Quwiex doesn’t have any credible information about who owns or runs the company on its website.
A look at Quwiex’s official YouTube channel shows this actor as CEO “George Bennet.” The actor who plays Bennet has an eastern European accent when he talks.He would be a good CEO for Boris.
There are actors, a rented office, Quwiex-branded mugs, and flags in the video. You know what to expect.
As opposed to Boris CEOs, the actor who plays Bennet might be in on the scam. Boris CEO schemes are usually the work of scammers from Russia or Ukraine, but not always.
Over time, they’ve become less effective against people who speak English. That’s why, according to Alexa, Algeria is the top source of traffic for Quwiex’s website. Egypt is second (15%), and Vietnam is third (15%).
Quwiex says that it is based in New Zealand in order to look more legitimate. The New Zealand address on Quwiex’s website belongs to Regus, which sells virtual office space.
There are no connections between Quwiex and New Zealand, so that is clear. This can also be proven by Quwiex’s Christmas video. The video shows Bennet on a Zoom call.
He then reads from a script in front of a green screen at the office Christmas party. It also shows a snowy landscape from somewhere in the northern hemisphere, which is why it’s important.
New Zealand is in the southern hemisphere, which is the part of the world that is farther south. At Christmas, it’s already summer.
Quwiex’s video shows a car with Norwegian plates, and it’s in the video.These, on the other hand, are very easy to fake.Another Boris CEO scam that failed last year was Viseming, and we saw this with that one too.
A domain name for Quwiex’s website, “quwiex.com,” was set up on September 15, 2021.George Bennet is listed as the owner through the virtual office address in New Zealand that Regus gives to people who want to work there.
As always, if an MLM company isn’t clear about who runs or owns it, think long and hard before joining and/or giving them money.
People buy things from Quwiex. Quwiex doesn’t have anything that can be sold. To be a Quwiex affiliate, you can only sell the membership itself. Quwiex has a compensation plan. Quwiex affiliates buy tether, bitcoin, or ethereum with the promise of making money.
Investing in the USD (tether) This is Kron Light. You can invest $20 to $499 and get 1 to 1.4% back every single day for 15 days. This is Kron Max: You can put $500 to $2999 into it, and you’ll get 1.4% to 1.7% back every day for 25 days! For 35 days, the rate should be 1.7% to 2.1% per day. To get money back for investing $15,000 to $49,999 in Evr Light, you can earn 1.9% to 2.12% a day for 45 days.
Invest $50,000 to $249,999 and earn 2.1% to 2.6% per day for the next 55 days. Invest between $250,000 and $1,000,000 and earn 2.4% to 3.3% per day for 65 days. It’s called Fort Max. If you invest $20 to $49,999, you’ll get 4% per day for 180 days.
Fort Pro: You can invest $50,000 to $1,000,000 and get 5% back every day for 180 days. A bitcoin investor is a person who invests money in bitcoins. If you invest 0.01 to 0.5 BTC in Montae Light, you’ll get 2.2% to 2.8% back every day for 100 days.
To get Montae Max, you can put in 0.5 to 5 BTC and get 2.5% to 3.1% a day. You can get that for 100 days. For Montae Pro, invest 5 to 25 BTC and get 2.8% to 3.5% a day for 100 days. Investing in Ethereum This is Muntae Light. You can invest from 0.01 to 10 ether and get back 2.2% to 2.8% per day for 100 days. To get Muntae Max, you can put 10 to 100 ETH into it, and you’ll get 2.5% to 3.1% per day for 100 days. This is Muntae Pro. You can invest 100 to 500 ETH and get 2.8% to 3.5% back every day for 100 days.
The MLM side of Quwiex makes money when people sign up as investors. People who work for Quwiex Affiliates are at the top of their jobs. There are twelve affiliate ranks in the compensation plan of Quwiex.
Along with their own qualifications, they are as follows: The first thing I want to do is become a Quwiex partner. Prestige II brings in $20,000 in downline investment. Make a $80,000 downline investment. Make a $200,000 investment in your downline. In this case, Prestige V wants to make $500,000 in downline investments.
