Eyeline Trading Review: 0.66% daily ROI bitcoin investment fraud
Eyeline Trading claims Jean Paul Ramirez is the founder of Eyeline Business & Development.
Apparently Ramirez ‘has been a leader in the financial industry for many years’.
Eyeline Trading provide a bunch of financial positions Ramirez has purportedly held, culminating in his getting started ‘in the Crypto industry in late 2015‘.
Eyeline Trading claims Ramirez
now has a cutting edge mining facility, research center, wallet, exchange, peer to peer exchange, debit cards, trading platform, and a coin working on alternative power.
None of this is publicly verifiable, leaving a question mark on whether Ramirez even exists.
In a marketing video presented on the Eyeline Trading website, the company claims to be “based in Colombia” with a “marketing arm based in the USA”.
As at the time of publication, Eyeline Trading also claims to have offices in
- Ogden, Utah
- Salt Lake City, Utah
- Orange County, California
- Las Vegas, Nevada
- Medellin, Colombia
- San Salvador El Salvador
- Mexico City, Mexico and “many more to come”
No evidence of any of Eyeline Trading’s claims with respect to its business operations are provided.
The Eyeline Trading website domain (“eyelinetrading.io”) was privately registered on June 8th, 2018.
Update 3rd July 2018 – A video has emerged in which serial scammer Rodney Burton introduces Dan Putnam as owner of the company.
Putnam first appeared on BehindMLM in 2012 as the owner of EPX Body.
Putnam has since gone on to launch numerous scams, including Let Us Close (2015), The Elite Networker (2015), O2 Worldwide (2016), One80 and Modern Money Team.
Modern Money Team offered cryptocurrency mining investment ROIs, making Eyeline Trading Putnam’s second cryptocurrency related company launch.
In addition to neither Putnam or any of his companies being registered to offer securities in the US, Modern Money Team collapsed a few months after launch. /end update
Read on for a full review of the Eyeline Trading MLM opportunity.
Eyeline Trading Products
Eyeline Trading has no retailable products or services, with affiliates only able to market Eyeline Trading affiliate membership itself.
The Eyeline Trading Compensation Plan
Eyeline Trading affiliates invest in $40 bitcoin trading packages, on the promise of a daily ROI of up to 0.66% for 365 days.
Affiliates who don’t invest earn a 10% direct referral commission on funds invested by personally recruited affiliates.
Eyeline Trading affiliates who invest in at least one $40 bitcoin trading package are paid a 20% direct referral commission.
Eyeline Trading pays residual commissions via a 3×12 matrix.
A 3×12 matrix places an affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first three positions into another three positions each.
Levels three to twelve of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
Positions in the matrix are filled via direct and indirect recruitment of Eyeline Trading affiliates.
Residual commissions are paid as a percentage of funds invested by matrix team members:
- levels 1, 3, 5, 7, 9 and 11 pay a 1% residual commission
- levels 2, 4, 6, 8, 10 and 12 pay a 5% residual commission
How many matrix levels an Eyeline Trading affiliate can earn on is determined by how much they can convince others to invest.
- invest $40 or more in bitcoin trading packages and earn on matrix levels 1 and 2
- maintain a minimum $40 investment, recruit at least one affiliate investor and earn on matrix levels 1 to 3
- maintain a minimum $40 investment, recruit at least two affiliate investors and earn on matrix levels 1 to 4
- maintain a minimum $40 investment, recruit at least three affiliate investors and earn on matrix levels 1 to 5
- maintain a minimum $40 investment, recruit at least four affiliate investors and earn on matrix levels 1 to 6
- maintain a minimum $40 investment, recruit at least five affiliate investors and earn on matrix levels 1 to 7
- maintain a minimum $40 investment, recruit at least six affiliate investors and earn on matrix levels 1 to 8
- maintain a minimum $40 investment, recruit at least seven affiliate investors and earn on matrix levels 1 to 10
- maintain a minimum $40 investment, recruit at least eight affiliate investors and earn on all 12 matrix levels
Global Bonus Pool
Eyeline Trading claims it takes 2% of company-wide invested funds and places it into the Global Bonus Pool.
