Vexam fails to supply firm possession or govt data on its web site.
Vexam’s web site area (“vexam.com”), was first registered again in 2022. The non-public registration was final up to date on July eighth, 2022.
That is on or round when Vexam’s proprietor(s) took possession of the area.
SimilarWeb at present tracks high sources of visitors to Vexam’s web site as Russia (18%), Indonesia (8%), Brazil (8%) and Ukraine (7%).
In an try to look respectable, Vexam claims it’s “a UK integrated business firm”.
An MLM firm working or claiming to function out of the UK is a purple flag.
UK incorporation is dust low-cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.
In consequence the UK is a well-liked jurisdiction for scammers trying to incorporate, function and promote fraudulent firms.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
Of observe is Vexam’s use of JivoChat on its web site for help. JivoChat is often utilized by Russian and Ukrainian scammers.
Supporting that is Vexam’s official advertising and marketing video being a CGI job with a robovoice dub:
That is usually the work of non-native English audio system. Poor grammar within the video and on Vexam’s web site additional helps this.
As at all times, if an MLM firm is just not brazenly upfront about who’s working or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
Vexam’s Merchandise
Vexam has no retailable services or products.
Associates are solely in a position to market Vexam affiliate membership itself.
Vexam’s Compensation Plan
Vexam associates make investments funds on the promise of an marketed return:
- Important – make investments $25 to $4999 and obtain 220% over 30 days
- Vanguard – make investments $5000 to $400,000 and obtain 300% over 40 days
Vexam pays referral commissions on invested funds down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 5%
- degree 2 – 2%
- degree 3 – 1%
Becoming a member of Vexam
Vexam affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal $25 funding.
Vexam solicits funding in USD by way of Excellent Cash, in addition to numerous cryptocurrencies.
Vexam Conclusion
Vexam represents is generates exterior income by “auto buying and selling in your belongings”.
We give you computerized administration of your monetary belongings, providing assured income from two funding plans.
Our buying and selling consultants will comprehensively care for your monetary assets, permitting you to realize full-fledged passive earnings daily.
Other than their being no proof of exterior income getting used to pay withdrawals, Vexam’s enterprise mannequin additionally fails the Ponzi logic check.
If Vexam already has “buying and selling consultants” producing 5% a day on a constant foundation, what do they want your cash for?
The reply is there isn’t a buying and selling. All Vexam are doing is recycling newly invested funds to pay withdrawals.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Vexam of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of contributors lose cash.