Skypex Review: Profit sharing commodities fraud in Dubai
Skypex fails to provide ownership or executive information on its website.
Skypex’s website domain (“skypex.io”), was privately registered on May 8th, 2024.
In Skypex’s website General Terms and Conditions, we find reference to Arthwo LTD, S.A.
The contracting parties for the use of the Services are ARTHWO LTD, S.A., Bella Vista Urbanization, Samuel Lewis Avenue & 55 Street, Panama City in the Republic of Panama.
The cited address is used by many businesses, confirming that Arthwo LTD, S.A. is a shell company.
Supporting this is Arthwo’s website (“arthwo.com”, privately registered on June 5th, 2024), which is both low-effort and incomplete:
It’s the kind of website one would set up to create the illusion of a company without it being so.
Another shell company we can attach to Skypex is SC Consulting Ltd.
We accept payments in various cryptocurrencies through our payment provider, CoinPayments Inc.
For all accounting purposes we have contracted SC Consulting Ltd. as Skypex’s accounting partner.
As per the above, again from Skypex’s General Terms and Conditions, the use of SC Consulting Ltd. appears to be solely to hide Skypex from Coin Payments.
As per its website, SC Consulting Ltd. appears to be a Dubai shell company factory:
We offer an integrative support for one or all stages of your Dubai project. Focused on security, sustainability and quality.
We manage your business in a future-oriented manner, starting with the foundation through to securing the profits financially.
If you do not want to start your own business we will find the right, reliable partner. The cooperation with this can be monitored by us or even taken over.
SC Consulting LTD. offers shell company services in Dubai, Panama, Seychelles and the wider EU. The shady company also offers a “change citizenship” service.
On its website, Skypex misrepresents paid advertising as articles from “the press”:
Clicking through to these articles we learn the face of Skypex is Udo Carsten Deppisch. This is confirmed on Deppisch’s own social media:
Udo Deppisch is a German national who made a name for himself as a top promoter of the OneCoin Ponzi scheme.
Upon finding success scamming people in OneCoin, Deppisch fled Germany for Dubai. Deppisch continued to promote OneCoin with a focus on German-speaking countries.
In April 2017 German authorities began cracking down on OneCoin. Around May that same year Deppisch went underground.
The Ponzi side of OneCoin had already collapsed in January 2017. The pyramid side was what Deppisch continued to promote until mid 2017.
After OneCoin Deppisch hitched his wagon to Anthony Norman’s Wantage One Ponzi mess.
When that didn’t work out Deppisch hitched his wagon to the Crowd1 Ponzi scheme.
Crowd1 began to collapse in 2021, prompting Deppisch to leave the company.
When that didn’t work out Deppisch rejoined Crowd1 in 2022.
The last Crowd1 post on Deppisch’s socials is from April 2024. After a brief period where Deppisch focused on his marketing company, Unlimited Career Development, Skypex launched in October 2024.
Why Deppisch’s involvement in Skypex isn’t disclosed on the company’s website is unclear.
Of note is, although Skypex’s domain registration is private, the state and country are set as Dubai in the UAE. This ties into Udo Deppisch being based out of 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 Skypex, read on for a full review.
Skypex’s Products
Skypex has no retailable products or services.
Affiliates are only able to market Skypex affiliate membership itself.
Skypex affiliate membership provides access to an ebook library and automated trading platform.
Skypex’s Compensation Plan
Skypex do not provide compensation details on their website.
The following compensation details are from a Skypex “business presentation”, hosted by Udo Deppisch in December 2024.
Skypex affiliates pay an annual fee to access automated returns:
- Edge Starter – $99 for access to passive returns, purportedly generated via a $10,000 funded trading account
- Market Maven Upgrade – $199 for access to passive returns, purportedly generated via a $20,000 funded trading account
- Pro Elite Kit – $499 for access to passive returns, purportedly generated via a $50,000 funded trading account
- Titan MasterClass – $999 for access to passive returns, purportedly generated via a $100,000 funded trading account
- Wealth Builder Pro – $1999 for access to passive returns, purportedly generated via a $250,000 funded trading account
- Ultimate Wealth Creator – $9999 for access to passive returns, purportedly generated via a $1,000,000 funded trading account
The MLM side of Skypex pays on affiliate recruitment.
