Veqber Guild Review: Crypto trading Boris CEO Ponzi
Veqber Guild fails to provide verifiable ownership or executive information on its website.
Without explanation, Veqber Guild provides details for two CEOs:
Neither “Dash Bereford” or “Cristopher Marveq” appear to exist.
Over on YouTube we have the actor playing Dash Bereford with a non-native English speaker accent.
It’s not the strong Russian accent where used to but definitely sounds eastern European to me (possibly a Russia/Ukraine adjacent region).
Other actors in Veqber Guild’s marketing videos wear wigs and, in order to mask their thicker accents, are dubbed over.
At [0:23] on this Veqber Guild marketing video, we can see the PC in the shot is set to UTC +2.
This time zone corresponds with Kaliningrad Time and Russia’s Northwestern Federal District.
Veqber Guild’s website domain (“veqber.com”), was first registered in 2021. The private registration was last updated on March 14th, 2023.
Prior to March 2023 the “veqber.com” domain was parked. Thus it appears whoever is running Veqber Guild purchased the domain on or around March 2023.
Supporting this is Veqber Guild’s current website going live towards the end of March 2023.
In an attempt to appear legitimate, Veqber Guild provides incorporation details for Veqber GCG UK Limited.
Veqber GCG UK Limited was incorporated in the UK on March 14th, 2023.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
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.
Veqber Guild’s Products
Veqber Guild has no retailable products or services.
Affiliates are only able to market Veqber Guild affiliate membership itself.
Veqber Guild’s Compensation Plan
Veqber Guild affiliates invest USD equivalents in cryptocurrency.
This is done on the promise of advertised returns:
- Urhart – invest $100 to $499 and receive 0.8% to 1.2% a day for 12 weekdays
- Cawdor – invest $500 to $4999 and receive 1.3% to 1.7% a day for 23 weekdays
- Glamis – invest $5000 to $24,999 and receive 1.8% to 2.2% a day for 48 weekdays
- Raglan – invest $25,000 to $49,999 and receive 2.3% to 2.8% a day for 64 weekdays
- Conwy – invest $50,000 to $250,000 and receive 2.9% to 3.3% a day for 72 weekdays
- Windsor – invest $100 to $50,000 and receive 3.1% to 3.6% a day for 90 days
- Elsdon – invest $100 to $100,000 and receive 4.2% to 5.2% a day for 120 days
The MLM side of Veqber Guild pays on recruitment of affiliate investors.
Veqber Guild Affiliate Ranks
There are twenty-five affiliate ranks within Veqber Guild’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Fame Guild I – sign up as a Veqber Guild affiliate
- Fame Guild II – generate $1000 in downline investment
- Fame Guild III – generate $5000 in downline investment
- Fame Guild IV – generate $10,000 in downline investment
- Fame Guild V – generate $20,000 in downline investment
- Fame Guild VI – generate $50,000 in downline investment
- Fame Guild VII – generate $100,000 in downline investment
- Fame Guild VIII – generate $200,000 in downline investment
- Fame Guild IX – generate $400,000 in downline investment
- Fame Guild X – generate $700,000 in downline investment
- Fame Guild XI – generate $1,000,000 in downline investment
- Fame Guild XII – generate $1,500,000 in downline investment
- Fame Guild XIII – generate $2,500,000 in downline investment
- Fame Guild XIV – generate $4,000,000 in downline investment
- Fame Guild XV – generate $6,000,000 in downline investment
- Fame Guild XVI – generate $8,000,000 in downline investment
- Fame Guild XVII – generate $10,000,000 in downline investment
- Fame Guild XVIII – generate $15,000,000 in downline investment
- Fame Guild XIX – generate $20,000,000 in downline investment
- Fame Guild XX – generate $50,000,000 in downline investment
- Fame Guild XXI – generate $100,000,000 in downline investment
- Fame Guild XXII – generate $250,000,000 in downline investment
- Fame Guild XXIII – generate $500,000,000 in downline investment
- Fame Guild XXIV – generate $750,000,000 in downline investment
- Fame Guild XXV – generate $1,000,000,000 in downline investment
Referral Commissions
Veqber Guild pays referral commissions on cryptocurrency invested by personally recruited affiliates based on rank:
- Fame Guild I ranked affiliates earn a 7% referral commission rate
- Fame Guild II ranked affiliates earn an 8% referral commission rate
- Fame Guild III ranked affiliates earn a 9% referral commission rate
- Fame Guild IV ranked affiliates earn a 10% referral commission rate
- Fame Guild V ranked affiliates earn an 11% referral commission rate
- Fame Guild VI ranked affiliates earn a 12% referral commission rate
- Fame Guild VII ranked affiliates earn a 13% referral commission rate
- Fame Guild VIII ranked affiliates earn a 14% referral commission rate
- Fame Guild IX ranked affiliates earn a 15% referral commission rate
- Fame Guild X ranked affiliates earn a 16% referral commission rate
- Fame Guild XI ranked affiliates earn a 17% referral commission rate
- Fame Guild XII ranked affiliates earn an 18% referral commission rate
- Fame Guild XIII ranked affiliates earn a 19% referral commission rate
- Fame Guild XIV ranked affiliates earn a 20% referral commission rate
- Fame Guild XV ranked affiliates earn a 21% referral commission rate
- Fame Guild XVI ranked affiliates earn a 22% referral commission rate
- Fame Guild XVII ranked affiliates earn a 23% referral commission rate
- Fame Guild XVIII ranked affiliates earn a 25% referral commission rate
- Fame Guild XIX ranked affiliates earn a 26% referral commission rate
- Fame Guild XX ranked affiliates earn a 28% referral commission rate
- Fame Guild XXI ranked affiliates earn a 30% referral commission rate
- Fame Guild XXII ranked affiliates earn a 35% referral commission rate
- Fame Guild XXIII ranked affiliates earn a 40% referral commission rate
- Fame Guild XXIV ranked affiliates earn a 45% referral commission rate
- Fame Guild XXV ranked affiliates earn a 50% referral commission rate
Note that these referral commission are coded, meaning 50% is paid out on all cryptocurrency invested into Veqber Guild.
The coded nature of Veqber Guild’s referral commissions comes into play when lower ranked affiliates recruit.
E.g. You are Fame Guild XV rank and recruit a new affiliate investors. You are paid a 21% referral commission, leaving 29% still to pay out (50% minus 21%).
The system searches upline for a Fame Guild XVI or higher ranked affiliate to pay the remaining 29% out to.
Let’s say a Fame Guild XXII ranked affiliate is found next. They receive a 14% referral commission (35% minus 21% paid out).
This leaves 15% to be paid out to upline Fame Guild XXIII or higher ranked affiliates.
Note anytime a Fame Guild XXV ranked affiliate exists in the upline, they receive the full outstanding referral commission.
Fame Guild XXV ranked affiliates also receive the full 50% referral commission on personal recruitment, meaning nothing is passed upline either.
Rank Achievement Bonus
Veqber Guild rewards affiliates for qualifying at Fame Guild XXI and higher with the following one-time Rank Achievement Bonuses:
- qualify at Fame Guild XXI and receive $1,000,000
- qualify at Fame Guild XXII and receive $2,000,000
- qualify at Fame Guild XXIII and receive $3,000,000
- qualify at Fame Guild XXIV and receive $4,000,000
- qualify at Fame Guild XXV and receive $5,000,000
Joining Veqber Guild
Veqber Guild affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $100 investment.
Veqber Guild solicits investment in various cryptocurrencies.
Veqber Guild Conclusion
While novel, Veqber Guild’s marketing ruse is pretty shallow.
This is a story of commitment, innovation and prosperity — a thriving guild that rewards those who dare to imagine an alternative future in which your personal story to revolutionize decentralized finance will be created.
In a nutshell, Veqber Guild represents itself to be a mysterious guild tied to “financial guilds” that date back to the 19 century.
