Finalmente Global Review: Bitcoin “lending” Ponzi scheme
Finalmente Global provides no information about who owns or runs the company on its website.
Finalmente Global’s website domain (“finalmenteglobal.com”) was first registered in August 2019. The registration is currently private and was last updated on May 30th, 2020.
Further research reveals videos on Finalmente Global’s official YouTube channel, citing Kobus van der Merwe as CEO of the company.
Prior to launching Finalmente Global, Merwe was promoting AdsEarn Bitcoin (aka AdsEarn BTC), a bitcoin Ponzi scheme.
On Facebook Finalmente Global claims to be “a company registered in South Africa”.
At the time of publication Alexa estimates the US is by far the largest source of traffic to Finalmente Global’s website (55%).
Read on for a full review of Finalmente Global’s MLM opportunity.
Finalmente Global’s Products
Finalmente Global has no retailable products or services, with affiliates only able to market Finalmente Global affiliate membership itself.
Finalmente Global’s Compensation Plan
Finalmente Global affiliates invest bitcoin on the promise of advertised returns:
- Uno Starter – invest 0.001 to 0.0025 BTC and receive a 101.04% within 24 hours
- Uno Classic invest 0.001 to 1.5 BTC and receive a 107% ROI after 7 days (93% must be reinvested)
- Due Novice – invest 0.015 to 1.5 BTC and receive a 107.6% ROI after 7 days (92.4% must be reinvested)
- Tre Business – invest 0.0035 to 5 BTC and receive a 115.7% ROI after 14 days (84.3% must be reinvested)
Referral Commissions
Finalmente Global pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Finalmente caps payable unilevel team levels at four.
Referral commissions are paid out as a percentage of funds invested across these four levels as follows:
- level 1 (personally recruited affiliates) – 3%
- level 2 – 2%
- levels 3 and 4 – 1%
Note that referral commissions are not paid on mandatory reinvestment.
Joining Finalmente Global
Finalmente Global affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 0.001 BTC investment.
Conclusion
Under the guise of “lending” bitcoin to each other, Finalmente Global operates a Ponzi scheme.
Members can lend up to the maximum of ₿20.0, depending on the plan you decide to purchase, through the platform’s standard options.
Higher amounts are possible but are to be discussed with Management.
All that happens under the hood is Finalmente takes newly invested funds to pay existing investors advertised returns.
In an effort to keep the scheme going for longer, the majority of returns “paid out” are recaptured by the system.
This means that in addition to the usual majority Ponzi losses, even less actual money is paid out to Finalmente Global investors.
Update 7th January 2020 – Finalmente Global has collapsed.
A South African man chooses Italian words for his company’s name and for the levels therein…
Finalmente: finally;
uno, due, tre: one, two, three…
Well, Charles Ponzi was Italian, but that probably wasn’t the association van der Merwe was trying for.
I think Finalmente would make a great company name for a trendy undertaker. You know, for those who’ve had enough of dreary, traditional funerals, and want to be buried with a bit of style. Italian designer coffin, attendants wearing Armani outfits, the best prosecco at the reception afterwards, that kind of thing.
For an investment business, not so much.
Interesting. I used to take Behindmlm seriously. The reviews seem so well researched. But I have been invested in Finalmente for some time.
I know their plans and diverse sources of income. And I know the inaccuracies in this review. Why would BehindMLM not bother to get it accurate?
It is not hard to do. Doesn’t that say more about BehindMLM than it does about Finalmente?
The reason for the website is to analyze platforms and the basic facts are presented wrong. Very interesting.
Our Finalmente review is just as researched as the rest of the reviews we publish. Only difference is you’re promoting this scam.
You do, do you? So I take it you’ll have no problem providing legally required financial audits verifying said “sources of income”?
Finalmente is a simple Ponzi scheme with no verifiable source of income other than new investment.
Everybody scammer loves BehindMLM, until we review their scam.
If you don’t know the CEO personally, you can’t say anything. I have been investing in them since May 2019, and getting 8% return on my money per week ( R16 000 profit per week ) out of them since May 2019…
If you don’t have facts why do you post shit like this?
The fact is Finalmente Global is a Ponzi scheme.
Having the CEO’s dick up your arse or you personally stealing money doesn’t change that.
I hope you realize that if he’s capable of generating 8% profit per week, you must be a total idiot for taking profits out weekly, instead of letting them compound.
From May 2019 until now is 62 weeks. 8% a week compounded over that period is 11,710%. Or to put it another way, your initial investment of R 200,000 would by now have become R 23,621,248. By taking it out every week, you’ve only got R 1,192,000. That’s still an APR of 416%, but peanuts compared to what you could have gotten.
But let me guess: he’s got one of those mysterious investment methods going, which generates insane ROIs, but where compounding is, for some never-explained reason, impossible? There seem to be lot of those around.
Jesse Singh has wrote a similar article than this one, it may be this one that he just changed a little.
So I’ve decided to send a link through to Finalmente Global to react to this. I am one of the investors so I guess his reaction would tell all.
Jesse Singh is a marketing hack that steals content. Made his money in the Digital Altitude pyramid scheme.
Anything from here you see on one of his sites is stolen.
It’s hard for people to see the lie when benefiting from it. Even I made money, but EVERY Ponzi scheme will come to an end, it’s really just a question of when.
The largest Ponzi scheme in the world lasted nearly 7 years (Bernie Madoff). So it is entirely possible that FMG could last for more than a year.
Having been in on the FMG meetings, Kobus is convincing, but so are pedophiles. They have to be otherwise you wouldn’t swallow their BS.
Myself also pised off with this blatant nonsence. Also thiught these reviews were wort reading. In fact I met Kobus and Tiaan in person. I know how they generate money.
If you did proper research you would know how profits are generated. All you need to do is whatch the vidio’s and you wil know.
But now that I know what peanut brain post rubbish like this I will rather not bother to recombend this site to no one and rather tell them they are thumb suckers.
If you want you can visit their office and go see how they generate proffits.
But hey they do not need new people. They can carry on with who they have and still pay us.
Ask me their contact details and I will give it to you.
BehindMLM Is not worth the time to read rubbish like this. No propper investigation done here.
Whether you find the fact that Finalmente Global is a Ponzi scheme “wort reading” about is neither here nor there.
