Cancri Jewellery supplies no info on its web site about who owns or runs the corporate.
Cancri Jewellery’s present web site area (“cancrijewelry.diamonds”), was privately registered on December twenty third, 2021.
Cancri Jewellery initially operated from “cancri.jewellery”, privately registered on December twenty second, 2021. Why the corporate modified web site domains is unclear.
Cancri Jewellery markets itself as “the most important jewellery retailer in Europe and Asia”. No gross sales figures to again up this declare are supplied.
In an try to seem legit, Cancri Jewellery supplies a company tackle in Turkey on its web site.
The tackle is represented to correspond to a Cancri Jewellery branded constructing:
Google Maps reveals, a minimum of as of April 2022, that the constructing does in reality exist as depicted:
The constructing additionally options in Cancri Jewellery’s advertising and marketing movies:
Apart from having a branded constructing in Turkey nonetheless, Cancri Jewellery in any other case doesn’t seem to have any ties to the nation.
Cancri Jewellery advertising and marketing movies are all in Russian and have Russian talking actors.
Cancri represents it has a “name middle” in Ukraine. Apart from a telephone quantity although, no particulars are supplied.
On November seventeenth 2021, the Central Financial institution of Russia issued a Cancri Jewellery monetary pyramid warning.
Related Cancri Jewellery domains cited by the CBR embrace:
- cancri-jewelry.internet (deserted)
- cancrijewelry.internet (Turkish model of homepage, useless web site)
- cancri-jewelry.com (deserted, Bulgarian internet hosting)
- cancri-jewelry.web site (Russian model of homepage, useless web site) and
- cancrijewelry.diamonds (major web site, energetic)
Cancri Jewellery’s web site options each Russian and Ukrainian internet companies:
We are able to conclude from all of this that Cancri Jewellery is run by Russians and/or Ukrainians, pretending they’re based mostly out of Turkey.
As at all times, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Cancri Jewellery’s Merchandise
Cancri Jewellery has no retailable services or products.
Associates are solely in a position to market Cancri Jewellery affiliate membership itself.
Cancri Jewellery’s Compensation Plan
Cancri Jewellery associates make investments funds on the promise of promoting returns:
- make investments €100 EUR and obtain 3.5% every week for 364 days (182%)
- make investments €900 EUR and obtain 5% every week for 364 days (260%)
- make investments €2700 EUR and obtain 5.5% (?) every week for 364 days
- make investments €8100 EUR and obtain 6% every week for 364 days (312%)
The €2700 EUR tier seems to be mislabeled on Cancri Jewellery’s web site (identical ROI because the €300 EUR tier), therefore I’ve marked it with a query mark.
The MLM aspect of Cancri Jewellery pays on recruitment of affiliate buyers.
Cancri Jewellery Affiliate Ranks
There are sixteen affiliate ranks inside Cancri Jewellery’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Newbie – generate €100 EUR in downline funding
- Supervisor – generate €300 EUR in downline funding
- Senior Supervisor – generate €1000 EUR in downline funding
- Golden Supervisor – generate €3000 EUR in downline funding
- Diamond Supervisor – generate €10,000 EUR in downline funding
- Mentor – generate €20,000 EUR in downline funding
- Senior Mentor – generate €50,000 EUR in downline funding
- Golden Mentor – generate €100,000 EUR in downline funding
- Diamond Mentor – generate €250,000 EUR in downline funding
- Grasp – generate €500,000 in downline funding
- Senior Grasp – generate €1,000,000 in downline funding
- Golden Grasp – generate €2,000,000 in downline funding
- Diamond Grasp – generate €3,000,000 in downline funding
- Managing Director – generate €10,000,000 in downline funding
- Golden Managing Director – generate €25,000,000 in downline funding
- Diamond Managing Director – generate €50,000,000 in downline funding
Observe that downline funding features a Cancri Jewellery affiliate’s personal private funding quantity.