Make $1,000,000 in downline investment volume in a year. Prestige VII brought in $3,000,000 in downline investment. Prestige VIII brought in $7,000,000 in downline investment. Make a $15,000,000 downline investment in Prestige IX.
Prestige X wants to make $25,000,000 in downline investments. Prestige XI wants to make $50,000,000 in downline investments. Prestige XII wants to make $100 million in downline investments. The dollar amounts shown above are based on the value of the tether, bitcoin, and ethereum that were invested in. Commissions for referrals A unilevel compensation structure is used by Quwiex to pay referral fees. Unilevel compensation puts an affiliate at the top of their team, with every person they personally recruit at the same level as them (level 1).
If any level 1 affiliates bring in other level 1 affiliates, they move up to level 2. The number of levels goes down to an infinite number of levels if level 2 affiliates bring in new affiliates.
Unilevel team levels can’t be paid for by Quwiex. They can only be compensated for fifteen minutes. They pay out a percentage of how much money is invested in each of these fifteen levels, based on how high you are in that level: Prestige I affiliates earn 6% on level 1 (personally recruited affiliates), 2% on level 2, and 1% on levels 3 and 4. Levels 3 and 4 are 1% as well. Prestige II ranked affiliates make 7% on level 1, 3% on level 2, and 1% on levels 3 to 5.
They also make 1% on levels 3 to 5. On level 1, prestige III-ranked affiliates make 7%, 3%, 2%, and 1% on each level they reach. They also make 1% on levels 4 to 6.
On level 1, they get 8%, which is 3% on level 2, 2% on level 3, 1.5% on level 4, 1.5% on level 5, and 0.5% on level 7. On level 1, prestige V ranked affiliates make 9%, which is 3% on level 2, 2% on level 3, 1% on level 4 and 0.5% on levels 7 and 8. They earn 9% on level 1, 3% on level 2, and 2% and 4% on levels 3 and 4.They earn 1 and 0.5 percent on levels 5–7, 1% on level 8, and 0.5 percent on level 9. On level 1, they get 9%, which works out to 4% on level 2, 2% on level 3, 1% on level 4, 1.5% on level 5, and 0.5% on levels 9 to 11. They make 10% on level 1, 4% on level 2, and 3% and 2% on levels 3 and 4. They make 2% on level 5, 1.5% on level 6, 1% on level 7, and 0.5% on levels 11 and 12. They receive 11% on level 1, 5% on level 2, 3% on level 3, 4% on levels 4 and 5, 1% on levels 5 to 7, 1% on levels 8 to 10, and 0.5 percent on levels 11 to 13. They receive 12% for level 1, 5% for level 2, 4% for level 3, 3% for level 4, 2% for levels 5–7, 1% for levels 8–10, and 0.5% for levels 11–14.
People who have a prestige XI rank get a 12 percent bonus on level 1. Affiliates ranked in Prestige XII earn 12% on level 1, 6% on level 2, 4% on level 3, and 1% on levels 8 to 15.They also earn 1% for each level they reach from 8 to 15. Quwiex Quwiex affiliate membership is free to join.
In order to be a part of the attached income opportunity, you need to invest a minimum of $20 in tether, 0.01 BTC, or 0.1 ETH at the start.
Quwiex: The conclusion Quwiex is a typical Ponzi scheme run by a CEO like Boris, like the one he ran.This is its trick: “the best team of traders.” In 2021, our company and our traders made more than 540, 000 successful trades and made money.
This is proof that our trading strategies work for us and our clients, and we are always working on improving them. There is no evidence that Quwiex did any trading. There isn’t any proof that Quwiex is making money outside of its own company. Furthermore, Quwiex’s passive return MLM opportunity is a type of stock.
This means that Quwiex must register with financial regulators, which it again doesn’t show. This means that, at the very least, Quwiex is breaking the law when it comes to stocks. At the end of the day, anyone who has a trading bot that can make 5% a day isn’t giving you access to it.Keep it to themselves: They’d keep it to themselves.
