Jubilee Ace Review: Jubilee credits arbitrage Ponzi scheme
Jubilee Ace operates in the cryptocurrency MLM niche and claims to have been “founded in British Virgin Islands in 2018”.
Jubilee Ace represents an individual named Tony Jackson is its CEO.
Jackson (right) doesn’t appear to have a digital footprint outside of Jubilee Ace’s website.
On June 9th Jubilee Ace uploaded a video to its YouTube channel titled “Jubilee Ace Global Launch 29th May 2019”.
Jackson appears in the video so despite the stock like photo used on Jubilee Ace’s website, does appear to be an actual person.
Or at least someone playing him.
Jubilee Ace’s launch event was held in Macau and primarily features what appears to be affiliates of Asian origin.
Jubilee Ace’s marketing has a notable focus on Thailand and Japan.
It is highly likely that whoever is actually running Jubilee Ace is based out of Asia itself.
Given the lack of information available on Jackson outside of Jubilee Ace, I’m chalking this up to another Asians hire actor to front their company scenario.
Another possible scenario is “Tony Jackson” and friends are from Eastern Europe.
I’m doubting this though as Jackson and friends appear to have been given scripts to read at Jubilee Ace’s launch event.
This would require a level of English proficiency typically absent in eastern Europe scammers.
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.
Jubilee Ace’s Products
Jubilee Ace has no retailable products or services, with affiliates only able to market Jubilee Ace affiliate membership itself.
Jubilee Ace’s Compensation Plan
Jubilee Ace affiliates sign up and invest in credits:
- 1 Star – invest $1000 and receive 1000 credits
- 2 Star – invest $3000 and receive 3000 credits
- 3 Star – invest $5000 and receive 5000 credits
- 1 Star Diamond – invest $10,000 and receive 10,000 credits
- 2 Star Diamond – invest $30,000 and receive 30,000 credits
- 3 Star Diamond – invest $50,000 and receive 50,000 credits
Existing Jubilee Ace affiliates are also to direclty invest in Jubilee credits, although pricing is not provided.
Once invested in, Jubilee Ace affiliates can either earn a flat return on their credits or park them with the company for a higher return.
Jubilee Ace pay a daily flat rate 0.08% to 0.1% return per credit.
Whether this is a percentage of the $1 charged per credit invested in or is based on some other value is unclear.
If a Jubilee Ace affiliate opts to park their credits with the company, the following daily return rates apply:
- 1 Star and 2 Star package affiliates – 1% to 1.7% a day
- 3 Star and 1 Star Diamond package affiliates – 1% to 2.2% a day
- 2 Star Diamond and 3 Star Diamond package affiliates – 1% to 2.7% a day
If an affiliate opts for the higher parked returns, Jubilee Ace charges a 30% fee on returns paid.
Annual returns are cited for parked credits, however whether there is a minimum amount of time credits must be parked for is unclear.
Finally there also appears to be a “compound interest” option, wherein Jubilee Ace pays up to 1.2% a week on an affiliate’s credit balance.
Specific details are not provided.
On the MLM side of things, Jubilee Ace affiliates are paid to recruit new affiliate investors.
Note that Jubilee Ace pays 25% of all MLM commissions earned in Jubilee credits.
All Jubilee Ace returns, commissions and bonus withdrawals attract a 10% flat fee.
When a Jubilee Ace affiliate recruits a new affiliate investor they receive a commission.
- 1 Star package affiliates are paid 6%
- 2 Star package affiliates are paid 7%
- 3 Star and 1 Star Diamond package affiliates are paid 8%
- 2 Star Diamond package affiliates are paid 9%
- 3 Star Diamond package affiliates are paid 10%
Jubilee Ace pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day Jubilee Ace tallies up new investment volume on both sides of the binary team.
Affiliates are paid a residual commission based on investment volume match on both sides.
- 1 Star package affiliates are paid 6%, capped at 1000 credits
- 2 Star package affiliates are paid 7% capped at 3000 credits
- 3 Star package affiliates are paid 8% capped at 5000 credits
- 1 Star Diamond package affiliates are paid 8% capped at 10,000 credits
- 2 Star Diamond package affiliates are paid 9% capped at 12,500 credits
- 3 Star Diamond package affiliates are paid 10% capped at 15,000 credits
The fact that residual commissions are capped daily based on credits, suggests payments are made in credits ($1 = 1 credit?).
