Christian Nickel’s securities fraud from Dubai

/ Frauds, MLM Reviews / By


Be Infinity operates within the training and buying and selling MLM niches.

Be Infinity operates as a Hong Kong shell firm, headed up by founder Christian Nickel, who additionally goes by the alias “Chriz Nickel”.

Nickel, who additionally goes by “Chriz Nickel”, discovered average success in Eaconomy circa 2019:

Eaconomy collapsed in March 2020. After which Nickel launched a PR spam marketing campaign:

In one of many spam articles Nickel reveals his MLM historical past;

As we speak he’s a world gross sales director at his firm and is related to many different MLM firms like Wealth Mills, Imarketslive, Economic system and Auvoria Prime.

Lengthy story quick, Nickel was a no person in MLM until round 2017 – when he obtained concerned in MLM foreign exchange scams.

You’ve most likely seen commodities fraud being a recurring theme within the MLM firms Nickel has promoted. We’ll get extra into that within the conclusion of the assessment.

In some unspecified time in the future throughout his promotion of MLM firms committing commodities fraud, Nickel relocated from Germany to Dubai.

Dubai is the MLM crime capital of the world.

BehindMLM’s tips for Dubai are:

  1. If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
  2. If an MLM firm is predicated out of or represents it has ties to Dubai, it’s a rip-off.

If you wish to know precisely how this is applicable to Be Infinity, learn on for a full assessment.

Be Infinity’s Merchandise

Be Infinity markets subscriptions to Infinity Academy:

The academy offers you with all of the necessary abilities within the areas: cash, foreign exchange, taxes, shares, crypto.

Be Infinity clients even have entry to crypto, foreign exchange and inventory stay buying and selling periods, in addition to an auto buying and selling bot and varied sign instruments.

Infinity Academy subscriptions vary from month-to-month to annual:

  • Fundamental Bronze – $129 a month (entry to “fundamental content material”)
  • Fundamental Silver – $314.97 after which $299.97 a month (similar as Bronze however get a ten% low cost on Be Infinity occasions)
  • Fundamental Gold – $614.94 after which $599.94 a month (25% low cost on Be Infinity occasions plus crypto value analyzer)
  • Fundamental Platinum – $1214.88 after which $1199.88 yearly (similar as Fundamental Gold however “stage seat 2nd row at occasions”)
  • Fundamental Small Enterprise – $2414.76 after which $2399.76 each three years (similar as Fundamental Gold however “stage seat 1st row at occasions”)
  • Fundamental Massive Enterprise – $9014.10 after which $8999.10 each ten years (description is similar as Fundamental Small Enterprise)
  • Fundamental Infinity – $20,013 after which $19,998 each twenty-five years (description is similar as Fundamental Small Enterprise)

Be Infinity’s auto buying and selling bot is $29.99 a month – however you need to purchase and preserve one of many subscriptions above to entry it.

Be Infinity’s Compensation Plan

Be Infinity’s compensation plan pays on subscription gross sales to retail clients and recruited associates.

Be Infinity Affiliate Ranks

There are 13 affiliate ranks inside Be Infinity’s compensation plan.

Together with their respective qualification standards, they’re as follows:

  • Affiliate – join as a Be Infinity affiliate and keep updated with charges
  • Visionary – generate and preserve 2000 GV in month-to-month unilevel crew quantity
  • Influencer – generate and preserve 5000 GV in month-to-month unilevel crew quantity
  • Ambassador – generate and preserve 10,000 GV in month-to-month unilevel crew quantity
  • Sapphire – generate and preserve 20,000 GV in month-to-month unilevel crew quantity (capped 80% from anybody recruitment leg)
  • Ruby – generate and preserve 50,000 GV in month-to-month unilevel crew quantity (capped 80% from anybody recruitment leg)
  • Emerald – generate and preserve 100,000 GV in month-to-month unilevel crew quantity (capped 80% from anybody recruitment leg)
  • Diamond – generate and preserve 200,000 GV in month-to-month unilevel crew quantity (capped 70% from anybody recruitment leg)
  • Blue Diamond – generate and preserve 500,000 GV in month-to-month unilevel crew quantity (capped 70% from anybody recruitment leg)
  • Purple Diamond – generate and preserve 1,000,000 GV in month-to-month unilevel crew quantity (capped 70% from anybody recruitment leg)
  • Black Diamond – generate and preserve 5,000,000 GV in month-to-month unilevel crew quantity (capped 70% from anybody recruitment leg)
  • Double Black Diamond – generate and preserve 10,000,000 GV in month-to-month unilevel crew quantity (capped 70% from anybody recruitment leg)
  • Infinity Diamond – generate and preserve 20,000,000 GV in month-to-month unilevel crew quantity (capped 60% from anybody recruitment leg)

GV stands for “Group Quantity”. Group quantity is gross sales quantity derived by subscription purchases by an affiliate, their retail clients and downline associates (straight and not directly recruited).

Residual Commissions (unilevel)

A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned straight underneath them (stage 1):

If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.

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.

Every Be Infinity subscription generates a certain quantity of unilevel crew GV.

