Apex376 Companions fails to supply possession or government data on its web site.
Apex376 Companions’ web site area (“apex376partners.com”), was registered on March thirty first, 2022. “Apex Companions” is listed because the area proprietor, by way of a random tackle in New York.
Additional to that tackle, Apex376 Companions stakes its legitimacy on a purported New York incorporation.
Apex 376 Companions LLC Registered In New York Underneath Quantity 5947673, In Partnership With Prime-Tier Experience Registered With The SEC In The USA.
This DOS ID corresponds to Apex 376 Companions LLC, a New York shell firm integrated again in February 2021.
Contemplating this predates registration of Apex376 Companions’ web site area by over a yr, and that Apex 376 Companions LLC hasn’t made any filings past its preliminary incorporation, it’s extremely unlikely Apex376 Companions has something to do with the New York shell firm.
It seems the scammers behind Apex376 Companions has misappropriated the title of the New York shell firm.
In any occasion for the aim of MLM due-diligence, shell incorporation in any jurisdiction is meaningless.
One factor that originally threw me had been social media profiles created for “Aaron Joseph Ellebrecht”.
These Ellebrecht profiles have been created once more to present Apex376 Companions credibility.
The profiles look convincing sufficient and are backdated with quite a few posts and photographs.
The issue is Ellebrecht doesn’t exist.
The scammers behind Apex376 Companions have stolen the id of PM Worldwide founder and CEO Rolf Sorg.
That is in all probability why Ellebrecht doesn’t function on Apex376 Companions’ web site.
Coordination of Apex376 Companions associates seems to primarily happen on a personal FaceBook group:
The group is managed by way of three bogus/stolen FaceBook accounts.
By means of SimilarWeb, we will see that, regardless of Apex376 Companions being initially arrange round March 2022, the corporate solely truly launched final month:
If I needed to guess, Apex376 Companions was imagined to launch on or round Could 2022. That was the identical month Terra and Luna collapsed, dragging down your complete crypto market with it.
Apex376 Companions was doubtless placed on ice, solely to relaunch roughly a yr later.
As of January 2023, SimilarWeb tracks 100% of Apex376 Companions web site visitors as originating from Malaysia.
Given that is the launch month, I’m assured in whoever is behind Apex376 Companions additionally being from Malaysia.
As at all times, if an MLM firm is just not overtly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Apex376 Companions’ Merchandise
Apex376 Companions has no retailable services or products.
Associates are solely in a position to market Apex376 Companions affiliate membership itself.
Apex376 Companions’ Compensation Plan
Apex376 Companions make investments cryptocurrency on the promise of marketed returns:
- Apex Dealer – make investments $500 or extra and obtain 2% a day
- Apex Comp Plan – make investments $2500 or extra and obtain 2.5% a day for as much as 24 weeks
The MLM aspect of Apex376 Companions pays on recruitment of affiliate traders.
Apex376 Companions pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned immediately beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.
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.
Apex376 Companions caps payable unilevel staff ranges at 5.
Referral commissions are paid as a proportion of funds invested throughout these 5 ranges as follows:
- stage 1 (personally recruited associates) – 5%
- stage 2 – 4%
- stage 3 – 3%
- stage 4 – 2%
- stage 5 – 1%
Becoming a member of Apex376 Companions
Apex376 Companions affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal $500 funding.
Apex376 Companions solicits funding in bitcoin (BTC) or tether (USDT).
Apex376 Companions Conclusion
You gained’t discover particulars of Apex376 Companions funding scheme or MLM compensation plan on their public-facing web site.
The corporate does its finest to current a generic fintech template, behind which is a bog-standard MLM crypto Ponzi.
Apex376 Companions claims it generates exterior income by way of
a staff of blockchain specialists and tokenized actual property professionals with long run intensive expertise in these respective fields.
No proof of Apex376 Companions having such a staff exists.
Such proof would have to be filed with the SEC, which Apex376 Companions dances round.
Apex 376 Companions LLC Registered In New York Underneath Quantity 5947673, In Partnership With Prime-Tier Experience Registered With The SEC In The USA.
Apex376 Companions is regulated by each the Open company(NY) and New York firm registry which is affiliated to SEC.
Registering with the SEC is a straight-forward course of. As soon as registered, anybody can confirm registration by way of the SEC’s public Edgar database.
Apex376 Companions is just not registered with the SEC, for what needs to be apparent causes.
Regardless of the baloney above from Apex376 Companions, you possibly can’t “associate” your approach to registration with the SEC. Both you’re registered otherwise you aren’t.
Not being registered with the SEC means Apex376 Companions is committing securities fraud. This brings us again to Apex376 Companions being a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Apex376 Companions of ROI income, finally prompting a collapse.
The maths behind MLM Ponzi schemes ensures that after they collapse, the vast majority of members lose cash.
Whereas finance themed Ponzis out of Malaysia is nothing new, placing effort into pretending to be a US firm is. It stays to be seen if it is a growing pattern.
