Ensis Review: Confirmed Ponzi business model offering 150% a day
Ensis provide no information on their website about who owns or runs the business.
The Ensis website domain (“ensis.me”) was registered on October 12th, 2017.
Sergey Frolov is listed as the owner, with an address in Saxony, Germany also provided.
Further research reveals Frolov is the owner of a number of HYIP Ponzi scam website domains, suggesting he’s heavily involved in financial fraud.
The Ensis website defaults to the Russian language. Alexa estimate Russia is currently the largest source of traffic to the Ensis website (34%).
A Russian language popup message active on the Ensis website invites participation in an Ensis thread on a Russian Ponzi website and a 100,000 ruble “reserve fund”.
Whether Frolov operates Ensis from Russia or Germany is unclear.
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.
Ensis has no retailable products or services, with affiliates only able to market Ensis affiliate membership itself.
The Ensis Compensation Plan
Ensis affiliates invest funds on the promise of an advertised daily 150% ROI.
Referral commissions are available on funds invested by recruited affiliates, paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 7%
- level 2 – 2%
- level 3 – 1%
Ensis affiliate membership is free.
Ensis are pretty blasé about running a Ponzi scheme.
On their website Ensis describe themselves their business model as
a financial system based on the principle of the distribution cash flow.
Funds invested (by) participants later distributed among the participants.
It’s a bit garbled, but Ensis are confirming all they do is shuffle newly invested funds to pay of existing investors.
Ponzi fraud is illegal in Germany so I’d guess Frolov is operating Ensis from Russia, where regulation is a bit more lax.
Regardless, for investors the prospect of a 150% daily ROI should set off alarm bells.
At that rate a 100,000 rouble reserve fund (that’s $1739 USD) is unlikely to last even a day if enough people invest.
All of this points to Ensis being a hit and run scheme, wherein the admin seeks to raise as much money in the shortest amount of time possible before closing up shop.
Beyond the first few days of investment, don’t expect Ensis to remain operational for too long after.