GTI-Net Review: Recruitment & unregistered forex investment
There is no information on the GTI-Net website indicating who owns or runs the business.
The GTI-Net website domain (“gti-net.com”) was registered on the 15th of December 2014, with “Jhony Depresseux” of “GTI NET Limited” listed as the owner. A PO Box address in Dubai is also provided.
On his LinkedIn and Facebook profiles, Depresseux (right) lists his current location as Liège, Belgium. Why the GTI-Net domain registration lists a PO Box in Dubai is unclear.
Depresseux’s LinkdIn profile credits him with being a Herbalife affiliate circa 1989 to 1990. There’s then a decade gap until 2000, wherein Depresseux was appointed CEO of LibertyTelecom (a non-MLM telecommunications company in Belgium).
In November 2014 Depresseux signed up as an affiliate with MPT Max.
Using a matrix-based compensation plan, MPT Max saw affiliates pay €60 EUR and get paid when they recruited others who did the same.
In comments left on our MPT Max review, Depresseux attempted to justify the scheme by asserting “you do not pay if you recruit people”.
A GTI-Net business presentation also lists Sven Lefeber as a founder. Lefeber also appears to be operating out of Belgium.
Read on for a full review of the GTI-Net MLM business opportunity.
The GTI-Net Product Line
GTI-Net has no retailable products or services, with affiliates only able to market GTI-Net affiliate membership itself.
The GTI-Net Compensation Plan
The GTI-Net compensation plan sees affiliates invest a minimum €500 EUR, with commissions paid out via a 4×4 matrix.
A 4×4 matrix places an affiliate at the top of a matrix, with four positions directly under them:
These initial four positions make up the first level of the matrix, with the second level generated by splitting each of the first four positions into another four positions each.
The third and fourth levels of the matrix are generated in the same manner, with a complete 4×4 matrix housing 340 positions.
GTI-Net claim to receive Forex commissions on funds invested:
GTI receives €0.30 brokerage commission per trade per account PriorFX. Every month at least 200 trades are added.
They claim this generates a minimum €60 EUR per position, which they then pay out through the matrix as follows:
- level 1 – 4% (€2.40 EUR per position)
- level 2 – 8% (€4.80 EUR per position)
- level 3 – 16% (€9.60 EUR per position)
- level 4 – 32% (€19.2 EUR per position)
There are also deposited fund milestone bonuses and a”world bonus” mentioned, however GTI-Net fail to go into any specific details.
Joining GTI-Net
Affiliate membership with GTI-Net is tied to a minimum €500 EUR investment.
After two months all GTI-Net affiliates must also pay an ongoing €15 EUR monthly fee.
Conclusion
As per the GTI-Net website;
At GTI-Net you can get started with only €500.
For your money you will achieve a yield which you most probably will never achieve by yourself.
Undoubtedly GTI-Net are making an investment offering through their opportunity, even if it’s through a third-party.
The third-party in question appears to be PriorFX, with the GTI-Net website stating:
Wherever you are in the world, if the broker PriorFX is available in your country of residence, you can join the GTI-Net team.
Perusal of the PriorFX website reveals it is ‘regulated and licensed by the Cyprus Securities and Exchange Commission‘.
Cyprus isn’t really known for regulation being their strong-point, so take PriorFX’s purported registration there with a grain of salt.
In any event GTI-Net themselves don’t appear to have registered themselves, with the commissions offered through the business opportunity thus constituting an unregistered securities offering.
Affiliates deposit a minimum €500 EUR to participate in the opportunity, with commissions paid when they recruit others who do the same.
Anything that happens external to that is irrelevant, as that’s GTI-Net’s only MLM component.
Of note is that Jhony Depresseux’s previous gig, MPT Max, offered up the same 4×4 matrix compensation plan – including identical percentage payouts on €60 EUR a month.
For whatever reason (my money is on a MPT Max’s decline), Depresseux has cloned MPT Max’s business opportunity. Rather than charge affiliates €60 a month though, now the ruse is consistent forex returns.
This falls apart upon consideration that GTI-Net (through PriorFX or otherwise), are going to make bad trades. Yet here we have the company promising affiliates guaranteed monthly matrix commissions.
That disconnect leaves a huge question mark over exactly what money GTI-Net are paying affiliates with.
At best you’re looking at a Ponzi scheme that, through loopholes and a whole lot of *wink wink, nudge nudge* is just recycling newly invested funds to pay off existing investors.
Your money will never pass through our bank accounts. It is transferred directly into the broker’s account.
It is impossible for us to touch your money. Our traders will never be in touch with you.
At worse you’re looking at a house of cards, operating in a virtually unregulated environment, with a few bad trades all that’s needed to trigger a collapse.
Either way, GTI-Net themselves don’t appear to be registered or regulated in any market. As far as MLM opportunities go, that’s a red flag that shouldn’t be taken lightly.
Liberty Telecom LTD is a virtual office in UK, along with the other Depresseux company called Ecolonergy… (both shared same virtual office in Kent, UK).
