Exp Asset Review: $100 minimum investment bitcoin Ponzi scheme
Exp Asset provides no information on their website about who owns or runs the company.
The Exp Asset website domain (“expasset.com”) was privately registered on March 10th, 2018.
On its website, Exp Asset claims to be incorporated in Nevis as Silesia Capital Management.
There is no legitimate reason for an MLM company to be incorporated in Nevis.
Common reasons jurisdictions like Nevis are chosen by MLM company owners include tax evasion, money laundering and corporate secrecy.
At the time of publication Alexa cites China as the largest source of traffic to the Exp Asset website (31%). The US (18%) and Korea (10%) follow closely behind.
It is highly likely that whoever is running Exp Asset is based out of one of these three countries.
Update 9th December 2018 – Turns out Exp Asset is a European company. Exp Asset marketing material credits Patryk Krupinski as CEO of the company:
According to his LinkedIn Profile, Krupinski is based out of Luxembourg. Originally however he appears to be from Poland.
Note that although Krupinski lists his CEO position as terminating in August 2018 on LinkedIn, he is still actively promoting Exp Asset on his Facebook profile.
As far as I can tell, Krupinski doesn’t appear to have an MLM history. /end update
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.
Exp Asset Products
Exp Asset has no retailable products or services, with affiliates only able to market Exp Asset affiliate membership itself.
The Exp Asset Compensation Plan
Exp Asset affiliates invest on the promise of a 1% ROI paid daily for 120 days (120% total ROI).
The minimum amount Exp Asset affiliates can invest at a time is $100, deposited in bitcoin.
Exp Asset affiliates who invest $1000 or more qualify for an 8% referral commission on funds invested by personally recruited affiliates.
Exp Asset 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.
At the end of each day Exp Asset tallies up new investment volume on both sides of the binary team.
Affiliates are paid 10% of generated volume on their weaker binary team side.
Note that in order to qualify for residual commissions, an Exp Asset affiliate must recruit and maintain two active affiliate investors (one on each side of the binary team).
Exp Asset rewards affiliates with “prizes” upon meeting the following qualification criteria:
- Sixth Prize (invest at least $500, generate at least $20,000 in investment volume on your weaker binary team side, recruit at least three affiliates and have a downline of at least 200 affiliates) = “smartwatch”
- Fifth Prize (invest at least $1000, generate at least $60,000 in investment volume on your weaker binary team side, recruit at least six affiliates and have a total downline of at least 500 affiliates (max 200 from any one recruitment leg)) = iPhoneX
- Fourth Prize (invest at least $2000, generate at least $120,000 in investment volume on your weaker binary team side, recruit at least twelve affiliates and have a total downline of at least 1000 affiliates (max 400 from any one recruitment leg)) = MacBook
- Third Prize (invest at least $5000, generate at least $500,000 in investment volume on your weaker binary team side, recruit at least 15 affiliates (two of which have qualified for the Fourth Prize) and have a total downline of at least 2500 affiliates (max 1000 from any one recruitment leg)) = Rolex or Breitling watch
- Second Prize (invest at least $15,000, generate at least $950,000 in investment volume on your weaker binary team side, recruit at least 20 affiliates (two of which have qualified for the Third Prize) and have a total downline of at least 15,000 affiliates (max 6000 from any one recruitment leg) = Porsche 718
- First Prize (invest at least $25,000, generate at least $1,650,000 in investment volume on your weaker binary team side, recruit at least 25 affiliates (two of which have qualified for the Third Prize and one for the Second Prize) and have a total downline of at least 25,000 affiliates (max 10,000 from any one recruitment leg) = Porsche 911
Note that the First Prize can only be obtained if an affiliate forfeits the Second Prize when they qualify for it.
Joining Exp Asset
Exp Asset affiliate membership is free, however affiliates need to invest at least $100 to participate in the attached MLM opportunity.
Exp Asset investments expire every 120 days, after which an affiliate needs to reinvest in order to continue earning.
Note that all payments in and out of Exp Asset are made in bitcoin.
Exp Asset claims to generate external ROI revenue through
trading on financial markets, mining cryptocurrencies, trading on cryptocurrencies and making arbitrage.
In addition Exp Asset invests in start-up projects.
Naturally no evidence of Exp Asset undertaking any of these activities is provided.
Nor, by their own admission, is Exp Asset registered to offer securities in any jurisdiction they operate in.
What you’re left with is a bog standard MLM cryptocurrency Ponzi scheme.
Exp Asset takes newly invested funds and uses them to pay existing affiliate investors a 120% ROI.
Referral and residual commissions add an additional pyramid layer to the scheme.
As with all MLM Ponzi schemes, a decline in affiliate recruitment will correspond with a decline in investment.