Be Infinity pays residual commissions as a rank differential, starting from 4% at Affiliate to 25% at Double Black Diamond and better.

  • Associates earn a 4% residual fee price
  • Visionarys earn a 6% residual fee price
  • Influencers earn an 8% residual fee price
  • Ambassadors earn a ten% residual fee price
  • Sapphires earn a 12% residual fee price
  • Rubys earn a 14% residual fee price
  • Emeralds earn a 16% residual fee price
  • Diamonds earn an 18% residual fee price
  • Blue Diamonds earn a 20% residual fee price
  • Purple Diamonds earn a 22% residual fee price
  • Black Diamonds earn a 24% residual fee price
  • Double Black Diamonds and better earn a 25% residual fee price

25% is paid out out on all unilevel crew quantity, with greater ranked associates accumulating the distinction paid throughout decrease ranks.

E.g. a Sapphire in your downline generates 100 GV. They earn 12% out of the 25% paid out on that quantity as a residual fee.

This leaves 13% nonetheless to be paid out (25% minus 12%).

The system searches upline throughout the unilevel crew for a Ruby or greater ranked affiliate. When one is discovered, they obtain their rank residual fee price.

If there’s any leftover nonetheless to be paid out, the system continues to look additional upline. This continues till the utmost 25% differential is paid out to a Double Black Diamond or greater.

Utilizing the instance above, if the subsequent highest ranked affiliate discovered upline was a Purple Diamond, they’d obtain 10% (22% minus the 12% already paid out).

This nonetheless leaves 3%, which might go to upline Black Diamond and better ranked associates.

Notice that anytime a Double Black Diamond or greater ranked affiliate generates or is discovered upline throughout the unilevel crew, they both obtain the total 25% residual fee price or no matter is left to be paid out. Nothing is handed up.

Matching Bonus

Be Infinity pays a Matching Bonus on residual unilevel commissions earned by downline associates.

The Matching Bonus is paid out on residual commissions earned down two unilevel crew ranges (two ranges of recruitment):

  • stage 1 (personally recruited associates) – 9%
  • stage 2 – 3%

All Be Infinity associates qualify for the Matching Bonus.

Residual Commissions (binary)

A binary compensation construction locations an affiliate on the prime of a binary crew, cut up into two sides (left and proper):

The primary stage of the binary crew homes two positions. The second stage of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).

Subsequent ranges of the binary crew are generated as required, with every new stage housing twice as many positions because the earlier stage.

Positions within the binary crew are stuffed through direct and oblique recruitment of associates. Notice there isn’t any restrict to how deep a binary crew can develop.

Be Infinity pays residual binary commissions in accordance with cycles.

A cycle is generated when 200 GV is matched on either side of the binary crew.

Residual binary commissions are calculated month-to-month. How a lot a Be Infinity affiliate earns per cycle generated throughout the binary crew is decided by rank:

  • Associates to Influencers earn $15 per cycle
  • Ambassadors to Diamonds earn $20 per cycle
  • Blue Diamonds and better earn $25 per cycle

Notice that unmatched binary crew GV will be rolled over for as much as two years.

Faststart Bonus

Be Infinity associates who rank qualify inside thirty days of signing up qualify for a Faststart Bonus:

  • qualify at Visionary and obtain one extra Excessive Efficiency Pool share
  • qualify at Influencer and obtain two extra Excessive Efficiency Pool shares
  • qualify at Ambassador and obtain three extra Excessive Efficiency Pool shares
  • qualify as Sapphire and obtain $1000

The Excessive Efficiency Pool is a weekly bonus. Awarded shares expire as soon as paid out on.

Excessive Efficiency Pool

Be Infinity takes 5% of weekly company-wide generated PV and locations it into the Excessive Efficiency Pool.

Along with the Faststart Bonus (see above), Be Infinity associates qualify for shares within the Excessive Efficiency Pool through items.

Items are generated when a Be Infinity affiliate sells subscriptions to retail clients or personally recruited associates:

  • Fundamental Bronze and Silver subscriptions = 1 unit
  • Fundamental Gold subscription = 2 items
  • Fundamental Platinum subscription = 3 items
  • Fundamental Small Enterprise subscription = 6 items
  • Fundamental Giant Enterprise subscription = 6 items (for 4 weeks)
  • Fundamental Infinity subscription = 12 items (for 4 weeks)

Items are transformed to shares as follows:

  • 3 to five items generated in a month = 1 Excessive Efficiency Pool share
  • 6 or 7 items generated in a month = 2 Excessive Efficiency Pool shares
  • 8 items generated in a month = 3 Excessive Efficiency Pool shares
  • 9 items generated in a month = 4 Excessive Efficiency Pool shares
  • 10 to 12 items generated in a month = 5 Excessive Efficiency Pool shares
  • 13 to fifteen items generated in a month = 6 Excessive Efficiency Pool shares
  • 16 or 17 items generated in a month = 7 Excessive Efficiency Pool shares
  • 18 items generated in a month = 8 Excessive Efficiency Pool shares
  • 19 items generated in a month = 9 Excessive Efficiency Pool shares
  • 20 items generated in a month = 10 Excessive Efficiency Pool shares

As soon as paid out on, Excessive Efficiency Pool shares expire.