Invest a small amount of money, run the bot, and make money over time. In a few years, you’ll be the richest person on the planet. actors in Ukraine and Russia instead of fraud in the stock market.
As with all MLM Ponzi schemes, when Quwiex affiliate recruitment stops, so will new money. This is the same for Quwiex as well.
This will cut off Quwiex’s ROI revenue, which will eventually lead to a collapse.
The math behind Ponzi schemes makes sure that most people lose money when they fail.
Meta Utopia- Crook Review
A few days ago, we put out its review of Meta Utopia.
“Metaverse” MLM crypto Ponzi scheme that isn’t very interesting on its own.
As part of our research, we found a link between Nicholas Coppola and the man who started the Ponzi scheme.
Or rather, he did it through an Instagram story that has since been deleted:
Coppola wasn’t happy about being linked to Meta Utopia in public, it turns out. He only wants to hide the fact that he is a crypto-bro Ponzi scammer.
Today, Nicholas Coppola joins the DMCA Wall of Shame.
Over the past 24 hours, “Dincer Odabasi” from “Copyright Support” has sent us two emails. Nicholas Coppola’s emails were sent on his behalf.
Copyright Support says on its poorly made website that it will
Negative or damaging news that can be found on the Internet and in Google search results should be taken down for good.
In his first email, Odabasi tries to pull the old “right to be forgotten” scam.
Because of the right to be forgotten and because of the privacy clause, we want the content to be blocked.
We tried to get in touch with the website that posted the content, but we didn’t hear back. So, we give you the content and ask you to turn it off.
As everyone knows, according to the first paragraph of Article 9 of Law No. 5651 on the Regulation of Broadcasts Made on the Internet and Combating Crimes Committed Through These Broadcasts, if they can’t get to it, they can send a warning to the hosting provider and ask that the content be taken down.
Again, the second paragraph of the same article says that “the content and/or hosting provider must respond to requests from people who say their personal rights have been violated by the content of an online broadcast within twenty-four hours at the latest.”
We want the case that was filed on our behalf to be taken care of. Because of the European right to be forgotten and the privacy of private life, we have the right to limit access to content.
Please note that we’re asking you to take down the content because we’ve tried to reach the owner but haven’t heard back. That’s why we want and need you to take it down.”
This is a form letter that con artists send out. I know that because Odabasi put the same notice to Amazon from another email about a different website and client (ruhroh GDPR fail) into the body of the email he sent me.
In any case, the “Right to be Forgotten” law in Europe is used by scammers to hide their pasts, no matter how good the lawmakers’ intentions may have been at first.
The Right to be Forgotten is not part of EU law, so we don’t recognise it. Also, it takes four days from the date of publication until a right-to-be-forgotten takedown notice is sent.
Odabasi went on to say that Turkish law had something to do with the US, which was not true.
Due to the Right to be Forgotten and the USA Legal Content Removal Request Pursuant to Law No. 5651, we can’t take down the content we told you about because it’s in the Constitution.
“The Right to be Forgotten and the USA Legal Content Removal Request” is not a thing, even if that sentence makes no sense. It’s not true at all.
Turkey passed Law No. 5651 in the year 2020. It only happens in Turkey and has nothing to do with the United States.
Odabasi sent another email a few hours after the first one. This time, he threatened to take action because of copyright issues.
“We want you to remove any content that reveals personal information about our representative.
If you don’t get rid of the news content, we will file a copyright claim with your hosting company, Google.
I’d like you to put the story away, please.
TEAM OF SUPPORT FOR COPYRIGHT”
As our Policy says, we often use “third-party logos and images,” which is allowed by US copyright law through “fair use.”
We don’t need permission from the people who own the rights to the images we use in our MLM news and reviews. Period.
The DMCA takedown process is being abused when fair use isn’t taken into account and a fake DMCA is filed. Not only will it not work, but the person who submitted it is lying.