In reality it’s a cookie-cutter MLM crypto Ponzi that’s barely a few months old.
Proof in the pudding lies in Veqber Group’s non-existent executives, and failure to register itself with financial regulators in any jurisdiction.
This constitutes securities fraud, which goes hand-in-hand with Veqber Group running a Ponzi scheme.
Veqber Guild’s business model also fails the Ponzi logic test.
If Veqber Guild is already able to generate 5.2% a day through trading, what do they need your money for?
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Veqber Guild of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 21st October 2023 – Veqber Guild has collapsed.
About the timezone – you’re wrong on that. UTC+2 in Russia is used only in Kaliningrad Region, Saint Petersburg and the rest of the Northwestern Federal District use UTC+3, or Moscow Time. That doesn’t rule out the possibility that the video might have been shot in Kaliningrad.
Ukraine is also a contender though, the country uses UTC+2 in winter (in the screenshot there is a date in November 2021). Baltic countries may also be a possibility on the same basis.
I sourced that from Wikipedia:
en.wikipedia.org/wiki/UTC%2B02:00
It says the Northwestern Federal District uses UTC +2 year-round.
edit: Ah I see what you mean about St. Petersburg. Good catch and TIL.
I’ll update the intro, thanks.
I can see why you got that kind of confusion – seeing “Northwestern Federal District” sounded the bell that the whole region is in that timexone. However, if we look at UTC+3 article, it says:
Got it. I still think the video was shot in Russia but I edited out St Petersburg specifically.
I still think St Petersburg is where these particular Boris CEO scammers are operating from. We’ve seen St Petersburg pop up a few times in recent Boris CEO Ponzis videos.
Haven’t seen any Boris CEO videos out of Ukraine, pretty much since the war began. The videos being shot in Baltic countries would be a new development (I think we’ve only seen Belarus used recently).
A good point that was brought up in one of the Veqber leadership Telegram channels was that all the Veqber Financial Reports that Veqber have published as proof of being real are written in broken English with terrible grammar and many simple spelling mistakes… yet they claim that the Veqber trading company is a division of a 100 year old distinguished Financial English Guild.
As if a prestigious English Guild would ever do or allow such a thing.
The leader of the TG group said that the reason for the bad English was that he translated the English reports into other languages and then back into English using a translator (What!?¿) and he accidentally posted those re-translated reports (over & over again).
So first of all he said that he was manipulating the hallowed Financial Reports into other languages and secondly that Veqber were not the one’s publishing the reports that are available online… not recognizing that, if true, both things are extremely problematic.
When asked point blank if he could immediately post the original and true Veqber released English report that he had just “translated” all he did was make excuses and stall and stall and stall.
So yeah, all those “Veqber Financial Reports” that prove that Veqber is real are in reality just made up bs written by somebody who doesn’t even “English”.
The reason for the Eastern European accent could be because Veqber is actually registered in Reykjavik
1. Iceland isn’t in eastern Europe.
2. That’s the details of the registrar, not whoever is running Veqber.
No thats not exactly true Tom Jarvis, although i dont trust their whole story and they are not operating from London their registration from Reykjavik has something to to with private registration.
A company can pay extra to be anonymus and click on the Withheld for Privacy Purposes service. You can read about it here.
namecheap.com/security/domain-privacy-service.
I do some programs and they all would be registered from Iceland which they are 100 % not but the owners wants to be unknown.
Did you notice that commissions ARE NOT taken out of the deposits of those introduced? Paid out of Veqber’s trading profits.
What if it IS legitimate and their money is made out of trading? How many people would be robbed of an opportunity?
First MLM Ponzi? Feel free to prove your claims with audited financial reports filed with regulators. This is a legal requirement.
No need for “what if”. Veqber Guild is committing securities fraud, which by definition makes it illegitimate.
Aaaaaaand it’s gone. bUt WhAt If It’S lEgItImAtE?
Seems work and website still up and running. I registered to check. No investment. Any further updates on this “platform”?
I cannot upload picture on here though.
Withdrawals are disabled. Veqber Guild has collapsed.