The Arbitrage Bonus is a percentage bonus based on returns paid to downline affiliates.
- 1 Star package affiliates receive a 1% Arbitrage Bonus
- 2 Star package affiliates receive a 2% Arbitrage Bonus
- 3 Star and 1 Star Diamond package affiliates receive a 3% Arbitrage Bonus
- 2 Star Diamond package affiliates receive a 4% Arbitrage Bonus
- 3 Star Diamond package affiliates receive a 5% Arbitrage Bonus
Whether the Arbitrage Bonus is only paid on personally recruited affiliates or the total downline is unclear.
The Leadership Bonus is a one-time rank-based bonus.
- Ace Agent – generate $30,000 of accumulated investment volume on your weaker binary team side and receive $300
- Ace Specialist – generate $100,000 of accumulated investment volume on your weaker binary team side and receive $2000
- Ace Executive – generate $300,000 of accumulated investment volume on your weaker binary team side and receive $9000
- Ace Master – generate $500,000 of accumulated investment volume on your weaker binary team side and receive $20,000
- Ace Director – generate $1,000,000 of accumulated investment volume on your weaker binary team side and receive $50,000
- Ace President – generate $3,000,000 of accumulated investment volume on your weaker binary team side and receive an unspecified share of Jubilee Ace company-wide investment revenue
Joining Jubilee Ace
Jubilee Ace affiliate membership is tied to investment in one of six offered packages:
- 1 Star – $1000
- 2 Star – $3000
- 3 Star – $5000
- 1 Star Diamond – $10,000
- 2 Star Diamond – $30,000
- 3 Star Diamond – $50,000
The more an affiliate invests the higher their income potential via Jubilee Ace’s compensation plan.
Jubilee Ace markets itself as “the future of investment”.
In reality it’s just a typical MLM Ponzi points scheme.
Jubilee credits are worthless outside of Jubilee Ace’s MLM opportunity. They are not publicly tradeable and it’s not even clear whether they’re a token or just credits tracked on a database.
In any event, Jubilee Ace are flogging Jubilee credits to their affiliates for $1 each.
There’s no mention of an internal exchange in Jubilee Ace’s compensation plan or on their website.
There has to be some way for affiliates to cash out credits though, so either it’s an internal exchange or just through the backoffice.
Jubilee Ace claims to generate external revenue through Aqua, a purported cryptocurrency, sports and gaming arbitrage bot.
AQUA is monitored, maintained and serviced by an onsite team of both software and hardware engineers.
Beyond their marketing pitch however Jubilee Ace fails to provide evidence of arbitrage revenue actually being used to pay affiliates.
Furthermore despite clearly offering a passive investment opportunity, Jubilee Ace is not registered to offer securities in any jurisdiction it operates in.
The company offers up a BVI incorporation certificate for “Jubilee Ace Limited”, however this is not a substitute for regulation with financial regulators.
On this note I also want to point out that there is absolutely no legitimate reason for an MLM company to incorporate itself in the BVI.
The British Virgin Islands are a scam-friendly jurisdiction with little to no regulation.
From a regulatory due-diligence perspective, BVI incorporation is meaningless.
Combined with their actor like executives and cliche fly in, fly out song and dance ceremony in Macau, Jubilee Ace brings up plenty of red flags.
With no external revenue source, Jubilee Ace is simply recycling newly invested funds to pay off existing investors – through a convoluted internal credits scheme.
The use of newly invested funds to pay existing affiliates daily returns makes Jubilee Ace a Ponzi scheme.
Commissions paid on affiliate investor recruitment additionally adds a pyramid layer to the scheme.
As with all MLM Ponzi schemes, once affiliate recruitment slows down so too will new investment.
This will starve Jubilee Ace of return revenue, eventually prompting a collapse.
Being a Ponzi points scheme, this will see Jubilee Ace’s owners and early adopters (featured in their launch video) cash out.
