CryptScalper offers no data on its web site about who owns or runs the corporate.
CryptScalper’s web site area (“cryptscalper.com”) was privately registered on September nineteenth, 2019.
On their web site CryptScalper claims to be included within the UK as “CryptScalper LTD”.
UK incorporation is filth low-cost and for probably the most half unregulated. It’s a favored jurisdiction for scammers seeking to incorporate dodgy firms.
The London tackle CryptScalper offers on their web site belongs to a charity retailer.
As at all times, if an MLM firm is just not brazenly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
CryptScalper’s Merchandise
CryptScalper has no retailable services or products.
Associates are solely in a position to market CryptScalper affiliate membership itself.
CryptScalper’s Compensation Plan
CryptScalper associates make investments funds on the promise of marketed each day returns.
- Starter – make investments $10 to $99 and obtain 1% a day for 90 days
- Investor – make investments $100 to $249 and obtain 1.5% a day for 75 days
- Dealer – make investments $250 to $2499 and obtain 2% a day for 60 days
- Professional Dealer – make investments $2500 to $100,000 and obtain 2.5% a day for 45 days
Referral commissions are paid on invested funds down three ranges of recruitment (unilevel):
- 5% on degree 1 (personally recruited associates)
- 3% on degree 2
- 1% on degree 3
Becoming a member of CryptScalper
CryptScalper affiliate membership is free.
Full participation within the hooked up earnings alternative nevertheless requires a minimal $10 funding.
Funding into CryptScalper is both made by PerfectMoney, or in bitcoin, ethereum or litecoin.
Conclusion
CryptScalper claims to generate exterior income by way of an “AI buying and selling platform”, that supposedly makes use of “leverage buying and selling algorithms”.
Fairly than register with monetary regulators and supply legally required accounting studies nevertheless, CryptScalper hangs its legitimacy on fundamental UK incorporation.
Is Cryptscalper legit?
Sure we’re legit. We’re formally registered. Now we have formally KYC verified buying and selling accounts on a number of platforms and we’re licensed within the UK.
Fundamental UK incorporation is just not the identical as being licensed to supply securities. Securities within the UK are regulated by the FCA, which CryptScalper is just not registered with.
There isn’t any proof of CryptScalper participating in any buying and selling, or utilizing every other exterior income to pay associates with.
This leaves new funding as the one verifiable income getting into CryptScalper.
Utilizing newly invested funds to pay affiliate buyers a each day return makes CryptScalper a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will invested funds.
It will starve CryptScalper of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of contributors lose cash.