Skainet Systems Review: AI trading bot ruse Dubai Ponzi
Skainet Systems fails to provide ownership or executive information on its website.
Skainet Systems’ website domain (“skainetsystems.com”), was privately registered on April 9th, 2024.
Courtesy of internal marketing, one name we can attach to Skainet Systems is Michael Baur.
As above, Baur is Skainet Systems’ Chief Marketing Officer. I’ve also seen Baur credited as Skainet Systems’ “CEO of South America”.
In 2019 a BehindMLM reader tied Baur to the CMMT Revolution Ponzi scheme. In August 2022, another BehindMLM reader tied Baur to the collapsed PLC Ultima series of Ponzi schemes.
Baur’s name also led me to this FaceBook post from serial MLM Ponzi promoter Christof Torck:
According to Torck, his “partner in crime” Lee Oshea recently held a Skainet Systems meeting with Baur in Dubai.
Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.
BehindMLM’s guidelines for Dubai are:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
If you want to know specifically how this applies to Skainet Systems, read on for a full review.
Skainet Systems’ Products
Skainet Systems has no retailable products or services.
Affiliates are only able to market Skainet Systems affiliate membership itself.
Skainet Systems’ Compensation Plan
Skainet Systems affiliates pay a fee. How much they pay determines how much they can invest through Skainet Systems’ purported AI trading bot.
- T-800 – $29.99 a year and lets you invest $100 or more on the promise of 20% a month
- T-1000 – $49.99 a year and lets you invest $100 or more on the promise of 30% a month
- T-X – $99.99 a year and lets you invest $100 or more on the promise of 40% a month
Note that funds invested with Skainet Systems’ trading bot are “locked” for 6 months.
The MLM side of Skainet Systems pays on recruitment of affiliate investors.
Skainet Systems Affiliate Ranks
There are ten affiliate ranks within Skainet Systems’ compensation plan.
Along with their respective qualification criteria, they are as follows:
- Rank 1 – sign up as a Skainet Systems affiliate and invest at least $100
- Rank 2 – invest $300 and generate $5000 in downline investment volume
- Rank 3 – invest $500 and generate $25,000 in downline investment volume
- Rank 4 – invest $1000 and generate $50,000 in downline investment volume
- Rank 5 – invest $3000 and generate $100,000 in downline investment volume
- Rank 6 – invest $5000 and generate $250,000 in downline investment volume
- Rank 7 – invest $10,000 and generate $500,000 in downline investment volume
- Rank 8 – invest $25,000 and generate $1,000,000 in downline investment volume
- Rank 9 – invest $35,000 and generate $5,000,000 in downline investment volume
- Rank 10 – invest $50,000 and generate $10,000,000 in downline investment volume
Referral Commissions
Skainet Systems affiliates earn a 15% referral fee on access fees paid by personally recruited affiliates.
Residual Commissions
Skainet Systems pays residual 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.
Skainet Systems caps payable unilevel team levels at ten.
Referral commissions are paid as a percentage of passive returns paid across these ten levels as follows:
- Rank 1s earn a 10% match on level 1 (personally recruited affiliates)
- Rank 2s earn a 10% match on level 1 and 15% on level 2
- Rank 3s earn a 10% match on level 1, 15% on level 2 and 20% on level 3
- Rank 4s earn a 10% match on level 1, 15% on level 2, 20% on level 3 and 25% on level 4
- Rank 5s earn a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4 and 30% on level 5
- Rank 6s earn a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, 30% on level 5 and 35% on level 6
- Rank 7s earn a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, 30% on level 5, 35% on level 6 and 40% on level 7
- Rank 8s earn a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, 30% on level 5, 35% on level 6, 40% on level 7 and 45% on level 8
- Rank 9s earn a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, 30% on level 5, 35% on level 6, 40% on level 7, 45% on level 8 and 48% on level 9
- Rank 10s earn a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, 30% on level 5, 35% on level 6, 40% on level 7, 45% on level 8, 48% on level 9 and 50% on level 10
Rank 10 Pool
Skainet Systems takes 5% of company-wide investment and places it into a Rank 10 Pool.
