O’Qubuss is being run in secret. That’s as a result of it’s probably a reboot of the twice collapsed IX Inversors Ponzi scheme.
A go to to O’Qubuss’ web site reveals a clean web page. Apparently the signup kind and backoffice are solely accessible with an O’Qubuss referral hyperlink.
That is an try to cover the scheme from authorities.
O’Qubuss’ web site area was privately registered on June twenty third 2022.
O’Qubuss advertising and marketing confirms ties to Alexander Hernandez:
Hernandez was CEO of the IX Inversors Ponzi scheme.
Launched in 2021, IX Inversors started to draw the eye of authorities in February 2022. Each Spain and Ecuador issued securities fraud warnings in opposition to the Ponzi scheme.
IX Inversors would finally go on to break down, with Hernandez framing it as a “liquidation”. This noticed the transient reboot of DIA, which was adopted by a fair briefer Hyperuincap reboot.
In March 2022 Ecuador escalated its investigation into IX Inversors and Hernandez.
The Superintendencia de Bancos had forwarded its findings to the Monetary and Financial Evaluation Unit (UAFE), with the purpose of additional investigating cash laundering and monetary crimes.
That noticed IX Inversors, DIA and Hyperuincap formally collapse. Properly, not less than till Hernandez resurfaced in June with O’Qubuss.
Hernandez, initially from Ecuador, is believed to have fled the nation. His present whereabouts and standing are unknown.
Like its predecessors, O’Qubuss is primarily being promoted throughout Latin America.
O’Qubuss scammers are primarily recruiting buyers by means of shady WhatsApp and Telegram teams:
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
O’Qubuss’ Merchandise
O’Qubuss has no retailable services or products.
Associates are solely capable of market O’Qubuss affiliate membership itself.
O’Qubuss’ Compensation Plan
O’Qubuss associates make investments USD equivalents in cryptocurrency. That is completed on the promise of a 200% ROI.
O’Qubuss solicits funding throughout XX plans:
- Starter 100 – $100
- Starter 300 – $300
- Starter 500 – $500
- Entrepreneur 1000 – $1000
- Entrepreneur 2000 – $2000
- Entrepreneur 3000 – $3000
- Govt 5000 – $5000
- Govt 10,000 – $10,000
- Govt 20,000 – $20,000
- Grand Investor 30,000 – $30,000
- Grand Investor 40,000 – $40,000
- Grand Investor 50,000 – $50,000
Any commissions earned by means of O’Qubuss’ MLM alternative depend in the direction of the 200% ROI.
As soon as 200% of an invested quantity is reached, reinvestment is required to proceed incomes.
The MLM aspect of O’Qubuss pays on recruitment of affiliate buyers
O’Qubuss pays referral commissions on invested funds down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 6%
- stage 2 – 4%
- stage 3 – 2%
Rank Bonuses
O’Qubuss rewards associates for convincing others to speculate with the next one-time Rank Bonuses:
- Enterprise Knowledgeable – persuade others to speculate $600,000 and obtain a recognition pin and tickets to an “worldwide occasion”
- Enterprise Supervisor – persuade others to speculate $1,200,000 and obtain “VIP Academy Buying and selling Professional” membership (what that is isn’t disclosed)
- Legend – persuade others to speculate $2,000,000 and obtain a 5 days, 4 nights bills paid journey to Punta Cana within the Dominican Republic
Observe that solely preliminary funding tracked throughout three ranges counts in the direction of Rank Bonuses.
Becoming a member of O’Qubuss
O’Qubuss affiliate membership is free.
Full participation within the hooked up earnings alternative nevertheless requires a $100 to $50,000 funding.
O’Qubuss solicits funding in bitcoin, binance coin, binance USD, tether and inokbiss.
Conclusion
Again in March Ecuadorian media reported on 1000’s of IX Inversors in Ecuador having misplaced a ton of cash. It’s the identical story in each nation IX Inversors was promoted in.
O’Qubuss, formally the third reboot of the Ponzi scheme, is extra of the identical.
Early on you’ll have serial scammers who made cash in IX Inversors, DIA and Hyperuincap. They’ll convey alongside victims hoping to recoup their losses.
When these simple pickings have been milked, O’Qubuss’ web site will then be opened to the general public.
That’s if Ecuador’s investigation doesn’t shut Alexander Hernandez down first. Regulation of MLM Ponzi schemes does occur in Latin America however tends to be spotty.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve O’Qubuss of ROI income, finally prompting one other collapse.
As we’ve seen with IX Inversors, DIA and Hyperuincap, the vast majority of members in Ponzi schemes lose cash.