Super 6 Group Review: Crypto pyramid Ponzi funnel
Super 6 Group has a bit of a branding problem.
The company goes by Super 6 Group but names its current MLM opportunities Speedway 7 and Speedway 16 respectively:
Another company name, Speedway Group, fits in somewhere. To keep things simple this review refers to all of the above companies as Super 6 Group.
Super 6 Group marketing videos cite “Dr. Stefan Pienaar” as founder and CEO of the company. In the marketing videos Pienaar has a distinct South African accent.
Pienaar (right) appears to have a long history within the MLM underbelly.
A 2010 marketing spam piece pushing Dynamic Travel Network cites Pienaar as the developer behind the company.
Dynamic Travel Network was a travel niche MLM pyramid scheme.
At the time, Pienaar was credited with already having “23 years experience in network marketing”.
Circa mid 2017 Pienaar headed up Crypto Wealth, a bitcoin gifting scheme.
As of March 2019, Pienaar was CEO of Global Rewards Program International.
Global Rewards Program International appears to be some sort of ecommerce scheme. As I write this the company’s website is still up.
Alexa traffic estimates however are unranked, suggesting Global Rewards Program International has collapsed.
During his Global Rewards Program International stint, Pienaar was purportedly based out of India.
Promotion of Super 6 Group began about two months ago.
Read on for a full review of Super 6 Group’s MLM opportunity.
Super 6 Group’s Products
Super 6 Group has no retailable products or services, with affiliates only able to market Super 6 Group affiliate membership itself.
Super 6 Group’s Compensation Plan
Super 6 Group runs two pyramid schemes under the names Speedway 7 and Speedway 16.
Speedway 7 positions cost $7.20 and run through a three-tier 4×5 matrix pyramid scheme.
A 4×5 matrix places an affiliate at the top of a matrix, with four positions directly under them.
These four positions make up the first level of the matrix. The second level of the matrix is generated by splitting these four positions into another four positions each (16 positions).
Levels three to five are generated in the same manner, with each new level housing four times as many positions are the previous level.
Recruitment commissions are paid as positions in the Speedway 7 matrix are filled.
Positions in the matrix are filled when newly recruited Super 6 Group affiliates purchase positions.
Recruitment commissions paid across the first Speedway 7 tier matrix are as follows:
- level 1 (4 positions) – $1 per position filled ($4 total)
- level 2 (16 positions) – $1 per position filled ($16 total)
- level 3 (64 positions) – $1 per position filled ($64 total)
- level 4 (256 positions) – $2 per position filled ($512 total)
- level 5 (1024 positions) – $2 per position filled ($2048 total)
Of the $2644 generated by filling a Speedway 7 matrix, only $710 is paid out. The rest goes towards fees, entry into Block 2 and creation of fifteen new Speedway 7 matrix positions.
Speedway 7’s second tier matrix generates $135,400, of which $75,520 is kept.
The third tier generates $305,360, of which $201,948 is kept. Filling a Speedway 7 tier matrix also generates twenty-one new Speedway 16 matrix positions.
Speedway 16 uses the same three-tier 4×5 matrix structure as Speedway 7 (see above).
Speedway 16 positions cost $16.20, or are obtained by cycling out of Speedway 7’s third matrix tier.
Commissions paid across Speedway 16’s first matrix tier are $7260, of which $4038 is kept. Filling the first Speedway 16 matrix generates four new Speedway 16 matrix positions.
Commissions paid across Speedway 16’s second matrix tier are $373,920, of which $246,336 is kept.
Commissions paid out across Speedway 16’s third matrix tier are $1,002,200, of which $745,760 is kept.
Joining Super 6 Group
Super 6 Group affiliate membership is free.
Participation in the attached income opportunity requires the purchase of a $7.20 Speedway 7 position and/or $16.20 Speedway 16 position.
Super 6 Group affiliates are actively encouraged to purchase multiple positions:
Note that although Super 6 Group quote commissions and fees in USD, all deposits and payouts are made in bitcoin.
Super 6 Group is a multi-tier pyramid scheme. It will primarily benefit owner Stefan Pienaar, those who get in early and/or top recruiters.
Every cycle through Super 6 Group’s two matrix tiers nets Pienaar $365,157 in admin fees.
That’s on top of what he makes through preloaded admin positions.
Attached to Super 6 Group’s pyramid scheme is a fraudulent investment opportunity, through which funds are funneled into as part of the pyramid scheme:
Pienaar doesn’t disclose specifics of where these funds are supposedly invested.
We’ve got a third-party that we’ve also introduced for the members, that we will invest for you in that company.
It’s crypto products, and we will, in the next four years see how your products will grow there through bitcoin mining.
A significant amount of money collected is also funneled into something called the “Million Dollar Plan”. Again, specifics are not disclosed.
With respect to the bitcoin mining opportunity, a cached copy of Super 6 Group’s “team page” reveals it’s likely to be Mining City.
The above screenshot is from a June 6th cache. Super 6 Group has since removed any mention of Bertus and Christa van Jaarsveld from their website.
As above, Bertus is credited as Super 6 Group’s CEO. Christa is credited as a Director of Mining City.
It should come as no surprise that Bertus and Christa van Jaarsveld were prominent South African BitClub Network promoters.
So in addition to running a pyramid scheme, Super 6 Group is committing securities fraud by funneling funds into Mining City.
As with all MLM pyramid schemes, once recruitment dies down so too will commissions paid out.
When recruitment has died down such that enough matrices have stalled, Super 6 Group will collapse.
Being a matrix-based scheme, Pienaar’s final act of thievery will see him keep funds trapped in stalled matrices.
The math behind pyramid schemes guarantees that in order for Pienaar and a handful of top affiliates to make money, the majority of Super 6 Group affiliates must lose money.