Cloud Horizon operates within the MLM cryptocurrency area of interest and claims it’s integrated within the Cayman Islands.
On the administration aspect of issues Cloud Horizon discloses it’s ‘wholly owned (by) Mr. Frank Ricketts who’s the precise CEO of the corporate‘.
Rickett’s MLM declare to fame is Unaico and SiteTalk, a mix of funding and pyramid fraud. When these scams collapsed, Ricketts rebooted the enterprise as The Alternative Community.
In early 2016 Ricketts bought off The Alternative Community’s record of buyers to OneCoin.
Along with an undisclosed sum of cash, Ricketts was additionally gifted a OneCoin Black Diamond funding place.
Behind the scenes Ricketts is believed to have been instrumental in establishing OneCoin’s shell firm cash laundering community.
When OneCoin collapsed in 2017 Ricketts disappeared. He resurfaced in mid 2018 as CEO of the AuLives Ponzi scheme.
AuLives flopped, prompting Ricketts to register the Cloud Horizon web site area on November thirtieth, 2018.
Regardless of solely present as an MLM alternative as of some months in the past, on its web site Cloud Horizon claims it ‘was integrated in June 2013 within the Cayman Islands‘.
As beforehand said, Ricketts was instrumental in establishing OneCoin’s cash laundering community. This concerned dozens upon dozens of shell corporations.
Whereas it possible that Cloud Horizon is simply one of many many corporations Ricketts set as much as launder cash by means of, it was launched as a standalone MLM alternative on or round late January, 2019.
Naturally past attainable being integrated within the Cayman Islands, Cloud Horizon has no precise bodily operations there.
Since OneCoin collapsed Ricketts is believed to primarily disguise out in south-east Asia and Dubai.
On the time of publication Ricketts is busy selling Cloud Horizon in Vietnam.
As above, Ricketts is working with former OneCoin scammers Nattchaphan Sornsirenan and Staffan Liback.
Nattchaphan Sornsirenan launched her personal OneCoin Ponzi clone late final yr.
Orientum, like AuLives and just about each different OneCoin clone, went nowhere and flopped.
The Orientum web site presently has an Alexa rating of two.7 million, up just lately from 3.9 million (the upper the quantity the much less guests a website has)
Both determine is nearly as good as useless for an MLM Ponzi scheme.
Staffan Liback’s MLM historical past is usually unremarkable. However if you’d like you examine his current exploits we did function Liback in our OneCoin Ponzi Wall of Disgrace.
Alternatively, learn on for our assessment of the Cloud Horizon MLM alternative.
Cloud Horizon Merchandise
Cloud Horizon has no retailable services or products, with associates solely in a position to market Cloud Horizon affiliate membership itself.
The Cloud Horizon Compensation Plan
Cloud Horizon associates spend money on tokens, that are in flip transformed into Orientum+ (ORTP) tokens.
Affiliate buyers can change ORTP tokens for subsequently invested funds, at no matter inside change fee Cloud Horizon units.
In complete Cloud Horizon affords 5 funding tiers:
- Starter Bundle – make investments €165 EUR and obtain 8500 tokens
- Bronze Bundle – make investments €500 EUR and obtain 26,250 tokens
- Silver Bundle – make investments €1000 EUR and obtain 55,000 tokens
- Gold Bundle – make investments €2500 EUR and obtain 143,750 tokens
- Platinum Bundle – make investments €5000 EUR and obtain 332,500 tokens
Observe that these are tokens which are to be transformed into ORTP, by means of the interior EltronX change.
MLM commissions are paid when present Cloud Horizon associates recruit new affiliate buyers.
Cloud Horizon Affiliate Ranks
There are eight affiliate ranks inside the Cloud Horizon compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – enroll and spend money on a Cloud Horizon bundle
- 1 Star – recruit at the very least two investing Cloud Horizon associates and generate at the very least €10,000 EUR in gathered downline funding quantity
- 2 Star – recruit and keep at the very least two 1 Star associates and generate at the very least €50,000 EUR in gathered downline funding quantity
- 3 Star – recruit and keep at the very least three 2 Star associates and generate at the very least €250,000 EUR in gathered downline funding quantity
- 4 Star – recruit and keep at the very least three 3 Star associates and generate at the very least €1,000,000 EUR in gathered downline funding quantity
- 5 Star – recruit and keep at the very least three 4 Star associates and generate at the very least €2,000,000 EUR in gathered downline funding quantity
- 6 Star – recruit and keep at the very least three 5 Star associates and generate at the very least €10,000,000 EUR in gathered downline funding quantity
- 7 Star – recruit and keep at the very least three 6 Star associates and generate at the very least €50,000,000 in downline funding quantity
Observe that solely 50% of required funding quantity could be sourced from anybody recruitment leg.
