Connect with us

crypto scam

Nexus &NXR Global – Crook Review

Published

on

Nexus Rewards is a spin-off of NXR Global.

You may confirm this by trying to access NXR Global’s former website at “nxrglobal.com.” The domain leads to Nexus Rewards at the time of posting.

Nexus Rewards and NXR Global are linked to David and Bob Bremner (right), who have been behind a number of MLM enterprises in recent years, along with other family members.

BehindMLM began following the Bremners’ MLM exploits using vStreamTV in 2015. IXQ TV was finally launched in place of vStreamTV.

vStreamTV and IXQ TV both sold unauthorized streaming material, prompting the MPA to shut down IXQ TV in late 2019.

This led to the introduction of Lifestyle Connections in early 2020. Lifestyle Connections was a dormant savings subscription service.

Pyur Global, another Bremner family firm, was founded in 2016. Pyur Global sold a variety of nutritional supplements as well as a “iHeart Device.”

The Bremners were notable for managing efforts to transfer victims of the Noble 8 Revolution Ponzi, the majority of whom were elderly, into Pyur Global.

Pyur Global was relaunched as Pyur Life in April 2019. Pyur Life’s website is still operational, however traffic on SimilarWeb is insignificant.

BehindMLM initially came across NXR Global in marketing materials for Lifestyle Connections. Lifestyle Connections claimed to be “driven by NXR Global.”

NXR Global served as a sort of parent corporation for the Bremners’ many MLM ventures throughout the years.

The DNS for NXR Global’s website was last updated on November 2nd, 2021. Nexus Rewards’ domain “mynexusrewards.com” was privately registered on January 4th, 2022.

The Bremners run their multiple MLM businesses via Nutronix Revolution, a Virginia corporation based in Mechanicsville.

Rather than just admitting ownership of Nexus Rewards, the Bremners are promoting Art and Rob Phelps as co-founders.

Since the beginning of Nutronix International (2008, maybe late 2007), the Phelps have been connected with the Bremners’ MLM chances.

Continue reading for a comprehensive analysis of Nexus Rewards’ MLM offer.

Products from Nexus Rewards
Nexus Rewards does not provide any retailable items or services.

Membership in Nexus Rewards grants access to “savings and cashback apps.”

The Compensation Plan of Nexus Rewards
Nexus Rewards affiliates pay $10 to sign up and $21.95 each month after that.

When they attract others who do the same, they are paid commissions.

Affiliate Ranks at Nexus
Nexus Rewards’ incentive structure includes eleven affiliate ranks.

They are as follows, along with their respective qualification criteria:

Sign up as a Nexus Rewards associate and you’ll continue to pay $21.95 each month.
Pro – find and keep 5 Affiliates
Pro 25 – build and sustain a downline of 25 affiliates.
Pro 50 – build and maintain a team of 50 affiliates.
1 Star – Build and sustain a downline of 100 Affiliates.
2 Star – build and manage a network of 200 affiliates
3 Star – build and sustain a downline of 400 affiliates
Diamond – build and manage an 800 affiliate downline
DD Diamond – build and sustain a downline of 1500 affiliates.
DDD Diamond – build and manage a network of 3000 affiliates.
Ambassador – build and manage a network of 5000 affiliates.
Nexus Rewards pays recruitment commissions using a unilevel compensation system.

In a unilevel compensation system, an affiliate is put at the head of a unilevel team, with every individually recruited affiliate placed right under them (level 1):

If any level 1 affiliates acquire new affiliates, they are assigned to the original affiliate’s unilevel team at level 2.

If any level 2 affiliates recruit new affiliates, they are promoted to level 3, and so on for an unlimited number of levels.

Nexus Rewards has a limit of six paying unilevel team levels.

Recruitment commissions are paid as a proportion of affiliates’ monthly fees paid to the unilevel team, as follows:

level 1 (personally recruited affiliates) – $10 level 2 (must recruit and maintain two affiliates to unlock) – $1 level 3 (must recruit and maintain three affiliates to unlock) – Level 4 50 cents (must recruit and maintain four affiliates to unlock) – Level 5 50 cents (must recruit and maintain five affiliates to unlock) – Level 6 50 cents (must recruit and maintain six affiliates to unlock) Nexus Rewards affiliates earn a $5 Coded Bonus on the second and fourth recruitment made by affiliates they’ve directly recruited.

