Cancri Jewellery gives no info on its web site about who owns or runs the corporate.
Cancri Jewellery’s present web site area (“cancrijewelry.diamonds”), was privately registered on December twenty third, 2021.
Cancri Jewellery initially operated from “cancri.jewellery”, privately registered on December twenty second, 2022. Why the corporate modified web site domains is unclear.
Cancri Jewellery markets itself as “the biggest jewellery retailer in Europe and Asia”. No gross sales figures to again up this declare are offered.
In an try to look reliable, Cancri Jewellery gives a company handle in Turkey on its web site.
The handle is represented to correspond to a Cancri Jewellery branded constructing:
Google Maps reveals, not less than as of April 2022, that the constructing does in truth exist as depicted:
The constructing additionally options in Cancri Jewellery’s advertising and marketing movies:
Apart from having a branded constructing in Turkey nonetheless, Cancri Jewellery in any other case doesn’t seem to have any ties to the nation.
Cancri Jewellery advertising and marketing movies are all in Russian and have Russian talking actors.
Cancri represents it has a “name middle” in Ukraine. Apart from a cellphone quantity although, no particulars are offered.
On November seventeenth 2021, the Central Financial institution of Russia issued a Cancri Jewellery monetary pyramid warning.
Related Cancri Jewellery domains cited by the CBR embody:
- cancri-jewelry.web (deserted)
- cancrijewelry.web (Turkish model of homepage, useless web site)
- cancri-jewelry.com (deserted, Bulgarian internet hosting)
- cancri-jewelry.web site (Russian model of homepage, useless web site) and
- cancrijewelry.diamonds (main web site, energetic)
Cancri Jewellery’s web site options each Russian and Ukrainian net companies:
We will conclude from all of this that Cancri Jewellery is run by Russians and/or Ukrainians, pretending they’re primarily based out of Turkey.
As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Cancri Jewellery’s Merchandise
Cancri Jewellery has no retailable services or products.
Associates are solely capable of market Cancri Jewellery affiliate membership itself.
Cancri Jewellery’s Compensation Plan
Cancri Jewellery associates make investments funds on the promise of promoting returns:
- make investments €100 EUR and obtain 3.5% every week for 364 days (182%)
- make investments €900 EUR and obtain 5% every week for 364 days (260%)
- make investments €2700 EUR and obtain 5.5% (?) every week for 364 days
- make investments €8100 EUR and obtain 6% every week for 364 days (312%)
The €2700 EUR tier seems to be mislabeled on Cancri Jewellery’s web site (identical ROI because the €300 EUR tier), therefore I’ve marked it with a query mark.
The MLM facet of Cancri Jewellery pays on recruitment of affiliate traders.
Cancri Jewellery Affiliate Ranks
There are sixteen affiliate ranks inside Cancri Jewellery’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Newbie – generate €100 EUR in downline funding
- Supervisor – generate €300 EUR in downline funding
- Senior Supervisor – generate €1000 EUR in downline funding
- Golden Supervisor – generate €3000 EUR in downline funding
- Diamond Supervisor – generate €10,000 EUR in downline funding
- Mentor – generate €20,000 EUR in downline funding
- Senior Mentor – generate €50,000 EUR in downline funding
- Golden Mentor – generate €100,000 EUR in downline funding
- Diamond Mentor – generate €250,000 EUR in downline funding
- Grasp – generate €500,000 in downline funding
- Senior Grasp – generate €1,000,000 in downline funding
- Golden Grasp – generate €2,000,000 in downline funding
- Diamond Grasp – generate €3,000,000 in downline funding
- Managing Director – generate €10,000,000 in downline funding
- Golden Managing Director – generate €25,000,000 in downline funding
- Diamond Managing Director – generate €50,000,000 in downline funding
Be aware that downline funding features a Cancri Jewellery affiliate’s personal private funding quantity.
Referral Commissions
Cancri Jewellery pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned immediately beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Every Cancri funding pays a 20% referral fee. This can be a coded fee, paid as per the next qualification standards:
- Rookies earn a 5% referral fee price
- Managers earn a 6% referral fee price
- Senior Managers earn a 7% referral fee price
- Golden Managers earn an 8% referral fee price
- Diamond Managers earn a 9% referral fee price
- Mentors earn a ten% referral fee price
- Golden Mentors earn a 12% referral fee price
- Diamond Mentors earn a 13% referral fee price
- Masters earn a 14% referral fee price
- Senior Masters earn a 15% referral fee price
- Golden Masters earn a 16% referral fee price
- Diamond Masters earn a 17% referral fee price
- Managing Administrators earn an 18% referral fee price
- Golden Managing Administrators earn a 19% referral fee price
- Diamond Managing Administrators earn a 20% referral fee price
The coded nature comes into play when associates decrease than Diamond Managing Director earn a referral fee.
20% is paid on all Cancri Jewellery funding.
Let’s say a Mentor indicators up an investor. They earn their 10% referral fee price. This leaves 10% of the whole 20% referral fee price nonetheless to be paid out.
The system searches upline for the primary Golden Mentor or greater to pay the stability out to.
Let’s say a DIamond Grasp is discovered first. They obtain 7% (17% minus the ten% already paid out). This leaves 3% nonetheless remaining to be paid out.
The system then searches additional upline.
- if a Managing Director is discovered first, they obtain 1% (18% minus 17%), leaving 2% to be paid upline
- if a Golden Managing Director is discovered first, they obtain 2% (19% minus 17%), leaving 1% to be paid to the primary Diamond Managing Director upline
- if a Diamond Managing Director is discovered first, they obtain the total 3% remaining stability
Be aware that any time a Diamond Managing Director receives a referral fee, it’s both the total 20% on their very own recruits, or no matter stability is left on a referral fee handed upline.
On this method greater ranked Cancri Jewellery associates can earn referral commissions handed up from anyplace of their unilevel workforce.
Becoming a member of Cancri Jewellery
Cancri Jewellery affiliate membership seems to be free.
Full participation within the connected revenue alternative requires a minimal €100 EUR funding.
Cancri Jewellery Conclusion
The advertising and marketing ruse behind Cancri Jewellery is that traders are buying jewellery. One thing one thing ROI and, after 364 days, they’ll go decide up ordered jewellery from Cancri Jewellery’s storefront.
Or, and that is the way more possible plan of action, affiliate traders simply preserve their ROI and don’t trouble concerning the jewellery.
Whether or not it’s truly potential or to not accumulate jewellery irrelevant to Cancri Jewellery working as a Ponzi scheme.
Whereas showing to have a storefront in Turkey is actually attention-grabbing (so far as due-diligence goes), it’s additionally immaterial to Cancri Jewellery working as a Ponzi scheme.
Actually Cancri Jewellery is bit extra excessive manufacturing than your typical Russian crypto Boris CEO Ponzi. However beneath the flashy advertising and marketing movies, staged occasions and actor movies, you’ve bought the identical fraudulent enterprise mannequin.
You make investments, Cancri Jewellery takes that cash and pays different traders, and also you hope recruitment retains up so you’ll be able to steal another person’s cash.
Sadly that doesn’t look like the case for anybody having not too long ago invested:
Whereas early Cancri Jewellery traders have been little question Russians and Ukrainians, right now nearly all of traders are in France, Germany and Hungary.
As you’ll be able to see from SimilarWeb monitoring above although, Cancri Jewellery recruitment throughout the board is down virtually 50% month on month over the previous two months.
In what seems to be an try to search out new victims, Cancri Jewellery has been hyping a hopeful unfold into neighbouring Georgia.
Whether or not that catches on stays to be seen.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Cancri Jewellery of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.