Power Start Bonus
Skypex rewards affiliates with a membership voucher if they recruit three affiliates.
The voucher value is equal to the membership the recruiting affiliate paid for and can only be used to fund a newly recruited affiliate’s account.
Referral Commissions
Skypex pays a 25% referral commission per affiliate recruited.
Note referral commissions are paid as a percentage of unspecified sales volume, not membership fees paid 1:1.
A residual referral commissions is paid out but details are not provided.
Residual Commissions
Skypex 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 an unspecified pay period, Skypex tallies up new fee volume on both sides of the binary team.
Residual commissions are paid as 10% of new fee volume on the weaker binary team side.
Once paid out on, volume is matched on the stronger binary team side and flushed. Any leftover volume on the stronger binary team side carries into the next pay-period.
Trading Pool Bonus
Skypex claims it takes 10% of fees charged to trading pool investors and placed it into a Trading Pool.
Skypex claims it shares the Trading Pool with “leaders”. Specifics are not provided.
Matching Bonus
Skypex pays a Matching Bonus on earnings by both upline (2 levels) and downline (3 levels) affiliates.
Specific Matching Bonus percentage and any additional qualification criteria are not provided.
Ranks Pool Bonus
Skypex takes 10% of “company profit” and places it into the Ranks Pool Bonus.
Presumably paying out of the Ranks Pool Bonus is tied to affiliate rank. Specific details are not provided.
Rank Achievement Bonus
Skypes rewards affiliates for rank qualifying with one-time $75 to $2,500,000 Rank Achievement Bonuses.
Specific details, including Skypex rank qualification criteria, are not provided.
Joining Skypex
Skypex affiliate membership is free. Access to passive returns costs between $99 and $9999 annually.
Note that in Skypex marketing presentations, Udo Deppisch mentions monthly fees attached to certain products. Specific details aren’t provided.
It should also be noted Deppisch claims some bonuses are paid in tether (USDT). This suggests that Skypex operates in cryptocurrency.
Skypex Conclusion
At a surface level Skypex is riddled with regulatory compliance disclosure issues. Company ownership, trading details and even basic compensation details are hidden from consumers.
This likely ties into Skypex committing securities and commodities fraud.
At the core of Skypex’s offering is payment of fees to receive passive returns. This is set up through purported funded accounts.
On the money side of things though these fees are clearly an investment. Skypex affiliates pay Skypex $99 to $9999 (anything beyond this isn’t disclosed in public marketing), and in return they receive periodic passive returns.
The notion that Skypex is generating passive returns for randoms over the internet for a fee makes little sense. Why not just trade for yourselves and keep all profits?
Regardless, Skypex’s passive returns investment scheme constitutes a securities offering. This requires Skypex to register with securities regulators. The use of trading also requires Skypex to register with commodities regulators.
Skypex fails to provide evidence it has registered with financial regulators in any jurisdiction. Instead we have Skypex operating from Dubai through a Panama shell company.
Red flags galore.
Udo Deppisch (right) is unlikely to be working alone on Skypex. This raises more questions as his partners are intentionally not disclosed.
I’m not 100% on Skypex running a Ponzi scheme but, as it stands, the only verifiable source of revenue entering Skypex is new investment.
The reason I’m not set on Skypex being a Ponzi is due to the access fee being annual. If there are hidden weekly, monthly etc. fees, that’d be a more straight-forward situation.
While an annual fee unregistered investment trading scheme still triggers securities and commodities fraud, it’s more likely this is just a bot scheme waiting to blow up.
Attached to that you have the MLM side of Skypex, which without retail sales operates as a pyramid scheme. As with OneCoin, an MLM company can’t “education packages” itself out of regulatory obligations.
I want to note here my research led me to Skypex offering access to their purported education packages at no cost.
It’s poorly formatted, seemingly all authored by Deppisch and… well, pretty basic.
Be it through Skypex’s undisclosed purported funded trading or its pyramid scheme, Skypex asks a lot from potential investors without offering basic due-diligence information.
Putting everything else aside, this alone is reason enough to avoid.