Whether you met the scammers behind Finalmente Global is irrelevant to it being a Ponzi scheme.
We all do, through new investment. It’s not a secret.
Anyone can put anything up in a social media video. If you want to prove Finalmente Global is generating external revenue you’ll need to provide audited financial reports filed with financial regulators.
You and I know those don’t exist, becuase Finalmente Global is a Ponzi scheme.
Considering you can barely string a sentence together, no loss.
Face it, you’re just another “BUH I’M GETTING PAID!” Ponzi scammer who lost a recruit to one of our factual reviews. Salty scammers are the best.
So, JJ, Desmond Bossert, Johan, truthseeker, or anyone else who wants to come here and claim Finalmente is not a Ponzi; ask yourselves these questions:
If Kobus and Tiaan can really generate 8% returns per week why aren’t they listed as multi-millionaires in any financial publication; interviewed in Fortune or Forbes magazines, any financial news network; among the richest people in the world list; why no-one in any financial news organization, market trade organization has never interviewed them or heard of them; and last but not least all legal trading programs must provide their clients monthly and quarterly statements showing their trading activity; so why don’t you have them?
Real and legal my assets. Ray Charles and Stevie Wonder could see this is a Ponzi. But thanks for the entertainment. Next time try to come up with something original instead of using the Ponzi pimps playbook claiming this isn’t a Ponzi mantra.
Well done BehindMLM for not doing your research. You did a great job by just ASSUMING Finalmente is a Ponzi scheme.
I don’t think you know what a Ponzi scheme is, AT ALL.
Well done for making yourself look dumb.
The reason Finalmente Global is a Ponzi scheme is clearly stated in the review. I don’t publish reviews based on assumption, only facts.
Well done yourself on coming off as an illiterate dumbfuck.
USI tech. in green!
I would like a response to the following :-
(1) What criteria is used to determine if FMG is a ponzi scheme?or any other company for that matter.
(2) Which other companies a similar line of business as FMG you have evaluated and discovered that they meet all the criteria and are not Ponzi.
(3) Who determines the criteria to be used to review the companies to determine if they are Ponzi or not.
(4) In your line of business have you met a situation where there is a thin line or a grey area in determining if a company is a ponzi or not, and what were those situations, and how did you arrive in a conclusion is situations like those.
(1) The use of invested funds to pay returns.
(2) None. Any company that uses invested funds to pay returns in a Ponzi scheme.
(3) Finalmente Global’s business model determines it’s a Ponzi scheme. The best a person can do is identify the fraud.
(4) No. Any MLM company that recycles invested funds to pay returns is a Ponzi scheme.
Thank you for your response , I have follow-up questions based on your response as follows :-
(5) Are you aware that FMG is involved in advertising to generate profits which they use to pay investors?
(6) If you are aware of point (5) above have you requested proof of income from the advertising profits to justify their ability to pay the returns to the investors?
(7) If you are not aware of point (5) above and you have not auctioned point (6) above would you be in a position to request further details from FMG to help you get more insight in their business i.e. To understand who their clients are and how much do they get paid by those clients at a given point?
(8) If you were to get adequate proof of income from their business clients would you be in a position to change your finding from FMG being to Ponzi , to FMG not being a Ponzi?
(5) If you want to make claims about external revenue generation, provide audited financial reports as legally required.
(6) If Finalmente was operating legally they’d have registered with financial regulators and made available to the public audited financial reports.
(7) There is no substitute for registering with financial regulators and providing legally required audited financial reports.
(8) See (7).
There’s only one reason an MLM company opts to operate illegally, when they aren’t doing what they claim to be.
Do you have source for this information that has been audited by a third party, or are you just parroting a line you heard?
Have you asked them for more information, like who is paying for advertising? How about asking why they need “investors” if all they are doing is selling advertising?
If they can make 8% per week selling advertising, why are they not the largest managed fund in the world, with people breaking their doors down for a chance at that kind of return?
Are you really that gullible to not realize you’re being told a lie? Or do you think we are?
I am not making a claim about the external revenue generation, but FMG has.
If you have not asked them the audited report, I suggest the you ask them and request audited financial reports directly from FMG, I am sure this should have been part of your review and if the review will benefit them there is no reason for them not to provide this information to you.
As far as I understand they are not legally obliged to register with the financial regulator because they operate with cryptocurrency and currently cryptocurrency is unregulated at this stage in South Africa however if they were operating with FIAT currency then they would be legally obliged to register with the financial regulator.
The fact that they are not registered with financial regulators does not mean that they are operating illegally because there is not act or regulation that requires them to do so.
I am sure you are aware that private companies are not legally required to publicly disclose their financial statements, however I assume you have requested audited financial reports, I assume that they have not provided you with them, therefore your statement can be justifiable however if you have not requested them then your statement cannot be justifiable.
The fact that they are not registered with financial regulators does not mean that they are operating illegally because there is not act or regulation that requires them to do so.
At this stage I cannot say they are operating illegally because there is no TANGIBLE evidence THAT HAS BEEN advanced that proves that they operate illegally, there is no evidence that suggest the contrary either , all what we have is a hypothesis which still needs to be proven.
The fact that they are not registered with financial regulators does not mean that they are operating illegally because there is not act or regulation that requires them to do so particularly when they are operating with crypto currency.
They have fulfilled other legal requirement which requires them to register with CIPC and file annual returns. Therefore, there is not reason to suggest that they operate illegally ,unless you can provide a piece of legislation and prove with evidence how have they contravened such legislation.
DO YOU HAVE SOURCE FOR THIS INFORMATION THAT HAS BEEN AUDITED BY A THIRD PARTY, OR ARE YOU JUST PARROTING A LINE YOU HEARD?
This is a good question, unfortunately directed to the wrong person, the right people to answer the question is FMG, I am sure they will gladly provide the information to you.
HAVE YOU ASKED THEM FOR MORE INFORMATION, LIKE WHO IS PAYING FOR ADVERTISING? HOW ABOUT ASKING WHY THEY NEED “INVESTORS” IF ALL THEY ARE DOING IS SELLING ADVERTISING?
This is another good question unfortunately is directed to the wrong person, the right person to answer is the person who was conducting the review.
