Carnelian12 fails to offer possession or government info on its web site.
Carnelian12 operates from two recognized web site domains:
- carnelian12.internet – privately registered on February twentieth, 2023
- c12.internet – first registered in 1999, non-public registration final up to date on Might 4th, 2023
In an try to seem official, Carnelian12 gives an incorporation certificates for “C12 Buying and selling & Companies Restricted”.
C12 Buying and selling & Companies Restricted is represented to have been integrated in Hong Kong on March twenty ninth.
C12 Buying and selling & Companies Restricted is a Hong Kong-based entity, based by the tech crew lead Andreas Garcia & Companions.
For the aim of MLM due-diligence, fundamental incorporation in any jurisdiction is meaningless. That is as a result of ease with which scammers are in a position to register shell corporations with bogus particulars.
Moreover, “Andreas Garcia & Companions” doesn’t exist exterior of Carnelian12’s web site.
As of April 2023, SimilarWeb tracked prime sources of visitors to “carnelian12.internet” because the US (33%), South Africa (14%), Spain (9%) and Italy (8%).
Prime sources of visitors to “c12.internet” are the US (16%), Germany (13%), Russia (10%), Brazil (9%) and Spain (8%).
The Central Financial institution of Russia issued a Carnelian12 pyramid fraud warning on Might 2nd, 2023.
Though not definitive, this means Russian scammers is perhaps behind Carnelian12.
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
Carnelian12’s Merchandise
Carnelian12 has no retailable services or products.
Associates are solely in a position to market Carnelian12 affiliate membership itself.
Carnelian12’s Compensation Plan
Carnelian12 associates make investments USD equivalents in cryptocurrency. That is executed on the promise of a 12% a day ROI paid for 12 days.
Carnelian12 pays referral commissions on invested cryptocurrency down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 5%
- degree 2 – 2%
- degree 3 – 1%
Carnelian12 associates who persuade others to take a position over $100,000 in cryptocurrency obtain 7% on degree 1.
Becoming a member of Carnelian12
Carnelian12 affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $12 funding.
Carnelian12 solicits funding in numerous cryptocurrencies.
Carnelian12 Conclusion
Carnelian12 represents it generates exterior income through NFT buying and selling;
The primary exercise of Carnelian12 is buying and selling digital belongings.
The NFTs, which have given new life to cryptocurrencies by combining artwork worth assortment and digital expertise, has additionally triggered good upgrades in our yielding mechanism.
However the NFT market collapsed final yr, Carnelian12 gives no verifiable proof it’s engaged in NFT buying and selling.
Moreover, Carnelian12’s enterprise mannequin fails the Ponzi logic take a look at.
Carnelian12 pitches a 144% ROI over 12 days:
If Carnelian12 was able to legitimately producing 144% each 12 days, what do they want your cash for?
Because it stands, the one verifiable income coming into Carnelian12 is new funding.
Utilizing new funding to pay a 144% ROI each 12 days makes Carnelian12 a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Carnelian12 of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.
