International Sponsorship Community, generally abbreviated as “GSN”, gives no firm possession or administration data on its web site.
GSN’s web site area (“mygsn.com”) was first registered in 2012. The personal area registration was final up to date on June sixth, 2020.
Contemplating GSN promotion started after this date, that is probably when GSN’s house owners took possession of the area.
Additional analysis reveals two notable people tied to GSN promotion; Steve Chiang and Simon Le.
Steve Chiang is introduced as GSN’s CSO (Chief Gross sales Officer?).
Chiang popped up on BehindMLM’s radar in early 2019, as co-founder of the collapsed Nasgo/ShareNode Ponzi scheme.
Chiang was selling Nasgo/ShareNode within the US. Information of an SEC investigation into Nasgo broke final October. As of but nonetheless nothing additional has been made public.
As Nasgo/ShareNode was collapsing, Chiang fled the US for Singapore. He’s believed to have been laying low there till GSN’s launch on or round August.
Simon Le was a prime earner within the infamous OneCoin Ponzi scheme. Le is basically accountable for coordinating promotion of OneCoin throughout the US and Vietnam.
Le deserted OneCoin earlier this yr and went off to launch his personal clone, OneLink.
OneLink launched in April however flopped shortly after launch. The OneLink web site remains to be up however Le has in any other case scrubbed all promotional materials off the web.
Le’s function inside GSN isn’t disclosed. He’s presently internet hosting GSN company promotional occasions in Vietnam.
US authorities have indicted a number of OneCoin executives. As a prime earner in OneCoin with ties to administration, whether or not Le is needed by US authorities is unclear.
Given each Chiang and Le have expertise operating scams, and the absence of anybody else selling GSN, it’s a superb guess the 2 are operating GSN.
Learn on for a full evaluation of International Sponsorship Community’s MLM alternative.
International Sponsorship Community’s Merchandise
GSN has no retailable services or products, with associates solely in a position to market GSN affiliate membership itself.
International Sponsorship Community’s Compensation Plan
GSN associates make investments 500 or 1000 USDT for GDP at a 1:1 ratio. GDP is a nugatory shitcoin created by GSN on demand.
As soon as invested in, GDP is parked with GSN on the promise of returns as excessive as 30%.
Funding durations with GSN vary from seven to thirty days. The longer an affiliate leaves their USDT with GSN, the upper their return price.
In a single instance offered in GSN advertising and marketing, a 116% ROI is paid after 23 days:
Be aware that GSN pays returns in GDP.
GSN Affiliate Ranks
There are fourteen affiliate ranks inside GSN’s compensation plan.
Together with their qualification standards, they’re as follows:
- Sponsor – enroll as a GSN affiliate and make investments
- Professional – generate 60 investments in a single month throughout your personally recruited associates
- Bronze – generate 3 personally recruited Professional ranked associates
- Silver – generate 3 personally recruited Bronze ranked associates
- Gold – generate 3 personally recruited Silver ranked associates
- Platinum – generate 3 personally recruited Gold ranked associates
- President – generate 4 personally recruited Platinum ranked associates
- Government President – have 1 President or larger anyplace in your downline
- Senior Government President – have 2 Presidents or larger anyplace in your downline (one per leg)
- Worldwide Government President – have 3 Presidents or larger anyplace in your downline (one per leg)
- Chief Government President – have 4 Presidents or larger anyplace in your downline (one per leg)
- Chairmans Membership – have 5 Presidents or larger anyplace in your downline
- Government Chairmans Membership – have 7 Presidents or larger anyplace in your downline (one per leg)
- Senior Government Chairmans Membership – have 10 Presidents or larger anyplace in your downline (one per leg)
Residual Commissions
GSN’s residual commissions are tied to rank and paid month-to-month:
- qualify at Bronze and obtain $1000 a month
- qualify at Silver and obtain $2000 a month
- qualify at Gold and obtain $4000 a month
- qualify at Platinum and obtain $8000 a month
- qualify at President and obtain $20,000 a month
- qualify at Government President and obtain $25,000 a month
- qualify at Senior Government President and obtain $30,000 a month
- qualify at Worldwide Government President and obtain $35,000 a month
- qualify at Chief Government President and obtain $40,000 a month
- qualify at Chairmans Membership and obtain $100,000 a month
- qualify at Government Chairmans Membership and obtain $200,000 a month
- qualify at Senior Government Chairmans Membership and obtain $500,000 a month
Becoming a member of International Sponsorship Community
GSN affiliate membership is tied to a 500 to 1000 funding made in USDT.
