Richway GAM provides no information on its website about who owns or runs the company.
Richway GAM’s website domain (“richwaygam.com”) was privately registered on October 11th, 2019.
In an attempt to appear legitimate, Richway GAM provides a UK corporate address and incorporation number on their website.
The incorporation number corresponds with “Richway Global Asset Management”, which was incorporated on May 12th, 2020.
UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.
For the purpose of performing MLM due-diligence, UK incorporation is meaningless.
At the time of publication Alexa ranks the US as the top source of traffic to Richway GAM’s website (62%).
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Richway GAM’s Products
Richway GAM has no retailable products or services, with affiliates only able to market Richway GAM affiliate membership itself.
Richway GAM’s Compensation Plan
Richway GAM affiliates invest funds on the promise of a 2.1% to 3.5% daily ROI.
- invest $20 to $499 and receive 2.1% a day
- invest $500 to $999 and receive 2.5% a day
- invest $1000 to $4999 and receive 3% a day
- invest $5000 to $50,000 and receive 3.5% a day
There doesn’t appear to be a term limit on Richway GAM investment, however affiliates are penalized if they withdraw within the first 45 days.
Referral commissions on invested funds are paid out down three levels of recruitment (unilevel):
- 6% on level 1 (personally recruited affilates)
- 2% on level 2
- 1% on level 3
Joining Richway GAM
Richway GAM affiliate membership is free.
Full participation in the attached income opportunity however is tied to a minimum $20 investment.
Richway GAM solicits investment in USD, bitcoin, ethereum and litecoin.
Richway GAM represents it generates external revenue via trading.
Forex trading, cryptocurrency transactions on exchange rate differences and start-up financing are all the main avenues via which we generate profits.
No evidence of trading is provided. Nor is there evidence of Richway GAM using external revenue of any kind to pay ROI withdrawals.
As it stands the only verifiable source of revenue entering Richway GAM is new investment.
Using new investment to pay affiliates a daily return makes Richway GAM a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies out so too will new investment.
This will starve Richway GAM of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.