Belief Your Universe operates within the buying and selling MLM area of interest.
Belief Your Universe operates as Universe Buying and selling LLC, a shell firm included in St. Vincent and the Grenadines.
St. Vincent and the Grenadines just isn’t a jurisdiction lively in MLM regulation, which means shoppers haven’t any recourse in opposition to scammers.
Any MLM firm included in St. Vincent and Grenadines raises a red-flag.
Belief Your Universe’s web site area (“tyu-trade.com”), was privately registered on August 14th, 2022.
It needs to be famous that Belief Your Universe initially launched on the German area (“trust-your-universe.de”), on or round early June 2022.
Curiously, on its web site Belief Your Universe supplies a company tackle in New York. This seems to be a digital tackle (learn on to be taught why).
Heading up Belief Your Universe is founder and CEO Dada Pey.
On a latest Belief Your Universe webinar, Pey introduces himself as being “from Stuttgart in Germany”.
Dada Pey seems to have gotten began in MLM with the since collapsed pyramid scheme WorldVentures:
After that he started selling iMarketsLive, by his downline group “International Achievers”.
In an try to distance itself from a CFTC commodities fraud superb issued in 2018, iMarketsLive rebooted as IM Mastery Academy in September 2019.
Pey seems to have left iMarketsLive by late 2019 (he was selling IM Mastery Academy in December 2019).
In an Instagram publish dated January seventh, 2020, Pey said;
Simply 24 hours after ours Launch we’re with GA within the TOP 15 of the brand new firm we work with, in the whole German-speaking space.
“GA” refers to International Achievers however Pey doesn’t identify the MLM firm. It seems to be an AI buying and selling alternative.
Whichever firm it was, it appears to have fallen aside someday in 2021. That brings us to Belief Your Universe in 2022.
I consider what’s left of International Achievers makes up most of Belief Your Universe’s launch affiliate-base.
On Pey’s Instagram account we be taught he has ties to Dubai:
Placing all of this collectively, we are able to affirm Belief Your Universe has no bodily ties to both St. Vincent and the Grenadines or the US.
Belief Your Universe is run by Dada Pey from Dubai, the MLM crime capital of the world.
BehindMLM’s pointers for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm relies out of or represents it has ties to Dubai, it’s a rip-off.
If you wish to know particularly how this is applicable to Belief Your Universe, learn on for a full evaluation.
Belief Your Universe’s Merchandise
Belief Your Universe markets entry to a foreign currency trading platform.
As said within the footer of Belief Your Universe’s web site:
We’re contracting with Leverate, which is offering all providers regarding buying and selling / MT5 entry / Liquidity supplier entry / to hold out buying and selling providers that we provide.
Leverate Monetary Providers Ltd is regulated by the Cyprus Securities and Trade Fee.
Uptrader is the software program supplier for our buying and selling working system.
Cyprus is one other scam-friendly jurisdiction. Registration of a shell firm with the Cyprus SEC means little with respect to due-diligence. Even much less so when SimilarWeb tracks 100% of Belief Your Universe’s web site site visitors from Indonesia (August 2022).
Belief Your Universe pitch a ten% passive month-to-month ROI by Leverate and Uptrader.
A go to to each Leverate’s and Uptrader’s web site reveals faceless corporations providing white label buying and selling providers.
It appears Dada Pey has simply outsourced the buying and selling aspect of Belief Your Universe to third-parties.
Entry to Belief Your Universe’s buying and selling platform seems to be free.
Belief Your Universe
Belief Your Universe associates enroll and make investments funds on the promise of a “5-10%” a month ROI.
Belief Your Universe takes 40% of returns paid to affiliate traders as a payment.
An undisclosed proportion of those funds are purportedly used to fund Belief Your Universe’s MLM compensation plan.
Belief Your Universe pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned instantly underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
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.
Belief Your Universe caps payable unilevel workforce ranges at eight.
Residual commissions are paid as a proportion of passive returns paid to downline associates throughout these eight ranges as follows:
- stage 1 (personally recruited associates) – 11.25%
- stage 2 – 7.5%
- stage 3 – 6.25%
- stage 4 – 5%
- ranges 5 and 6 – 3.75%
- ranges 7 and eight – 2.5%
Becoming a member of Belief Your Universe
Belief Your Universe affiliate membership seems to be free.
Belief Your Universe Conclusion
Having learnt the ropes of securities fraud in iMarketsLive and no matter automated buying and selling scheme he joined after it, Dada Pey has realized the actual cash is in working scams.
And so we have now Belief Your Universe, a typical Dubai-based fraudulent funding scheme.
TYU is a global firm that has perfected buying and selling in numerous markets based mostly on AI-powered, semi-automated buying and selling.
Belief Your Universe associates enroll by clicking a button:
Belief Your Universe’s advertising and marketing video suggests approval is automated and instantaneous. In different phrases, Belief Your Universe’s efforts to distinguish retail prospects from associates is pseudo-compliance.
Belief Your Universe solicits funding in USD by financial institution wire and cryptocurrency by Coinbase.
Funding is made into Belief Your Universe on the promise of an marketed passive return:
This constitutes a securities providing, requiring Belief Your Universe to be registered with monetary regulators.
Belief Your Universe supplies no proof it has registered with any monetary regulators, which means that, at a minimal, the corporate is committing securities fraud.
Seeing as Belief Your Universe outsources its purported buying and selling exercise, this implicates Leverate, Uptrader, Jusan Financial institution and some other companions of their fraud.
Belief Your Universe acknowledges their securities fraud by purposely excluding solely residents of the US.
The US is essentially the most lively regulator of securities on the planet. Any MLM firm excluding the US from in any other case authorized exercise is probably going committing fraud.
Within the case of Belief Your Universe and its companions, this is able to be a mix of securities fraud, commodities fraud, wire fraud and cash laundering.
Belief Your Universe prohibiting US residents from signing up additionally makes their bogus New York company tackle much more obvious. I believe it and Belief Your Universe’s different shell corporations exist solely to safe monetary and accomplice service provider providers by.
In an try to seem legit to shoppers, Belief Your Universe gives up the same old MyFXBook nonsense:
MyFXBook trades are simply faked. Extra importantly, social media advertising and marketing just isn’t an alternative to registration with monetary regulators and submitting of audited monetary studies.
MyFXBook or any equal just isn’t proof of exterior income getting used to pay withdrawal requests.
Finest case situation? Belief Your Universe is just committing securities fraud, the bot will ultimately blow up and nearly all of traders lose cash.
At worst Belief Your Universe is working as a Ponzi scheme, with any buying and selling going within the background being immaterial to withdrawals.
And when recruitment inevitably dies off and Belief Your Universe collapses, as soon as once more nearly all of traders lose cash.