IF THEY CAN MAKE 8% PER WEEK SELLING ADVERTISING, WHY ARE THEY NOT THE LARGEST MANAGED FUND IN THE WORLD, WITH PEOPLE BREAKING THEIR DOORS DOWN FOR A CHANCE AT THAT KIND OF RETURN?
Another good point which must be directed to FMG, surely, they have an answer for you.
ARE YOU REALLY THAT GULLIBLE TO NOT REALIZE YOU’RE BEING TOLD A LIE? OR DO YOU THINK WE ARE?
You need to prove that they are telling a lie by providing evidence that support your statement , at this stage there is not evidence to support your statement that they are telling a “lie”.
Let’s allow the reviewer to ask for additional information and if the information is not provided within reasonable timeframe then I will believe you when you say they are telling a lie.
Until then this has nothing to do with me, about who is telling what it has everything to do with FMG and the reviewer they need to find each other currently they are talking pass each other. The reviewer must prove the hypothesis at hand.
All that verbiage tells me that you default to trusting someone, such as FMG, before demanding any verifiable proof, since all you basically said was “why don’t you ask FMG?” for every point raised.
That’s not a rebuttal, since you didn’t offer ANY new information.
And can you really trust a suspect scam for any rebuttal? Of course they are going to say “of course we’re not a scam!”
Tsk, tsk. What you thought are logic are nothing of the sort.
MLM companies offering securities are legally required to be registered with financial regulators. As part of this they are legally required to provide regulators and the public with periodic audited financial reports.
Finalmente Global has not done this, which as noted in the review is securities fraud.
You understand wrong. There is no country on the planet that exempts passive cryptocurrency investment from securities law.
Private companies are not exempt from securities law.
See above and stop making excuses for scammers.
1. Finalmente Global is an MLM company that offers a passive investment opportunity.
2. MLM + passive investment opportunity = securities.
3. Finalmente Global is not registered to offer securities in any jursidiction.
4. Based on this, at a minimum, Finalmente Global is committing securities fraud.
5. The only reason MLM companies commit securities fraud is if they are running Ponzi schemes.
The onus is on Finalmente Global to operate legally and provide the public with legally required audited financial reports to back up their external revenue claims.
By failing to do so they are committing securities fraud. Why? Because Finalmente Global isn’t doing what they claim to be and running a Ponzi scheme.
As a reviewer my conclusion is based on Finalmente Global’s own actions. The buck stops with them.
Again, stop making excuses for scammers. It won’t work here.
Sorry, wrong. Whoever told you that is lying. Hmm, could it be the people trying to get your money?
Crypto or no crypto, if someone is offering passive income, they are offering a security, and need to register to do so and to provide 3rd-party audited proof of how they are generating income. Not to do so is to commit securities fraud.
You seem to think I want answers for myself, but no, I’m trying to get YOU to think for YOURself. See, my questions were rhetorical. A rhetorical question is one where an answer is unnecessary because the question answers itself.
Example: if they can earn 8% a week selling advertising, why are they seeking investors? The answer is that there is no reason why, therefore they are lying about being able to earn 8% per week. Which means they’re scammers.
Here’s another rhetorical question: Why would I go to scammers for answers, when I already know they are liars? You seem to want more evidence they are running a scam, but their business plan speaks for itself. If you can’t see that, I’m sorry.
While looking for some reviews about Finalmente Global I came across your article, but also I found this very recent video (Ozedit: spam removed), from someone who has done his due diligence over five months, he says.
In this only 16 minute review he even has en interview with the founder and he shows how Finalmente makes money, even naming a few clients and a picture of one of the software packages they sell.
So, did “behindMLM” had contact with Finalmente before writing that review? Will you, at least, after seeing this evidence of how they make money, change the review?
I (and I assume everyone) am (is) looking for true and honest information on the internet, so if you too want to publish honest information, at least contact the youtuber or even better, contact Finalmente, or tell them how they can contact you… Regards, Johnny
1. Crypto Analyzer is a YouTube Ponzi shill. The only due-diligence Gary does is “can I steal money with this?”
2. Social media videos are not a substitute for registration with financial regulators and filing of legally required audited financial reports.
3. If Finiko Global register with financial regulators and provide audited financial reports actually proving external revenue is being used to pay returns, I’ll be happy to go from there.
We have provided you with a “true and honest” review of Finalmente Global. It’s a Ponzi scheme committing securities fraud.
If you want to follow YouTube shills looking to steal your money, best of luck to you.
I have been with finalmente since june 2019. LEGIT company, thanks so much for everything.
If you think it’s a ponzi scheme you don’t even know the people behind the scene.
Thank you for this prompt answer. Whatever you might think of this youtuber, some of the things you ask about in your reply to me, were presented in that video, like a sum up of how they make money, even some names of clients, a picture of an actual product they sell and an incoming and outgoing invoice was shown.
He also said that the company was undergoing an audit that, when ended, will be made known public.
Concerning registration I found out that they are registered with the “CIPC” and with “SARS” (South African Revenue Service). I just want to point out that not everything outside is bad by default and that often conclusions are based on incomplete information, or due to a comparison with other sort-like platforms, but, as you know, most of these kind of companies don’t show what they are doing, or they just claim to be working with crypto like trading, arbitrage or other, bots, etc.
These people here are in advertising, they showed proof and even more: they showed it to a youtuber, so publicly. I bet that if you ask them for a conversation yourself, they will also grant this to you, so that you can ask what you want.
But even if you don’t want that and you want to wait for that audit, I think that it would be fair to give them, like I tend to do, a bit of the benefit of the doubt…
As a public service, I watched that video. It hurt, but I watched it all the way through.
It’s predicated on a lie, because it pretends to be something it’s not. It claims it’s a review, but it’s just thinly-disguised marketing.
Very, very thinly disguised, because it kept throwing up the “to join” link every couple of minutes. That’s not something an objective reviewer does. But let’s examine the content anyway.
Right off the bat, they talk about scams. “I’ve been scammed so many times, and I don’t want to do that anymore, so I finally (finalmente) figured out how to do it right this time,” is the message.
Heard it hundreds of times from an equal number of serial scammers: “I made some mistakes, but I’ve learned what I did wrong,” they say, as they reboot a new scam, same as the old scam. How long will people keep falling for this?
Having (in their minds) covered the is-this-a-scam? question, the video goes into the pretend revenue streams. I say “pretend” because the images and narration were far from convincing.