The Global Bonus Pool is distributed to qualifying affiliates monthly based on shares.
Eyeline Trading affiliates qualify for shares in the Global Bonus Pool each month by having invested and recruiting five affiliate investors (5 new affiliates generates 1 share).
Note that shares expire and must be qualified for monthly on an ongoing basis.
Joining Eyeline Trading
Eyeline Trading affiliate membership is free. Free affiliates however can only earn direct referral commissions.
Full participation in the Eyeline Trading MLM opportunity requires a minimum $40 investment.
Despite only coming into existence earlier this month, Eyeline Trading claims it
introduced our trading packages August 1st, 2017 for USA & Worldwide markets.
Quite obviously that’s baloney. And unfortunately that’s only the tip of Eyeline Trading’s baloney iceberg.
There’s the bogus testimonials the company is using to dupe investors into signing up:
Then of course there’s Eyeline Trading’s founder, Jean Paul Ramirez.
Starting in 2001 when he became licensed broker certified by the CCS stock exchange. He recieved the commission to buy and sell gold from 2003-2006 and set up an escrow account in 2007 for $70,000,000.00 with Banco Mercantil S.A..
In 2014 he got his license with Goldman Sachs, and managed accounts worth more then $2,300,000.00!
In 2015, he was licensed with TD Ameritrade in the USA, managing accounts of over $1,500,000.00.
So after all that, Ramirez wakes up one day and decides to launch his own cryptocurrency Ponzi scheme. Riiiiiiiiiiiiiight.
Moving onto the business model, which even that Eyeline Trading can’t keep its story straight when explaining.
According to the Eyeline Trading website, the company generates external revenue via an “A.I. based trading system”.
Read through Eyeline Trading’s official compensation plan however, and the story changes.
Eyeline Trading does not rely on gimmicks or bots to trade for us; we rely on our relationships and buying power.
We have negotiated prices with large miners and other large holders of BTC and ETH, 2-10% under the current market rate so we are able to purchase large quantities at a discount.
The difference between what we buy it for and what we sell it for, creates the profits and we share those profits with our Eyeline Trading members.
Naturally there’s no proof of any of Eyeline Trading’s claims in any event, so the question of external revenue is ultimately a moot point.
Still, this is a large number of lies to be caught out in – even by MLM underbelly standards.
The fundamentals of Eyeling Trading is your typical fraudulent bitcoin investment scheme.
Affiliates invest in $40 bitcoin packages, Eyeline Trading then use that money to pay existing investors a daily ROI.
A percentage of invested funds are also set aside to reward the company’s top investors, adding an additional pyramid layer to the scheme.
There’s also mention of an EYC ICO on the Eyeline Trading website, suggesting the company’s anonymous owners are planning their exit-scam well in advance.
On the regulatory side of things Eyeline Trading’s claim it has offices in the US is of particular interest, given the company is quite clearly offering a security.
You will be able to participate in a large trading operation earning crypto daily on autopilot.
Once your package starts paying out you would earn approx. 13 cents per day for 365 days or approx. $48 (approx .0066 BTC) and then at the end of the contract you would also get your $20 that was in your trading account back for a total of $68.
Earn regardless of what’s happening in the market.
As I write this neither Eyeline Trading or Jean Paul Ramirez are registered with the SEC.
This means the company is operating illegally in the US, not withstanding Ponzi schemes are illegal the world over.
The gist of the ICO exit-scam model will see Eyeline Trading solicit investment and pay ROIs until new investment dries up.
While Eyeline Trading is still afloat EYC might be traded internally at an inflated made-up value.
EYC itself is likely some script altcoin bought off the shelf on the cheap.
While or after Eyeline Trading collapses, ROI liabilities will be converted into EYC points.
By that stage EYC will have been launched on some dodgy exchanges, with Eyeline Trading’s owners claiming affiliates can make back their losses by trading EYC.
None of this happens before top investors and management offload EYC tokens at the inflated internal value mind.
After which the public value of EYC plummets and investors realize they’ve been duped.
The closest example I can give you of all of this playing out is USI-Tech, which combined the same bitcoin package bullshit to a “TechCoin” ICO.
