Vexam Review: 5% a day Ponzi aimed at Andrew Tate fans
Vexam fails to provide company ownership or executive information on its website.
Vexam’s website domain (“vexam.com”), was first registered back in 2002. The private registration was last updated on July 8th, 2022.
This is on or around when Vexam’s owner(s) took possession of the domain.
SimilarWeb currently tracks top sources of traffic to Vexam’s website as Russia (18%), Indonesia (8%), Brazil (8%) and Ukraine (7%).
In an attempt to appear legitimate, Vexam claims it’s “a UK incorporated commercial company”.
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.
Of note is Vexam’s use of JivoChat on its website for support. JivoChat is typically used by Russian and Ukrainian scammers.
Supporting this is Vexam’s official marketing video being a CGI job with a robovoice dub:
This is typically the work of non-native English speakers. Poor grammar in the video and on Vexam’s website further supports this.
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.
Vexam has no retailable products or services.
Affiliates are only able to market Vexam affiliate membership itself.
Vexam’s Compensation Plan
Vexam affiliates invest funds on the promise of an advertised return:
- Essential – invest $25 to $4999 and receive 220% over 30 days
- Vanguard – invest $5000 to $400,000 and receive 300% over 40 days
Vexam pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 2%
- level 3 – 1%
Vexam affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $25 investment.
Vexam solicits investment in USD through Perfect Money, as well as various cryptocurrencies.
Vexam represents is generates external revenue by “auto trading on your assets”.
We offer you automatic management of your financial assets, offering guaranteed profits from two investment plans.
Our trading experts will comprehensively take care of your financial resources, allowing you to achieve full-fledged passive income every day.
Aside from their being no evidence of external revenue being used to pay withdrawals, Vexam’s business model also fails the Ponzi logic test.
If Vexam already has “trading experts” generating 5% a day on a consistent basis, what do they need your money for?
The answer is there is no trading. All Vexam are doing is recycling newly invested funds to pay withdrawals.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Vexam of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.