Merobit fails to provide ownership or executive information on its website.

In Merobit’s marketing materials, “Manny Stalomn” is cited as founder and CEO.

Stalomn doesn’t exist outside of Merobit’s marketing material. Furthermore he appears to be represented by an AI generated image.

Merobit’s website domain (“merobit.net”), was privately registered on October 24th, 2023.

As of October 2023, SimilarWeb tracked top sources of traffic to Merobit’s website as Germany (12%), the US (12%), Trinidad and Tobago (7%), the Bahamas (7%) and Spain (7%).

In an attempt to appear legitimate, Merobit provides a UK company registration details for Merobit LTD.

Of note is the UK’s FCA issuing a Merobit securities fraud warning on November 30th, 2023.

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.

Merobit’s Products

Merobit has no retailable products or services.

Affiliates are only able to market Merobit affiliate membership itself.

Merobit’s Compensation Plan

Merobit affiliates invest USD equivalents in cryptocurrency

This is done on the promise of advertised returns.

  • Starter – invest $25 or more and receive 5% a day for 30 days
  • Premium – invest $25000 or more and receive 6% a day for 40 days

Merobit pays referral commissions on invested cryptocurrency down three levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 5%
  • level 2 – 2%
  • level 3 – 1%

Joining Merobit

Merobit affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $25 investment.

Merobit solicits investment in various cryptocurrencies.

Merobit Conclusion

In case the FCA’s securities fraud warning wasn’t enough, the UK regulator also outright banned MLM crypto investment schemes on October 8th, 2023.

This means that without further analysis, we can conclude Merobit is operating illegally.

For completeness we note Merobit represents it generates external revenue via “short-term contracts”, forex trading, cryptocurrency arbitrage, “shorting of stocks” and swap contracts.

No evidence of Merobit generating withdrawal revenue via any of these claimed activities is provided.

As it stands, the only verifiable source of revenue entering Merobit is new investment. Using new investment to pay withdrawals would make Merobit a Ponzi scheme.

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

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

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

Signs of Merobit collapsing or already having collapsed came via a November 13th update on their website:

In light of recent challenges with overdue withdrawals, we have made a crucial decision to streamline our process and enhance the platform’s stability.

To address the backlog and incorrect withdrawal requests, we are resetting all current pending withdrawals.

Any time an MLM Ponzi has issues withdrawals a collapse typically isn’t too far behind.