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 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
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
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.
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 – Teqra CFO Jan Haagen has been outed as Russian actor Georges Devdariani.