This will starve Exp Asset of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
At 3:15 min mark they say they have a polish legal office that certified it. Lol. Any info on them being a real office?
Is this a mlm company since i did not see any 2 or 3rd level referal bonus.
They also show the name and picture of the “ceo” does he have a mlm background?
Are you really investigate? They have CEO Patrick Krupinski and if you search him, it’s a history in internet of trading. 2 persons who do trading live are traders with history in the market. Real people!
You really investigate? Man you really don’t have the correct facts with this one.
Patryk Krupinski hey. Thanks for the presentation, I’ve added that information to the review.
Any legal office that fails to recognize an unregistered securities offering when it’s staring them in the face is professionally negligent.
How many times have we seen Ponzi victims fall for the “but our lawyers said…” crap?
Yes so says the Exp Asset marketing material.
Other than a few dodgy looking companies nobody has ever heard of on his LinkedIn profile, where is Krupinski’s trading history proof?
Not that it ultimately matters, as whether Krupinski has a trading history or not has nothing to do with Exp Asset operating illegally.
Why isn’t Exp Asset registered with securities regulators in China, Korea and the US? Additionally in China Exp Asset needs an additional MLM license to operate legally. Where is that?
And have you considered why Krupinski hasn’t actively marketed in his native Poland? He’s busy scamming gullible morons halfway across the world for a reason.
do you know u.s. expasset prompter alex chang information ? thanks.
No idea who that is.
What I can tell you is nobody by the name Alex Chang is registered to offer securities in the US.
Legal office „Rafał Kufieta” from Wrocław, Poland: kancelariakufieta.pl/en/
Owner: Rafał Kufieta
This legal office works for:
– MLM FutureNet
– MLM Exp Asset
– Damian Żukiewicz (he is a MLM distrubitor for FutureNet, Netleaders (Dascoin) and other schemes)
Rafał Kufieta claims that MLM is in fact a legal and safe way of doing business:
A year ago Rafał Kufieta tried to silence Polish internauts sending them threats of legal action against them. Reason: comments on wykop.pl stating that FutureNet is a pyramid scheme and Damian Żukieiwcz is a scam artist.
Lol, sounds more like a rubber stamp factory for fraud than an actual law firm.
SCUM beliv me.
Interesting, but why Nevis seems to be bad? It is not like Marshall Islands etc.
There’s no legitimate reason for an MLM company that is operated out of Luxembourg (a dodgy jurisdiction itself) to be incorporated in Nevis.
The only reason scams register in dodgy jurisdictions is to avoid regulators and/or for corporate shielding once they inevitably collapse.
I heard EXP Asset will crash within the next months. All big leaders that have promoted EXP Asset have already left the boat and are promoting other projects.
For example Bart Heart (facebook.com/Bart1Heart) he was one of the first that was promoting EXP Asset. Further big leaders Ari Maccabi, Rafal Pietruk (facebook.com/ralf.pietruk) etc.
ARI MACCABI- If the king of scam artist is in it, expect to loose everything. This guy has screwed so many people around the world, needs to be behind bars.
Indeed Ari Maccabi is the king of scam. He is now promoting together with a further scammer „Sean Logan“ a new company called Karatbars, it is a shady business too.
Regarding EXP Asset I found a interesting video on YouTube: youtu.be/kXbw7_xncM0
Furthermore some of the top leaders, Kamil Niedźwiecki and Paul Wojnicz, are trying to push on EXP Asset whilst they create a lot of fake profiles on Facebook like Roberto Fasseli, Arthur Fosher, Walter M. Rhodes, Cody Dylan, Paul Sathern, Michael Lewandowsky, Marek Nawrot, Simon Jansen etc. They create fake profiles day by day in order to convince people.
Lol @ Regus logo in the background. He rocked up to a virtual office address…
I have put $10000 in ExP.
EXP ASSET it’s the best business since 2017 🙂 100% transparent with real ceo.
If Exp Asset is so transparent, why aren’t they registered with securities regulators? And why is there no third-party audited accounting?
And 2017? Exp Asset didn’t exist until Q2 2018. You’re full of shit son.
i am earning every other week at exp asset. i have got all my investment back and now, because of compounding i am able to invest one week and withdraw the next all on their money now.
like i say, i have recovered every penny i invested. i only referred 2 people because they were friends. one has gotten all his money back and left. the other has gotten all his money back and reinvested.
you make the statement that Exp Asset has no retailable products or services, with affiliates only able to market Exp Asset affiliate membership itself.
but if you were a member you would know that they have lots of services that people would pay for in the crypto industry like learning how to daytrade crypto, they give out trade signals and many others depending on the amount you invest.
as for the being registered with securities regulators, who cares. if they can get away with it why would they spend any of their profits to any country that is trying to take their money just to keep track of them and stick their nose into all their customers business.
someone seems to have not researched this very well at all. how do people become trolls like this and beat a paying business into the ground even though they never invest in it and gave it a chance?
oh, they also mine bitcoin and make profits.