Rank 10 ranked affiliates receive a share in the pool daily.
Rank Achievement Bonuses
Skainet Systems rewards affiliates for qualifying at Rank 2 and higher with the following one-time Rank Achievement Bonuses:
- qualify at Rank 2 and receive $50
- qualify at Rank 3 and receive Apple Airpods or $100
- qualify at Rank 4 and receive an Apple Watch or $300
- qualify at Rank 5 and receive an Apple iPhone
- qualify at Rank 6 and receive a MacBook
- qualify at Rank 7 and receive “VIP travel”
- qualify at Rank 8 and receive a Rolex watch
- qualify at Rank 9 and receive a BMW
- qualify at Rank 10 and receive a Ferrari
Joining Skainet Systems
Skainet Systems affiliate membership is either $29.99, $49.99 or $99.99 annually.
The more a Skainet Systems affiliate spends on membership the higher their passive ROI rate.
Skainet Systems Conclusion
Skainet Systems is an admittedly clever integration of terminology from the Terminator series of movies (albeit seemingly unauthorized).
Skainet Systems represents it generates external revenue via an AI trading bot.
SkAInet Systems is your trusted partner in the fast-paced world of Forex trading.
As a cutting-edge platform powered by advanced technology, we specialize in providing high-frequency trading bots specifically designed for the Forex market.
No verifiable evidence of Skainet Systems generating any revenue via trading is provided. Instead, Skainet Systems trots out MyFXBook and a Mwali “international brokerage certificate”
MyFXBook is not a substitute for legally required audited financial reports filed with regulators. Furthermore, MyFXBook stats are easily faked.
The Mwali certificate pertains to Cermak LLC, a purported brokerage operating from the domain “cermakfx.com”.
It should firstly be noted that Cermak LLC is nothing more than a shell company run by person(s) unknown. For the purpose of MLM due-diligence, the Mwali certificate is completely meaningless.
Secondly, Cermak LLC’s website domain was only registered earlier this year on January 16th. There’s a good chance there’s overlap between Skainet Systems’ anonymous owner(s).
From an actual regulatory perspective, Skainet Systems’ advertised passive returns constitutes a securities offering.
As of June 2024, SimilarWeb tracked top sources of traffic to Skainet Systems’ website as France (98.5%), Germany (1%) and Brazil (0.4%).
Skainet Systems fails to provide evidence it has registered with financial regulators in any jurisdiction.
Thus, at a minimum, Skainet Systems is committing securities fraud in the jurisdictions it solicits investment in.
As it stands, the only verifiable source of revenue entering Skainet Systems is new investment. Using new investment to pay ROI withdrawals would make Skainet Systems a Ponzi scheme.
Additionally with nothing marketed or sold to retail customers, the MLM side of Skainet Systems operates as a pyramid scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Skainet Systems of ROI withdrawal revenue, eventually prompting a collapse.
This is from Skainet Systems’ website Terms and Conditions;
SKAINET SYSTEMS can justify any service-related decision and terminate client relations without obligation to explain.
Clients must refrain from negative comments about SKAINET SYSTEMS. Breaching this clause results in a fine.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Interesting terms and conditions – would make for an entertaining (if futile) discussion on the Unfair Contract Terms Directive (EU) for all those French and German investors…..
This site is promoting Skainet: 1freedom.eu
Run by two individuals, Lars Helin Sverige and Thomas Johansen Norway.
It seems that the author of the article does not differentiate between a real network marketing system based on selling a real product that provides a real service, and a Ponzi system based on distributing money without a product or service.
Therefore, those who do not know the difference between real marketing and Ponzi should not criticize what they do not know until they learn first.
Having a product or service doesn’t define a Ponzi scheme. Recycling newly invested funds to pay ROI withdrawals defines a Ponzi scheme.