A $20 transaction charge can also be charged.
Conclusion
International Sponsorship Community is an MMM International Ponzi clone.
MMM International pitched itself as “cash transfers between personal individuals”. GSN pitches itself as a “world micro lending platform”.
MMM International solicited funding underneath the guise of “offering and getting assist”. GSN makes use of “offering and getting sponsorship”.
MMM International used Mavro Ponzi factors. GSN makes use of GDP Ponzi factors.
The identical 30% a month ROI is obtainable, which equates to 1% a day.
As an alternative of paying straight stage commissions, GSN does differentiate itself by tying residual fee to rank.
These ranks are tied to recruitment and recruitment funding, so so far as the move of cash goes there is no such thing as a distinction.
MMM International’s commissions have been paid out of recruitment derived funding. So too are GSN’s residual commissions.
Collectively GSN’s 30% month-to-month returns and rank recruitment month-to-month commissions create a Ponzi pyramid hybrid.
The necessary factor to notice right here is that returns are solely realized when withdrawals are made. GSN can solely pay withdrawals so long as invested USDT doesn’t exceed company-wide withdrawal requests.
As soon as withdrawals exceed the speed of invested USDT (this inevitably occurs in each Ponzi scheme), GSN heads in the direction of collapse.
GSN doesn’t specify the way it plans to exit-scam, nonetheless from the Ponzi factors mannequin used we all know there are solely two choices:
- GDP will probably be dumped on a couple of dodgy exchanges and GSN administration will disappear; or
- GSN administration will skip the public-exchange dump and simply disappear.
In each situations nearly all of GSN associates lose cash. That is unavoidable Ponzi math.
In an try to look professional, the “authorized” part of GSN’s web site claims “GSN Applied sciences Inc.” has a Cash Providers Enterprise license (MSB).
MSBs are processed by FinCen and GSN Applied sciences is certainly is registered for an MSB.
So far as regulatory due-diligence goes nonetheless, that is meaningless.
GSN’s MSB submitting was made with a digital deal with in Denver, Colorado. FinCen don’t confirm the data and MSB registrations could be electronically filed.
Extra importantly, an MSB license doesn’t allow GSN, Steve Chiang or Simon Le to supply securities within the US.
An MSB solely covers the switch of cash. It has nothing to do with MLM firms providing passive funding alternatives.
With the intention to function legally within the US, GSN must register with the SEC.
Neither GSN, Steve Chiang or Simon Le are registered with the SEC. Which means along with Ponzi and pyramid fraud, GSN is committing securities fraud.
GSN isn’t registered to supply securities in any jurisdiction, which means the corporate operates simply as illegally the world over.
The rationale for that is easy: GSN is a Ponzi scheme that shuffles newly invested funds round to pay current buyers.
To summarize; International Sponsorship Community is a Ponzi rip-off run by serial scammers.
To verify how GSN will finish, look no additional than Steve Chiang’s involvement in Nasgo and Sharenode. For Simon Le it’s OneCoin and his short-lived OneLink Ponzi clone.
OneCoin alone is accountable for over $4 billion in investor losses.
Replace twenty fourth July 2021 – International Sponsorship Community has collapsed, twice. A 3rd reboot was introduced by Steve Chiang in late Might.
Behind MLM revealed a GSN 3.0 evaluation on July twenty fourth, 2021.