Both are considered active but dormant companies by UK CompaniesHouse. This suggests they are merely empty shell companies to inflate Jhony’s resume.
There’s another name in there “Jean-Luc Lahaye”, no idea if he’s related to any of Jhony’s schemes.
According to Endole, Jhony had been busy registered companies in Europe, including these dissolved companies:
Seu Free SMile Ltd
Seu Free Smile Invest Ltd
European Company Rental Guarantees Ltd
Societe De Gestion Et D’Accompagnement Administratif Invest Ltd
Societe De Gestion Et D’Accompagnement Administratif Ltd
endole.co.uk/company/07120320/liberty-telecom-ltd
Hello, I’m Jhony Depresseux Co Founder of GTI-Net company.
I perceive me on this blog anything that does not correspond to reality there is written. Only lies or bad interpretation of reality are written.
If the blogger had wanted to do his job properly, he would have at least contacted me and have asked me intelligent questions if he had been able.
There is no more transparant GTI-Net in the MLM market.
1. GTI-Net do not see a penny of the € 500 initial deposit of its members. These € 500 are deposited on a trading account with PriorFX. The money in this account is only available by the member himself. GTI-Net has not access.
2. On each trade made by our systems, commission is taken. This commission is visible to the member GTI-Net trade by trade. The member knows so every penny the amount of commission that his account generates.
3. The member may at any time recover his money including initial deposit. I recall, only he has access to his money.
4. The amount of monthly fee of 15 € is the cost of the system and licensed professional CopyTrade we use. We can prove that too.
Finally, every penny of commission that we distribute is fully demonstrated and experienced members of GTI-Net.
Therefore how can you claim that GTI-Net is a Ponzi? Just because you have not done your research properly. Or because you have interests in spreading this lie.
Then you attack our Broker and even more seriously CySEC and Cyprus.
I’m sure the authorities such as ESMA, CySEC and the state of Cyprus will be very happy to see what you tell them.
Cyprus is the world capital for Forex Broker. CySEC is controlled by the ESMA. The ESMA is the European organization of control and verifies that the regulator properly performed their work. Do you think that Cyprus is off the radar?
I can understand that you are looking for Ponzi and you denounce them. But in this case do your job properly.
I do not seek war with you. But it would be nice that things be said knowingly. That is why I agree to meet you and show you our company in every detail. You can thus see that GTI-Net is a true MLM, not a Ponzi.
I hope in your intellectual honesty and do not erase my answer to keep your readers in ignorance.
Yours
Jhony DEPRESSEUX
And this corresponds to a fixed monthly matrix commission how? What, you continue trading even if you lose? Please.
Trading is not 100% profit win, yet you pay out commissions regardless. Please explain.
Also are you registered to offer securities? You’re no doubt soliciting funds from US investors, which would require you to be registered with the SEC.
Ditto other securities regulators in all of the other jurisdictions you solicit investment funds from.
a relatively regulation-free backwater full of dubious schemes. Nothing more.
You want to claim legitimacy? Register yourself (or use a broker) is a respected market.
Also, what happened to MPT Max? Why did you drop that and launch your own scheme?
First, I thank the moderator of this blog who agrees to publish a right of reply. This is unfortunately not always the case. Accept to see that we were wrong is a form of intelligence.
@ OZ
You are right, the trading is not a science and losses are part of trading. This is for the speculative tradeurs.
In our case, we have a schematic gains that is absolutely not based on speculation, but on catching the spread, which is much easier. We have developed 2 trading system that do this very well. So our system more open to trade and farms catching the spread, the more commission to distribute.
There remains a risk? Yes, we are trading. But this risk is minimized.
For this we have a reserve of CASH and GTI-Net will initiate this cash reserve for saving accounts that would be jeopardized in the first 3 months of opening.
After 3 months, it is the member to manage their account. This is just like a person who rents a house. If he does not accept from time to time to carry out necessary repairs to his house one day he will not have to rent. But do not worry, our system is shown in no danger of back testing accounts.
Our company is notified to the CySEC and all our member too. Which allows everyone to do this work.
For what you say Cyprus, are stupid things because you do not know Cyprus, ESMA and the European directives. I invite you to visit the website of ESMA, you may understand things and stop uttering your nonsense as truth.
Then we propose to me to register itself as a Broker which would give us more legitimacy.
The fact of working with a broker and not be a Broker provides just us even more legitimacy.
In this schematic, only fools who do not want to understand anything can think of a Ponzy. In another scheme, where we would Broker, one could think of a Ponzy or we are a Marketing Maker and therefore our only interest is that the customer lost on the Forex market.
In our current pattern is the opposite.
Regarding MPT Max:
When told about MPT Max, I was in the finalization of GTI-Net. What was MPT Max looked very hard at what I wanted for GTI-Net. But there were some issues for me to clarify.
So I met responsible MPT Max before I started with them. Why create something that already exists?
