BehindMLM’s preliminary Elysium Community evaluate was revealed in Could 2020.
Regardless of launching in 2019, Elysium Community displays immediately nonetheless mark the corporate as a “model new alternative”.
On the request of a reader, immediately we’re revisiting Elysium Community for an up to date evaluate.
In Could 2020 Elysium Community was committing securities fraud by Elysium Capital.
The funding scheme was referred to as “Elysium Capital Pinnacle Portfolio”. You invested €500 EUR, did nothing and picked up a return.
Neither Elysium Community, proprietor Fred Stege or any of his different shell corporations had been registered to supply securities in any jurisdiction.
This noticed us label Elysium Community an unregistered securities providing.
Elysium Community’s securities fraud was performed in partnership with Equiti Group, who Stege recognized as a accomplice dealer in August 2020.
Quick ahead to Could 2021 and Elysium Community shut down affiliate buying and selling accounts with out warning.
How a lot Elysium Community misplaced within the collapse is unclear.
Inner emails between Elysium Community associates reveal losses upwards of 70% of funds invested. There have been supposedly just a few hundred Elysiun Community affiliate accounts arrange on the time of collapse.
Upline Fairness Community associates, who seemingly earned greater than they misplaced in recruitment commissions, suggested their victims to “simply settle for the loss and transfer on”.
For his or her half Elysium Capital despatched out an e mail in mid June, advising “it’s clear there was a difficulty that’s not associated to our techniques.”
It’s clearly seen that the system tried to execute actions after 16:27:49 however that the orders weren’t executed.
These ‘lifeless’ moments trigger numerous drawdown because the EA can not place the mandatory hedges to safe the account and hold the fairness beneath management.
These errors we acquired loads from the Equiti account and never from the accounts of our different brokers. So there’s positively a normal subject right here.
As I perceive it associates stay caught between Elysium Community and Fairness Group blaming one another for his or her losses.
Stege, with none disgrace in any respect, was fast to reboot Elysium Capital as a crypto buying and selling alternative.
And that is the place issues get murky.
In early June, a few week after the Equiti Group debacle, the Elysium Community and Elysium Capital web sites went down.
Given the timing of the Fairness Buying and selling ruse collapse, we put this right down to Stege initiating an exit-scam.
Entry to Elysium Community was restored on June tenth. Elysium Capital’s web site stays down.
Makes an attempt to entry Elysium Capital’s web site return a interval (.) placeholder.
So far as I do know Stege has failed to supply any clarification.
In an try and suss out Elysium Community’s enterprise mannequin, I’m counting on a Could 2021 presentation by Fred Stege.
Within the presentation Stege represents Fairness associates and retail prospects achieve entry to Elysium Insider.
Elysium Insider is purportedly a alerts buying and selling service. If there’s nonetheless an automatic buying and selling side Elysium Community, that’s not disclosed.
I figured seeing as its purportedly pitched at retail prospects, Elysium Community’s web site would supply details about Elysium Insider.
That’s not the case. Elysium Insider does have its personal web site, on which it’s claimed
Elysium Insider offers impartial and actionable analysis and analytics to our world subscribers to enhance their funding and buying and selling selections. All people can do that!
One instance of an Elysium Insider e mail dated late June has Stege probably not understanding the place bitcoin will go.
On the time BTC was at ~$34,000. Stege supplied normal recommendation for BTC going both manner.
In one other Elysium Insider tip e mail, dated July thirteenth, Stege supplied normal commentary;
Bitcoin is ranging sideways within the decrease $30’000. – $34’000
$31’000 must be held. $34’500 must be damaged to maneuver to the upside round $38’000.
At present there’s a Grayscale shares sell-off and that causes the draw back stress. If it absorbs effectively we would see a major transfer to the upside later this week.
I’ve simply purchased a tiny bit immediately at $32,500.
However we may nonetheless go decrease. Most probably we’ll discover out this week. It’s nonetheless too early to the touch Alt cash.
Stege doesn’t appear to have the ability to predict the place BTC will go a lot as present commentary on what’s already occurred.
All Stege reveals is Elysium Insider prices retail subscribers €99 EUR a month. That was a reduced introductory worth in Could, good for just a few weeks.
The complete price of an Elysium Insider retail subscription wasn’t disclosed.
Elysium Community’s web site remains to be promoting “QUANT EA sign portfolios (“Buying and selling bots”).”
Quant EA seems to be the outdated pre-crypto precursor of Elysium Insider.
One other oddity is Elysium Capital, as a Hong Kong shell firm, being referenced on Elysium Community’s web site.
Elysium Capital hasn’t existed since its web site went down in early June.
If I needed to guess, Elysium Community’s web site hasn’t been up to date for a while. This explains why there’s no details about Elysium Insider.
Elysium Community as an MLM alternative focuses on promoting Elysium Insider and recruiting associates.
Elysium affiliate membership is presently €499 after which €97 a month.
That gives you entry to the Elysium Community backoffice, a social media advertising and marketing software, Zoom clone and Elysium Insider.
€25 EUR is paid out on recruitment of recent Elysium Community associates and/or Elysium Insider retail subscription gross sales.
One other €25 EUR is paid out in residual commissions, down seven ranges of recruitment (unilevel).
Month-to-month subscription charges paid by each associates and retail subscribers generates residual commissions by way of a binary workforce.
That is complimented by a ten% matching bonus and bonus swimming pools.
That is fairly just like what reviewed in 2020. Taking into account the euro quantities quoted are old-fashioned, you’ll nonetheless get the gist of Elysium Community’s comp plan there.
On the regulatory entrance nothing has occurred for the reason that Estonian securities fraud warning issued in July 2020.
Previous to the warning, Stege was representing Elysium Community and Elysium Capital had been Estonian shell corporations.
After the Estonian fraud warning, Stege supplied shell firm addresses in Hong Kong and Sweden.
Versus Elysium Community being any much less unlawful, there’s seemingly been no new updates as a result of there isn’t a lot occurring.
As I write this Alexa ranks Elysium Community’s web site at 5.4 million. For an MLM firm that’s nearly as good as lifeless.
Visitors to Elysium Insider’s web site is so insignificant that it’s not measured.
General it’s clear the Elysium Community’s unique enterprise mannequin collapsed. What’s now instead is sloppy and never correctly put collectively.
Not withstanding the Elysium Community web site downtime or abandoning of Elysium Capital’s web site altogether.
For now it appears Stege has recycled current properties (affiliate membership instruments), and is charging individuals €99 EUR a month for his ideas on bitcoin’s day-to-day worth actions after the very fact.
Not as unhealthy the securities fraud Elysium Community initially launched with however, no less than for my part, not definitely worth the worth of admission.
Replace 14th August 2021 – Equiti Group has disputed Fred Stege blaming them for Elysium Community affiliate losses.
Replace thirtieth October 2021 – As on the time of this replace, the Could 2021 Elysium presentation by Fred Stege has been deleted from YouTube.
I did have the presentation linked however have disabled the hyperlink as a result of video’s deletion.