The second level second and fourth recruit $5 Coded Bonuses are then handed up, and so on.

Coded bonuses are given out as long as “coded” downline affiliates pay $21.95 each month.

Infinity Payment
Infinity Pay includes a bonus from the unilevel team’s level 3. In addition, Infinity Pay extends recruitment commissions beyond the first six tiers.

Affiliates rated in the Pro 25 receive an additional 25 cents on level 3 down to the next Pro 25 or above in each unilevel team leg.
Affiliates rated in the Pro 50 get an additional 25 cents on level 3 and an additional 50 or higher cents on level 4, down to the following Pro 25 in each unilevel team leg.
Affiliates with 1 Star get an additional 25 cents on levels 3, 4, and 5, down to the next 1 Star or above in each unilevel team leg.
Affiliates with two stars get an extra 25 cents on levels three, four, five, and six, down to the next two stars or higher in each unilevel team leg.
Affiliates with three stars get an additional 25 cents on levels three, four, five, six, and seven, down to the next three stars or above in each unilevel team leg.
Diamond-ranked affiliates get an additional 25 cents in each unilevel team leg DD on levels 3, 4, 5, 6, 7, and 8, down to the next Diamond or higher. Diamond affiliates get an additional 25 cents on levels 3, 4, 5, 6, 7, 8, and 9, all the way down to the next DD Diamond or above in each unilevel team leg DDD. Affiliates with the Diamond and Ambassador rank get an additional 25 cents on levels 3, 4, 5, 6, 7, 8, and 9, and 15 cents on levels 10, down to the following DDD. Each unilevel team leg should have a Diamond or Ambassador.
It’s worth noting that Infinity Pay stacks. That is what a 3 Star can achieve.

75 cents on level 3, $1.25 on level 5, and $1.50 on level 6.
$1 on levels 7 and up
A Diamond receives the same Infinity Bonus, but level 7 is increased to $1.25 and levels 8 and deeper pay out $1.50.

Matrix Recruitment Commissions for 6 Months
After an associate has paid $21.95 per month for six months, Nexus Rewards’ matrix recruitment commissions kick in.

Nexus Rewards compensates matrix recruitment commissions using a 310 matrix.

A Nexus Rewards affiliate is placed at the top of a 310 matrix, with three spaces right behind them:

The initial level of the matrix is formed by these three places. The second level of the matrix is created by dividing the initial three places into three additional positions each (9 positions).

The matrix’s levels three through ten are created in the same way, with each new level containing three times as many spots as the preceding level.

Nexus Rewards affiliates are recruited directly and indirectly to fill positions in the matrix.

Each position in the matrix filled earns 10 cents per month. If an associate pays $21.95 per month in bitcoin, they will get 25 cents each position filled on level 10.

Finally, personally recruited affiliates get a 100% match on matrix recruitment commissions.

Commissions on Pyur Life
If personally recruited affiliates purchase Pyur Life goods, Nexus Rewards affiliates get a 20% commission.

Nexus Rewards Global Bonus Pool charges an unspecified proportion of $21.95 per month in affiliate fees. This proportion goes toward funding the Global Bonus Pool.

Each month, Ambassador-ranked Nexus Rewards affiliates get an equal piece of the Global Bonus Pool.

Nexus Rewards Membership
Nexus Rewards affiliate membership is $10, followed by $21.95 each month.

Conclusions for Nexus Rewards
Nexus Rewards is a relaunch of NXR Global with a more robust compensation structure. The issue is that Nexus Rewards is a pyramid scam.

Nexus Rewards has used the notion of “affiliates who do not recruit are retail consumers.” When put to the regulatory test, both HerbaLife and Vemma failed against the FTC.

Simply put, if an MLM organization does not advertise or sell items to retail clients, they are operating a pyramid scam.

Nexus Rewards pays out 100% of its commissions to affiliates that pay $21.95 each month. These fees are used to pay the compensation scheme.

Nexus Rewards’ MLM opportunity is thus unrelated to its “savings and cashback apps.”

Taking a step back, given that the savings component of Nexus Rewards has failed in two previous MLM organizations, there is clearly little value in the savings itself.

