NextGen Academy Review: BizzTradePro Ponzi implodes
Back in January BehindMLM covered BizzTradePro, a reboot of the twice collapsed BizzTrade Ponzi scheme – itself a reboot of the collapsed BizzTrek pyramid scheme.
Yeah, there’s a lot of baggage here.
BizzTrade and BizzTradePro were Ponzi schemes run through BizzCoin and BizzCoinPro. Both seemingly now abandoned.
BizzTradePro’s official FaceBook and Twitter profiles have been deleted:
Enter NextGen, a hastily put together reboot looking to capitalize on what’s left.
NextGen is headed up by Rehan and Rizwan Gohar.
The BizzTrade office in Birmingham in the UK has been rebranded:
And the scheduled BizzTradePro event in Turkey, where Rizwan is setting up an offshore office to replace Dubai, has simply been renamed:
Someone who’s a bit more prominent in NextGen marketing this time around is Paul Chalmers.
Chalmers, a UK resident, is being cited as NextGen’s Managing Director.
Mr. Paul Chalmers is responsible for managing daily operations along with being in charge of all trading activities for the company.
None of the Bizz* Ponzis had anything to do with trading but did bundle “forex education” with affiliate investment.
That’s continuing with NextGen and is presumably what Chalmers brings to the table.
NextGen is supposed to go live on the domain “nextgen.io” at some point. The domain’s registration was last updated on January 8th, 2022.
This would likely be around the time the Gohar brothers acquired it. That this was so close to the BizzTradePro reboot is troubling.
Read on for a full review of NextGen’s MLM opportunity.
NextGen has no retailable products or services.
Affiliates are only able to market NextGen affiliate membership itself.
NextGen’s Compensation Plan
NextGen affiliates invest in AMGEN, a cryptocurrency created by NextGen.
- Pro Starter – €100 EUR
- Apprentice – €200 EUR
- Business – €500 EUR
- Professional – €1000 EUR
- Elite – €2500 EUR
- Trader – €5000 EUR
NextGen flogs AMGEN off to affiliates at €0.20 EUR each.
NextGen affiliates invest in AMGEN on the promise of a 400% ROI.
This return is paid daily, capped at “up to 1%” a day.
The MLM side of NextGen pays on funds invested by recruited affiliates.
Note although not explicitly clarified, it is assumed all MLM commissions are paid in AMGEN.
NextGen Affiliate Ranks
There are nine ranks within NextGen’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Active Trainee – generate €100 EUR of investment on both sides of your binary team
- Qualified Trainee – generate €500 EUR of investment on both sides of your binary team
- Team Leader – invest at the Professional or higher tier and generate €5000 EUR of investment volume on both sides of your binary team
- Team Manager – personally recruit one Team Leader on both sides of your binary team
- Senior Manager – personally recruit two Team Leaders on both sides of your binary team
- Regional Director – personally recruit one Senior Manager on both sides of your binary team
- Regional President – personally recruit one Regional Director on both sides of your binary team
- President – personally recruit one Regional President on both sides of your binary team
- Global Ambassador – personally recruit one President on both sides of your binary team
NextGen affiliates earn 10% of funds invested by personally recruited affiliates.
NextGen 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 NextGen tallies up new investment volume on both sides of the binary team.
Affiliates are paid a percentage of funds invested on their weaker binary team side.
The specific residual commission rate paid out is determined by how much a NextGen affiliate themselves has invested:
- Pro Starter to Business tier affiliates earn a 7% residual commission rate
- Professional and Elite tier affiliates earn an 8% residual commission rate
- Trader tier affiliates earn a 9% residual commission rate
Team Leader ranked NextGen affiliates qualify for a ROI match.
NextGen pays the ROI Match 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.
NextGen caps the ROI Match at ten unilevel team levels:
- level 1 (personally recruited affiliates) – 2%
- levels 2 to 10 – 1%
NextGen takes 10% of company-wide revenue and places it into the Founders Pool.
The Founders Pool is paid to Trader investment tier affiliates who have also qualified at Team Leader.
Rank Achievement Bonus
NextGen rewards affiliates who have qualified at Team Leader and higher with the following Rank Achievement Bonuses:
- qualify at Team Leader and receive a “TL Kit” (magazine, “gold coin”, badge, t-shirt, pen and diary and “nextgen badge”)
- qualify at Team Manager and receive a “NextGen watch”
- qualify at Senior Manager and receive an iPhone
- qualify at Regional Director and receive a MacBook
- qualify at Regional President and receive a Rolex watch or €5000
- qualify at President and receive a Mercedes Benz
- qualify at Global Ambassador and receive an “apartment”
NextGen affiliate membership is free.
Full participation in the attached income opportunity requires an initial €100 to €5000 EUR investment.
Note that to qualify at Team Leader and higher, a €1000 EUR Professional tier investment is required.
There’s not much to NextGen. You have the same old % a day Ponzi model, with a new BEP-20 shitcoin.
AMGEN would have taken 5 minutes to set up at little to no cost. New investors are lured in with a fresh coat of paint, AMGEN pumps.
Scammers withdraw, AMGEN dumps. This has already played out with both BizzCoin and BizzCoinPro.
AMGEN was publicly launched on or around April 16th. There’s a bit of odd spike manipulation going on but otherwise it’s traded sideways at around 50 cents.
50 cents corresponds to €0.0136 EUR. So if you’re buying a NextGen package and getting tokens at €0.2 EUR, you’re already taking a hit.
One addition worth noting, and this probably explains the last-minute reboot, is the Gohar brothers wanting to jump on the NFT bandwagon.
The NFT fad is mostly over. And that’s in the public domain. Literally nobody is going to care about Ponzi NFTs, they’re DOA.
