Tremendous 6 Group has a little bit of a branding drawback.
The corporate goes by Tremendous 6 Group however names its present MLM alternatives Speedway 7 and Speedway 16 respectively:
One other firm identify, Speedway Group, suits in someplace. To maintain issues easy this evaluation refers to the entire above corporations as Tremendous 6 Group.
Tremendous 6 Group advertising and marketing movies cite “Dr. Stefan Pienaar” as founder and CEO of the corporate. Within the advertising and marketing movies Pienaar has a definite South African accent.
Pienaar (proper) seems to have a protracted historical past throughout the MLM underbelly.
A 2010 advertising and marketing spam piece pushing Dynamic Journey Community cites Pienaar because the developer behind the corporate.
Dynamic Journey Community was a journey area of interest MLM pyramid scheme.
On the time, Pienaar was credited with already having “23 years expertise in community advertising and marketing”.
Circa mid 2017 Pienaar headed up Crypto Wealth, a bitcoin gifting scheme.
As of March 2019, Pienaar was CEO of World Rewards Program Worldwide.
World Rewards Program Worldwide seems to be some type of ecommerce scheme. As I write this the corporate’s web site remains to be up.
Alexa visitors estimates nevertheless are unranked, suggesting World Rewards Program Worldwide has collapsed.
Throughout his World Rewards Program Worldwide stint, Pienaar was purportedly primarily based out of India.
Promotion of Tremendous 6 Group started about two months in the past.
Learn on for a full evaluation of Tremendous 6 Group’s MLM alternative.
Tremendous 6 Group’s Merchandise
Tremendous 6 Group has no retailable services or products, with associates solely in a position to market Tremendous 6 Group affiliate membership itself.
Tremendous 6 Group’s Compensation Plan
Tremendous 6 Group runs two pyramid schemes below the names Speedway 7 and Speedway 16.
Speedway 7
Speedway 7 positions value $7.20 and run by way of a three-tier 4×5 matrix pyramid scheme.
A 4×5 matrix locations an affiliate on the prime of a matrix, with 4 positions instantly below them.
These 4 positions make up the primary stage of the matrix. The second stage of the matrix is generated by splitting these 4 positions into one other 4 positions every (16 positions).
Ranges three to 5 are generated in the identical method, with every new stage housing 4 occasions as many positions are the earlier stage.
Recruitment commissions are paid as positions within the Speedway 7 matrix are crammed.
Positions within the matrix are crammed when newly recruited Tremendous 6 Group associates buy positions.
Recruitment commissions paid throughout the primary Speedway 7 tier matrix are as follows:
- stage 1 (4 positions) – $1 per place crammed ($4 whole)
- stage 2 (16 positions) – $1 per place crammed ($16 whole)
- stage 3 (64 positions) – $1 per place crammed ($64 whole)
- stage 4 (256 positions) – $2 per place crammed ($512 whole)
- stage 5 (1024 positions) – $2 per place crammed ($2048 whole)
Of the $2644 generated by filling a Speedway 7 matrix, solely $710 is paid out. The remaining goes in direction of charges, entry into Block 2 and creation of fifteen new Speedway 7 matrix positions.
Speedway 7’s second tier matrix generates $135,400, of which $75,520 is saved.
The third tier generates $305,360, of which $201,948 is saved. Filling a Speedway 7 tier matrix additionally generates twenty-one new Speedway 16 matrix positions.
Speedway 16
Speedway 16 makes use of the identical three-tier 4×5 matrix construction as Speedway 7 (see above).
Speedway 16 positions value $16.20, or are obtained by biking out of Speedway 7’s third matrix tier.
Commissions paid throughout Speedway 16’s first matrix tier are $7260, of which $4038 is saved. Filling the primary Speedway 16 matrix generates 4 new Speedway 16 matrix positions.
Commissions paid throughout Speedway 16’s second matrix tier are $373,920, of which $246,336 is saved.
Commissions paid out throughout Speedway 16’s third matrix tier are $1,002,200, of which $745,760 is saved.
Becoming a member of Tremendous 6 Group
Tremendous 6 Group affiliate membership is free.
Participation within the connected revenue alternative requires the acquisition of a $7.20 Speedway 7 place and/or $16.20 Speedway 16 place.
Tremendous 6 Group associates are actively inspired to buy a number of positions:
Notice that though Tremendous 6 Group quote commissions and charges in USD, all deposits and payouts are made in bitcoin.
Conclusion
Tremendous 6 Group is a multi-tier pyramid scheme. It’ll primarily profit proprietor Stefan Pienaar, those that get in early and/or prime recruiters.
Each cycle by way of Tremendous 6 Group’s two matrix tiers nets Pienaar $365,157 in admin charges.
That’s on prime of what he makes by way of preloaded admin positions.
Connected to Tremendous 6 Group’s pyramid scheme is a fraudulent funding alternative, by way of which funds are funneled into as a part of the pyramid scheme:
Pienaar doesn’t disclose specifics of the place these funds are supposedly invested.
We’ve bought a third-party that we’ve additionally launched for the members, that we are going to make investments for you in that firm.
It’s crypto merchandise, and we are going to, within the subsequent 4 years see how your merchandise will develop there by way of bitcoin mining.
A big amount of cash collected can also be funneled into one thing referred to as the “Million Greenback Plan”. Once more, specifics usually are not disclosed.
With respect to the bitcoin mining alternative, a cached copy of Tremendous 6 Group’s “staff web page” reveals it’s prone to be Mining Metropolis.
The above screenshot is from a June sixth cache. Tremendous 6 Group has since eliminated any point out of Bertus and Christa van Jaarsveld from their web site.
As above, Bertus is credited as Tremendous 6 Group’s CEO. Christa is credited as a Director of Mining Metropolis.
Mining Metropolis is a Ponzi scheme. It’s the identical fraudulent enterprise mannequin utilized by BitClub Community, a crypto mining Ponzi scheme just lately busted by US authorities.
It ought to come as no shock that Bertus and Christa van Jaarsveld had been outstanding South African BitClub Community promoters.
So along with working a pyramid scheme, Tremendous 6 Group is committing securities fraud by funneling funds into Mining Metropolis.
As with all MLM pyramid schemes, as soon as recruitment dies down so too will commissions paid out.
When recruitment has died down such that sufficient matrices have stalled, Tremendous 6 Group will collapse.
Being a matrix-based scheme, Pienaar’s remaining act of thievery will see him preserve funds trapped in stalled matrices.
The maths behind pyramid schemes ensures that to ensure that Pienaar and a handful of prime associates to earn a living, nearly all of Tremendous 6 Group associates should lose cash.