Malta Private Review: 144% ROI in 12 days “transactions” Ponzi scheme
Malta Private provide no information on their website about who owns or runs the business.
The Malta Private website domain (“maltaprivate.com”) was privately registered on May 15th, 2017.
Malta Private claim to be incorporated in the UK and provide an incorporation number on their website.
This number corresponds with Malta Private Invest Company, which was incorporated in the UK on October 17th, 2017.
UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.
It is far more likely that whoever is running Malta Private is doing so out of Europe.
Supporting this is Russian and English offered as languages on the Malta Private website.
Alexa also estimate that Russia (15) and the Ukraine (4) are the two top sources of traffic to the Malta Private website.
Needless to say, despite the name, Malta Private doesn’t appear to have any connection to Malta itself.
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.
Malta Private Products
Malta Private has no retailable products or services, with affiliates only able to market Malta Private affiliate membership itself.
The Malta Private Compensation Plan
Malta Private affiliates invest $50 to $100,000 on the promise of a 144% ROI in 12 days.
Referral commissions are paid on invested funds down three levels of recruitment.
- invest $499 or less and receive a 5% referral commission on level 1 (personally recruited affiliates)
- invest $500 to $999 and receive 5% on level 1 and 2% on level 2
- invest $1000 or more and receive 7% on level 1, 2% on level 2 and 1% on level 3
Joining Malta Private
Malta Private affiliate membership is free, however free affiliates only earn single-level referral commissions.
Full participation in the Malta Private MLM opportunity requires a minimum $500 investment.
Conclusion
Malta Private claims it’s able to pay out 144% every 12 days because it ‘gains 50% – 70% of income for one transaction‘.
There is no context provided for this claim. Nor does Malta Private provide any evidence it is engaged in any type of external ROI revenue generation.
Furthermore Malta Private’s claim fails the Ponzi logic test.
If Malta Private’s anonymous owners already were generating significant profit via “transactions”, why share that money with randoms over the internet?
The reality of Malta Private’s business model is that newly invested funds are the sole verifiable source of revenue.
Using newly invested funds to pay existing investors makes Malta Private a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies off so too will new investment.
This will starve Malta Private of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.