Lance Green Review: Betting arbitrage Brazilian Ponzi
Lance Green operates in the cryptocurrency MLM niche.
The company’s origins date back to Lance Certo Group, launched in Brazil on or around February 2020.
In addition to owning and running “O Lance”, a pub in Sao Paulo, Lance Certo Group also runs Lance Certo as a stand-alone income opportunity.
Lance Certo pitches a passive return via AI powered sports betting.
Get the inputs that our artificial intelligence performs at every moment.
Our AI analyzes match data from decades ago, considers odds during every moment of the game and decides the best entry.
Attached to this was a monthly subscription, on which pyramid recruitment commissions were paid.
Lance Certo went nowhere and collapsed. It website was literally dead traffic-wise until February 2023.
Lance Certo Group launched the cryptocurrency LanceCoin (LCE) in April 2021.
It’s time to create a truly reliable and stable cryptocurrency that will become a solid bridge between the traditional and digital sports and leisure industries. That’s why we created LCE.
It took a few months but eventually LCE pumped and dumped in late 2021.
LCE has been mostly dead since then, sitting at -82% from its brief $19.16 pump in 2021.
For all intents and purposes, Lance Certo Group was dead until Lance Green’s launch in early 2023.
For reference, here are the known Lance Certo Group associated website domains:
- Lance Certo Group – lancecertogroup.com, privately registered in February 2021
- Lance Certo – lancecerto.com, first registered in 2019, private registration last updated September 2021
- Lance Coin – lcecoin.com, privately registered in February 2021
- Lance Certo Bet – lancecerto.bet, privately registered in September 2021
- Lance Green – lancegreen.space, registered to “Yijung Cho” through a Korean address on December 19th, 2022
- Lance Certo – lgreen.ai, privately registered on May 10th, 2023
Heading Lance Certo Group and its associated companies is CEO Anderson Salgado (aka Anderson Salgado Salgadinho).
As per Lance Green’s marketing material above, Salgado is cited as having “more than 7 years experience as a sports trader”.
I was unable to verify that. What I could verify was back in late 2018, Salgado headed up SpeedCash as CEO.
SpeedCash was an MLM crypto Ponzi scheme that pitched a 300% ROI, paid out at up to 3.5% a day.
SpeedCash’s Ponzi ruse was cryptocurrency, oil and grain trading.
Presented as a company from Dubai targeting Brazil…
…SpeedCash collapsed sometime in 2019.
Putting all of this together, we have:
- Anderson Salgado scamming a bunch of people through his SpeedCash Ponzi scheme in 2019;
- Salgado launched Lance Certo Group as a reboot Ponzi in early 2020;
- Salgado using some of the money he stole through SpeedCash to launch O Lance bar in or around November 2020;
- Lance Green’s marketing suggesting Salgado also fed SpeedCash funds into Lance Certo branded gas stations in Brazil; and
- Lance Certo Group’s original Ponzi running its course and being rebooted again as Lance Green in early 2023
Read on for a full review of Lance Green’s MLM opportunity.
Lance Green’s Products
Lance Green has no retailable products or services.
Affiliates are only able to market Lance Green affiliate membership itself.
Lance Green’s Compensation Plan
Lance Green solicits $25 to $50,000 investments. This is done on the promise of a daily 1% ROI, paid 6 days a week and capped at 200%.
The MLM side of Lance Green pays on recruitment of affiliate investors.
Lance Green affiliates earn 10% of funds invested by personally recruited affiliates.
Lance Green 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 Lance Green tallies up new investment volume across both sides of the binary team.
Affiliates are paid 8% of investment volume on their weaker binary team side.
Once paid out on, volume is matched against the stronger binary team side and flushed.
Joining Lance Green
Lance Green affiliate membership is free.
Full participation in the attached income opportunity requires an initial $25 to $50,000 investment.
Lance Green Conclusion
Lance Green claims it generates external revenue through Betfair.
Betfair is a British company that operates the world’s largest online sports exchange. We secured safety through cooperation with Betfair, which has a long tradition.
We have a deal with Betfai [sic], one of the world’s largest betting exchanges, so we don’t have to worry about capital.
Betfair is “a British gambling company which operates the world’s largest online betting exchange”.
Beyond having a personal/company account (which isn’t “cooperation” or a “deal”), it’s highly unlikely BetFair has entered into a formal business relationship with Lance Green or Anderson Salgado.
For their part Lance Green provides no supporting evidence to back up their claim.
As to specifically how Lance Green generates external revenue, this is from their website:
Confused? Here’s another explanation from Lance Green’s marketing material:
From what I can gather Salgado is trying to credit himself with inventing betting arbitrage.
There is of course no evidence of Lance Green generating external revenue through Betfair. Lance Green’s marketing claims also fail the Ponzi logic test.
If Salgado has been “sports trading” for 7 years, at 1% a day he should be rolling in Jeff Bezos money. Instead, all we have is
- Salgado fronting an obvious MLM crypto Ponzi in 2019;
- that Ponzi collapsing;
- Salgado spending money he stole through that Ponzi to enrich himself (opening a pub, gas stations);
- Salgado launching a collapsed reboot Ponzi in 2020;
- Salgado launching a failed Ponzi coin in 2021; and
- Salgado rebooting his Ponzi scheme as Lance Green in 2023
Not to mention SpeedCash’s crypto, oil and grain trading, which obviously wasn’t happening.
For the time being, Salgado and his Lance branded Ponzi schemes haven’t caught the attention of Brazilian authorities. That might change with Lance Green targeting investors outside of Brazil.
By way of offering investors passive returns, Lance Green’s MLM opportunity constitutes a securities offering.
Lance Green fails to provide evidence it or Salgado have registered with Brazil’s SEC, or any other financial regulator outside of Brazil.
This means that at a minimum, Lance Green is committing securities fraud. Securities fraud and Ponzi schemes go hand in hand.
Two important additional due-diligence points to note are:
- Brazil does not extradite its own citizens; and
- Salgado might already have a Dubai exit-scam route planned.
Speaking of exit-scams, if it isn’t already, watch for Lance Coin being increasingly integrated into Lance Green. This will likely end with Lance Coin being exclusively used to pay Lance Green returns.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Lance Green of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 15th May 2023 – Lance Green has launched on a new .AI domain. I’ve added the domain to the introduction of the review.
Please tell me more about this business because i need financial advice before i invest.
What else is there to know?
Do you understand math? Lance Green is a Ponzi scheme. You invest –> sorry for your loss.