Elamant Review: Saivian receipt rebate Ponzi clone
Elamant launched in late 2017 and appear to operate out of Singapore through “Elamant PTE LTD”.
Elamant PTE LTD was incorporated in October 2017. A search of the Singapore address used for incorporation reveals multiple businesses using the same address.
This suggests Elamant might be using a virtual office service and thus exists in Singapore in name only.
Heading up Elamant is President and CEO, Ryan Evans.
Evans is based out of California in the US, which is likely where Elamant is actually being operated from.
Prior to Elamant Evans (right) was Operations Director for the Saivian Ponzi scheme.
Saivian affiliates invested $125 a month on the promise of a daily ROI of up to $3000.
ROI payments were tied to direct and affiliate recruitment, with the recycling of newly invested funds to pay existing investors constituting Ponzi fraud.
Attached to this was a receipt cashback scheme, through which Saivian claimed it was selling shopping data provided by its affiliates.
Saivian primarily duped investors in Asia. The scam came crashing down in mid 2017, following the arrest of several top investors in China.
Saivian’s US ownership and management remain at large. As at the time of publication, US authorities have failed to take action against any Saivian executives.
Preliminary analysis of Elamant strongly suggests it is essentially a clone of the Saivian Ponzi scheme.
Read on for a full review of the Elamant MLM opportunity.
Elamant Products
Elamant has no retailable products or services, with affiliates only able to market Elamant affiliate membership itself.
Elamant affiliate membership provides access to a receipt cashback scheme and discounted travel booking portal.
The Elamant Compensation Plan
Elamant affiliates invest $128 a month on the promise of an annual ROI of over one million dollars.
Elamant ROI payments are tied to direct and indirect recruitment of affiliate investors as follows:
- Consultant (maintain at least three personally recruited affiliate investors and have a total downline of twelve or more affiliate investors) = $100 weekly ROI ($5200 annually)
- Senior Consultant (recruit and maintain at least four affiliate investors and have a total downline of forty or more affiliate investors) = $180 weekly ROI ($9,360 annually)
- Executive Consultant (recruit and maintain at least five affiliate investors and have a total downline of eighty or more affiliate investors) = $280 weekly ROI ($14,560 annually)
- Manager (maintain at least five personally recruited affiliate investors and have a total downline of one hundred and fifty or more affiliate investors) = $720 weekly ROI ($37,440 annually)
- Senior Manager (maintain at least five personally recruited affiliate investors and have a total downline of three hundred or more affiliate investors) = $1200 weekly ROI ($62,400 annually)
- Executive Manager (maintain at least five affiliate investors and have a total downline of five hundred or more affiliate investors) = $1530 weekly ROI ($79,560 annually)
- Director (maintain at least five affiliate investors and have a total downline of seven hundred and fifty or more affiliate investors) = $1800 weekly ROI ($93,600 annually)
- Senior Director (maintain at least five affiliate investors and have a total downline of one thousand or more affiliate investors) = $2300 weekly ROI ($119,600 annually)
- Wood Executive (recruit and maintain at least six affiliate investors and have a total downline of four thousand or more affiliate investors) = $4800 weekly ROI ($249,600 annually)
- Fire Executive (recruit and maintain at least seven affiliate investors and have a total downline of six thousand or more affiliate investors) = $7000 weekly ROI ($343,000 annually)
- Earth Executive (recruit and maintain at least eight affiliate investors and have a total downline of eight thousand or more affiliate investors) = $9000 weekly ROI ($468,000 annually)
- Metal Executive (maintain at least eight personally recruited affiliate investors and have a total downline of sixteen thousand or more affiliate investors) = $12,250 weekly ROI ($637,000 annually)
- Water Executive (maintain at least eight personally recruited affiliate investors and have a total downline of thirty thousand or more affiliate investors) = $18,000 weekly ROI ($936,000 annually)
- Elamant Executive (maintain at least eight personally recruited affiliate investors and have a total downline of fifty thousand or more affiliate investors) = $38,462 weekly ROI ($2,000,000 annually)
Elamant downlines are tracked through a unilevel team, filled via direct and indirect recruitment of affiliate investors.
Personally recruited affiliates are placed on level 1 of an Elamant affiliate’s unilevel team.
The maximum number of downline affiliates in a unilevel leg able to be counted towards required totals decreases based on rank:
- Consultant and Senior Consultant = no more than 50% of required downline affiliates counted from any one unilevel leg
- Executive Consultant to Senior Manager = no more than 40%
- Executive Manager to Senior Director = no more than 30%
- Wood Executive to Earth Executive = no more than 25%
- Metal Executive and Water Executive = no more than 20%
- Elamant Executive = no more than 15%
Joining Elamant
Elamant affiliate membership is $128 a month.
