The Prosperity Grid gifting scheme has collapsed.
Admins behind the rip-off have teamed up with Reward of Legacy scammer Jacques Marais, rebooting as Infinity Grid.
The Prosperity Grid was a South African gifting scheme launched on or round March 2021.
Amongst others, The Prosperity Grid was headed up by South African resident Marina Taute (proper).
In Could 2022 BehindMLM famous The Prosperity Grid was on the snapping point. This was signalled by The Prosperity Grid’s entry value being slashed from $500 to ~$126.
Explaining the change on a webinar, Taute reasoned The Prosperity Grid recruitment collapsed as a result of it value an excessive amount of to hitch.
In June 2022 The Prosperity Grid lastly caught the eye of South African regulators. Sadly the regulator to take discover was the FSCA – South Africa’s prime monetary regulator.
Gifting schemes are pyramid schemes, which fall outdoors of the FSCA’s jurisdiction. In closing their investigation, the FSCA claimed they’d “referred the matter to different related regulators and authorities in South Africa”.
In the meantime we now have Infinity Grid.
Infinity Grid’s web site area (“infinitygrid.world”), was privately registered on Could twenty third, 2022. That is across the time The Prosperity Grid’s collapse started.
In an official Infinity Grid November seventeenth webinar, Dusan Torbica, a former OneCoin Ponzi promoter, introduces Jacques Marais as “the beekeeper”.
Torbica goes on to state Marais is “the architect” of Infinity Grid.
Marais (proper) was one of many unique “core 5” of the Reward of Legacy gifting scheme. Reward of Legacy was a by-product of Kindred Hearts, yet one more gifting scheme Marais was concerned in.
In July 2022, as Reward of Legacy was additionally collapsing, Marais claimed the rip-off had been “stolen” from him.
As you all know, GL – my brainchild and delight and pleasure – Reward of Legacy, was taken from me by the ‘Core Leaders’ and launched to the group earlier than it was prepared.
Because of this, it has not carried out nor lived as much as the preliminary guarantees that have been made, and to this present day, – although it has been out of my management, I really feel accountable for that. And due to this fact accountable to every certainly one of you.
So um right here we’re, with Marais fronting one other gifting scheme pieced collectively from the ashes of different collapsed gifting schemes.
In a nutshell, Infinity Grid continues The Prosperity Grid gifting scheme. The one important adjustments are the rebranding and “bee” theme to market the rip-off.
- contributors in Infinity Grid are known as “keepers” (as in “bee keepers”)
- matrices utilized in Infinity Grid are known as honeycombs
- biking from one matrix to a better tier cost matrix is known as “cross-pollination”
As a substitute of the 2 tiers The Prosperity Grid had, Infinity Grid has 4.
The identical 2×3 matrix construction is used for every tier.
Infinity Grid’s 4 tiers are priced at $100, $400, $1500 and $3000.
Uncooked numbers out and in are $100 in and $40,000 per place.
I imagine private recruitment is required to cycle out of tier 1 (grid 1) to tier 2 (grid 2). Passively filling a tier 1 matrix doesn’t cycle into tier 2.
Alongside the best way new positions are created as contributors cycle out, additional draining the system.
Core to all MLM gifting scams is fixed recruitment, with out which Infinity Grid inevitably collapses.
Regardless of all of the earlier gifting schemes he’s been in or run having collapsed, Marais claims Infinity Grid is “right here for the subsequent 100 years”.
BehindMLM can’t converse to why South African authorities don’t shut down distinguished MLM gifting schemes. We do notice that South Africa generally has a poor monitor file of MLM regulation.
Pending regulatory investigations, what number of victims Jacques Marais created with Reward of Legacy and the way a lot they misplaced is unknown. Ditto the identical figures for The Prosperity Grid.
What we do know is that earlier than its launched, Infinity Grid has already been preloaded with The Prosperity Grid prime scammers and victims. Marais refers to present promoters as “whitelisters”.
In case you’re studying this as a result of somebody pitched you on Infinity Grid, the concept is that you simply purchase in and repay present victims. Then, until you rip-off a bunch of individuals your self, you turn into a brand new sufferer.
Over time the variety of victims in MLM gifting schemes grows exponentially. Even if you happen to don’t perceive the matrix constructions and biking, math is math. $100 in and $40,000 out is 4 hundred new suckers for each $100 gifting cost in.
What’s paid in is what’s paid out in an MLM gifting scheme. And the vast majority of that goes to admins and prime promoters.
As per a welcome message in Infinity Grid’s backoffice, the rip-off is scheduled to launch on January twentieth, 2023.
Pending the unlikely occasion South African authorities shut Infinity Grid and Marais down, we’ll preserve you posted. Failing which we’ll be right here to doc Infinity Grid’s inevitable collapse.
