Laetitude supplies no info on its web site about who owns or runs the corporate.
Laetitude’s web site area (“laetitude.com”) was privately registered on February twenty third, 2020.
Additional analysis reveals David El Dib (proper) citing himself as Laetitude’s founder on LinkedIn.
El Dib is a former BitClub Community scammer. El Dib traveled with BitClub Community executives and spoke at BitClub Community promotional occasions.
The above screenshot is from a 2017 video of a BitClub Community occasion held in Spain.
El Dib (proper) shared the stage with BitClub Community founder and convicted pedophile, Russ Medlin.
The DOJ arrested three people related to BitClub Community in December 2019.
Russ Medlin was picked up in Indonesia seven months later. He was arrested on baby intercourse prices.
The DOJ allege BitClub Community was a $722 million greenback Ponzi scheme and have indicted 5 people.
Whether or not David El Dib is an individual of curiosity to US authorities is unclear.
In what is nearly actually not a coincidence, Stefan Stumpf is Laetitude’s “Worldwide Chief”.
Stumpf can be a former BitClub Community scammer:
David El Dib is initially from Austria. Sooner or later he fled to Dubai.
Dubai is a protected haven for scammers. It’s at the moment the MLM rip-off capital of the world.
Laetitude is run by means of the Spring7 FZ LLC, a shell firm purportedly included within the UAE.
Learn on for a full overview of Laetitude’s MLM alternative.
Laetitude’s Merchandise
Laetitude has no retailable services or products.
Associates are solely in a position to market Laetitude affiliate membership itself.
Laetitude’s Compensation Plan
Laetitude associates make investments as much as $50,000 in a crypto buying and selling bot on the expectation of a passive return.
Our bots have been developed over the previous three years by an professional staff of mathematicians, merchants and programmers.
The bots’ buying and selling methods are primarily based on novel algorithms which have by no means existed earlier than.
Our bots are totally automated, quick, exact and dependable.
How a lot Laetitude affiliate pays in membership charges dictates how a lot they will make investments:
- Enterprise – pay $500 and make investments as much as $5000
- Enterprise Professional – pay $1200 and make investments as much as $12,000
- Founder Particular – pay $3700 and make investments as much as $50,000
Laetitude’s compensation plan suggests the corporate retains 35% of returns generated.
The MLM aspect of Laetitude pays commissions on recruitment of associates.
Laetitude Affiliate Ranks
There are 9 affiliate ranks inside Laetitude’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – join as a Laetitude affiliate
- 1 Star – generate and keep $2000 in downline gross sales quantity each 30 days
- 2 Star – generate and keep $4000 in downline gross sales quantity each 30 days
- 3 Star – generate and keep $10,000 in downline gross sales quantity each 30 days
- 4 Star – generate and keep $30,000 in downline gross sales quantity each 30 days
- 5 Star – generate and keep $70,000 in downline gross sales quantity each 30 days and recruit and keep no less than one 1 Star ranked affiliate
- 6 Star – generate and keep $200,000 in downline gross sales quantity each 30 days and recruit and keep no less than one 2 Star ranked affiliate
- 7 Star – generate and keep $500,000 in downline gross sales quantity each 30 days and recruit and keep no less than one 3 Star ranked affiliate
- All Star – generate and keep $1,000,000 in downline gross sales quantity each 30 days and recruit and keep no less than one 4 Star ranked affiliate
Recruitment Commissions
Laetitude associates earn 10% on charges paid by personally recruited associates.
Residual Commissions
Laetitude pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, cut up into two sides (left and proper):
The primary degree of the binary staff homes two positions. The second degree of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary staff are crammed by way of direct and oblique recruitment of associates. Word there isn’t any restrict to how deep a binary staff can develop.
Residual commissions are paid as a proportion of affiliate membership charges paid throughout the binary staff.
- Enterprise tier associates earn a 9% residual fee fee
- Enterprise Professional and Founder Particular tier associates earn a ten% residual fee fee
Word {that a} weekly residual fee cap primarily based on rank additionally applies:
- Associates can earn as much as $500 per week in residual commissions
- 1 Stars can earn as much as $1000 per week in residual commissions
- 2 Stars can earn as much as $2000 per week in residual commissions
- 3 Stars can earn as much as $4000 per week in residual commissions
- 4 Stars can earn as much as $6000 per week in residual commissions
- 5 Stars can earn as much as $8000 per week in residual commissions
- 6 Stars can earn as much as $10,000 per week in residual commissions
- 7 Stars can earn as much as $15,000 per week in residual commissions
- 8 Stars can earn as much as $20,000 per week in residual commissions
Laetitude’s compensation materials states “the binary Bonus is paid out in actual time.”
