Seedchange offers no data on its web site about who owns or runs the enterprise.
What data Seedchange does present is full baloney.
Seedchange claims to be
an funding platform that was established in 2012 in San Francisco.
Securities are provided by way of Seedchange Execution Companies, Inc., a broker-dealer registered with the SEC USA and FINRA | SIPC.
Seedchange’s web site area (“scinvesting.com”) was first registered in 2014. The registration was final up to date on October thirty first, 2020.
I imagine Seedchange’s proprietor(s) took possession of the area on or round early October (could possibly be way back to March 2020).
A search of the SEC’s Edgar database reveals Seedchange Execution Companies has been registered with the SEC since 2014.
Seedchange Execution Companies claims to be “have interaction(d) within the advertising and marketing and sale to accredited buyers of securities issued by early stage know-how firms”.
The final public report filed by Seedchange Execution Companies was on June third, 2019. The report particulars $145,975 in losses for the 12 months ended March 31, 2019.
There may be nothing about Seedchange’s new funding scheme in Seedchange Execution Companies’ filings.
So far as I can inform Seedchange Execution Companies has nothing to do with Seedchange the funding scheme.
That is confirmed in an October twenty ninth client alert, issued by the California Division of Monetary Safety and Innovation;
DFPI has acquired data that the web site SCinvesting.com is advertising and marketing itself as licensed Dealer-Seller Seedchange Execution Companies Inc., or Seedchange (CRD quantity 165587).
The web site is utilizing the title, deal with, iconography, and web site template of Seedchange, and will probably offer investments in violation of California regulation.
Somebody has merely registered a website and plagiarized Seedchange Execution Companies’ to characterize a newly created firm.
Given this, it’s a protected wager all data supplied on Seedchange’s web site is bogus.
As all the time, if an MLM firm will not be brazenly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Seedchange’s Merchandise
Seedchange has no retailable services or products, with associates solely in a position to market Seedchange affiliate membership itself.
Seedchange’s Compensation Plan
Seedchange associates make investments funds on the promise of marketed returns.
- Auric Vitality – make investments $100 or extra and obtain 0.5% a day for 285 days
- JMW Farms – make investments $200 or extra and obtain 0.5% a day for 290 days
- Serene Fishing Firm – make investments $2000 or extra and obtain 0.6% a day for 255 days
- XT Vitality – make investments $5000 or extra and obtain 0.7% a day for 230 days
- Energeotek – make investments $8000 or extra and obtain 1% a day for 170 days
- Legacy Measurement Options – make investments $10,000 or extra and obtain 1.1% a day for 165 days
- St. Nicholas Court docket Farms – make investments $18,000 or extra and obtain 1.3% a day for 147 days
- Lakes Oil NL – make investments $20,000 or extra and obtain 1.3% a day for 143 days
- Tempus Utilized Options – make investments $30,000 or extra and obtain 1.5% a day for 147 days
- Brightrock Gold Company – make investments $50,000 or extra and obtain 1.8% a day for 155 days
Seedchange pays referral commissions on invested funds down two ranges of recruitment (unilevel):
- 7% on stage 1 (personally recruited associates)
- 3% on stage 2
Becoming a member of Seedchange
Seedchange affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $100 funding.
Conclusion
Some effort has gone into organising Seedchange however none of it holds as much as scrutiny.
Within the introduction of this assessment I’ve already lined the bogus Seedchange Execution Companies hyperlink.
Seedchange represents exterior income is generated via a sequence of “new funding alternatives”, none of which truly exist. At the very least not how they’re represented on Seedchange’s web site.
Auric Vitality supposedly “offers photo voltaic system design and set up companies.”
The precise Auric Vitality operates from “auricsolar.com”. Seedchange’s faux firm operates from “auricpower.com”, a website Seedchange’s scamming house owners acquired and arrange in Might 2020.
JMW Farms is supposedly ‘engaged on the introduction of anaerobic digestion know-how for the manufacturing of methane-rich biogas’.
It’s an actual firm primarily based out of Eire. The faux firm web site Seedchange’s scamming house owners arrange nevertheless, is hosted on a website they acquired in June 2020.
XT Vitality Group is supposedly “among the many world’s main producers of compressed-air vitality storage capacities”.
XT Vitality Group is an precise firm (Nevada company registered with the SEC), that’s been round since at the least 2009. The true firm doesn’t have a web site.
The faux XT Vitality Group web site Seedchange’s scamming house owners arrange is hosted on a website registered in April 2020.
Energeotek is a geothermal vitality options firm primarily based out of Sweden.
The precise firm operates from “energeotek.se”. The faux Energeotek web site Seedchange’s scamming house owners arrange is hosted on “energeotekab.com” (registered March third, 2020).
Legacy Measurement Options is a defunct oil and vitality firm primarily based out of Texas.
The precise firm was working from “legacymeasurement.com” (now a parked area). The faux firm web site Seedchange’s scamming house owners arrange is hosted on “legacymeasurements.com” (area reg final up to date November sixth, 2020).
St. Nicholas Court docket Farms is an precise farm within the UK. They don’t have a web site however do have an comparatively energetic Fb web page.
Seedchange’s bogus St. Nicholas Court docket Farms web site area (“st-nicholas.uk.com”), was privately registered in April 2020.
Lakes Oil NL is an Australia-based oil and gasoline explorer.
The precise firm operates from “lakesoil.internet.au”. The faux web site Seedchange’s scamming house owners arrange is hosted on “lakesoilnl.internet” (registered September thirtieth, 2020).
Tempus Utilized Options is an deserted firm as of mid 2020.
Seedchange’s scamming house owners snatched up the corporate’s web site area in April 2020. Their bogus Tempus Utilized Options web site was arrange shortly thereafter.
Brightrock Gold Company is supposedly a “gold mine exploration, improvement and operation”, primarily based in Florida however working in South West Africa [sic].
Once more, this seems to be an precise firm. The bogus web site Seedchange has arrange for Brightrock Gold Company is hosted on “brightrocks.com”.
The area registration was final up to date on Might fifth, 2020. Previous to Seedchange’s scamming house owners shopping for the area, it was used to host a defunct Shopify retailer.
Not surprisingly, Seedinvesting’s proprietor(s) skimped out on internet hosting their faux firm web sites.
- the faux Auric Vitality, XT Vitality and Tempus Utilized Options web sites are hosted on the identical IPv6 server in Montreal Canada
- the faux JMW Farms, Legacy Measurement Options, St. Nicholas Court docket Farms and Brightrock Gold Company web sites are hosted on a server in Chicago, Illinois
- the faux Energeotek web site is hosted on a server in Atlanta, Georgia
- the faux Lakes Oil NL web site is hosted on a server in Washington, D.C.
The entire faux firm web site Seedinvesting has arrange use Hostinger hosting name-servers.
So why go to all this effort to create a faux firm pretending to generate revenue from 9 faux firms?
As a result of Seedchange is a Ponzi scheme. There isn’t a exterior income, all Seedchange is doing is shuffling new funding round to pay current buyers.
And that’s solely after they put in withdrawal requests. Up till withdrawals are literally paid out, Seedchange buyers have numbers on a display screen that imply nothing.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding. This can starve Seedchange of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of individuals lose cash.
Replace twenty fifth September 2021 – The scammers behind SeedChange have rebooted their Ponzi with a brand new web site area.
Replace 2nd December 2021 – The SEC has added SeedChange to its PAUSE listing.
Following a decline in web site visitors, SeedChange has additionally been rebooted as Yosemite EP.