Orientum Review: ORT and ORTP Ponzi points OneCoin clone
Orientum operate in the cryptocurrency MLM niche. The company is based out Thailand and headed up by Chairperson Natchaphan Sonsirinun.
Prior to launching Orientum, Sonsirinun was a prominent promoter of the OneCoin Ponzi scheme.
Various OneCoin marketing videos on YouTube feature Sonsirinun working directly with several of the scam’s top earners:
OneCoin unofficially collapsed in early 2017. The company continues to limp along however affiliates have been unable to withdraw represented ROIs for 22 months and counting.
OneCoin affiliates such as Sonsirinun(right) primarily generated large income via through referral commissions (convincing others to invest).
Whether Sonsirinun has MLM experience prior to scamming people through OneCoin is unclear.
Read on for a full review of the Orientum MLM opportunity.
Orientum has no retailable products or services, with affiliates only able to market Orientum affiliate membership itself.
The Orientum Compensation Plan
Orientum market ORT and ORTP, speculative points that affiliates are able to invest in.
Referral commissions on ORTP investment is paid out 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.
Orientum cap payable unilevel team levels at three.
Referral commissions ORTP investment is paid out as follows across three unilevel team levels as follows:
- level 1 (personally recruited affiliates) – 12% referral commission in cryptocurrency and another 12% in ORTP points
- level 2 – 8% referral commission in cryptocurrency and another 8% in ORTP points
- level 3 6% referral commission in cryptocurrency and another 6% in ORTP points
Cryptocurrencies paid out by Orientum include bitcoin and bitcoin cash.
There is also a ten-level deep Matching Bonus, however specific details are not provided.
Orientum fail to provide affiliate membership costs on their website.
Presumably Orientum affiliate membership is free. Full participation in the Orientum MLM opportunity however requires an investment in ORT and/or ORTP points.
As with affiliate membership, Orientum fail to disclose the current internal value ORT and ORTP points are being sold to affiliates for.
The Orientum apple hasn’t fallen all that far from the OneCoin tree.
You’ve got points that affiliates are investing in, on nothing more than a bunch of pie in the sky promises.
In the case of Orientum, the company claims to be investing funds in a number of industries.
The unique appeal of the Orientum Platform is the fact that we guarantee a cryptocurrency that is backed by businesses involved in mega real estate developments, hospitality ventures, and other such tangible assets that are likely to maintain their value and appreciate over time.
Other than name-dropping a few location and companies however, Orientum fails to provide any actual evidence of doing what it says it’s doing.
Nor is Orientum registered with a securities regulator in any jurisdiction it operates in… because despite clearly offering a security through speculative ORT and ORTP points, Orientum claim they aren’t securities.
ORT Tokens are not securities.
The user acknowledges, understands, and agrees that ORT Coins are not securities and are not registered with any government entity as a security, and shall not be considered as such.
Furthermore, the user understands that investment funds allocated to various projects described in this document will not yield any dividends, earnings or direct profits to the user from those investments; they simply potentially contribute to the value and/or stability of the Orientum cryptocurrency.
Read that for what it is: confirmation Orientum aren’t registered to offer securities and thus operate illegally the world over.
As with OneCoin, the pseudo-compliance angle is downplaying ORT and ORTP investment.
The fact of the matter is however that the only reason anyone signs up to Orientum and invests is on the representation they’ll make a ton of money.
So how does that all work (in theory)?
Orientum runs an internal exchange for ORT and ORTP points.
You sign up as a gullible Orientum investor, and Orientum sells you pre-generated ORT and/or ORTP points – at whatever internal value they’ve assigned the points at the time.
More people invest and Orientum adjusts the internal value of ORT and ORTP points respectively.
To cash out your ROI, you put in a withdrawal request and Orientum will “exchange” your points for subsequently invested funds at the new rate.
The MLM cryptocurrency exit-scam is initiated when Orientum stop paying out withdrawal requests (as OneCoin did in early 2017).
What then happens is a race to the bottom, wherein desperate Orientum affiliates try to offload their points to each other.
Owing to management and insiders having already offloaded prior to announcing they’re turning off the tap, the value of ORT and ORTP crashes.
It is custom these days for MLM cryptocurrency companies to launch an altcoin at some point and get it traded on a few dodgy exchanges, so watch out for that at some point.
In true OneCoin fashion, Orientum are running their fraudulent investment scheme through a separate website, Bergman and Gold.
All new ORT package purchases will be immediately displayed in ORT wallets located in the Bergman & Gold Associate System Back Office.
Bergman and Gold is run by persons unknown and represents itself as being a Georgian corporation (the country, not the state).
In reality Bergman and Gold is just a shell company that doesn’t exist beyond having a website that accepts login credentials of Orientum affiliates.
The company serves no purpose other than to create the illusion Orientum itself isn’t soliciting investment from its affiliates (“We didn’t take your money, Bergman and Gold did!”).
The Bergman and Gold website domain (“bergmangold.com”) uses the name-servers of the “thecrypto-club.com” domain.
The Crypto Club website is nothing more than a list of twenty-three ICOs.
The altcoins listed have nothing to do with Orientum, but do suggest The Crypto Club might have had a hand in developing and/or launching ORT and ORTP.
Or it could just be another shell company tied to Orientum, who knows.
The Crypto Club website domain was privately registered on June 6th.
The Orientum website is hosted out of Singapore, however both Bergman and Gold and The Crypto Club are hosted in Thailand.
Like with OneCoin, trying to dissect how Orientum launders invested funds is merely academic.
The Ponzi lies within Orientum’s business model, and will collapse when new investment dries up.