O’Qubuss is being run in secret. That’s because it’s likely a reboot of the twice collapsed IX Inversors Ponzi scheme.

A visit to O’Qubuss’ website reveals a blank page. Apparently the signup form and backoffice are only accessible with an O’Qubuss referral link.

This is an attempt to hide the scheme from authorities.

O’Qubuss’ website domain was privately registered on June 23rd 2022.

O’Qubuss marketing confirms ties to Alexander Hernandez:

Hernandez was CEO of the IX Inversors Ponzi scheme.

Launched in 2021, IX Inversors began to attract the attention of authorities in February 2022. Both Spain and Ecuador issued securities fraud warnings against the Ponzi scheme.

IX Inversors would eventually go on to collapse, with Hernandez framing it as a “liquidation”. This saw the brief reboot of DIA, which was followed by an even briefer Hyperuincap reboot.

In March 2022 Ecuador escalated its investigation into IX Inversors and Hernandez.

The Superintendencia de Bancos had forwarded its findings to the Financial and Economic Analysis Unit (UAFE), with the aim of further investigating money laundering and financial crimes.

That saw IX Inversors, DIA and Hyperuincap officially collapse. Well, at least until Hernandez resurfaced in June with O’Qubuss.

Hernandez, originally from Ecuador, is believed to have fled the country. His current whereabouts and status are unknown.

Like its predecessors, O’Qubuss is primarily being promoted across Latin America.

O’Qubuss scammers are primarily recruiting investors through shady WhatsApp and Telegram groups:

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.

O’Qubuss’ Products

O’Qubuss has no retailable products or services.

Affiliates are only able to market O’Qubuss affiliate membership itself.

O’Qubuss’ Compensation Plan

O’Qubuss affiliates invest USD equivalents in cryptocurrency. This is done on the promise of a 200% ROI.

O’Qubuss solicits investment across XX plans:

  1. Starter 100 – $100
  2. Starter 300 – $300
  3. Starter 500 – $500
  4. Entrepreneur 1000 – $1000
  5. Entrepreneur 2000 – $2000
  6. Entrepreneur 3000 – $3000
  7. Executive 5000 – $5000
  8. Executive 10,000 – $10,000
  9. Executive 20,000 – $20,000
  10. Grand Investor 30,000 – $30,000
  11. Grand Investor 40,000 – $40,000
  12. Grand Investor 50,000 – $50,000

Any commissions earned through O’Qubuss’ MLM opportunity count towards the 200% ROI.

Once 200% of an invested amount is reached, reinvestment is required to continue earning.

The MLM side of O’Qubuss pays on recruitment of affiliate investors

O’Qubuss pays referral commissions on invested funds down three levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 6%
  • level 2 – 4%
  • level 3 – 2%

Rank Bonuses

O’Qubuss rewards affiliates for convincing others to invest with the following one-time Rank Bonuses:

  • Business Expert – convince others to invest $600,000 and receive a recognition pin and tickets to an “international event”
  • Business Manager – convince others to invest $1,200,000 and receive “VIP Academy Trading Pro” membership (what this is isn’t disclosed)
  •  Legend – convince others to invest $2,000,000 and receive a 5 days, 4 nights expenses paid trip to Punta Cana in the Dominican Republic

Note that only initial investment tracked across three levels counts towards Rank Bonuses.

Joining O’Qubuss

O’Qubuss affiliate membership is free.

Full participation in the attached income opportunity however requires a $100 to $50,000 investment.

O’Qubuss solicits investment in bitcoin, binance coin, binance USD, tether and inokbiss.

Conclusion

Back in March Ecuadorian media reported on thousands of IX Inversors in Ecuador having lost a ton of money. It’s the same story in every country IX Inversors was promoted in.

O’Qubuss, officially the third reboot of the Ponzi scheme, is more of the same.

Early on you’ll have serial scammers who made money in IX Inversors, DIA and Hyperuincap. They’ll bring along victims hoping to recoup their losses.

When those easy pickings have been milked, O’Qubuss’ website will then be opened to the public.

That’s if Ecuador’s investigation doesn’t shut Alexander Hernandez down first. Regulation of MLM Ponzi schemes does happen in Latin America but tends to be spotty.

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

This will starve O’Qubuss of ROI revenue, eventually prompting another collapse.

As we’ve seen with IX Inversors, DIA and Hyperuincap, the majority of participants in Ponzi schemes lose money.