Skainet Systems recycles newly invested funds to pay ROI withdrawals, making it a Ponzi scheme.
Quoted for the lulz.
When the source of profits is the sale of the company’s product and the source of the marketers’ profits is real trading (Ozedit: snip, see below)
If you want to make claims about Skainet System’s generated revenue, please provide audited financial reports filed with regulators.
Failing which, Skainet Systems is committing securities fraud because it has no external revenue. MLM + securities fraud = Ponzi scheme.
Why did you delete my article?? In this case, you are the one who is manipulating people’s comments on your page.
If you open with a factually incorrect statement you can’t support, you don’t get to build an argument around it.
It’s not manipulation, you’re just wrong.
Thank you for confirming you have no answer to being wrong about what a Ponzi scheme is, and Skainet Systems committing securities fraud because it’s a Ponzi scheme.
Best of luck with the scamming.
Certified and licensed companies have the right to give their reports to the government agencies that licensed them, not to people who hate just for the sake of hating.
I’m going to advise you stop talking out of your ass about things you clearly know nothing about. And that’s the only warning you’ll get.
Skainet Systems is neither certified or licensed to offer securities in any jurisdiction.
In order to operate legally, Skainet Systems has to file audited financial reports with regulators. There is no verifiable evidence Skainet Systems has done this, because they haven’t.
Notwithstanding these reports are required to be made available to consumers so potential investors can perform due-diligence.
These are legal non-negotiable requirements in every country with regulated financial markets. Failure to comply certifies Skainet is committing securities fraud.
MLM + securities fraud = Ponzi scheme.
Do you think if you or I were the owner of a company (Ozedit: derails removed)
Thank you for confirming Skainet Systems is a Ponzi by way of it committing verifiable securities fraud. Glad we were able to clear up your misinformation regarding what a Ponzi is, securities laws and non-negotiable legal requirements.
Not interested in discussing your fantasy of owning a company.
We’re at the point where if you don’t provide audited Skainet Systems financial reports filed with regulators, spam-bin. Best of luck with the scamming.
Oz wrote:
Michael Baur is a German citizen. He said in this video from June 15, 2024:
postimg.cc/wyYhwgzM
youtu.be/z__X9MUMoMY?t=68
Oz wrote:
That is correct. Video from March 5, 2024.
ibb.co/XzFDxsb
youtube.com/watch?v=YHlwwB495CU
Some facts about Hassan Elasri (his comments #3, 5, 7, 9 and 11).
Skainet-scammer Hassan Elasri from Morocco claims on YouTube:
I do not believe that God will help Moroccan scammers.
postimg.cc/PLMQCMS6
youtube.com/@Hassan-Elasri/videos
His YouTube channel with 15 Skainet videos and 9,000 subscribers has existed since April 2014, but Hassan Elasri deleted all videos by August 8, 2024. What scam did he recommend in the previous 10 years?
Hassan Elasri‘s current website for the Skainet Systems scam is metar.pro. The domain was registered on May 28, 2024 and updated on June 2, 2024.
postimg.cc/f3xDmVdq
Hassan Elasri‘s registration link at Skainet is:
skainetsystems.com/ref/9sPdXdCPVUkk
Hassan Elasri on Facebook:
postimg.cc/XXx1H90S
facebook.com/hassanelasricom/?locale=tr_TR
On Facebook, Hassan Elasri links to hassan-elasri.com, but this website no longer exists. The WebArchive shows that this website never had any content.
web.archive.org/web/20210122085953/https://www.hassan-elasri.com/
The country code TR indicates that Hassan Elasri is now cheating from Turkey?
German serial scammer Mario Emmrich (aka “Super-Mario”) uploaded this video to his YT channel on July 14, 2024:
ibb.co/6w7g9J9
youtube.com/watch?v=r4Pr209EpGg
As is usual with scammers, the comment function under this video has been deactivated.
Are you involved in Skainet ? one of the owners ?
The author of this article has 100% success rate in debunking the scams… so, Skainet clients have 100% chance to loose their money.