Paymara Review: Boris CEO MLM crypto Ponzi scheme
Paymara provides no information on its website about who owns or runs the company.
Paymara’s website domain (“paymara.com”), was first registered in 2014.
The private registration was last updated on March 1st, 2022.
Through the Wayback Machine we can see Paymara’s website domain was for sale. The current owners took possession of it in late 2021.
On Paymara’s official YouTube channel, “Candace Ava Fiorina” is presented as its CEO.
Fiorina doesn’t exist outside of Paymara. It’s the usual Boris CEO affair; an actor, rented office, company flags etc.
Other actors used by Paymara include “Joseph McCareins“:
And “Colin Robertson“:
Boris CEO schemes are typically the work of Ukrainian/Russian scammers. Although we have seen a few south-east Asian clones pop up recently.
Nonetheless I was able to tie Paymara to Russian scammers through the company’s “team” page:
As far as I can tell this page isn’t linked off Paymara’s other website pages. That’s probably because it’s full of stolen photos.
One other interesting thing to note is Paymara’s web server is running off Indian time:
It appears Russians hired Indian devs to put Paymara’s website together.
In an attempt to appear legitimate, Paymara provides shell company incorporation details for the US and Canada.
Paymara Global LLC is incorporated in New Jersey. Paymara Global Inc. is incorporated in Canada.
For the purpose of MLM due-diligence, basic incorporation anywhere is meaningless.
Supplementing Paymara’s shell incorporations is a random corporate address in the UK. This appears to be an attempt to lend credibility to the actor playing Candace Ava Fiorina, as she speaks with a British accent.
Alexa currently ranks tops sources of traffic to Paymara’s website as Canada (39%), Vietnam (35%) and Pakistan (8%).
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.
Paymara’s Products
Paymara has no retailable products or services.
Affiliates are only able to market Paymara affiliate membership itself.
Paymara’s Compensation Plan
Paymara affiliates invest cryptocurrency on the promise of advertised returns:
- Package 1 – invest $50 to $9999 and receive 1.5% a day
- Package 2 – invest $10,000 to $29,999 and receive 1.75% a day
- Package 3 – invest $30,000 to $49,999 and receive 2% a day
- Package 4 – invest $50,000 to $99,999 and receive 2.25% a day
- Package 5 – invest $100,000 to $200,000 and receive 2.5% a day
Daily returns appear to be paid for 200 days.
Note that Paymara charges a 10% fee on all withdrawals.
The MLM side of Paymara pays on recruitment of affiliate investors.
Referral Commissions
Paymara pays a referral commission on crypto invested by personally recruited affiliates.
Referral commission rates are determined by how much an affiliate themselves has invested:
- Package 1 tier affiliates receive an 8% referral commission rate
- Package 2 tier affiliates receive a 9% referral commission rate
- Package 3 tier affiliates receive a 10% referral commission rate
- Package 4 tier affiliates receive an 11% referral commission rate
- Package 5 tier affiliates receive a 12% referral commission rate
Residual Commissions
Paymara 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 Paymara tallies up new investment volume on both sides of the binary team.
Affiliates are paid a percentage of funds generated on their weaker side, again based on how much they themselves have invested:
- Package 1 tier affiliates earn an 8% residual commission rate, capped at $2000
- Package 2 tier affiliates earn a 9% residual commission rate, capped at $3000
- Package 3 tier affiliates earn a 10% residual commission rate, capped at $5000
- Package 4 tier affiliates earn an 11% residual commission rate, capped at $8000
- Package 5 tier affiliates earn a 12% residual commission rate, capped at $15,000
Coordinator Income
Coordinator Income appears to be a bonus referral commission rate.
Coordinator Income rates are determined via a separate set of rank-based qualification criteria:
- Coordinator – recruit two affiliates and receive a 2% Coordinator Income rate
- Team Coordinator – recruit ten Coordinators and receive a 5% Coordinator Income rate
- Country Coordinator – recruit one hundred Team Coordinators and receive a 10% Coordinator Income rate
- Community Coordinator – recruit one hundred Country Coordinators and receive a 15% Coordinator Income rate
Elite Club
Elite Club appears to be a bonus residual commission, paid through a unilevel team instead of a binary team.
