Suponic Global Review: SGC Ponzi points scheme
Suponic Global provides no information on their website about who owns or runs the company.
In fact as I write this, Suponic Global’s website is just an affiliate login form.
Languages offered on Suponic Global’s website are English, Korean, Japanese and Chinese, suggesting a focus on Asia.
Appearances can be deceiving however, with further research revealing Suponic Global is run by US residents.
At the time of publication Alexa pegs the US as the largest source of traffic to Suponic Global’s website (72%).
One official Suponic Global marketing video is marketed by “Francis from Southern California”. And here’s a list of names provided in scripts Suponic Global provides to affiliates:
Jay was too broad a name for me to pin down. As per a video uploaded recently by serial scam promoter Ryan Conley, “Jacques” and “AC” refers to Jacques Johnson and AC Green.
AC Green is a retired basketball player. Jacques Johnson is credited as Suponic Global’s CEO.
“Elmer” refers to Elmer Dugaduga, who hosts Suponic Global webinars. “Robert” is supposedly Robert Horry, another retired athlete. I wasn’t able to turn up anything concrete on the other names.
Finally, Suponic Global is also using a Bank of America account to solicit investment through (see review conclusion for more info).
Prior to its current iteration, Suponic Global operated simply as “Suponic”. Marketing videos on the company’s website date back to January 2019.
One video depicts a Suponic presentation somewhere in Asia. This explains the company’s apparent Asian roots.
It also suggests the first iteration of Suponic failed, prompting the Suponic Global reboot we’re reviewing today.
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.
Suponic Global’s Compensation Plan
Suponic Global affiliates invest in SPG tokens on the promise of daily returns:
- SPG1 – invest $100 and receive 250 SPG
- SPG2 – invest $500 and receive 1250 SPG
- SPG3 – invest $1000 and receive 2500 SPG
- SPG4 – invest $5000 and receive 12,500 SPG
- SPG5 – invest $10,000 and receive 25,000 SPG
Returns are paid in SPG tokens.
An additional 5% in SPG tokens is given but these have to be used within Suponic Global’s apps.
Referral Commissions
Referral commissions are paid as a percentage of funds invested by personally recruited affiliates.
Suponic Global affiliates receive referral commissions based on how much they themselves invested when they signed up:
- invest at SPG1 and receive a 5% referral commission rate
- invest at SPG2 and receive a 6% referral commission rate
- invest at SPG3 and receive a 7% referral commission rate
- invest at SPG4 and receive an 8% referral commission rate
- invest at SPG5 and receive a 10% referral commission rate
Residual Commissions
Suponic Global 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.
To qualify for residual commissions, each Suponic Global affiliate must recruit two investing affiliates (placed on on each side of the binary team).
At the end of each day Suponic Global tallies up new investment volume across the binary team.
Affiliates are paid a percentage of volume generated on their weaker binary team side:
- invest at SPG1 and receive a 6% residual commission rate, capped at $300 a day
- invest at SPG2 and receive a 7% residual commission rate, capped at $1000 a day
- invest at SPG3 and receive an 8% residual commission rate, capped at $2000 a day
- invest at SPG4 and receive a 9% residual commission rate, capped at $5000 a day
- invest at SPG5 and receive a 10% residual commission rate, capped at $10,000 a day
Matching Bonus
The Matching Bonus is paid as a percentage of residual commissions earned by downline affiliates.
Suponic Global pays the Matching Bonus 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.
The Matching Bonus is capped at thirty unilevel team levels.
How many levels the Matching Bonus is paid on is determined by how much a Suponic Global affiliate has invested:
- invest at SPG1 and receive a 1% match across levels 1 to 5
- invest at SPG2 and receive a 1% match across level 1 to 5 and 0.75% across levels 6 to 10
- invest at SPG3 and receive a 1% match across levels 1 to 5, 0.75% across levels 6 to 10 and 0.5% across levels 11 to 15
- invest at SPG4 and receive a 1% match across levels 1 to 5, 0.75% across levels 6 to 10, 0.5% across levels 11 to 15 and 0.25% across levels levels 16 to 20
- invest at SPG5 and receive a 1% match across levels 1 to 5, 0.75% across levels 6 to 10, 0.5% across levels 11 to 15, 0.25% across levels 16 to 20 and 0.1% across levels 21 to 30
Suponic Global requires affiliates to engage with their app daily to qualify for the Matching Bonus.
SPG Investment Bonus
Suponic Global rewards affiliates with an SPG token bonus when unilevel team affiliates invest in additional SPG tokens.
- SPG1 tier affiliates receive a 2% bonus on SPG token investment across levels 1 to 5
- SPG2 tier affiliates receive a 2% bonus on SPG token investment across levels 1 to 10
- SPG3 tier affiliates receive a 2% bonus on SPG token investment across levels 1 to 15
- SPG4 tier affiliates receive a 2% bonus on SPG token investment across levels 1 to 20
- SPG5 tier affiliates receive a 2% bonus on SPG token investment across levels 1 to 25
This bonus effectively functions as an autoship commission.
