MetaProfit operates in the cryptocurrency MLM niche. The company represents it is based out of the country Georgia.
Arthur Dvali is presented as MetaProfit’s CEO:
Dvali’s MetaProfit corporate bio is laughably vague;
Arthur Dvali – like the visionary entrepreneurs like Mark Zuckerberg, Steve Jobs and Elon Musk, a college dropout but still managed to find success in Digital world.
He started seven years ago trading major cryptocurrencies, where he earned a decent amount of money.
His curiosity has grown, exploring blockchain technology, started investing and financing blockchain-related projects, by this time metaverse was created, he discovered its ability to change the future and began researching with his team.
Given a positive conclusion, Dvali decided to share his knowledge with people and help them generate income utilizing technology and created MetaProfit.
Dvali appears in two MetaProfit marketing videos. In both videos he reads a short script that doesn’t say much. The rest of MetaProfit’s marketing videos are the usual dubbed voice over stock footage affair.
Dvali doesn’t exist outside of blank social media profiles and MetaProfit’s own marketing. This makes him a prime Boris CEO candidate.
Last the month the Philippine SEC issued a MetaProfit securities fraud warning.
As per the warning, MetaProfit is “involved the sale of securities to the public”.
The Securities Regulation Code (SRC) requires that these securities are duly registered and that the concerned corporation and/or its agents have the appropriate registration and/or license to sell such securities.
The records of the Commission show that METAPROFIT is not registered with the Commission either as a corporation or as a partnership.
Further, it is NOT AUTHORIZED to solicit investments from the public.
MetaProfit’s website domain (“metaprofit.pro”), was privately registered on December 12th, 2021.
Typically Boris CEO schemes are the work of Russians and Ukrainians. Those tend to have a bit higher production value though.
If we look at MetaProfit’s official presentation, we learn it was created on “Carlo’s PC” back in January:
MetaProfit’s official PowerPoint presentation gives us a little more information:
Either prior to launching MetaProfit or after the Philippine SEC issued its warning, Carlo Bismonte began privating his social media profiles.
From his locked FaceBook profile however, we confirm Bismonte is based out of the Philippines:
The use of an Indian actor to play Arthur Dvali is explained on Bismonte’s private Instagram profile:
Here we learn Bismonte speaks Hindi.
When he’s not launching MLM crypto schemes, Bismonte can be found drumming on YouTube:
It should be obvious at this point that Bismonte is behind MetaProfit. And as opposed to Georgia, MetaProfit is being operated from the Philippines.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
MetaProfit has no retailable products or services.
Affiliates are only able to market MetaProfit affiliate membership itself.
MetaProfit’s Compensation Plan
MetaProfit affiliates invest $20 to $40,0000 in binance coin (BNB). This is done on the promise of a 1% daily return.
MetaProfit pays returns for 30 days, totaling a 130% ROI.
The MLM side of MetaProfit pays on BNB invested by recruited affiliates.
MetaProfit pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
MetaProfit caps payable unilevel team levels at twenty.
Referral commissions are paid as a percentage of BNB invested across these twenty levels as follows:
- level 1 (personally recruited affiliates) – 10%
- levels 2 to 20 – 0.5%
MetaProfit affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $20 investment in BNB.
After thirty days, reinvestment is required to continue earning.
MetaProfit is a simple smart-contract Ponzi scheme.
Metaprofit runs automatically on the blockchain and its smart contract is uploaded to the Binance blockchain.
You invest BNB, your BNB is stolen by earlier investors and you hope there’s subsequently invested BNB to steal after 30 days.
By continuing to operate MetaProfit despite the Philippine SEC’s warning, Carlo Bismonte runs the risk of criminal prosecution. Specifically twenty-one years in prison or a 5 million peso fine ($95,436 USD).
Promoters of MetaProfit in the Philippines also run the risk of prosecution.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve MetaProfit of ROI revenue, eventually causing a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.