I had the leaders of commitments on certain issues to change. It had an automated system for trading, transparency on placement of trades, be an STP, not a Marketing Maker, … Unfortunately these points have not been met because contrary to what had been said, MPT-Max is a Marketing Maker and not a STP.
So I left MPT Max and took my GTI-Net project.
Regards
Jhony DEPRESSEUX
What does any of that have to do with paying out matrix commissions month after month, irrespective of whether your trades win or lose?
Name five online MLM Ponzi schemes ESMA have busted in the last decade?
Many a Euro scam has calculatedly registered itself in Cyprus, because it’s a regulatory backwater. Nobody will take you seriously when you’re registered in one of the scam capitals of Europe.
No it does. Your broker might be registered to offer securities, but you aren’t. Yet you advertise a securities offering on your website (invest $x and get a passive ROI).
We will not go further in the discussion with you OZ. (Ozedit: Cool, bye. Derail attempts and abuse removed. Best of luck with the scamming in Cyprus.)
For reference, this is why you run from any MLM company registered in Cyprus:
https://www.google.com/#q=cyprus+site:behindmlm.com
The only exception would be if the owners are actually based in Cyprus, but I’ve yet to see that.
Those guys are completly inexperienced traders, they allready lost 40% of the investors accounts.
Very stupid program. Doesn’t believe all the bullshit they tell you they are all liars. You will loose your money with them.
Jhony DEPRESSEUX?!! Haha it is just a F… joke.
I know the owner of this SCAM. He has been running these types of bullshits for years. He is an Iranian fellow and his birth certificate name is Ali Akbar Karbalai Admadi, but he keeps changing his name to Majid Ahmadi or Pedram and so on.
He was the owner the same fraud websites like ONLINE3FS, INVEST3FS or NATFCorp.
Not only I lost what ever I had, but also I made my family and all my friends to lose their money and fortunes. Also I was in prison because of him. This is a shame to say but I am telling that to let you know I know this conman.
This is funny because after these years the way he speaks has not changed! He cannot stands anyone says anything against his thoughts, even though he precisely knows that what he is doing.
In that case, he will attack you, of course by just writing because he is so coward to meet you or even call you!!!! then, if he finds you have something to say, he will speak softly and when you continue he will say we will not go further in the discussion. Like exactly what he did in this page.
I am telling you guys that you are right. there is no a true company or activity. It is just a money laundry that mostly is active in his country, IRAN, although he fled to the US about 2010.
Because he keeps changing the website names, he could running this F… money laundering till now.
We are living in Iran and we cannot access to the information as you can. Mr OZ, GTI scam and K Chang keep posting your finding and I suggest you that it would much effective if you translate your finding in Farsi because Iranians who are living in Iran generally do not know English very well.
%10000 be sure that you are hurting him, so Please keep posting.
Here you can see on this forum that Jhony (or Johny / Johnny he doesn’t seems to be sure how to spell his name) Depresseux has allready ran several companies, all of them were scams and went bankrupt.
forum.adsl-bc.org/viewtopic.php?t=81678
Here you can see that he got condemned to a 10 000€ fine.
forum.adsl-bc.org/viewtopic.php?t=92836&p=1494282
Then he launched GTI-NET at the beguinning he was running a Forex scam managing people’s money without any financial licence which is requiered to manage people’s money.
He crashed all the accounts very fast then he mooved to Ras al-Khaimah (a tax heaven in the emirates next to Dubai) and is now running a ponzi scheme suposely selling trading robots paying first investors profits with the new investors money, as in any ponzi scheme he is more focused on getting new investors/victims than going to the bank to get a loan to invest by himself.
this crowd funding system works well since more than a year… doing what was promised. Not the very high returns others offer, but steady and reliable.
Don’t reply it’s a ponzi, I read this 10000x allready… your opinion is clear. they trade and get acceptable returns that’s mine.
Please don’t confuse opinions for facts.
Using newly invested funds to pay off existing investors = Ponzi scheme, that’s a fact.
Having an “opinion” that a scam company is trading when no such evidence exists is neither here nor there. All it does is prove you’re a gullible dumbass.
Like all Ponzi schemes, GTI-Net will collapse once newly invested funds run out.
Alexa traffic statistics show GTI-NET collapsed and was dead for most of 2016/2017 but was resuscitated a few months ago. As of early September it’s gone back into decline.
I hope for your sake you didn’t invest towards the end of the hype train.
Ok,
show me that please, must be a link …
I got my money out x 20 that is not the problem, but I am reluctant indeed to bring in others if this proves to be untrustworthy.
thx.
Show you what? It’s in their compensation plan.
If you can’t confirm GTI-Net are trading forex and that revenue from such trading is being used to pay you, then you can confirm yourself GTI-Net is a Ponzi scheme.
these are your words no? Give me a copy of that. simple.
Look it up yourself on Alexa.
that is too easy, give negative comments and when asked about some details we can look it up ourselves?
ok, whatever.
Facts are facts, whether you see them as negative or not is neither here nor there.
