Fabulous Global Venture Review: Not so fabulous lies
Fabulous Global Venture fails to provide verifiable ownership or executive information on its website.
A Fabulous Global Venture “Board of Directors” is presented, featuring people who have nothing to do with the company.
Fabulous Global Venture’s website domain (“fabulousglobalventure.io”), was privately registered on July 12th, 2023.
In the footer of Fabulous Global Venture’s website we find details for “Ping An”:
Ping An is a Chinese conglomerate based out of Shenzen. Worth ~$136 billion as of March 2021, Ping An is the world’s largest insurer.
Needless to say, there is no evidence Ping An has anything to do with Fabulous Global Venture.
Instead, we likely have Chinese scammers operating out of Vietnam.
SimilarWeb tracked just ~350 visits to Fabulous Global Venture’s website for September 2023. 100% of these visits originated from Vietnam.
350 monthly website visits tells us Fabulous Global Venture hasn’t taken off since July. The figure is so low that most of those visits are likely to be admin related.
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.
Fabulous Global Venture’s Products
Fabulous Global Venture has no retailable products or services.
Affiliates are only able to market Fabulous Global Venture affiliate membership itself.
Fabulous Global Venture’s Compensation Plan
Fabulous Global Ventures solicits investment USD equivalents in cryptocurrency.
This is done on the promise of advertised returns:
- Basic Minting – invest $200 to $50,000 and receive 2.05% a day for 6 days
- Standard Minting – invest $50,000 or more and receive 2.18% a day for 6 days
- Basic Compound Minting – invest $10,000 to $50,000 and receive 2.1% a day for 28 days
- Standard Compound Minting – invest $50,000 or more and receive 2.3% a day for 42 days
Fabulous Global Ventures pays referral commissions on invested cryptocurrency down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 2%
- level 2 – 5%
- level 3 – 12%
Note that this is at odds with Fabulous Global Venture’s advertised investment plans, which cite an 8% referral commission.
Joining Fabulous Global Venture
Fabulous Global Venture affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $200 investment.
Fabulous Global Venture solicits investment in various cryptocurrencies.
Fabulous Global Venture Conclusion
Fabulous Global Venture represents it generates external revenue via forex and crypto trading, “stock and commodities” and real estate investment.
No evidence of Fabulous Global Venture paying withdrawals with revenue generated from any of these activities is provided.
Between fake association with Ping An, a fake Board of Directors, fake external revenue ruses and other nonsense…
…everything on Fabulous Global Venture’s website appears to be a lie.
As it stands, the only verifiable source of revenue entering Fabulous Global Venture is new investment.
Using new investment to pay affiliate withdrawals would make Fabulous Global Venture a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Fabulous Global Venture of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.