Suponic Global affiliates are required to invest $100 in SPG tokens each month to qualify. The bonus is paid on unilevel team affiliates who do the same.
Global Pool Bonus
Suponc Global takes 4% of company-wide revenue and places it into four separate Global Pools.
Suponic Global affiliates can earn a share in these pools based on the following qualification criteria:
- Pro-Gamer – earn $20,001 in accumulated residual commissions and receive a share in a 1% Global Pool
- Elite-Gamer – earn $100,001 in accumulated residual commissions and receive a share in a 1% Global Pool
- Exec-Gamer – earn $500,001 in accumulated residual commissions and receive a share in a 0.5% Global Pool
- Master-Gamer – earn $1,000,001 in accumulated residual commissions and receive a share in a 0.5% Global Pool
Joining Suponic Global
Suponic Global affiliate membership is tied to an initial $100 to $10,000 investment.
- SPG1 – $100
- SPG2 – $500
- SPG3 – $1000
- SPG4 – $5000
- SPG5 – $10,000
The more an affiliate invests the higher their income potential via Suponic Global’s compensation plan.
In order to qualify for all commissions and bonuses offered, Suponic Global affiliates must continue to invest at least $100 a month.
Investment into Suponic Global is made via bank transfer or bitcoin.
Conclusion
Suponic Global’s SGC token is yet another entry into the MLM Ponzi points niche.
SGC is worthless outside of Suponic Global, and exists solely for the company to commit securities fraud through.
Suponic Global’s admins create SGC tokens on demand at little to no cost. The scam involves selling them to gullible investors under the guise on the pitch of future profits.
The ruse behind Suponic Global is mobile games. To that end the company has set up a “me too” game platform that nobody outside of Suponic Global will ever use.
The game featured in Suponic Global’s marketing material is Ink Wars. Ink Wars is developed by Media Hive Ltd and is already available stand-alone for Android.
Why would you waste your time playing it through Suponic Global? Well, you wouldn’t.
Suponic Global’s marketing material references betting a bit, suggesting behind the “family friendly” apps there’s gambling apps offered.
This is what SGC is hitched to, creating a gambling platform that again nobody outside of Suponic Global is ever going to use.
The gist of Suponic Global’s compensation plan is recycling invested funds through SGC tokens.
You sign up and invest in SGC tokens. How much you invest directly impacts your income potential, which is already a play to play regulatory red flag.
Then you recruit others who do the same, for the purpose of acquiring more SGC tokens.
If waiting around for “dividend” returns is too slow for you, you can pay $100 a month and collect commissions on those recruited under you who do the same.
None of this is of course legal, both by way of securities fraud and Suponic Global operating as a Ponzi scheme. Suponic Global is not registered to offer securities in any country.
It’s worth noting that in these early stages, Suponic Global is laundering invested funds Bank of America:
Master & S Inc. appears to be a shell company. The address used to create the account returns multiple businesses, suggesting it’s virtual.
There is a Richard Pyo on social media from California, but I’m not sure if it’s the same guy laundering money for Suponic Global.
In any event filed SARs can’t be too far behind.
Getting back to Suponic Gobal, the Ponzi element comes into play when affiliates cash out SGC tokens through an internal exchange.
Withdrawal requests are paid from funds invested into SGC tokens, creating a closed-loop flow of money within the company.
SGC’s internal value is set by Suponic Global. The company will pay withdrawal requests as long as new funds are invested, failing which cue withdrawal delays and the usual excuses.
Another possibility is dumping SGC on a few dodgy exchanges to pull the exchange exit-scam.
Either way, as an Suponic Global affiliate bagholding worthless SGC tokens, you’re screwed.
Math guarantees that the majority of investors in a Ponzi scheme lose money. Suponic Global won’t play out any different.
Bonus content! (warning: cringe level is over 9000)
This is a great site. Since 99% of mlms are ponzi schemes, the chances are, they are 99% right. Except for the 1%, which is where Suponic is. (Ozedit: derail removed)
On a more serious note here’s my input:
1. In the full list of what makes MLM risky, Suponic was completely the opposite. They are not a pyramid. Pyramids have a strong reliance on paying people off from new sign ups.
New Skin and Amway have a positive image simply because they have retail sectors which also contributes to their revenue pool. Basically they won’t be leaving a large pool of unpaid participators who deserves commission.
Suponic on the other hand has a 1:30 ratio, meaning their expected retail gamer model exceeds the revenue stream of the distributors. And unlike most ICOs which sells dreams and visions, Suponic has demonstrated technologies that work right now.
Suponic is a platform for competitive gaming with APIs which allow gaming companies to implement their games onto. Already there are large number of developers who has started implementing their games. Don’t take my word for it, look at their facebook page!
