Failed watch business turns crypto Ponzi


18K Ronaldinho operates within the “designer merchandise” MLM area of interest.

The corporate solely cites a “digital workplace” on its web site however does cite Marcelo Lara as President of the corporate.

On LinkedIn Lara goes by Marcelo Marcelino, and cites himself as proprietor and CEO of the corporate.

Why this isn’t disclosed on 18K Ronaldinho’s web site is unclear.

Based on his LinkedIn profile, Marcelino relies out of Florida within the US. That is additionally presumably from the place 18K Ronaldinho can be operated from.

Regardless of being primarily based out of the US, in its advertising and marketing materials 18K Ronaldinho pretends it’s primarily based out of the Bahamas and Hong Kong:

Notice that Mareclino additionally closely targets Brazil in his 18K Ronaldinho advertising and marketing efforts.

So far as I can inform, 18K Ronaldinho is Marcelino’s first MLM enterprise as an govt.

Learn on for a full evaluate of the 18K Ronaldinho MLM alternative.

18K Ronaldinho’s Procucts

18K Ronaldinho has no retailable services or products, with associates solely capable of market 18K Ronaldinho affiliate membership itself.

18K Ronaldinho’s Compensation Plan

18K Ronaldinho associates make investments on the promise of an marketed every day return of as much as 2%

  • Passport – $30
  • Begin – $150
  • Begin Plus – $300
  • Skilled – $450
  • Skilled Plus – $1050
  • Premium – $2100
  • Premium Plus – $4200
  • Government Pack – $12,000

Alternatively 18K Ronaldinho associates can decide to obtain 18K watches and solely obtain as much as 0.99% a day.

No matter which possibility is chosen, 18K Ronaldinho pays associates every day for 200 days.

18K Ronaldinho Ranks

There are ten affiliate ranks inside 18K Ronaldinho’s compensation plan.

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

  • affiliate – enroll and make investments
  • 2K – generate $2000 in collected weaker aspect binary staff quantity
  • 5K – generate $5000 in collected weaker aspect binary staff quantity
  • 18K – generate $18,000 in collected weaker aspect binary staff quantity
  • 50K – generate $50,000 in collected weaker aspect binary staff quantity
  • 120K – generate $120,000 in collected weaker aspect binary staff quantity and personally recruit two 18K or greater ranked associates
  • Director – generate $300,000 in collected weaker aspect binary staff quantity and personally recruit two 50K or greater ranked associates
  • Director 18K – generate $1,200,000 in collected weaker aspect binary staff quantity and personally recruit two 120K or greater ranked associates
  • President – generate $3,000,000 in collected weaker aspect binary staff quantity and personally recruit two Director or greater ranked associates
  • President 18K – generate $10,000,000 in collected weaker aspect binary staff quantity and personally recruit two Director 18K or greater ranked associates

Notice that recruited associates should be positioned one on both aspect of the binary staff to rely.

Recruitment Commissions

18K Ronaldinho associates obtain 7% of funds invested by personally recruited associates.

Residual Commissions

18K Ronaldinho pays residual commissions through a binary compensation construction.

A binary compensation construction locations an affiliate on the high of a binary staff, break up into two sides (left and proper):

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

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

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

On the finish of every day 18K Ronaldinho tallies up new funding quantity on either side of the binary staff.

Associates are paid 10% of funds invested on the weaker binary aspect.

As soon as paid out, weaker aspect quantity is matched with the stronger aspect and flushed.

Any leftover quantity on the stronger binary staff aspect is carried over.

Matching Bonus

18K Ronaldinho pays an identical bonus on residual commissions earned by downline associates.

The Matching Bonus is tracked through a unilevel compensation construction.

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

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

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.

18K Ronaldinho caps the Matching Bonus at seven unilevel staff ranges.