Be Infinity’s compensation plan states that “sure merchandise” can generate double Excessive Efficiency Pool share allocation.

Two examples are offered but it surely’s unclear whether or not these merchandise all the time generate double shares so I’ve omitted them right here.

Becoming a member of Be Infinity

Be Infinity affiliate membership is priced throughout 5 subscription tiers:

  • Affiliate Bronze – $10 a month
  • Affiliate Silver – $30 each three months
  • Affiliate Gold – $60 each six months
  • Affiliate Platinum – $130 each 13 months
  • Affiliate Small Enterprise – $270 each 27 months

The price is similar per 30 days, with the one differentiator showing to be comfort.

Be Infinity Conclusion

Be Infinity is a continuation of buying and selling schemes Christian Nickel has been selling since 2017.

Nickel seems to have come to the inevitable conclusion that operating the schemes is much extra worthwhile than selling them.

On the core of Be Infinity is a passive buying and selling bot. All the pieces else round that’s fluff, current solely to funnel subscribers in the direction of the buying and selling bot.

Be Infinity’s buying and selling bot is your typical “lulz can’t contact our cash!” scheme.

A software program developed by Infinity that’s lent to the shopper as a pure service for a month-to-month charge.

The service features a software program which the shopper can customise individually. The client has 100% management over the settings of the software program.

The managed cash is invested right here with an impartial dealer, with out connection to Infinity.

Regardless of makes an attempt to fake Be Infinity isn’t management of funds positioned underneath management of the bot, as supplier of the bot, Be Infinity workouts full management over allotted funds.

As I prefer to remind defenders of “lulz can’t contact our cash!” schemes, not your bot, not your trades.

From a regulatory standpoint, the pooling of cash underneath management of a single entity, Be Infinity and its buying and selling bot on this occasion, for the aim of producing a passive return, constitutes a securities providing.

It needs to be apparent Nickel didn’t get up at some point and discover a buying and selling bot underneath his mattress. The supply of Be Infinity’s buying and selling bot shouldn’t be disclosed to shoppers, that is one other regulatory crimson flag.

Regardless of selling buying and selling schemes for 4 years, that Nickel is aware of nothing about buying and selling is clear.

The primary iteration of Be Infinity (Nickel’s downline from beforehand promoted scams), noticed him funnel traders into Anthony Norman’s LIQ token Ponzis.

LIQ tokens led to monetary catastrophe for all concerned. However by then Nickel had obtained a buying and selling bot from someplace and rebooted Be Infinity.

Be Infinity doesn’t disclose  what their buying and selling bot really trades. Assuming it’s crypto and/or foreign exchange, this requires Be Infinity to register with monetary regulators.

SimilarWeb at the moment tracks 84% of Be Infinity web site site visitors from Germany. That is in step with Nickel selling scams to a largely German viewers over time.

Different sources of site visitors, as of August 2022, are France (7%), Switzerland (5%) and Austria (3%, down 66% month on month).

Be Infinity makes no illustration it has registered with monetary regulators in any of those nations.

Which means, at a minimal, Be Infinity is committing securities fraud.

Upon consideration Nickel made cash selling comparable unlawful schemes since 2017, it doesn’t take a genius to determine why he’s fled to Dubai.

On the MLM facet of issues Be Infinity deploys retail pseudo-compliance, undercut by the actual fact there’s no differentiation between recruited affiliate subscribers.

A buyer is any individual within the system who has bought solely buyer merchandise and never an “affiliate bundle”.

If a distributor purchases a buyer product, he/she’s going to nonetheless be known as a distributor however counts as buyer in the direction of the tip buyer ratio.

There’s additionally a 55% “buyer ratio” in place, once more undercut by together with recruited associates as clients:

Each energetic individual inside the construction counts as a “product consumer”, and each inactive distributor with an ongoing affiliate bundle counts as a “distributor”.

The system checks whether or not an individual is energetic or a distributor has a operating affiliate bundle at 11:59 PM EST on the final day of the corresponding qualification interval.

Throughout the Unilevel construction, there should be greater than 55% “product consumer” to be eligible for payout.

The above lessons solely associates with out an Academy subscription as inactive. Which is attention-grabbing as a result of that’s the one time within the compensation plan that definition applies.

It’s additionally attention-grabbing in that if a Be Infinity’s downline is usually associates with out an Academy subscription, they supposedly aren’t getting paid.

This simply additional units up Be Infinity working as a pyramid scheme.

“Lulz can’t contact our cash!” schemes sometimes finish with the bot blowing up, or admins pulling an “insert excuse right here” exit-scam.

That’s on prime of math guaranteeing nearly all of contributors in MLM pyramid schemes lose cash.

To sum up Be Infinity;

Now we have an proprietor with a monitor document of selling scams, Dubai, a Hong Kong shell firm, securities fraud, commodities fraud and pyramid fraud.

You understand how this ends.