2. We are dealing with crytocurrency, a space where SEC has not endorsed a single company to date. As such profiling can make companies a target.
Also it means Suponic doesn’t boast on past performances and single out individual persons of calibre to appeal to the mass, they focus on substance by demonstrating blockchain technologies, real blockchain coins, wallet, exchanges and collaborating with banks under full KYC, ISO, ISMS and AML to prevent terrorists and hackers from entering their scene.
3. Alexa works best in the USA. Of course it shows USA as the largest visitors on a site which is scheduled to be launched in July. Take a look at Suponic.com which is the corporate site. Alexa doesn’t even work there!
4. Suponic coins are scheduled to be traded on a publicly traded exchange. Their business model allows retail gamers to earn money playing skill based games, where games are connected directly to the exchange solving the problems of liquidity.
Unlike most coins which relies on percieved values and false coin trading patterns created by the coin creators, Suponic is completely decentralized with liquidity pools create organically.
Also they burn 15% of the wagering transaction fees which naturally creates a decrease in supply admist increasing demand. Their business model requires a nobel peace award.
5. Suponic’s system is not play to win. Games are free to play, entry to become a distributor is minimal. There is no monthly fees, and to escalate to higher earnings, users can simply upgrade their system points to the next level.
Bottom line Suponic has kept their promises, the model is not pay to win, their quality of games is excellent, they have strong inhouse R&D , and they have produced genuine content with products of high demand.
Their Esport reality TV series in is highly regarded broad casted on national televisions, and they are working with school districts to provide wholesome activities for children.
Master & S are legitimate cryptocurrency brokers with a registered tax paying business. I used them before.
It seems whoever created that form was trying to help newbies get assistance. It seems the form was created by one of the distributors who slapped on Suponic’s logo.
By the way whoever wrote this article, it’s illegal to post private information. It will get you into legal disputes since it’s defamatory in nature.
It’s like me posting your and your company address and addressing you as a fake ponzi scheme creator who is trying to rob grannies of their pennies. It’s simply not true.
@David
100% of commissions Suponic Global pays out is tied to recruitment. There’s no retail within the company, of course it’s a pyramid scheme.
Unless you can provide audited accounting filed with the SEC showing external revenue, the only verifiable revenue Suponic Global has is new investment.
The SEC have never endorsed any company, ever. Your lack of understanding of securities regulation is obvious.
Alexa shows the majority of Suponic Global traffic is from the US because it is. It’s an estimate, but 70%+ is convincing.
The reason the other sites aren’t tracked is because their dead. Suponics’ 2018/2019 launch was a flop.
Public exchange exit-scam then? Nice.
Correct, it’s pay to win. Pay more, earn more. Hallmark of a pyramid scheme.
Suponic Global is a simple Ponzi points scheme. Has nothing to do with esports or gaming, that’s just the ruse wrapper.
They’ll keep their “promise” and pay you as long as new investment rolls in. That’s how Ponzi scheme’s “work”, until they don’t.
The form is available from one of Suponic Global’s websites and appears to be an official corporate document.
Publicly available informaton on a public-facing website isn’t private.
Also first and last warning, attempt to comment under a different name = spambin.
Oz, (Ozedit: derail removed)
Retail:
If you go to Ink Wars, you can actually buy SGC coins at retail for a dollar per coin.
Your statements are based on ego trying to prove a point. You have no idea what their revenue is and you’re making a bunch of assumptions.
Alex:
It states on their websites about their limited geos.
Suponic launch was not a flop. Did you even look at their meet up videos? it’s epic scale. You can’t call a business a scam without even understanding the business model.
Sec Endorsement:
As for SEC not having endorsed any company, you’re stating exactly what Dave said. Read it again, slowly.
His point is it makes no sense for any crypto currency companies to reveal information that can make them a target.
(Ozedit: derail removed)
Take a look at the articles written by PWC. These guys are a freakin genius!
Your tactics on trying to defame a company first, until proven later is just a cheapshot.
Deal with facts and figures and maybe you’ll get more readers.
Cool. Has nothing to do with the MLM opportunity.
Companies offering securities have to provide audited financial reports to the SEC. Any that don’t are committing securities fraud.
What I do know is the only verifiable source of revenue entering Suponic Global is new invesmtent.
Yet there’s no traffic to Suponic’s original website and here we are over a year later with a new name and Ponzi points.
Dave mentioned SEC endorsement with respect to cryptocurrency companies. I pointed out the SEC have never endorsed any company in its entire history.
How about you go back and read what I wrote, slowly.
Yes, committing securities fraud makes you a target of the SEC. In other news the sky is blue.
Solicit investment in worthless SGC Ponzi points. Pay pyramid commissions on recruitment of new investors. Pay ROI withdrawals using invested funds through an internal exchange.
