Teqra Review: Daily returns Boris CEO Ponzi scheme
Teqra’s website domain (“teqra.com”) was first registered in January 2018. The private domain registration was last updated on November 11th, 2020.
Perusal of Teqra’s website domain reveals it was dormant with an error message prior to the November 2020 update.
This suggests Teqra’s owners purchased the domain in November 2020 from a previous unrelated owner.
This is supported by Teqra’s official Facebook page only having been created in November 2020.
Despite not existing until a few months ago, on its website Teqra falsely represents it was founded by “Frederick Glaesser” in 2016.
On Teqra’s official YouTube channel, Glaesser is played by this gentleman:
Despite the very Anglo-saxon sounding name, the actor playing Glaesser (spelt “Glaeser” in the video title) is dubbed over.
Horrendous speech cadence, rife with awkward pauses, is a giveaway that whoever he is, the actor playing Glaesser isn’t a native English speaker.
Evidently whoever’s behind Teqra thought Glaesser was entirely unconvincing too.
On February 17th Teqra replaced the Glaesser with CFO Jan Haagen.
Haagen’s promotional video is your typical Boris CEO affair. Rented office, company flags, co-actors pretending to be office staff… by now you know the drill.
A highlight of the video is Teqra’s “IT department” at [1:22], consisting of a bunch of actors staring at HTML website source-code (Chrome browser F11’ed to fullscreen).
Haagen isn’t dubbed over and speaks with a thick European accent. Naturally he doesn’t exist outside of Teqra’s marketing video.
Curiously, Teqra represent Haagen’s marketing video was shot in Costa Rica.
On February 22nd however the company uploaded a video titled “Teqra opening of the Consulting Office in the city Ulan Ude Russian Federation”.
The video features a bunch of Russians riding around in a rented limousine. It then cuts to what is presumably the office opening.
Although their names aren’t provided, these two chuckleheads appear to be hosting the event:
Whether that means they’re running Teqra or are just another layer of actors, who knows.
Tellingly, neither CEO Frederick Glaesser or Jan Haagen make an appearance in the office opening video.
In an attempt to appear legitimate, Teqra provides what appears to be a basic incorporation documents for “Teqra Holding Sociedad de Responsabilidad Limitada” in Costa Rica.
For the purpose of MLM due-diligence, basic incorporation anywhere is meaningless. These documents should be ignored.
At the time of publication Alexa ranks the top three sources of traffic to Teqra’s website as Pakistan (22%), Saudi Arabia (15%) and Vietnam (12%).
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.
Teqra’s Products
Teqra has no retailable products or services, with affiliates only able to market Teqra affiliate membership itself.
Teqra’s Compensation Plan
Teqra affiliates invest USD, bitcoin or ethereum on the promise of advertised returns.
- Plan 1 – invest $50 to $499, 0.002 to 0.029 BTC or 0.05 to 1 ETH and receive 1.1% to 1.5% a day for 10 days
- Plan 2 – invest $500 to $4999, 0.015 to 0.29999 BTC or 0.4 to 10.5 ETH and receive 1.5% to 1.9% a day for 25 days
- Plan 3 – invest $5000 to $49,999, 0.15 to 2.99999 BTC or 4 to 106 ETH and receive 1.9% to 2.3% a day for 40 days
- Plan 4 – invest $50,000 to $1,000,000, 1.5 to 57 BTC or 40 to 2127 ETH and receive 2.3% to 3% a day for 50 days
- VIP – invest $500 to $1,000,000, 0.015 to 57 BTC, or 0.4 to 2127 ETH and receive 2.7% to 4.5% a day for 60 days
- VIP Plus – invest 50 to $1,000,000, 0.002 to 57 BTC or 0.12 to 2127 ETH and receive 5% a day for 180 days
Referral Commissions
Teqra pays referral 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.
Teqra caps payable unilevel team levels at twenty-seven.
Referral commissions are paid out as a percentage of funds invested across these levels based on rank:
- Manager (sign up as a Teqra affiliate) – 5% on level 1 (personally recruited affiliates), 2% on level 2 and 1% on levels 3 to 5
- Agent (generate $100,000 in downline investment volume) – 6% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 to 6 and 0.5% on levels 7 and 8
- Bronze Director (generate $500,000 in downline investment volume) – 7% on level 1, 4% on level 2, 2% on levels 3 to 5, 1% on levels 6 and 7 and 0.5% on levels 8 to 11
- Silver Director (generate $3,000,000 in downline investment volume) – 8% on level 1, 4% on level 2, 2% on levels 3 to 5, 1% on levels 6 to 8 and 0.5% on levels 9 to 14
- Gold Director (generate $10,000,000 in downline investment volume) – 9% on level 1, 5% on level 2, 2% on levels 3 to 5, 1% on levels 6 to 9 and 0.5% on levels 10 to 17
- Platinum Director (generate $15,000,000 in downline investment volume) – 10% on level 1, 6% on level 2, 3% on level 3, 2% on levels 4 to 6, 1% on levels 7 to 12 and 0.5% on levels 13 to 22
- Diamond Director (generate $25,000,000 in downline investment volume) – 12% on level 1, 7% on level 2, 3% on level 3, 2% on levels 4 to 6, 1% on levels 7 to 14 and 0.5% on levels 15 to 27
Joining Teqra
Teqra affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $50, 0.002 BTC or 0.05 ETH investment.
