DexCar Ponzi scheme shut down by Italian authorities
DexCar was a matrix cycler scheme launched in 2014.
You’re forgiven if you’ve never heard of it, I hadn’t either. Promotion for DexCar in English is non-existent.
Through a series of six 2×3 matrices, each requiring fourteen positions to be filled, DexCar affiliates recruited their way towards use of a car.
Each matrix position cost €390 EUR, with cars available starting with economical hatchbacks to Maserati and Porsche models after the sixth matrix tier.
DexCar affiliates also received cash bonuses (ROIs) when they cycled out of the six matrix cycler tiers.
As I understand it, DexCar provided the cars for use along with insurance, maintenance and tire changes. Everything else is paid by the qualifying affiliate.
After two years and more than €10 million EUR spent, only 84 out of 23,000 DexCar affiliates received a car to drive.
Following an investigation, a fortnight ago Italian authorities moved in and shut the scheme down.
DexCar itself appears to be a German company that operates from a Swiss domain (“dexcar.ch”).
A visit to the DexCar website today reveals a seizure notice:
A press-release issued by the Guardia di Finanza states DexCar was shut down as part of operation “Dream Car”.
In essence, the mechanism in place is nothing more than a pyramid scheme (better known as “ponzi scheme” or “chain letters”), where the gain of an individual member is derived by the direct or indirect recruitment of a number of participants which in turn pay predetermined amounts.
Guardia di Finanza are a division of Italy’s military police and are responsible for dealing with financial crime and smuggling.
The regulator claims DexCar’s business model
continues to operate as long as there are individuals at the base of the pyramid who pay entry fees, guaranteeing those who already joined advancement through (matrix) levels.
Entry of new (matrix) system allows subscribers to those who had already adhered to climb to a higher level and so on, from level to level.
Participants who are located at the base of the pyramid will recover their initial investment only if a large number of new participants (with their initial investment) join the scheme.
Brothers Marco and Fabio Gai are credited as the owners of DexCar. Italian media reports suggest the pair have been arrested.
Dexcar started in Germany. This is the original text from the german Handelsregister (register of companies, commercial register):
In Oktober 2014 they changed the name and changed the CEO. (Sorry, my english is not so good, I’m a german.)
I’ve forgotten this: They startet in 2014 with only 800 Euro!
“Stammkapital: 800,00 EUR.”
What’s the bet most of that 800 EUR was ploughed into preloaded matrix positions?
If dexcar is shut down , why is still working all over europe?
If they are criminals, why they are still among us?
If, then, else… The best way to drive yourself to the truth.
It isn’t. DexCar’s website domain was seized and you’re in denial.
The owners of DexCar? Arrested by the Italian authorities.
Best of luck with the alternate reality you’ve got going there.
dexcar.ch never had their headquarter in SCHWEIZ. Domains with .ch suggested the Schweiz as a location for business. The last imprint from dexcar.ch shows this:
ESSEN is a town in Germany.
In Germany it is possible, to found/establish an “UG” with only 1 Euro! That means, it gives NO liability of partners!
If an “UG” works in Germany, they must show the correct name in this form: “Dexcar Autovermietung UG (haftungsbeschränkt)”
typing that out from a jail are ya?
It is booming business in the Netherlands. Is it wise to start with them? To order a new car? To listen to their story’s?
Is there some one from Italy who already drives a car , as they preach…
What part of “DexCar was shut down by authorities in Italy for being a Ponzi scheme” are you not understanding?
Here is an article about Dreamcar/Dexcar from the german network-portal “Network-Karriere”:
I have entered into business with DexCar (deposit of € 1.000) and I have been paying € 599 each month for 7 months now.
Next month I should receive my car but I still haven’t heard from them. I am a bit worried now if all my money (€ 5.193) is gone.
Perhaps I should just pay then next € 599 and hope things will work out well… 🙂
Dear mr.van Wijk,
Why did you deposit a 1000 euro for a Dexcar startup, while 1 deposit only (547-932-1352) euro is required to obtain your car.
Paying 599 euro for 7 months doesn’t make any sense to me. Pls. explain. BTW I’m not a member yet.
How come, the German site is still up?
Hello everyone involved,
I’m not a member of this stupid game but in my it’s a big scam and only a fool can believe the tale about the car for free.