Conclusion
There’s no question that the mass data collection niche is big business.
The scale at which Saivian and Elamant purportedly perform it at though, when compared to advertised ROI amounts is laughable.
In addition to providing zero disclosure regarding the generation of external ROI revenue through the sale of data, Saivian primarily having an investor-base in China destroyed the argument.
To their Chinese investors, Saivian was a vehicle to pump $125 into each month, recruit others who did the same and get paid a daily ROI for it.
Elamant is the same. A hilarious attempt to mask the use of newly invested funds to pay existing investors, sees Elamant claim to be paying affiliates per hour based on services rendered to their downline.
With the $128 monthly fee the only verifiable source of revenue entering Elamant, that it is being used to pay monthly ROIs is a given.
Further confirmation is available upon consideration that ROI payments are tied to ongoing payment of the $128 fee, as well as recruitment of affiliates who also pay $128 a month.
Elamant’s MLM opportunity has nothing to do with the receipt cashback scheme or booking discounted travel.
The receipt cashback scheme and discounted travel portal are simply smoke and mirrors, used to mask the fraudulent nature of Elamant’s underlying Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment slows down so too will $128 a month ROI revenue payments.
This will see those at the bottom of Elamant’s company-wide unilevel team sink $128 a month into the company with no return.
Eventually they stop paying their fee, meaning those above them stop getting paid.
This slowly trickles up far enough along the Elamant company-wide unilevel team, until an irreversible collapse is triggered.
Or with Saivian still fresh in the minds of Chinese authorities and perhaps on the US regulatory radar, perhaps Elamant will be shut down sooner rather than later.
That said, perusal of Ryan Evans’ Facebook profile reveals targeting of gullible investors in Vietnam, Singapore and Mexico.
Why Elamant is not being promoted in China and Evan’s native US should be obvious.
Update 16th October 2019 – Ryan Evans has been added as a defendant to the SEC’s Saivian Ponzi lawsuit.
Update 16th November 2020 – A reader got in touch to advise Elamant made some changes to their compensation plan.
Upon checking it out I found a June 2020 compensation video on Elamant’s official YouTube channel.
The primary difference is the company is paying less per rank for the same qualification criteria. They also renamed a bunch of ranks and added upper “element” themed ranks.
I’ve added the new ranks and corresponding updated ROI amounts to the review.
The only other significant update to Elamant is Ryan Evans has found a market of gullible investors to steal from in Japan.
At the time of publication Alexa ranks Japan (68%) and South Africa (18%), as primary sources of traffic to Elamant’s website.
Recruitment in Japan appears to have taken off around May 2020, prior to which Elamant had effectively collapsed.
According to his Facebook profile, Ryan Evans is living in California. He remains a defendant in the SEC’s Saivian Ponzi case, which is still playing out.
Whether the SEC takes action against Ryan for essentially running his own Saivian clone remains to be seen.
Update 21st May 2021 – Elamant’s “send us your receipts” Ponzi scheme has collapsed.
Ryan Evans has rebooted the scam with a new education platform. Elamant’s advertised rank-based weekly returns remain the same.
What a piece of crap this Ryan Evans is, hopefully the authorities will get this scumbag before he hurts more victims.
yep, spot on Oz.
More gullible people being hoodwinked unfortunately.
I have a growing list of people being snared.
And yes, it has the introduce three to be free each month, just like Saivian.
It’s very interesting to see how Ryan Evans manipulates women to get what he wants.
Worth checking out a review on his Elamant Facebook fan page where an ex leader shares screenshots of him trying to manipulate her into not withdrawing money.
He now has an investment company in his business and is still fooling members into working for free.
Once again being marketed in some of my groups today.
Appears they may have had some sort of relaunch.
Seeking details.
Elamant is now in South Africa and growing into Africa as a whole and a friend of mine just recruited me.
I haven’t made any payment yet for membership and that is why I’m here to find out what others think about is to avoid falling into another SCAM.
I nearly even showed my crowdfunding group #AganangSocialClub and #SmartPermissionMarketing for #localbusinesconsultants
It was going to be a mess to promote illegal Ponzi scheme while my team trust me for getting involved in legal and sustainable businesses to raise funds for ourselves so we can enjoy our #financialfreedom and leave #legacy for those still growing family.
Ugh, leave the hashtags on social media thanks.
How does the money move out of South Africa? The SA Reserve Bank polices the movement out of the country like an old fashioned secret police.