This is most likely due to the fact that anyone can receive discounts for free these days, immediately placing a platform that charges hundreds of dollars for non-exclusive membership at a disadvantage.

Instead of dealing with it, the Bremners have changed the access prices and compensation scheme.

Not unexpected, given that this is ultimately what is being advertised.

Aside from Nexus Rewards’ business model failing the regulatory compliance test, math assures that the bulk of pyramid scheme participants lose money.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

crypto scam

Jojar Dhinsa & CashFX Group – Crook Review

Published

on

By

Jojar Dhinsa has officially denied using the CashFX Group Ponzi scheme to defraud individuals.

Dhinsa appeared on NTV Unscripted on August 19th, according to Harry Page of the Facebook group “CashFX (in connection with EverFX) Scam – Now What!?”

NTV bills itself as “Bangladesh’s top TV channel.” It is televised locally throughout the United Kingdom and Europe.

Rather of admitting to promoting a Ponzi scheme for profit, Dhinsa claims he never cheated anyone.

They’ve basically made stuff up about getting jailed for fraud or defrauding others, according to web reports.

I wish I had scammed folks so there would be some evidence.

Unfortunately for Dhinsa, finding the proof he says does not exist is not difficult.

Dhinsa went on to talk about defrauding individuals through CashFX Group after denying he had defrauded anyone.

I became acquainted with CashFX, a cryptocurrency multi-marketing firm, two years ago (Group).

I did some research. I felt I was assisting them, and I did assist them. I made some money but didn’t get involved all that much.

In retrospect, I should not have gotten engaged. I do not support them. I don’t recommend that folks look at them.

However, conduct your own research. Conduct your own research. And I finished my… a bit of a haphazard approach Which is not typical of me.

Dhinsa refuses to accept his victims or the fact that CashFX Group is a Ponzi scheme in which the only way to gain money is to defraud others.

Dhinsa sung a drastically different song when he joined CashFX Group in 2020 and was particularly challenged about his due-diligence into the Ponzi scam;

So the first thing that everyone does, including myself, is go online and Google it, and there was a lot of information on CFX. This, that, and the other fraud alert(s).

But then you have to take a step back and assess who is saying those things. Right?

Wrong. Your MLM due diligence on CashFX Group begins and finishes with “this is a Ponzi scam with fraud alarms from all around the world.”

It makes no difference who tells you this since you can independently check and corroborate the information.

But, of course, this was before Dhina discovered there was money to be stolen.

And they read the comments, and there were people saying, you know, it’s a scam, it’s this, it’s a Ponzi scheme, it’s a pyramid system.

Surprise, surprise, every organization on the earth, including mine, is a pyramid.

This is a classic diversion tactic used by pyramid scheme scammers. It is often built on a CEO sitting at the top of a diagram of management and staff in the shape of a pyramid.

I’m at the top. I have a Board of Directors, a management team, HR, a Head of Department, salesmen, and sales representatives. As a result, every institution, including the Royal Family and the British Army, is a pyramid system. So that’s not a problem.

The parallel fails because the movement of money inside a pyramid scheme, as well as the manner in which the money is created, is what makes it unlawful.

Nothing is offered or sold to retail customers by CashFX Group. Thus, CashFX Group’s MLM side acts very much like a pyramid scam (commissions are paid on new investor recruitment, which are sent upline to recruiters and the company’s owners).

The question I asked myself was, “Is it a Ponzi scheme?” and, “How do I know it’s not a Ponzi scheme?”

Because I read that it’s a Ponzi scam. You don’t make money from Ponzi schemes, and blah yada yada.

So I read the reviews. I distributed it internally to my team for review. Then I decided to contact someone in Panama, most likely from one of Panama’s wealthiest families.

“Would you mind coming to the offices for me and taking some shots of everything?” I asked Niko.

And he went… He made new friends there. “Look, they’re redoing the offices,” he added… “Fine, thank you very much,” I said.

We examined the system’s back end, the CRM system. It appears to be OK.

Dhinsa claims he sought “everyone” who approached him about his CashFX Group involvement for proof that CashFX Group was a Ponzi scam.

In July 2019, BehindMLM presented proof that CashFX Group was a Ponzi scam.