Now they started their business in the Czech and Slovak republics. Pls (the one who reads these page) be careful and do not start this game!!!
Pls share your expirience and knowledge about this monkey business with other people!!!!
Dear All, it is a big scam. DO NOT ENTER INTO ANY BUSINESS with them In SK or Czech. I know some of the inside people and they are all crooks.
Is there anyone here who drives a dexcar car? I can see that this game starts and in other countries, is it possible to be truth?
The only “truth” is the only source of revenue entering the company is from new affiliates.
Recycling affiliate fees to pay affiliates = Ponzi scheme.
Here people receive the car keys!
Date of video 28th May.
DexCar shut down on June 25th.
Scammer checks out as scammer.
why is everybody so negative?
what if.. its a good buiz, try first to gather knowledge, than make your point, or just say NOTHING.
DexCar’s business model and is not unknown. The compensation plan is clearly a Ponzi cycler.
What if? When you have to throw logic and reality out the window to market your business something is terribly wrong.
I will let you know. Im in the scheme with smart people, and the Italian issue is explanatory.
If I dont forget I will let you know the reality 🙂
Can anyone who joined dexcar tell me there experience? I think it is one big scam.
hello people! any other news for this company? is it reliable or not?
it still works in some countries and it really seems to me that many of us can be benefit from that. please correct me if u have proofs.
Unless you’re the admin or an early investor, investing in Ponzi schemes will reliably lose you money.
So yes, DexCar is reliable in that sense.
Actualy he is right, Dexcar dealers are still active in Europe, even now. I was just asked to look at this opportunity. It is still active (I do not say it is right), so calm down a little bit 🙂
DexCar might still be operating in other areas, but that doesn’t change what happened in Italy.
dexcar.it and dexcar.ch site not working.. but dexcar.de works fine.. who is right? Italian or German authorities ?
and if dexcar was shutdown in Italy.. what about for the members arleady paid ? thx
A scam having multiple domains does not equate to legitimacy in the jurisdiction a domain was registered.
DexCar is a Ponzi scheme as per its business model. This is irrespective of whether authorities have shut it down in every country it operates.
The same if DexCar wasn’t shut down, they’ve lost their money.
The Italian reports that suggest the owners were apprehended are here:
At the very least it sounds like they’re fugitives.
Any updates on this company? At least in Netherlands it seems they are growing big. They are even displayed at exhibitions with the car.
Can anybody find the % between affiliates paid their money, and affiliates really driving a car?
Is the affiliates deposit money (like 547 euro) the only source of money to get the cars funded by Dexcar, or are there more sources (like sponsoring)?
They present it as they have 4 business units, 1 “normal” car rental company, 1 lease company, 1 “MLM”/affiliate company (the scheme this topic is referring to) and 1 non-profit car help organization (helping poor people in rural areas to drive ocassionaly a car for free).
So the 2 other unites of car rentals and car leasing, should “subsidize” the scheme as well. If that is true, then it can work, but if this a lie and the scheme is only funded by new money coming in from affiliates on the “waiting list”, eventually it will collaps in every country.
In Italy it was 84 out of 23,000 or so affiliates (0.3%) before regulators shut DexCar down.
Oz, I understand that you are sure that Dexcar is a scam. I’m a lambda person, thinking of investing into it (but I still need more informations and securities). A Ponzi scheme relies strictly on new people entering the process.
Here Dexcar does not rely strictly on new entrants. They are buying cars half the price and the sell them 2 years later at something like 1/3rd of their full price. So they make benefits and they create richness as they are buying cars.
So this in not in line with a Ponzi scheme whiche by essence does not create any richness. But I hear your arguments, even though I really think that in Italy people got scared.
Your articles are no proof that Dexcar lost any juridic thing.
Of all your arguments, I’m more worried about the 84 cars out of 23000 that were provided. Where does it come from? I like this thread 😀
Come on mate. You know very well you have no proof to back that up.
The only verifiable source of revenue entering DexCar is affiliate investment. Using that to pay a ROI makes DexCar a Ponzi scheme.
Admins spend a token amount on funds they steal from gullible people who believe they’re making money selling 2nd hand cars.
Oh and that’s some classic Ponzi math you’ve got there.