Everybody else will be left holding worthless Jubilee credits they can’t do anything with.
Update 5th March 2021 – Jubilee Ace has rebooted as Globalytics Tech Research.
Jubilee Ace Ponzi is attracting alot of Japanese and Koreans now!
As always European actors!!!
They just started in Germany. Well known MLM Scammer Joerg Wittke swapped to Jubilee leaving Bitclub Network behind him.
More and more BitClub members of so called “Centurion -Club” (Joerg Wittke downline in BitClub Ponzi sceme), start to promote Jubilee.
They announced a Kick-Off-Event in Frankfurt for August, 16.
Where it says Jörg D. Wittke, there’s 100% cheating inside!
And at the same time, the Bitclub more ore less stops his mining activity. At the moment the Hashrate is below 50 PH. Financial reserves are shrinking dramatically. There is a remaining rest of just 237 BTC on Bitclubs blockchain wallet.
(click to enlarge)
Now there are opening up in Europe! Scammers every where.
Hallo everyone. I´m invested 1000 USD in Jubilee ACE for about 6 weeks ago.
After my membership i have done one transaktion they calling a Campaign and nothing more.
I have now realized this i a Scam business and have i polite manner requested to cancel my membership and withdraw my money.
In the mail conversation there is impossible to answer back in the same thread that make the complete content of matter impossible to follow.
After 6-7 mail the final answer is Ace will not give my money back, that prove above article.
Is there anyone that can give any advice how to proceed with this issue in a legal way. Thank you in advance if I get any advice….
If you paid using credit cards do a charge back.
How is membership /investment paid ? With regular money or crypto ?
Looked like USD when I wrote the review. Might have changed since.
This is for sure a scam but don’t you try to follow what you are supposed to do with Jubilee software?
Asking because at one point you should have earned 1000 credits which is 1000$. Then try to take that out from the account. Guessing it ahould take you about 1,5 years.
The thing that stopped me from Jubilee is that you are not investing 1000$, yiu are renting the ability yo use the software with that money!
Is this Scam Jubilee Ace still going on?????????
Alexa web traffic on the downturn.
90% of traffic is from Japan so you’re unlikely to hear anything about the collapse in English.
Is the scam jubilee ace already closing down? Or is it still growing strong?
What’s the update from japan ? Why japan?
By the time Jubilee Ace closes down (admins do a runner) it’ll be too late. They are primarily scamming Japanese investors based on website traffic.
I think what you really want to ask is whether you should invest. Couldn’t care less if you do, this isn’t the place to ask.
Activity from them in Sweden sadly.
Jubilee Ace is a total scam. Sadly those Japanese are easily tricked. tony Jackson is a fake actor, and they use bobby and Leslie to lie to Japan and europe market.
now there’s new Ponzi PRANCE GOLD, which is the same as Jubilee ace management, to scam the Japan and europe again.
pity those who don’t know the truth. using another fake ceo ANDRE. fake name. now they use Jeffrey Guo, same as Bobby to lie again.
Of course in video, Jeffrey denied its the same as Bobby’s project, but the truth is there are the same boss behind running it. they are all from Singapore.
Think about it simply, why until today, there’s no ZOOM VIDEO directly with the CEO Tony Jackson? And directly with ANDRE?
Jubilee Ace just launching the new liquidity 90 days pack, with a fake promise of higher ROI, but you have to lock your capital for 90 days.
Obviously this means, they are already running dry of cash after 1 year, the only way to pay the existing old members, is to have new funds coming in and keep dragging the time before this Ponzi collapsed. and have to lie again and use this to close their Ponzi. while relaunching PRANCE GOLD.
I was looking for information as a friend of mine joined about 4 months ago and apparently happy with the turnover. So I wanted to seek more info. I really doubt I will be trying.
I attended one of there online meeting as a guest. I just can’t figure out how can they recieve a flat return using trading bots??? Especially with such a high % of weekly earning return.
In trade, there is up and down getting always provide seems suspicious. They should make a super high % profit to allow distributing 6-10% flat commission weekly.
I am not very knowledgeable on this but seems a bit too good to be true.
It says you keep 70% of the profit, they take 30%.