Dhinsa makes no mention of this evidence or why he overlooked it. Likewise, CashFX has gotten several securities fraud alerts from regulators all around the world by that point.

Because my reputation is very important to me.

Dhinsa ruined his reputation by joining, promoting, and eventually benefitting from CashFX Group.

Dhinsa’s advertising of CashFX Group was very shady. Dhina targeted the homeless in the UK, stating that by hiring them for CashFX Group, he would “affect 1 million lives.”

Dhinsa’s Ponzi marketing legacy was followed by other CashFX Group crooks.

I’m not sure when Dhinsa quit CashFX Group. When the money ran out, he slunk away silently.

In early 2020, CashFX Group began postponing withdrawal payments. Delays continued for the following year and a half, eventually leading to CashFX Group suspending withdrawals in late 2021.

BehindMLM identifies this as the demise of CashFX Group.

Huascar Lopez, CashFX Group’s founder and CEO, will leave the Dominican Republic in late 2021. What began as a vacation to Italy has now revealed itself to be the beginnings of an exit-scam.

Lopez has not been seen in public for some months. His present whereabouts and condition are unknown.

Continue Reading

crypto scam

BitClub Network – Crook Review Part 2

Published

on

By

Jobadiah Weeks, Silviu Balaci, and Joe Abel of the BitClub Network are slated to be sentenced in March 2023.

The following sentences were postponed for the trio on August 12th:

Jobadiah Sinclair Weeks is scheduled to be sentenced on March 14, 2023.
Silviu Catalin Balaci will be punished on March 16, 2023, and Joseph Frank Abel on March 21, 2023.
All three are anticipated, but not assured, to serve time in jail.

For the time being, BitClub Network defendant Matt Goettsche is defending the criminal allegations leveled against him. His lawsuit has been adjourned until October 2022.

Russ Medlin, the defendant, is imprisoned in Indonesia for child sex offences.

In related news, Weeks (right) filed on August 8th to have his house confinement converted to curfew.

We sincerely request that Mr. Weeks’ bail restrictions be changed from home confinement to a curfew in order for him to attend family events and visit family-owned properties in Colorado.

The Pretrial Services Officer has advised us that they are open to this revision in light of Mr. Weeks’ general compliance with his release restrictions.

The United States defers to Pretrial Service’s viewpoint, as represented by Assistant United States Attorney Anthony Torntore.

Weeks first believed he could pull a fast one while under custody. Weeks seemed to have accepted his fate and settled down, according to PreTrial Services’ evaluation.

On August 15th, Weeks’ application for a curfew adjustment was approved.

Continue Reading

crypto scam

Eric Dalius & Saivian & SEC- Crook Review

Published

on

By

Eric J. Dalius secured an agreement with the SEC over Saivian securities fraud.

The news comes after the Saivian defendants reopened discussions with the SEC in June.

According to a Joint Stipulation filed on August 9th;

On August 5, 2022, the Parties held a telephone settlement conference… during which the SEC and the Defendants other than Defendant Ryan Morgan Evans reached an agreement in principle.

Other defendants in the SEC’s Saivian Ponzi case besides Ryan Evans include Eric J. Dalius, Professional Realty Enterprises, Inc., Saivian LLC, Savings Network App LLC, and Realty Share Network LLC.

Details about Dalius’ Saivian colony are likely to be released in the coming months.

In 2015, BehindMLM recognized Saivian as a Ponzi scam. In 2018, the SEC launched a lawsuit against Saivian, alleging that Dalius and Evans conducted a $165 million Ponzi scheme.

While Saivian’s demise signaled the end of Dalius’ Ponzi scheme, Evans doubled down on Elamant.

Elamant is essentially a Saivian clone targeted especially towards African investors.

Despite facing a $100 million securities fraud case in the United States, Morgan continues to perpetrate securities fraud through Elamant.

So yet, US officials have not pursued Morgan for continuing to scam people with Elamant. It remains to be seen if this will alter.

According to SimilarWeb traffic statistics for Elamant’s website, investor recruiting has ceased.

In the event that Ryan Evans does not reach an agreement with the SEC, his Saivian securities fraud trial has been rescheduled for June 6th, 2023.

Continue Reading

Trending

Copyright © 2022 CrooksDirectory.