EvoRich is a derivative of the long-running Russian Ponzi scheme, Skyway Capital.
Heading up EvoRich is Andrey Khovratov (aka Andrii Khovratov, Andrei Khovratov), a former Skyway Capital govt.
Khovratov is/was a part of Skyway Capital’s inner-circle. In 2017 Khovratov filed a defamation lawsuit in opposition to a Russian media outlet on behalf of Skyway Capital.
He misplaced the case.
In July 2017 Khovratov threatened one other media outlet in Crimea after they printed an article crucial of Skyway Capital, citing Anatoly Yunitskiy’s personal unsuccessful lawsuit in opposition to a Belarus media outlet.
Yunitskiy put Khovratov in control of Skyway Capital’s transition to cryptocurrency in 2017.
The person on the fitting within the screencap above is Anatoly Yunitskiy, the founding father of Skyway Capital.
Skyway Capital was initially going to launch Skyway tokens. Because the months and years dragged on nevertheless, these plans modified to CryptoUnits.
BehindMLM first documented Skyway Capital leaping on the crypto Ponzi bandwagon in March 2019.
Consistent with Skyway Capital creating dozens of shell firms to run every ruse they give you, ultimately NEEW was launched.
NEEW stands for “New Financial Evolution of the World” and, as the bottom of Skyway Capital’s crypto fraud efforts, Yunitskiy appointed Andrey Khovratov as Founder and CEO.
In February 2020 Skyway Capital introduced it was ditching NEEW. The corporate, now offered as a completely standalone alternative, was handed over to Khovratov to run independently.
At the least that’s what occurred on paper. Just a few situations come to thoughts:
- Yunitskiy and Khovratov had a disagreement/battle and determined to separate;
- Khovratov and Yunitskiy reached a backroom settlement by means of which Khovratov paid Yunitskiy for permission to run NEEW as a standalone firm; and/or
- Yunitskiy had had sufficient of NEEW going nowhere and wished to create a brand new Ponzi ruse to maintain Skyway Capital going, so ditching NEEW was in his greatest curiosity.
Take your choose.
The “official” purpose given is, regardless of NEEW being simply one in all many Skyway Capital’s shell firms that Khovratov was appointed internally to run, that the 2 firms had been at all times separate and this was simply the top of a contractual partnership.
Hardly convincing given proof of Khovratov being a Skyway govt relationship again to the Ponzi scheme’s launch in 2011.
However hey, since when have Ponzi backstories needed to maintain as much as scrutiny?
After the Skyway exit-scam, Khovratov rebranded NEEW as “Academy of Personal Investor Alternative” (I’m assuming that sounded much less hokey in Russian).
This coincided with a NEEW rip-off warning issued in New Zealand in June 2020.
Academy of Personal Investor Alternative appears to have lasted until the fourth quarter of 2020, throughout which EvoRich was launched.
EvoRich is one other rebranding. Maybe there’ll be one other one in a couple of months. Who is aware of.
As with Skyway Capital Khovratov runs EvoRich by means of a sequence of shell firms, essentially the most outstanding of which is UGPay Group AG, a Swiss shell firm.
Khovatov himself relies out of Belarus, Ukraine and/or Russia. They don’t get into specifics.
Learn on for a full evaluate of EvoRich’s MLM alternative.
EvoRich’s Merchandise
EvoRich has no retailable services or products, with associates solely in a position to market EvoRich affiliate membership itself.
EvoRich’s Compensation Plan
EvoRich doesn’t present a replica of its compensation plan on its web site. As such, the next evaluation has been put collectively from an affiliate presentation dated mid 2020.
EvoRich associates put money into WCRU tokens. The present inner WCRU value is about based mostly on whole amassed WCRU funding:
I. Stage 10-30 billion WCRU tokens with a value of $ 0.001 -0.3 $ 12-36 months.
II. Stage 10-25 billion WCRU tokens with a value of $ 1 -100 $ 12-24 months,
III. Stage 1-10 billion WCRU tokens with a value of $ 100 -1000 $ 12-24 months.
IV. Stage 1-10 billion WCRU tokens with a value of $ 1000 -2000 $ 12-36 months.
EvoRich don’t disclose which stage WCRU is at the moment being invested in at.
On the MLM aspect of issues, EvoRich’s compensation plan pays affiliate buyers for recruiting new affiliate buyers.
Observe that EvoRich doesn’t pay commissions in actual cash. As an alternative USDU is used.
USDU is a shit token EvoRich creates on demand. The corporate claims “every USDU coin is backed by the US greenback” however offers no verifiable proof of such.
Observe that some MLM commissions seem like paid in WCRU too, as indicated by a whitepaper supplied on the CryptoUnit web site;
540 days of freezing after receiving WCRU tokens within the type of an MLM bonus or within the type of accrual based on the outcomes of promotions, sweepstakes, air-drops and different advertising occasions.
“Freezing” means the tokens are locked up and might’t be cashed out. Immediately invested in WCRU tokens are locked up for one year.