Mon friend invested 2,000$ and already cash out is iniatial investment and made 6,000$. Even if he explained me (because I asked, he never tried to bring me in) I have difficulty to believe in this.
Would be great to continue a follow up on this 😉
There is about 100-150 members in Thailand I think.
I read today from one of their announcement to members that they are launching there own crypto: “aquanite”.
They already have Jubilee credits. Really doubling down on the token exit-scam I guess.
Own Coin? Lol! Exit Scam now. Jubilee has been more than 1 year. its a Ponzi, and they have been running out of money now for payout!
They have to find ways to introduce new funds like Oasis 80, and LP90 and now Jubilee Holdings and now new Token, all of this is scam exit strategy!
Cheers Tommy. I am not one of their member 😉
I am just sneeking into their group to observe as I was curious to see how my friend could get such return. Still I am not buying it, seems to easy for me and make me wonder how can you always “win”.
There are announcements about the crypto they are launching but it’s all in Thai.
Usually in Thailand when something come from Japan, Singapore it’s usually trusted. Maybe a reason why they set it up this way… thoughts.
This is a copy paste article. Althought not sure who copied who:
I personally author any content that appears on BehindMLM from scratch.
Any time you see the same content published elsewhere it’s been copy and pasted from here.
Is jubilee ace still going?
Jubilee Ace’s website is currently down. Assuming that’s why you’re asking.
Its only open in europe server and Japan server. other countries are not allowed to enter their server.
It credits and has clickable links for the behindmlm home and email contact page at the bottom.
Seeing as the US is/was the second largest source of traffic to Jubilee Ace’s website, probably not long before they exit-scam Japan too then.
I’m in Europe, and it’s down for me. Firefox tells me:
I then tried Opera, whose built-in VPN access allows one to pick one’s location. Whether I use an IP address in Europe (Sweden), the US, or Asia (Singapore), the result is the same:
That error message suggests it could just be a technical screw-up. Of course, that could also be what they want us to think, as part of the exit strategy.
Never put up a sign saying “Sorry guys, we’ve shut down because it was all a scam. Thanks for all the money.”, always try to leave confusion about what has happened for as long as possible.
Can anyone enter the website from Japan country? It seems nothing is wrong in the server from Japan at all.
Recently they launch new coin
One of their office for Thailand is in Bangkok. They run frequent zoommeeting and active on LINE group chat.
Few days ago mentioning about payment request that can be done every 1st and mid of the month. Takes about 5days to be paid in bitcoins.
Is Jubilee Ace still paying?
99% of people in Ponzi scams lose money. If you have to repeatedly ask “is it still paying?” on random blogs, you’re not going to be in the 1%.
To directly answer your repetitive question: it doesn’t matter, see above.
Take note that I’m not one of there members, I only join there video call to see they presentation and got a friend who’s into it.
The return you got is from the arbitrage the bot do, you have to choose a campaign. From my calculation, if you always reinvest your profit margin it will take you about 14month to double your investment.
So if you place 1k$ probably not worth the risk in my opinion. But if you get affiliated below you, you get extra commission.
How long they will run… no idea.
Here in Thailand they pay in Bitcoins and Cash THB.
Prove it. Where are the legally required audited financial reports filed with regulators?
Same as any Ponzi scheme, until new investment runs dry.
Just to clarify, I am not one of their affiliate, neither I am backing up this company. I am just sharing what I know.
I haven’t join because if that would really work it would need a lot if investment to look interesting, not just few thousands and that would surely be risky.
First the proof, well you are the wrong person to ask. I am not running the show. But they do have live trading during the video call.
I.e trading USD to BTC to ETH back to ETH and get a very small margin in 3 sec. I got a screenshot I think…
But anyway I am surely not here to argue. Cheers.
Not what you know, what they’ve been telling you. The “live” trading is just for show; what is really happening is a straight Ponzi scheme: new investors pay the returns for earlier investors. It’s illegal because it is guaranteed to crash and leave most investors with empty hands.
In other words, the promised returns aren’t high enough? Here’s an idea: stay out because it’s a scam and you are not a scammer. Unless you are.