Conclusion
Teqra represents it generates external revenue via “online trading”.
No evidence of online trading revenue, or any other source of external revenue being used to pay advertised returns is provided.
Teqra’s business model also fails the Ponzi logic test.
If Teqra’s anonymous owners were actually capable of legitimately generating 5% a day as advertised, what do they need your money for?
Even a modest capital compounded at 5% a day would soon turn into a fortune.
As it stands the only verifiable source of revenue entering Teqra is new investment.
Using new investment to pay a daily return makes Teqra a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Teqra of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 9th March 2021 –ย Teqra CFO Jan Haagen has been outed as Russian actor Georges Devdariani.
Update 23rd May 2021 –ย Teqra has collapsed.
The dust hasn’t even settled on Wiseling’s and Beurax’s corpses but… they’re baaaaaack!
“Jan Haagen”‘s desk was a hoot! You sure you got enough pencils, there, pal?
Company flags, but no coffee mugs? What kind of schlock outfit is this?
I love their chart of meaningless orange bars. It’s certainly not scaled linearly; if the far-left bar (0.28M) were 1mm tall, the one on the right (3.7B) would need to be 13.2 meters tall. So maybe the chart is logarithmic? Nope. (I’ll leave it at that; the explanation would be boring.) It’s just random numbers perched over randomly-taller orange bars; as phony as their office and CFO.
Sigh….. Yet ANOTHER scam. Worst thing is, they will probably make $millions from idiots who join.
I dare say we’ll see the usual suspects promoting this soon enough. Great review Oz.
Just did a face search for Jan Haagen. Russian actor listed at proaktor.ru
instagram.com/georgesdevdariani/
Thank me later ๐
Why delete my comment? It’s the proof he’s an actor..
Not deleted, held for moderation.
And lol! Russian scammers on blast. Well done!
Thanks ๐
Oz, like many of us,sleeps on occasion. Just wait for it to be unmoderated next time ๐
HEY, this time I was watching TV!
Sleep, gtfo.
Come on Oz, how can you be so negative? CFO Jan Haagen “GUARANTEES” your success. How can you go wrong with such a guarantee in place?
Sadly that statement will be the only due diligence most of the suckers lured into this Ponzi will do, oh and they are paying of course.
Can’t wait for the defenders to stop by and defend this with the typical Ponzi speak platitudes. Got my popcorn ready and big easy chair to enjoy the show.
Unless it’s judge judy, it can’t be near as interesting as watching Ponzis selfdestruct like clusterbombs.
Yeah.. I slept when it was published.. ๐ Thats why it took me 8 hours, lol. Had a good night of rest. Actually finding the actor took me 5.
The CEO is somewhere mentioned with another gig at labuda.blog/ But can’t find him there yet.
Awesome work Rob – how do you do a face search? Would be really useful to get a team of us exposing these scammers even quicker. Power to the people.
To find fake actors in the future, pimeyes.com is amazing!
pimeyes, tineye, google, yandex, bing.
Oh.. and a lot of patience going through the crap ๐
I hope you’re aware that uploading a face that isn’t your face is against their TOS and you might end up getting into a lot of legal trouble.
Since when offices in Costa Rica uses keyboards with Cyrillic characters?
youtu.be/uyD3peogiDI?t=91
Nice giveaway…
I think the scammers are deliberately giving signals like this…:
This video is SOooo hilarious!
Look at the electric cord blocking the way to the work place. Is not it dangerous? 1:11
This guy is not very comfortable at his workplace… or he don’t know how to organize the workspace. How often you phone with a phone set placed on the right with a receiver in your left hand pushed back to the right ear? See 1:13…
I guess, it was an esthetical wish of a director arranging the scene: “Hold the papers in your right hand, but don’t obscure it with a phone cord. Gosh, you cannot push the phone to the left ear. Move the phone set to the right side of the table.
Yes, keep papers in your right. Don’t put the phone to the left ear again! That’s not nice to have a cord over your mouth.
Put the phone receiver to the right ear. Elbow down. Yess! That’s nice! We got it!”
…and PENCILS! We’ve got a loads of fresh new yellow pencils! EVERYWHERE! Everybody loves them!
0:57, 1:04, 1:10 (2 mugs… no 3 mugs of pencils!) And fourth mug of pencils is hidden behind the monitor screen – 1:13!
And 1:41 again – 3 mugs at the time in one shoot! And of course 1:47 – the biggest bouquet of yellow pencils at the boss’s office!
I love the part where Boris CEO aka Jan Haagen overplays his role and says “Of course, no office can do it without a manager – the person who controls the entire workflow… ” etc.
His voice sounds like… like he’s mocking future victims. But he really enjoys his line!
Last one… 2:04 reading a script, gazing at the screen (not to the camera…) awkward shot.