VRB Company gives no info on its web site about who owns or runs the enterprise.
VRB Company’s web site area (“vrb.co”) was first registered in November 2014.
The area registration was final up to date in July 2019, which seems to be across the time its present house owners took possession of it.
On social media, VRB Company’s CEO is performed by some previous man who claims to be “Richard Thomson”:
The man enjoying Thompson has a distinctly European accent. VRB Company’s advertising efforts nevertheless primarily goal south-east Asia (Vietnam and Malaysia particularly).
Funding in these nations is/was solicited below the pretext of VRB Company having a enterprise relationship with Comerica Financial institution.
This prompted Comerica Financial institution to situation a press-release on September twenty seventh, clarifying that
VRB, purports to have monetary backing from Comerica, which is fake, in an try to attract funding right into a cryptocurrency scheme.
VRB has held occasions in Malaysia, Philippines, Vietnam and Japan, going so far as producing actors, a few of whom are pretending to be Comerica workers.
Comerica Financial institution doesn’t have an affiliation with VRB cryptocurrency, and any try and symbolize it as such is fake and fabricated.
These concerned with VRB cryptocurrency have sought to make use of the Comerica model title to lend their operation legitimacy, and people making an attempt to make that affiliation aren’t Comerica workers.
Evidently whoever is definitely operating VRB Company doesn’t need the general public or buyers to know who they’re.
As at all times, if an MLM firm is just not brazenly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
VRB Company’s Merchandise
VRB Company has no retailable services or products, with associates solely in a position to market VRB Company affiliate membership itself.
VRB Company’s Compensation Plan
VRB Company associates make investments funds on the promise of marketed returns.
- make investments $100 to $5000 into VRT tokens and obtain 0.3% to 0.5% a day
- make investments $5001 to $100,000 into VRT tokens and obtain 0.5% to 0.82% a day
VRT tokens are factors generated on demand by VRB Company.
As of July thirty first, VRB Company’s nameless house owners had been promoting VRB factors to gullible buyers for $1.81 every.
The present inside worth of VRB factors is unknown.
Be aware that funding into VRB company is made in cryptocurrency (BTC, ETH, USDT, DASH, LTC, BCH and DOGE).
Returns and bonuses are paid in VRT tokens.
Matching Bonus
VRB Company rewards associates who encourage others to speculate with a Matching Bonus on invested funds.
The Matching Bonus is paid out through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned immediately below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
VRB Company caps the Matching Bonus at twenty unilevel staff ranges.
What number of unilevel staff ranges the Matching Bonus is earned on is decided by an affiliate’s recruitment efforts.
- recruit one investing affiliate and obtain a 100% match on degree 1 (personally recruited associates)
- recruit 4 investing associates and obtain a 100% match on degree 1 and 50% on degree 2
- recruit eight investing associates and obtain a 100% match on degree 1, 50% on degree 2 and 20% on ranges 3 to five
- recruit twelve investing associates and obtain a 100% match on degree 1, 50% on degree 2, 20% on ranges 3 to five and 5% on ranges 6 to 12
- recruit sixteen investing associates and obtain a 100% match on degree 1, 50% on degree 2, 20% on ranges 3 to five, 5% on ranges 6 to 12 and 1% on ranges 13 to twenty
Upline associates of associates who recruit associates additionally obtain the next Matching Bonuses:
- recruit two investing associates and obtain a 15% upline referral match
- recruit three investing associates and obtain a 15% upline referral match and 5% second degree upline referral match
To make clear, the upline affiliate is the affiliate who recruited the affiliate who recruited the investing affiliate.
The second upline affiliate is the affiliate who recruited the primary upline affiliate.
Neighborhood Rewards
VRB Company rewards associates who generate downline funding quantity with the next rewards:
- V1 – generate $200,000 in downline funding quantity and obtain a bonus 5% on returns paid to downline associates
- V2 – generate three V1 ranked associates in three completely different unilevel staff legs, and obtain a bonus 10% on returns paid to downline associates
- V3 – generate three V2 ranked associates in three completely different unilevel staff legs, and obtain a bonus 15% on returns paid to downline associates
- V4 – generate three V3 ranked associates in three completely different unilevel staff legs, and obtain a bonus 20% on returns paid to downline associates
- V5 – generate three V4 ranked associates in three completely different unilevel staff legs, and obtain a bonus 20% on returns paid to downline associates and 10% of firm large returns paid out
Becoming a member of VRB Company
VRB Company is free.
Full participation within the hooked up earnings alternative requires a minimal $100 funding in VRT tokens.
Conclusion
Of their whitepaper, VRB Company claims it’s
the world’s main monetary and industrial service firm.
It gives company banking, retail banking and wealth administration companies for international customers.
Fairly hilarious for an organization that didn’t exist just a few months in the past.
VRT tokens are your regular MLM cryptocurrency shit token providing. They’re fully nugatory and maintain no worth outdoors of VRB Company itself.
And even then, VRT tokens’ worth is solely made up by VRB Firms nameless proprietor(s).
VRB Company represents that it generates exterior ROI income through mortgage contracts, digital asset buying and selling, digital asset storage, digital asset insurance coverage and digital asset quantitative buying and selling.
Naturally there’s no proof of VRB Company taking part in any of those actions.
Neither is there any proof of VRB Company utilizing exterior income of any sort to pay VRT token withdrawal requests.
The funding facet of VRB Company, which they don’t point out on their public dealing with web site, sees associates put money into nugatory VRT tokens.
VRB Company rewards VRT token holding associates with extra tokens, successfully permitting associates to money out greater than they initially invested.
The usage of newly invested funds to pay out these money out requests makes VRB Company a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment tanks so too will new funding.
This may starve VRB Company of ROI income, finally prompting a collapse.
The match behind Ponzi schemes ensures that once they collapse, the vast majority of buyers lose cash.