To put it bluntly: if you choose to invest in one of these schemes that promises a set return over a set amount of time (that is much higher than you would get from, say, a bank), then you are a scammer.
There is no legal way to guarantee doubling your money in 14 months, or 24 months, or 6 months. So if you participate in one of those schemes, you are participating in a scam, and you are a scammer.
Without proof you don’t know.
What you’re actually doing is regurgitating Ponzi marketing points.
I agree there’s no point arguing with someone who’s making things up.
Hi, sorry I should have say “I am only sharing what I heard and saw”. Man why are you attacking me??
I am not “someone who is making things up”. Not really sure if you misunderstood me.
I am not promoting this business. I am just trying to share and get information out of curiosity.
Any maybe waste of time, cause I am not going to invest in that anyway.
Thanks and bye, I better off continue my reading on stock market. Cheers and cool off man 😉
Nobody is attacking you, I’m pointing out that you’re running around posting Ponzi marketing spam.
You’ve literally done zero research into the claims you’re posting to verify. And when that’s pointed out you get defensive.
Ok, nevermind. I am not native English speaker so probably a misunderstanding.
I was just looking for point of view in this and yes I have no much info on this just some screenshot from their group and my friend activity as I did not join them. And will not join them.
So I don’t understand why you are saying I am promotion spam post on there scheme.
I just wanted to share what I heard and saw with other, having no knowledge on this at all, I just thought to give more advance feedack and analysis.
You are such a fool.
The live trade? It’s just a show! Did they show you the trade of hundreds millions? No!
They only show you 0.05 BTC lol! And you believe they trade all of the hundreds millions of funds???
Jubilee A is a fraud! And the Japanese and European Germans have NO IDEA. Including you as claimed in Thailand.
They are using new funds to pay old funds and making sure the real owner who is in Singapore, bobby and Lesley are just a puppet and right hand man.
Now more then one year, they are running out of funds as people are withdrawing money, so they have to keep coming out with new funds to lure investors to keep investing money!
Look at Oasis 80, look at LP90, look at the upcoming Coin ? AQUA coin?!! List to exchange? Wallet? That’s the big red flag that they will dump the value of the coin!
Did bobby say there’s auditing? Laugh out loud! Where is it? It’s just a nice show to let investors know they are legit but it’s just a show.
And you believe they do trade of all of the funds? How foolish!
In japan, the FSA is already eyeing at the Ace Presidents who are promoting Jubilee! Also Bobby is under watch list by the investigators.
Now that’s a great read!
Again – please understand I am not on their side nor promoting.
You could call me foolish if I had invested and believe what they show and say, but that no the case. I agree and like you questioning the “live show” anyway.
I am over it, I’d like to pass on something else and I can sleep with peace of mind 🙂 as I haven’t invest even a $.
Cheers and thanks for the info.
Have a look at the picture above.
Most of the german Jubilees played the BitClub game in the past.
I don’t think you’re foolish for coming here to ask, that’s smart. I’m glad you didn’t invest, and hopefully you can stop your friend from finding more friends.
With a Ponzi, people are actors and must fake everything they do in order to recruit more people’s money into it.
Naturally, any video produced by them is going to also be fake info, but some people don’t understand this.
Simply put, the information con men and the participants present cannot be trusted. Duh, right?
The fake story is what makes it a scam instead of just blatant theft. Also, “making money” doesn’t mean it’s not a scam. People are just STEALING money from others.
Tip: If it involves network marketing aka multi-level marketing, always RUN. MLM in and of itself is a scam.
Thanks a lot for clarifying. You got it all right 🙂
This was the reason I interact here. It sound fishy from the beginnings and never believed this kind of game. But as my friend got into it I wanted to question people with experience.
Cause I had no clue what arbitrage and the kind mean, as I always turned down anyone who told me I can make money easy.
But yeah, when I watched the Japanese videos on youtube…. look so fake. How many presidents they have ??? Lol
I mean too many signs for me to believe in it. Sadly my friends appear to have no clue. Too bad for him.
Thanks and cheers 😉
JA is running low in cash! now they are opening another company called JEC to ask for new funds again! and pretend to say under Jubilee Holding.
JA is closing! and they now launch JEC a new complete tree to steal money again with AQUA coin token. all fake!