They are definitely in SA. Payments are apparently done via Bitcoin, thats probably how they remain on the low down.
Where would one report such activities to be investigated?
You can try local authorities but South Africa doesn’t have the best track record for going after MLM scammers.
Is elemant valid in Namibia also?
Elemant is a Ponzi scheme. It’s not valid anywhere in the world.
Elamant is registered in South Africa with a company registration and abiding by tax laws.
Reading this post clearly shows that this Blogger has not correctly investigated the Company as what we see Elamant to how it is explained here is a complete different company as well as two different owners between 2 different companies.
I guess this post will just get deleted however, thumbs up to the blogger if it stays!
Basic incorporation is meaningless. A securities offering needs to be registered with financial regulators.
In South Africa securities are regulated by the FSCA. Elamant is not registered with the FSCA.
Registering would require Elamant to provide evidence it isn’t running a Saivian clone Ponzi scheme.
Elamant was launched by a former Saivian Ponzi scammer. No idea what company you’re talking about.
Pretending Ryan Evans isn’t behind the company because US authorities have sued him is pure lulz.
I joined elamant on the 6th of feb..I would love to ask when should I start to upload receipts because I’m asking lot of people and they are telling me different things..
Should I start to upload them even now or i have to wait 6th March.
#I’m a student and I want to fund my study.
Doesn’t really matter to be honest, your receipts have nothing to do with returns.
Elamant uses the receipts ruse the same as Saivian did.
Elamant is soon opening it’s bigger office in Kwazulu Natal, RSA, which Ryan Evans will personally attend and be here for a couple of days to have meetings and address people etc etc.
I find it strange that a scammer would show himself in the open for a couple of days, address clients and members, just to show everybody what a “scammer’s” face looks like.
The bottomline is, we as members are being paid every month both for data provided as well as consultation fees.
Can somebody give a name of a Ponzi sceem that pays you consultation fees please??
Oh gawd, another Ponzi scheme lining up to rape and pillage South Africa?
You might have to wait a bit, Crowd1 isn’t quite done ransacking the place.
Why? Plenty of MLM Ponzi scammers do it.
Prove it. Where is the legally required filed audited accounting?
Yeah, nobody is paying you consult fees. All you’re doing is stealing money from people who join after you.
Y’all know you’re just going to wind up funding Ryan Evan’s Saivian Ponzi settlement right?
SEC vs. Saivian, Eric Dalius et al. Happy reading!
That’s because fraudsters know naive people can’t or won’t believe a ponzi fraudster would “show his face” publicly.
Google Bernard Madoff – Charles Scoville – Andy Bowdoin – Paul Burks – Charles Ponzi” and you’ll (hopefully) realize how wrong you are
It looks like you people have been involved in a lot of scams hey OZ ??
hell Ferdi, everything in South Africa has happened in English since 1994 and you still can’t speak it properly.
Laat ek jou help. Jy is ‘n dief
Involved no, reviewed yes. Going on eleven years I believe.
Oz and the rest of you knocking Elamant and Ryan, If you so sure it’s a ponzi and he is stealing peoples money why not go to the launch in March of our office in RSA or ask Ferdi to arrange a one one with Ryan.
It’s easy to knock somebody when they not there to defend themselves. Iv’e been a member since December 2019 and Iv’e been paid every cent I was suppose to receive.
Keep to what you know and you defiantly do not know Ryan or Elamant or you wouldn’t be running your mouth on matters you know nothing about. Come to a meeting and actually meet people who are making money.
Having a one on one with scammers doesn’t change the fact Elamant is a Ponzi scheme.
Who’s knocking? Ryan Evans is a defendant in an SEC lawsuit against Saivian.
Saivian was a Ponzi scheme, and Elamant is a 1:1 clone of it. These are facts.
You dumbasses in South Africa are getting ready to fall for it again. And the worst part is you’re running around telling everyone else they don’t know anything.
Fuck me dead Africa, I can only take so much.
Oz I never said you don’t know anything all I’m saying is get the facts from the man himself.
If you right, your right no problem. Everything of the best in your ventures
What additional facts am I going to get from Evans?
The SEC has laid out Evans’ fraud in their Saivian lawsuit. Evan is a defendant in the lawsuit. This is on the public record.
As per its business model, Elamant is a 1:1 clone of Saivian’s Ponzi model.
Those are the only facts that are relevant here.
@ingrid
How do you know that the scammers arent lying and calling it facts ?
Istnt the facts that oz points out (hey atleast he didnt charge you a fee to get them) our the facts stated by laws our regulatory bodies worth more then a scammers?
@OZ I believed you and was about to get a loan to join with my 3 people. Thanx for the info, I will be drinking my water and minding my business.
Don’t just blindly believe, verify.
We’ve already covered the SEC’s complaint against Saivian. If you read the allegations you’ll see the same applies to Elamant.
Evans and Elamant aren’t registered with financial regulators because the receipt shtick is bullshit. Just like it was in Saivian.
Hi All,
Problem with them is the fact that they are not really selling any product, and none of their clients are known. The question is then, in an age where all data collection is done on the internet, who uses slips as a base, and how do they get their money….
If they are not registered with the South African financial regulators, and they work through Bitcoin, what else do you need!
Good morning
I an interest in to knowing more about this elamant.
how does one become a member and how do receipts pay?
Hai, Elamant is a Ponzi scheme.
You sign up and give your money to people who invested before you.
The receipts don’t pay anything. Collecting them is just busybody work to give gullible morons something to do.
Hi I need your help please
Timothy Wagner offers Elamant as a product via his company called My Wealth Method / Legacy in South Africa.
I have been mislead, lied to and they owe me money which I have been trying to get back, but to no avail. I tried talking to him but was completely shut down and pretty much patronised.
How do I lodge an official complaint re: unethical business practice and finally get my money? If you are unable to assist, I will have to file an official complaints to the SA Ethics and Compliance board
Looking forward to your response.
Thank you so much
Mireille Soum
If you’re trying to get back your initial investment, pursue the processor.
If you’re trying to get back monopoly money returns, they don’t exist.
i have been scammed before. ponzi schemes have been in south Africa for a very long time. people do not listen to advices and ignore facts.
for example i know of scammers who have offices and registration papers (which means nothing), i can register a company i do whatever i want. (i literally know how to register a company and i have registered about 4 or 5)
the first ponzi that i know of was back in around 1993, called “sun multi surve”,they had office in most part of south Africa. they took the money and varnished.
in around 2018 there was scam called “open field farm (or poultry). they had everything in order ( registration, website, office and landline) they took the money and varnish.
there were other scams in between the years i have mentioned. becareful before you get exited.
however the money is yours, do whatever you want.
the people you have recruited may do bad thing to you or your loved ones (research about this in south Africa).
My Fellow South Africans. You are being scammed! Wake up!
I have been in business for years and the simple mathematics just doesn’t add up!
We will be reading about you in the newspapers soon. We will be watching how some of you will be on the run from your down lines who will be baying for their money and your blood!
Don’t create unnecessary enemies, stay clear of this obvious Ponzi scheme! Thugs generally don’t want to look like thugs… South Africans get caught every time and that’s why generally we cannot establish sound small and medium business with good success. We want easy money!
We feel safe if we are many… Well this herd mentality and exaggerated hype is exactly what these scammers thrive on.
This scam is now also in Eswatini and the beneficiaries are not declaring their activities.
People will get the biggest shock of their lives when the tax regime makes their assessment of how much tax you owe government. You can’t hide because people talk and talk and talk…
A close friend is a member and I see signs that its getting close to its the end her SA.
They have just been told that each member must pay $10 fee into a personal account of someone senior. Why not a company account?
The earnings that they talk about are not in real money but what they call “passes”. You convert a pass into cash by selling to a new member or someone that needs to renew subscriptions. No new member means “passes” become useless and that will be the end of it.
The people attracted to these ponzi schemes are so blinded, its very difficult to convince them out of them.
It’s a Ponzi scheme and they are running out of new victims, so they’re attempting to double-dip into their existing population of rubes.
Do not let your friend fall for it; it will just mean more money lost, a longer wait for it to come crashing down (and it WILL, they ALL do), and possibly more victims losing more money to those thieves.
Good luck, though. The brainwashing is strong.
It seems hard to believe that it can be a Ponzi scheme but when facts are presented, one shouldn’t turn a blind eye to reality.
It’s like being told don’t worship Satan yet we are sinning thus promoting the devil’s agenda.
By promoting Ponzi schemes, we become like weaker cells that carry the Corona Virus further in the bloodstream.
Forewarned is Forearmed..am a new member, I’ll try to get something out so that I get paid because we all need money nevertheless. Bank are (Ozedit: derails removed)
If this scam pays me, I shall continue with it until such time that it becomes liquidated.
“I’m a scammer and I don’t care who I have to steal from to recoup my Ponzi losses.”
Got it.
I 100% AGREE WITH OUPS.
THIS IS A SCAM. AND I AM DISGUSTED BY SET K’S COMMENT. SHAME ON YOU.
I ALSO FELL SHORT OF THIS COMPANY AND WAS SCAMMED. LUCKILY I SMELT A RAT AND STOPPED IMMEDIATE.
NO BEFORE ENROLLING MY CLOSE FEW FRIENDS, WHO THANK GOD UNDERSTOOD THAT WE HAD ALL BE DUPED.
THE THING HERE IN SA. IS THAT THESE PEOPLE USE THE GULLIBLE, NAIVE, DESPERATE MAJORITY WHO ABSOLUTELY TRUST THEM ( ESPECIALLY WHEN THEY TELL THEM THEY ARE CHRISTIANS!!!) TO JOIN THESE SCHEMES IN ORDER TO MAKE ALL THEIR TROUBLES GO AWAY. D I S G U S T I N G!!!!
I HOPE THEY ALL GET THEIR TRUE UPPANCE.
PLEASE PLEASE PLEASE PEOPLE DO NOT FALL FOR THIS WICKED SCHEME AND SMOOTH TONGUES THAT DECEIVE AN CONIVE ….
I have been following the story of Saivian and the Ryan Evans case since a family member of mine joined and signed us all up (which was last year).
I don’t know why but always just had that bad feeling in the back of my mind, an unsettling feeling about this company.
Due diligence, research is something I always do. And thank God I didn’t continue or build a team with Elamant especially after reading all of this.
Ryan kept postponing the date of the “Launch” and this was within the timings of the articles I was reading (either appearances in court or maybe not being able to leave the US) I don’t know and there was always a “new website coming”. I honestly found that highly suspicious.
Whenever we needed to find out something from a top leader and I’m talking about necessary information we were blocked on social media platforms.
I personally went to his Facebook page and he keeps creating new profiles. People are asking him about Saivian because they are left in the dark.
The most suspicious part was the last “website migration” when we were asked to pay $10 or $20 for new passes or something but why into a personal account and why do we as existing members need to pay again?
Thank you so very much for all the warnings. Unfortunately I had just joined, but not ready to recruit anyone to be a victim as i am.
Money will always come and go, the fact that we work for it. It’s very sad that it never stops. These people will just not leave us alone, how sadly ☹️. They actually don’t know when to stop.
It’s also alarming and questioning that the authorities don’t intervene. Bringing the scammers to justice, until how long? A big thank you to Oz.
I had just joined Elamant. Sounded very legit because of few people whom I’ve seen get paid.
Please make relevant South African authorities aware if this is a scam.
Thank you.
Is this a genuine operation. I deposited my money. l am looking forward to get it back.
Ponzi schemes by definition aren’t genuine. Your money is gone, sorry for your loss.
Sadly I had joined but an existing member had paid using a pass on my behalf. He wants his money back and I don’t want to continue in this dirty scheme.
Please help how can I get him off my back because I have no money to pay him
A scammer funded an account they set up for you and now wants their money back?
Tell them to piss off. They blew their own money on a Ponzi scheme, the loss is their responsibility.
If you withdrew money you were supposed to pay them back, that’s between you and them.
Going down to the local cop shop is also an option.
OZ you truly naive and the day you will wake up it may be too late. Scammers have it all covered up.
Once someone has been involved in a scam they begin to feel untouchable. Russ of bitclub network came to South Africa more than 4 times and opened an office here yet it was a scam, Dan Anderson of LEO opened offices here in SA and appeared several times to us and even invited some of our leaders to the house of parliament in UK where he presented leo and yet all that Leo was it was a scam.
Dont ask us which scammer would show his face in Public. Ryan Evan’s was the president and CEO of Saivian ponz Scheme. He stays outside of California in USA and yet the company Elamant is registered in Singapore and a recent investigation on the physical address proved there no physical office in Singapore under Elamant.
Go yourself and take pictures of the office. Dont try to be a hero because you will hurt many people when this thing goes down because it is going down period.
I take it comprehension isn’t your strong suit then.
It’s simple. When you have to pay someone in order to get paid for work that you do, YOU ARE BEING SCAMMED.
And when you have to get people under you who have to pay in order for you to be paid, YOU ARE BEING SCAMMED AND YOU ARE SCAMMING THOSE PEOPLE.
And if you are too gullible to understand that after being warned, don’t complain if you lose your money or worse.
Another Ponzi , it’s saddening how people here in South Africa are being scammed by this pricks.Instant gratification is bad
Ferdi did you get paid by Elamant directly or did you sell passes to new members to get paid?
A reader reached out to inform me that Elamant’s compensation plan had changed.
I’ve updated rank criteria and ROI amounts, which appear to have been changed on or around June 2020.