Cool. Here’s a cookie.
So you got in early and are one of the few people who’ll be able to steal back what you invested and more. Here’s another cookie.
Members = affiliates, not retail customers. Exp Asset has no retailable products or services.
Anyone looking to join a legally operated business.
SEC registration cost is minimal, as is filing fees. If you can’t meet the minimum cost of operating legally around the world (not just in the US), you shouldn’t be in business.
Of course the cost of operating legally is a red herring. The only reason Exp Asset operates illegally is because it’s a Ponzi scheme.
Prove it. You can’t.
the son of Madoff… My mom wanted to invest on it, because of your website I was able to prove my thinking about this.
they engage to give 20% per year guarantee in investing on cryptocurrency, it is impossible as it is depending of the stock exchange valuation.
as well there is know financial report or any information.
the one who are receiving there money back are receiving the money from the new comer.
if they are not able to find new investor they will stop to pay there clients.
I know people who went to poland made pictures with Patryk Inside the miningfarm.
These guys have daily whatsapp contact with Patryck, and they have A LOR of other services that they sell as part of learning materials etc.
Social media photo ops are not a substitute for legally required securities registration.
Nor is it evidence of external revenue being used to pay affiliates.
The only service Exp Asset offers is a passive investment scheme, funded by subsequent investment.
This Exp Asset shame will go down very soon.
I signed up with exp asset in 2017. Every week I get payed out in Bitcoin, no issues whatsoever.
Ceo is Patryk Krupinski and the company has 2 legal audits.reserve funds of more than 100 million $ in crypto.
Exp asset has its own mining farm in Poland. In 2020 they will launch there own exp asset coin.
don’t take my word for it, do your own due diligence.
A Ponzi scheme pays out as long as new investment is made. What’s your point?
Legal audit != audited accounting filed with financial regulators. Exp Asset continues to operate illegally.
Can’t be proven without audited accounting submitted to financial regulators.
And there’s the exit-scam. Sorry for your loss.
Patryk Krupiński it’s a total scammer!!! He promote himself as a best trader in Europe, but he don’t have any experience in trading at all. He works as a normal trader earning 2000 euro in Poland.
I hope this scam will be closed soon and he will go to jail.
Exp Asset started to blocking accounts of many people. It means they will collapse soon…
Remember that this scam build perfect duet Patryk Krupiński and his wife Joanna Szwed.
Both of them need to go to prison for scamming so many people.
Haha already a lot of leaders stopped with promotion of this SCAM and it’s going DOWN…
Look at their withdrawals wallet: blockchain.com/pl/btc/address/32PRUAsEW9AiTgLrdgg98q4qt1Huqd6tQP
They still adding money as it’s almost empty for last 2 weeks
Shame On Your All Exp Asset Is Still Running..
I just Hope You All That Is Negative Will Collapse With The Economy Crisis That Will Be Coming Along.. You Negative People Are Just A Disgrace To Humanity..
Begone Never Came Back To Earth..I Know You All Just Want To Be The Saint & Make You Company Feel Better.. You All Just Argue On Words Here & Never Take Action Like Patryk Krupinski..
Is there a word for Ponzi scammers crapping on about being a disgrace to humanity?
Exp Asset will continue to “run” as long as new gullible idiots sign up and give their money to scammers such as yourself.
The only action Patryk Krupinski ever took with respect to Exp Asset is convincing a bunch of morons that stealing their money was in their best interest.
One day Exp Asset will disappear, just like Plus Token did. We’ll still be here, and so will the rest of humanity.
Your money however will be gone. Well, unless you’re one of the truly disgraceful human beings who recoup more than they invested by convincing others to invest.
I can be wrong with that one but its looks like because you need to bring more associates to grow.
With respect to MLM a pyramid scheme is defined when a business fails to generate revenue via the sale of a product/service to retail customers.
An MLM company can have a product/service and still be a pyramid scheme.
Victim…I contacted support and provided information regarding my account and was told by support not to contact them until further notice.
They owe me money as well but under $400USD.
It’s sad to know that so many ppl trusted this program some through word of mouth only to find out that they all have been scammed.
I don’t believe they system was hacked anyone can say that but an online company would have taken the appropriate measures to not get hacked.
I do not expect to hear from them even through I showed proof via screen shots of what they owed me.
I hope all involved get arrested and they through the key away!!!!
BIG SCAMMER YOU DAMN PATRICK!!!!