And they are launching MT4 trading under a worst rating broker RCM. Regal Core Market!
JA is closing down, and now opening a new JENCO company! Joerg is leading it again! Using worst rating broker And coming out for token and wallet !
Here’s the preview by fake management:
(Ozedit: link removed, see below)
I got a “recording does not exists” error on that link.
They delete it. Will find the details
Well my friend introduced me to Jubliee Ace, I paid $1000 and I am going into different campaigns, it is an arbitrage trading platform so they basically Arbitrage your money.
You can enter into commodities campaigns, crypto campaigns or sports betting. I can take my money out through bank transfer in US$ (they charge 10%) or I can take it out through bitcoin.
Their own “currency” is just to reduce the 10% fee to save money. Not much I can say other than the fact I am getting 3.75% interest every 2 weeks on my money and I am pretty happy.
They introduced another company called Jenco to increase funds in management so when you have $10,000 you can move your money from Jubilee Ace to Jenco and you get 6.75% in trades.
I am happy with the company so till they run off with my money I am happy taking it out and gaining interest.
Yet Jubilee Ace chooses to commit securities fraud and can’t provide audited financial reports proving they are using trading revenue to pay returns.
But you’re seeing numbers in your backoffice, so who cares if Jubilee Ace is a Ponzi scheme.
Well, as long as you’re happy. Who cares if you’re stealing money from other people, right?
Because that’s where your “interest” is coming from, just like the money you “invested” went to pay those who got in before you did. Not to mention the admins, who got their cut first.
That’s how Ponzis work. But hey, as long as you’re happy…
You do realize, don’t you – that @3.75% per 2 weeks – it will take you over 26 X 2 weeks before you get into profit
IOW, all you’re getting back is your own money for the first year – you’re not getting “interest” and the chances of Jubilee Ace being around in 12 months are less than zero
Sorry for your loss
I am here in Japan. I just got introduced to JA yesterday. And yes I can access to JA website in Japan. Not sure now if you guys still cannot access to their website.
I know nothing about this kind of investment thing but luckily I read this and watched a lot of videos in Youtube luckily they have in Japanese too. I just decided to not throw my money there.
My friend claims that Japanese is very suspicious in terms of money that’s why this is trustworthy. Lol.
There is one video asking one of the top of JA in Japan why don’t just Bobby sell his system to Softbank or Google if it’s really good? Why use people with no knowledge then?
He answered, if I am Bobby I will do that but Bobby is someone with heart with a thought to help people. He wants everyone to be able have more money.
I just think they target Japan just because most of them can’t understand English and will never search English website.
Just my opinion and thank you again everyone.
Love from Japan
I am also from Japan and got introduced to Jubilee Ace and Jenco from my friend.
I also believe that this is a fraud, but do not have enough knowledge of business, finance or crypto currencies to determine it and to rebut my friend’s belief in the system.
Could any of you kindly give me crucial reasoning that prove it to be mere fraud so that I can convince my friend?
For example, people say that it is strange that they have not hand out their financial statement to prove that they are actually generating revenues through the arbitrage system, and that means they are just fabricating the numbers.
Is it true? I mean, are companies obliged to publish their financial statement in general by law, and are they normally available on the Web?
Your help would be really appreciated. Thank you in advance!
1. Is Jubilee Ace registered with the Japanese FSA? (No)
2. Ask for legally required audited financial reports. They should be filed with the FSA, assume anything you might receive that hasn’t been filed with the FSA is bogus.
There’s only one reason an MLM company would opt to operate illegally. Because they aren’t doing what they claim to be.
If your friend ignores facts and evidence then you’ll just have to accept they are OK with participating in scams and stealing people’s money.
Obviously, Jubilee Ace or Jenco is FAKE. It’s PONZI. In many zooms meetings, Bobby Low has been promising again and again to give financial report and also engage to an auditing firm. but its been ONE year.
Where is their audit report?? excuse after excuse. now Jubilee is running out of cash, so they have to launch Jenco with the same style of commodities to con investors!
FSA has already been notified! Be careful. Many Japanese leaders are in watchlists by FSA. Its all ponzi.
