Flyback Solutions fails to provide ownership or executive information on its website.

Flyback’s website domain (“flybacksolutions.com”), was privately registered on October 10th, 2023.

Thanks to some preliminary research from BehindMLM reader Melanie, one name we can attach to Flyback Solutions is Dennis Nowak.

In a Flyback Solutions webinar held in November 2023, Nowak is cited as Flyback Solutions’ CEO.

Nowak, who on his LinkedIn profile claims to be based out of Switzerland, appeared on BehindMLM’s radar in mid 2019.

At the time Nowak was a suspect in a Swiss investigation into MyCryptoWorld, Infinity Economics and We Go Crypto.

MyCryptoWorld was an MLM shitcoin pump and dump scheme. Infinity Economics and We Go Crypto were non-MLM crypto fraud schemes.

Unfortunately the outcome of the Swiss investigation is unclear.

After his stint as a crypto bro, Nowak fell back on his position in LavyLites.

LavyLites is a Hungarian MLM company that appears to have been in decline for most of 2020.

Circa mid 2016 BusinessForHome clocked Nowak’s LavyLites income at $80,000 a month.

Nowak’s LavyLites income collapsed toward the end of 2020. In October 2020, Nowak published an email begging Lavylites pay him an alleged one million euros in unpaid commissions.

Nowak threatened legal action but as far as I know nothing came of it.

Nowak went on to launch Elixoo in early 2021.

Elixoo, since collapsed, was a pay-to-play MLM pyramid scheme built around bizarre meteorite powder supplements.

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.

Flyback Solutions’ Products

Flyback Solutions has no retailable products or services.

Affiliates are only able to market Flyback Solutions affiliate membership itself.

Flyback Solutions’ Compensation Plan

Flyback Solutions affiliates invest USD equivalents in cryptocurrency into FLYS token.

FLYS token is a shit token created by Flyback Solutions. It is worthless outside of the company.

Flyback Solutions affiliates invest in FLYS in the hope they can cash out a passive return. This is reflected in Flyback Solutions’ marketing;

Register now with a Flyback Team Link and buy $FYLS at a low price in the presale.

The MLM side of Flyback Solutions pays on recruitment of affiliate investors.

Flyback Solutions Affiliate Ranks

There are seven affiliate ranks within Flyback Solutions.

Along with their respective qualification criteria, they are as follows:

  1. Level 1 – sign up as a Flyback Solutions affiliate
  2. Level 2 – generate $100 in downline investment volume
  3. Level 3 – generate $200 in downline investment volume
  4. Level 4 – generate $400 in downline investment volume
  5. Level 5 – generate $800 in downline investment volume
  6. Level 6 – generate $1600 in downline investment volume
  7. Level 7 – personally invest $6400 in FLYS or generate $3200 in downline investment volume

Referral Commissions

Flyback Solutions 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.

Flyback Solutions caps payable unilevel team levels at seven.

Referral commissions are paid as a percentage of cryptocurrency invested across these seven levels based on rank:

  • Level 1 ranked affiliates earn 10% on level 1 (personally recruited affiliates)
  • Level 2 ranked affiliates earn 10% on level 1 and 3% on level 2
  • Level 3 ranked affiliates earn 10% on level 1 and 3% on levels 2 and 3
  • Level 4 ranked affiliates earn 10% on level 1, 3% on levels 2 and 3 and 2% on level 4
  • Level 5 ranked affiliates earn 10% on level 1, 3% on levels 2 and 3 and 2% on levels 4 and 5
  • Level 6 ranked affiliates earn 10% on level 1, 3% on levels 2 and 3, 2% on levels 4 and 5 and 1% on level 6
  • Level 7 ranked affiliates earn 10% on level 1, 3% on levels 2 and 3, 2% on levels 4 and 5 and 1% on levels 6 and 7

Flyback Pools

Flyback Solutions takes 8% of invested cryptocurrency and uses it to fund four Flyback Pools.

Flyback Solutions affiliates are able to qualify for a share in the pools by meeting additional investment volume criteria:

  • Pool 1 – recruit three affiliates who have each invested at least $500, or generate $1000 in total downline investment volume
  • Pool 2 – recruit six affiliates who have each invested at least $1000, or generate $5000 in total downline investment volume
  • Pool 3 – recruit fifteen affiliates who have each invested at least $1000, or generate $25,000 in total downline investment volume
  • Pool 4 – recruit thirty affiliates who have each invested at least $1000, or generate $50,000 in total downline investment volume

Gold Cashback

Flyback Solutions claims to use 10% of invested funds to purchase gold.

With 10% of your deposit, gold is automatically purchased and sent to you.

So you don’t rely on a piece of paper certifying that you own it, but hold it in your hands shortly after your deposit.

Shipping costs aren’t disclosed.

Joining Flyback Solutions

Flyback Solutions affiliate membership is free.

Full participation in the attached income opportunity requires an investment in FLYS tokens.

Flyback Solutions solicits investment in various cryptocurrencies.

Flyback Solutions Conclusion

Flyback Solutions’ FLYS token doesn’t appear to offer anything over the thousands of existing tokens out there.

Flyback Solutions don’t provide any technical details for FLYS. Not that it matters.

The only reason people invest in FLYS is the hope they’ll be able to eventually cash out subsequently invested funds.

$FLYS presale starts at 16th of November 2023. Make sure to register on launch date to get the best token prices.

In an attempt at legitimacy, Flyback Solutions provides a paper-thin external revenue ruse:

At least a quarter of all presales transactions flow into Treasury. The addresses of the treasury are made public at a later date.

Liquidity is built up from this treasury for the trading pairs on PancakeSwap, marketing and events are paid for and many buybacks are made.

No verifiable evidence of Flyback Solutions generating external revenue via trading or any other method is provided.

Such evidence would be audited financial reports, periodically filed with regulators. This is a legal requirement, without which Flyback Solutions is committing securities fraud.

Hardly surprising given Dennis Nowak’s track record.

Flyback Solutions confirms at least one instance of recycling invested cryptocurrency to fund its compensation plan:

A total of 8% of all deposits from the presale flow into the flyback pools. This 8% is distributed equally among all pools.

In the absence of verifiable evidence to the contrary, it follows the rest of Flyback Solutions is solely funded by new investment. This would of course constitute a Ponzi scheme.

Another potential point of concern is Flyback Solutions’ compliance with international money laundering laws.

As per the above marketing slide, Flyback Solutions advertises a “Flyback Card” with a MasterCard logo that doesn’t require KYC.

This would most certainly be illegal in any country with a regulated financial market. Notwithstanding MasterCard having nothing to do with it.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will leave Flyback Solutions unable to pay withdrawals, eventually leading to a collapse.

Being a token based pump and dump scheme, Flyback Solutions’ collapse will create a bunch of FLYS token bagholders.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.