The Berlin Group function within the MLM cryptocurrency area of interest and look like based mostly out of Australia.
Two company addresses for The Berlin Group are offered on their web site.
The primary is in Brisbane and belongs to Servcorp, a digital workplace supplier.
The second deal with is an condo in Melbourne. The connection between the Melbourne condo and The Berlin Group, if any, is unclear.
Heading up the Berlin Group is Director and CEO, Joachim Pydde (proper).
In keeping with Pydde’s Berlin Group company bio, previous to the present MLM providing he was promoting espresso to supermarkets.
The present Berlin Group MLM providing seems to be spearheaded by Laurie Suarez.
Cited as The Berlin Group’s Govt Operations Supervisor, Suarez has a “stable basis in crypto” and
was seconded by the Berlin Group to implement a capital elevating Bot to facilitate within the inception of the varied initiatives the corporate has on the desk.
Suarez’s “crypto basis” will not be specified, nor was I capable of tie him or Joachim Pydde to another MLM firms.
What I did study nonetheless is that Suarez, higher often called Lorenzo David Suarez and Laurence Suarez, is a “convicted fraudster“.
Peter Ohanyan, cited as The Berlin Group’s Chief Advertising Officer, was selling 3T Networks earlier this 12 months (March’ish).
3T Networks was an unlawful unregistered securities providing, mixed with pyramid recruitment.
After 3T Networks collapsed Ohanyan began selling GroceryBit, a failed cryptocurrency cashback scheme.
Learn on for a full assessment of The Berlin Group MLM alternative.
The Berlin Group Merchandise
The Berlin Group has no retailable services or products, with associates solely capable of market The Berlin Group affiliate membership itself.
The Berlin Group Compensation Plan
The Berlin Group associates make investments bitcoin in The Recycle Bot.
The Recycle Bot is a Telegram-based bot The Berlin Group function.
By means of The Recycle Bot, the Berlin Group supply associates a 2.8% each day ROI for 60 days.
The Berlin Group pays referral commissions on Recycle Bot invested funds down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 10%
- degree 2 – 3%
- degree 3 – 1%
Becoming a member of The Berlin Group
The Berlin Group affiliate membership is free.
Full participation within the hooked up MLM alternative nonetheless requires a 0.002 BTC or increased funding.
Conclusion
The ruse behind The Berlin Group’s each day ROI scheme is recycling.
Past calling their Telegram Ponzi bot “The Recycling Bot”, in actuality The Berlin Group has nothing to do with promoting.
One want solely take a look at The Berlin Group’s Phrases and Situations to substantiate what The Recycle Bot truly is:
The Recycle Bot is formally a “Crypto Development Bot” and may solely be referenced as such.
In The Berlin Group’s personal phrases the Recycle Bot “grows” investor’s cryptocurrency, to the tune of 168% each 60 days.
If you happen to go to The Berlin Group’s web site, you’ll discover restricted reference to The Recycle Bot and completely no specifics as to the MLM facet of the enterprise.
In truth, The Berlin Group even go as far as to ban associates from mentioning it wherever.
No use of the identify The Recycle Bot/The Recycle Development Bot in any method in a URL identify, web site, blogs, assessment web page or any public area listed on the web which will comprise the identify The Recycle Bot/The Recycle Development Bot.
You aren’t permitted to create movies on YouTube or another video platform relating to The Recycle Bot/The Recycle Development Bot.
You aren’t permitted to make public social media posts wherever that embrace The Recycle Bot/The Recycle Development Bot.
You aren’t permitted to publish or share movies or photos of The Recycle Bot/The Recycle Development Bot.
The explanation for that is after all the one verifiable income getting into The Berlin Group and their Telegram bot is new funding.
All The Berlin Group are doing is recycling newly invested funds to repay current traders, making it a Ponzi scheme.
However Oz, it is a totally integrated Australian firm!
Yeah, about that…
Certain, The Berlin Group is integrated in Australia each with an ABN (46 604 311 300) and ACN (604 311 300).
As with all MLM firm that comes with itself in Australia nonetheless, that is merely smoke and mirrors.
So far as company filings go, The Berlin Group was integrated in 2015 and hasn’t filed something since 2016 – nicely earlier than they launched their The Recycle Bot.
Little question Joachim Pydde and the remainder of the admins are hoping to make as a lot cash earlier than The Berlin Group inevitably collapses.
Traditionally I don’t suppose we’ve seen ASIC take any motion towards scams till lengthy after they’ve collapsed, and not often do Australian authorities pursue MLM associated fraud.
Sometimes they simply delist and overlook about it. Which can in all probability occur with The Berlin Group.
As I discussed nonetheless, The Berlin Group’s Australian incorporation is simply smoke and mirrors.
Alexa presently cite the UK (61%), Greece (11.4%) and the Philippines (6.2%) as the first sources of site visitors to The Berlin Group web site.
Neither The Berlin Group or their Recycle Bot are licensed to function as an funding platform in any of those jurisdictions.
Potential The Berlin Group traders want solely want look so far as iCenter, Alpha Money, V-Tec, RobinHood World, Enterprise Bot Incubator and Lara With Me for Telegram Ponzi bot losses.
Ponzi math is a zero sum sport and The Berlin Group’s Recycle Bot will finish no otherwise.