My first inkling that one factor was up with Silverstar Dwell was their citing of “Quicksilver” as Chief Working Officer.
Quicksilver… truly?
Appears one other individual has slightly little bit of an axe to grind with “Quicksilver”, going so far as to out him as David Wayne Myer.
There’s a “The Precise Quicksilver” website online prepare that goes into further aspect. I’m not going to hyperlink it on account of it is going to get into murky territory by posting Myer’s deal with knowledge and family connections.
On Silverstar Builder, one different website online that appears to be tied to Silverstar Dwell, Myer is acknowledged as a co-owner and Grasp Seller of the company.
The two completely different co-owners of Silverstar Dwell are acknowledged as Candace Ross-Mahmoud (President) and Hassan Mahmoud (Authorities Vice President).
Of their respective Silverstar Dwell firm bios, Myer is credited as
a career educated vendor with 18 years experience.
For 16 consecutive years he has tripled his private shopping for and promoting account throughout the futures and Nadex market.
Candace Ross has been a excessive tier Promoting Strategist & Advertising and marketing marketing consultant throughout the neighborhood and web online marketing space for the ultimate 6 years.
She is a self-taught net marketer who has created various 7 decide product sales strategies and is ceaselessly sought out to assist throughout the progress of firm firms.
Hassan Mahmoud is a world Omnipreneur & Keynote Speaker who’s extraordinarily sought out by the millennial group to work with and to work on passion initiatives all around the globe.
He has accomplished over 250 million in product sales over the earlier 4 years whereas serving to various enterprise householders develop their names and kinds.
So uh, David Myer has supposedly generated a 300% annual ROI via shopping for and promoting for the earlier sixteen consecutive years huh?
You’d assume there’d be some recognition of this exterior of Silverstar Dwell nonetheless nope, nothing exterior of Silverstar Dwell’s private promoting supplies.
So some man nobody has ever heard of is doubtless one of many greatest and most fixed retailers on the planet. Riiiiiiiiiight.
Earlier to launching Silverstar Dwell, Candace Ross and Hassan Mahmoud had been promoting Enagic.
An organization deal with in Florida is provided on the Silverstar Dwell website online. The deal with however appears to belong to a warehouse storage facility.
Study on for a full overview of the Silverstar Dwell MLM different.
Silverstar Dwell Merchandise
Silverstar Dwell markets a overseas trade autotrading bot.
We now have software program program which specializes in automated Overseas foreign money buying and selling.
Our software program program does the be simply best for you in order to spend your time doing regardless of you want.
Our software program program is determined by algorithms with a confirmed observe report of realizing optimistic elements based mostly totally on effectivity thus far.
Silverstar Dwell’s website online fails to disclose any specifics of their auto shopping for and promoting bot, along with retail pricing.
Silverstar Dwell’s compensation plan reveals entry to the auto shopping for and promoting bot costs $199 after which $145 a month.
The Silverstar Dwell Compensation Plan
SilverStar Dwell’s compensation plan revolves spherical retail purchasers and associates paying $199 after which $145 a month to entry the auto shopping for and promoting overseas trade bot.
Silverstar Dwell Affiliate Ranks
There are twelve affiliate ranks contained in the Silverstar Dwell compensation plan.