Buy at 50% and sell at 33% = profit? Rightio then.
There’s a presentation planned in Berlin, Germany later today by a Ulf Sabinarz who, according to his FB profile is a former Weeconomy = Flexkom = SCAM! rep.
There’s a link to (Ozedit: broken link removed) (dreamcar-for-you) and he’s also involved in some Evo Binary/Forex crap.
In Sept. 2016 Belgian consumer afairs office already warned against it, declaring it a pyramid scheme and there’s no Dutch website or info to be found..
Need any more convincing ??
Ah, that’s why I couldn’t find any info in Dutch.
They are operating under a different name, which I won’t mention here but clearly using the Dexc@r logo.
According to the photo’s, Dutch presentations are given using overhead sheets IN ITALIAN! language.
Sure, really reliable! NOT!
@Emjay had to remove that link, you posted it with an ellipsis (…) in the middle.
Oz, you seem knowledgeable about Dexcar, I have a friend who invested in dexcar Italy. Who says an Attorney contacted him about receiving 1.4 m of his investment back, due to the authorities shutting Dexcar down, they want him to pay, $2700 USD to transfer his money.
I would appreciate your opinion on this.
I have a hard time beleiving someone invested $1.6 million into DexCar.
In any event your friend should be getting in touch with Italian authorities. I wouldn’t be handing money over to a lawyer.
I have been to a DexCar presentation yesterday in my hometown, in Romania. We were supposed to pay at least 547 EURO for being put on a waiting list, in order to receive in the next 24 months a car of 15000 EURO.
The business is at the beginning in our country (since the spring of 2016) and so far only 20 people received their cars, but the number of those who payed and are waiting for the cars is quite larger.
I do not believe this matrix scheme is functioning. It can break anytime. If it were legal and efficient, why wouldn’t the big car producers adopt it by themselves?
The company is not German, only the head office is in Germany, founded by two Italians convicted of tax fraud in Italy, registered capital of 800 € which is not even enough for a car.
The Guardia di Finanza in Italy has obscured and prohibited work to these people, they deliver about 20 machine to their representatives and then pocket the money from others.
The system matrix which divide means that it takes about 400 people to pay for a car. The system has been widely found in Italy, used google and look for various Italian sites to understand how it works.
It is a pyramid scheme in Italy vietato. In Italy are founded by people cheated groups waiting for reimbursement, first promising car in 8-12 months, and then wait 24 with nothing.
Use google for translation.
following specified a link to a classic presentation but do not really explain how it works.
if you pay attention you’ll understand better though in Italian, after that you will appear in the preliminary matrix takes eight others to make sure that you come up to position 8 ie you to Angela.
at this point take place of Michael, as you can see from the video matrix splits and below you arrive 8 other people, if you want to reach the place of Daniela you have to wait another 8 persons under you riempino the box, but ovviamete to be able to move all the times you have to wait for 8 persons entering new.
this movement given by continuous splitting means that out of the first table we do not want 15 people …. but but many more that 8 every shift of four levels of course …..
the video stops after the first split otherwise everyone would understand the joke, you always have to wait for eight people for each position of the second preliminary matrix and for a main and eventually get the car … .just that the latest entry to be hoped that Flash 3/4 discover other lands in a universe parallel on why to cover the cars throughout Italy it takes the population of 4 lands combined.
from minute to minute 10:15 10:38 of the video presentation. This of course they do not ever explain otherwise only an ignorant would do this deal.
Presentation and denials in Italy at their birth:
Swiss / German -Company (false founded by two Italian offenders and convicted of tax fraud with headquarters in Essen and now removed .ch domain by the financial police, recorded in Italy in Padova)
-Company Leader in the sharing economy (false has nothing was registered at the chamber of commerce as a multi level marketing MLM)
-Company Awarded by the chamber of commerce (false the Chamber of Commerce does not issue premiums)
-Company Certified BDD touted as Consumers Union (false is not a union consumers but uses set of cooperating companies)
-Company That was also followed by sole24ore known magazine Italian economy (false had been paid an advertising article in a page for advertising, which was then cut and pasted below the headline)
-Company That promised to do more sales to dealers (ambitious but impossible given the gaming system)
After a year and a half of activity Consumers Union he has made a complaint, in June 2016 dexcar.ch site has been removed for investigation, in December 2016 AGCOM the National Regulatory Agency (Agency of state guarantees for trade) has ordered a halt to the activities of Italian ‘infringement company to pyramid scheme …..
at the first complaints have gone to seek their fortune in other countries like france spain netherlands romania …. in Italy at the time of the kidnapping have declared 23000 contracts and 180 cars delivered (the advisors promoters in Italy were 180).