One shrink-wrapped brown box is supposed to convince us they are selling lots and lots of software packages. One invoice for a purchase and sale of online advertising. One. And a screenshot of something else that amounted to nothing. That is not transparency; it’s just a diversion.
But even if these revenue streams are real (they aren’t, but stay with me), that still doesn’t explain why they’re taking investments and paying ROI. It makes ZERO business sense to do that.
If you have revenue streams that pay for themselves, you use the profits to grow the business. Paying it out is just killing the golden goose. And if you need investment capital, you don’t pay 8% PER WEEK in interest, that’s business suicide. (This is what we mean when we say something doesn’t pass the Ponzi smell test. It’s entirely irrational on too many levels to ignore.)
Really, all you need to know is 8% per week. It sounds too good to be true because it is.
The other red flags foretell the future. They only take Bitcoin, so once you turn yours over to them you have no way to get it back if they decide to keep it.
They don’t have KYC (know your customer) now, but can turn it on at any time. That means they can lock up your funds for weeks under the auspices of having to do KYC, and while you’re filling out the forms, they are out the back door.
Stay far away from this. You have been warned.
@jaco
The people behind Finalmente Global are irrelevant in determining whether Finalmente Global is a Ponzi scheme.
By boasting you joined in June 2019, one can safely assume you’re a net-winner.
Whether you’ve personally stolen money from people who joined Finalmente Global after you is also irrelevant in determining whether its a Ponzi scheme.
@Johnny
Oh I can assure you they weren’t. Or we wouldn’t be having this conversation.
YouTube videos are not a substitute for registration with financial regulators and filing of audited financial reports.
This is not how securities regulation works. You need to register with financial regulators and periodically file audited financial reports.
These reports also need to be made available to the public.
Securities in South Africa are regulated by the FCA. CIPC and SARS registration is irrelevant.
Not withstanding Alexa ranking the US and Nigeria as the second and third largest sources of traffic to Finalmente Global’s website.
Finalmente Global isn’t registered to offer securities in the US or Nigeria either.
By failing to register with financial regulators and provide evidence via audited financial reports, Finalmente Global is no different.
Which is meaningless and not a substitute for registering with financial regulators and filing audited financial reports.
Finalmente Global isn’t a startup, they’ve been committing securities fraud for the better part of a year.
Giving scammers the benefit of the doubt is how people get scammed. Either you’re operating legally or you aren’t. Finalmente Global has been committing securities fraud since day one.
There’s only one reason a passive investment opportunity commits securities fraud. Because they’re a Ponzi scheme.
The trustworthiness of anything Crypto Analyzer states in the promotional videos he calls “reviews” is demonstrated by similar claims he made about Mirror Trading.
Thanks to Mirror Trading making all their internal data publicly available, we now also know how much money he was making from selling that particular Ponzi scam (he is always peddling several at the same time, so he can smoothly replace them, as they inevitably either collapse or are shut down by the authorities). But that hadn’t yet been disclosed when the following transpired.
Here’s the video: youtube.com/watch?v=M-RJpm-fhak
In it, he claims he was provided with proof of Mirror Trading making huge profits trading through the FX Choice brokerage in December 2019.
The interesting stuff is in the comments. FX Choice was concerned enough to post the following comment:
What is most illuminating are Crypto Analyzer’s responses.
Instead of simply acknowledging that what Mirror Trading showed him clearly cannot have been real trading, and they must have set out to deceive them (as any genuine independent reviewer would), he starts defending them.
First, he tries to claim what he saw cannot possibly have been a demo account, essentially accusing FX Choice of lying.
When they then, understandably, ask to be shown what he claims he saw, so they can get to the bottom of this (because either Mirror Trading provided Crypto Analyzer with doctored material, or he is mistaken or lying about what he saw, there are no other possibilities), he not only refuses, but after some huffing and puffing ends up not just implicitly, but explicitly accusing FX Choice of lying about this.
It does takes some doing: trying to use a reputable broker to lend respectability to a Ponzi scheme he’s making money from, then when they publicly, politely, deny his claims, simply dismiss them as liars.
Also note that all this happened after Mirror Trading had already been declared a fraud in Texas, and days before the same thing would happen in South Africa.
So think of it this way…if they had investors put in R10million. They would have to pay out R800k to these investors. Are they going to be able to generate this amount of revenue from advertising sales?
The following month everyone re-invests the R10.8million…are they going to be able to generate revenue of R1.64million from advertising?
In the video I saw they spent around 15 seconds talking about what they sell and the rest of the 16 minutes how I make money.
Looks like a ponzi scheme, smells like a ponzi scheme… must be !
Oz I got hand it to you. Your responses to these retards who cant see a ponzi is just pure class. Im sure you must enjoy it as you have areal gift.
Its just amazing how people answer the fraud by saying they met the fraudster and they trust him. Classic Stockholm syndrome. Anyway keep up the hilarious responses.
Thanks for the support!
The critics of finalmenteglobal have to little knowledge , their reviews have no value . Finalmente deals only in bitcoin, which field is unregulated in S. Africa, therefore illegality or legality doesn’t arise!
The interest paid is in bitcoin & not fiat, many Millionaires have been created in crypto due to high appreciation of coins, therefore 8% weekly in cryptocoins is nothing abnormal nor unrealistic, & the all profit & capital can reach Zero if the coin collapses or if the company’s market ceases to be profitable, and this happens with all businesses!
… to cont… , members of finalmente are not not investing, in legal terminology, bcz in S.Africa the law doesn’t apply to bitcoin!
Should there be any illegality it would be only in buying bitcoin with fiat & buying fiat with bitcoin, but Finalmente has nothing to do it!
The law has nothing to do in the whole process of sending bitcoin to Finalmente & receiving 8% weekly profit in bitcoin only!
Conclusion: the critics didn’t yet get the whole thing right!
Nobody said bitcoin is regulated, it’s a red herring. Securities are very much regulated in South Africa and FInalmente Global’s passive investment opportunity is a securities offering.
The vehicle securities are offered in doesn’t matter.
And? Finalmente Global is a Ponzi scheme. For every one Ponzi scammer that makes a million a shit ton of people have had to lose money.
Conclusion: Another South African Ponzi scammer making it up as they go along *groan*
I have been with finalmente since June 2019, this article is just not worth reading, he doesn’t speak the truth.
