Lucent Dealer offers no credible firm possession or govt data on its web site.
Supposedly, Lucent Dealer is headed up by Chairman James Brent Craig;
James Brent Craig is Chairman and Govt Director of Lucent Dealer, a Commodity analyst and foreign exchange dealer with over 16 years expertise within the Monetary business.
He has been buying and selling since 2005 inside which he developed a confirmed technique and has been in a position to train his technique to different profitable merchants with constant outcomes.
James is a household man from Miami, Florida, USA, likes to journey and interact in assembly shoppers.
Not surprisingly, Craig doesn’t exist outdoors of Lucent Dealer’s advertising and marketing. This makes him a primary Boris CEO candidate.
What I imagine whoever is definitely behind Lucent Dealer has completed, is misappropriated the establish of an precise James Brent Craig.
The precise Craig is predicated out of Florida and is registered with FINRA. Lucent Commerce’s fictional Craig biography seems loosely primarily based on the precise Craig’s FINRA document.
The person on Lucent Dealer’s web site seems to be of middle-eastern or Indian heritage. Public data affirm the precise James Brent Craig in Florida is “white, not Hispanic”.
No matter the place he’s really from, the person representing Craig on Lucent Dealer’s web site is clearly not “white, not Hispanic”.
This isn’t the primary time scammers have misappropriated the identification of a FINRA registered dealer.
Lucent Dealer’s web site area (“lucentrader.com”), was first registered in March 2021. The personal registration was final up to date on March 14th, 2022.
Regardless of being round for simply over a 12 months at greatest, Lucent Dealer falsely represents it was established in 2014.
In an try to look reliable, Lucent Dealer offers a company deal with within the UK on its web site. For the aim of MLM due-diligence, that is meaningless.
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Lucent Dealer’s Merchandise
Lucent Dealer has no retailable services or products.
Associates are solely in a position to market Lucent Dealer affiliate membership itself.
Lucent Dealer’s Compensation Plan
Lucent Dealer associates make investments funds on the promise of marketed returns:
- Cradle Incorporation – make investments $300 to $50,000,000 and obtain 1% a day for 3 years
- CBD – make investments $5000 to $5,000,000 and obtain 4.25% per week for 52 weeks
- Cryptocurrency Mining – make investments $5000 to $5,000,000 and obtain 7% per week for 52 weeks
- Foreign exchange Fund – make investments $10,000 to $5,000,000 and obtain 7.5% per week for 52 weeks
- Cryptocurrency Buying and selling – make investments $20,000 to $20,000,000 and obtain 8.75% per week for 52 weeks
- Actual Property Program – make investments $50,000 to $50,000,000 and obtain 10% per week for 52 weeks
- Oil and Fuel Partnership – make investments $50,000 to $50,000,000 and obtain 20% per week for 52 weeks
Observe there may be some overlap in Lucent Dealer’s supplied funding plans.
Additionally observe that Lucent Dealer costs a ten% price on all withdrawals.
Lucent Dealer pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned immediately below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Lucent Dealer caps payable unilevel workforce ranges at ten.
Referral commissions are paid out as a proportion of funds throughout these ten ranges as follows:
- degree 1 (personally recruited associates) – 10%
- ranges 2 to 10 – not disclosed
Becoming a member of Lucent Dealer
Lucent Dealer affiliate membership seems to be free.
Full participation within the connected earnings alternative requires a minimal $300 funding.
Lucent Dealer Conclusion
Lucent Dealer represents it generates exterior income by way of a “proprietary buying and selling technique”.
No proof of buying and selling income getting used to pay affiliate withdrawals is supplied.
Moreover, Lucent Dealer’s enterprise mannequin fails the Ponzi logic take a look at.
If the corporate already had a buying and selling technique producing 20% per week, they’d make investments their very own capital and shortly retire among the many richest on the planet.
They actually don’t want your cash. Nor would they offer you entry totally free.
The explanation Lucent Dealer’s enterprise mannequin is unnecessary is as a result of, like its fictional Chairman, the buying and selling technique doesn’t exist.
The one verifiable income getting into Lucent Dealer is new funding quantity.
Utilizing new funding to pay affiliate withdrawal requests makes Lucent Dealer a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Lucent Dealer of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.