Do you need more information “TRUE”.
@Oz @Marco @Melanie
Thank you for your time and for the info… I was ready to call dexcar.gr .. (of course I wasnt going to pay in front for services I hadnt receive…)
ahhh… the promoter of dexcar.gr is also the promoter of ekpaideysi4.webnode.gr/ also known as cityclub which is a pyramid type of business..
The conclusions are yours… … ponzi scheme… …SCAM…. ΑΠΑΤΗ … ARNAQUE…
And what about these videos? (Ozedit: Marketing spam removed.)
What about them? Marketing spam on YouTube featuring undated footage doesn’t change what happened in Italy, or that DexCar is a Ponzi scheme.
Oz you edited my comment and you don’t let the videos being published in this post. (Ozedit: Correct. Marketing spam is not allowed here.)
How does a video prove/disprove a business is a ponzi scheme any way?
Clearly Thodoris is just too lazy explain the evidence. Maybe it’s a language problem?
What amazes me is that throughout Europe this system is catching on, and do not understand how the foreign authorities do not intervene to stop this system in Europe is illegal in all states but still have important knowledge? Are covered by someone?
It is fetched as everything is clear yet continue to move forward.
Many negative reviews start coming also from France Germany and Eastern European countries, and after they say that Italians are stupid …. their knowing of the fraud continue to recruit people these schemes in Italy were the first to notice this thing, closing the website denouncing 8 companies affiliated to them and then secure it by the guarantor of the trade …. yet …. abroad do not listen what happened in Italy.
the their site obscured the Italian language removed from the menu in Germany where “formally” existed this company continue to work … slow justice in Italy very slow in europe.
Thank you for this huge piece of evidence and information.
A guy here in Greece approached me and some colleagues with this idea-investment, at first it felt kinda odd, but who doesnt want a car for “free”?
After doing some research i finally came to this site, and i have to admit that what you say makes total sense to me, so yeah id rather buy a car normally than having a DREAM car indeed!
PS: and i was wondering why there is Italian language in a German site.
Someone just put an advertising yesterday in a Facebook page dedicated to second hand sales in Tenerife, Canary Island.
They said they could rent you a car for 540€ for 2 years, then they contacted all interested that let message in comments through private message, offering a meeting to explain how.
They insisted a lot that they wanted a confirmation to meeting assistance. When I asked then the name of the company, they told it’s dexc@r….
Thank you for all the information that you posted here.
There are still several dexcar websites online. How do you explain it?
You’ll notice none of those are Italian.
Ponzi schemes survive as long as there are gullible new recruits who sign up and invest.
2 years later, the situation is far from being regularized.
Given the promise of the Dexcar scam to distribute the vehicle, we should see 23,000 Dexcar cars on the road.
According to some accomplices of the Dexcar scam 700 cars would have been awarded (difficult to verify).
In any case, the system of 2 matrices of 15 positions, will limit to maximum 3% (pyramidal system).
Stupidly enough me and my husband decided to (each) have a try at dexcar.
We’re Italians. So far, after 24 months, I’ve only come to see *one* of their promised cars in all of Milan.
We already thought lille later we did the investment it was a bit fishy.
Especially because it would take an infinite amount of new subscriptions and it could never supply a car to all people in their grid, as it would need always new people to subscribe and follow down through the grid.
I did my math and therefore, once the 24 months were over, we asked for a refund of both initial payments.
So far, months have gone by with no reply.
For anyone even faintly believing in this scheme, as we did, it is a scam.
We lost more than 1000 euro to this. Seems little money, but when you realize you just gave it away for nothing, it becomes a lot.
So steer clear of these.
Current status of today:
dexcar.de – “Site under construction”
dexcar-hr.com – “The website is not accessible”
facebook.com/Dexcar-671108729654712/ – “moved to facebook.com/dexcarautovermietung.officialpage/”
A comment from July 13: