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.