Once regulators in the US closed in, USI-Tech collapsed and its owners went into hiding. TechCoin never even made it past the Ponzi points stage.
The majority of USI-Tech investors lost money. Eyeline Trading using the same business model isn’t going to play out any different.
Update 30th March 2020 – Since publication of this review, the Rodney Burton video referenced in the introduction has been removed.
That site is not official or corporate. It is a beta community site that is still under construction.
Eyeline Trading has not even launched yet. Testimonials are just content fillers.
Please remove defamation claims. Thanks.
Yeah, no worries mate. See you in court.
You’d be well advised to a quick Google on “Streisand Effect” before you start throwing around terms like “defamation”.
I already see YouTube videos and 2 Facebook groups set up, with owners in at least 2 (possibly more) nations.
A woman in Ohio was talking about joining. So… if you aren’t already registered with the secretary of state and SEC, you’ve lost your window of legal opportunity.
This is such a “Bend over and take it “ scam, it’s so obvious of a scam with the up to .66% daily BTC pay out taken from the defunct USI-Tech scam. The fraudsters that owns this scam where so lazy with just copying the USI-Tech playbook. Come on people- WAKE UP, if you fall for this scam, your an idiot and deserve to lose your money….
Crypto is no longer regarded as a security, but a commodity. See link
What Scamalert says above is true. DO NOT GIVE THESE NEW SCHEMERS ANY MONEY!
Claim to have “7 offices” but only show an email address as their only point of contact?
What are the addresses of the “7 offioes”? They don’t exist.
A bit of research shows that this isn’t the only “Eyeline Trading” company in existence. Unless the one allegedly based in Montana is actually the same business.
Additionally, the following connect to Jean Paul Ramirez’s Bitcoin scheme as well.
And, given the location of Sean Erik McCoy of serikmccoy.com, I would suspect that he is the “office” claimed to exist in Ogden, Utah.
This article makes it look as though eyelinetrading.io is the corporate site which obviously isn’t. It’s only helping the creators behind it gain more attention which will benefit them greatly. Regardless of the claims, there will be hundreds of thousands who end up joining and eventually yes the story will end in tears, but you just gave them a head start.
Q: How do you eat a whale?
A: One bite at a time.
Whether cryptocurrency is outright a security is neither here nor there.
Eyeline Trading’s MLM opportunity is a security due it’s passive ROI nature.
What you’re proposing is the equivalent of Madoff being acquitted because the USD isn’t a security. Intentional or not, your logic is squarely of the dumbass variety.
Says who? It’s the website being linked from Eyeline Trading’s corporate social media accounts.
Anyone who does their due-diligence into a Ponzi scheme, recognizes they’re going to lose money to scammers and invests anyway is a lost cause.
We all know how Eyeline Trading is going to play out. One regulatory cease and desist and everyone goes into hiding again.
WHICH social media accounts? I can’t find jack about this company on FB or LinkedIn and Jean Paul Ramirez seems to be a ghost – no info about him at all.
The following two stats are distinctly unimpressive. Managing $2.3 million and $1.5 million does not say anything good about him. Surely, they’re missing some zeroes.
“In 2014 he got his license with Goldman Sachs, and managed accounts worth more then $2,300,000.00! In 2015, he was licensed with TD Ameritrade in the USA, managing accounts of over $1,500,000.00.”
The social media accounts linked on the Eyeline Trading website (website footer).
People are waking up to this scheme and now the scheme won’t achieve it’s goals of being a USI-TECH clone. All those expenses in setting up a website and paid actors for videos!
I hope this deters more wannabe ‘scheme admins’ because a lot of people are now looking into all these new schemes and picking up on all the red flags, lies, and irregularities.
Not easy to get away with simply collecting money like a few years ago.
I saw the SEC ruling on that but they are only referring to Ether as a commodity and not Bitcoin.
This is mainly because much of Wall Street have invested in Ether because of the opensource application potential.
As far as I know Bitcoin is still classed as a security and with it derivatives of Bitcoin including Alt Coin as its valued against BTC.
They have agreed to not go after genuine ICOs that actually produce something after their ‘crowdfunding’ process but scam ICOs are still very much a target.
