Statum Global Review: Green tech Ponzi with crypto exit-scam
Statum Global operates in the MLM cryptocurrency niche and appears to be based out Hong Kong, at least on paper.
Incorporation documents provided on the Status Global website represent Status Global Limited was incorporated in Hong Kong on October 12th, 2018.
Eathan Cheng is cited as founder of the company and is apparently ‘already a successful entrepreneur in the cryptocurrency business field‘.
Naturally there’s no digital footprint for Cheng, whose name only appears on the internet in relation to Statum Global.
Certainly odd for an already succesful cryptocurrency entrepreneur. My guess is Cheng, as represented on the Statum Global website doesn’t exist.
The Statum Global website domain was registered on August 13th, 2018, through what appears to be a bogus address in Tibet.
Despite Statum Global claiming Eathan Cheng runs the company as a “family business in the PRC”, Alexa cites Italy (23%), Russia (17%) and the Netherlands as the top three sources of traffiuc to the Statum Global website.
Whoever is actually running Statum Global is likely living in or at the very least from one of these three countries.
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.
Statum Global Products
Statum Global has no retailable products or services, with affiliates only able to market Statum Global affiliate membership itself.
The Statum Global Compensation Plan
Statum Global affiliates invest funds on the promise of an advertised ROI:
- Mining – invest $10 to $200 and receive a 122.5% ROI after 15 days
- Eco Business – invest $200 to $1000 and receive a 133% ROI after 30 days
- Premium – invest $1001 to $5000 and receive a 178% ROI after 60 days
- Renewable Energy – invest $1000 to $5000 and receive a 150% ROI after 60 days
Statum Global pays referral commission 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.
Statum Global caps payable unilevel team levels at fifteen.
Referral commissions are paid as a percentage of funds invested across these fifteen levels as follows:
- base referral rate – 7% on level 1 (personally recruited affiliates), 3% on level 2 and 1% on level 3
- First Status (invest at least $500 and convince others to invest at least $10,000) – 7% on level 1, 4% on level 2, 2% on level 3 and 1% on levels 4 and 5
- Second Status (invest at least $1500 and convince others to invest at least $40,000) – 8% on level 1, 4% on level 2, 2% on level 3, 1% on levels 4 and 5 and 0.1% on level 6 and 7
- Third Status (invest at least $3500 and convince others to invest at least $100,000) – 8% on level 1, 4% on level 2, 2% on levels 3 and 4, 1% on levels 5 and 6, 0.5% on level 7 and 0.1% on levels 8 and 9
- Fourth Status (invest at least $7000 and convince others to invest at least $300,000 – 9% on level 1, 5% on level 2, 2% on levels 3 and 4, 1% on levels 5 and 6, 0.5% on levels 7 and 8 and 0.1% on levels 9 and 10
- Fifth Status (invest at least $7000 and convince others to invest at least $300,000) – 9% on level 1, 5% on level 2, 3% on level 3, 2% on levels 4 and 5, 1% on levels 6 and 7, 0.5% on level 8 and 0.1% on levels 9 to 11
- Sixth Status (invest at least $20,000 and convince others to invest at least $1,500,000) – 9% on level 1, 5% on level 2, 3% on level 3, 2% on levels 4 and 5, 1% on levels 6 and 7a and 0.5% on levels 8 to 12
- Seventh Status (invest at least $50,000 and convince others to invest at least $5,000,000) – 10% on level 1, 5% on level 2, 3% on level 3, 2% on levels 4 and 5, 1% on levels 6 and 7 and 0.5% on levels 8 to 14
- Eighth Status (invest at least $100,000 and convince others to invest at least $15,000,000) – 10% on level 1, 5% on level 2, 3% on level 3, 2% on levels 4 and 5, 1% on levels 6 and 7 and 0.5% on levels 8 to 15
Leader Bonuses are one-time bonuses awarded to Statum Global affiliates who meet referral “status” qualification criteria (as set out above):
- qualify at the First Status tier and receive a $100 Leader Bonus
- qualify at the Second Status tier and receive a $500 Leader Bonus
- qualify at the Third Status tier and receive a $1000 Leader Bonus
- qualify at the Fourth Status tier and receive a $2500 Leader Bonus
- qualify at the Fifth Status tier and receive a $5000 Leader Bonus
- qualify at the Sixth Status tier and receive a $10,000 Leader Bonus
- qualify at the Seventh Status tier and receive a $30,000 Leader Bonus
- qualify at the Eighth Status tier and receive a $250,000 Leader Bonus
Joining Statum Global
Statum Global affiliate membership appears to be free.
In order to participate in the attached income opportunity however a minimum $10 investment is required (min $500 for MLM commissions).
Statum Global claims to generate external ROI revenue through
eco-farms, financing programs for the production of honey, cereals and other agricultural products grown with “green” technology.
Also, Statum Global is the owner of high-tech greenhouses using renewable energy sources and economic programs aimed at creating large agricultural complexes, whose commercial activities are focused on using renewable and environmentally friendly energy sources and applying modern, prudent and gentle water technologies.
Naturally there’s no verifiable evidence provided for any of Statum Global’s claims.
Nor is Statum Global registered to offer securities in any jurisdiction it operates in.
Furthermore Statum Global’s claims fail the Ponzi logic test.
If the company already has all of this infrastructure in place, such that they can legitimately generate a consistent return of 178% every 60 days, why does Status Global need your money?
Logical conclusion? Along with “Eathan Cheng”, Statum Global’s claims are entirely fictional.
The only verifiable source of revenue entering Statum Global is new affiliate investment.
The use of new investment to pay existing affiliates a ROI makes Statum Global a Ponzi scheme. Payment of commissions on new investment adds an additional pyramid layer to the scheme.
As with all Ponzi schemes, once affiliate recruitment dies down so too will new invetsment.
This will starve Statum Global of ROI revenue, eventually prompting a collapse.
In Statum Global’s marketing material the company references its own cryptocurrency:
In addition, the company’s cryptocurrency statum global coin takes part in the investment process.
The status of Statum Global Coin is currently unknown. Typically an MLM company will launch an ICO to wash itself of ROI liabilities.
Generated tokens/coins are generated at little to no cost and are then dumped on gullible investors.
The company creates an internal exchange for affiliates to sell to each other through, before doing a runner when the internal value of the token/coin inevitably dumps to $0.
Actual money invested remains in the hands of the scammers behind the scheme. Investors are left bagholding worthless tokens/coins.
Having announced plans to launch their own token/coin, expect Statum Global’s collapse shortly after it announced ROI withdrawals will only be paid in Statum Global Coin.