Along with their respective qualification requirements, they’re as follows:
- Icon150 – generate 435 GV a month and enroll/recruit and hold three fee-paying retail purchasers and/or associates
- Icon600 – generate 1740 GV a month and generate and hold a downline of twelve fee-paying retail purchasers and/or associates break up 4/4/4
- Icon1500 – generate 5075 GV a month and generate and hold a downline of thirty-five fee-paying retail purchasers and/or associates break up 10/10/15
- Icon3000 – generate 13,050 GV a month and generate and hold a downline of ninety fee-paying retail purchasers and/or associates break up 30/30/30 (three of the retail purchasers and/or associates ought to have three retail purchasers and/or associates beneath them)
- Icon5000 – generate 36,250 GV a month, recruit and generate and hold a downline of on the very least two Icon600 associates and generate and hold a downline of 200 and fifty fee-paying retail purchasers and/or associates break up 100/100/50
- Icon10 – generate 72,500 GV a month, recruit and hold on the very least two Icon1500 associates and generate and hold a downline of 5 hundred fee-paying retail purchasers and/or associates break up 200/200/100
- Mogul25 – generate 181,250 GV a month, recruit and hold on the very least two Icon3000 associates and generate and hold a downline of 1 thousand 200 and fifty fee-paying retail purchasers and/or associates break up 500/500/250
- Mogul50 – generate 362,500 GV a month, recruit and hold on the very least two Icon5000 associates and generate and hold a downline of two thousand 5 hundred fee-paying retail purchasers and/or associates break up 1000/1000/500
- Mogul100 – generate 725,000 GV a month, recruit and hold on the very least two Icon10 associates and generate and hold a downline of 5 thousand fee-paying retail purchasers and/or associates break up 2000/2000/1000
- Gold Star – generate 2,175,000 GV a month, recruit and hold on the very least two Mogul25 associates and generate and hold a downline of fifteen thousand fee-paying retail purchasers and/or associates break up 6000/6000/3000
- Silver Star – generate 4,350,000 GV a month, recruit and hold on the very least two Mogul50 associates and generate and hold a downline of thirty thousand fee-paying retail purchasers and/or associates break up 12,000/12,000/6000
- Legend – generate 8,700,000 GV a month, recruit and hold on the very least two Mogul100 associates and generate and hold a downline of sixty thousand fee-paying retail purchasers and/or associates break up 24,000/24,000/12,000
GV stands for “Group Amount” and is product sales amount generated by means of month-to-month cost funds to entry Silverstar Dwell’s overseas foreign money buying and selling bot.
One $199/$145 a month subscription generates 145 GV a month.
Bear in mind that for rank qualification, 55% of month-to-month downline GV ought to come from retail purchasers.
If GV generated in a recruitment leg is decrease than 55%, GV continues to be counted from that leg nonetheless capped using a 55%/45% ratio utilized to regardless of retail amount is generated in that leg.
With respect to the downline break up, the figures provided are the most portions counted from any three recruitment legs.
A recruitment leg is a downline constructed beneath a personally recruited affiliate. It incorporates retail purchasers and recruited associates, down a theoretically infinite number of ranges.
E.g. for Icon3000, an affiliate can each qualify by means of 30 fee-paying retail purchasers/associates all through three recruitment legs, or lesser portions over a greater number of recruitment legs.
Retail Commissions
For each $199 cost paid by a model new retail purchaser or recruited affiliate, a $40 one-time price is paid out.
Residual Commissions
Silverstar Dwell pays residual commissions by means of a 3×9 matrix.
A 3×9 matrix places a Silverstar Dwell affiliate on the excessive of a matrix, with three positions straight beneath them:
These three positions sort the first stage of the matrix. The second stage of the matrix is generated by splitting each of these first three positions into one different three positions each (9 positions).
Ranges three to 9 of the matrix are generated within the an identical technique, with each new stage housing 3 instances as many positions as a result of the sooner stage.
Positions throughout the matrix are stuffed by means of enrollment of retail purchasers, a number of of which is ready to go on to vary into Silverstar Dwell associates.
Silverstar Dwell pays a residual $3 price per matrix place stuffed.
What variety of matrix ranges a Silverstar Dwell affiliate can earn on is set by what variety of personally enrolled retail purchasers and/or associates they’ve.
- enroll and/or recruit on the very least three retail purchasers and/or associates and earn on stage 1 of the matrix
- enroll and/or recruit on the very least 4 retail purchasers and/or associates and earn on ranges 1 and a pair of of the matrix
- enroll and/or recruit on the very least 5 retail purchasers and/or associates and earn on ranges 1 to a few of the matrix
- enroll and/or recruit on the very least six retail purchasers and/or associates and earn on ranges 1 to 4 of the matrix
- enroll and/or recruit on the very least seven retail purchasers and/or associates and earn on ranges 1 to 5 of the matrix
- enroll and/or recruit on the very least eight retail purchasers and/or associates and earn on ranges 1 to 6 of the matrix
- enroll and/or recruit on the very least 9 retail purchasers and/or associates and earn on ranges 1 to 7 of the matrix
- enroll and/or recruit on the very least ten retail purchasers and/or associates and earn on ranges 1 to eight of the matrix
- enroll and/or recruit on the very least eleven retail purchasers and/or associates and earn on ranges 1 to 9 of the matrix
Generational Bonus
Silverstar Dwell pays a Generational Bonus by means of a unilevel compensation development.
