Unetenet Global Review: Ponzi scheme launches third reboot
Unetenet initially launched in 2013 and combined pyramid recruitment with “franchise” Ponzi ROIs.
In late 2014 Unetenet advised affiliates of payment difficulties, citing regulatory issues in Latvia.
Over the next nine months the scheme attempted to reboot itself as a cryptocurrency opportunity. Unetenet affiliates invested in Unetes, with one Unete purportedly equal to $1.
In reality, Unetenet introduced Unete to convert its Ponzi liability into virtual Ponzi points that held no value.
When Unetenet affiliates attempted to conver their Unete points into real money, Unetenet collapsed.
20,000 investors filed a class-action lawsuit against Unetenet in mid 2015, alleging that 22,000 victims had lost around €50 million EUR.
A month later Spanish authorities took action and arrested twenty Unetenet insiders. Properties connected to the scheme were raided, with police also seizing Untenet funds and assets.
José Manuel Ramírez Marco, the owner of Untenet, was not named as one of the insiders arrested in Spain.
In January 2016, two more Unetenet arrests were made in Bolivia. One of those apprehended was Adrian Trigo, purportedly second in command of Unetenet.
Despite two separate collapses and numerous arrests, last month Unetenet resurrected itself with a new MLM opportunity.
There is still no information on the Unetenet Global website revealing who owns or is running the latest incarnation.
The Unetenet Global website domain (“unetenetglobal.com”) was registered on March 11th 2016 with bogus details.
José Manuel Ramírez Marco is assumed to still be in control of things, however Untenet Global now appears to be targeted at Indians.
Alexa currently estimate that 68% of traffic to the Unetenet Global website originates out of India.
This could mean two things. Marco could be working with Indian scammers from previous the previous Unetenet business, or top Unetenet investors have decided to go at it alone.
Creative that is conceptually interesting and visually stunning, we design with the belief that process and collaboration should be as exciting and trust as the end result.
Certainly the language on the Unetenet Global appears to be authored by someone whose grasp of coherent English is limited.
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.
The Unetenet Product Line
Unetenet has no retailable products or services, with affiliates only able to market Unetenet Global affiliate membership itself.
The Unetenet Global Compensation Plan
Unetenet Global affiliates invest in “advert packages” on the promise of advertised ROIs.
- Mini Pack ($100) – $1 daily ROI for 365 days ($365)
- Pro Pack ($500) – $5 daily ROI for 365 days ($1825)
- Premium Pack ($1000) – $13 daily ROI for 365 days ($4745 ROI)
- Elite Pack ($5000) – $75 daily ROI for 365 days ($27,375)
Based on how much is invested, Unetenet Global affiliates must spam the internet daily to qualify for a ROI payout.
Unetenet Global affiliates are paid 5% of funds invested by personally recruited affiliates.
Residual commissions in Unetenet Global are paid out 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 second level of the binary is generated by splitting each of the two first-level positions into another two positions each.
In this manner subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
At the end of each day Unetenet Global track invested funds on both sides of the binary team.
Affiliates are paid a 10% commission on funds matched on both sides, subject to the following daily earning caps:
- Mini Pack – $100 daily binary cap
- Pro Pack – $250 daily binary cap
- Premium Pack – $500 daily binary cap
- Elite Pack – $2500 daily binary cap
Participation in the Unetenet Global MLM opportunity as an affiliate is tied to investment in one of the following packages:
- Mini Pack – $100
- Pro Pack – $500
- Premium Pack – $1000
- Elite Pack – $500
A free Trial Pack also exists, through which affiliates get paid to spam the internet. This however has nothing to do with the Unetenet Global MLM opportunity.
Having failed at franchisee and cryptocurrency Ponzi frauds, Unetenet Global have now adopted a “spam the internet” model.
Affiliates invest in advertising packages, spam the internet based on how much they invest and are paid a ROI.
The only source of revenue entering Unetenet is newly invested funds, with these funds used to pay off existing investors.
This makes Unetenet Global a Ponzi scheme.
The referral and binary side of the business adds a pyramid layer, with Unetenet dependent on newly invested funds.
Pay to play is also featured in the compensation plan, with how much a Unetenet Global affiliate invests directly impacting their binary earning potential.
Despite the obvious fraudulent nature of the business, Unetenet Global profess they are not a Ponzi scheme.
Is Unetenet a Ponzi Scheme?
We are glad you asked this question. We are not running ponzi scheme and here it is why, First of all, our system is free to join for anyone, but access is granted by invite from a current member only.
Secondly there is no compulsion or obligation to Invest or purchase any product.
Being “free to join” has nothing to do with using newly invested funds to pay off existing investors. Neither does an obligation to purchase a product.
Talk about weaksauce pseudo-compliance.
As with Unetenet Global’s two previous incarnations, once newly invested funds run out the scheme will collapse.
With over €50 million EUR in losses and tens of thousands of victims, you’d think I shouldn’t even have to pen this review.
Unetenet Global’s Alexa ranking spiked mid last month and is still rising.
Can I get a Refund?
No Refunds are made on packages.
…here we go again.