BehindMLM’s preliminary Elysium Community evaluation was revealed in Might 2020.
Regardless of launching in 2019, Elysium Community shows at the moment nonetheless mark the corporate as a “model new alternative”.
On the request of a reader, at the moment we’re revisiting Elysium Community for an up to date evaluation.
In Might 2020 Elysium Community was committing securities fraud via Elysium Capital.
The funding scheme was referred to as “Elysium Capital Pinnacle Portfolio”. You invested €500 EUR, did nothing and picked up a return.
Neither Elysium Community, proprietor Fred Stege or any of his different shell corporations have been registered to supply securities in any jurisdiction.
This noticed us label Elysium Community an unregistered securities providing.
Elysium Community’s securities fraud was carried out in partnership with Equiti Group, who Stege recognized as a associate dealer in August 2020.
Quick ahead to Might 2021 and Elysium Community shut down affiliate buying and selling accounts with out warning.
How a lot Elysium Community misplaced within the collapse is unclear.
Inner emails between Elysium Community associates reveal losses upwards of 70% of funds invested. There have been supposedly just a few hundred Elysiun Community affiliate accounts arrange on the time of collapse.
Upline Fairness Community associates, who possible earned greater than they misplaced in recruitment commissions, suggested their victims to “simply settle for the loss and transfer on”.
For his or her half Elysium Capital despatched out an electronic mail in mid June, advising “it’s clear there was a difficulty that isn’t associated to our methods.”
It’s clearly seen that the system tried to execute actions after 16:27:49 however that the orders weren’t executed.
These ‘lifeless’ moments trigger plenty of drawdown because the EA can’t place the required hedges to safe the account and hold the fairness underneath management.
These errors we obtained lots from the Equiti account and never from the accounts of our different brokers. So there’s positively a normal difficulty right here.
As I perceive it associates stay caught between Elysium Community and Fairness Group blaming one another for his or her losses.
Stege, with none disgrace in any way, was fast to reboot Elysium Capital as a crypto buying and selling alternative.
And that is the place issues get murky.
In early June, a few week after the Equiti Group debacle, the Elysium Community and Elysium Capital web sites went down.
Given the timing of the Fairness Buying and selling ruse collapse, we put this all the way down to Stege initiating an exit-scam.
Entry to Elysium Community was restored on June tenth. Elysium Capital’s web site stays down.
Makes an attempt to entry Elysium Capital’s web site return a interval (.) placeholder.
So far as I do know Stege has failed to supply any rationalization.
In an try and suss out Elysium Community’s enterprise mannequin, I’m counting on a Might 2021 presentation by Fred Stege.
Within the presentation Stege represents Fairness associates and retail prospects achieve entry to Elysium Insider.
Elysium Insider is purportedly a alerts buying and selling service. If there’s nonetheless an automatic buying and selling facet Elysium Community, that’s not disclosed.
I figured seeing as its purportedly pitched at retail prospects, Elysium Community’s web site would offer details about Elysium Insider.
That’s not the case. Elysium Insider does have its personal web site, on which it’s claimed
Elysium Insider supplies impartial and actionable analysis and analytics to our international subscribers to enhance their funding and buying and selling selections. Everyone can do that!
One instance of an Elysium Insider electronic mail dated late June has Stege probably not realizing the place bitcoin will go.
On the time BTC was at ~$34,000. Stege supplied normal recommendation for BTC going both means.
In one other Elysium Insider tip electronic mail, dated July thirteenth, Stege supplied normal commentary;
Bitcoin is ranging sideways within the decrease $30’000. – $34’000
$31’000 must be held. $34’500 must be damaged to maneuver to the upside round $38’000.
Right this moment there’s a Grayscale shares sell-off and that causes the draw back strain. If it absorbs properly we would see a big transfer to the upside later this week.
I’ve simply purchased a tiny bit at the moment at $32,500.
However we may nonetheless go decrease. Almost definitely we’ll discover out this week. It’s nonetheless too early to the touch Alt cash.
Stege doesn’t appear to have the ability to predict the place BTC will go a lot as present commentary on what’s already occurred.
All Stege reveals is Elysium Insider prices retail subscribers €99 EUR a month. That was a reduced introductory worth in Might, good for just a few weeks.
The complete value of an Elysium Insider retail subscription wasn’t disclosed.
Elysium Community’s web site remains to be promoting “QUANT EA sign portfolios (“Buying and selling bots”).”
Quant EA seems to be the outdated pre-crypto precursor of Elysium Insider.
One other oddity is Elysium Capital, as a Hong Kong shell firm, being referenced on Elysium Community’s web site.
Elysium Capital hasn’t existed since its web site went down in early June.
If I needed to guess, Elysium Community’s web site hasn’t been up to date for a while. This explains why there’s no details about Elysium Insider.
Elysium Community as an MLM alternative focuses on promoting Elysium Insider and recruiting associates.
Elysium affiliate membership is at present €499 after which €97 a month.
That gives you entry to the Elysium Community backoffice, a social media advertising instrument, Zoom clone and Elysium Insider.
€25 EUR is paid out on recruitment of recent Elysium Community associates and/or Elysium Insider retail subscription gross sales.
One other €25 EUR is paid out in residual commissions, down seven ranges of recruitment (unilevel).
Month-to-month subscription charges paid by each associates and retail subscribers generates residual commissions through a binary group.
That is complimented by a ten% matching bonus and bonus swimming pools.
That is fairly just like what reviewed in 2020. Taking into consideration the euro quantities quoted are outdated, you’ll nonetheless get the gist of Elysium Community’s comp plan there.
On the regulatory entrance nothing has occurred because the Estonian securities fraud warning issued in July 2020.
Previous to the warning, Stege was representing Elysium Community and Elysium Capital have been Estonian shell corporations.
After the Estonian fraud warning, Stege supplied shell firm addresses in Hong Kong and Sweden.
Versus Elysium Community being any much less unlawful, there’s possible been no new updates as a result of there isn’t a lot occurring.
As I write this Alexa ranks Elysium Community’s web site at 5.4 million. For an MLM firm that’s pretty much as good as lifeless.
Visitors to Elysium Insider’s web site is so insignificant that it’s not measured.
General it’s clear the Elysium Community’s authentic enterprise mannequin collapsed. What’s now as a replacement is sloppy and never correctly put collectively.
Not withstanding the Elysium Community web site downtime or abandoning of Elysium Capital’s web site altogether.
For now it appears Stege has recycled present properties (affiliate membership instruments), and is charging individuals €99 EUR a month for his ideas on bitcoin’s day-to-day worth actions after the very fact.
Not as dangerous the securities fraud Elysium Community initially launched with however, not less than in my view, not well worth the worth of admission.
