Ovax Global fails to provide verifiable ownership or executive information on its website.

Ovax cites “Robert Hoffman” as CEO of the company…

…however Hoffman doesn’t exist outside of Ovax Global’s marketing.

Over on YouTube we find Hoffman played by an actor with an eastern European accent.

This is classic Boris CEO and strongly suggests Russians are behind Ovax Global.

Ovax Global’s website domain (“ovaxglobal.com”), was first registered in September 2021. The private registration was last updated on September 26th, 2022.

Despite sitting on the domain since last year, Ovax Global was only launched recently. Ovax Global’s official FaceBook page was created on August 14th, 2023.

With that in mind, on its website Ovax Global falsely claims it was “created in 2020”.

In an attempt to appear legitimate, Ovax Global provides shell company certificates for New Zealand, the UK and Hong Kong.

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

 

Update 23rd November 2023 – In a scam warning issued on October 31st, the FMA has confirmed Ovax Global has no actual ties to New Zealand. /end update

 

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.

Ovax Global’s Products

Ovax Global has no retailable products or services.

Affiliates are only able to market Ovax Global affiliate membership itself.

Ovax Global’s Compensation Plan

Ovax Global affiliates invest USD equivalents in various cryptocurrencies.

This is done on the promise of advertised returns:

  • Basic – invest $50 to $500 and receive 1.1% to 1.25% a day over 16 days
  • Advanced – invest $500 to $2500 and receive 1.3% to 1.45% a day over 24 days
  • Pro – invest $3000 to $15,000 and receive 1.5% to 1.7% a day over 36 days
  • Master – invest $15,000 to $75,000 and receive 1.85% to 2.15% a day over 48 days
  • Expert – invest $50,000 to $1,000,000 and receive 2.3% to 2.8% a day over 60 days
  • Improved – invest $1000 to $10,000 and receive 3% to 4% a day over 50 days
  • Premium – invest $10,000 to $50,000 and receive 3.6% to 4.4% a day over 50 days
  • Elite – invest $50,000 to $5,000,000 and receive 4.2% to 5% a day over 50 days
  • VIP – invest $100 to $25,000 and receive 3.5% a day for 200 days
  • VIP+ – invest $50,000 to $10,000,000 and receive 4% a day for 300 days

The MLM side of Ovax Global pays on recruitment of affiliate investors.

Ovax Global Affiliate Ranks

There are twelve affiliate ranks within Ovax Global’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  1. Partner – sign up as an Ovax Global affiliate
  2. Leader – generate $1000 in personally recruited affiliate investment volume and $10,000 in total downline investment volume
  3. Sr. Leader – generate $5000 in personally recruited affiliate investment volume and $50,000 in total downline investment volume
  4. Representative – generate $7500 in personally recruited affiliate investment volume and $150,000 in total downline investment volume
  5. Agent – generate $10,000 in personally recruited affiliate investment volume and $300,000 in total downline investment volume
  6. Director – generate $20,000 in personally recruited affiliate investment volume and $600,000 in total downline investment volume
  7. Sr. Director – generate $50,000 in personally recruited affiliate investment volume and $1,000,000 in total downline investment volume
  8. Silver Director – generate $70,000 in personally recruited affiliate investment volume and $3,000,000 in total downline investment volume
  9. Gold Director – generate $100,000 in personally recruited affiliate investment volume and $7,500,000 in total downline investment volume
  10. Platinum Director – generate $200,000 in personally recruited affiliate investment volume and $15,000,000 in total downline investment volume
  11. Diamond Director – generate $500,000 in personally recruited affiliate investment volume and $30,000,000 in total downline investment volume
  12. International Director – generate $750,000 in personally recruited affiliate investment volume and $50,000,000 in total downline investment volume

Note that for required downline investment volume, Ovax Global limits generated investment volume as follows:

  • 100% of downline investment volume generated by personally recruited affiliates is counted
  • only 50% of downline investment volume generated on level 2 is counted
  • only 25% of downline investment volume generated on level 3 is counted
  • only 10% of downline investment volume generated on level 4 and deeper

“Levels” refer to unilevel team levels. See “Referral Commissions” below for an explanation on the unilevel team.