I think we’re done here. Best of luck with the scamming.
You forgot to say the magic words.
(The magic words are “Hello officer, I am a serial fraudster, and would like to confess in the hope of a reduced sentence.”)
The belgium financial autorities have released a warning against this fraud.
fsma.be/en/warnings/fsma-warns-public-against-activities-gti-net-global-trading-and-invest-network
Thanks for the heads up!
The “founders” seem to have left in May: beta.companieshouse.gov.uk/company/10426050/officers
Looks like they’ve officially shell incorporated.
UK incorporation for an MLM company with no presence in the UK is a red flag. No legit reason for it, other than to create the illusion of legitimacy (“hey look at our PDF certificate!”).
This company is recruiting a lot recently, just checking if anyone has some new information?
Im wondering the same as jack, this all just looks fishy in many ways.
New video been released: (spam removed)
How come this receives no attention?
Please don’t post marketing spam here.
I heard payment to members has been suspended, is this the beginning of the end, anyone has information?
The end is nigh!
On paper, the broker priorFX is owned by a law firm but I expect one of the founders of GTInet to be the owner.
Both were founded in Cyprus during the same year and both have a smelly history.
It also seems that this broker has a strategy of earning from their client’s losses, or so it seems reading some reviews on fpa.
Down and down we go!
alexa.com/siteinfo/gti-net.com
They stoped paying because Jhony Depresseux and his ponzi scheme promoter Gregory Scohy can’t keep their ponzi scheme runing.
They pretend to be paying 1%/week but they’re strugling to keep their equity afloat with an insane drawdown of over 55%.
They’ve even blew up a handfull of accounts with investors money but off course they’ve imediatly hiden them. myfxbook.com/members/GTINet/gti-system-2/1921235
As you can see they can’t even make a couple % of profit in equity per year so the only way for them to pay 1%/week to their investors is by running a ponzi scheme paying the withdrawals with the investors own money.
The problem now is as Jack mentionned their traffic droped so they are struggling to trap new victims and their victims are finally opening their eyes and seing that those guys are just serial scamers, ask to get their money back but can’t and only get stupid nonsense excuses.
Hi Scamalert, how do you know they stopped paying?, not anyone has confirmed this with me.
(I am just trying to find more info, members staying silent, looking for people to come forward about being scammed)
Thanks.
Anyone has any news?
Looks like after collapsing they’ve found some new gullible suckers in France.
They are still building like you mentioned in France, Belgium, Spain and I believe especially the UK.
They announced recently they will hit more than 21.000 members by the 1st of december.
If they stil pay I have no clue.
ITS A PONZI SCHEME.
yes, I just checked my account. I continue to see profit in the log every Friday. I could cash out with advcash I assume but I just got in. 😛
@Tnerolf, you indeed assume you can cash out, but try it… It will be difficult and if it is possible it will takes ages before it is in your bank account.
AdvCash has blocked GTI-NET over a month ago, so you won’t be able to use that at all to get your money.
They are not paying, they say To pay the news arrivants with GTI points and the new arrivant pay you with real money. But you cant cash out for months now.
Hi, my friend offer me this opportunity, but after your review the answer is “NO”. Please tell me if you take your money out.
And if there is SOME investment opportunity, if you can offer some firm?
Try reading some of the comments above your own?
And stop being lazy. Anybody who approaches you with an investment opportunity has a vested interest. Do your own due-diligence.
I have a GTI-Net account. A friend sponsored my membership (he was given these point by gti to open new accounts), so i did not have to pay to get an account.
He says i don’t need to find new members, it’s my own choice. If i don’t add members in 6 months, I will be a permanent customer. then it will take me about 7 years to get a full licence.
If I add members i can get there quicker. If this is a ponzi, isn’t it strange i’m not encouraged more to add new members?
Did you ask what a “permanent customer” can or can’t do as opposed to an affiliate who has recruited new investors?
And what does having a “full license” entail?
Sounds to me like it’s either don’t recruit and wait 7 years before you can withdraw anything, or recruit and start stealing today. Sounds like strong encouragement to “add new members” to me.
Regardless, whether you personally recruit new investors in a Ponzi scheme is neither here nor there.
ROI revenue being generated from new investors is what would make GTI-Net a Ponzi scheme, irrespective of who recruited them.
Okay i want to put some things straight, first of all i’m a member for more than 1 year and a half.
I basicly saw every thing what happend from the fsma warning till now. the only thing i can say is what they say to me ofcourse.
Call it brainwashing of the ponzi makers or what ever u wanne call it. But i ain’t stupid to believe everything, i still think for my self.
What i wanna tell is why they put so many effort in creating new products, new abilities to help the real poor people and why they start up a charity unitedcareforlife.
I also had the privilege to talk with Sven more than once on meetings and he never gave me one bad intention.
