L.NE fails to supply possession or government data on its web site.
L.NE directs its MLM alternative to South Africa, each by means of supplied puff-piece information articles and use of the South African rand (ZAR).
L.NE’s web site area (“bcok.membership”), was privately registered on November twenty fifth, 2022.
L.NE operates its MLM alternative by means of an app. L.NE’s app is supplied on the area “downele.membership”, which is linked from L.NE’s homepage.
“Downele.membership” was privately registered on December 1st, 2022. By its source-code, we are able to verify Chinese language scammers are behind L.NE:
There’s additionally this odd line in L.NE’s Privateness Coverage;
You probably have violated related Chinese language legal guidelines and laws or this utility service settlement or associated guidelines, you want to disclose it to a 3rd occasion.
One other focal point is L.NE coordinating its MLM alternative by means of the Telegram group “Photovoltaic7”
Telegram is a communication platform synonymous with fraud.
As all the time, if an MLM firm just isn’t brazenly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
L.NE’s Merchandise
L.NE has no retailable services or products.
Associates are solely capable of market L.NE affiliate membership itself.
L.NE’s Compensation Plan
L.NE associates make investments ZAR or tether (USDT) equivalents. That is finished on the promise of marketed returns:
- Wind Turbine – make investments R28 and obtain R14 a day for two days
- Mini Wind Turbine – make investments R300 and obtain R9 a day for 7 days
- Small Wind Turbine – make investments R1000 and obtain R34 a day for 30 days
- Medium Wind Turbine – make investments R3000 and obtain R105 a day for 30 days
- Superior Wind Turbine – make investments R10,000 and obtain R300 a day for 30 days
L.NE pays referral commissions on invested fund down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 6%
- stage 2 – 3%
- stage 3 – 1%
Becoming a member of L.NE
L.NE affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal preliminary R28 funding.
L.NE solicits funding in ZAR and USDT.
L.NE Conclusion
L.NE is yet one more “click on a button” app Ponzi scheme. I believed the identify may be a play on “Line”, a preferred messaging app in Asia.
Seems it’s a misspelling with a random interval insert as a result of causes.
Welcome to hitch (L.NE) Worldwide New Power Firm Channel, the corporate is dedicated to growing and establishing renewable vitality energy technology services, and selling the event and upkeep of latest vitality energy.
Mixing up “L” and “I” looks like a type of foolish mistake to make. Possibly it was intentional, who is aware of. The scammers behind L.NE aren’t native English audio system.
From the excerpt above, you possibly can see that this time across the “click on a button” Ponzi ruse is “renewable vitality”.
It is a extra broad variation of the not too long ago collapsed SunSolar and Gollong Photo voltaic Ponzis, which centered on photo voltaic.
L.NE represents associates are investing in renewable vitality tools. And that “clicking a button” each day generates renewable vitality, which one thing one thing ROI.
In actuality, all L.NE are doing is recycling invested funds to pay returns.
Peace Ranch is a part of a gaggle of “click on a button” app Ponzis that emerged in late 2021.
Together with L.NE, BehindMLM has so far documented forty-five “click on a button” app Ponzis. Most of them final just a few weeks to some months earlier than collapsing.
The identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.
To this point the one authorities that has acknowledged the existence of “click on a button Ponzis is the Philippines.
Different fraud warnings have been issued towards particular “click on a button” Ponzis, however the sector as an entire has principally flown below the radar.