EvoRich Affiliate Ranks
There are eight affiliate ranks inside EvoRich’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Companion – put money into 30 to 200 WCRU
- Agent – put money into 50 to 300 WCRU and have recruited two associates who’ve every invested in at the very least 200 WCRU
- Guide – put money into 300 to 1000 WCRU and have recruited 4 associates who’ve every invested in at the very least 200 WCRU
- Supervisor – put money into 1000 to 10,000 WCRU and have 4 Consultants in your downline
- Chief Supervisor put money into 5000 to twenty,000 WCRU and have 4 Managers in your downline
- High Supervisor – put money into 10,000 to 50,000 WCRU and keep 4 Managers in your downline
- Vice President – put money into 50,000 to 100,000 WCRU and have two High Managers in your downline
- President – put money into 100,000 to 1,000,000 WCRU and have two Vice Presidents in your downline
You’ve most likely observed some WCRU funding overlap between the ranks. These discrepancies should not defined.
Additionally unclear is whether or not required ranked downline associates must be personally recruited.
WCRU Returns
EvoRich associates park WCRU tokens with the corporate.
That is finished as a result of doing so pays the next returns:
- over 1 to 180 days 1% is paid out each 30 days
- over 181 to one year 1.5% is paid out each 30 days
- over 366 to 545 days 2% is paid out each 30 days
- over 546 to 730 days 3% is paid out each 30 days
- over 731 to 1061 days 5% is paid out each 30 days
It’s unclear whether or not returns are paid out in WCRU or USDU.
Residual Commissions
EvoRich pays residual commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned straight below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
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.
Residual commissions are paid out as a share of funds invested in WCRU throughout the unilevel staff.
What number of ranges residual commissions are paid out on is decided by an affiliate’s rank:
- Companions earn 8% on degree 1 (personally recruited associates), 5% on degree 2 and three% on degree 3
- Brokers earn 8% on degree 1, 7% on degree 2, 4% on degree 3 and three% on degree 4
- Consultants earn 8% on degree 1, 7% on degree 2, 5% on degree 3, 4% on degree 4, 3% on degree 5 and a pair of% to three.5% on ranges “6 and extra”
- Managers earn 8% on degree 1, 7% on degree 2, 5% on degree 3, 4% on degree 4, 3% on degree 5 and 4% to five.5% on “ranges 6 and extra”
- Chief Managers earn 8% on degree 1, 7% on degree 2, 5% on degree 3, 4% on degree 4, 3% on degree 5 and 6% to 7% on “ranges 6 and extra”
- High Managers earn 8% on degree 1, 7% on degree 2, 5% on degree 3, 4% on degree 4, 3% on degree 5 and seven.4% to 7.8% on “ranges 6 and extra”
- Vice Presidents earn 8% on degree 1, 7% on degree 2, 5% on degree 3, 4% on degree 4, 3% on degree 5 and eight.2% to eight.6% on “ranges 6 and extra”
- Presidents earn 8% on degree 1, 7% on degree 2, 5% on degree 3, 4% on degree 4, 3% on degree 5 and 9.1% to (share quantity blocked in presentation) on “ranges 6 and extra”
Whether or not “ranges 6 and extra” goes right down to infinity or is a generational bonus is unclear.
Rank Achievement Bonuses
EvoRich seems to have Rank Achievement Bonuses. They weren’t disclosed in my major compensation supply materials however I did come throughout them in restricted time promotional materials.
Because of the restricted time nature of that content material, I’m unsure if the bonuses are at all times provided.
Dividends
Upon reaching $10 billion invested into CRU, EvoRich is touting a 12% to 35% “dividend” paid to buyers:
Goal Asset Degree is $ 10,000,000,000 or extra From 12 until 35% is deliberate for dividends Token holders will vote to find out the share of revenue payable on dividends.
The ridiculous quantities are harking back to SkyWay Capital’s authentic 22% a month Ponzi ROI supply.
Becoming a member of EvoRich
EvoRich affiliate membership is tied to funding into WCRU.
From the advertising displays I’ve seen, the present minimal WCRU funding quantity seems to be 30.
What that equates to in USD relies on company-wide funding, which isn’t publicly disclosed.
Conclusion
Like Skyway Capital, EvoRich is shaping as much as be one other convoluted Ponzi mess. If it isn’t already.
One my sources for this evaluate was a November twenty ninth presentation by Andrew Twelftree.
Twelftree is a middle-aged Australian divorcee now dwelling within the Philippines.
He’s been round for the reason that Skyway Capital days (joined ~2 years in the past), and cites himself as an EvoRich President and Ambassador Council Member.
In a nutshell, Twelftree has been making a dwelling over the previous two years by convincing folks to put money into CRU/WCRU.
Twelftree promotes EvoRich by pushing banking conspiracy theories, a typical Ponzi advertising angle (quoted verbatim):
Now in the event you’ve ever thought that the federal government and the banks truly need you to fail, you’re most likely proper.
They don’t profit out of your succeeding. They wish to maintain you in debt and in want.
What do you suppose the (COVID-19) lock downs are over? Hmm huge query there.
Previous to his involvement in Skyway Capital, NEEW and now EvoRich, Twelftree was a disgruntled building employee.