Because of some holy houses in Belgium the payments didn’t happen what is actually true this because they freeze every bank account gti opens to try to pay theyre members. (again this is what they tell us is it true yes/no ok i can’t really tell u if it is the truth)
Now last month the news spread our own payment procesor will launch and it ain’t a little one active in over 174 country’s. This company ain’t easy to get them trusting your company.
They screen u. But they approved to work with us.
They also organise a press day for the upcomming new product in may. I believe they won’t quite beceause we have now over 31000 clients aprox start of 1000€ thats around 31 000 000€.
Why they still show theyre faces? Why they still try to achieve all those things? For scam? In belgium we all know where johny lives, where sven lives we know there family.
Did you ever see a scammer go so far out of comfort zone then these guys? Just like me u know people with money invested in this and people with money always know some bad people to fix problems if u know what i mean.
So tell me WHY u think after this statement that they still are scamming people?
U can disappear that is true but if u had 31mil? Why will u still stay and always try to calm down the people and convince them to keep trust if everybody knows who you are and where u live?
By the way the post u made about commissions is not how they pay us. I would like to sort out the payment system if u like and aprove this message.
The difference between a member and a customer is easy to explain. If u want i’ll explain it after your answer on this post.
Grts a trusted “scammed” gti member
So that gullible people like you run around the internet asking “why they put so much effort in creating…”, instead of focusing on the fact that GTI-Net was an illegal unregistered securities scheme.
Or GTI-Net just ran out of money and collapsed. But uh sure, your conspiracy theory works too.
Yup. Desperately trying to feign legitimacy as authorities close in is par for the course. You can see it playing out with DealShaker and OneCoin at the moment.
Yet here we are, with you regurgitating excuses for scammers.
GTI-Net collapsed and then managed to resuscitate itself in Belgium. You can see this plotted on Alexa’s traffic estimate chart for the GTI-Net website.
Whether Belgian authorities do anything, who knows – but banking difficulties is a start. Meanwhile when the new Belgian money runs out and recruitment dies again it’ll be collapse 2.0.
But u still think you just pay money and u don’t buy a product? We buy a software program created for the forex market.
It really excist and it really works seen it with my own eyes.
We buy something for real not just giving our money to get commission. The money we get is a nice surplus 1% every week.
Now to explain the Member, costumer.
A customer don’t need to look for other clients he just get 1% a week on his product and with a full licence he can use the software connected with his own money on the forex market.
GTI has nothing to do with this its totaly on the customer private account outside of GTI. He can buy other products to create more income that our company offers. here it stops for a regular client.
Member aspect, all the same as customer only 1 thing our matrix have a locked matrix of 4×4 max 340 in 1 matrix they pay us:
lvl 1 = 0.12% a week x 4 members
lvl 2 = 0.24% a week x 16 members
lvl 3 = 0.48% a week x 64 members
lvl 4 = 0.96% a week x 256 members
in total they pay us with the extra 1% we earn on our own product we bought 2.8% a week this when u have a matrix with at least 1 person on every level so if u have 4 people and u put them in one straight line from level 1 to level 4 and they all start with 1000€ that makes 4000€ they pay out 112€ the rest they generate more money with the software explained by johny in one of the post above.
I have seen the software working and they make around 9%-14% profit every month so if u are good in math u can see this has potential to work effective.
Maybe i am bad at math and this mean u can laugh very hard. or this a point where u can and go calculate why it is a ponzi.
also people who join “late” can make more money then the guys on top.
No. What you add to an MLM company with no retail is irrelevant.
Ditto what you add to an MLM company in which the majority of sales revenue is generated from affiliate spend.
With no retail, you cannot accurately make that statement.
Not a retail customer. An affiliate.
No need to calculate anything. The only verifiable source of revenue in GTI-Net is affiliate spend. Thus anything paid out is funded by affiliate spend.
1. “1% a week” is not how legitimate forex trading works.
2. If GTI-NET stops operating tomorrow your forex license stops working. GTI-NET remains in control of ROI generation at all times.
They are not registered to offer securities in any jurisdiction and fail to provide legally-required disclosures to regulators, their investors and the general public.
Irrelevant.
Well u turn it your way anytime u can or want.
I tell u how they pay us and u tell me im wrong but u are on the outside, i am on the inside.
I went deep into the fundaments of the company u look it from the outside thats a fact. U think and i “know”.
Indeed this is what they promise and give every week this has NOTHING to do with the forex trading.
IF indeed IF they stop working the license doesn’t stop because it is a algoritme a robot created like the other 1800 robots u can find to trade on the forex market.
A customer don’t need to look for other clients he just get 1% a week on his product
Yes also a customer has this 1% not only the affiliate…
We have retail u know what u buy and u get what u buy. If u think we don’t have prove it?
That’s a cop out. Facts are facts.
“I tell u” is not a substitute for regulatory registration, regulatory filings and public disclosure – all of which are legally required.
And without which, anything you claim GTI-Net is or isn’t doing is non-verifiable and thus pointless.
As it stands the only verifiable source of revenue entering GTI-Net is affiliate fees/investment. That’s what they’re paying out with.