A unilevel compensation development places an affiliate on the excessive of a unilevel workforce, with every personally recruited affiliate positioned straight beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the distinctive 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 number of ranges.
The Generational Bonus permits Gold Star and higher ranked Silverstar Dwell associates to earn on generated amount, starting from the tenth stage of their unilevel workforce.
- Gold Star associates acquire 2% of generated amount from the tenth stage of their unilevel workforce, capped when one different Gold Star or better ranked affiliate is current in each unilevel workforce leg
- Silver Star associates acquire 2% of generated amount from the eleventh stage of their unilevel workforce, capped when one different Silver Star or better ranked affiliate is current in each unilevel workforce leg
- Legend associates acquire 2% of generated amount from the twelfth stage of their unilevel workforce, capped when one different Legend affiliate is current in each unilevel workforce leg
Bear in mind that if no equal or better ranked affiliate exists in a unilevel leg, the Generational Bonus pays out on all ranges of that unilevel leg.
The Generational Bonus is calculated on each unilevel leg.
What variety of unilevel workforce ranges the Generational Bonus is paid out on one unilevel workforce leg has no bearing on Generational Bonus payouts on completely different legs.
Weekly Assured Commissions
Silverstar Dwell pays weekly assured commissions based mostly totally on rank:
- Icon150 = $37.50 per week
- Icon600 = $150 per week
- Icon1500 = $375 per week
- Icon3000 = $750 per week
- Icon5000 = $1250 per week
- Icon10 = $2500 per week
- Mogul25 = $6250 per week
- Mogul50 = $12,500 per week
- Mogul100 = $25,000 per week
- Gold Star = $62,500 per week
- Silver Star = $125,000 per week
- Legend = $250,000 per week
Changing into a member of Silverstar Dwell
SilverStar Dwell associates need to enroll as retail purchasers first. This costs $199 after which $145 a month.
After enrolling three retail purchasers of their very personal, a Silverstar Dwell retail purchaser pays an annual cost to vary into an affiliate.
Silverstar Dwell affiliate cost costs are normally not disclosed on the company’s website online.
I did try to substantiate the Silverstar Dwell affiliate cost amount independently nonetheless was unsuccessful.
Conclusion
On the ground the MLM side of Silverstar Dwell appears to be legit.
Get retail purchasers sooner than paying the affiliate cost, 55% complete retail GV and yeah, provided the product isn’t complete garbage you’ve laid the muse for a secure retail-focused MLM different.
The problem with Silverstar Dwell however is each factor else.
Let’s start with Quicksilver.
One motive David Myer could not want to use his exact determine are the various felonies he’s reportedly devoted.
Of Myer’s convictions (a number of of which cite him as “David Wayne Mayer”), the one which caught my consideration was a 2009 financial institution card violation.
Myer was charged in February 2011 and convicted in August the an identical 12 months.
Now why would any person who’s purportedly been producing an annual 300% ROI for the earlier sixteen years commit financial institution card fraud?
And there are various completely different seemingly bullshit promoting claims surrounding Myer…
93rd highest IQ? Traded billions on the second largest hedge fund in New York? Created the world’s first AI powered software program program?!?
Then why, exterior of his felony convictions, has nobody ever heard of David Myer?
And that’s the man that is supposedly behind Silverstar Dwell’s automated shopping for and promoting overseas trade bot?
QS labored for the second largest hedge fund in New York and was answerable for getting and promoting accounts of tons of of 1000’s and 1000’s throughout the futures market over the course of 6 years.
He has utilized his genius to create algorithms that mimic dwell shopping for and promoting and is perhaps safely run almost absolutely palms free.
Hopefully it’s obvious by now that Myer arising with Silverstar Dwell’s shopping for and promoting bot is awfully questionable.
Nonetheless let’s go away that and in its place consider the legalities.
Pretty clearly, Silverstar Dwell is promoting passive returns via their overseas foreign money buying and selling bot.
