Xabo Logistics Review: Crowdfunded subletted shipping containers?
The Xabo Logistics website identifies Sir Harvey Bowen as CEO of the company.
Sir Bowen is a graduate economist and Canterbury University Ph.D.
His path began in the civil fleet Naval US. Academy, where he was able to successfully got his MBA with a scholarship, worked as vice president of Philips.
With the New Year in 2015 after the approval from the Queen of Great Britain, he was awarded the title of knight.
If that didn’t sound dubious enough off in and of itself, a quick check of the 2015 New Year Honors list reveals no Harvey Bowen was knighted in 2015. There’s nothing linking him to Philips either.
Put simply Harvey Bowen, as represented on the Xabo Logistics website, doesn’t exist.
A corporate address in Stockport, UK is provided on the Xabo Logistics website. Further research reveals this address actually belongs to an unrelated chartered accounting firm.
Xabo Logistics was incorporated in the UK on November 2nd, 2016. Joseph Morgan is listed as the sole Director of the company.
The address provided for Morgan belongs to an unrelated coffee and tea shop. Needless to say Joseph Morgan probably doesn’t exist either.
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 Xabo Logistics Product Line
Xabo Logistics has no retailable products or services, with affiliates only able to market Xabo Logistics affiliate membership itself.
The Xabo Logistics Compensation Plan
The Xabo Logistics compensation plan sees affiliates invest $10 or more in bitcoin on the promise of an advertised daily ROI of up to 5%.
Xabo Logistics guarantees you an income of 150% profit, streaming into your personal account by regular payments up to 5% a day.
The more an affiliate invests the “faster” the 150% ROI is paid out (a ROI of up to 7% a day is advertised).
Referral commissions are available on funds invested by recruited affiliates, paid out down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 7%
- level 2 – 3%
- level 3 – 1%
An additional 1% is paid on reinvestment across all three offered levels.
Joining Xabo Logistics
Xabo Logistics affiliate membership is tied to a minimum $10 investment.
The story Xabo Logistics have spun to explain their ROI offering is as phony as the company details they provide.
Financial logistics company Xabo has become one of the first crowdfunding sea freight organization in the market by implementing the idea of subletting free space lots in the cargo containers of the major maritime shipping companies.
Thanks to the excellent implementation and experienced staff, we now have a place on the ships from all major companies in the UK and some other countries – official Xabo partners.
Our investors can purchase a cargo space, investing almost any amount of money. Today, thousands of lucky, get to know our platform, which can guarantee you a stable income, wisely manage of your investments, and continue do whatever you want in a meantime.
Every Xabo platform investor can get up to 150% profit with no need of learning and getting skills in the shipping industry.
Simple as that: sign up, invest your money in your personal account and get paid daily!
Crowdfunding shipping containers? Come off it.
The scammers running Xabo Logistics would have you believe they buy up empty space on cargo ships, something something, hey what do you know 7% a day.
And even if Xabo Logistics were buying up unused space, if the shipping companies themselves can’t sell it, who is buying from Xabo Logistics at an even higher rate to cover daily ROIs of up to 7%?
Nobody, that’s who.
Xabo Logistics is set up with completely bogus information and is run the same as any other Ponzi scheme.
New affiliate money enters Xabo Logistics and is used to pay off existing investors.
Once affiliate recruitment slows down, so too will new funds entering the scheme. This will prompt a collapse, at which point the majority of Xabo Logistics affiliates will lose money.
Automatic reinvestment will mean most Xabo Logistics affiliates will believe they’re earning a fortune when in reality that money doesn’t exist. Unfortunately this won’t be a point realized until more has been withdrawn company-wide than invested.
The use of bitcoin also means the anonymous scammers running Xabo Logistics will likely get off scot-free. Best of luck recouping your money from scammers unknown operating from who knows where.