Thank you for confirming GTI-Net is a Ponzi scheme.
Whether someone stealing 1% a week from people who join after them personally recruited or not is irrelevant.
Affiliates = customers in GTI-Net. Neither are retail customers.
I have recently joined GTI net with the minimum 500€. After reading this article I am now considering again the idea..
Question is, if I choose to stop and not market the scam (if it is a ponzy scam), what are my options in order to get my initial investment back.. If any.
Can someone please advise my on how to continue from here?
Have you tried asking for a refund? Otherwise you’re looking at approaching your payment processor (bank, credit card etc.).
If you paid someone directly to join, sorry for your loss.
I checked this site but there’s no transparency, no clear explanations by anyone so far who is participating in this program. Software? I haven’t seen any of that.
”GTI-NET Ltd has ceased its commercial activities.”
I think the owners are gone with the money to a paradise island somewhere on this planet.
It’s called ‘Global Technology Innovation’ now, has a ‘new’ website domain.
Under the motto ‘GTI has been bought by this Company that has been around since 1997. But no reachable website of this company, besides the same still amateur-like build from GTI (clearly a copy/paste). And have yet to meet someone that can provide actual proof they had ever succeeded in getting a single payout…
Every month a new excuse about how they’re trying to solve the pay-out system. Pretty strange since they claim to be a ‘million dollar business’.
But yes, I too was blinded by someone I considered a friend. Turns out he just plain lied about how he had been payed out etc etc…
If this Truly was a million dollar business, the website would be way more professional, it’s a technology Company FFS… But can’t het further then a WordPress look-a-like. Don’t get me started about all the rest of the bullshit.
Can’t believe how much people attend those meetings, felt like some cult-shit. No kidding there, it really did.
Want my money back (which is impossible, though I read Jhony’s comment claiming you can always get your investment back) And how is it even possible you can’t just close, cancel and delete your account?
It’s a huge scam, no doubt about it.
Anecdotally, 30% to 50% of the participants in these things are “shills” or just plain pimps.
Which is why most observers take any “I got paid” posts with a pinch of salt.
GTI-NET Ltd has ceased its commercial activities.
NO LINK//gti-net.com/
This is the new umbrella of GTInet of course, they even didn’t take the time to develop a new Corporate logo that looks different than the GTInet one, they are so very similar.
Their creative department should have done a better work than just create a logo with the G. again.
That besides of course that the scam keeps going and changing name was a necessity because the GTInet name starts to be reported and polluted everywhere. To much rubbish to find on google with GTInet.
I really had to laugh when you look at the countries with this new entity where you can’t do business.
North Korea
Venezuela
Belgium
Luxembourg
Syria
Afghanistan
Myanmar
Look at Belgium (the country of Jhony) and Luxemburg probably where some of the assets are beside Dubai in that list.
The rest of the countries I don’t have to tell you more !
The joke is going on.
And also GTI’s so called broker company PriorFX changed their name to Prior Capital Cy Ltd!!!
lb.lt/en/sfi-financial-market-participants/prior-capital-cy-ltd
BTW, I was stupid to become “customer” of GTI-NET about 6 months ago. My own fault, didn’t check all the facts first before I started this after hearing advice and a nice story of a friend, who still thinks this is not a ponzi.
I quickly found red flags everywhere, the unprofessional website, unreliability of PriorFX, questionable history of Sven Lefeber and Johny Depresseux, the MyPrivateTrade and MPTmax scams etc.
Fact is, as long as I am member there is no payment system to get your money paid out. So anyone who claims to be paid real money is wrong.
What all members get paid every week is their commission into their intermediate account which is promoted to be spend on other GTI-NET products, like to upgrade your license towards the €21.000 level or invest in rigs.
Crypto mining rigs, all further information about these rigs themselves and which coins are mined is totally non-existent. Each rig will cost €1.200 and they promise also 1% per week on these, which will be again paid out to your intermediate account.
To be clear, the intermediate account is an account on the member part of the GTI-NET website, so everything on that account will stay in the ponzi scheme and you won’t be able to get it paid out to your bank account.
For months the GTI people promise the payment system will be operational soon. Which I believe will be never.
Beginning of April, gti-net ceased activities and now it is globaltechnologyinnovation.
It is exactly the same but in worse.
So they claim to have started beta testing the new pay-out system. Which supposed to work like this: you transfer your collected ‘points’ to a bitcoin wallet.
Buying bitcoins and then you can ‘choose’ to keep the reinvestment in BC or immediately ‘sell’ the BC’s resulting in the oppurtinity to get payed out through a BC wallet… ofc, this is info that’s being told.
Don ‘t know anyone personally who was Lucky enough to be part of this testing phase.
Personally I’m saving up my points from the weekly payouts. As soon as the possibility arises I’m trying to get it as cash.
Rumours go about being able to send the money to a pre-paid visa card… The red line as usual is that fantastic promises are made again and even more great things are coming. But in reality, in the here and now nothing has changed.
Can ‘t believe how many people are still highly convinced praising the product. Even quit there Job to sell air to people because when the pay-out system is launched they are set for life…I smell a lot of drama in the future.
Probably the pay-out system will crash and further research needed, but they were so close… so just a bit more patience please. We’ll see.
Hi Skeptix, any developments on your part?
@Jack
Well, yes.
Like I said in my previous post I had been saving up my points to be able to withdraw a Nice amount of cash when the long awaited pay-out system would be in place.
And surprise surprise… all nu accumulated points were automatically transferred to my points account… So no money for me to withdraw.
Information has become harder and harder to come by. Last I heard the only amount for withdrawal is 500€. Nothing more, nothing less.
And by withdrawal I mean buying crypto with your wallet, selling the crypto and cashing your earnings. So the entire original story has been flushed down the drain.
Following official forums I read a lot of people experiencing problems getting their crypto into cash now. As the saga repeats itself… lot of promises made… but no cigar.
I just posted in another topic on this forum (“gti-net-ponzi-confirmed-reboots-as-global-technology-innovation”) and what I read here is just astonishing.
looking at the webside of Global Tech Innovations and saw the countries which included belgium and the netherland, made me laugh and think twice too
I also attended “a meeting” and have to confirm what Skeptix said:
I felt the same, sad thing is that some people allready did two of these kind of “affiliate programs” and lost money twice, how many times one needs to get wise.
It’s sad this shit keeps going on, but i guess there will always be “dump people, just smart enough to take advantage of the ignorant” also loads of people think to make “quick cash” and doing nothing I suppose (have to think about the wolf of wall street movie right now :D).
The talk host also “quit his job, moved to Serbia as he had some spiritual experiences there and as a advantage he could cash out his monney there with a Bitcoin linked visa/master card at ATM’s so he would not sponsor weapons and such by withdrawing at EU banks.
My friend really believe this shit and even is planning to start talks a well, i guess I just have to leave him in ignorance I am afraid.
GTI is breaking down. They lie all the time. They are changing game rules all the time.
I am also a member of GTI and I got in for free (just like many others). I was already kicked out from GTI facebook group 2 times and also blocked for just asking a simple question.
I asked, Mr. Jhony Depressaux, what happened with my 3000euro commission money. I did not receive it yet? It is not fair you are not keeping your part of the agreement.
They kicked me out immediately.
This is the answer from Jhony Depressaux for all people who complain about the way he treats us in GTI.
Also, GTPLUS and GTFTA are very low priced and will die like many other cryptos.
GTPLUS is right now 0.20ct worth./ we must buy it from GTI for 1euro. GTFTA is 1.30 euro worth. We must buy it from GTI for 5 or 6 euro.
Also we all know that exchange platform that we use is from GTI. More info to come.
@BIG AFFILIATE
YOU TELL CRAP, YOU BUY GTPLUS AND GTFTA AT THE CURRENT MARKET PRICE.
What market price? These are all internal Ponzi points with no public trading value.
Yes there is, check trade.bitblinx.com to see the market price and volume
BitBlinx? Come on mate, GTI-Net’s shitcoins are advertised on the homepage.
~$30,000 trading over 24 hours and an Alexa ranking of 3.5 million. Anonymous domain registration, last updated Nov 2018.
Nobody is using BitBlinx except GTI-Net investors. Anything on BitBlinx is not a public trading value, it’s a defacto internal value.
Thats correct , only GTI investors use this Exchange.
i would just argue on the fact that you can buy these coins on market price and not at a fixed price like Big Afiliate said
Right, so it’s an internal exchange and there is no public trading.
You’re not “buying the coins on the market”, gullible GTI-Net investors are buying from other desperate GTI-Net investors looking to offload their worthless tokens.
Big difference between that and actual public trading with an actual public trading value.
@FTS. You dont get it. Bitblinx is an GTI owned exchange platform.
J. Depressaux and Swen Lefebre owns it.
Big Afiliate: You have prove?
This company is the biggest hoax I’ve come across. Sadly enough I also allowed myself to fall for this trap…
Here is my account of what has happened so far.
I have always been sceptical about the quick money schemes and so I was this time as well, when a friend of mine asked me to join.
I went to search for red flags and thought to have found some and presented them to my friend. He then proceeded by basically ignoring them and showing me how over the past couple months he had systematically been able to withdraw money from GTI.
He even offered me to pay half of the minimum required 500 euro. I don’t know what came over me but for some reason this time I fell for it and got in.
As these things go it first looked promising and my license slowly started to fill and the weekly amount was growing. But soon, because of problems with the banks, they couldn’t pay up my friend anymore (I kept checking with him on his progress as his account was already much bigger). But he wasn’t phased by this.
He told me he just started selling his earned license points to newcomers which transferred their money directly to his bank account and he internally gave them the required 500 points to start.
I can’t recall all the changes that have happened since I joined in the beginning of 2018 but the system that was presented to me is long gone and still there is no way to get payed the money I and so many others invested.
