Though Gelios Commerce has gone to some effort to current an govt workforce on their web site, there’s an enormous query mark over the legitimacy of the knowledge supplied.
Gelios Commerce claims to be headed up by William Svensson, supposedly a Norwegian
investor, philanthropist, supervisor of a hedge fund and a wide variety of monetary providers for personal people.
His hedge fund, Gelios investering entrance, an asset administration group with its headquarter in Lillehammer, Norway, was established in 2001.
Hassle is, outdoors of Gelios Commerce’s web site and advertising and marketing materials, Svensson doesn’t exist.
Gelios Commerce’s advertising and marketing materials is fronted by “Kristian Berg”, who additionally doesn’t exist outdoors of the corporate.
In Gelios Commerce advertising and marketing movies, Berg may be seen touring what seems to be a rented workplace area.
Gelios Commerce claims the area is in Dublin, Eire – but everybody within the video, together with Berg, has a particular japanese European accent.
Maybe essentially the most concrete instance I can provide you that one thing is up is Berg’s interview with “Thomas”, supposedly Gelios Commerce’s “most skilled” dealer.
Within the footage above, the next trade performs out:
Berg: Hello once more Thomas. Inform me, how outdated are you?
Thomas: I’m thirty-two years outdated.
Berg: Okay, and the way lengthy have you ever been buying and selling at Gelios?
Thomas: I’ve been buying and selling at Gelios since 2011.
Via the Wayback Machine, I can affirm that up till late 2018 the “gelios.com” area was on the market ($3750 USD asking worth).
The Gelios Commerce web site area registration was final up to date in February 2019, which is when the present homeowners took possession of it.
Gelios Commerce as represented on their web site didn’t exist up till just a few months in the past.
And if you happen to scroll as much as the quoted textual content from Gelios Commerce’s web site in the beginning of this overview, you’ll notice the corporate claims to have been based i 2001.
Clearly this founding date, the staged “workplace tour” and govt data supplied on Gelios Commerce’s web site are full baloney.
Whoever is definitely operating Gelios Commerce doesn’t need you to know who they’re.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Gelios Commerce’s Merchandise
Gelios Commerce has no retailable services or products, with associates solely capable of market Gelios Commerce affiliate membership itself.
Gelios Commerce’s Compensation Plan
Gelios Commerce solicits funding on the promise of marketed passive returns.
Funding plans supplied by Gelios Commerce cowl USD, bitcoin and ethereum.
USD Funding Plans
- make investments $100 or extra and obtain a 110% ROI after 20 days
- make investments $600 or extra and obtain a 121.9% ROI after 30 days
- make investments $1500 or extra and obtain a 148.4% ROI after 40 days
- make investments $4000 or extra and obtain a 176% ROI after 50 days
- make investments $7000 or extra and obtain a 202% ROI after 60 days
- make investments $12,000 or extra and obtain a 208% ROI after 60 days
- make investments $21,000 or extra and obtain a 205.05% ROI after 55 days
- make investments $50,000 or extra and obtain a 205% ROI after 50 days
Bitcoin Funding Plans
- make investments 0.1 BTC or extra and obtain a 108% ROI after 10 days
- make investments 0.2 BTC or extra and obtain a 116.95% ROI after 15 days
- make investments 0.5 BTC or extra and obtain a 128.6% ROI after 20 days
- make investments 1 BTC or extra and obtain a 145.25% ROI after 25 days
- make investments 3 BTC or extra and obtain a 167.8% ROI after 30 days
- make investments 7 BTC or extra and obtain a 208.4% ROI after 40 days
- make investments 10 BTC or extra and obtain a 295.25% ROI after 55 days
Ethereum Funding
- make investments 4 ETH or extra and obtain a 108% ROI after 10 days
- make investments 8 ETH or extra and obtain a 116.95% ROI after 15 days
- make investments 18 ETH or extra and obtain a 128.6% ROI after 20 days
- make investments 36 ETH or extra and obtain a 145.25% ROI after 25 days
- make investments 108 ETH or extra and obtain a 167.8% ROI after 30 days
- make investments 252 ETH or extra and obtain a 208.4% ROI after 40 days
- make investments 360 ETH or extra and obtain a 295.25% ROI after 55 days
Observe that day by day returns are paid out Monday via Friday.
Referral Commissions
Gelios Commerce pays referral commissions by way of 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 underneath 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.
Gelios Commerce caps payable unilevel workforce ranges at 9.