Nah. You just can’t handle the truth.
When you joined and started stealing from people is irrelevant to Finalmente Global being a Ponzi scheme.
Finalmente started in 2019 with three partners but there are only two on your CIPC certificate.
What happened to the third one?
As a matter of interest; Kobus’s name is JaCobus, why do you spell your name Kobus with a K?
Hi Oz,
We could use your talents on dishonest.co.za. We need a lot more info on the finalmente page.
Yesterday MTI offices and homes were raided by the FSCA and Police. Its all downhill from here.
I’ve kinda got my hands full running BMLM.
I don’t have any objection to citing my research provided the source is given credit (BehindMLM itself or a reader if it’s from the comments).
Some more info:
The same top people were also part of a failed ICO called Globecoin (which also referenced something called FCoin with finalmente URLs).
Before that another failed ICO called Cryptodash.
Kobus also punted through an ad-traffic exchange called Adsearn Bitcoin something called 4Waysmarketing which looks like just another ad-traffic-exchange money making scheme.
Also the Guy’s Linkedin before starting multiple failed Crypto businesses definitely doesn’t inspire confidence in the business’ ability to make money – at all.
Kobus with a K has always been the most common spelling of the name in Dutch, and therefore in Afrikaans. As it is for the even more shortened form Koos (the ‘o’ sound is the same one in all three versions, the single vs. double letter O being a result of Dutch spelling rules.)
The spelling Jakobus for the full name is also around, because it’s the one used in most Dutch Bible translations published since 1968 (when the Roman Catholic and mainstream Protestant Bible societies agreed on a standardized spelling for Biblical names – there is a linguistic basis for the choice of K rather than C). I don’t know if Afrikaans followed suit on that.
Hi guys, you are all missing a very critical piece of information. When signing up Finalmente contracts, they tell you upfront that you will not get your initial capital back, but instead 107% ROI.
This is the perfect rug pull technique. Kobus can on any given day just say that business sales in advertising is failing, and everyone will just receive 33% ROI, thus every plan looses 74% of their initial investment.
Kobus himself tells everyone in each webinar that ROI is not guaranteed and can change at anytime up or down.
365% APY is unsustainable in any industry. The best of the best on the S&P500 can’t even deliver those returns.
Don’t be greedy.
I told 3 people that invested in Finalmente on different occations that I want to advertise 3 products on Finalmente’s advettisement space.
It is now 4 weeks and NOBODY has called me to get my products advertised.
The ons person apparently knows Tiaan personally and he was going to show me the different options to advertise my products with Finalmete, but to no avail.
Nobody contacted me. NOT even this person. The other person said he tried to get Finalmente via their SUPPORT to contact me to show me the different advertising ootions with Finalmente and the lady told him that Finalmente will contact him or myself. STILL NO contact from Finalmente!!
Today I decided to contact Finalmente personally. I called their office number that is on their web site and BOY was I shocked and surprised to see that their supposedly office number belongs to a Yoliswa Nqoboli and he is working at IOH NETWORK in Midrand.
The contact number does not even ring. It just shows “calling”, but nothing happens. I tried calling the number at different times, but tha number does not ring.
So, if Finalmente is NOT A SCAM, WHY can’t I get a hold of them and WHY don’t they contact me to get my business??
Their is also NO way you can get a hold of Kobus vd Merwe, the CEO OR Tiaan who is also a founding member!!
I don’t care if they have their Registration papers regarding the company or that they are registered with SARS, according to the papers they show. I registered many companies personally with the company’s registering office.
I also asked for proof of companies that have used their advertising options, but I received the answer that it is their IP. This is BS!!
I’m entitled to this information if I want to do business with them!! So, this WHOLE thing is very dubious and under suspicion!!
This is a follow up on my post I made ragarding the contact details of Finalmente and the problem I encountered to get in touch with them.
I had a personal ZOOM meeting with the CEO of Finalmente, as well as the marketing and advertising team today and we had a full discussion on their operating structure.
I am pleased to say that I am satisfied in the CEO’s explaination and that their operating methods to generate their income stream, sounds ligit.
They apologised about their faulty contact details and assured me that their telephone and e-mail address is working fine. They will respond immediately to any e-mail or call they receive.
We also discussed different options to advertise my products and work towards the best solution in getting my products to the market.
I am also glad to say that I’m looking forward to the road ahead in using their different advertising strategies to accomplish the best results.
In my opinion the indication is that this company is serious about their business.
Slick answers and false sincerity are these scammers’ stock in trade.
Their smoke and mirrors have successfully distracted you from objective analysis of their business model, which is clearly a fraud.
Claims of some vague “advertising” income source and “no guarantee of ROI” do not change the fact that they are using money from new investors to pay ROI to earlier investors, making their model a Ponzi scheme through and through.
Sorry in advance for your loss.
Yeah, this isn’t a substitute for audited financial reports filed with securities regulators.
I’ll give AM points for being a semi-well-rehearsed shill.
First slipping in gathering support, then blowing up the walls around the fortress from the inside with spurious nonsense “support”.
You didn’t get converted by Shit. You were a snake from the get-go you slimebag.
If what OZ argues and bring to the fore is not to be trusted and all Ponzi scheme followers are to believed, why have’nt all of these scammer program owners at the very beginning and launching of this scam program not bothered to approach the relevant authorities to get approved and registered to operate as a legal entity?
To get registered as a Company/Corporation in most countries are child’s play, but such tegistration is not a license to steal!
It is not as if they did not know that setting up such a scam program, they will have to be licensed,…. but they were aware of the fact that a license to steal from low IQ and greedy followers will never be granted!
If you lose money in any of these platforms (guaranteed that you will) you deserve it because you don’t qualify as an investor, but a follower of the crowd!
Ponzi investors don’t tend to be the brightest bunch. The scammers that steal their money play them like a fiddle.
Over and over and over again.
Thanks Oz, withdrawing my money. I’d been reassured by Crypto Analyzers review and put money in.
You raised some very good points and got me thinking more clearly about the “due diligence” that he offered up in the video.
One of the platforms recommended on his site as low risk has limited evidence of trading but has the endorsement of someone he knows so is happy to shill it to the masses.
I also don’t see how reselling advertising space for BTC is scalable, acceptance is only starting to hit mainstream so don’t imagine there are that many advertiser’s holding BTC aside from other Ponzi schemes – as seen by the banner ads on the website.
