Zomoney Review: 2% a day bitcoin Ponzi scheme
Zomoney provides no information on its website about who owns or runs the company.
Zomoney’s website domain (“zomoney.com”) was first registered in 2010.
The registration was last updated on April 17th, 2021. Zomoney’s current website went live on or around June 2021.
Despite only existing for a few months, Zomoney falsely claims it was “started in the year 2018”.
Zomoney’s official Facebook page was created on June 18th, 2021. It is managed by one user in India.
This strongly suggests whoever owns Zomoney is based out of India.
Another possibility is the usual Russian/Ukraine scammers. This is based on a July 2021 Zomoney marketing video, featuring several actors with eastern European accents.
In the video an actor with a strong accent is presented as Zomoney CEO Dave Wiltshire:
Boris CEO actors are a calling card of Russian and Ukrainian scammers.
In an attempt to mask its Indian and/or eastern European origins, other Zomoney marketing videos are narrated with a robo voice.
While it’s not mentioned on their website, I noticed Zomoney have started to claim they’re “registered in the US” on Facebook:
Meaningless as basic incorporation would be for due-diligence, as far as I can tell this is another lie.
Alexa currently ranks top sources of traffic to Zomoney’s website as the US (98%) and Moldova (0.6%).
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.
Zomoney has no retailable products or services.
Affiliates are only able to market Zomoney affiliate membership itself.
Zomoney’s Compensation Plan
Zomoney affiliates invest bitcoin on the promise of advertised returns.
- Package 1 – invest $100 to $4999 and receive 1.5% a day for 200 days
- Package 2 – invest $5000 to $29,999 and receive 1.75% a day for 200 days
- Package 3 – invest $30,000 to $49,999 and receive 2% a day for 200 days
- Package 4 – invest $50,000 to $99,999 and receive 2.25% a day for 200 days
- Package 5 – invest $100,000 to $149,999 and receive 2.5% a day for 200 days
- Package 6 – invest $150,000 to $300,000 and receive 3% a day for 200 days
Note that while USD investment amounts are quoted, Zomoney only accepts investment in bitcoin.
Also note that Zomoney only pays withdrawals on the 11th and 26th of each month.
A 10% withdrawal fee is applied to all Zomoney affiliate withdrawals.
Zomoney affiliates receive 10% of bitcoin invested by personally recruited affiliates.
Zomoney pays residual commissions 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 first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day Zomoney tallies up new investment volume on both sides of the binary team.
Affiliates earn 10% of new volume on their weaker binary team side.
Note that residual commissions are capped based on how much a Zomoney affiliate has invested:
- Package 1 tier affiliates earn up to $2000 a day
- Package 2 tier affiliates earn up to $3000 a day
- Package 3 tier affiliates earn up to $5000 a day
- Package 4 tier affiliates earn up to $12,500 a day
- Package 5 tier affiliates earn up to $20,000 a day
- Package 6 tier affiliates earn up to $40,000 a day
Once paid out on, investment volume is matched against the stronger binary team side and flushed.
Leftover volume on the stronger binary team side carries over.
Zomoney affiliate membership is free.
Note that full participation in the attached income opportunity requires a minimum $100 investment in bitcoin.
Zomoney claims it generates external revenue via cryptocurrency trading.
We use (ZO) AI trading bots which are specially designed for ZoMoney.
No evidence of trading is provided. Nor is there any evidence of Zomoney using external revenue of any kind to pay withdrawals.
As it stands the only verifiable source of revenue entering Zomoney is new investment.
Using new investment to pay withdrawals makes Zomoney a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Zomoney of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.