Strike7 Review: 280% “investment professionals” ROI in 40 days
Strike7 provide no information on their website about who owns or runs the business.
Not sure what the story is, but the Strike7 “About Us” website page appears to be copy and pasted from multiple sources.
After claiming to have “been providing quality finance-related services to legal entities and individuals since 1996”, a UK incorporation number for “SpiderCoin Limited” is provided.
No explanation as to what SpiderCoin has to do with Strike7 is provided.
Furthermore if you look up the provided UK incorporation number, it corresponds not to SpiderCoin Limited but to Profit-I-Need Limited.
Profit-I-Need Limited was incorporated on October 17th, 2017.
The address used to incorporate Profit-I-Need belongs to a coffee shop in Manchester, which as far as I can tell has nothing to do with Strike7, SpiderCoin or Profit-I-Need.
“Todd Russell” is listed as the sole Director of Profit-I-Need. Given the generic nature of the name and lack of information tying Russell to Strike7, it’s a safe bet the whole incorporation is bogus.
UK incorporation is trivial and cheap to set up. There’s little to no verification of submitted details making them a favorite for scammers (particularly those operating out of Europe and India).
The Strike7 website domain (“strike7.io”) was only registered a few weeks ago on November 11th, 2017.
Put all of this together and it’s clear Strike7 hasn’t been around since 1996. The company is being operated by person(s) unknown from who knows where.
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.
Strike7 has no retailable products or services, with affiliates only able to market Strike7 affiliate membership itself.
The Strike7 Compensation Plan
Strike7 affiliates invest $20 to $10,000 in bitcoin on the promise of a 7% daily ROI for 40 days (280%).
Referral commissions are available on funds invested by downline affiliates, paid out down three levels of recruitment:
- 8% on level 1 (personally recruited affiliates)
- 5% on level 2 and
- 3% on level 3
Strike7 affiliate membership is free.
Full participation in the Strike7 income opportunity however requires a minimum $10 investment.
The ruse behind Strike7’s 40 day ROI is “investment professionals from advanced computer technology to engineering”.
That is verbatim the only explanation Strike7 offer up, despite it making no sense.
I guess what the admin is trying to say is that these “investment professional” invest affiliate funds, which generates ROI revenue.
This however fails the Ponzi logic test.
If the Strike7 admin, who is clearly not a native English speaker, was able to legitimately generate a 280% ROI every 40 days (that’s 2555% annually without compounding), even a small capital amount would soon turn into a fortune.
There’d be absolutely no reason to solicit money from randoms over the internet, yet here we are.
The reality of Strike7 is that new affiliate investment is the only verifiable source of revenue entering the company.
The use of new investment to pay affiliates a ROI makes Strike7 a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dries up so too will new funds.
This will starve Strike7 of revenue, leaving it unable to meet its ROI obligations.
Given that a lot of the Strike7 website isn’t working, I’d wager it’s been set up as a 40 day hit and run.
That is you invest and lose your money within 40 days.