My final thought is that BTC has doubled in price in the last month+-. Why would people continue paying the same amount for advertising space when it’s value has increased so much – there has been no adjustments to plan ROI’s in this time to account for the price increase.
All seems a little suss. I’m taking my money and cashing out. I can only hope that it holds up long enough for the withdrawal to be processed
Just a clarification, you’re not withdrawing your money.
Your money was stolen by scammers like Crypto Analyzer. To get what you invested you have to steal it from someone else.
This is the reality of Ponzi schemes like Finalmente Global.
The majority of the ROI comes from the investment itself. Even if you get 50 people to join via your referral link, the money you get from their deposits does not amount up to NEAR as much as you get from the actual investment.
They are an advertising company, and if new sign-ups had to be cut off TODAY, it would not effect their profits or structure one bit.
The pyramid structure of the company is simply an incentive to get the name of the company out there. It has nothing to do with their budget nor does it decide whether they are profitable or not.
I have worked with and studied many pyramid schemes over my years, and this one is much different in the fact that their ROI has almost nothing to do with referrals (I say “almost” as it does amount to less than a percent, nothing worth investing time or money into).
As for whether the government has a problem with this business is still on the table, as with any new crypto business in today’s day and age. However, for you to call the business a pure Ponzi scheme that relies on new members to profit, is not only false information and unresearched information, but also quite disgusting.
All in all, you clearly have nothing better to do with your time than spread fake news and twist the words of others to benefit yourself, instead of adding any value to society or the economy.
Finalmente, on the other hand, plans to give South African citizens a second chance at finances, as times have never been harder than today.
You may think you are doing the right thing by publishing this review, but I can assure that you are oblivious to your own misunderstanding (Dunning-Kruger Effect).
Edit: I apologize if anything I said was discussed above already. I do not have the time nor the patience to read through a year’s worth of misinformed discussion.
That is absolutely hilarious. Crypto Analyzer??? The guy who was most recently seen enthusiastically selling Mirror Trading International, until it collapsed – IOW, until a few weeks ago?
In particular, he maintained that the CEO of the scam, Johann Steynberg, had personally provided him with proof that MTI was engaged in actual trading, and generating huge profits that way.
And of course someone like Johann Steynberg could never possibly be a crook – Crypto Analyzer just knows these things.
He kept claiming this even after the broker through which Steynberg pretended to be trading had publicly stated this was a complete lie. And after the South African regulator had warned investors away.
What he actually does is work his way through one MLM Ponzi scheme after another, making money through the recruiting he does by presenting himself on YouTube (and maybe in other online venues) as an “expert”.
He’s always got a handful he’s promoting on YouTube at any one time. Then as they inevitably collapse, or when he bails out just before, he quietly removes all videos about them, and adds a new one to the roster. None of the schemes he’s ever peddled has lasted more than at most a year or two, AFAIK.
In the case of MTI, the story is so big in South Africa, and his involvement in promoting it so noticeable, that he couldn’t get away with that usual quiet removal of the evidence of his complicity.
He actually posted a video where he pretends that he’s just another victim, and that despite having done the best due diligence an “expert” like him can do, he could never have known it was a scam.
Strangely, just about everyone who’d taken a brief glance at MTI had immediately and accurately identified it as an obvious Ponzi. Without needing to posture online as a self-proclaimed “crypto expert”. Everyone except serial Ponzi peddlers, that is.
Please provide some evidence for this claim. Finalmente itself certainly has never done so.
To everyone that has money in Finalmente. BE VERY CAREFUL.
I “invested” in MTI and we all know how that turned out.
Sure, before I invested in MTI I did my own “due diligence” and was convinced that it was a legitimate company. Everything looked great!
From being a registered company to being very “transparent” and having a heavy presence on YouTube where they offer learning material and Zoom meetings with the so-called CEO Johan Steynberg.
I thought to myself: “These guys are not hiding away they are out in public promoting their “brand”. I even joined a WhatsApp group and received daily updates on how well the “trading” was going.
I completely trusted Johan Steynberg and the MTI Leadership. They seemed trustworthy and generally good people who wanted to make a difference in the life of the “guy on the street”.
But of course, the massive returns were irresistible, and greed got the better of me. I was convinced I will be a multimillionaire in two or three years.
I believed all their lies. Everything, from the magical bot trading our btc, server upgrades delaying the withdrawals to hackers breaking into the system causing havoc.
I even believed them when they said the FSCA is out to bring MTI down because it is disruptive to the banking system in SA. It was ALL COMPLETE BS and I was a wingnut to believe them.
Do not be fooled by how trustworthy or honest these people appear to be in Zoom meetings. It means nothing! One day you will wake up and hear the CEO is suddenly MIA and the manual withdrawal of funds cannot be processed anymore.
Do you honestly think ABSA, Standard or Nedbank has one employee that manually transfers funds from one account to another “for your security”??
Are you serious?? The 7-, 14- or 30-day packages these sites offer is just a staggering mechanism to buy themselves time so they can balance out the deposits versus the withdrawals.
Do not be naïve like I was. I have now learned the hard way that IF IT IS TOO GOOD TO BE TRUE, IT IS.
The fall of MTI ended in tears. The fallout has left thousands of people without income. They are now scrambling to get a liquidation process started but, in my opinion, will be fruitless and will drag on for years.
Whenever you invest ALWAYS diversify your portfolio. Manage your risk, your greed, and your risk capital wisely.
Don’t become a victim.
I am fairly new to the crypto-investing world. I have never invested with Finalmente and I have just dipped my toe in the water with a well known similar platform and my jury is still out on whether it is a ponzi or not.
I wanted to give a review of this article from someone who is new and just doing initial research. I think most crypto investment schemes that one sees advertised are probably scams but that doesn’t automatically mean they all are.
The world of crypto-investing is new and I think a balanced approach to getting all the facts in before passing judgement.
If what you’ve invested in is similar to Finalmente Global then it’s a Ponzi scheme.
MLM + securities fraud = Ponzi scheme
Now you see it, now you don’t. Finalmente is no more. They took everyone’s money and ran. Where are all the shills now.
I think we can agree that the review was spot on. I had a buddy introduce me to the site and I did some digging, came here, read the review. Warned him repeatedly and now it’s gone and he lost everything.