Referral commissions are paid out as a share of funds invested throughout these 4 ranges as follows:
- enroll as a Gelios Commerce affiliate and obtain 5% on degree 1 (personally recruited associates) and three% on degree 2
- generate $5000 in unilevel workforce funding quantity and obtain 6% on degree 1, 3% on degree 2 or 1% on degree 3
- generate $20,000 in unilevel workforce funding quantity and obtain 7% on degree 1, 3% on degree 2, 2% on degree 3 and 1% on degree 4
- generate $100,000 in unilevel workforce funding quantity and obtain 7% on degree 1, 4% on degree 2, 3% on degree 3, 2% on degree 4 and 1% on degree 5
- personally make investments $20,000 and generate $300,000 in unilevel workforce funding quantity and obtain 8% on degree 1, 5% on degree 2, 4% on degree 3 and a pair of% on ranges 4 to six
- personally make investments $70,000 and generate $1,000,000 in unilevel workforce funding quantity and obtain 9% on degree 1, 6% on degree 2, 3% on ranges 3 and 4 and a pair of% on ranges 5 to 7
- personally make investments $150,000 and generate $2,000,000 in unilevel workforce funding quantity and obtain 10% on degree 1, 7% on degree 2, 6% on degree 3, 2% on ranges 4 to six and 1% on ranges 7 and eight
- personally make investments $300,000 and generate $4,000,000 in unilevel workforce funding quantity and obtain 10% on degree 1, 8% on degree 2, 7% on degree 3, 6% on degree 4, 4% on ranges 5 and 6, 2% on degree 7 and 1% on ranges 8 and 9
Though not explicitly clarified, I imagine funding quantities cowl their equal in bitcoin and ethereum.
Becoming a member of Gelios Commerce
Gelios Commerce affiliate membership is free, nevertheless free associates can solely earn referral commissions down two ranges of recruitment.
Full participation in Gelios Commerce’s MLM alternative requires a minimal $300,000 funding.
Conclusion
Gelios Commerce represents it generates exterior income via GeliosSelect, which it refers to as “the most effective world buying and selling platform.”
GeliosSelect is a completely automated buying and selling and funding service which permits Gelios shoppers to spend money on a variety of funding and buying and selling methods immediately from their private account.
The issue isn’t any proof of buying and selling income being generated or used to pay associates with is supplied.
As a substitute it’s the identical outdated social media advertising and marketing movies with graphs on monitor screens, and actors scribbling on notepads.
With the intention to function legally, Gelios Commerce must register its passive funding alternative with monetary regulators.
Gelios Commerce fails to supply proof it has registered with a monetary regulator in any jurisdiction.
This equates to securities fraud, which means Gelios Commerce is working illegally the world over.
Moreover Gelios Commerce’s enterprise mannequin fails the Ponzi logic check.
If Gelios Commerce’s precise proprietor was capable of legitimately generate a constant 3.55% day by day return, why share returns with randoms over the web?
Protecting in thoughts Gelios Commerce didn’t exist up till February this 12 months, even a modest funding compounded at 3.55% a day over the previous six months would have grown right into a fortune by now.
But right here we’re.
Additional supporting Gelios Commerce not doing what they are saying they’re doing is the truth that US buyers are banned.
Do you settle for shoppers from the USA?
Sadly, our actions don’t regulate within the US, so we can’t open accounts for US residents and residents.
Neither buying and selling or providing passive returns is prohibited within the US, supplied you register with the SEC.
Broadly thought of essentially the most stringent jurisdiction for securities regulation on the planet, the one purpose an MLM firm bans participation from the US is that if their claims wouldn’t maintain as much as regulatory scrutiny.
With new funding being the one verifiable income coming into Gelios Commerce, it stands to purpose the corporate is working as a Ponzi scheme.
Executives that don’t exist, dodgy actor advertising and marketing movies, buying and selling returns that make no sense… who precisely is Gelios Commerce aimed toward?
Sadly Gelios Commerce seems to be the identical outdated story of European scammers concentrating on gullible Asians.
On the time of publication Alexa pegs Japan as the biggest supply of site visitors to Gelios Commerce’s web site (59%), adopted by Vietnam (7%) and Mexico (6%).
Advertising and marketing movies on Gelios Commerce’s official YouTube channel reveal the corporate can be actively concentrating on China and Vietnam.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Gelios Commerce of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of individuals lose cash.