Officially, the German serial fraudster Udo Carsten Deppisch lives in Ostrava (Czech Republic). His address, phone number and email address in this screenshot:
postimg.cc/vxQcxD3S
web.archive.org/web/20230517071100/https://www.unlimitedcareerdevelopment.biz/
On June 25, 2012, Udo Carsten Deppisch founded this company in Ostrava (Czech Republic) with only CZK 200,000. One CZK is equivalent to 0.041 US dollars. Unlimited Career Development s.r.o.
postimg.cc/9D4z76YV
ceginformacio.hu/cr9213249963_DE
Udo Carsten Deppisch and Ruja Ignatova in Sofia in April 2016:
postimg.cc/hXPyKrnH
In April 2024, Udo Carsten Deppisch was still promoting the Crowd1 scam on his YT channel UCD Team, but this video no longer exists:
postimg.cc/KRX5J3N3
On his latest Instagram account (udocdeppisch) with 3 followers, Udo Carsten Deppisch named the Grand Creek Harbour Hotel in Dubai as his address on December 23, 2024.
postimg.cc/q6yhqLzs
instagram.com/p/DD7_cIGp0jc/
postimg.cc/rKyRMSqr
instagram.com/udocdeppisch/
Udo Carsten Deppisch’s Instagram account skypex_official has existed since June 2024 with 123 posts and only 26 followers.
postimg.cc/648sfjdZ
instagram.com/skypex_official/
Udo probably knows where Dr Ruja is, he spent a lot of time in South Africa, he could keep his stolen Onecoin funds like Kenny Nordlund hiding in Dubai. It a miracle that both have not been heard by the FBI.
Udo joined Crowd1 twice, Kenny always kept Udo close, coincidence?
Udo traveled the world for Crowd1 while also recruiting for Mavie Global. It seems they rotate a victim sucker list around the globe.
Udo is in the top10 Global Ponzi scammers! But probably you will see soon a good Udo Skypex article at Ted’s BullShitFromHome catering the top10.
@john
That already happened on November 21, 2024. How much money did Ted Nuyten receive for this article?
postimg.cc/jwpcLwwY
businessforhome.org/2024/11/top-leader-udo-deppisch-launches-skypex/
businessforhome.org/companies/skypex/
Former OneCoin scammer Udo Carsten Deppisch has deleted his promotional videos for this scam, but I found one of these old videos on another YT channel.
youtube.com/watch?v=iQUIM3H_dPA
In this video from March 2016, Udo Carsten Deppisch presents himself with other OneCoin scammers. Here he laughs with Kari Wahlroos about all the idiots who have invested money in this scam:
postimg.cc/8FxqDCbx
Udo Carsten Deppisch and Aron Steinkeller:
postimg.cc/rdGP69KR
Udo Carsten Deppisch and Kari Wahlroos once again:
postimg.cc/QVzSyz0n
At the end of this short video, Udo Carsten Deppisch’s fraud portal ucd.money is shown:
postimg.cc/FfKLmrKb
German serial scammer Udo Carsten Deppisch was also involved in the Conligus scam of the Steinkeller Brothers.
Video from August 6, 2013.
postimg.cc/jnN6dc3p
youtube.com/watch?v=AcYU7qBnfQ8
Notice. The German YT channel REKRU-TIER has been dedicated solely to recruiting people for MLM and network marketing since 2012.
German serial scammer Udo Carsten Deppisch is launching a new campaign on January 15, 2025 to lure stupid and greedy people to his new scam portal. He uses his two YT channels for this, but the videos are identical.
youtu.be/4eP-hx0ueN0?t=3207
youtube.com/watch?v=XhmcCjPPTuI
postimg.cc/23HvP2r9
The last eight videos on his UCD Team channel had a total of 87 (!) views. 😀
postimg.cc/PpChNXvw
youtube.com/@UCDbiz/videos
The last eight videos on his Skypex Official channel had a total of 70 (!) views. 😀
postimg.cc/xX1Z9szk
youtube.com/@SkypexOfficial/videos
Can the self-proclaimed multimillionaire no longer lie and cheat successfully?
Oz wrote:
In his LinkedIn profile, Udo Carsten Deppisch confirms that he was a Crowd1 member from 2015 to August 2024. Nine years and eight months.
postimg.cc/BLwQJq4j
linkedin.com/in/udo-carsten-deppisch/
Specifically, this means that this bad fraudster was working for OneCoin and Crowd1 at the same time.
