Pitrex fails to supply possession or government data on its web site.

Pitrex operates from two recognized web site domains:

1. pitrex.professional – privately registered on April thirtieth, 2024 (predominant web site, app funnel)
2. pitsp.com – first registered in 2016, non-public registration final up to date on January ninth, 2024 (app)

In an try to seem respectable, Pitrex supplies an organization registration certificates for Pitrex LLC.

As a result of ease with which scammers are in a position to incorporate shell corporations with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.

If we click on the help hyperlink on Pitrex’s .COM web site, we study it runs on the Meiqia platform.

Meiqia is a Chinese language software program firm primarily based out of Beijing. This implies whoever is operating Pitrex has ties to China.

As all the time, if an MLM firm shouldn’t be brazenly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.

Pitrex’s Merchandise

Pitrex has no retailable services or products.

Associates are solely in a position to market Pitrex affiliate membership itself.

Pitrex’s Compensation Plan

Pitrex associates make investments tether (USDT). That is completed on the promise of every day passive returns.

Observe that Pitrex doesn’t disclose particular funding tiers on both of its web sites.

Pitrex pays referral commissions on invested USDT down three ranges of recruitment (unilevel):

• stage 1 (personally recruited associates) – 20%
• stage 2 – 6%
• stage 3 – 3%

Becoming a member of Pitrex

Pitrex affiliate membership is free.

Full participation within the connected revenue alternative requires an funding in USDT.

Pitrex Conclusion

Pitrex is yet one more “click on a button” app Ponzi scheme.

Pitrex’s “click on a button” Ponzi ruse is quantitative buying and selling:

The offered ruse is Pitrex associates log in and click on a button (the extra invested the extra the button must be clicked).

Clicking the button purportedly generates income by way of quantitative buying and selling, which for some purpose Pitrex shares a proportion of with affiliate buyers.

If that is unnecessary it’s as a result of it doesn’t. Randoms clicking a button in an app doesn’t set off quantitative buying and selling.

In actuality clicking a button inside Pitrex’s app does nothing. All Pitrex does is recycle newly invested funds to pay earlier buyers.

Pitrex is a part of a gaggle of “click on a button” app Ponzis which have emerged since late 2021.

Examples of already collapsed “click on a button” app Ponzis utilizing the identical quantitative buying and selling ruse embrace World Quant AI, AI World and  Wheatland AI.

Since 2021 BehindMLM has documented tons of of “click on a button” app Ponzis. Most of them final just a few weeks to a couple months earlier than collapsing.

“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving the vast majority of buyers with a loss (inevitable Ponzi math).

Organized crime pursuits from China function rip-off factories behind “click on a button” Ponzis from south-east Asian nations.

In September 2024, the US Division of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese language human trafficking rip-off factories.

By means of varied corporations he owns, Phat is alleged to shelter Chinese language scammers working out of Cambodia.

No matter which nation they function from, the identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.