pack tier affiliates are paid 60%.
Once GV has been paid out on, it is matched with the stronger binary team side and flushed.
Any leftover volume on the stronger binary team side is carried over into the following day.
Note that Dreams Digger caps residual binary commissions at $5000 a day for all affiliates.
Matching Bonus
Dreams Digger pays a Matching Bonus on residual commissions earned by downline affiliates.
The Matching Bonus is paid out 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.
Dreams Digger caps the Matching Bonus at three levels of recruitment:
- level 1 (personally recruited affiliates – 10% match
- level 2 – 7% match
- level 3 – 3% match
Leadership Bonus
Dreams Digger affiliates receive 25% of GV generated by affiliate membership fees, paid by affiliates down six levels of their unilevel team.
Rank Achievement Bonus
Dreams Digger rewards affiliates for qualifying Emerald and higher with the following rewards:
- qualify as an Emerald and receive an “executive watch”
- qualify as a Diamond and receive a “cruise for two”
- qualify as a Blue Diamond and receive a Caribbean trip for two
- qualify as a Red Diamond and receive a Hyundai HB20 car
- qualify as a Black Diamond and receive an “executive car”
- qualify as a President and receive a “dream car”
Joining Dreams Digger
Dreams Digger affiliate membership starts at $149 annually.
- Pro Pack – $149 annually
- Enterprise Pack – $249 annually
The primary difference between the two affiliate packs is income potential via Dreams Digger’s compensation plan.
Conclusion
Dreams Digger claims its Next bot participates in arbitrage.
Next is DD Corporation arbitration robot.
It carries out automated operations in different exchanges around the world, buying in those that have a cheaper quote and selling on those that pay more.
Yet there is no evidence of arbitrage taking place. That leaves new investment as the sole verifiable source of revenue entering Dreams Digger.
Using newly invested funds to pay existing retail customers and affiliates supposed bot returns, would make Dreams Digger a Ponzi scheme.
Supporting the fact that Dreams Digger is operating illegally is the fact the company provides no evidence it has registered with the Brazilian SEC.
Quite obviously Dreams Digger’s passive investment opportunity constitutes a securities offering.
Securities in Brazil are registered by the Brazilian SEC. In order to operate legally Dreams Digger must register its passive investment opportunity.
In doing so, the company is legally required to provide the SEC, public and investors with due diligence information regarding their claimed trading bot.
The only reason Dreams Digger would opt to commit securities fraud is if
- there is no bot (100% Ponzi); or
- there is a bot but any external revenue it generates is negligible (majority Ponzi).
Either way Dreams Digger would be operating a Ponzi scheme.
And Brazilian authorities appear to have cottoned on too. According to page 27 of this document from Brazil’s General Attorney’s Office, Dreams Digger (known locally as DG Cursos de Trader LTDA), is under civil investigation for fraud.
That announcement was made on May 31st. There’s been no updates since as far as I can see.
In any event as with all MLM Ponzi schemes, once investor referral dies down so too will new investment.
This will see Dreams Digger starved of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 5th March 2020 – Dreams Digger, operating as DD Corporation, stopped paying investors in December 2019.
Owner Leonardo Araujo confirmed the Ponzi scheme had collapsed earlier this week.
To that “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.”:
Look up “pergunte ao CEO” (eventually add a “DD” to it) on YouTube and you should find many videos (around 20 or so), done by Mr. Araújo himself, about the company.
Why do I have to look up random phrases in Portuguese (?) on YouTube? Why isn’t this information provided on Dreams Digger’s website?
On Youtube, you will find the company’s official channel: “DD TV”. There are the videos mentioned.
About your life, watch the CEO himself speak at the convention that took place last weekend in September. It is also on the company’s channel on Youtube.
Big hug!
Again, why do I have to lookup videos on YouTube? Why isn’t this information provided on Dreams Digger’s website?
There are two comments above, mentioned about the company’s own YouTube channel (DD TV), you do company analysis, they say they investigate and don’t check all the information about it, how can this?
Have you been referred to DD requests about the operation of Next Robot? The result is mischievous claims of what you think you can be, biased deductions …
I will refer you to the company’s legal department so that she has a chance to come here to have a right of reply!
And there are two unanswered replies asking why this information isn’t provided on Dreams Digger’s website?
How can this? OMG OMG OMG!
I don’t speak Portuguese, so marketing videos in that language are of no use to me. Dreams Digger has an English website, and basic company information should be provided on that website.
I assume you’re referring to the marketing videos? This information should be provided to investors through regulatory filings.
YouTube videos are not a substitute for audited accounting filed with regulators.
We welcome any reply addressing Dreams Diggers unregistered securities offering.
First point: we do not know anything about DD CEO. Some random videos on youtube does not tell anything about his past.
We can not check what he did before and how can you legally prove that DD TV belongs to site ? The CEO himself says that he only sell courses, the next robot is not his stuff.
Second point: If you Oz does not understand portuguese I will try to help you to understand what you see on youtube: Leonardo Araujo says all the time that he only sell courses about bitcoin.
He refuses any relationship with next robot. He is only a service provider to DD Corp on Uruguay.
He says that is too hard to handle bureaucracy but he forget to say that sell monetary services without bureaucracy is completely illegal.
This is clearly a Ponzi scheme. Their CEO is not known in the financial area of stock and cryptocurrency trading, not a specialist in algorithmic trading.
DD Corp. is not under control of the Securities and Exchange Commission of Brasil. All the rituals of collecting a client, keeping the invested money in their pockets, the different levels of play, the courses they advised to follow (all paid), altogether DD Corp. shows perturbing signs of a Ponzi scheme.
Unfortunately, a lot of people will get hurt. Let’s wait 2-3 years to see the ugly outcome.
I was robbed before by two online companies, one of them, the Blue Trading, with a lot of positive opinions online (still recorded everywhere on the internet), and another with not so good, but…we think we may be wrong, like with this DD corp., until one day the dream is over. With tragedy.
Just another advice: please, do not involve your parents and relatives in this scheme. Their savings also will go away.
Well the Ponzi bot is part of Dreams Digger, so Mr. CEO is obviously lying.
Well, it seems we don’t to wait for one or two years to see the tragedy…
economia.uol.com.br/noticias/redacao/2020/03/03/dd-corporation-dreams-digger-bitcoin.htm
Company that claimed to invest in bitcoins breaks down
– Company promised 11% profit through alleged bitcoin investment
– Since December, DD Corporation has not paid investors
– Public attorney opened public civil action and asks for R$ 5 million
– Business owner says company broke down and outsourced guilt
– Expert advises against investments in companies that promise high and fixed profit
I’m sorry for the victims (if we can call them as ones).
Thanks for the heads up!
you´re welcome! Thanks for the great coverage so far!
It seems that Leonardo Araujo and the old crew of DD Corporation are developing a new ponzi scheme, this time in Portugal. They call it “E-volve”.
criptofacil.com/e-volve-e-o-nome-da-nova-empresa-associada-a-dd-corporation/
e-volve.io/
Not sure if they’re behind it but I’ve added E-volve to the review list.
Will confirm when it comes up for review research.