Limdex fails to provide verifiable ownership or executive information on its website.

Limdex’s website domain (“limfex-capital.com”), was privately registered on November 1st, 2024.

On its website Limdex presents Mateo Lascar as its CEO:

The problem is Mateo Lascar doesn’t exist outside of Limdex’s website and marketing. This makes Mateo Lascar a prime Boris CEO candidate – that is to say Mateo is being played by an actor.

Over on Limdex’s official YouTube channel we find a typical Boris CEO rented office marketing video:

Notably the actor playing Mateo Lascar speaks Spanish and has been dubbed over. As for the video itself, it appears to have been shot in a Spanish-speaking country (“oficina” appears on one of the office doors).

Limdex’s rented office marketing video was uploaded to YouTube on January 9th, 2025. It appears the actor playing Mateo Lascar is long gone.

On April 15th, Limdex uploaded a new marketing video featuring “Daniel Carter”:

The actor playing Daniel Carter speaks with an eastern European accent. This ties into the vast majority of Boris CEO schemes being run by eastern European scammers (Russia, Ukraine and/or Belarus).

In an attempt to appear legitimate, Limdex provides company registration details for Limdex Capital Limited.

Limdex Capital Limited appears to have been registered in Canada and Delaware in November 2024 and February 2025 respectively.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

Although it should be obvious, Limdex is unlikely to have any actual physical presence in either Canada or the US.

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.

Limdex’s Products

Limdex has no retailable products or services.

Affiliates are only able to market Limdex affiliate membership itself.

Limdex’s Compensation Plan

Limdex affiliates invest tether (USDT), bitcoin (BTC) and ethereum (ETH).

This is done on the promise of advertised passive returns:

Tether (USDT)

  • Basic 1 – invest 100 to 499 USDT and receive 0.6% to 0.9% daily for 16 days
  • Basic 2 – invest 500 to 9999 USDT and receive 1.3% to 1.8% daily for 32 days
  • Basic 3 – invest 10,000 to 49,999 USDT and receive 2% to 2.5% daily for 48 days
  • Basic 4 – invest 50,000 to 500,000 USDT and receive 2.5% to 3% daily for 64 days
  • Ultima 1 – invest 10,000 to 50,000 USDT and receive 3% to 3.5% daily for 120 days
  • Ultima 2 – invest 50,000 to 500,000 USDT and receive 3.6% to 4% daily for 125 days

Bitcoin (BTC)

  • Pro 1 – invest 0.0015 to 0.15 BTC and receive 2.4% to 3% daily for 80 days
  • Ultima 3 – invest 0.015 to 1 BTC and receive 3.8% to 4.1% daily for 130 days
  • Pro 2 – invest 0.15 to 0.8 BTC and receive 3.1% to 3.6% daily for 100 days
  • Pro 3 – invest 0.8 to 8 BTC and receive 3.7% to 4.2% daily for 120 days
  • Ultima 4 – invest 1 to 10 BTC and receive 4.2% to 4.5% daily for 180 days

Ethereum (ETH)

  • Pro 4 – invest 0.4 to 4 ETH and receive 2.4% to 3% daily for 80 days
  • Ultima 5 – invest 0.4 to 20 ETH and receive 3.8% to 4.1% daily for 120 days
  • Pro 5 – invest 4 to 20 ETH and receive 3.1% to 3.6% daily for 100 days
  • Pro 6 – invest 20 to 200 ETH and receive 3.7% to 4.2% daily for 120 days
  • Ultima 6 – invest 20 to 200 ETH and receive 4.2% to 4.5% daily for 180 days

The MLM side of Limdex pays on recruitment of affiliate investors.

Limdex Affiliate Ranks

There are eleven affiliate ranks within Limdex’s compensation plan.

