ZSuite Global fails to provide ownership or executive information on its website.

ZSuite Global’s website domain (“zsuitepay.net”), was privately registered on June 2nd, 2024.

ZSuite Global launched as Yereq Geo Energy, or YGE International in early 2023.

Yereq Geo Energy was an energy-saving themed MLM pyramid Ponzi combo opp.

The pyramid side of Yereq Geo Energy saw affiliates purchase various energy saving devices with commissions paid on each sale.

The Ponzi side of Yereq Geo Energy saw affiliates invest $99 a month or $997 annually on the promise of shares and tokens:

Not too sure what the tokens were (failed crypto launch?), but the shares corresponded to a passive return paid out of 5% of company-wide investment.

Pretty poor for your typical MLM Ponzi but a Ponzi nonetheless.

Towards the end of 2023 the original YGE Energy pyramid Ponzi had collapsed. This promoted a “Zenyge” reboot in December 2023.

Zengye was more of the same pyramid Ponzi YGE International offered (click to enlarge)…

…but with a heavier focus on cryptocurrency.

In February 2024 ZSuite emerged as an AI grift within Zengye’s crypto offerings:

By March 2024 Zengye had collapsed again and been rebooted as ZSuite Global.

Yereq Geo Energy, Zenyge and ZSuite Global are run by John Wesley Rustin and Cynthia Rustin (aka Cynthia Ocariza Altman).

As per various social media profiles, the Rustins have ties to Hawaii, Nevada and California.

Prior to launching YGE International, the Rustins were running CJCLive Media.

CJCLive Media was a (non-MLM?) crypto pump and dump scam. On July 30th 2020, California’s DFPI issued CJCLive and the Rustins with a securities fraud desist and refrain order.

In the order DFPI summed up CJCLive’s business model as follows:

Rustin and Altman represented CJCLive as an online media company promising to pay users to upload videos onto its online platform.

The company supposedly partnered with a cryptocurrency company to create a cryptocurrency token for exclusive use on the CJCLive platform.

The company also sold streaming devices that allowed users to watch online video content.

Beginning at least as early as March 2019, CJCLive, Rustin, and Altman offered or sold securities in the form of stock as well as “Authorized Retailer” (“AR”) units – investment contracts – in California to at least 114 investors, at least 28 of which were California residents.

CJCLive’s “AR units” cost $3500 and were attached to shares (sound familiar?).

In connection with the offer or sale of these securities in this state, CJCLive, Rustin, and Altman made the following untrue statements of material facts:

a. That CJCLive would place 20% of the company’s monthly advertising revenue into the “20% Pool” that would be split among the investors. Each AR unit would be entitled to an equal share of the 20% Pool.

b. That CJCLive’s system had created over 100 cryptocurrency millionaires.

c. That an advertising sales target of $10 million would be easy for CJCLive to achieve.

d. That if CJCLive earned $10 million in advertising sales, an investor that owned five AR units could expect to make $10,000.00 in passive income per month.

e. That CJCLive would pay investors a $700.00 commission for each new investor they referred.

f. That $1 billion dollars in advertising sales was a realistic projection for CJCLive, and that for each five AR units owned, and investor could expect to earn $1 million in passive income per month.

g. That investors would be paid back tenfold on their investment.

h. That once CJCLive sold 1,000 AR units, every AR unit owner would be issued stock in CJCLive LLC

Of course none of that happened and, in violation of federal and state securities law, CJCLive investors were left bagholding worthless unregistered shares.

Pursuant to Corporations Code section 25532, CJCLive Media, LLC, John Wesley Rustin, Jr., and Cynthia Ocariza Altman are hereby ordered to desist and refrain from offering or selling or buying or offering to buy any security in California.

DFPI’s order also notes that, prior to his CJCLive scamming, Rustin was pinged for securities fraud by Arkansas back in 2009.

In connection with the offer or sale of these securities in this state, CJCLive, Rustin, and Altman also failed to disclose that the Arkansas Securities Department issued a cease and desist order against Rustin on June 9, 2009, finding that Rustin committed securities fraud and had offered and or sold unregistered securities.

Rustin’s 2009 Arkansas securities fraud cease and desist order pertains to Global E Network, Femey International, Femey Lifestyles and Shea Global Xchange.

The above entities were part of a “multilevel marketing business”, through which Rustin solicited $5000 investments on the promise of passive 10% annual returns.

Founders would make money in downline sales of distributors making retail sales of these products, but he also guaranteed them 10% on their investment per annum.

Of course this was all baloney and

by late October 2006, Rustin informed the investors that the investment … had not worked out.

At that point, Rustin informed the investors that the company’s name had changed to Shea Global Xchange (SBX).

SBX went on to collapse a few months later in February 2007.

In what appears to be an effort to mask it being run from within the US, ZSuite Global provides company registration details for Yereq Geo Energy LTD on its website.

Yereq Geo Energy LTD was registered in the UK through a PO Box in May 2023. John Rustin is the sole director of the company.

Yereq Geo Energy LTD was involuntarily dissolved via compulsory strike-off on December 24th, 2024.

Yereq Geo Energy LTD being dissolved is not reflected on ZSuite Global’s website.

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.

ZSuite Global’s Products

ZSuite Global has no retailable products or services.

Affiliates are only able to market ZSuite Global affiliate membership itself.

ZSuite Global’s Compensation Plan

It should be noted that ZSuite Global’s website currently markets an $88 a year ZSuite Rewards Global Membership. This membership provides access to various third-party discount services.