To be clear no matter what you consider conventional banking and governments, that isn’t a justification for Ponzi schemes.
Additionally implying that pandemic lock downs are a part of some conspiracy to maintain folks in debt, with a Ponzi scheme pushed as the one out, is despicable.
As late as November 2020 CRU was nonetheless being promoted. I’m unsure if Khovratov forked CRU to create WCRU, or they simply ran the shitcoin script to generate a brand new coin.
The entire EvoRich shit tokens are run off the EOS blockchain (suppose ethereum and ERC-20). These are trivial to arrange and create and will be finished on demand.
At current there are 4 EvoRich shit tokens I’m conscious of; CRU/WCRU, UNTB and CryptoUnit USDU.
CRU/WCRU has been the principle focus and was launched in 2018. It has a mushy cap of 80 billion tokens.
Andrey Khovratov creates WCRU on demand by means of Cryptounit Inc, a shell firm supposedly included within the British Virgin Islands.
EvoRich’s advertising materials states:
One token of CRYPTOUNIT (WCRU) is the same as one share of Cryptounit Inc. BVI.
Unit Token of Blockchain or UNTB seems to be a latest addition and features as a stablecoin (missed “CruDollar” or CRUD branding alternative there).
For no matter purpose (an atrocious title?), EvoRich deserted UNTB and issued USDU instead.
EvoRich claims “every USDU coin is backed by the US greenback” however offers no verifiable proof. One other bullshit Skyway advertising declare to throw on the pile.
The explanation EvoRich doesn’t pay out in precise cash is as a result of, like CRU and WCRU, UNTB prices Kharatov little to nothing to generate on demand.
USDU is simply value $1 a chunk so long as EvoRich needs to pay withdrawal requests by means of their inner alternate.
Getting again to Andrew Twelftree, in his November 2020 presentation he claims WCRU is “about to launch” on a public alternate.
Virtually two months later, so far as I can inform that hasn’t occurred.
Even when it did although, it simply supplied Khovratov the general public alternate exit-scam route. Public buying and selling of a shitcoin works out properly for admins and prime promoters.
Not a lot for buyers left holding the bag.
In line with Twelftree, UGPay Group AG is made up of “sixty firms” and was lately ‘revalued at $15.132 billion valuation’.
Naturally, particular particulars aren’t supplied.
Twelftree additionally claims;
[3:48] The due diligence course of simply bought a complete bunch simpler as a result of we at the moment are SEC regulated. Very thrilling.
That is acknowledged to suggest that EvoRich, by means of UGPay Group AG, is registered to supply securities within the US.
That is essential as a result of, in Twelftree’s personal phrases, EvoRich is providing securities;
[8:56] Only for holding these tokens, you earn month-to-month earnings.
The extra you maintain, the larger the earnings.
Right here’s the factor, whereas UGPay Group AG is registered with the SEC, it’s meaningless.
Right here’s why:
- As beforehand talked about, UGPay Group AG is a Swiss shell firm, it doesn’t exist outdoors of a entrance for EvoRich funding;
- The securities providing is registered by means of EvoRich, which isn’t registered with the SEC;
- UGPay Group has made one August twenty seventh submitting with the SEC, a Discover of Exempt Providing of Securities.
There is no such thing as a point out of EvoRich or its CRU/WCRU funding alternative wherever in UGPay Group AG’s filings.
Which means that UGPay Group AG having registered with the SEC is meaningless. EvoRich just isn’t registered to supply securities within the US, or wherever else on the earth.
UGPay Group AG hasn’t disclosed its Ponzi scheme as a result of, even for a Russian nationwide, disclosing a Ponzi scheme to the SEC isn’t a sensible concept.
Not that the SEC couldn’t launch its personal investigation, however stepping into hypotheticals I can’t verify both method is pointless.
Additionally not disclosed in UGPay Group AG’s filings is any of the ridiculous exterior income claims made.
As an alternative of appropriately disclosing it as a Skyway Capital Ponzi spinoff, the narrative is that partnership between Skyway Capital and NEEW got here to an finish.
After Skyway Capital the brand new advertising ruse to pitch EvoRich is Innovation Basalt Know-how.
Innovation Basalt Know-how’s web site area (“ecobasalt.eu”) was registered in September 2019, by means of a Polish tackle.
The corporate’s web site receives no site visitors and is hosted within the Ukraine.
Final I bear in mind Skyway Capital was pushing some nonsense about house trains. It appears Andrey Khovratov goes to mimick Yunitskiy in arising with periodic advertising ruses.
Seeing as Khovratov was a Skyway govt, that shouldn’t come as a shock.
All in all whereas EvoRich is build up simply as a lot a convoluted historical past as Skyway Capital, at its core it’s simply one other MLM crypto shit token Ponzi.
When Khovratov and pals determine to money out, it’s over.
Like Skyway Capital, the Ponzi math behind EvoRich ensures the vast majority of affiliate buyers will ultimately take a loss.
Replace 1st September 2021 – Andrew Twelftree has deleted the cited November twenty ninth video from his YouTube channel.
Replace third April 2022 – Andrew Khovratov has been arrested in Russia.