VRDa1 supplies no data on its web site about who owns or runs the corporate.
The one names connected to the corporate are a bunch VRDa1 refers to as its “league of legends”; Waqas Suhail, Mahfooz Elahi, Saikat Kumar, Hussain Al Lawati, Mohammad Othman and M. Faisal Suhail.
These particular person’s particular roles inside VRDa1 shouldn’t be disclosed on the corporate’s web site.
They’re nevertheless concerned in operating the corporate.
Mohammad Othman, for instance, is featured in VRDa1’s official compensation movies. I used to be capable of verify the remaining govt roles by cross-referencing social media profiles.
I ran an MLM associated search on every of VRDa1’s “legends”. Right here’s what I discovered:
Waqas Suhail is from Pakistan and hiding out in Dubai. He’s VRDa1’s founder and CEO.
Previous to VRDa1 Suhail labored because the LEO’s Common Supervisor for the Dubai area.
LEO was a Ponzi scheme run by Dan Andersson that primarily focused Pakistan and neighboring nations.
Mahfooz Elahi is from Pakistan and hosts VRDa1 promotional occasions. Elahi can also be a former LEO Ponzi promoter.
Saikat Kumar is from India and lives in Dubai. He’s a Director of VRDa1.
I wasn’t capable of verify Kumar’s MLM historical past. His involvement in VRDa1 appears to be by his Skycap Funding Administration firm.
Hussain Al Lawati is a Director of VRDa1. I wasn’t capable of verify something additional.
Mohammad Othman shouts at individuals as a presenter of VRDa1 video displays. I wasn’t capable of verify something additional.
Nothing comes up for M. Faisal Suhail exterior of VRDa1. I’m assuming that is due to the intentional identify obfuscation (attainable relation to Waqas Suhail).
In any occasion, VRDa1 happened in late 2019, following the collapse of LEO.
Waqas Suhail’s Fb put up reveals he left Humanitas Meritus FZ LLC in October 2019.
Humanitas Meritus FZ LLC was one of many many shell corporations used to steal LEO investor funds by.
A number of months after acknowledging leaving Humanitas Meritus (which collapsed earlier in 2020), Suhail introduced VRDa1.
In a nutshell, VRDa1 is a bunch of LEO Ponzi scammers from the UAE, Pakistan and India, banding collectively to run their very own scheme.
Learn on for a full overview of VRDa1’s MLM alternative.
VRDa1’s Merchandise
VRDa1 has no retailable services or products, with associates solely capable of market VRDa1 affiliate membership itself.
VRDa1’s Compensation Plan
VRDa1 associates spend money on Property Factors on the promise of an annual 7% to 12% ROI.
Property Factors are invested into at $350 every.
Packages are additionally obtainable, bundling Property Factors at a reduction:
- Bundle 1 – make investments $1750 and obtain 5 Property Factors
- Bundle 2 – make investments $3500 and obtain 12 Property Factors
- Bundle 3 – make investments $5250 and obtain 19 Property Factors
- Bundle 4 – make investments $7000 and obtain 26 Property Factors
- Bundle 5 – make investments $8750 and obtain 33 Property Factors
- Bundle 6 – make investments $17,500 and obtain 72 Property Factors
- Bundle 7 – make investments $35,000 and obtain 150 Property Factors
Corresponding funding gross sales quantity (BV) for every of the above packs are as follows:
- Newbie Pack – 450 BV
- Professional Pack – 850 BV
- Bundle 1 – 750 BV
- Bundle 2 – 1500 BV
- Bundle 3 – 2250 BV
- Bundle 4 – 3000 BV
- Bundle 5 – 3750 BV
- Bundle 6 – 7500 BV
- Bundle 7 – 15,000 BV
VRDa1’s compensation materials additionally mentions a Newbie and Professional Pack.
I consider these packs include property factors nevertheless particular particulars will not be disclosed.
Returns and commissions paid to VRDa1 associates are break up 70% money and 30% in new property factors.
VRDa1’s compensation plan pays commissions on recruitment of recent affiliate buyers.