Ones [sic] your SLS software program program is activated it trades for you.
The above is taken straight from the Silverstar Dwell website online. And should you occur to’re nonetheless not glad, there are lots further examples to draw from;
The offering of an computerized (passive) return by an MLM agency, regardless of the platform used, is a securities offering.
To operate legally throughout the US Silverstar Dwell would subsequently need to be registered with the SEC.
On the time of publication neither Silverstar Dwell, David Wayne Myer or David Wayne Mayer are registered with the SEC.
Hell, I even appeared up Quicksilver, no luck with that each.
Which implies, overlook about something, Silverstar Dwell is working illegally all through the US.
Which is a matter, on account of as I write this Alexa have the US pegged as the largest provide of website guests to the Silverstar Dwell website online (51.9%).
Together with the automated overseas foreign money buying and selling bot unregistered securities offering, Silverstar Dwell can be committing securities fraud by failing to disclose particulars of its shopping for and promoting offering.
It is implied that David Myer acquired right here up with the Silverstar Dwell’s bot.
This isn’t okay, with full disclosure of who created and runs the bot required to be disclosed by Silverstar Dwell to potential patrons.
Furthermore the company moreover desires to produce categorical historic outcomes.
From my very personal evaluation I recorded promotion of SilverStar Dwell courting means again to August 2018. That’s six months of shopping for and promoting data that should be out there for anyone on Silverstar Dwell’s website online.
So why isn’t it?
All I’ve seen is grainy show grabs of shopping for and promoting graphs and supposed trades, which is nowhere near what’s required for compliance with US securities laws.
As a possible Silverstar Dwell retail purchaser (or affiliate), I wouldn’t be handing over any money till the company offers historic commerce data courting once more to on the very least August 2018.
Should you want to be thorough, ask for David Myer’s earlier eighteen 12 months commerce historic previous outcomes. Exact outcomes ideas, not some bullshit bar graphs or amount printouts dug up from who’s conscious of the place and displaying who’s conscious of what.
If you do deal with to get one factor that resembles this, bear in mind to ask why it isn’t filed with the SEC.
Personally I’m unsure this knowledge even exists.
At first if Silverstar Dwell’s bot was all it’s cracked as a lot as be, David Myer could be guarding it as you will another golden goose.
Does $199 after which $145 a month sound right for a golden goose to you?
Secondly if the bot was even remotely worthwhile, why aren’t the historic outcomes being trumpeted wherever?
It’s a bot that’s presupposed to generate earnings. If it’s doing that then why not let the bot converse for itself.
Why is every Silverstar Dwell promoting presentation full of rubbish can “herp derp do u no wut overseas trade is?” bullshit?
Elevating far more questions is the emergence of AI Worldwide Overseas trade in the previous few weeks.
AI Worldwide Overseas trade is mainly a 1:1 clone of Silverstar Dwell. Such to the extent that when you click on on on the AI Worldwide Overseas trade compensation doc hyperlink, it’s truly that of Silverstar Dwell’s.
Then there’s this message buried throughout the footer of the AI Worldwide Overseas trade website online;
AIGlobalForex.com is operated by the Market Hackers Neighborhood, a gaggle of unbiased IBOs of AI Worldwide Markets beforehand known as Silver Star Dwell.
I don’t know exactly what rip-off nonsense is going on proper right here nonetheless as far as I can inform, Silverstar Dwell and AI Worldwide Overseas trade are one and the an identical agency.
Merely to really drive a level dwelling, at roughly three minutes into the above January twentieth, 2019 video, David Myer states this about Silverstar Dwell’s overseas trade bot;
I can inform you firsthand that in case you’ve got a $25,000 account, the frequent return on a $25,000 account is someplace throughout the 8% per 30 days range.
On $5000 accounts the frequent return is about 30% per 30 days.
30% automated month-to-month returns… from a convicted fraudster… with no verifiable historic consequence data… on excessive of various securities fraud violations…
…gee gosh golly that sounds swell. The place do I be a part of?
Substitute fifth November 2019 – On November 4th Hassan Mahmoud and Candace Ross-Mahmoud settled Silverstar Dwell CFTC fraud violations for $75,000 plus post-judgment curiosity.