ABA Advertising gives no details about who owns or runs the corporate on its web site.
ABA Advertising’s web site area (“aba.advertising and marketing”) was first registered in November 2014.
The non-public registration was final up to date on June twenty third, 2021.
The nation code supplied on ABA Advertising’s area registration is Saint Kitts and Nevis.
This corresponds with a company handle supplied in Saint Kitts and Nevis on ABA Advertising’s web site.
ABA Advertising additionally present a Saint Kitts and Nevis incorporation certificates for ABA Advertising Group Inc.
Saint Kitts and Nevis is a scam-friendly jurisdiction with no energetic MLM regulation.
Scammers sometimes arrange shell corporations in dodgy jurisdictions like Saint Kitts and Nevis, to launder cash by means of and keep away from regulation.
For the aim of due-diligence, primary incorporation wherever is meaningless.
Oddly sufficient of the 4 social media platform hyperlinks supplied on ABA Advertising’s web site, solely vKontakte is energetic.
vKontakte is a Russian social media platform, which brings us to the place ABA Advertising is definitely being operated from.
ABA Advertising’s web site source-code comprises Bulgarian:
Advertising paperwork cited in researching this evaluate had been additionally written in Bulgarian.
The 2 provided languages on ABA Advertising’s web site are English and Russian.
Lastly, Alexa pegs Russia as offering 95% of site visitors to ABA Advertising’s web site.
This means whoever is working ABA Advertising has ties to Russia and/or Bulgaria.
As all the time, if an MLM firm will not be overtly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
ABA Advertising’s Merchandise
ABA Advertising has no retailable services or products.
ABA Advertising associates are solely in a position to market ABA Advertising affiliate membership itself.
ABA Advertising’s Compensation Plan
ABA Advertising don’t present compensation particulars on their web site.
I used to be in a position to acquire a replica of ABA Advertising’s compensation plan in Bulgarian.
Language points apart, the plan is poorly offered and missing explanations.
Nonetheless I’ve accomplished my finest to current under what I’ve been in a position to make of it.
Observe that for some purpose ABA Advertising’s compensation plan switches between USD and EUR.
EUR is predominant so I’m assuming USD quantities are errors.
I’ve stored USD the place cited within the compensation plan to stay devoted because it’s offered.
ABA Advertising Affiliate Ranks
There are ten affiliate ranks inside ABA Advertising’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Advisor 1 – enroll as an ABA Advertising affiliate
- Advisor 2 – generate 100 E in downline funding quantity
- Advisor 3 – personally make investments 100 E and generate 700 E in downline funding quantity
- Advisor 1 – personally make investments 300 E and generate 3000 E in downline funding quantity
- Advisor 2 – personally make investments 800 E and generate 10,000 E in downline funding quantity
- Structural Director – personally make investments 1200 E and generate 25,000 E in downline funding quantity
- Regional Director – personally make investments 1700 E and generate 60,000 E in downline funding quantity
- Worldwide Director – personally make investments 2000 E and generate 100,000 E in downline funding quantity
- Government Director – generate 250,000 E in downline funding quantity
- Supervisor – generate 500,000 E in downline funding quantity
The worth “E” is decided by dividing invested funds by 300.
Conversely, required invested fund quantities will be calculated by multiplying by 300.
E.g. Worldwide Administrators are required to take a position 2000 E and generate 100,000 E.
This involves a private funding of €600,000 EUR and €30 million EUR in downline funding quantity.
The rationale I haven’t accomplished these calculations above is as a result of the remainder of ABA Advertising’s compensation plan relies on E quantities, versus straight EUR invested.
Referral Commissions
ABA Advertising associates earn a fee on funds invested by personally recruited associates.
ABA Advertising calculates referral commissions by changing funds invested into E items (dividing them by 300).
The E unit quantity is then multiplied by an element decided by rank:
- Advisor 1 associates earn E * 3.5
- Advisor 2 associates earn E * 4.5
- Advisor 3 associates earn E * 6.5
- Advisor 1 associates earn E * 8.5
- Advisor 2 associates earn E * 10.5
- Structural Worldwide Administrators earn E * 12
- Regional Administrators earn E * 13.5
- Worldwide Administrators earn E * 13.7
- Government Administrators earn E * 13.9
- Supervisors earn E * 14
Observe that referral commissions seems to be coded, which means a 14 multiplier is paid out on all new funding.
Larger ranked ABA Advertising associates thus are paid the distinction between their rank multiplier and decrease ranked downline associates.
E.g. an Advisor 2 recruits an affiliate who invests €100 EUR.
The Advisor 2 earns their E * 10.5 referral fee charge.
Upline associates ranked Worldwide Director and better obtain the remaining quantity, as much as an Government Director being paid what’s left of E*14.
ROI Referral Commissions (?)
ABA Advertising seem to pay a share of returns paid to personally recruited associates.
I’m not 100% positive what’s happening right here so I’m offering the compensation slide in query:
The Bulgarian textual content reads:
PASSIVE INCOME% OF PERSONAL PROFIT ATTRACTING CAPITAL
As you’ll be able to see the chances are tied to ABA Advertising ranks.
Within the instance supplied although, €150,000 EUR is one way or the other shrunk to €3000 EUR after which multiplied by the corresponding share (I’m assuming “3 yp” corresponds with rank 3 to get 3%).
The shrunken quantities are each 2% of the determine the ROI referral fee is being calculated on (e.g. 150,000 –> 3000 and 700,000 –> 14,000).
No rationalization for this discount is supplied so I’m unsure the place it’s coming from.
Like referral commissions, ROI referral commissions are additionally coded.
Because of this 10% is paid out on all ROI funds, permitting larger ranked associates to gather the distinction from decrease ranked downline associates.
Month-to-month Bonuses
ABA Advertising rewards Structural Administrators and better with the next month-to-month bonuses:
- qualify at Structural Director and obtain $300 a month
- qualify at Regional Director and obtain $600 a month
- qualify at Worldwide Director and obtain $900 a month
- qualify at Government Director and obtain $1200 a month
- qualify at Supervisor and obtain $1500 a month
Rank Achievement Bonuses
ABA Advertising rewards associates for reaching “unit” milestones as follows:
- generate 500 items inside your first month or 700 items in another month, and obtain a customized watch with one diamond diamond on it
- generate 700 items inside your first month or 1200 items in another month, and obtain one other personalised watch with twelve diamonds on it
- qualify at Advisor 1 and obtain tickets to a two-day Management Program
- qualify at Advisor 2 and obtain tickets to a three-day Management Program and a Parker pen
- qualify at Structural director and obtain tickets to a different three-day Management Program, and a customized gold watch with twelve diamonds on it
- qualify at Regional Director and obtain €4000 EUR
- qualify at Worldwide Director and obtain what seems to be a golden bracelet set with a diamond
- qualify at Government Director and obtain €10,000 EUR
- qualify at Supervisor and obtain €20,000 EUR
Observe that bonus “items” aren’t the identical as “e items”. It’s a brand new metric for which no rationalization is supplied.
Chief Holidays
ABA Advertising rewards its “prime 20” associates with “chief holidays”.
No additional particular info is supplied.
Becoming a member of ABA Advertising
ABA Advertising affiliate membership seems to be free.
ABA Advertising Conclusion
Your first purple flag with ABA Advertising is understanding what the corporate truly does.
There’s no particular info supplied on ABA Advertising’s web site.
ABA Advertising’s compensation plan particulars returns:
So it seems investments are made on the promise of a passive return. Past that issues are cloudy.
Taking a look at ABA Advertising’s web site roadmap, the corporate began off with journey companies. Circa 2017 ABA Advertising transitioned to cryptocurrency.
This takes place by means of iQeon and plans to launch a cryptocurrency alternate.
There’s additionally Zplex, an internet site that’s nothing greater than a login type.
What isn’t cloudy is ABA Advertising’s pyramid scheme compensation plan.
Nothing is marketed or offered to retail clients. As an alternative ABA Advertising pays on funds invested by recruited associates, rewarding those that construct the most important recruited downlines.
No matter what’s occurring on the backend, if you wish to get wherever in ABA Advertising you must recruit.
That inevitably collapses when recruitment inevitably collapses.
Add to that no matter crypto shenanigans are happening in secret, and there’s most likely a purpose ABA Advertising aren’t clear about their enterprise operations.
On the regulatory entrance Russian authorities do seem to concentrate on ABA Advertising.
Again in January the Financial institution of Russia warned ABA Advertising exhibited “indicators of a pyramid scheme”.
Until you wish to dive headfirst into yet one more dodgy Russian MLM crypto scheme, keep away from.
Replace 1st February 2022 – ABA Advertising has collapsed.
As on the time of this replace, ABA Advertising’s web site has been pulled and the corporate’s socials both deleted or made non-public.
Replace 2nd February 2022 – ABA Advertising has rebooted as 7 Flags Membership.