Announcement for an event on February 25, 2016 in Kuala Lumpur, Malaysia.
postimg.cc/XXVP9Tdz and postimg.cc/sBxXBnKQ
facebook.com/events/onecoin-presentation-with-mr-udo-deppisch/216012145416457/
His Facebook account Networkexperte is currently not available:
postimg.cc/bG73Wn2r
facebook.com/Networkexperte
His Facebook account UnlimitedCareerDevelopment is also currently unavailable:
facebook.com/UnlimitedCareerDevelopment/
In a short video from November 13, 2024 on X, it can be seen that Udo Carsten Deppisch is promoting Apex Group (apexgroup.com).
postimg.cc/SnMH1mny
Udo Carsten Deppisch was one of the speakers at an Apex Group event in Abu Dhabi on November 18 and 19, 2024.
postimg.cc/tnJM3b0G
x.com/udo_c
Udo Carsten Deppisch in front of a wall with the lettering APEX INVEST.
postimg.cc/zbtdXQyt
On March 6, 2021 the domain apexnetwork.co was privately registered and updated on July 13, 2024. I don’t know if this is another Apex Group website, but the logos on apexgroup.com and apexnetwork.co are clearly similar.
postimg.cc/yg1QKZTT
The visitor statistics of apexnetwork.co for September to November 2024 are led by Nigeria with 61.96%, followed by the United States with 16.09%, Canada and India with 7.66% and Germany with 3.55%.
postimg.cc/NL1MS2zn
Apex Group was mentioned repeatedly in this thread on March 19, 2020.
https://behindmlm.com/companies/onecoin/how-mark-scott-used-apex-group-to-launder-onecoin-funds/
Udo travels on a Dominica Diplomat passport!
I think he could help the FBI with OneCoin questions.
Source: masinthecemetery.com/2017/11/udo-know-another-one-of-skerrits-dodgy.html
@John
I can’t reach the website.
But you can still read the full article here:
web.archive.org/web/20240623053145/http://masinthecemetery.com/2017/11/udo-know-another-one-of-skerrits-dodgy.html
postimg.cc/LgBM26xp
That URL was working about an hour ago. I skimmed over it.
Addition to comment #4.
Udo Carsten Deppisch privately registered the domain ucd.money for the OneCoin scam on March 11, 2015. This ucd.money scam portal is currently not accessible, although he updated the domain registration on October 29, 2024.
postimg.cc/94mDp8hx
Advertisement for the OneCoin scam on ucd.money in February 2017.
postimg.cc/RqZHbsZN
web.archive.org/web/20170209054634/http://ucd.money/?portfolios=wealthcode
This video from December 25, 2015 was linked to on the YT channel Wealth Code by Udo Carsten Deppisch.
postimg.cc/V0v4fz9h
youtu.be/Z_2wPsNdn9c
The YT channel Wealth Code contains only three videos and had only 43 subscribers. No more videos have been uploaded since December 2015.
postimg.cc/wt3BQPVp
youtube.com/@wealthcode1645
Deppisch was also a favourite speaker at PLC Ultima (PLCU) by Alex Reinhardt ! There are plenty of flyers, photos and videos to prove it
Addition to comment #1.
German serial scammer Udo Carsten Deppisch has revised his website unlimitedcareerdevelopment.biz. In the contact details he gives an incomplete email address. Doesn’t he want to be contacted by email?
postimg.cc/w3VpSs8W
unlimitedcareerdevelopment.biz/#contact
On BullshitForHome, this scammer has been listed as a Recommended Distributor by Ted Nuyten since March 2024.
postimg.cc/CB7Q6kBk
businessforhome.org/recommended-distributor/udo-carsten-deppisch/
The link to facebook.com/Networkexperte is still not working.
We’ve had company-branded mugs before, we’ve had company-branded flags before, but I think making a company-branded necklace for your commodities-fraud possible-Ponzi is a new level.
Boris CEOs everywhere will have to step up their games now!
Unfortunately Udo is just ripping off OneCoin. A few of the Scandinavian old farts thought walking around with OneCoin necklaces was cool.
Udo was one of them and his new Skypex necklace is the Temu version of OneCoin swag.