BankCryptoInv provides no information on its website about who owns or runs the company.
BankCryptoInv’s website domain (“bankcryptoinv.com”) was privately registered on January 24th, 2020.
Despite not existing until this year, BankCryptoInv fraudulently claims to be ‘a professional cryptocurrency investment company since 2017.’
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.
BankCryptoInv has no retailable products or services, with affiliates only able to market BankCryptoInv affiliate membership itself.
BankCryptoInv’s Compensation Plan
BankCryptoInv affiliates invest funds on the promise of advertised returns:
- invest $1 to $10,000 and receive 40% an hour for three hours
- invest $25 to $10,000 and receive 50% an hour for three hours
- invest $50 to $10,000 and receive 90% an hour for two hours
BankCryptoInv pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 2%
- level 3 – 1%
BankCryptoInv affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $1 investment.
It seems the scammers behind BankCryptoInv ran out of company name ideas. So instead they just mashed together financial terms.
This is reflective of the low-effort put into what is an easily identifiable Ponzi scheme.
BankCryptoInv claims to generate external revenue through
win-win trading strategies, developed directly by the traders of the company!
No evidence of these strategies or trading exists. Nor is there evidence of external revenue of any kind being used to pay withdrawals.
In an attempt to appear legitimate, BankCryptoInv claims it is
officially registered and conducts financing activities under existing UK legislation.
Being a passive investment opportunity, BankCryptoInv is marketing a securities offering.
Securities in the UK are regulated by the FCA. BankCryptoInv is not listed on the FCA’s financial services register. This means that, at a minimum, BankCryptoInv is committing securities fraud.
It’s worth keeping in mind that it’s unlikely BankCryptoInv has any ties to the UK in any case.
Regulation of MLM companies is practically non-existent, making the UK a favorite jurisdiction for scammers to register shell companies.
As it stands the only verifiable source of revenue entering BankCryptoInv is new investment.
Using new investment to pay hourly returns makes BankCryptoInv a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve BankCryptoInv of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.