Suponic Global is no different to the Ponzi points schemes that came before it.
Suponic Global is running a basic Ponzi points scheme. They’re committing securities fraud to boot.
You don’t need to wait for regulatory action to confirm that.
Oz, I think you must sometimes feel like you’re reliving the movie “Groundhog Day.” Every “new opportunity” is some minor variation on an old theme, the scammers rock up with weak-sauce arguments as to why THIS one is different, and how dumb you’re going to feel when they come back in a year waving their fat bank statement under your nose.
Then they disappear, but don’t worry, here comes another one backing some other cookie-cutter scheme with the same weak sauce, and here we go again…
I just have to ask you, does your clock radio wake you up at 6 each morning midway through “I Got You, Babe” by Sonny & Cher?
“Sooo put your little hand in mine,
There ain’t no hill or mountain we can’t climb…”
I sure hope you saw that movie, otherwise none of this will make any sense. But what I really want to say is: Keep up the good work!
Over two years later. The first Suponic launch happened in April 2018, according to what can be found here:
bitcointalk.org/index.php?topic=3350800.0
According to that initial promo message, posted April 19, 2018, they sold something called Suponic Tokens from April 14 to May 14, doe $2 each, which would then magically become Suponic Coins on August 15. But an exchange allowing for the “public, active trading” of Suponic Coins would already be open from May 20.
There is no mention of gaming whatsoever. In fact, there doesn’t seem to be a mention of anything other than “it’s a cryptocurrency!”
Unless of course that was a different Suponic, and someone reused the name and logo of an earlier collapsed shitcoin.
Endorse is one of those words that can be its own antonym, like cleave and cleave. Or sanction and sanction which even has the same dual meaning.
The “censure” sense of “endorse” is much less common than “approve”, but is still in the dictionary. (In the UK it’s most well known to bad drivers, as the Government “endorses” your licence if you commit driving offences. “Penalty points” are officially known as endorsements.)
I think Johnson was ineptly trying to say that the SEC hadn’t *prosecuted* a single cryptocurrency company.
(Inept because if you use an ambiguous term where you had the choice of a clear one, that’s you being an idiot, not the reader who guesses wrong. “The Government endorsed my licence” is fine because it’s not ambiguous – in the context, “approve” would make no sense. Johnson however wasn’t using the word in a sentence where the correct meaning was obvious from context.
This is an example of what happens when stupid people done try to talk like clever people with long wordilations and stuff.)
I think that’s still bollocks (didn’t the SEC act on BitConnect and USI-Tech?) but can’t be bothered to look it up.
Hah, I wish.
I know it can feel repetitive when the scammers trot out literally clones of each other but I look at as informing the silent majority. For every scammer we get on here defending a scam there’s thousands who read our reviews and don’t leave a comment.
Thanks for the support!
@PassingBy
If it’s two years then it’s pretty obvious what’s going on here. They’ve onboarded Asian investors, scammed them for all their worth and are now looking at stealing what they can from outside of Asia.
In a nutshell, new Suponic Global affiliates are buying the SGC bags of Asian investors and the Cali stooges they’ve got fronting the company.
@Malthusian
The big ones in the US tend to be gone after by the DOJ as criminal matters. Smaller crypto scams have been picked up by the FTC.
Obvs the SEC is involved with the FTC/DOJ investigation side of things though because they’re always up for securities fraud. Individual states have also targeted crypto companies.
@OZ…You NEVER mentioned that Bonuses are paid in BTC?
Other than magnifying the sorry for your loss factor, does it matter?
When new investment runs dry they’ll start only paying out in SGC points.
By the way whoever wrote this article, it’s illegal to post private information.
i must let you kow that suponic global is not only in the americal alone, suponic as succefuly having followers round the glob, also, in africal continent, Nigeri,ivory cost, gana and other Africal conutry are doing well in suponic global.
i think its either better you join us than speculate because time waith for no body.
i must appreciate suponic global for their charity spirite durring this covid19, helping alot of nigeria masses including our security personnel with face mask to curving the pandemic.
suponic global still one of the best mlm sofar and itis the plartform at which you can buy this suponic gme coin call SGC,you can also use it to buy suponic product like phone etc.
See #5.
Africa being pillaged to bail out victims of a 2018 Ponzi scheme. How many times has this scenario played out?
The truly sad thing is you all keep falling for it.
Speculate my ass. Suponic Global is a Ponzi scheme and you are a scammer.
OZ, As smart as you are as you projected yourself to be, How come you have not reported this to FTC?
Better yet, What is preventing you from reporting these instances to FTC?
If your arguments and points hold water, how come your fellow naysayers are not even doing anything to prove the company wrong or expose the supposed scam all of you accuse them to be?
This is a review, not a call to action.
And I never confirmed or denied reporting anything to the FTC, so you made that up and ran with it.
Suponic Global is a cookie-cutter Ponzi points scheme. What you do with that fact is up to you.
