Oxon Services Review: Generic fintech ruse Ponzi
Oxon Services fails to provide ownership or executive information on its website.
Oxon Services’ website domain (‘oxonservicesltd.com”), was privately registered on May 24th, 2024.
In an attempt to appear legitimate, Oxon Services provides an Australian shell company certificate for Oxon Services Pty Limited.
The certificate dates back to 2005 and, given Oxon Services is just over a month old, obviously has nothing to do with the company.
Given the certificate also cites a “record of registration” from 1998, it also appears to be doctored.
Oxon Services has already attracted the attention of financial regulators. The Central Bank of Russia issued an Oxon Services pyramid fraud warning on July 3rd, 2024.
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.
Oxon Services’ Products
Oxon Services has no retailable products or services.
Affiliates are only able to market Oxon Services affiliate membership itself.
Oxon Services’ Compensation Plan
Oxon Services affiliates invest USD equivalents in cryptocurrency. This is done on the promise of advertised returns:
- Savers – invest $100 to $4999 and receive 27% to 30% a month
- Management – invest $5000 to $29,999 and receive 35% to 38% a month
- Premium – invest $30,000 to $99,999 and receive 40% to 45% a month
- Platinum – invest $100,000 to $499,999 and receive 50% to 55% a month
- Cooperate – invest $500,000 or more and receive 60% to 65% a month
The MLM side of Oxon Services pays on recruitment of affiliate membership.
Referral Commissions
Oxon Services affiliates earn referral commissions on cryptocurrency invested by personally recruited affiliates.
Referral commission rates are determined by how much a recruited affiliate invests:
- recruit a Savers or Management tier affiliate and receive a 5% referral commission
- recruit a Premium tier affiliate and receive a 6% referral commission
- recruit a Platinum tier affiliate and receive a 7% referral commission
- recruit a Cooperate tier affiliate and receive a 10% referral commission
Residual Commissions
Oxon Services 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 Oxon Services tallies up new investment volume on both sides of the binary team.
Affiliates are paid 6% of new investment volume on the weaker binary team side.
Once paid out on, investment volume is matched on the stronger binary team side and flushed.
Any leftover volume on the stronger binary team side carries over.
Note that Oxon Services’ marketing material mentions a daily residual commission cap. No specific information is provided.
Cash Bonuses
Oxon Services’ pays a Cash Bonus based on downline investment volume:
- generate $501 to $1000 in weekly commissions and receive a 1% bonus
- generate $1001 to $3000 in weekly commissions and receive a 2% bonus
- generate $3001 to $6000 in weekly commissions and receive a 3% bonus
- generate $5001 to 10,000 in weekly commissions and receive a 4% bonus
- generate $10,001 to $15,000 in weekly commissions and receive a 5% bonus
- generate $15,001 or more in weekly commissions and receive a 6% bonus
Note the Cash Bonus rate is paid on generated downline investment volume for the qualifying week.
Joining Oxon Services
Oxon Services affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $100 investment.
Oxon Services solicits investment in various cryptocurrencies.
Oxon Services Conclusion
Oxon Services is your typical generic finance template Ponzi scheme.
In addition to lying about the foundation of the company through a doctored ASIC certificate, Oxon Services’ website presents itself as a generic finance themed template.
The site is populated with copious amounts of generic finance jargon, accompanied by a plethora of stock and/or stolen images.
As a passive returns investment scheme, Oxon Services is required to register itself with financial regulators. Oxon Services fails to provide evidence it has registered with any financial regulators (the doctored ASIC certificate obviously doesn’t count).
Thus, at a minimum, Oxon Services is committing securities fraud.
As it stands the only verifiable source of revenue entering Oxon Services is new investment.
Using new investment to pay ROI withdrawals would make Oxon Services a Ponzi scheme. Additionally with nothing marketed or sold to retail customers, the MLM side of Oxon Services operates as a pyramid scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Oxon Services of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.