In a nutshell, Corsair Group is what’s left of Cloud Horizon.
Cloud Horizon was a Ponzi scheme launched by Frank Ricketts in early 2019.
Ricketts scamming goes again years. BehindMLM first data of it dates again to 2011 with Unaico and SiteTalk; a mix of pyramid and funding 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 traders 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 organising 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.
Cloud Horizon was primarily Ricketts’ personal model of OneCoin, full with ORT and ORTP Ponzi factors imported from Orientum, one other collapsed Ponzi scheme Ricketts had a behind-the-scenes hand in.
Cloud Horizon initially focused victims in south-east Asia, a lot of them victims of OneCoin.
This flopped, prompting Ricketts to shift focus to the UK, once more focusing on the previous OneCoin neighborhood there.
By mid 2019 or so Ricketts cashed out and bailed, leaving failed OneCoin scammer Staffan Liback in cost.
Beneath Liback’s management Cloud Horizon continued to flounder. One initiative Liback tried was Crypto Group World.
Crypto Group World was a brand new ruse to interchange the Thailand plastic recycling = magic cash authentic ruse no one was shopping for. It failed to realize any traction.
By late 2019 Liback was begging Ricketts to return out of hiding and resume govt management.
Ricketts returned as “Captain” of Cloud Horizon in January 2020.
In some unspecified time in the future the ORT and ORTP Ponzi factors from Orientum had been ditched. They had been changed with FLP, one other non-publicly traded Ponzi token.
Ricketts additionally launched new recycling ruses, supposed “polypetron crops” in France.
In Might 2020 Cloud Horizon as a model was deserted. The area was briefly redirected to Crypto Group World’s web site. It was then redirected once more to Amplivo’s web site.
Amplivo is a shell firm Ricketts set as much as additional push the Thailand recycling plant narrative behind Cloud Horizon.
In June 2020 FLP had been downgraded to a gateway to ISF tokens.
ISF tokens had been launching along with Mountain Wolf Financial institution, a resurrected try to connect an inner alternate to Ecovo-Amplivo (what Cloud Horizon had been rebranded as at this level).
Mountain Wolf Financial institution gave Ricketts a launching pad for future shitcoin launches. The primary of which was ECO in September 2020.
ECO’s launch coincided with Corsair Group, a brand new model to interchange Ecovo-Amplivo branding (the ideas behind which by no means went anyplace).
Technically talking Corsair Group was Socium Holdings renamed. Socium Holdings being one other shell firm Ricketts arrange as a part of Cloud Horizon.
Someday in Q3 2020 Staffan Liback cashed out and disappeared. His final recognized location was Thailand.
He did floor briefly in December 2020 as a promoter of OmegaPro, one other Ponzi scheme albeit unrelated to Cloud Horizon.
Corsair Group noticed the introduction of SusNova tokens, which had been no totally different to the opposite Ponzi tokens launched earlier than it.
After organising Corsair Group Frank Ricketts as soon as once more cashed out and disappeared.
Jussi Saloranta, an previous affiliate of Staffan Liback’s and Rickett’s chosen frontman for Sepco Industries, was left in cost as Corsair Group’s CEO.
At the moment Corsair Group operates from the area “corsairnow.com”. Issues have deteriorated to the purpose site visitors to Corsair Group’s web site isn’t measured by Alexa.
Jussi Saloranta has promoted himself to Corsair Group’s Chairman of the Board.
Corsair Group markets itself as “an Worldwide Consortium of Firms”, which is a elaborate time period given to the shell firm’s Frank Ricketts set as much as launder invested funds by way of.
These embrace Sepco, Socium Holdings, Ecovo, Amplivo, EltronX and Plastic Waste Resolution.
Little doubt there are others I’ve missed and people stored secret to arrange financial institution accounts by way of (one among Frank Rickett’s specialties).
To maintain issues easy Rickett’s Cloud Horizon shell corporations are grouped below Corsair Group.
Naturally Corsair Group offers no indication it’s an MLM firm on its web site.
In actual fact Corsair Group explicitly prohibit their associates from giving the sport away to potential recruits:
The Introducer is NOT allowed to:
1. Give a enterprise presentation or current a Funding Memorandum.
2. Present a lead with firm data or paperwork apart from that what’s offered through the web site.
Bollocks to that. Learn on for a full evaluation of Corsair Group’s MLM alternative.
Corsair Group’s Merchandise
Corsair Group has no retailable services or products, with associates solely capable of market Corsair Group affiliate membership itself.
Corsair Group’s Compensation Plan
Corsair Group associates join and put money into FLP tokens, that are used to accumulate ISF tokens.
FLP tokens are sarcastically named “Free Loyalty Factors”, regardless of costing €1 EUR to 1 FLP to put money into.
FLP tokens are invested in by way of Ecovo funding packages, of which there are 5 tiers:
- Starter – make investments €295 EUR and obtain 295 FLP
- Bronze – make investments €995 EUR and obtain 995 FLP
- Silver – make investments €1995 EUR and obtain 1995 FLP
- Gold – make investments €4995 EUR and obtain 4995 FLP
- Platinum – make investments €9900 EUR and obtain 9900 FLP
Notice that Corsair Group don’t publish the present FLP to ISF token alternate price.