The Matching Bonus is paid out as a proportion of residual commissions throughout these seven ranges as follows:

  • 18K ranked associates earn a 3% match on stage 1
  • 50K ranked associates earn a 3% match on ranges 1 and a pair of
  • 120K ranked associates earn a 3% match on ranges 1 to three
  • Director ranked associates earn a 3% match on ranges 1 to 4
  • Director 18K ranked associates earn a 3% match on stage 1 to five
  • President ranked associates earn a 3% match on ranges 1 to six
  • President 18K ranked associates earn a 3% match on ranges 1 to 7

Month-to-month Charge Commissions

18K Ronaldinho expenses associates a $30 month-to-month payment.

This payment is used to fund commissions, paid out through a 4×7 matrix.

A 4×7 matrix locations an 18K Ronaldinho affiliate on the high of a matrix, with 4 positions straight below them:

These 4 positions kind the primary stage of the matrix.

The second stage of the matrix is generated by splitting these 4 positions into one other 4 positions every (16 positions).

Ranges three to seven of the matrix are generated in the identical method, with every new stage housing 4 occasions as many positions because the earlier stage.

Positions inside the matrix are crammed through direct and oblique recruitment.

Charges paid by associates in crammed matrix positions generate a $3 fee every month.

Profession Bonus

18K Ronaldinho rewards associates with the next rank-based Profession Bonuses:

  • qualify as a 120K and obtain an iPhone X
  • qualify as a Director and obtain “journey to Dubai”
  • qualify as a Director 18K and obtain a Mercedes Benz Class C automobile
  • qualify as a President and obtain a Porsche Macan
  • qualify as a President 18K and obtain a Ferrari Porto Fino

Becoming a member of 18K Ronaldinho

18K Ronaldinho affiliate membership is tied to a $30 to $12,000 funding.

Cost of a month-to-month $30 is then required in an effort to stay energetic.

Conclusion

Once I first visited the 18K Ronaldinho web site I assumed it was some type of joke:

However no, well-known Brazilian soccer participant Ronaldinho Gaúcho is actively concerned with 18K Ronaldinho as an Ambassador.

It is a PR catastrophe within the making for Ronaldinho, owing to 18K Ronaldinho being a Ponzi scheme.

Based on his LinkedIn profile, Marcelo Marcelino began 18K watches again in 2003.

The enterprise collapsed just lately, as evidenced by the 18K Watches web site area being up on the market.

No matter inventory Marcelino has left is being flogged to 18K Ronaldinho associates, as a part of a fraudulent funding scheme.

18K Ronaldinho represents it generates ROI income through “crypto buying and selling, arbitrage and inventory trade operations”.

No proof of 18K Ronaldinho collaborating in any of those actions exists.

And even when it did, there isn’t a offered proof that 18K Ronaldinho is utilizing exterior reveneue of any supply to pay its associates.

Moreover neither Marcelo Marcelino, Marcelo Lara, Ronaldinho Gaúcho or 18K Ronaldinho are registered with the SEC to supply securities.

Because of this at a minimal, 18K Ronaldinho, Marcelino and Gaúcho are committing securities fraud.

Ronaldinho Gaúcho relies out of Brazil, and 18K Ronaldinho offers no indication it has registered with Brazil’s SEC.

Maybe of extra concern to potential 18K Ronaldinho buyers, is the truth that new funding is the one verifiable income getting into the corporate.

The recycling of newly invested funds to pay current associates a every day return of as much as 2% (doubtlessly 400% over 200 days), makes 18K Ronaldinho a Ponzi scheme.

Once more, I do not know why somebody as high-profile within the soccer group as Ronaldinho Gaúcho has hooked up himself to a Ponzi scheme – however it’s what it’s.

Along with Ronaldinho, 18K Ronaldinho’s advertising and marketing materials additionally options Invoice Gates:

It’s a given Invoice Gates has no thought what 18K Ronaldinho is and his likeness has been used with out authorization.

Initially it seems 18K Ronaldinho did really give attention to watches to some extent.

Like Marcelo Marcelino’s major enterprise nevertheless, that additionally seems to have flopped.

In lieu of a watch enterprise 18K Ronaldinho launched it’s Ponzi scheme a couple of months in the past.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This may starve 18K Ronaldinho of ROI Income, ultimately prompting a collapse.

The match behind Ponzi schemes ensures that once they collapse, nearly all of buyers lose cash.