Referral Commissions

Ovax Global pays referral commissions 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.

Ovax Global caps payable unilevel team levels at one hundred.

Referral commissions are paid as a percentage of funds invested across these one hundred levels based on rank:

  • Partners earn 5% on level 1 (personally recruited affiliates) and 1% on levels 2 and 3
  • Leaders earn 5% on level 1, 2% on level 2 and 1% on levels 3 and 4
  • Sr. Leaders earn 6% on level 1, 2% on level 2, 1% on levels 3 and 4 and 0.5% on level 5
  • Representatives earn 7% on level 1, 3% on level 2, 1% on levels 3 and 4 and 0.5% on levels 5 to 7
  • Agents earn 7% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 and 5, 0.5% on levels 6 to 8
  • Directors earn 8% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 to 7 and 0.5% on levels 8 to 10
  • Sr. Directors earn 9% on level 1, 4% on level 2, 2% on level 3, 1% on levels 4 to 7 and 0.5% on levels 5 to 11
  • Silver Directors earn 10% on level 1, 4% on level 2, 3% on level 3, 1% on levels 4 to 7 and 0.5% on levels 8 to 12
  • Gold Directors earn 10% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8 and 0.5% on levels 9 to 15
  • Platinum Directors earn 12% on level 1, 5% on level 2, 4% on level 3, 3% on level 4, 2% on level 5, 1% on levels 6 to 10 and 0.5% on levels 11 to 100
  • Diamond Directors earn 13% on level 1, 6% on level 2, 5% on level 3, 4% on level 4, 3% on level 5, 2% on levels 6 and 7, 1% on levels 8 to 13 and 0.5% on levels 14 to 100
  • International Directors earn 15% on level 1, 7% on level 2, 5% on level 3, 4% on level 4, 3% on level 5, 2% on levels 6 to 8, 1% on levels 9 to 13 and 0.5% on levels 14 to 100

Rank Achievement Bonus

Ovax Global rewards affiliates for qualifying at Leader and higher with the following one-time Rank Achievement Bonuses:

  • qualify at Leader and receive $150
  • qualify at Sr. Leader and receive $500
  • qualify at Representative and receive  $1500
  • qualify at Agent and receive $3000
  • qualify at Director and receive $6500
  • qualify at Sr. Director and receive $10,000
  • qualify at Silver Director and receive $30,000
  • qualify at Gold Director and receive $50,000
  • qualify at Platinum Director and receive $100,000
  • qualify at Diamond Director and receive $500,000
  • qualify at International Director and receive $1,000,000

Joining Ovax Global

Ovax Global affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $50 investment.

Ovax Global solicits investment in various cryptocurrencies.

Ovax Global Conclusion

Ovax Global represents it generates external revenue via a number of ruses:

No evidence of Ovax Global being active in any of the above external revenue methods is provided.

On the regulatory front, Ovax Global misrepresents its shell companies as equating to registration with financial regulators.

OVAX GLOBAL is registered in multiple countries, including New Zealand, the United Kingdom, and Hong Kong.

We have obtained official licenses and documents from the respective regulatory bodies in these jurisdictions, allowing us to conduct our investment activities legally.

Ovax Global is not licensed to offer securities in New Zealand, the UK, Singapore or anywhere else in the world.

Instead of registering with regulators and operating legally, Ovax Global offers up meaningless marketing on its website:

Why does Ovax Global commit securities fraud and choose to operate illegally?

Because all they’re doing is recycling newly invested funds to pay affiliate withdrawals. This makes Ovax Global a Ponzi scheme.

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

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

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

 

Update 27th April 2024 – Ovax Global has collapsed.