Referral Commissions
Cancri Jewellery pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned straight beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Every Cancri funding pays a 20% referral fee. It is a coded fee, paid as per the next qualification standards:
- Newcomers earn a 5% referral fee fee
- Managers earn a 6% referral fee fee
- Senior Managers earn a 7% referral fee fee
- Golden Managers earn an 8% referral fee fee
- Diamond Managers earn a 9% referral fee fee
- Mentors earn a ten% referral fee fee
- Golden Mentors earn a 12% referral fee fee
- Diamond Mentors earn a 13% referral fee fee
- Masters earn a 14% referral fee fee
- Senior Masters earn a 15% referral fee fee
- Golden Masters earn a 16% referral fee fee
- Diamond Masters earn a 17% referral fee fee
- Managing Administrators earn an 18% referral fee fee
- Golden Managing Administrators earn a 19% referral fee fee
- Diamond Managing Administrators earn a 20% referral fee fee
The coded nature comes into play when associates decrease than Diamond Managing Director earn a referral fee.
20% is paid on all Cancri Jewellery funding.
Let’s say a Mentor indicators up an investor. They earn their 10% referral fee fee. This leaves 10% of the entire 20% referral fee fee nonetheless to be paid out.
The system searches upline for the primary Golden Mentor or greater to pay the steadiness out to.
Let’s say a DIamond Grasp is discovered first. They obtain 7% (17% minus the ten% already paid out). This leaves 3% nonetheless remaining to be paid out.
The system then searches additional upline.
- if a Managing Director is discovered first, they obtain 1% (18% minus 17%), leaving 2% to be paid upline
- if a Golden Managing Director is discovered first, they obtain 2% (19% minus 17%), leaving 1% to be paid to the primary Diamond Managing Director upline
- if a Diamond Managing Director is discovered first, they obtain the complete 3% remaining steadiness
Observe that any time a Diamond Managing Director receives a referral fee, it’s both the complete 20% on their very own recruits, or no matter steadiness is left on a referral fee handed upline.
On this method greater ranked Cancri Jewellery associates can earn referral commissions handed up from wherever of their unilevel crew.
Becoming a member of Cancri Jewellery
Cancri Jewellery affiliate membership seems to be free.
Full participation within the hooked up earnings alternative requires a minimal €100 EUR funding.
Cancri Jewellery Conclusion
The advertising and marketing ruse behind Cancri Jewellery is that buyers are buying jewellery. One thing one thing ROI and, after 364 days, they will go choose up ordered jewellery from Cancri Jewellery’s storefront.
Or, and that is the much more possible plan of action, affiliate buyers simply hold their ROI and don’t trouble concerning the jewellery.
Whether or not it’s truly potential or to not accumulate jewellery irrelevant to Cancri Jewellery working as a Ponzi scheme.
Whereas showing to have a storefront in Turkey is definitely attention-grabbing (so far as due-diligence goes), it’s additionally immaterial to Cancri Jewellery working as a Ponzi scheme.
Actually Cancri Jewellery is bit extra excessive manufacturing than your typical Russian crypto Boris CEO Ponzi. However beneath the flashy advertising and marketing movies, staged occasions and actor movies, you’ve acquired the identical fraudulent enterprise mannequin.
You make investments, Cancri Jewellery takes that cash and pays different buyers, and also you hope recruitment retains up so you’ll be able to steal another person’s cash.
Sadly that doesn’t look like the case for anybody having not too long ago invested:
Whereas early Cancri Jewellery buyers have been little question Russians and Ukrainians, at this time the vast majority of buyers are in France, Germany and Hungary.
As you’ll be able to see from SimilarWeb monitoring above although, Cancri Jewellery recruitment throughout the board is down nearly 50% month on month over the previous two months.
In what seems to be an try to seek out new victims, Cancri Jewellery has been hyping a hopeful unfold into neighbouring Georgia.
Whether or not that catches on stays to be seen.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Cancri Jewellery of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of members lose cash.