Even though it’s clear that Copyright Support doesn’t care about the law, it’s still important to point out their hypocrisy.
Scam businesses like Copyright Support depend on the fact that the publisher or service provider they are after doesn’t know what they are doing.
Nicholas Coppola has publicly linked himself to Meta Utopia and is involved enough to be close to the Ponzi scheme’s founder, who has not yet been named.
It is not against any US law to publish this information with proof attached.
Update, July 2, 2022: Dincer Odabasi is now committing twice as much DMCA fraud as he was before.
Odabasi sent Google a “court order” on June 28 that says the same thing: “It’s against the law to search for scammers!” Stupid, but it also says this:
Based on the privacy clause of private life and the court document we will send you, we want the content to be taken down from publication and blocked from access.”
Odabasi is saying that a Turkish law is a “court document” that keeps scammers from telling the rest of the world. Oh dear.
Laetitude- Crook Review
Investors such as Laetitutde and Swapoo are circumspect on issues affecting investor wallets and active investments.
According to a Latitude News report dated August 13th, You have gotten one or two emails from Swapoo in the past several days, which also affects our Laetitude members.
Due to the continued strong relationship between Swapoo and Laetitude, we can guarantee that these changes will not affect your Laetitude accounts. Latitude will continue to operate as usual.
The alterations made by Swapoo will have an effect on the wallet and the bots. However, we are aware that wherever there are obstacles and closed doors, new doors will emerge to provide opportunities for greater success.
Swapoo is merely adjusting to the ever-changing regulatory environment and market situations.
The details of the e-mails sent are kept confidential. I have not encountered any examples in nature.
Regarding “evolving regulatory landscapes,” Laetitude is a Ponzi scheme operated by Swapoo.
David El Dib operates Laetitude from Dubai, the center of MLM fraud. Swapoo is run by Dave Martin, who is from the Philippines.El Dib and Martin have both established themselves on the BitClub Network.
The investigation by the Department of Justice found BitClub Network to be a $722 million Ponzi scheme. The founders of BitClub Network were arrested in 2019.
El Dib and Martin commit securities fraud and operate their own Ponzi scheme through Laetitude and Swapoo. The regulation of securities is not novel. For decades, every nation with a financial market has regulated securities fraud.
The Ponzi fraud announced a remedy for lost Swapoo wallets in a follow-up “Laetitude News” post dated August 26;
As you are likely aware, Laetitude no longer utilizes Swapoo for secure wallet services. As a result, we have recently implemented the ability to fund, purchase, and withdraw directly within Laetitude.
In light of this, we would like to encourage you to login and withdraw your balance as soon as possible, and to continue withdrawing your balance as your compensation earnings increase.
Laetitude lacks the two-factor authentication security offered by Swapoo, so it is essential that you protect your account with a formidable password. Again, what is occurring behind the scenes is kept secret.
The only clue I could locate was a query posted two weeks ago on Swapoo’s most recent Instagram post.
Swapoo has not published any new social media updates since July 30. This date also marked the last Facebook update posted by Laetitude.
The lack of visitors to both Laetitude and Swapoo suggests that the Ponzi scheme is running out of money to pay investment withdrawals.
The Philippine Securities and Exchange Commission is one of the most active securities regulators worldwide.
It is unclear whether they have anything to do with Swapoo’s issues.
Whatever else is occurring, it is rare for wallets to be abruptly shut off and placed up as unsecured in-house assets.
Keep up to date on any future developments.
GSPartners- Crook Review
GSPartners has dropped its claim of harassment against Chris Saunders. Saunders is the owner and operator of the YouTube channel Grit Grind Gold, which he uses to critique and report on the GSPartners Ponzi scheme.
In late January 2021, Saunders was sued for harassment by owner Josip Heit and promoters Michael Dalcoe and Antonio (Tony) Euclides Menesis De Gouveia.
Heit and the GSPartners Plaintiffs alleged that Sunders’ videos about the Ponzi scheme were defamatory.
