Prime International Club Review: 3.3% a day Ponzi scheme
Prime International Club operates in the cryptocurrency MLM niche.
The company doesn’t provide a corporate address on its website.
Supposedly heading up Prime International Club is CEO Victor Janowitz.
Janowitz doesn’t have a digital footprint outside of Prime International Club.
This is a red flag in and of itself, but also suggests Victor Janowitz might be an alias.
According to his Prime International corporate bio, Janowitz was
born in Poland and radicalized [sic] in Brazil and Autralia [sic].
Official Prime International Club marketing videos are hosted by Charleston “Charles” Silvestre.
Silvestre appears to have gotten involved in MLM through Noni International.
Prior to promoting MLM cryptocurrency schemes, Silvestre was giving relationship advice on YouTube:
Silvestre is believed to have dual US and Brazilian citizenship. As per Silvestre’s Facebook profile, he normally resides in Massachusetts.
Based on his social media activity, Silvestre is believed to currently be travelling through Espirito Santo, Brazil.
On August 19th a video was uploaded to Prime International Club’s official YouTube channel featuring both Silvestre and Janowitz in the same room.
Thus it appears Prime International Club is being run out of Espirito Santo, Brazil.
Read on for a full review of Prime International Club’s MLM opportunity.
Prime International Club’s Products
Prime International Club has no retailable products or services.
Affiliates are only able to market Prime International Club affiliate membership itself.
Prime International Club’s Compensation Plan
Prime International Club affiliates invest funds on the promise of a 300% ROI, paid at 3.3% a day.
Prime International Club solicits investment at specific amounts between $25 to $20,000:
- Pack 1 – $25
- Pack 2 – $100
- Pack 3 – $300
- Pack 4 – $500
- Pack 5 – $1000
- Pack 6 – $3000
- Pack 7 – $5000
- Pack 8 – $10,000
- Pack 9 – $20,000
Apparently anyone not satisfied with Prime International Club’s investment tiers can demand to invest more:
How much an Prime International Club affiliate invests dictates how much they can withdraw each day.
Withdrawals are capped at the highest Pack invested in. E.g. Pack 7 affiliates can withdraw up to $5000 a day.
Minimum withdrawal limits between $20 to $500 also apply.
The MLM side of Prime International Club’s compensation plan pays on investment by recruited affiliates.
Residual Commissions (unilevel)
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.
Prime International Club caps payable unilevel team levels at five.
Residual unilevel commissions are paid out as a percentage of funds invested across these five levels as follows:
- level 1 (personally recruited affiliates) – 5%
- level 2 – 4%
- level 3 – 3%
- level 4 – 2%
- level 5 – 1%
Residual Commissions (binary)
To qualify for residual binary commissions, a Prime International Club affiliate must recruit two affiliates who have invested.
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.
Each Prime International Club Pack investment corresponds with a set amount of sales volume (BV):
- Pack 1 – 5 BV
- Pack 2 – 20 BV
- Pack 3 – 26 BV
- Pack 4 – 100 BV
- Pack 5 – 200 BV
- Pack 6 – 600 BV
- Pack 7 – 1000 BV
- Pack 8 – 1000 BV
- Pack 9 – 1000 BV
At the end of each day Prime International Club tallies up new BV generated across the first twelve levels of the binary team.
Affiliates are paid 50% of BV generated on the weaker binary team side.
Rank Achievement Bonus
Prime International Club affiliates earn a Rank Achievement Bonus for generating accumulated BV volume on their weaker binary team side.
- Gold (generate 30,000 BV) = $250
- Ruby (generate 50,000 BV) = $500
- Emerald (generate 100,000 BV) = $1000
- Sapphire (generate 200,000 BV) = “a trip worth $3000”
- Diamond (generate 500,000 BV) = “receive a watch worth $5000”
- Ambassador (generate 1,000,000 BV) = receive a car worth $30,000″
- Emperor (generate 3,000,000 BV) = receive a Ferrari worth $250,000″
Joining Prime International Club
Prime International Club affiliate membership is tied to an initial $25 to $20,000 invesmtent.
Note that although USD is quoted, all payments within Prime International Club are made in bitcoin.
Prime International Club represents it generates external revenue via “day trading”.
If Victor Janowitz and Charleston Silvestre were actually generating 3.3% a day from day trading, they wouldn’t be offering it to you for as little as $25.
Not withstanding there is no evidence of Prime International Club generating external revenue that it uses to pay withdrawals, via day trading or otherwise.
Furthermore Prime International Club’s passive investment opportunity constitutes a securities offering.
Prime International Club provides no indication it has registered with financial regulators in the US or Brazil.
Securities in the US are regulated by the SEC. A search of the SEC’s public Edgar database turns up nothing for Prime International Club, Victor Janowitz or Charleston Silvestre.
This means that at a minimum, Prime International Club is committing securities fraud.
The only reason an MLM company commits securities fraud is because it isn’t doing what it claims to be.
As it stands the only verifiable source of revenue entering Prime International Club is new investment.
Using new investment to pay affiliates a daily 3.3% ROI makes Prime International Club a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Prime International Club of ROI revenue, eventually prompting a collapse.
The math behind MLM Ponzi schemes guarantees that when they collapse, the majority of participants lose money.