I especially love the post from Satoshi, what a gem.
I hope everyone involve in the theft ends up in prison.
At last, Finalmente lives up to its name!
Straight from their website:
finalmenteglobal.com/notice.php
If this were true, it would shed a little light on a problem I mentioned in comment #58. Who were the clients who were supposedly buying ads through Finalmente? It turns out they were living off MTI.
Of course, there’s no reason to believe this claim any more than any other made-up excuse Ponzi operators use in an exit scam.
So they claim. Take every exit-scam excuse with a grain of salt.
Source: finalmenteglobal.com/notice.php
FMG HAS CLOSE DOWN THEIR WEBSITE SO CLEARLY ITS A PONZI THATS NOW ENDED AND I, LIKE OTHERS, BEING NEW AT THIS,HAVE LOST MY CAPITAL.
INSTEAD OF ADDING TO MY INVESTMENTS. LESSON LEARNT. WISH I HAD COME ACROSS THIS WEBSITE EARLIER.
Bear with me fam. Once I’ve finished cleaning up after the angry scammers I’ll get stuck into the news.
I don’t believe a word of it. But as exit scam lies go, one Ponzi operator using the collapse of another Ponzi as their excuse must surely be a first.
I’ve seen it before but I’d have to really go digging to find examples.
It happens sometimes when a major Ponzi collapses (MTI).
What happens is you have scammers in both schemes. One collapses for whatever reason and the other then gets hammered with withdrawals.
Admin stops withdrawals and nopes out. Appears to be what happened with Finalmente Global.
This happened with JustBeenPaid/JSSTripler and Zeek Rewards. They each had funds in each other’s Ponzi and when Zeek was shut down by the authorities, JBB collapsed.
JBB had to stop all payments immediately and froze all withdrawals in the pipeline. Of course they promises the payment freeze would be temporary, but it was clear they lost their funds in Zeek they needed to keep their payments going.
They never unfroze the money and slinked off into the sunset with all their ill-gotten gains. The only difference was they didn’t admit it publicly, but that’s what happened.
While a few kept JBB limping along for a period of time, 98% lost all their funds. OneCoin/OneLife is replicating what JBB tried to do, keep the illusion alive they are real, but are failing miserably.
I just hope all the people who lost their money at MTI and Finalmente Global have learned their lesson.
Greed. Desperation. Being naive. Whatever they were… I hope it’s gone.
Fool me once shame on you. Fool me twice…
A ‘friend’ of mine has fallen for at least 4 of these ponzi schemes last year.
He stopped trying to get me on board after I finally got fed up and told him that I see it as unethical to recruit people when I know they are going to lose their money.
Another ‘friend’ lost his money at Crowd1 and MTI.
Why can’t people spot these scams?
Even when Oz painted the clearest picture possible they only needed the scammer to tell them a lie and they believed it.
Funny thing about humanity. They hang onto the words of storytellers. These stories are hypnotic to them and that’s how the ponzi cults are born. No evidence needed.
Just tell some people a story and they will believe it without a doubt.
I was also a believer in Finalmente and now my money is gone. I really wish I had seen this page earlier I would have definitely taken my money and run.
Every week I landed my money again with the bright spark idea of it growing. Oh man was I in for a rude awakening.
Uncle Fish says:
Did Crowd1 officially go tits up?
I didn’t find that info in a search on here or Goggle.
Crowd1 is limping but not fully dead yet sadly
Hi, I would like to enquire if a legal claim has been initiated by the investors in FMG against the company.
If so I would like to join.
Ray Lacey
@Ray
Legal claim on what grounds? Ponzi schemes are illegal.
@Jandre
Criminal cases must be initiated by authorities. You can hire a lawyer but who are you going to sue?
@brian ski
No, Crowd1 is still going because the Swedish authorities are taking their sweet time to do something about it.
What I meant was, he realized that Crowd1 is a scam and that he wasn’t going to get any money out of them. Even then, he still signed up for MTI.
I genuinely thought Finalmente was legit because they traded Crypto behind the scenes.
I can generate 50% a week through Crypto trading, so I assumed they were doing the same and giving 6-8% away.
My apologies for my arrogant comment and standing up for that fat piece of shit. Trading Crypto deceived me into thinking anyone could make money fast.
So here is my new opinion on Finalmente and South African Ponzi schemes. I am sharing everything I know, and hopefully can help someone else connect the dots.
Firstly, it’s worth mentioning that MTI, Finalmente, Bitero, and many of the other companies being advertised on the Finalmente site were all run by the same group of people, and most of the companies were started at a similar time.
MTI in April 2019 and Finalmente in May 2019. It is also worth mentioning that Bitero.io’s website is unreachable now too, they were the main advert being run on Finalmente every week that offered the highest returns of all at 12% weekly.
The third person that was not listed on the certificate could therefore have potentially been Johann from MTI. They seemed to have many connections and are most likely together still.
It is also worth mentioning that not once did Finalmente state they traded the money, but on the website they use the words “trade” and “trading” on the goodbye message.
Kobus also recently sent out emails stating that they had nothing to do with MTI in any way, yet now their shutdown is based on MTI’s shutdown.
Kobus was clearly planning this for a while, and used Christmas as an excuse not to allow withdrawal’s while planning his departure, where in reality he had no money to give anyone as his and Johann’s business structure had collapsed.
I believe now that MTI, Finalmente, Bitero and many more platforms were all funneled into one another through the same pyramid, by the same people.
Very well played by Johann and Kobus, cunts nonetheless for leaving so many families in a terrible state of debt. Poor families.
And you genuinely think your wives are safe? Those fingers are not going to last… lmao.
What was this assumption based on? Marketing videos? bUt I sAw LiVe TrAdInG?
There is no substitute for registration with financial regulators and legally required audited financial reports. That is the only way to prove external funds are being used to pay withdrawals.
“Satoshi Nakamoto” (please, could you use a less preposterous pseudonym?):
Just what links Bitero to South Africa in general, and to MTI and Finalmente in particular?
From a quick glance, Bitero appears to be yet another one of those by now bog-standard Russian (or at least former Soviet Union) HYIP scams. Although unlike with many of those their supposed CEO does go by a Slavic name: Pavlo Yasenchuk.