Additionally, Heit took offense when Saunders pointed out his position in Karatbars International’s collapsed KBC Ponzi scheme.
GSB Gold Standard Corporation AG, Josip Heit, Michael Dalcoe, and Tony De Gouveia submitted a dismissal stipulation on July 29.
Christopher Saunders, the defendant, executed a declaration in connection with the aforementioned case on July 29, 2022.
Plaintiffs GSB Gold Standard Corporation AG, Josip Heit, Antonio Euclides Menesis De Gouveia, and Michael Dalcoe, by counsel and with the signature and agreement of counsel for Defendant Christopher Saunders, stipulate to the dismissal without prejudice of all claims in this matter pursuant to the Saunders’ Declaration.
The aforementioned stipulation from Saunders proves that he was granted permission.
Mr. Ovidu Toma in relation to the Plaintiffs’ assertions and declarations. Since January 2020, Mr. Ovidu Toma has provided me with evidence of Mr. Harald Seiz’s alleged involvement in Karatbars’ wrongful conduct.
“Ovidu Toma” refers to Ovidiu Toma, the former Chief Technology Officer of Karatbars International.
Today, Toma serves as the CEO of CryptoData. Romania-based CryptoData sells encryption hardware.
To return to Saunder’s assertion: I was aware, based on first-hand knowledge of facts and documents, that any alleged wrongdoing committed by Karatbars in relation to its Miami crypto bank and the issuance of KBC/KBC tokens was committed by Karatbars’ CEO, Mr. Harald Seiz, and that said wrongdoing was committed prior to any affiliation between Karatbars and GSB/Mr. Heit.
This is an odd concession to provide. Heit was the public face of Karatbars’ initial excursion into crypto-asset fraud. In an April 2019 interview, Seiz is referred to as a “major investor and board member” of Karatbars International. In Dubai, Karatbars was selling a “blockchain phone” at the time. When challenged about his remarks on the occasion, he responded, and I quote, ” You mentioned the KBC coin.
You stated that it is probable that it is one kilogram of gold. Is this truly a possibility? Heit reacted. Yes, of course it’s feasible. Nobody believes that many individuals perceive, at the appropriate moment, that they can join us.
We currently have a market valuation of approximately $300 million as of the previous week or two weeks. And now there are about a billion of us.
Is it not yet understood?
And when the mainnet is implemented, which will occur very soon, within a few months we will have a market capitalization of over $200 billion. After months of Heit and Seiz promoting Karatbars’ KBC, the KBC Ponzi coin dropped 62% following the hype event on July 4, 2019.
Heit, not Harald Seiz, was sent to address and explain the collapse to irate investors. KBC continued to leak throughout the subsequent months until it was eventually abandoned.
Heit had cashed out, left Karatbars, and launched his own Ponzi offshoot, GSPartners, before the end of 2019. The GSPartners Ponzi coins have performed no better than those of KBC.
G999 is supported by wash trading, which I believe is steadily depleting GSPartners’ second Ponzi scheme, LYS. G999 is being washed at approximately 0.002413. At $66.78, LYS continues to drain.
GEUR was launched earlier this month as a result of the continuous failure of G999 and LYS to take off. GSPartners and Heit symbolize the euro-pegged GEUR currency. It is thought that GEUR was developed because GSPartners investors no longer desired to hold G999 and LYS.
GEUR does not exist outside of GSPartners as of the publication date. GSPartners uses GEUR to support its most recent 300% ROI Ponzi scheme, metaverse certificates.
In the event that GSPartners and Saunders achieved a settlement, it has not been made public. Other than wrongly saying that Heit was not involved in the Karatbars KBC scam, Saunders has not recanted any of his GSPartners-related statements.
The court authorized the GSPartners plaintiff’s Stipulation of Dismissal on August 2nd. This concludes GSPartner’s harassment lawsuit against Saunders.
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As a result of a “Cyberattack”, the company’s attempt to withdraw was unsuccessful