My friend is DEEP into this and tried to turn me onto it. Several people he knows have invested money.
How do I go about providing information, other than your detailed scrutiny, (and beyond the *insanely* sketchy websites affiliated, and the underdeveloped ankle-deep fiction) which might sway him?
Of course, I think it’s obvious, and I see through the weird, zero-knowledge-base mystique. But how do I break the news?
It’s just too bad.
If explaining Suponic Global is a Ponzi scheme isn’t enough, that’s about all you can do.
Bit of an eye opener on your friend though.
Some more info. They “partnered” with ENJ “Enjin” coin.
Chairman Jay Park has been adamant about not wanting any recordings of him to be public without his consent.
They also renamed SGC “Suponic Global Coin” to “Suponic Game Credit”.
Their zoom link is hosted at sgcnation dot com and the password is obviously “inkwars”.
Ryan Conley’s facebook is /superhumanry.
Their portal is at login dot suponicglobal dot com. You can register with a sponsor code of Suponic or SuponicGlobal.
You can’t do anything until you pay for a membership. They acknowledge the “alternative payment” doesn’t work and you can only use the coins payment.
You also have to agree that the coins are locked in for 6 months.
Payments are made through coinpayments dot com sold by ssyr5233. You can only pay by bitcoin. The sellers profile probably has every person who is involved in this ponzi.
And the help chat on the bottom left doesn’t work, no one ever responds.
OZ..I think OZ doesn’t know enough information about Suponic Global.
I know CEO and some leaders. Their purpose to do this crypto business is genuine to help poor people.
This Suponic company is totally different from other ponzy company.. The company didn’t shut down and run a way. This company has keep running to follow the plan.. but a little be delayed according to circumstance.
I think you can’t call this genuine company as a ponzy company.. This company is only legit company.
I am worry many people lose this big opportunity to raise the wealth, because of your wrong posting. A lot of people know Suponic Global’s history will laugh at your post.
Please study more about Suponic Global company first and then write the right post again. Thinking and knowledge is totaly different.
Also your posting is free.. but we should feel responsibility about our word to be expressed..
Scammers start Ponzi schemes to steal money from people. Stealing money from people, poor or otherwise, isn’t helping them.
Ponzi points are Ponzi points. If you weren’t full of shit you’d have actually explained how Suponic Global isn’t a Ponzi scheme as detailed in the review.
OZ..You will be falling in love with Suponic one day,If you realize Suponic Global is a real and true company. Please Study about Suponic more in details..
Study what more? I already correctly identified Suponic Global as a Ponzi scheme in the review above.
You don’t sound very intelligent. First Ponzi rodeo?
Sounds like you already know it is a ponzi.
Your rambling sounds like you want to dupe more people into the scheme so you are in profit before it gets shut down.
<– Not sure where this came from. Reg D is just registering, and meeting guidelines. Reg A, maybe requires this.
You may want to take a look at the number of games they have listed, and the caliber of the games. And this is all before they were listed.
Suponic acquired some of the top gaming companies in Australia, and are represented by top law firms in the US. They passed the Howie test with flying colors.
Frankly there's no such thing as bad publicity. So thanks for the hard work.
It came from the Securities and Exchange Act. Reg D, Reg A, Reg X, Y and Z… it doesn’t matter. Any company offering securities that isn’t registered with the SEC is committing securities fraud.
In light of Suponic Global committing securities fraud, the number of games offered is irrelevant.
Name two and provide evidence.
Name just one and provide evidence.
MLM + passive investment opportunity = investment contract. This is established case law.
Best you stop talking out of your ass, you’re not doing Suponic Global any favors.
You’re hilarious and you don’t even know why everyone is laughing at you.
Passing the Howey Test is a bad thing if your investment scheme is not registered with the SEC (or non-US equivalent), you schmuck.
Passing the Howey Test means you are offering a security. The Howey Test is in itself not a positive or negative thing, it boils down to “if it looks like a security and quacks like a security, it’s a security”.
Where it becomes a bad thing is if you offer that security to the American public without registering with the SEC, which is securities fraud.
It’s like being delighted that you got a positive HIV test. Or Covid test. “Nah bro, positive means good, right? Yo HIV-negative ass is just being… negative.”
Its pretty clear you are not a native speaker.
To Pass the Howie test means it satisfies legal standards, more specifically substance over structure.
coinist.io/the-howey-test-the-sec-and-ico/
And i can see how you are trying to provoke with your guilty until proven logics, it works really well to fuel emotions and add a few bucks to gove you ad money.
It is also pretty clear you are quite emotional about this. (Ozedit: derails removed)
MMOWars have a statement about their aquistion by facebook which youb are going to try hard to come up with a diss, and the other i will give you the pleasure for your own research, which maybe beyond your intelligence. But i’m sure your mother loves you anyway.
