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

Rich Net Global does provide both Board of Directors and executive management details, however provided profiles are fake names combined with stock photos:

Rich Net Global’s website domain (“richnetglobal.net”), was privately registered on February 23rd, 2023.

In an attempt to appear legitimate, Rich Net Global provides an incorporation certificate for Rich Net Global LTD.

Rich Net Global LTD was incorporated in the UK on July 7th, 2023.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is 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.

Rich Net Global’s Products

Rich Net Global has no retailable products or services.

Affiliates are only able to market Rich Net Global affiliate membership itself.

Rich Net Global’s Compensation Plan

Rich Net Global affiliates invest USD equivalents in cryptocurrency.

This is done on the promise of advertised returns:

  • Bronze – invest $30 to $5000 and receive 2% a day for 80 days
  • SIlver – invest $5001 to $25,000 and receive 2.5% a day for 64 days
  • Gold – invest $25,001 to $50,000 and receive 3% a day for 55 days
  • Platinum – invest $50,001 to $99,999 and receive 3.5% a day for 50 days

The MLM side of Rich Net Global pays on recruitment of affiliate investors.

Referral Commissions

Rich Net Global pays a 10% referral commission on funds invested by personally recruited affiliates.

Residual Commissions

To qualify for residual commissions, Rich Net Global affiliates must have an active investment.

Rich Net Global 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 Rich Net Global tallies up new investment volume on both sides of the binary team.

Affiliates are paid 10% of new investment volume on their weaker binary team side.

Once paid out on, investment volume is matched against the stronger binary team side and flushed.

Any leftover volume on the stronger binary team side carries over.

Joining Rich Net Global

Rich Net Global affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $30 investment.

Rich Net Global solicits investment in various cryptocurrencies.

Rich Net Global Conclusion

Rich Net Global represents it generates external revenue via mining and gold and cryptocurrency trading.

The business of Rich Net Global includes gold mining and investment into producing, development, evaluation, and exploration stage properties in some of the world’s most productive locations and run by some of the mining industry’s most well-known firms, along with gold trading and cryptocurrency trading.

Putting aside the combination of mining and trading being odd, Rich Net Global fails to provide evidence of any external revenue generation.

Furthermore, Rich Net Global’s business model fails the Ponzi logic test.

If Rich Net Global already has mining and trading legitimately generating it 3.5% a day, what do they need your money for?

The answer is, like its corporate backstory and executives, Rich Net Global’s gold mining and trading activities are fictional.

As it stands the only verifiable source of revenue entering Rich Net Global is new investment.

Using new investment to pay affiliate withdrawals would make Rich Net Global a Ponzi scheme.

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

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

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