Residual Commissions
Cloud Horizon pays residual commissions down three ranges of recruitment (unilevel).
Observe that residual fee qualification should be met each 28 days.
- generate €0 to €2499 EUR in PGV and receives a commission residual commissions on degree 1 (personally recruited associates)
- generate €2500 to €4999 EUR in PGV and receives a commission residual commissions on ranges 1 and a pair of
- generate €5000 EUR or extra in PGV and receives a commission residual commissions throughout all three out there ranges
Particular residual fee charges paid out on the three unilevel staff ranges are as follows:
- degree 1 – 12% of generated funding quantity in money and 12% in ORTP tokens
- ranges 2 and three – 8% of generated funding quantity in money and eight% in ORTP
Observe that of the money stability, 30% should be reinvested into ORT Coin.
ORT Coin is a pointless altcoin hooked up to Orientum. Like ORTP its inside worth is about by Cloud Horizon and/or Orientum.
Matching Bonus
Cloud Horizon pays a Matching Bonus utilizing the identical unilevel staff construction residual commissions are paid with.
Whereas residual commissions are capped at three ranges nevertheless, the Matching Bonus is paid down ten unilevel staff ranges.
What number of unilevel staff ranges a Cloud Horizon affiliate is paid the Matching Bonus on is set by rank:
- 1 Star associates obtain a ten% match on ranges 1 and a pair of
- 2 Star associates obtain a ten% match on ranges 1 to 4
- 3 Star associates obtain a ten% match on ranges 1 to 4 and 6% on ranges 5 and 6
- 4 Star associates obtain a ten% match on ranges 1 to 4 and 6% on ranges 5 to 7
- 5 Star associates obtain a ten% match on ranges 1 to 4, 6% on ranges 5 to 7 and 4% on degree 8
- 6 Star associates obtain a ten% match on ranges 1 to 4, 6% on ranges 5 to 7 and 4% on ranges 8 and 9
- 7 Star associates obtain a ten% match on ranges 1 to 4, 6% on ranges 5 to 7 and 4% on ranges 8 to 10
Observe that fifty% of the Matching Bonus is paid out in money and the remainder in ORTP tokens.
E.g. the extent 1 Matching Bonus is 10%. 5% is paid out in money and 5% in ORTP tokens.
Rank Achievement Bonus
Cloud Horizon rewards associates who qualify on the 2 Star rank and better ranks with the next Rank Achievement Bonuses:
- qualify as a 2 Star and obtain 500 ORTP tokens
- qualify as a 3 Star and obtain a “particular all-inclusive staff constructing journey” (4 days, 3 nights and valued at €1500 EUR)
- qualify as a 4 Star and obtain an “Apple Workset” valued at €5000 EUR
- qualify as a 5 Star and obtain a “luxurious watch” valued at €20,000 EUR
- qualify as a 6 Star and obtain a “luxurious watch or a automotive” valued at €100,000 EUR
- qualify as a 7 Star and obtain a “luxurious 3 bed room marina villa on the tropical island of Koh Chang, Thailand” valued at €900,000 EUR
Becoming a member of Cloud Horizon
Cloud Horizon affiliate membership is tied to a €165 to €5000 EUR funding.
- Starter Bundle – €165 EUR
- Bronze Bundle – €500 EUR
- Silver Bundle – €1000 EUR
- Gold Bundle – €2500 EUR
- Platinum Bundle – €5000 EUR
The extra a Cloud Horizon affiliate invests the extra ORTP tokens they obtain.
Conclusion
Cloud Horizon is a determined bid to inject some life into the in any other case collapsed Orientum Ponzi scheme.
In true Frank Ricketts model, the wedding brings with it a boatload of confusion and unanswerable questions.
First off whereas Cloud Horizon is offered as a standalone firm, clearly there’s a tie in with Orientum.
No the place is that this higher underscored than in a Cloud Horizion advertising and marketing presentation, by which Ricketts reveals his firm has extra Orientum tokens than Orientum itself.
Orientum initially flogged its tokens by means of an organization going by Bergman and Gold.
Bergman and Gold was a shady shell firm that existed solely to create the phantasm of layering inside Orientum.
Tellingly, the web site the corporate used doesn’t exist anymore.
This was across the third quarter of 2018. To what extent Ricketts was hitched to Orientum at that stage I can’t say, however I’d be prepared to wager he had a hand in Bergman and Gold.
Possibly Ricketts was in from the start as a silent associate (reprising his OneCoin cash man function, or possibly not. Who is aware of.
What we do know is Ricketts has resurrected his SiteTalk belongings, and hooked up them to Cloud Horizon.
SiteTalk as an MLM firm was rebooted as The Alternative Community in 2013.
