Pluritec Review: AI trading bot ruse Boris CEO Ponzi
Pluritec fails to provide verifiable ownership or executive information on its website.
Pluritec’s marketing material cites “Miroslav Jogevic” as its founder.
Miroslav Jogevic doesn’t exist outside of Pluritec’s marketing. That’s because he’s played by a Ukrainian singer/actor.
Unfortunately I wasn’t able to pin down the actor’s name. Circa 2018-2019 though he was a singer/instrumentalist for Singwell, a Ukrainian singing school.
Update 23rd September 2023 – Based on the blue text on the Singwell display above, the actor playing “Miroslav Jogevic” appears to be named Ivan Podkalyuzin. /end update
Prior to hiring the actor playing Jogevic, Pluritec’s marketing videos were hosted by robodubbed AI avatars.
Typically Boris CEO schemes are the work of Russians. It’s unclear whether the actor playing Jogevic was hired by Russians or Ukrainians.
On August 23rd Pluritec uploaded a staged event video that, as far as I can tell, was held in London.
Surprisingly, the actor playing Jogevic wasn’t there. The hired cast appears to be a mix of eastern Europeans and Londoners.
Pluritec’s website domain (“pluritec.co”), was privately registered on June 18th, 2023.
Update 14th November 2023 – After collapsing on their .CO domain, Pluritec has rebooted on “pluritec.ltd”.
Pluritec’s .LTD domain was privately registered on November 10th, 2023. /end update
In an attempt to appear legitimate, Pluritec provides a shell company certificate for “Pluritec Limited”, purportedly incorporated in the UK on June 23rd, 2023.
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.
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.
Pluritec’s Products
Pluritec has no retailable products or services.
Affiliates are only able to market Pluritec affiliate membership itself.
Pluritec’s Compensation Plan
Pluritec affiliates invest USD equivalents in cryptocurrency.
This is done on the promise of advertised passive returns:
- invest $25 to $499 and receive 1.5% a day for 20 days
- invest $500 to $4999 and receive 1.7% a day for 35 days
- invest $5000 to $49,999 and receive 1.9% a day for 50 days
- invest $50,000 to $1,000,000 and receive 2.1% a day for 70 days
- invest $25 to $1,000,000 and receive 3% a day for 200 days
The MLM side of Pluritec pays on recruitment of affiliate investors.
Pluritec Affiliate Ranks
There are ten affiliate ranks within Pluritec’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Sapphire – sign up as a Pluritec affiliate
- Ruby – generate $50,000 in downline investment volume
- Emerald – generate $100,000 in downline investment volume
- Diamond – generate $500,000 in downline investment volume
- Blue Diamond – generate $1,000,000 in downline investment volume
- Black Diamond – generate $5,000,000 in downline investment volume
- Crown Diamond – generate $10,000,000 in downline investment volume
- Bronze President – generate $25,000,000 in downline investment volume
- Silver President – generate $50,000,000 in downline investment volume
- Gold President – generate $100,000,000 in downline investment volume
Referral Commissions
Pluritec 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.
Pluritec caps payable unilevel team levels at ten.
Referral commissions are paid as a percentage of cryptocurrency invested across these ten levels as follows:
- level 1 (personally recruited affiliates) – 9%
- level 2 – 6%
- levels 3 and 4 – 4%
- levels 5 to and 6 – 3%
- levels 7 and 8 – 2%
- levels 9 and 10 – 1%
Rank Achievement Bonus
Pluritec rewards affiliates for qualifying at Ruby and higher with the following one-time Rank Achievement Bonuses:
- qualify at Ruby and receive $1000
- qualify at Emerald and receive $2500
- qualify at Diamond and receive $10,000
- qualify at Blue Diamond and receive $50,000
- qualify at Black Diamond and receive $200,000
- qualify at Crown Diamond and receive $500,000
- qualify at Bronze President and receive $1,000,000
- qualify at Silver President and receive $2,500,000
- qualify at Gold President and receive $5,000,000
Joining Pluritec
Pluritec affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $25 investment.
Pluritec solicits investment in tron (TRX) and tether (USDT).
Pluritec Conclusion
Despite only existing for a few months, Pluritec pitches itself as a ” leader in stock market asset trading using advanced technology and artificial intelligence”.
Pluritec fails to provide evidence it is using trading revenue to pay affiliate withdrawals. Furthermore, Pluritec’s business model fails the Ponzi logic test.
If Pluritec already has an AI trading bot generating 3% a day, what do they need your money for?
On the regulatory front, Pluritec’s passive returns investment scheme constitutes a securities offering.
Pluritec fails to provide evidence it has registered with financial regulators (including the FCA in the UK), meaning that at a minimum Pluritec is committing securities fraud.
As it stands, the only verifiable source of revenue entering Pluritec is new investment. Using new investment to pay affiliate withdrawals would make Pluritec a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Pluritec of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 14th November 2023 – Pluritec has collapsed. As at the time of this update, Pluritec’s website is no longer accessible.
Actor’s name seems to be Ivan Podkalyuzin. It is written in Cyrillic on the photo where he portrays Freddie Mercury.
Thanks for that. I knew something was written there but no idea what :D.
Well, just as expected, their website is down… Since last week…I wonder why? LOL
I was pitched this “program” about 5 or 6 weeks ago, and I tried hard to explain to him WHY pluritec was a Ponzi scheme and why it would collapse.
I insisted, as he is actually a nice young guy that has fallen for the nonsense. Unfortunately, convincing people against their will is fruitless. I even showed him this website and all the evidence, haha, but still completely blind. A shame.
Naughty me, I contacted him about the site being down and he said it was a “security update”…
So…
I did a video on YouTube to warn people about, and one of the people commenting said the website had been “hacked”.
Yeah, right…
Anyway… keep cracking down on the nonsense.
Thanks for trying to keep people out of trouble
Confirmed, Pluritec’s website has been pulled. Thanks for the update.
Just came to my attention that they changed their domain from “pluritec.co” to “pluritec.ltd” … just a matter of time..
Thanks for the update. Added Pluritec’s new website domain to the review.
My pleasure buddy
I invested 5k and haven’t get any returns now actually looking up on the company and came across this review my loss it’s to late now.
Hey Bub,
In case you did not know, they changed the domain to “ltd” … not sure if it would help?
Via email, unconfirmed: