SportArb provide a UK Companies House registration certificate on their website, which reveals Sport Arbitrage LTD was incorporated in August, 2016.

An office address in Birmingham is provided in SportArb’s incorporation documents. Further research reveals this to a suite of offices, with the same address belonging to over three hundred businesses.

Four executives are named on the SportArb website; Ronald Wald (CEO), Sid Clive (Senior IT Engineer), Mitch Stew (customer service) and Andres Martin (trader).

The SportArb website domain (“sportarb.com”) was registered in August, 2016 by Wald.

A LinkedIn profile is provided for each SportArb executive. They all seem pretty suspicious though, with only Sport Arbitrage LTD listed under “experience”.

If it were possible to see when LinkedIn profiles were created, I wouldn’t be surprised to find all four were created on or around the same date.

Outside of SportArb, none of the named executives appear to exist.

Suggesting whoever created the SportArb executive profiles might have slipped up, I found one discrepancy in the company’s corporate filings.

Ronald Wald’s LinkedIn profile his location as Dresden Area, Germany. In SportArb’s incorporation filings Wald’s nationality is “British” and through a London residential address, his stated country of residence is the UK.

This isn’t definitive by any means but when combined with the complete lack of information available about any of SportArb’s named executives, is highly suspicious.

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.

SportArb Products

SportArb has no retailable products or services, with affiliates only able to market SportArb affiliate membership itself.

The SportArb Compensation Plan

The SportArb compensation plan sees affiliates invest bitcoin on the promise of a daily ROI payout. SportArb state on their website they generate a weekly ROI of up to 10%.

Up to 90% of the daily ROI rate is paid out, based on how long a SportArb affiliate invests their money for:

  • Beginner ($25 to $499) – 60% of daily ROI rate paid out, funds are invested for 30 days
  • Starter ($500 to $999) – 65% of daily ROI rate paid out, funds are invested for 45 days
  • Basic ($1000 to $2499) – 70% of daily ROI rate paid out, funds are invested for 60 days
  • Advanced ($2500 to $4999) – 75% of daily ROI rate paid out, funds are invested for 75 days
  • Expert ($5000 to $24,499) – 80% of daily ROI rate paid out, funds are invested for 90 days
  • Partner ($25,000 to $100,000) – 90% of daily ROI rate paid out, funds are invested for 120 days

Residual Commissions

SportArb pay 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.

SportArb cap payable unilevel levels at four, with commissions paid out as a percentage of funds invested:

  • level 1 (personally recruited affiliates) – 7%
  • level 2 – 3%
  • levels 3 and 4 – 1%

SportArb affiliates who are likely to recruit affiliates who invest large sums of money can apply to become “Representatives”.

SportArb Representative affiliates receive an increased residual commission rate:

  • 12% on level 1
  • 5% on level 2
  • 2% on level 3 and
  • 1% on level 4

Joining SportArb

SportArb affiliate membership is free, however affiliates must invest at least $25 USD in bitcoin to participate in the attached income opportunity.

The more a SportArb affiliate invests, the higher their income potential through the SportArb compensation plan.

Conclusion

If I can cut to the chase, the two prime pieces of information you need to determine the legitimacy of SportArb are provided in the company FAQ.

The first sees SportArb fail the Ponzi sniff test.

For how many years have you been functional?

In January 2017, SportArb platform was opened to public. Key traders were working since 2013. Administration was hired in the middle of 2016 to prepare to start accepting investments from individuals.

The platform opened an online portal at the beginning of 2017 after over 3 years of successful trading offline, and now we have started our next stage of expansion which is aimed to create a the long-term investment pool.

Putting aside the fact that the above was clearly not written by a native English speaker, you mean to tell me SportArb’s owners have been generating a weekly ROI of up to 10% for four years?

They should be bajillionaires by now, so why on Earth would they start up a dubious investment opportunity?

But OK, even if we take SportArb’s ridiculous earning claims at face value, surely the results are verifiable?

Can you provide confirmation of your investment records and results?

This data is not revealed to the public as it is considered a business secret.

Riiiiiiiight.

The only business secret SportArb’s admins are keeping from investors is that they’re using newly invested funds to pay off existing investors. That of course makes SportArb a Ponzi scheme.

The residual commissions paid out are tied to affiliate recruitment, which adds an additional layer to the scheme.

Alexa currently existimate that the US makes up a third of of traffic to the SportArb website.

Neither “SportArb” or Sports Arbitrage LTD” appears in the SEC’s Edgar database, meaning SportArb are committing securities fraud in the US.

Even if you drink the Ponzi Kool-Aid, that SportArb are running an investment opportunity is indisputable.

As with all Ponzi schemes, once affiliate investment dries up SportArb will be unable to meet its ROI obligations.

30 days is currently the smallest maturity period offered, so once affiliate recruitment dies down one or two monthly cycles will likely bring on a collapse.

Unfortunately for most SportArb affiliates by then it will be too late, with the anonymous admins having already done a runner.