Other than that, NextGen is weighed down by two plus years of shitcoin bagholders.
These earlier investors, some of whom would have made money scamming long-gone victims, are already preloaded and positioned through whatever deals existing investors were given.
You as a new NextGen investor are helping them recoup widespread losses.
Being a third-gen Ponzi scheme recruitment isn’t likely to take off, even for a brief moment.
As with BizzTrade and BizzTradePro, the math behind Ponzi schemes guarantees the majority of participants lose money.
NextGen is headed up by Rehan and Rizwan Gohar.
And do remember Oz, they were promoting LTW (Life Tree World) previously – another failed opportunity.
How is it possible that such crooks as these, can operate their schemes unpunished, openly defying the the authorities and breaking laws, managing to keep on going creating more and more victims?
For the same reason that people like Donald Trump get elected, Peter Popoff sells Miracle water, Putin invades russia, you name it.
Greed, buying people off and lack of resources or will to enforce the rules.
The real reason is because the people who join these Ponzi’s/Scams, etc. don’t file a complaint with the authorities.
Law Enforcement is reactive. They have to have complaints filed to begin an investigation.
No-one wants to admit they were scammed. They have been brainwashed to think that if they complain it will ruin it for everyone.
All that is needed is more time to work out the bugs/problems and all will be well.
By the time they figure out they have truly been had, it is too late as the perps have already disappeared with the money and in many cases the statute of limitations has expired for law enfofcedment to take any action against them.
Of course if people would do REAL DUE DILIGENCE BEFORE joining, they would never join in the first place.
Even when they are told it is a Ponzi, they refuse to believe it. They are looking for easy money and will join anything that promises it.
Then when it goes bust they cry, moan, complain about how bad things are, but still won’t file a complaint with the authorities.
Willing-victims! My question: Why do people keep joining these schemes and giving MLM crooks their money? Have they never heard of Google?
This is jusnt an impression after seen local ponzis, people who join a ponzi are either ignorant or they know it is a scam and yet they keep betting on joining the “endevour” when it is still profitable (ahem, when there is still flow of new victims).
Ergo, you’re a victim or a SoaB, that’s why when such “organizations” collapse they all dubbed themselves “victims”.
There is also the Sunk Cost Fallacy that keeps the victims in as well… Hence why the MLM/Ponzi/Pyramid Models persist…
They gave out FREE AMGEN tokens months ago to pissed off Bizzcoin bag holders who are now dumping that worthless coin daily.
They advertised the coin at 20 cents but no one was able to buy it at 20 cents as on day one it was at 50 cents.
AMGEN coin will be at zero by the end of the week.
New fools are being signed up now to pay the BIZZCOIN victims !!
The management is already poaching other leaders by offering them fake packages with fake volume and fake power-legs with inflated fake numbers.
These are the most unethical people to ever run a company before and this is PONZI number 3 all over again !!!
It’s all a FUGAZI
They are selling $5000 Ponzi packages to a business that has never been profitable and want bag holders to hang on until 2023 to be paid.
The company will be gone in 2-3 months !!
How can a company promise a share of profits when they went bankrupt 2 times in the past ???
NextGEN held a conference call with management because new people keep asking about BIZZCOIN and the NEXTGEN management spent 4 hours blaming all the Network Marketers for the downfall of all of their businesses !!
They blamed the same fools who gave them money and lost their life savings.
These ruthless and vile NEXTGEN people are all a bunch of liars and the DEVIL.
They scam people and then blamed them for not recruiting enough new victims.
They are scamming all over again and when AMGEN goes to zero will again blame their new victims once again !
They ran scams multiple times in the past and then blame victims for selling a worthless coin that they pay in.
The entire business is flawed from the very beginning and there is no real proof of any trading.
They are doing the same thing again with the same ugly broke people on the PDF from the previous BIZZ COIN business and those people are all BROKE too !!
After scamming people with GetEasy then with Zeniq Safir, the French Leader MATTHIEU DENYS is now “promoting” Nexgten.
It is amazing how these leaders can jump from one horse to another without any shame, and manage to live with it.
I wonder whats next for these guys…the only major difference in this ponzi scheme is they dropped the BIZZ pefix.
It needs to stop otherwise they will scam many innocent people.
So long they are operating from Dubai, it’s going to end in premium tears.
Well I believe this is a scam but I need to see a bit more proof it is before I go 100%. Here are my reasons:
1. The person that has tried to sell me this claims that NextGen is a Forex Academy with a Forex education package.
This is what they use to prove they are not a Ponzi. They claim its the best one in Europe. That does not impress me tbh.
2. They claim to have a FX Forex copier service and you can see it performing on Fxblue website. Google FXblue NextGen to see it. For me this does not mean this belongs to NextGen as it could be anyone.
Someone has set this up and deposited £30m into it. Its now worth £49m as I post. Thing is whoever it is is not transparent about themselves. If I was them, that being NextGen, I would want to be transparent therefore showing how genuine I am.
I have a feeling its someone using a demo account and playing about. NextGen have stolen it.
3. Even if this account above is NextGen well they should be authorised by the FCA is they are using a copied trader.
Although I would like to disprove this FXBlue account is not theirs my guy feeling tell me it is not theirs.
The great thing about legally required audited financial reports is it eliminates guesswork.
No audited financial reports? The MLM company isn’t doing what it claims to be doing.
They moved their operation to the Nigerian market. And I’d like updates on how it turned out over there.
I see Gary Whittaker has now moved from the dying / dead CashFX / CFX Ponzi and is now saying he is VP of UK Sales for NextGen.
From a recent Facebook post of his:
How does a four times collapsed Ponzi scheme have a “100% success rate of delivery”.
Delivery of what? Constant losses to the majority of investors?
That itt is.