Secure Belief fails to supply possession or government data on its web site.
Secure Belief’s web site area (“safe-trust.internet”), was privately registered on March thirtieth, 2023.
In an try to look professional, Secure Belief gives an incorporation certificates for “Secure Belief Wealth LTD”.
Secure Belief Wealth LTD was purportedly integrated in New Zealand on March thirtieth. This ties into Secure Belief claiming to be “a monetary advisory apply with workplace in New Zealand”.
As a result of ease with which scammers are capable of incorporate shell corporations with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
That is emphasised in Secure Belief’s advertising and marketing presentation, which states;
SAFE TRUST IS A GLOBALLY RESPECTED AND RESPONSIBLE INVESTMENT FUND INSTITUTION INCORPORATED IN NEW ZEALAND AND GOVERNED BY THE LAWS AND RULES OF THE NZ SECURITIES AND EXCHANGE COMMISSION.
There is no such thing as a “New Zealand Securities and Change Fee”. Securities in New Zealand are regulated by the Monetary Markets Authority.
Past shell incorporation, it’s unlikely Secure Belief has any precise ties to New Zealand.
In Secure Belief’s web site source-code we discover reference to WealthPool.
WealthPool is a day by day returns crypto Ponzi scheme launched in late April 2023.
WealthPool’s advertising and marketing movies are robodub narrated, which is typical of non-native English talking admins.
WealthPool pretends to be based mostly out of the UK and seems to have already collapsed.
The identical scammers behind WealthPool are behind Secure Belief.
As all the time, if an MLM firm is just not brazenly upfront about who’s operating or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
Secure Belief’s Merchandise
Secure Belief has no retailable services or products.
Associates are solely capable of market Secure Belief affiliate membership itself.
Secure Belief’s Compensation Plan
Secure Belief associates make investments USD equivalents in cryptocurrency. That is executed on the promise of marketed returns:
- Financial system – make investments $20 or extra and obtain 6.2% a day
- Deluxe – make investments $3000 or extra and obtain 9.3% a day
The MLM aspect of Secure Belief pays referral commissions on invested cryptocurrency down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 3%
- stage 2 – 2%
- stage 3 – 1%
Becoming a member of Secure Belief
Secure Belief affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $20 funding.
Secure Belief solicits funding in numerous cryptocurrencies.
Secure Belief Conclusion
Like WealthPool, Secure Belief is a straightforward crypto Ponzi scheme.
Secure Belief claims it generates exterior income by way of “a portfolio of main digital belongings.”
No proof of this portfolio is supplied, a lot the much less exterior income being generated by way of it.
Moreover, Secure Belief gives no proof it has registered with New Zealand’s FMA.
Even in case you purchased into Secure Belief being based mostly out New Zealand, this implies the corporate is committing securities fraud.
Securities fraud and Ponzi schemes go hand in hand.
As with all MLM Ponzi schemes, as soon as Secure Belief affiliate recruitment dries up so too will new funding.
This can starve Secure Belief of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.
