Roosevelt Assets Review: Real-estate ruse crypto Ponzi
Roosevelt Assets fails to provide verifiable ownership or executive information on its website.
Roosevelt Assets’ website domain (“rooseveltassets.com”), was privately registered on May 15th, 2023.
Despite only existing for a few months, on its website Roosevelt Assets falsely claims to have “20 years of experience”. Bogus testimonials with photoshopped avatars are also provided.
In an attempt to appear legitimate, Roosevelt Assets provides a corporate address in the UK.
The link is clickable, and sends visitors to a Russian language version of Google Maps.
This strongly suggests that eastern Europeans are behind Roosevelt Assets. Typically this means Russians or Ukrainians.
Additionally, this is from Roosevelt Assets’ “whitepaper”;
The company’s developers have created one of the most secure cryptocurrency platforms.
The platform allows you to invest any amount in cryptocurrency investment pools.
The FCA banned MLM cryptocurrency investment schemes in the UK on October 8th, 2023. Such to the extent Roosevelt Assets has any actual ties to the UK, the company is operating illegally.
A list of misappropriated executive identities is also provided in Roosevelt Assets’ website and whitepaper:
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.
Roosevelt Assets’ Products
Roosevelt Assets has no retailable products or services.
Affiliates are only able to market Roosevelt Assets affiliate membership itself.
Roosevelt Assets’ Compensation Plan
Roosevelt Assets affiliates invest USD equivalents in cryptocurrency.
This is done on the promise of advertised returns:
- Start – invest $10 to $500 and receive 1.4% a day for 15 days
- Based – invest $500 to $2500 and receive 1.8% a day for 30 days
- Advanced – invest $2500 to $5000 and receive 2% a day for 35 days
- Pro – invest $5000 to $10,000 and receive 2.3% a day for 40 days
- Maximum – invest $10,000 to $50,000 and receive 2.7% a day for 45 days
- High-End – invest $50,000 to $100,000 and receive 3% a day for 50 days
Roosevelt Assets 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.
Roosevelt Assets 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) – 7%
- level 2 – 2%
- levels 3 to 5 – 1%
- levels 6 to 10 – 0.5%
Joining Roosevelt Assets
Roosevelt Assets affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $10 investment.
Roosevelt Assets solicits investment in various cryptocurrencies.
Roosevelt Assets Conclusion
Roosevelt Assets represents it generates external revenue via real estate investment.
We invest in various real estate funds that generate returns, allowing our investors to achieve their financial goals.
No evidence of Roosevelt Assets paying withdrawals with external revenue is provided.
This is because, like Roosevelt Assets’ fake testimonials, executives and UK address, there is no real estate investment.
Furthermore, Roosevelt Assets’ business model fails the Ponzi logic test.
On its website and despite only existing for a few months, Roosevelt Assets claims to have $1.7 billion “assets under management”.
At 3% a day that would be generating $51 million a day. Yet here’s Roosevelt Assets, providing any random individual access for just $10.
As it stands, the only verifiable source of revenue entering Roosevelt Assets is new investment. Using new investment to pay affiliate withdrawals would make Roosevelt Assets a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Roosevelt Assets of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 13th November 2023 – Roosevelt Assets has collapsed.
As at the time of this update, Roosevelt Assets’ website is still up but withdrawals have been disabled.