Corsair Group Affiliate Ranks
There are two tiers of affiliate ranks inside Corsair Group’s compensation plan.
The primary tier is used to pay residual commissions and consists of 5 affiliate ranks:
- Impartial Affiliate – join as a Corsair Group affiliate and recruit one affiliate
- Junior Affiliate – recruit two associates and generate 1800 GV
- Senior Affiliate – recruit three associates and generate 4500 GV
- Govt Affiliate – preserve three personally recruited associates and generate 9000 GV
- Senior Govt Affiliate – preserve three personally recruited associates and generate 12,000 GV
The second tier is used to pay the Matching Bonus and consists of seven ranks:
- 1 Star – recruit two associates and generate 10,000 GV in Ecovo bundle funding quantity
- 2 Star – preserve two personally recruited associates (one 1 Star) and generate 50,000 GV in Ecovo bundle funding quantity
- 3 Star – recruit three 2 Star associates and generate 250,000 GV in Ecovo bundle funding quantity
- 4 Star – recruit 5 associates (three 3 Stars) and generate 1,000,000 GV in Ecovo bundle funding quantity
- 5 Star – preserve 5 personally recruited associates (three 4 Stars) and generate 2,000,000 GV in Ecovo bundle funding quantity
- 6 Star – recruit ten associates (three 5 Stars) and generate 10,000,000 GV in Ecovo bundle funding quantity
- 7 Star – preserve ten personally recruited associates (three 6 Stars) and generate 50,000,000 GV in Ecovo bundle funding quantity
GV stands for “Group Quantity” and is Ecovo bundle funding quantity generated by private funding and downline recruitment.
- funding in a Starter bundle generates 265 GV
- funding in a Bronze bundle generates 900 GV
- funding in a Silver bundle generates 1800 GV
- funding in a Gold bundle generates 4500 GV
- funding in a Platinum bundle generates 9000 GV
Private funding GV doesn’t expire and is counted at 100% of generated GV.
Downline funding GV resets each 28 days and is counted at 25% of generated GV.
Notice that for the Star ranks, not more than 50% of required GV can come from anyone unilevel workforce leg.
As soon as certified for, Corsair Group affiliate ranks are retained indefinitely.
Lastly, when a brand new Corsair Group affiliate indicators up they obtain a 28 day Quick Begin cycle interval.
Throughout this era, GV rank necessities are diminished by 50%.
Residual Commissions
Corsair Group pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned instantly below 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.
Corsair Group caps payable unilevel workforce ranges at 5.
Residual commissions are paid out as a share of Ecovo funding packages as follows:
- Impartial Associates earn 12% on degree 1 (personally recruited associates)
- Junior Associates earn 12% on degree 1 and eight% on degree 2
- Senior Associates earn 12% on degree 1 and eight% on ranges 2 and three
- Govt earn 12% on degree 1, 8% on ranges 2 and three and 5% on degree 4
- Senior Executives earn 12% on degree 1, 8% on ranges 2 and three and 5% on ranges 4 and 5
Commissions earned on unilevel ranges not certified for are handed as much as the primary level-qualified upline.
Notice that 30% of residual commissions earned are held again for obligatory reinvestment.
Corsair Group additionally pays a 100% residual fee match in FLP tokens.
Matching Bonus
Corsair Group pays a Matching Bonus on residual commissions earned by downline associates.
The Matching Bonus is tracked utilizing the identical unilevel workforce used to pay residual commissions, capped at ten unilevel workforce ranges.
- 1 Star (generate €10,000 EUR in downline Ecovo bundle funding) – obtain a 5% money and 5% FLP match on ranges 1 and a couple of
- 2 Star (generate €50,000 EUR in downline Ecovo bundle funding) – obtain a 5% money and 5% FLP match on ranges 1 to 4
- 3 Star (generate €250,000 EUR in downline Ecovo bundle funding) – obtain a 5% money and 5% FLP match on ranges 1 to 4 and three% money and three% FLP on ranges 5 and 6
- 4 Star (generate €1,000,000 EUR in downline Ecovo bundle funding) – obtain a 5% money and 5% FLP match on ranges 1 to 4 and three% money and three% FLP on ranges 5 to 7
- 5 Star (generate €2,000,000 EUR in downline Ecovo bundle funding) – obtain a 5% money and 5% FLP match on ranges 1 to 4 and three% money and three% FLP on ranges 5 to eight
- 6 Star (generate €10,000,000 EUR in downline Ecovo bundle funding) – obtain a 5% money and 5% FLP match on ranges 1 to 4, 3% money and three% FLP on ranges 5 to eight and a couple of% money and a couple of% FLP on degree 9
- 7 Star (generate €50,000,000 EUR in downline Ecovo bundle funding) – obtain a 5% money and 5% FLP match on ranges 1 to 4, 3% money and three% FLP on ranges 5 to eight and a couple of% money and a couple of% FLP on ranges 9 and 10
Rank Achievement Bonus
Corsair Group rewards associates for qualifying on the Star ranks as follows:
- qualify as a 1 Star and obtain 100 FLP
- qualify as a 2 Star and obtain 500 FLP
- qualify as a 3 Star and obtain 2000 FLP and a “4-day all-inclusive workforce constructing journey (3 nights)”
- qualify as a 4 Star and obtain 10,000 FLP and Apple merchandise valued at €5000 EUR
- qualify as a 5 Star and obtain 20,000 FLP and a “prestigious watch” valued at €20,000 EUR
- qualify as a 6 Star and obtain 100,000 FLP and a “presigious watch or automotive” valued at €100,000 EUR
- qualify as a 7 Star and obtain 500,000 FLP and a “luxurious property” valued at €900,000 EUR
Notice that from 4 Star, the prize may be exchanged for an 80% worth money equal.
