Richway GAM supplies no info on its web site about who owns or runs the corporate.
Richway GAM’s web site area (“richwaygam.com”) was privately registered on October eleventh, 2019.
In an try to seem official, Richway GAM supplies a UK company tackle and incorporation quantity on their web site.
The incorporation quantity corresponds with “Richway World Asset Administration”, which was included on Might twelfth, 2020.
UK incorporation is dust low cost and successfully unregulated. It’s a favored jurisdiction for scammers trying to incorporate dodgy corporations.
For the aim of performing MLM due-diligence, UK incorporation is meaningless.
On the time of publication Alexa ranks the US as the highest supply of site visitors to Richway GAM’s web site (62%).
As at all times, if an MLM firm just isn’t overtly upfront about who’s operating or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
Richway GAM’s Merchandise
Richway GAM has no retailable services or products, with associates solely capable of market Richway GAM affiliate membership itself.
Richway GAM’s Compensation Plan
Richway GAM associates make investments funds on the promise of a 2.1% to three.5% every day ROI.
- make investments $20 to $499 and obtain 2.1% a day
- make investments $500 to $999 and obtain 2.5% a day
- make investments $1000 to $4999 and obtain 3% a day
- make investments $5000 to $50,000 and obtain 3.5% a day
There doesn’t seem like a time period restrict on Richway GAM funding, nonetheless associates are penalized in the event that they withdraw inside the first 45 days.
Referral commissions on invested funds are paid out down three ranges of recruitment (unilevel):
- 6% on degree 1 (personally recruited affilates)
- 2% on degree 2
- 1% on degree 3
Becoming a member of Richway GAM
Richway GAM affiliate membership is free.
Full participation within the connected earnings alternative nonetheless is tied to a minimal $20 funding.
Richway GAM solicits funding in USD, bitcoin, ethereum and litecoin.
Conclusion
Richway GAM represents it generates exterior income by way of buying and selling.
Foreign currency trading, cryptocurrency transactions on change fee variations and start-up financing are all the principle avenues by way of which we generate earnings.
No proof of buying and selling is offered. Neither is there proof of Richway GAM utilizing exterior income of any type to pay ROI withdrawals.
Because it stands the one verifiable income getting into Richway GAM is new funding.
Utilizing new funding to pay associates a every day return makes Richway GAM a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies out so too will new funding.
This can starve Richway GAM of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of contributors lose cash.