So what do I know so far:
1) As mentioned above, GTI members have been taking money from newcomers instead of being payed by GTI.
2) The so called trading accounts with the worlds best trading software have all but disappeared from the public eye. You used to be able to find these accounts on an independent website for trading accounts called MyFXbook. They have disappeared a couple of months ago.
3) A new payout system was introduced through a Chinese credit card company for which you had to undertake all kinds steps and pay up 50 euros for a credit card. Then suddenly this was never mentioned anymore and it was dropped. I don’t even know if my friend got compensated for that 50 euro investment. I’m not bothered to ask to be fair.
4) The lawsuit they lost in Belgium after they started this lawsuit themselves because they wanted the FSMA to acknowledge that they are not a ponzi scheme. After which they banned certain activities and options all together in The Netherlands and Belgium because it became to hot under their feet.
5) The transfer from GTI net to Global Technology Innovation. You have to ask yourself here… If you are a legitimate company then why all these changes. But it was all for the best because under this new company they will expand their business and their products and we will soon have a payment system. Well I have not seen any new products. My back-office has changed more times than I can remember and I still don’t have the ability to simply cash out the 3000 euro that is supposedly waiting for me.
6) The addition of crypto currency. In true ponzi scheme style they now added the ability to cash out in crypto currency against insane prices for which you get far from your money’s worth… but of course this will change in the future when the currency becomes worth more… Or so we are to believe.
I have to say I’m not up to date anymore with the current way GTI net is going forward. But I can add this:
In the time that they where still advertising the sole forex trading scheme and their accounts where still trading on MyFXbook, I had made it my personal commitment to find out as much about forex trading as I possibly could.
I compared their account with other (much better) established accounts to first of all figure out exactly what they where doing. Because of course in true GTI net fashion nothing was visible.
Only the bare minimum that needs to be visible about your forex trading account was available and nothing else.
So I dug deeper into other forex accounts that had all information open and visible for their investors (trustworthy accounts in other words) and started comparing them.
I figured out by being able to fill in the blanks that the GTI accounts made an increase of not even 2% per month while they say that for your account alone you get 1% interest per week.
I know they say this is from commissions from the traders and not from the actual profit but it doesn’t add up. Because if you realise that you as a person are probably always 4th in line of someone else that means that if you add all the commissions together your account should be providing 2,8% of it’s own value every week to just pay out yourself and the people above you.
2,8% per week is never going to be covered by a value growth of 2% per month.
Why did I write this post? Well just to have another individual documenting their experience with this shit show in the hope that others get warned.
I will never defend this company until they show me that they can legitimately pay me and all others the money that is waiting for us.
And to OZ. I would ask you to make another article about this ponzi shit show.
BehindMLM is covering topics from OneCoin on an almost daily basis but we all know that, that has now been publically acknowledged as ponzi.
This GTI however continues to make new victims and they are now already over the 34000 members.
Please summarise all things that have happened and publish a new article. If everything people can find about GTI keeps dating back to the beginning of 2018 and with no updates people might not get the hint.
That’s it from my side. If anyone here could elaborate more on what is currently happening with the crypto currency stuff that would be great. I want to be able to warn people about that but I don’t have the time to do another investigation again.
Cheers!!
GTI-Net collapsed after Belgian authorities announced an investigation.
The company rebooted as Global Technology Innovation but that collapsed too (Alexa is at 11 mill).
We have covered these developments in separate followup articles.
This is not correct. They are not the owners of the exchange, only a coin listed in it.
It’s pretty obvious Bitblinx only exists to push GTI-Net’s scam coin through.
However they’ve set it up, without GTI-Net Bitblinx doesn’t exist.
I’m starting to suspect we have the same ‘sponsor’. He got to me with the same shitstory.
And now…crapping his pants due to lowered income caused by Corona. I was like wait… didn’t you get a passive income of 2000€/week??
Of course I long know this was BS. But this definetly confirms it. The big players, the cult leaders, I don’t know what they have been offered… But in my opinion they should be jailed.
Lie after lie up on lie and preying on people that actually need money. Making them big promises if they hand over 500€. Now…I don’t ‘miss’ 500€. But a lot of people do.
What I don’t understand is how this is still alive and not banned by law.
Let me clarify this you worthless piece of random horseshit.
You and your comments on every post made on the official GTI groups on Facebook… It’s obvious you run the page, nobody is as easy attacked or narcissistic as you in replies.
I’ll say it here for everyone to read. I’ve seen you take members hands full of cash put in your hand. Literally thousands of euro’s from one hand to the other because wiring the money over was no longer an option.
Don’t you fucking say you never saw any money from the people you screwed.
And globalcars? What a joke. Circle? Haha. Robocash? Do I need to continue? You’re a parasite. And as I said before. I don’t miss 500€, but I am Q5 and regret it.
Now hop along and ban some more people who aren’t afraid to go against your dictatorship. Know this… You can’t hide in Facebook forever, bitch.