What we’re focusing on in this review is ZSuit Global’s new ZBot scheme, which costs $100 a month.

I’m not 100% sure but I believe the $88 annual membership is required to gain access to Zsuite Global’s ZBot scheme.

In any event, the MLM side of ZSuite Global pays on recruitment of affiliate investors.

Referral Commissions

ZSuite Global pays referral commissions on ZBot fees paid by recruited affiliates.

ZSuite Global pays referral commissions via a 3×12 matrix.

A 3×12 matrix places a ZSuite Global affiliate at the top of a matrix, with three positions directly under them:

These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first three positions into another three positions each (9 positions).

Levels three to twelve of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.

Positions in the matrix are filled via direct and indirect recruitment of ZSuite Global affiliates.

A $4.95 monthly commission is paid per affiliate recruited into the matrix with an active Zbot subscription.

Country Bonus

ZSuite Global affiliates who recruit one hundred Zbot membership affiliates receive a share in 5% of their country’s total ZBot membership volume.

Joining ZSuite Global

ZSuite Global affiliate membership is $88 annually. The Zbot scheme detailed in this review appears to cost an additional $100 a month.

ZSuite Global Conclusion

There have been numerous ZSuite Global iterations launched over the past year, including a debit card offering, “home based business financing”, “web3 smartphone nodes”, “global pay”, “monthly gold membership”, an AI chatbot and so on.

In August 2024 ZSuite Global began offering “daily crypto trading profits”:

As per the video description of an official

After costs, the net profit to investors has been consistently between 1.5% and 2% per trade 24 May 2024.

I’m not sure if that scheme is still active but, even if it’s not, it confirms at least on some level ZSuite Global has committed securities and commodities fraud.

Neither ZSuite Global, John Rustin and Cynthia Rustin are or have ever been registered with the SEC and CFTC.

Looking at what ZSuite Global is currently offering, we have a simple pyramid scheme built around Zbot.

Zbot is pitched as an AI assistant that markets ZSuite Global. In other words, you pay a fee for a marketing tool to earn commissions on recruited affiliates who pay the same fee.

It’s a closed-loop pyramid scheme with nothing marketed or sold to retail customers.

Two other points of interest are ZDUES, Capital Smith Investments Group LTD and money laundering.

ZDUES is a shitcoin attached to ZSuite Global. For now it doesn’t appear to be anything more than a pump and dump scheme. A ZDUES whitepaper however details a receipts reward scheme and implementation of a staking Ponzi scheme.

Those don’t exist yet (as far as I know) and, given John Rustin’s habit of promising and then not delivering (see previous securities fraud orders), who knows if they will.

Where we can definitively nail ZSuite Global on securities fraud is Capital Smith Investments Group.

Capital Smith Investments Group presents itself as a scheme run by Chinese scammers, but everything points back to ZSuite Global and John Rustin.

Just on a quick tangent, I couldn’t help but notice Yereq Geo Energy early marketing was also in Chinese. It seems Rustin might have some interesting friends he runs his various scams with.

From the description of the official ZSuite Global Capital Smith Investment Group marketing video linked above, participants invest $599 and receive a “CapitalSmith Diamond Membership Visa Card”.

Membership also provides access to various trading ruse unregistered investment schemes, run through an SMS shitcoin.

Using the Binance AI Trading Bot earning up to 1.2% a day deposited to your secured crypto credit card.

CapitalSmith Mobile DAPP Best Used for Mobile$10,000 earns $120 daily in USDT, plus Mint and Earn another 1.5% daily on your earnings Minting generating up to 2.7 % Daily SMS scarcity is real!

Investment amounts solicited appear to be $500 to $13,000.

Of note is Capital Smith Investments Group LTD’s and ZSuite Global’s misrepresentations about regulatory compliance.

Capitalsmith has been officially recognized in the UK and has been granted the globally authoritative MSB financial licence.

Upholding the grand vision and forward-thinking perspective of our parent company Fundsmith, we are poised to actively advance the application process for a financial license with the US Securities and Exchange Commission (SEC).

This is from December 2024 and today, neither Capital Smith Investment Group or ZSuite Global are registered with the FCA in the UK, or the SEC in the US.

Finally there’s money laundering, which ties into ZSuite Global representing itself to be a decentralized bank.

On its website ZSuite Global markets a “free decentralized financial center account”.

Open your secure and seamless decentralized checking account in minutes.

No SSN or ITIN required – perfect for underbanked communities.

Ability to buy/sell/swap crypto to easily onramp and offramp crypto to FIT and vice versa.

Decentralized banking and money remittance are touted as two primary marketing points:

Along with plans to launch “30 financial centers in 20 states” across the US, aimed at onboarding thirteen million US residents:

As far as I can tell this is a cover for money laundering. No KYC checks take place and the whole “banking” side of ZSuite Global operates in violation of US banking and finance law.

As to ZSuite Global’s Zbot scheme, as with all MLM pyramid schemes once affiliate recruitment dries up those at the bottom of the pyramid scheme will stop paying monthly fees.

This will see those above them stop getting paid and, unless new recruits are quickly found, eventually they too will stop getting paid.

Once enough ZSuite Global affiliates inevitably stop paying monthly fees, an irreversible collapse is triggered.

Math guarantees that when an pyramid scheme collapses, the majority of participants lose money. That’s on top of losses incurred by the endless side fraudulent investment schemes dating back to Yereq Geo Energy over the years.