Etsy themed “click a button” app Ponzi

/ Frauds, MLM Reviews / By


Let’s Yarn offers no credible data on its web site about who owns or runs the corporate.

Instead of precise firm possession data, Let’s Yarn offers company data for Etsy. This data is copied from Etsy’s Wikipedia entry.

Let’s Yarn’s web site area (“letsyarn.com”), was first registered in 2019.

The registration was final up to date with bogus particulars on March fifteenth, 2022. I consider that is when the present proprietor(s) took possession of the area.

if we check out Let’s Yarn’s web site source-code, we are able to see localization is ready to Chinese language:

This strongly suggests whoever is operating Let’s Yarn has ties to China.

SimilarWeb ranks high sources of visitors to Let’s Yarn’s web site as Switzerland (75%), Russia (6%) and Belarus (5%).

As at all times, if an MLM firm isn’t overtly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.

Let’s Yarn’s Merchandise

Let’s Yarn has no retailable services or products.

Associates are solely in a position to market Let’s Yarn affiliate membership itself.

Let’s Yarn’s Compensation Plan

Let’s Yarn associates make investments tether on the promise of day by day returns.

To qualify for day by day returns, Let’s Yarn associates should log in to the corporate’s app and click on a button. The extra a Let’s Earn affiliate invests, the extra instances they should click on the button every day.

Recruitment can be required for bigger funding quantities:

  • make investments 1 to 499 USDT and obtain 0.26 USDT per button clicked (max 50 button clicks a day)
  • make investments 500 to 1999.99 USDT and obtain 0.28 UDST per button clicked (max 55 button clicks a day), should additionally recruit 5 associates
  • make investments 2000 to 4999.99 USDT and obtain 0.30 USDT per button clicked (max 60 button clicks a day), should additionally recruit ten associates
  • make investments 5000 to 9999.99 USDT and obtain 0.32 USDT per button clicked (max 70 button clicks a day), should additionally recruit eighteen associates

The MLM facet of Let’s Yarn pays on recruitment of affiliate buyers.

Referral Commissions

Let’s Yarn pays referral commissions on USDT invested by associates.

Referral commissions are paid down three ranges of recruitment (unilevel):

  • stage 1 (personally recruited associates) – 16%
  • stage 2 – 8%
  • stage 3 – 4%

New Consumer Bonus

The New Consumer Bonus rewards associates with an extra proportion on private recruitment:

  • recruit an affiliate who invests 30 USDT and obtain 1.88 USDT
  • recruit an affiliate who invests 100 USDT and obtain 3.88 USDT
  • recruit an affiliate who invests 500 USDT and obtain 8.88 USDT
  • recruit an affiliate who invests 2000 USDT and obtain 38.88 USDT
  • recruit an affiliate who invests 10,000 USDT and obtain 188.88 USDT

Becoming a member of Let’s Yarn

Let’s Yarn affiliate membership is free.

Full particpation within the connected revenue alternative requires funding in tether.

Let’s Yarn Conclusion

Whereas we’ve seen “click on a button” app Ponzis characterize they’ve partnerships with reputable corporations, Let’s Yarn falsely represents it is Etsy.

I don’t assume I want to clarify why that’s nonsensical.

The “click on a button” ruse behind Let’s Yarn’s Ponzi is clicking a button generates Etsy orders. And this someway interprets into income to pay returns with.

That is in fact baloney. All Let’s Yarn are doing is recycling invested funds to pay returns.

Let’s Yarn is a part of a bunch of “click on a button” app Ponzis launched over the previous few months.

So far BehindMLM has documented:

  • COTP – pretended associates clicking a button generated buying and selling exercise, collapsed Might 2022
  • EthTRX is the same app-based Ponzi, with the day by day job element disabled
  • Yu Klik – pretends clicking a button generates buying and selling exercise, focusing on Indonesia
  • KKBT – pretended clicking a button generates crypto mining income, focused South Africa and India & collapsed early June 2022
  • EasyTask 888 – pretends clicking a button was tied to social media manipulation (YouTube likes), targets Colombia
  • DF Finance – pretended clicking a button generated “buy knowledge” which was bought to ecommerce platforms, collapsed June 2022
  • Shared989 – pretended clicking a button was tied to social media manipulation (YouTube likes and many others.), collapsed June 2022
  • 86FB – pretended clicking a button was tied to playing on soccer match outcomes, collapsed April 2022
  • 0W886 – pretended clicking a button was tied to playing on soccer match outcomes, collapsed Might 2022
  • U91 – pretended clicking a button was tied to playing on soccer match outcomes, collapsed Might 2022
  • 365Ball – pretends clicking a button is tied to playing on soccer match outcomes, (has collapsed a number of already)
  • YLCH Soccer – pretends clicking a button is tied to playing on soccer match outcomes
  • Parkour – pretends clicking a button is tied to social media manipulation (YouTube likes and many others.)
  • OTCAI – pretended associates clicking a button generated buying and selling exercise, collapsed Might 2022
  • N9 Soccer – pretended associates clicking a button was tied to playing on soccer match outcomes, collapsed Might 2022
  • Tron.BI – pretends associates clicking a button was tied to TRX cloud mining
  • EFG Soccer – pretended associates clicking a button was tied to playing on soccer match outcomes, collapsed Might 2022
  • GP Soccer – pretended associates clicking a button was tied to playing on soccer match outcomes, collapsed Might 2022
  • Fortunate Soccer, pretended associates clicking a button was tied to playing on soccer match outcomes, collapsed Might 2022
  • WT91 – pretends associates clicking a button is tied to playing on soccer match outcomes
  • Mars Soccer – pretends associates clicking a button is tied to playing on soccer match outcomes
  • MC Soccer – pretends associates clicking a button is tied to playing on soccer match outcomes
  • PerRank – pretended associates clicking a button generated orders for ecommerce companions, collapsed June 2022
  • Zpmxcfe – pretends clicking a button is tied to social media manipulation (YouTube likes and many others.)

All of the current app-based job Ponzis seem like launched by the identical group of scammers.

Primarily based on the usage of simplified Chinese language, I think the group are working out of China or Singapore.