Law firms you would notice Suponic works with only the best, research their forums.
The comp plan discussion on your site is wrong. (Ozedit: more derails removed)
@ Jelly Beans
I am a native English speaker. And I can quite clearly say that are not.
You have the grammar, diction and basic spelling of a first grader. On top of that, Malthusian is right. To pass the Howie Test means you get regulated.
You do not “pass” or “fail” the Howey test just as you do not pass or fail a pH test.
The Howey test defines whether your offering is a security or not, which in itself is a neutral fact, like being acidic or alkaline.
I entertained the inaccurate use of those words in an attempt to speak Scammese, shouldn’t have bothered.
Suponic “passes” the Howey test in the sense that it looks like a security, walks like a security and quacks like a security, so it’s a security. Suponic offers its security to the American public and is not registered with the SEC, which is securities fraud.
@ Jelly Beans:
That coinist.io article has got the Howey Test ass-backwards. The Howey Test is simply the legal definition of a security in the US. “Pass” it, i.e. meet the definition, and whatever it is you’re selling is classified as a security, and thus subject to SEC regulation.
That the Howey Test is American actually doesn’t matter much elsewhere: the definition is so commonsensical, I don’t think there is a jurisdiction in the world where things that meet the Howey Test aren’t classified as securities, and therefore subject to that jurisdiction’s relevant regulations. (If you know of any examples to the contrary, I’m sure everyone would love to hear them.)
BTW: I love the notion of an outfit that hides where and in what legal form it is incorporated (if they are incorporated at all, of course) being “represented by top law firms in the US”, and having “acquired some of the top gaming companies in Australia”.
How do they manage that, if they refuse to reveal who the hell they are and where they’re based?
@Jelly
Evidence requested. None provided.
Thank you for confirming you’re full of shit on both the gaming company and US law firm claims. Not that either matters, because Suponic Global is a Ponzi scheme.
As for the Howey Test;
Affiliates = person who invests.
Suponic Global = common enterprise and third party distinct from affiliates.
expectation of profits based on Suponic Global marketing? Check.
Securities fraud ahoy!
It’s based on Suponic Global’s own marketing material. Feel free to provide a copy of an alternative compensation plan.
I admire your passion. But you do have selective views based on limited experience in this subject matter. You’re the one claiming a company is false yet you have failed to provide any evidence which is factual.
The SEC isn’t a mafia, they are simply working to find ways to protect the interests of gallable investors from falling victim to scams. As such they have provided definitive statments.
SEC’s statements were quite clear. They are after ICOs that do not have utility.
Also your copy pasted statement indicates a system where it relies “solely from the efforts of the promoter or a third party”
This refers to a system where the only source of income is from investors. This simply isn’t true. Did you look into their non mln affilliates program? Also their retail programs created to add proper liquidity based on natural supply and demand?
Did you know the agent whom you defamed has a money transmitter license and is able to conduct legitimate BTC transactions?
I can go on, but please take a deeper dive and you will find your statements to be untrue.
Suponic Global is a passive investment opportunity.
MLM + passive investment opportunity = securities offering.
Suponic Global isn’t registered to offer securities anywhere in the world.
Unregistered securities = fraud.
That’s your factual evidence.
None of which has anything to do with Subponic Global committing securities fraud. Cryptocurrency is not exempt from securities law.
The issue here is the investment opportunity, not the vehicle it is offered through.
Now it’s your turn to provide evidence. Feel free to provide legally required audited accounting reports confirming Suponic Global is using external revenue to pay return withdrawals.
Anything short of this is unverifiable marketing bullshit.
Oh and I’ll be marking anything that doesn’t directly address the above as spam. I’m not interested in “buh muh blockchain!” waffle or any other excuses.
You’re better off just admitting you have no evidence to back up Suponic Global’s marketing claims, accept they’re committing securities fraud and we can move on.
I passed a pH test. Scored a perfect 14. All it took was some basic chemistry.
I’ll see myself out.
You have a formulae in your head, and (Ozedit: no requested proof, no comment. See #37)
Yeah I think we’ve established you’re full of shit with no proof or requested evidence to back up any of your claims. Blockchain or no, securities fraud is securities fraud.
There are no exemptions for cryptocurrency with respect to securities fraud regulation in any country on the planet.
Suponic Global commits securities fraud because it’s a Ponzi scheme. And neither the scam nor yourself can provide any verifiable evidence to the contrary, despite being requested to do so twice.
Thanks for playing and sorry for your loss.
makes absolutely no sense. Its not even grammatically correct.
(Ozedit: derails and whinging removed)
If English isn’t your first language hire a translator. Not my problem.
As a pedantic grammarian of the first order, I can assure you Oz’s statement makes perfect grammatic and syntactical sense. His meaning is quite clear: in any country on the planet, securities fraud laws apply whether or not cryptocurrency is involved. What’s not to get?
Muphry’s Law rears it’s head again.
