ZetBull Review: 6500% ROI Boris CEO Ponzi scheme
ZetBull provides no information on its website about who owns or runs the company.
ZetBull’s website domain (“zetbull.com”) was privately registered way back in May 2019.
The original version of ZetBull’s website was quite primitive:
The current version went live on or around March 2021.
In an attempt to appear legitimate, ZetBull provides UK incorporation details for ZetBull Limited.
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.
Finally ZetBull provides a marketing video on their website. The video was uploaded on June 19th and is the usual rented office production.
“Jack Pierce” is presented as a ZetBull senior manager. In the marketing video the actor playing Pierce has his likely Russian accent dubbed over.
I wasn’t able to ascertain the Pierce actor’s name. At [~0:40] into the video however another dubbed over actor appears:
“Sophie Cooper is played by Ekaterina Yakovleva, an actor from Moscow, Russia.
It follows that whoever put ZetBull together is thus also based out of Moscow, Russia.
Alexa currently ranks top sources of traffic to ZetBull’s website as Egypt (21%), Saudi Arabia (14%) and Russia (11%).
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.
ZetBull has no retailable products or services.
Affiliates are only able to market ZetBull affiliate membership itself.
ZetBull’s Compensation Plan
ZetBull affiliates invest $10 to $500,000 on the promise of advertised returns.
The longer a ZetBull affiliate invests for, the higher the paid return:
- 2.1% a day for 20 days
- 2.5% a day for 35 days
- 650% after 35 days
- 3.5% a day for 55 days
- 1500% after 55 days
- 3000% after 70 days
- 6500% after 100 days
Note that while investment amounts are quoted in USD, ZetBull only solicits investment in cryptocurrency.
ZetBull pays referral commissions on invested funds down three levels of recruitment (unilevel):
- 5% on level 1 (personally recruited affiliates)
- 2% on level 2
- 1% on level 3
ZetBull affiliate membership is free.
Full participation in the attached income opportunity requires an initial $10 to $500,000 investment.
ZetBull solicits investment in tether, bitcoin, litecoin, bitcoin cash, ethereum and dash.
ZetBull is yet another Boris CEO Ponzi scheme out of Russia.
The company represents it generates external revenue via
Trading on the stock market, the Forex market, and cryptocurrency exchanges.
No evidence of trading is provided. Nor does ZetBull provide evidence of external revenue of any kind being used to pay withdrawals.
As it stands, the only verifiable source of revenue entering ZetBull is new investment.
Using new investment to pay withdrawals makes ZetBull a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment slows down so too will new investment.
This will starve ZetBull of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.