Mizes offers no data on its web site about who owns or runs the enterprise.
The Mizes web site area (“mizes.biz”) was privately registered on July thirty first, 2018.
On the time of publication, Alexa pegs Iran (23%), Russia (10%) and India (8%) as the highest three sources of site visitors to Mizes’ web site.
It’s extremely seemingly that whoever is working the corporate is predicated out of considered one of these three nations.
As at all times, if an MLM firm just isn’t brazenly upfront about who’s working or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
Mizes Merchandise
Mizes has no retailable services or products, with associates solely capable of market Mizes affiliate membership itself.
The Mizes Compensation Plan
Mizes associates make investments cryptocurrency on the promise of an marketed 2% perpetual every day return.
Mizes presents a complete of three funding plans:
- Ethash – make investments at the very least 2 cents in cryptocurrency
- SHA-256 – make investments at the very least 5 cents in cryptocurrency
- Scrypt – make investments at the very least $1.50 in cryptocurrency
Mizes pays referral commissions on invested funds down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 7%
- degree 2 – 2%
- degree 3 – 1%
Becoming a member of Mizes
Mizes affiliate membership is free.
Participation within the connected earnings alternative nevertheless requires a minimal 2 cent funding.
Conclusion
Mizes claims to generate exterior ROI income by cryptocurrency mining.
The one proof the corporate presents as much as assist this declare is a screenshot of a room with mining gear from February 2018.
Evidently this isn’t proof of exterior income being really used to pay Mizes associates.
Because it stands the one verifiable income coming into Mizes is new funding.
Utilizing newly invested funds to pay present associates a every day return makes Mizes a Ponzi scheme.
As well as working a Ponzi scheme, Mizes can also be committing securities fraud.
Mizes offers no indication it has registered itself with monetary regulators in any jurisdiction it solicits funding in.
As with all MLM Ponzi schemes, as soon as affiliate recruitment slows down so too will new funding.
This may starve Mizes of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes like Mizes ensures that after they collapse, the vast majority of individuals lose cash.