Good luck with your “me no speaka de English” defence in the very unlikely event you end up a net-winner.
good point, but how does this this pertain to a utilities token? Also most countries do not even define icos as securities. (Ozedit: derails removed)
Suponic has an official legal statements including within the state of Wyoming by lawfirms who have provided professional opinion letters defining Suponic to be legit.
Go through the facebook and you will see postings of these official statements.
It takes courage to admit you are wrong. And in this case you are.
Also requesting for financial statements on a private company to a standard user, and flagging it to be a standard for your reasoning does not establish a basis for your wrongful accusations. Neither you nor i have access to any private companies.
Suponic Global isn’t committing securities fraud because of a utilities token.
Suponic Global is committing securities fraud because MLM + passive investment opportunity = a security, and Suponic Global isn’t registered to offer securities in any jurisdiction.
Yet you can’t produce one. Seriously, provide a legal opinion rubber-stamping Suponic Global’s securities fraud and I’ll be happy to tear it apart.
This is the third time you’ve been requested to provide evidence of your claims and you continue to fail to provide any.
Not withstanding legal opinions are not a substitute for compliance with securities law. OneCoin had plenty of legal opinions, in fact every major MLM Ponzi bust over the past decade did.
Legal opinions are what Ponzi schemes trot out as a marketing substitute for legal compliance. They are meaningless with respect to due-diligence and regulation.
Suponic Global is required by law to be registered with the SEC and file publicly available audited financial reports.
The fact that Suponic Global hasn’t done either is evidence of securities fraud.
FWIW, and a bit late, Master & S corp search shows that it’s registered November 2019 by Kwangeun Pyo, at the suite 300 address.
Maybe Richard’s just a nickname? Name looks Korean.
Likely. Or could be a relative.
so in conclusion, I’ve been scammed.
My friend in NZ has basically put ALL her energies into this and thinks anyone who doesnt get on board is basically stupid. Im so very interested to have it confirmed its a scam.
Suponic seem to do a brilliant job at drawing everything out for as long as they can…. “the launch is comimg… ” etc. At what point do the investors realise it a big fat FLOP????
Suponic Global has nothing to do with Suponic. They renamed themselves as Snation after recieving a warning from their Suponic lawyers.
This was also announced officially on their website and facebook. AC, Rudy are just victims of Choi Won Hee. All users recieved their pay.
A small number of people were affected after Choi Won Hee closed the company upon reaching saturation on their binary system.
Math is math. It is impossible to pay out the majority of investors in a Ponzi scheme.
You can pay them worthless SGC Ponzi points, but they can’t all get their money back.
This did not age very well.
Suponic Global collapsed and sorry for your loss?
I’d say it aged as expected.
You guys do know that Suponic Global has nothing to do with the original Suponic company? It just a spin off the original.
Keep good names like AC Green, Jay Park and others off it as it will be considered defamation.
It specifically states in the Suponic social media that Suponic Global and its founder Choi Won Hee has nothing to do with the company.
Suponic Global as reviewed here is a Ponzi scheme. Any spinoff with the same business model is also a Ponzi scheme.
Scammers pretending they have nothing to do with scams is nothing new.
Well i admire your intention. 3 years later you are still responding to people. What people should know is Suponic never sold coins on mlm. Their first coin was not even SGC since they did not have Games to begin with.
They delievered products which was genuine and then later expanded their model to video games. They made a genuine and legal exchange, listed their coins and made profits from products sales.
When South Korean government abolished cryptos all banks stopped collaborations and Suponic did the right thing by buying back all the coins.
In October 2020 1.5 years ago, they made an announcement on releasing a video Game platform which was genuine with good quality games.
They even have triple A mmorpg Game titles which only serious Game publishers with experience can handle and have further developed 27 more games.
They have continued to update their progress and have setup a task force and hosted Game tournaments which consume Game coins organically.
Further more they have not requested people to buy coins whilst producing Game titles and have schedule to list. Which would indicate their intention is genuine.
So let’s not jump into irrational assumptions and use guilty until proven. And let’s stop combining different entities and labelling it as the same. It’s simply unethical and discouraging for those Who has proper intent.
If anything Suponic has made a good willed decision to accept victims of Choi. It is not something a anyone can do.
I appreciate you reading this and hope your ventures will be fruitful.
They absolutely did. You can scroll up and see the SGC Ponzi points business model.
If the business model is the same, as reviewed above, then it’s the same Ponzi scheme. Sorry for your loss.
Feel free to provide evidence to the contrary, including registration of the passive investment opportunity with financial regulators.
Any financial claims pertaining to external revenue should be backed up by legally required audited financial reports.
Failing which, you pretending Suponic Global never was a Ponzi scheme is disturbing.
Hi Oz,
This is exactly what we are talking about.
The Business model was never used by Suponic. Theirs was simply a retail model.