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.
Paymara caps the Elite Club at ten unilevel team levels.
The Elite Club is paid out as a percentage of funds invested across these ten levels as follows:
- Coordinators earn 1% on level 1 (personally recruited affiliates)
- Team Coordinators earn 2% on levels 1 and 2
- Country Coordinators earn 3% on levels 1 to 5
- Community Coordinators earn 5% on levels 1 to 10
See “Coordinator Income” above for rank qualification criteria.
Joining Paymara
Paymara affiliate membership is free. Full participation in the attached income opportunity requires a minimum $50 investment.
Note how much a Paymara affiliate invests determines their income potential.
Paymara solicits investment in bitcoin, ethereum and tron.
Paymara Conclusion
Paymara offers up a typical MLM crypto Ponzi ruse:
The investment portfolio is managed by a team of experienced financial specialists, professional traders, data analysts along with our automated trading systems backed up by Artificial Intelligence.
This exact text appears on a number of scam website, suggesting Paymara’s website is built on a template.
Paymara offers up no evidence it is engaged in trading or any other external revenue activity.
It should be obvious that there is no trading activity. All Paymara is doing is recycling newly invested funds to pay existing investors.
Using newly invested funds to pay returns makes Paymara a Ponzi scheme.
The MLM side of the business adds a pyramid layer. Tying income potential to how much is invested is “pay to play”, a common feature of pyramid schemes.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Paymara of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 15th May 2022 – Paymara has collapsed. The scammers have rebooted the Ponzi scheme as Paymara Meta.
Candace Ava Fiorina is a mouthful. Someone down at the Boris CEO factory is having fun.
On a related note, I hear Russia might be cutting itself off from the internet on March 11th. Gonna be a whole lot of collapsed MLM Ponzis come Saturday if that happens.
F in the chat for Boris…
Thats going to be a big ol’ dickpunch for alotta boris scams.
Not really. Seems to be a misunderstanding of a letter, according to which all Russian ministries, state agencies and regional governments shall move all the data from overseas to Russian servers.
Normal users should not be affected. However, who knows what is in the minds of some people…
But but but… we saw that scary black ship leave port. The one with the giant scissors!
I nominate Melinda Moret for “Worst Handling of English Language” in the upcoming Boris Awards.
“monthees”
“boun-daaries”
A crypto Ponzi shout-out to Carly Fiorina, perhaps? She was the CEO of American company Hewlett-Packard for 6 years before she was forced out.
One of her first acts was wrangling a merger (buyout, really) with Compaq Computers, a move many questioned at the time and ever since.
HP sales and revenue went up during her tenure, but lagged well behind the S&P 500 over the same period. Most HP veterans spit on the ground at the mention of her name.
She later made unsuccessful runs at a seat in the US Senate an the presidency.
On the other hand, maybe it’s a coincidence.
I wonder if they had to wide many doorways to let Candace’s hair through.
March 12th now, Internet in Russia is still available. Maybe that scary ship cut the wrong cable, who knows.
My family invested 80,000 and did not nothing back of what they invested. This were LIFETIME FINANCIAL SAVINGS!
ARE you really that bad people, bad hearted playing with people finances.
I don’t know what you are and where you are, but this is just wrong. My family is sick, has nervous breakdowns, are anxious, they invested money that they needed for their health, for food, for their support.
How could you do that and be so heartless, so intentionally bad. Don’t have principles; you don’t have a conscience and you just don’t have no idea what is to work hard for money.
Now if you answer probably are going to tell me to invest more money so I can get it back. Right? Because you don’t ever end the scamming.
Life it is a witness of who behaves well and who does not. Life gets back whatever is put into and there is a al powerful force that creates us and is not to act bad with people that are vulnerable, and have good intentions, that is for sure.
Hopefully you get blessings but so far, your acts were bad with the investors. Created a lie and told people they will make money investing their money and savings and took all money that is not yours to keep.