Be aware that VRDa1 pays commissions primarily based on BV, not precise quantities invested.
VRDa1 Affiliate Ranks
There are 13 recognized ranks inside VRDa1’s compensation plan.
- (undisclosed variety of Affiliate ranks)
- Star Government
- 2 Star Government
- 3 Star Government
- 4 Star Government
- 5 Star Government
- Director
- Advertising Director
- Regional Advertising Director
- World Advertising Director
- Ambassador
- Diamond Ambassador
- Black Diamond Ambassador
- Crown Ambassador
Sadly VRDa1 don’t present rank qualification of their compensation documentation.
Recruitment Commissions
VRDa1 pays recruitment commissions on funds invested by personally recruited associates.
Recruitment commissions are paid as 10% of gross sales quantity (PV) generated by personally recruited affiliate funding.
A residual 10% recruitment fee can also be paid on the 30% Property Level break up paid as commissions to personally recruited associates.
Residual Commissions
VRDa1 pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary group, break up into two sides (left and proper):
The primary degree of the binary group homes two positions. The second degree of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary group are stuffed through direct and oblique recruitment of associates. Be aware there isn’t any restrict to how deep a binary group can develop.
On the finish of every day VRDa1 tallies up new funding gross sales quantity on either side of the binary group.
Funding gross sales quantity quantities are supplied above in “recruitment commissions”.
Residual commissions are paid out as a proportion of funding gross sales quantity generated on the weaker binary group facet:
- Affiliate ranked VRDa1 associates are paid a 12% residual fee price
- Government and better ranked VRDa1 associates are paid a ten% residual fee price
Rank Achievement Bonus
VRDa1 rewards associates with a Rank Achievement Bonus, ranging from the Star Government rank:
- qualify as a Star Government and obtain $1000
- qualify as a 2 Star Government and obtain $2000
- qualify as a 3 Star Government and obtain $5000
- qualify as a 4 Star Government and obtain $8000
- qualify as a 5 Star Government and obtain $10,000
- qualify as a Director and obtain $25,000
- qualify as a Advertising Director and obtain $50,000
- qualify as a Regional Advertising Director and obtain $65,000
- qualify as a World Advertising Director and obtain $100,000
- qualify as an Ambassador and obtain $125,000
- qualify as a Diamond Ambassador and obtain $150,000
- qualify as a Black Diamond Ambassador and obtain $300,000
- qualify as a Crown Ambassador and obtain $1,000,000
Becoming a member of VRDa1
VRDa1 fails to offer affiliate membership prices on its web site.
I consider essentially the most fundamental becoming a member of choices are the Newbie and Professional Packs.
Outdoors of that we all know funding prices vary from $1750 to $35,000 throughout Packages 1 to 7.
Conclusion
Seemingly hoping to recapture victims of the LEO Ponzi scheme, VRDa1 is identical Ponzi mannequin with a special coat of paint.
The ruse behind VRDa1’s Property Factors is that they’re tied to actual property in Dubai.
So the ruse goes, one Property Level is the equal of 1 sq toes of property in Dubai.
This after all is only on paper, holding no authorized weight exterior of VRDa1 itself.
Property Factors are in impact Ponzi factors, which VRDa1 pays a return on.
VRDa1 shouldn’t be registered to supply securities in any jurisdiction, that means the corporate at a minimal is committing securities fraud.
VRDa1 represents exterior income is generated by “rental yields”, which is baloney with out audited monetary studies.
With out these studies, the one verifiable income coming into VRDa1 is new funding.
Given Waqas Suhail’s shut involvement in scamming LEO buyers, why VRDa1 chooses to commit securities fraud ought to be apparent.
Utilizing newly invested funds to pay associates a return on invested Property Factors makes VRDa1 a Ponzi scheme.
The remainder of VRDa1’s compensation plan is tied to recruitment, including a further pyramid layer to the scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment runs dry so too will new funding.
This may starve VRDa1 of ROI income, ultimately prompting a collapse.
In a lot the best way LEO affiliate buyers have been left bagholding LEO cash, VRDa1 buyers shall be left holding nugatory Property Factors.