If you look up SGC in etherium there is several coins with same acroymns but have different contract address. One of them is Samsung!
You are confusing Snation ( Suponic Nation), Suponic Global, SPT ( Suponic Point Token) with Suponic and Suponic games.
There is no evidence of Suponic making any direct deals with them.
But there is evidence Suponic making a public announcement on their official Facebook, Email and website about their disassociation with Suponic Global.
There is an alibaba coin floating around the Internet but it does not mean it is owned by the Chinese amazon-like company.
I for one purchased SGC coin not though an mlm but directly retail from the Game itself. Most of the people on Suponic games.com purchased it though a credit card on their main website. There is zero mention of Mlm.
I also participated in their meetings. But never once did i see them selling coins or encouraging others to join an mlm.
I am wholehearted against Mlm and i think it is horrible people like Choi and these spin off websites like SPT using the name Suponic to entice legitimate gamers is horrible.
And i think Suponic Global is a ponzi and a scam. But i do not think Suponic Games or Suponic is. They are a totally different company.
I also recall Suponic having sent a cease and desist letter to Jaques Johnson and Choi and making mention of this publicly about them not using the Suponic name.
Choi apoarently has a company Suponic Esports in her name in Korea.
I personally reviewed Suponic Global in May 2020 and confirmed it was a Ponzi scheme. See review above, which I certainly didn’t imagine.
Such to the extent you’re talking about some other company, awesome – that doesn’t change Suponic Global as reviewed in May 2020 being a Ponzi scheme.
If whatever you’re talking about absorbed Suponic Global victims and continued the Ponzi scheme, then it too is a Ponzi scheme.
Great, then we’re in agreement. This review pertains to Suponic Global. Kindly stop wasting my time.
Suponic is certainly using the same logo as Suponic Global.
A visit to suponic.com ‘s “about” page shows a stylized world map of where their servers are (I guess? It says “Global Network”). It lists Korea, Australia, and Ireland, with blue dots for each. But “Ireland” is shown north of Alaska! (Yo, guys, that’s the wrong continent.)
That and the glittering generalities in their adspeak leads me to believe it’s more smoke and mirrors than anything else.
I mean, here’s their Mission Statement:
What the hell is “virtual cryptocurrency”? Cryptocurrency is ones and zeroes, how much more virtual can it get?
Call me cynical, but all I see is stuff I want nothing to do with.
Thanks Oz, glad we are getting some where.
1. Glad you acknowledged your review has nothing to do with Suponic, but with Suponic global – an unauthorized scam company create by Choi Won Hee.
2. Suponic did not use suponic global logo. They used Suponic logo and recieved a cease and desist letter from Suponic lawyers. This is why they changed it to Snation.
3. Cryptocurrency refers to sha 256 encrypted data, and virtual Cryptocurrency refers to a gaming token which used in the metaverse with no ties to a fiat. You can hate it all you want but you can’t diss a clean company that has nothing to do with you.
4. Suponic has never sold SGC. This is a Suponic Global coin (aka SNation) and has nothing to do with Jay Park. He did not recieve a penny from Suponic Global. Suponic Game Coin never launched. Thanks to Snation and Behind mlm. Hence zero victims.
Suponic 3D phones were legit and nice. And it was retail not mlm.
5. Ac Green was a victim of Snation. He did not recieve a single dime for the project. Cannot disrespect a former NBA player like that.
6. The others, i cannot say.
7. I fully support Behindmlm in condeming Suponic Global and the horrible mlm put together by a former crimminal Choi Won Hee. Stay 10miles away from it. They are not even mlm and should therefore be completely out of your radar.
Thanks Oz and peace.
Suponic Global changed their name and logo to Snation after recieving a cease and desist letter from the Real company Suponic. She is currently being sued by the founders of Suponic and is facing court.
Ryan Conley immediately created SPT coin to capitalize on Suponic’s success with their consume electronics.
This too was a failed project after Suponic made an official announcement to the users and warned them not to join either of the programmes.
Behindmlm played a pivitol role in preventing further victims by informing users of these fake Suponic companies.
So just to clear the air, does Suponic have its own coin of any kind for users to purchase?
Of course it does.
Suponic Global website:
Suponic FaceBook, March 2022:
Suponic FaceBook, Feb 2022:
Suponic * = Ponzi scheme.
The Suponic Global Ponzi scheme reviewed here in 2020 collapsed. Scammers are trying to reboot it as Suponic with SPT token.
It’s all the same scam. Any claims to the contrary will be marked as spam.
These are all valid points. I Suponic Global used the name from another company ( Suponic ) and simply added global to the logo.
Choi Won Hee is a former convicted criminal who created Suponic Global, collected the money and then tried to blame it on AC and Jay Park.
Such terrible person. I will slap that lady if I ever see her again.
She made other companies too like SNation (Suponic Nation) etc. She is now being investigated in South Korea.