SiteTalk, a pyramid scheme in its personal proper, was already on the ropes in 2013.
The OPN reboot stretched the rip-off out until 2016, at which level Ricketts gave up and bought the affiliate database to OneCoin.
Whereas there are undoubtedly parts of SiteTalk and OPN’s social advertising and marketing belongings in OneCoin tasks like DealShaker, it appears Ricketts retained possession.
In case you go to the SiteTalk web site area right now, you’ll discover it redirected to one thing referred to as Crypto Neighborhood World.
In essence, Crypto Neighborhood World is SiteTalk with an up to date web site theme. A brand new coat of paint if you’ll.
The advertising and marketing pitch is that Crypto Neighborhood World will deliver useability to ORTP tokens.
Not solely is that smoke and mirrors, it’s additionally unfeasible.
The one element of SiteTalk and OPN that was each profitable was the pyramid recruitment. All of the advertising and marketing nonsense hooked up to that by no means took off.
Attaching ORTP to the identical failed choices isn’t going to make them any extra viable. Even for those who power Cloud Horizon associates to make use of them.
Exterior of the affiliate community there’s nonetheless zero curiosity.
On prime of Crypto Neighborhood World you even have Orientum’s unique pitch – one thing one thing our bullshit token (insert an entire lotta explaining right here) hay guys we will flip plastic into gasoline.
To be exact, Cloud Horizon’s advertising and marketing materials claims 20 tons of plastic waste could be transformed into 15,000 liters of gasoline.
That is supposedly by means of Sepco Industries, an organization no person has ever heard of as a result of it didn’t exist till across the time Orientum was launched in mid 2018.
Orientum’s Sepco Industries is nothing greater than a shell firm, that borrowed the identify of an present firm bearing the identical identify.
One other Frank Ricketts shell firm? Who is aware of.
What we do know is it’s been nearly a yr and there’s been not an unbiased peep about Sepco’s magic plastic recycling machines.
I think about over time Cloud Horizon associates will hear much less about Sepco in favor of Crypto Neighborhood World.
From a authorized standpoint, Cloud Horizon has the identical regulatory points as Orientum.
At the start it’s a Ponzi scheme.
Cloud Horizon associates enroll and spend money on ORTP tokens. These tokens haven’t any worth outdoors of Cloud Horizon.
Contained in the scheme they’ve no matter worth Frank Ricketts decides to assign them.
The concept being that associates make investments, look ahead to the token value to arbitrarily rise after which money out.
ORTP cashing out is meant to happen by means of EltronX, an inside change that surfaced across the time Orientum launched.
As I write this the EltronX web site area isn’t hooked up to internet hosting, so possibly it’s already been deserted.
I’m certain Ricketts can be together with one other change shell firm no person’s ever heard of quickly sufficient.
To offer you an concept of simply how far down the backyard path Orientum already was earlier than Cloud Horizon was thought up, right here’s Ricketts pitching Orientum tokens in September 2018.
Strategic partnership with outstanding property developer Siam Royal View that’s in possession of a land financial institution with over one million sq. meters of premium island property on the pristine resort island of Koh Chang, Thailand, brings real worth backing to Orientum.
Gross sales are supplied solely by means of the Bergman & Gold Brokerage Company, and Orientum is obtainable by non-public sale for a restricted time solely, till fifteenth of September.
Orientum can be listed on public exchanges the first of October, 2018.
Neither of these deadlines have been stored.
Because it stands the one verifiable income coming into Cloud Horizon is new funding.
Utilizing new funding to pay present buyers a return on their ORTP makes Cloud Horizon a Ponzi scheme.
And, taken from an official advertising and marketing video, right here’s Rickett’s personally describing Cloud Horizon’s pyramid layer;
You could be incomes the largest verify each week with out each having to buy a product of any variety.
Not solely do you not must buy something (apart from your preliminary funding in tokens), nor do you need to promote something both.
Pointless MLM shitcoin tokens are nearly as good as any car for monitoring Ponzi funding and payable returns.
Like all Ponzi scheme although, Cloud Horizon can solely pay out for so long as there’s new buyers dumping new cash into the scheme.
That is true no matter whether or not new buyers are shopping for tokens off present buyers or by means of the corporate itself (which then makes use of a few of that cash to fulfill withdrawal requests).
Additionally true of Ponzi schemes is that almost all of buyers in the end lose cash.
Orientum buyers have doubtless already needed to come to phrases with this actuality. Cloud Horizon is extra of the identical and gained’t play out any totally different.
Frank Ricketts will in all probability make a packet although. He all the time does.
Replace 2nd March 2021 – In 2021 Cloud Horizon goes by Corsair Group.
BehindMLM printed its Corsair Group assessment on March 2nd, 2021.