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

  1. Beginner – sign up as a Limdex affiliate
  2. Beginner+ – generate $10,000 in downline investment volume
  3. Basic – generate $50,000 in downline investment volume
  4. Basic+ – generate $200,000 in downline investment volume
  5. Advanced – generate $500,000 in downline investment volume
  6. Advanced+ – generate $800,000 in downline investment volume
  7. Mentor – generate $1,500,000 in downline investment volume
  8. Mentor+ – generate $3,000,000 in downline investment volume
  9. Leader – generate $5,000,000 in downline investment volume
  10. Leader+ – generate $10,000,000 in downline investment volume
  11. Top Partner – generate $20,000,000 in downline investment volume

Limdex cheats affiliates out of downline investment by restricting how much is counted per level of recruitment:

  • level 1 (personally recruited affiliates) – 100% of investment counted
  • level 2 – 90% of investment counted
  • level 3 – 80% of investment counted
  • level 4 – 70% of investment counted
  • level 5 – 60% of investment counted
  • level 6 – 50% of investment counted
  • level 7 – 40% of investment counted
  • level 8 – 30% of investment counted
  • level 9 – 20% of investment counted
  • level 10 – 10% of investment counted
  • levels 11 to 40 – 5% of investment counted
  • levels 41 and deeper – investment doesn’t count

Note that while USD is quoted above, Limdex only solicits investment in cryptocurrency.

Referral Commissions

Limdex pays referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Limdex caps payable unilevel team levels at forty. Referral commissions are paid out as a percentage of cryptocurrency invested across these forty levels based on rank:

  • Beginners earn 6% on level 1 (personally recruited affiliates), 3% on level 2, 2% on level 3 and 1% on levels 4 and 5
  • Beginner+s earn 6% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 and 5 and 0.5% on levels 6 and 7
  • Basics earn 7% on level 1, 4% on level 2, 2% on levels 3 and 4, 1% on levels 5 to 8 and 0.5% on level 9
  • Basics+s earn 8% on level 1, 4% on level 2, 2% on levels 3 and 4, 1% on levels 5 to 8 and 0.5% on levels 9 and 10
  • Advanceds earn 9% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8 and 0.5% on levels 9 to 12
  • Advanced+s earn 10% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8, 0.5% on levels 9 to 12, 0.3% on level 13 and 0.2% on level 14
  • Mentors earn 11% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8, 0.5% on levels 9 to 12, 0.3% on level 13 and 0.2% on levels 14 to 17
  • Mentor+s earn 12% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8, 0.5% on levels 9 to 12, 0.3% on level 13 and 0.2% on levels 14 to 20
  • Leaders earn 13% on level 1, 6% on level 2, 4% on level 3, 3% on level 4, 1% on levels 5 to 8, 0.5% on levels 9 to 12, 0.3% on level 13 and 0.2% on levels 14 to 25
  • Leader+s earn 14% on level 1, 7% on level 2, 5% on level 3, 4% on level 4, 1% on levels 5 to 8, 0.5% on levels 9 to 12, 0.3% on level 13 and 0.2% on levels 14 to 30
  • Top Partners earn 15% on level 1, 8% on level 2, 6% on level 3, 2% on levels 4 to 8, 0.5% on levels 9 to 12, 0.3% on level 13 and 0.2% on levels 14 to 40

Joining Limdex

Limdex affiliate membership is free.

Full participation in the attached income opportunity requires a minimum 100 USDT, 0.0015 BTC or 0.4 ETH investment.

Limdex Conclusion

To explain how it generates up to 4.5% a day, Limdex trots out typical crypto Ponzi ruses:

No verifiable evidence of Limdex generating any external revenue is provided.

Furthermore, Limdex’s business model fails the Ponzi logic test. If Limdex was legitimately able to generate up to 4.5% a day via any legitimate means on a consistent basis, what do they need your money for?

Like Limdex’s fictional executives, there are no external sources of revenue. Additionally, with nothing marketed or sold to retail customers, the MLM side of Limdex operates as a pyramid scheme.

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

This will starve Limdex of ROI revenue, eventually prompting a collapse.

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