Rodney Burton and Frank Calabro Jr (who is under a cease and desist) are promoting this ponzi!
Dan Putnam is the real owner… same shithead that owns Modern Money Team!
I hope the authorities jump all over the midget and finally throw this absolute scumbag behind bars!!!!!
Review updated with video revealing Dan Putnam as the founder of Eyeline Trading.
Putnam is a US citizen and resident living in Utah. Neither he or Eyeline Trading are registered to offer securities in the US.
“GARY WOODS PROMOTING EYELINE TRADING”- You know a platform is officially a scam when the chronic scam artist Gary Woods is promoting it.
This guy dragged thousands of victims through the Binary Option scams, then IML, then USI-Tech, the list goes on and on.
If Gary’s promoting a platform, you can guarantee it’s a scam…. BEWARE OF THIS CROOK….
BEWARE… SCAM SCAM SCAM, they are similar to USI-Tech. Do not invest in this Ponzi scheme you will never see your money again.
Sounds like a bunch of crooks as well. USI-TECH management should be jailed, SEC are onto it.
I know and work with Dan for over 13 years and he is a good Man!!!!!!!!!!!!!!!!!
Just because you’ve been able to steal money through Putnam’s various schemes over the years doesn’t make him a “good man”.
So Wealthboss is the new company name from Eyeline.
I was concerned because I was with USI and made good money. after Dec 10 2017 when regulations came to the U.S. and Futures started trading regularly on the Chicago exchange Bitcoin tanked from 20k+ to 9k then 7k then 4k and 3k almost entirely by the end of January 2018.
The notion of making a U.S. compliant company was Putnums’ successful attempt. The idea was that since they had already run huge Mining operations in salt lake layton and I think nephi utah they found that their traders were making more profits than the miners.
eyeline was born and it’s idea was different than USI in that it was way way way more conservative returns . And it needed to be because the market is lateral now.
I’m in Wealthboss with a $40 trading packet and It’s a direct transfer from my Eyeline packet. I didn’t lose the money from Eyeline, it transferred, and it is trading. And so this idea that they aren’t attempting to benefit those investing 40$ is bunk. $68 on $40 per annum isn’t a bad return. The affiliate program is just the extra additive.
I’m really not certain why a site like this would attempt to slam a crypto company & Legit MLM. If I’m wrong and i never see the return on my $40 I’ve booked marked this page and will Eat Crow. But the rest of you dogmatic naysayers right now are just blind and dumb and don’t know what hoops people and businesses in the U.S.A. have to go through to even involve themselves in crypto.
U.S. citizens have been cut out of a very lucrative world crypto market, because the fed attempts to control global currency.
Anti-MLM people conflate it with ponzi and don’t see the conflation nor their own irony, that of exchanging U.S. Dollars at all.
Great example of a Ponzi nutcase with his or head up their arse.
Confirmed Ponzi scammer right off the bat.
Securities have been regulated in the US since 1933. Anything that happened in Dec 2017 has nothing to do with MLM crypto Ponzi schemes.
Eyeline Trading was never registered with the SEC. Neither is WealthBoss. Prima facie both are instances of securities fraud.
Secondary violations would be wire fraud, if external revenue is not 100% being used to pay returns. Which it isn’t, otherwise Eyeline Trading would have never collapsed.
USI-Tech wasn’t a Ponzi scheme because it offered liberal returns. It was a Ponzi scheme because newly invested funds were used to pay existing investors.
Copying a monopoly money balance from one backoffice to another isn’t trading.
With no retail it makes both Eyeline Trading and WealthBoss a pyramid scheme.
Cryptocurrency isn’t illegal in the US.
You’re talking about circumventing the law to participate in fraudulent business opportunities. Those aren’t “hoops”, they’re safeguards to protect consumers from scammers such as yourself.
We don’t. Neither Eyeline Trading or WealthBoss are “legit MLM”.
It’s never to late to fuck off to some other country that couldn’t care less if its residents get scammed in Ponzi schemes. On your bike then.
“huge Mining operations in salt lake”
Mein gott. What did they mine? Magic Beans?
This hayseed is either putting us on or is a legit crackpot.