Usually a residual binary fee is just paid out on quantity generated on one aspect of the binary staff. Whether or not that’s the case in Laetitude is unclear.
Matching Bonus
Laetitude pays a Matching Bonus on residual commissions earned by downline associates.
The Matching Bonus is tracked 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 instantly underneath 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.
Laetitude caps the Matching Bonus at eight unilevel staff ranges.
- degree 1 (personally recruited associates) – 10%
- degree 2 – 8%
- degree 3 – 6%
- ranges 4 and 5 – 4%
- ranges 6 to eight – 3%
What number of ranges an affiliate earns the Matching Bonus on is set by rank:
- 1 Stars earn the Matching Bonus on one unilevel staff degree
- 2 Stars earn the Matching Bonus on two unilevel staff ranges
- 3 Stars earn the Matching Bonus on three unilevel staff ranges
- 4 Stars earn the Matching Bonus on 4 unilevel staff ranges
- 5 Stars earn the Matching Bonus on 5 unilevel staff ranges
- 6 Stars earn the Matching Bonus on six unilevel staff ranges
- 7 Stars earn the Matching Bonus on seven unilevel staff ranges
- All Stars earn the Matching Bonus on eight unilevel staff ranges
Becoming a member of Laetitude
Full participation in Laetitude’s MLM alternative is offered at three price-points:
- Enterprise – $500
- Enterprise Professional – $1200
- Founder Particular – $2500
The first distinction between these tiers is earnings potential (funding limits).
Word that there’s additionally a free Laetitude affiliate membership possibility, nevertheless this has nothing to do with the MLM alternative.
Laetitude Conclusion
From somebody in mattress with BitClub Community’s administration, comes an identical crypto themed Ponzi scheme.
Laetitude makes use of the tried and trusted “buying and selling bot” Ponzi ruse, which is obtainable by means of Swapoo.
Word there’s Swapoo the crypto change and Swapoo the buying and selling bot platform. The buying and selling bot platform is housed at “swapoo.ai”.
We developed our bots with information gathered by means of years of buying and selling expertise and examined them towards a variety of crypto market circumstances.
The bots’ methods are primarily based on advanced, dynamic programing [sic] algorithms and use completely different digital high-tech engines to attain wonderful buying and selling outcomes.
The same old MLM crypto Ponzi bullshit.
Swapoo markets a 149.32% ROI, supposedly achieved throughout 2020. No audited monetary studies are supplied.
Swapoo represents it’s registered within the British Virgin Islands. This might be a meaningless shell firm incorporation.
Heading up Swapoo is CEO Dave Martin, who if I’m not mistaken relies out of the Philippines.
A flowchart I’ve seen ties Martin Backhausen, supposedly additionally a BitClub Community net-winner, to David El Dib and Dave Martin.
Backhausen can be primarily based within the Philippines, that a lot I used to be in a position to confirm.
Having a more in-depth take a look at Swapoo, it’s the “admins can’t contact our cash!” buying and selling mannequin. Which is after all bullshit.
When the time involves exit-scam, rigged trades are pushed by means of the bot, by means of which affiliate funds are transferred to admin accounts.
Moreover if two BitClub Community scammers really had a worthwhile buying and selling bot, they’d simply run it.
Our Bots are developed by a staff of mathematicians, merchants, programmers, and consultants on machine studying who use their collective experience to create and remodel a systematically organized physique of crypto buying and selling information into distinctive automated buying and selling bots.
Bots by no means cease, by no means sleep, by no means make errors. At all times working, they spend 24/7 precisely executing confirmed, rules-based methods, 100% of the time, to develop your portfolio.
No want for shell corporations in hidey-hole jurisdictions and pyramid scheme commissions.
On the regulatory entrance neither Laetitude or Swapoo are registered to supply securities in any jurisdiction. Which means that, at a minimal, Laetitude and Swapoo are committing securities fraud.
Serial scammers who is likely to be on the run from the legislation launching extra scams to steal more cash by means of. You know the way this ends.