Thank you for your prompt reply.
I am afraid that my friend would say legality does not matter as he is interested in conspiracy theories.
Those who support such stories tend to be critical of authorities and thus easily fall into swindlers who claim to be a revolutionalist.
In my view, those who commit this kind of business do not care about legitimacy as long as they believe that the profits will be in their hands.
I mean, what if they say it is not registered with the FSA just because its business is too ahead of the current paradigm.
He is not a person who will participate in a scam on purpose or enjoy benefit out of other’s money, and I think most people participating in the program are alike.
Is there anything else that can be convincing you think?
I think you’ll have to accept your friend is a scammer then. The law is not a conspiracy theory.
Yet here we are.
You’ve presented the facts and your friend has revealed they aren’t above participating in fraud for a quick buck.
I think the energy would better spent having a think about where this person fits in your life going forward.
Thank you for your prompt answer!
They will never be able to produce the audit report unless they register with the FSA, is this right?
How did you know they are running out of cash and FSA is aware of the business?
They can come up with some bullshit report, it means nothing unless Jubilee Ace is registered with the FSA and the reports are periodically filed.
Mind you this isn’t just a Japanese thing. Any passive investment company needs to register with financial regulators in every jurisdiction they operate in.
OK, I understand your point.
I think I will try to speak with him at least for another time after having learnt more about these issues.
It is so generous of you to willingly share your view with a stranger like me. Thank you for the help.
Use some common sense. What does Jubilee Ace 1.0 offers? Your investment capital CANNOT withdraw once you invest into this ponzi. Bobby says if you invested $10,000 example, you are “buying” subscription of $10,000; and you will take your monthly ROI as low as 5% one month! And you are UNABLE to withdraw our $10,000 anymore, its GONE. it’s paying the upline.
5% one month? It takes 5% x 20 months = 100% of your $10,000! before you start earning any interest after 20 months!
How long has JA 1.0 lasted? Launched last year march, now in July 2020, 15 months later, they claim to do USD$1 billion in sales, but now they change to JENCO to lie again and collect investors money!
Use some common sense. Your investment will NEVER be returned!
Bobby claims to provide Auditing firms report since last year! where is it? because its a SCAM.
Their software sell to Softbank? are you kidding? Asking a Ponzi to act “real” and sell to the government?
Why not ask Bobby and Lesley to show you their passport ID for a copy, before they run away with your money!
If you’ve presented the facts stated in the posts above, you’ve done enough. Accept the reality – you cannot save your friend from his greed and/or stupidity angainst his will.
Hello everyone, I invested in Jubilee Ace in Thailand, I ended August 2019, believed in this all the way up until now, my port couldn’t be notified and botched asking everyone to notify.
Well, if you want to see my pot that has been blocked as withdrawal, you can login to see it.
^^ This is why BuT i’M gEtTiNg PaId! isn’t due-diligence.
message shared in the Jubilee group today announcing a mega draw.
Some people continue to make money from this. But I haven’t jump into this train.
Not really seeing what a Ponzi lottery draw has to do with anything.
Jubilee ace evolves to JENCO last month and has stop withdrawal!
Yoko Miyazaki got arrested. Police and riots surrounded her in front of the Hotel.
Who is Yoko? Promoting JA?
I didn’t know either and had to go looking.
Based on this comment, Yoko Miyazaki was one of the top Japanese promoters (net-winners).
Jubilee A/ Jenco are telling some of there ” investors” in email that JA are going to be sold soon, and that they are going to get there first investing back and also a significant bonus..
Sold to who? There’s no market for collapsed Ponzi schemes.
The only thing Jubliee Ace could sell is their list of gullible investors. Kinda counter-productive seeing as they’ve rebooted as Globalytics Tech Research though.
Of course they aren’t going to be sold. Just a move to calm the ” investors” who have been worried and asking of how they can get the invest back..
Without the bullmarket in index and crypto i think the site already would been closed..
Has the Jubilee Ace collapsed?
And if so, when and how?
I have some close friends who “investe” a lot in this scam.
Yeah Jubilee Ace is kaput.
Same admins and bagholders trying to scam new people through Globalytics Tech Research.