When a BehindMLM reader reached out requesting a “Sun Money” update to our 2016 Sun Money Network review, I initially thought the company were unrelated.
Sun Money Network was a Ponzi scheme pitching investors on monthly returns, purportedly generated via solar electricity generation.
Sometime between our 2016 review and Sun Money launching, Sun Money Network collapsed.
Tóth Levente was cited as Sun Money Network’s General Manager and only named executive.
Today Sun Money’s website only cites Gabor Eisenbart as owner and founder of the company.
With a bit of additional digging on our reader’s part though, they were able to establish Tóth Levente was tied to Sun Money as a co-founder.
Ergo Sun Money is a continuation of the collapsed Sun Money Network Ponzi scheme. Gabor Eisenbart now fronts the scheme, with Levente evidently hiding in the shadows.
Sun Money operates from the domain (“sunmoney.com”), first registered in 2002. Through the Wayback Machine we can see the domain was for sale up until at least late 2016.
Sun Money’s current website went live on or around May 2017, marking purchase of the domain the transition away from Sun Money Network.
Of note is Sun Money citing three corporate locations on its website;
- Dubai, attached to the shell company SunMoney Solar FZ LLE
- Germany, attached to the shell company SunMoney Solar GmbH
- Singapore, attached to the shell company SunMoney Solar Pte. Ltd.
Of the three locations, Dubai appears to be Sun Money’s primary base of operations.
SUNMONEY Solar FZ LLE is the financial center of SUNMONEY Solar Group. All of the contracts and payments are issued from here.
Interestingly enough Sun Money’s official FaceBook page is managed from Hungary.
This suggests Sun Money might not have any actual physical ties to Dubai.
Nonetheless due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.
BehindMLM’s guidelines for Dubai are:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
If you want to know specifically how this applies to Sun Money, read on for a full review.
Sun Money’s Products
Sun Money has no retailable products or services.
Affiliates are only able to market Sun Money affiliate membership itself.
Sun Money’s Compensation Plan
Sun Money affiliates invest funds on the promise of a monthly passive return:
- eSolar Start- €150 EUR
- eSolar Pro – €500 EUR
- eSolar Business – €2000 EUR
- eSolar 2020 – €10,000 EUR
(solar package marketing)
Specific ROI rates aren’t disclosed but are promised for 25 years. As above though, Sun Money does state the more an affiliate invests the higher their ROI rate.
The MLM side of Sun Money pays on recruitment of affiliate investors.
Referral Commissions
Sun Money pays a referral commission on euros invested down two levels of recruitment (unilevel):
- eSolar Start tier affiliates earn a 15% referral commission rate on level 1 (personally recruited affiliates) and 10% on level 2
- eSolar Pro tier affiliates earn a 20% referral commission rate on level 1 and 10% on level 2
- eSolar Business and eSolar 2020 tier affiliates earn a 33% referral commission rate and 10% on level 2
Community Direct Bonus
Sun Money’s Community Direct Bonus is pitched as a 10% bonus paid on monthly new downline investment volume.
Smart Digital Business Network
Sun Money’s Smart Digital Business Network scheme sees affiliates invest in SDBN tokens.
This is done on the promise of guaranteed returns, paid out in SDBN tokens.
The SDBN2 token’s automatic value generation mechanism allows holders to earn consistent passive income, which
represents a financially attractive capital allocation opportunity.
Returns are purportedly generated via a solar power AI grift;
The tangible hedge for SDBN2 comes from solar power generation capacity.
SunMoney AI will then use part of the profits to increase the capacity of token holders.
Finally, note that once invested in, affiliates can’t cash out their SDBN tokens for two years;
After a two-year vesting phase, holders will receive monthly passive income from their expanded solar capacity.
Joining Sun Money
Sun Money affiliate membership is tied to an initial €150 to €10,000 EUR investment.
The more a Sun Money affiliate invests the higher their income potential.
Sun Money Conclusion
The names have changed but the underlying securities fraud of Sun Money remains the same.
Despite claiming to have launched in 2013 and all the talk of generating external revenue via solar panels, over the past eleven years Sun Money has failed to register with any financial regulators.
This includes The Central Bank of Hungary, from which it appears Sun Money is operating from.
In addition to not registering with financial regulators, Sun Money has also failed to provide consumers with a single audited financial report.
Such reports are not only legally required to be filed with regulators, they are also the only way consumers can verify Sun Money’s external revenue generation claims.
As was the case back in 2016 with Sun Money Network, the only verifiable source of revenue entering Sun Money is new investment.
One major evolution of Sun Money from Sun Money Network is the transition to cryptocurrency fraud.
Sun Money runs what is essentially a parallel Ponzi scheme through Smart Digital Business Network and SDBN tokens.
Through this scheme, Sun Money solicits investment in tether (USDT), which is converted into SDBN tokens it generates.
The business model of the Smart Digital Business Network is a combination of a fully automated sales system and the SunMoney Community Power Plant program.
The fund includes 8,000 Smart Digital Business Network packages with a face value of $4,000,000.
This fund was divided into 400,000,000 tokens with a face value of one cent or 0.01USD.
As per the marketing copy above, Sun Money guarantees the value of SDBN by backing it with its unregistered securities investment packages.
This of course makes no sense, as the packages themselves are worthless unless they are attached to new investment (Sun Money generating packages out of thin air to back its tokens doesn’t generate any new investment).
SDBN and its subsequent variants (SDBN2, SDBN3 etc.), are BSC-20 tokens.
BSC-20 tokens can be created in a few minutes at little to no cost.
Once invested in, SDBN tokens are locked for two years – after which monthly returns are promised.
And as one SDBN token scheme collapses, Sun Money just starts up another one.
As with its primary “eSolar package” investment scheme, Sun Money’s Smart Digital Business Network investment scheme is also not registered with financial regulators.
As it stands, the only verifiable source of revenue entering Sun Money is new investment.
Using new investment to pay affiliate withdrawals would make Sun Money a Ponzi scheme. With nothing marketed or sold to retail customers, the MLM side of Sun Money additionally operates as a pyramid scheme.
As with all MLM Ponzi schemes, once Sun Money affiliate recruitment dries up so too will new investment.
This will starve Sun Money of withdrawal revenue, eventually prompting a collapse.
The good news is this many years in, interest in Sun Money’s fraudulent investment scheme is practically non-existent.
For February 2024, SimilarWeb tracked just ~1800 monthly visits to Sun Money’s website. Outside of Hungary (47%), Ukraine (44%) and Greece (9%), recruitment of new Sun Money investors is dead.