Another MLM Ponzi Scheme Revealed: AI Trade?

With the steady downfall of the crypto market, many investors are yearning for ways to make up for the great losses incurred. Taking this to their advantage, firms have since been established, promising that a small investment in BTC or ETH, can result in significantly large return on investments (ROI).

A recent post shared by Behind MLM, explored a new, possible multi-level marketing (MLM) scheme and it is none other than the “AI Trade”. AI Trade seems to do a lot of things, some of which include trading cryptocurrencies, promoting high ROI because of its AI robots’ capacity, and the platform seems to also provide in depth analysis on market trends. However, the lack of essential information questions its legitimacy.

Mark Davis seems to be a representative of AI Trade, as he is believed to promote himself as an “Australian author and speaker,” as per Behind MLM. However, how involved he is within AI Trade remains as blurry as its non-existent data of the team. This alone may force one to question their goal, as understanding the potentials of a team reflects how likely a project will succeed.

Other areas that still seem either incomplete or under development include, the lack of a crypto product for real-time use, vague compensation plan, and the lack of precision in the percent of ROI one is approximately or surely to earn.

For those who might have been interested in joining AI Trade, he or she would have noticed a free registration, but a mandatory investment in bitcoin. Every investment made is said to generate an additional fee of $149.99, which is very skeptical.

As with most MLM schemes, firms will argue that they would have to take the compiled investment in order to double or even triple ones’ holdings, which evidently screams “risk”. This one factor might induce one to believe that AI Trade is an MLM scheme, especially considering the fact that it plans to take nearly 55% of total investments in order to bring a high ROI for its investors.

While the reliance on AI robots is interesting, specs as to how it will function and what types of activities it will conduct is too. Behind MLM also noted that the firm clearly expressed in its Terms and Conditions that “No documentation of AI (Global) Trade have [sic] been filed with or approved or disapproved by SEC.”

This makes one assume that AI Trade might not have been legally registered, which causes a great problem. With the many red flags waving in this project, it seems like it would be best to avoid it altogether.

What other factors do you think will help to assess whether a crypto firm is part of an MLM Ponzi Scheme? Let us know below!

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