Infinity Bonus
The Infinity Bonus pays a fee on unilevel workforce degree legs, excluding the strongest leg (the leg with probably the most quantity).
The Infinity Bonus is paid out as a weekly share of unilevel workforce legs primarily based on rank:
- 1 Stars obtain a 2% money and a couple of% FLP Infinity Bonus
- 2 Stars obtain a 3% money and three% FLP Infinity Bonus
- 3 Stars obtain a 4% money and 4% FLP Infinity Bonus
- 4 Stars obtain a 5% money and 5% FLP Infinity Bonus
- 5 Stars and better obtain a 6% money and 6% FLP Infinity Bonus
Buyer Acquisition Bonus
The Buyer Acquisition Bonus pays on Ecovo bundle funding, restricted to 3 unilevel workforce ranges.
- personally generate 5 Ecovo bundle investments for a complete of 1000 GV, and obtain a 4% CAB on degree 1
- personally generate ten Ecovo bundle investments for a complete of 10,000 GV, and obtain a 4% CAB on degree 1 and three% on degree 2
- personally generate twenty Ecovo bundle investments for a complete of 20,000 GV, and obtain a 4% CAB on degree 1, 3% on degree 2 and a couple of% on degree 3
Becoming a member of Corsair Group
Corsair Group affiliate membership is €95 EUR.
Whereas this offers entry to Corsair Group’s compensation plan, new associates are strongly suggested to enroll with an Ecovo funding bundle:
- Starter – €295 EUR
- Bronze – €995 EUR
- Silver – €1995 EUR
- Gold – €4995 EUR
- Platinum – €9900 EUR
Conclusion
To maintain factor easy, I’ve treating all the corporations Frank Ricketts has created tied to Corsair Group as one and the identical.
These corporations can all be traced again to Cloud Horizon, and are elements of the identical Ponzi scheme.
That Ponzi scheme has advanced from Cloud Horizon to see associates now put money into FLP tokens, that are transformed to ISF tokens.
ISF tokens are collected with the intention of exchanging them for actual cash. That is how a return is realized, and it’s paid by way of nonetheless Corsair Group have arrange their inner exchagne.
Notice that Corsair Group don’t disclose the present inner ISF token alternate price on any of their firm web sites.
In any occasion, the one verifiable income coming into Corsair Group is new funding, which means the corporate pays withdrawal requests utilizing new funding.
All the rubbish about recycling crops is smoke and mirrors.
One of many targets of Corsair Group Worldwide is to change into a serious producer of Avanced BioFuel by growing Waste Plastic to Gas manufacturing facility everywhere in the world.
If exterior income of any form was really being generated and used to pay ISF token withdrawals, Corsair Group could be registered to supply securities in each jurisdiction it solicits funding in.
As a substitute you may have the identical funding fraud Frank Ricketts has been engaged in for over a decade.
A number of names, identical underlying fraudulent funding scheme.
The opposite aspect of Corsair Group is affiliate recruitment, which provides a further pyramid layer to the scheme.
“Prospects” are talked about by Corsair Group promoters of their displays, nonetheless it must be apparent that no one exterior of the earnings alternative is dropping hundreds of euro on a Ponzi scheme run by serial-scammers.
As an MLM reviewer the Ponzi/pyramid aspect of Corsair Group is straightforward. What retains this rip-off alive is the intentional complexity Ricketts creates.
This takes type by means of a number of shell corporations, and that’s simply what we see publicly.
As Ricketts created for OneCoin, you may be certain there’s a boatload of shell firm layers behind the schemes getting used to launder Corsair Group funds by way of.
The excellent news is that’s a headache you as a possible Corsair Group investor don’t have to fret about – not less than not in the identical approach I’ve to in piecing this all collectively.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Corsair Group of ROI income, leaving them unable to pay ISF token withdrawals.
At this level Corsair Group collapses, with math guaranteeing the vast majority of individuals take a loss.
What occurs subsequent?
Just about what Ricketts and the gang have been doing since they launched Cloud Horizon.
New Ponzi tokens, new shell corporations – again and again till authorities in Europe and south-east Asia take former OneCoin scammers critically.
Replace seventh March 2021 – With out fail, Corsair Group has introduced a brand new Ponzi token.
CSR is an ERC-20 token, which may have taken them two minutes to arrange.
ISF tokens will be capable of be transformed into CSR, and from there it’s the identical previous Ponzi scheme.