GreenGold operates within the “pretending to provide a crap concerning the setting now please give us your cash” MLM area of interest.
The corporate represents it’s headed up by “eco-entrepreneur Mr. Adam Durand and with the assistance of companions”.
Adam Durand, as represented by GreenGold, doesn’t exist exterior of GreenGold’s advertising materials.
Durand’s private Fb profile was created in January 2021. The account was created solely to advertise GreenGold.
What struck me as remarkably odd is that in a GreenGold advertising video that includes Durand, he claims he was born in Finland however moved to the US at age sixteen.
But Durand has a distinctly South American accent.
With a bit extra poking round I used to be in a position to set up the actor enjoying Adam Durand is Danilo Ferraz.
Ferraz is a Brazilian citizen and seems to have a connection to sports activities, health and group work.
Brazil suits with GreenGold’s advertising movies wanting like they have been shot in a rainforest.
Ferraz may need been headhunted by whoever is definitely working GreenGold due to his previous participation in local weather change occasions.
Organising an actor to symbolize an organization and capturing pretend company advertising video is usually the calling card of Russian scammers.
Supporting that is the narrator of GreenGold’s advertising movies having a thick japanese European accent.
Not a 100% assure Russians are behind GreenGold however fairly conclusive (if it walks like a Boris, drinks vodka like a Boris and talks like a Boris and many others.).
What I can affirm with absolute certainty is that GreenGold shouldn’t be being operated out of Finland, as the corporate represents in its advertising materials:
I’m reminded of Wiseling, a not too long ago collapsed Russian Ponzi that additionally claimed to be primarily based out of Finland.
Alexa site visitors estimates reveal GreenGold is at present being promoted in Angola (60%), the US (4%) and South Africa (3%).
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
GreenGold’s Merchandise
GreenGold has no retailable services or products, with associates solely in a position to market GreenGold affiliate membership itself.
GreenGold’s Compensation Plan
GreenGold associates make investments bitcoin on the promise of a 0.3% to three% every day return.
There are six GreenGold funding tiers (funding is made in bitcoin however quoted in USD):
- Eco25 – $25
- Eco50 – $50
- Eco100 – $100
- Eco250 – $250
- Eco500 – $500
- Eco1000 – $1000
GreenGold represents that every day returns might be paid for not less than twelve years.
The remainder of GreenGold’s compensation plan revolves round recruitment of GreenGold associates.
Notice that GreenGold slaps a 9% withdrawal fee if associates decide to withdraw returns and commissions every day.
Referral Commissions
GreenGold pays a 15% referral fee on bitcoin invested by personally recruited associates.
Residual Commissions
GreenGold pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, break up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are crammed through direct and oblique recruitment of associates. Notice there is no such thing as a restrict to how deep a binary group can develop.
On the finish of every day GreenGold tallies up new funding quantity on each side of the binary group.
A ten% residual fee is paid on funds invested on the weaker binary group aspect.
Notice that GreenGold caps every day residual fee earnings primarily based on how a lot an affiliate has invested:
- Eco25 tier associates can earn as much as $50 a day
- Eco50 tier associates can earn as much as $100 a day
- Eco100 tier associates can earn as much as $200 a day
- Eco250 tier associates can earn as much as $500 a day
- Eco500 tier associates can earn as much as $1000 a day
- Eco1000 tier associates can earn as much as $2500 a day
As soon as weaker aspect binary quantity is paid out on, it’s matched in opposition to the stronger binary group aspect and flushed.
Any leftover quantity on the stronger binary group aspect carries over.
Rank Achievement Bonuses
Upon assembly rank-based qualification standards, GreenGold rewards associates with the next Rank Achievement Bonuses:
- generate $2500 in gathered weaker binary group aspect funding quantity = $50 bonus
- generate $10,000 in gathered weaker binary group aspect funding quantity = $150 bonus
- generate $30,000 in gathered weaker binary group aspect funding quantity = $450 bonus
- generate $60,000 in gathered weaker binary group aspect funding quantity = $1000 bonus
- generate $100,000 in gathered weaker binary group aspect funding quantity = $2000 bonus
- generate $300,000 in gathered weaker binary group aspect funding quantity = $5000 bonus
- generate $800,000 in gathered weaker binary group aspect funding quantity = $12,000 bonus
- generate $2,000,000 in gathered weaker binary group aspect funding quantity = $30,000 bonus
- generate $5,000,000 in gathered weaker binary group aspect funding quantity = $75,000 bonus
- generate $10,000,000 in gathered weaker binary group aspect funding quantity = $150,000 bonus
- generate $30,000,000 in gathered weaker binary group aspect funding quantity = 8.5 BTC bonus
- generate $100,000,000 in gathered weaker binary group aspect funding quantity = 35 BTC
Becoming a member of GreenGold
GreenGold affiliate membership is tied to an preliminary $25 to $1000 funding in bitcoin.
The extra a GreenGold affiliate invests the upper their revenue potential.
Conclusion
GreenGold represents it generates exterior income through promoting wooden and carbon credit.
No proof of GreenGold collaborating in these actions or producing another form of exterior income is offered.
Not withstanding neither promoting wooden or carbon credit equates to a every day return that may be handed on to buyers.
And that prospect turns into much more absurd upon concerns of GreenGold soliciting funding in bitcoin.
GreenGold, regardless of advertising a passive funding alternative, can be not registered to supply securities in any jurisdiction.
Which means at a minimal the corporate is committing securities fraud.
The rationale GreenGold is committing securities fraud is as a result of in actuality it’s a Ponzi scheme.
GreenGold has no verifiable income aside from new funding.
Utilizing new funding to pay associates a every day return makes GreenGold a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve GreenGold of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.