They have the standard meaningless incorporation in the UK, where Yasenchuk’s nationality is given as Ukrainian.
(find-and-update.company-information.service.gov.uk/company/12837743/filing-history)
They also had the standard fake office video (which seems to have been taken off YouTube in between me watching it and typing this a few hours later), where Yasenchuk shows us around an office he claims is in London, but where everyone can clearly be seen using Cyrillic keyboards.
It also wasn’t incorporated around the same time as MTI and Finalmente, but on August 26, 2020.
That is patently untrue. I happen to have taken a look at the Finalmente website before I posted comment #58 above. The description of their supposed, ridiculously profitable, business activities was extremely vague and wide-ranging.
In fact, so vague that anyone would be left at a total loss to figure just what specific business they were pretending to be in.
But it definitely included bullshit about financial trading of all kinds.
In fact, what the exit scam message claims as their main business, advertising, only got an extremely perfunctory mention. I only remember this because it surprised me, since I’d always thought that was their only pretend business.
I almost included a mention of this curious fact in my comment, since the person I was replying to also claimed it was an advertising company.
And on your way to becoming the richest man in the world, you were wasting your time with two bit Ponzi schemes why?
Charity? I’m sure a billionaire like yourself could find more deserving recipients.
With even a small starting fund, 50% a week returns would make you the richest man in the world in next to no time.
Isn’t it amazing how people are afraid to face actual facts Kobus & co, are crimnals, they have to be followed & kitted in orange….
many “knowalls” decide to defend them, even when game is obviously up..remind me of the trump & his bunch anarchists, who are also so dumb to admit the truth….laughable but tragic!!!
Afrikaans & African…what a reputation!!
Let’s apply some simple arithmetic to the claim.
Today brings us the news that Elon Musk has overtaken Jeff Bezos to become the richest man in the world, with a net worth of $186 billion. At today’s price, that’s 4,482,683 BTC.
(Although strangely he did so only because of the rise in Tesla’s share price – so not by joining an MLM, or forex trading, or crypto arbitrage, or renting an AI trading bot, or any of the other usual ways all the really smart people get rich.)
Let’s assume our friend “Sathoshi Nakamoto” managed to scrape together enough money to buy just one single bitcoin, and began trading with it on the first working day of 2021, January 4th.
By making 50% a week on his crypto trading, he will replace Elon Musk’s as the richest man in the world after 38 weeks, in the week ending September 26, 2021. And by a considerable margin too, since he’ll then have a net worth of almost $204 billion, almost 10% more than Musk.
It’s the kind of claim that requires a Trumpesque level of contempt for the truth – because one must not only come up with such a ridiculous lie in the first place, but then state it publicly believing other people will accept it as fact.
And sadly, just as with Trump, there’s always a percentage of the population stupid enough to do exactly that.
There are maximums on trades so you can’t compound that much. (Ozedit: derail abuse removed)
@ “Satoshi”
For someone who can apparently defy the laws of mathematics you have a seemingly strange fascination with being the troll.
So mr Nakamoto confirmed that the 50% profits are only doable in a specific (small) volume of trade as there is apparently a cap.
I’d lead with that next time,I mean 50% profit on 1USD is not particularly impressive. Context is king.
I can confirm PassingBy’s math in comment #83. (In fact, I don’t think I’ve seen PB make a math error here yet, but I’m watching you, buddy!)
Here’s how reverse-compute compound returns (you’ll need a scientific calculator or equivalent app):
Start with the ratio of ending balance to the starting balance. In PB’s example, one Bitcoin grew to 4,482,683, so the ratio is simply 4,482,683.
Take the logarithm of that ratio. The base 10 log of 4,482,683 is 6.6515.
Now take the log of 1 plus the stated return in decimal form. ‘Satoshi’ claimed 50%, which is 0.5. 1 plus 0.5 is 1.5. the base 10 log of 1.5 is 0.1761.
Divide the first log by the second. 6.6515/0.1761 = 37.77. ‘Satoshi’ claimed 50% per week, so 37.77 is the number of weeks it would take to pass Elon Musk as the richest man in the world.
Assuming Satoshi is as poor as the rest of us and has to start with a mere 0.005 bitcoins, how many weeks would it take?
The ratio will now be 200x larger, or 896,536,000. log(886,536,000)/log(1.5) is 50.84 weeks, or just under a year.
At “only” 8% per week, a number closer to a typical Ponzi scheme claim, it works out to log(886,536,000)/log(1.08), or 267.7 weeks; a bit over 5 years.
From $200 to buy-your-own-island in 5 years. A little math and a dash of common sense is all you need to call bullshit on Ponzi scheme claims.
I can confirm that Satoshi is right. The crypto market gives gains of up to 700% within a week. You just need to find the low cap gems and sell the top.
There are hundreds of Youtubers who make videos explaining how to do this. It’s a Crypto Revoltuon, same as the dot Com bubble. A huge transfer of wealth.
The fact that you guys don’t believe him just show how uneducated you guys are on the topic. Enjoy remaining poor little 9-5 sheeps.
Cool story bro. What you can or can’t do on the crypto market has nothing to do with Finalmente Global being a Ponzi scheme.
And way to make cryptocurrency sound like a creepy cult. Back in your basement son.
Lame-o. A roulette wheel can easily give gains of 70,000% or more within a week. You just need to guess which numbers it lands on.
And the odds of doing it with roulette are much better than crypto Ponzi schemes.
The house edge in roulette is about 3% depending on whether it has one or two zeroes, in Ponzi schemes it’s 99%+.
A broken watch is right twice a day. Doesn’t mean i’d use it to tell time though
Trying to use a Crypto boom when a world-ending catastrophe is driving people away from currencies and then to equate to constant trade gains is ridiculous, are you slow or an imbecile?
Crypto has already had 2 big wobbles this year. No promises it won’t happen again or keep happening. Losses do happen
The fact that you try to defend it means you are undeducated on the topic,nobody said it’s impossible to do (in a timeframe) and a specific volume.
It’s impossible to do consistently to infinity and scale up indefinitely. Pick up a book a bit and try to keep your feet out of your mouth.
Kobus just dropped this stinker blaming the Liquidation application and security issues on them not being able to salvage Finalmente.
youtube.com/watch?v=Qxs9DVEXSSY
Wow, some of these comments aged like red wine…