GrowthClub Life fails to provide ownership or executive information on its website.

GrowthClub Life’s website domain (“growthclub.life”), was privately registered on May 7th, 2023.

Courtesy of off-site marketing, two names we can attach to GrowthClub Life are Victor Louis Tolulope, aka Victor Louis Adegunloye (Nigeria) and Kamran Abbasi (UK).

Both Tolulope and Abbasi are former NextGen Academy Ponzi scammers.

Tolulope was a NextGen Academy promoter, Abbasi was part of the executive team.

NextGen Academy was a Ponzi scheme run by the notorious Gohar brothers; Rehan and Rizwan.

The Gohar brothers’ crime spree began in 2019 with the BizzTrek pyramid scheme. After BizzTrek collapsed the Gohar brothers launched BizzTrade later that same year.

BizzTrade collapsed twice under its own name over the next few years. In late December 2021 a third BizzTrade reboot was launched at BizzTrade Pro.

BizzTradePro lasted until April 2022, prompting the Gohar brothers to launch NextGen Academy.

NextGen Academy began to collapse by early 2023, prompting the launch of My Car Club in March 2023.

Following a regulatory enforcement action in Australia tied to money laundering, NextGen and My Car Club collapsed in or around May 2023.

Adegunloye and Abbasi began promoting GrowthClub Life a few months later, in or around September 2023.

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.

GrowthClub Life’s Products

GrowthClub markets access to passive returns tied to purported “ElevateWealth” automated trading.

GrowthClub Life solicits investment on the promise of “up to 20% monthly”, capped at “600% in 24 months with compounding”.

The minimum investment amount is $500, with GrowthClub Life pitching consumers on two investment plans:

  • Conservative System – up to 10% a month, capped at 300% over 24 months
  • Aggressive System – up to 20% a month, capped at 600% over 24 months

Note that GrowthClub Life charges a 35% fee on all ROI payments.

Access to GrowthClub Life’s passive returns investment scheme is via subscription:

  • Regular – $49.99 a month
  • Standard – $224.99 every six months
  • Pro – $399.99 annually
  • Premium – $999.99 every three years

GrowthClub Life’s Compensation Plan

GrowthClub Life’s compensation plan is tied to referral of trading customers and recruitment of affiliates.

Recruitment Commissions

GrowthClub Life affiliates pay a $50 joining fee. This fee is paid as a gifting payment to recruiting affiliates.

I.e. you recruit a GrowthClub Life affiliate and you receive their $50 joining fee payment.

Residual Recruitment Commissions

GrowthClub Life rewards top recruited with a monthly bonus:

  • refer/recruit fifteen customers/affiliates and receive $200 a month
  • refer/recruit fifty customers/affiliates and receive $600 a month
  • refer/recruit one hundred and fifty customers/affiliates and receive $1000 a month
  • refer/recruit three hundred customers/affiliates and receive $3000 a month
  • refer/recruit four hundred and fifty customers/affiliates and receive $5000 a month
  • refer/recruit eight hundred customers/affiliates and receive $10,000 a month
  • refer/recruit one thousand five hundred customers/affiliates and receive $25,000 a month
  • refer/recruit three thousand customers/affiliates and receive $50,000 a month

ROI Fee Commissions

ROI fee commissions are paid out 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.

GrowthClub Life caps payable unilevel team levels at ten.

ROI fee commissions are paid as a percentage of the 35% ROI fee charged across these ten levels as follows:

  • level 1 (personally recruited affiliates) – 10%
  • level 2 – 4%
  • level 3 – 3%
  • level 4 – 2%
  • levels 5 to 10 – 0.5%

Funded Program Commissions

GrowthClub Life represents it offers trading funding of up to one million dollars.

If a GrowthClub Life affiliate qualifies for funding, whoever recruited them earn 10% of returns generated with funded capital.

Joining GrowthClub Life

GrowthClub Life affiliate membership is $50, paid in tether (USDT).

GrowthClub Life represents it solicits fee payments through Convey;

If you make a payment using digital currency, your payment may be processed by our affiliate, Convey Dot Ltd., on our behalf.

On its website Convey pitches itself as an “alternative payment infrastructure for Africa”.

GrowthClub Life Conclusion

GrowthClub Life is a combination gifting pyramid scheme, coupled with securities and commodities fraud.

The Gifting pyramid scheme of GrowthClub Life is simple: You sign up as an affiliate, pay $50 and receive the $50 buy-in fee of everyone you recruit.

The ElevateWealth securities and commodities fraud side of GrowthClub Life exists by way of a typical “lulz can’t touch our money!” scheme.

The “lulz can’t touch our money!” model allows affiliates to invest funds in their own exchange account. This is done on the promise of passive returns, derived through GrowthClub Life’s purported trading of unknown origin.

Under this model GrowthClub Life investors are duped into believing that because funds are traded in their own broker/exchange accounts. In other words, they can’t be stolen.

This is false. Typically “lulz can’t touch our money!” schemes exit-scam through blowing the bot up or rigged trades.

Securities and commodities fraud comes into play by way of GrowthClub Life failing to provide evidence it has registered with securities and commodities regulators in any jurisdiction.

Having launched in Q4 2023 and despite pitching astronomical monthly returns…

…as of November 2024 GrowthClub Life was begging affiliates to pay fees on time:

Something obviously doesn’t add up here. Notwithstanding at 20% a month, over the past year there should be plenty of GrowthClub Life gajillionaires running around.

Instead, as of November 2024, traffic to GrowthClub Life’s is too low for SimilarWeb to track.

Pending GrowthClub Life trading losses are in addition to funds lost through its pyramid scheme. This alone will affect the majority of Empire affiliates when said pyramid scheme inevitably collapses.

Oh and obviously don’t fall for this one million dollars funded account baloney. Nobody is giving randoms access to one million dollars for anything without some serious strings attached.