BizNet Review: Forex & cryptocurrency trading monthly ROIs

BizNet operate in the forex and cryptocurrency MLM niche.

On the BizNet website Alexander Chebotarev (Technical Director) and Grigory Shemet (Makreting Director) are named co-founders of the company.

Other than referral by name in BizNet marketing material, no information on Chebotarev’s or Shemet’s MLM, forex or cryptocurrency trading histories exists.

The BizNet website domain (“biznet.pw”) was first registered on March 1st, 2016. The registration details were last updated on January 11th, 2017.

Grigoriy Shemet [sic] is listed as the owner, through an address in Saint Petersburg, Russia.

The BizNet website itself is hosted in Belize, an offshore tax-haven.

BizNet Group LLP was incorporated in the UK on March 20th, 2017.

Oleksandr Chebotarov and Grigory Shemet are listed as Directors. Chebotarov through an address in the Ukraine and Shemet the same domain registration address in Russia.

With BizNet having no physical business operations in the UK, it appears BizNet Group LLC is nothing more than a shell company.

Read on for a full review of the BizNet MLM opportunity.

BizNet Products

BizNet has no retailable products or services, with affiliates only able to market BizNet affiliate membership itself.

BizNet Compensation Plan

BizNet affiliates invest $25 or more on the promise of a perpetual monthly ROI.

BizNet investment plans are split between forex and cryptocurrency trading.

The automated forex plan sees BizNet affiliates invest $25 or more and receive a monthly ROI of between 20% to 30%.

BizNet’s cryptocurrency investment plans are as follows:

  • Standard – invest $25 or more and receive a 15% monthly ROI
  • Ultra – invest $3000 or more and receive a 21% monthly ROI
  • Ultimate – invest $10,000 or more and receive a 27% monthly ROI

Note that both the forex and cryptocurrency plans offer perpetual monthly ROIs.

Referral Commissions

BizNet pay referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

BizNet cap payable unilevel levels at ten, based on the following qualification criteria:

  • Participant (generate a minimum $100 in downline investment activity) – 7% on level 1 (personally recruited affiliates)
  • Agent (personally invest at least $100 and generate a minimum $1000 in downline investment activity – 7% on level 1 and 5% on level 2
  • Consultant (personally invest at least $250 and generate a minimum $5000 in downline investment activity) – 7% on level 1, 5% on level 2 and 3% on level 3
  • Junior Manager (personally invest at least $500 and generate a minimum $25,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3 and 2% on level 4
  • Manager (personally invest at least $1000 and generate a minimum $100,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1.5% on level 5
  • Top Manager (personally invest at least $5000 and generate a minimum $500,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6
  • CEO (personally invest at least $10,000 and generate a minimum $1,000,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on level 7
  • Silver Affiliate (personally invest at least $15,000 and generate a minimum $3,000,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on levels 7 and 8
  • Golden Affiliate (personally invest at least $30,000 and generate a minimum $9,000,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on levels 7 to 9
  • Platinum Affiliate (personally invest at least $50,000 and generate a minimum $27,000,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on levels 7 to 10

Teamwork Bonus

The TeamWork Bonus is a bonus percentage paid out on investment volume generated by an affiliate’s strongest unilevel leg (calculated every three months).

  • Junior Managers earn a 0.5% Teamwork Bonus
  • Managers earn a 1% Teamwork Bonus
  • Top Managers earn a 1.5% Teamwork Bonus
  • CEOs and higher earn a 2% Teamwork Bonus

Global Bonus

The Global Bonus is a bonus percentage paid on company-wide investment volume.

  • Silver Affiliates receive a share in a 0.5% Global Bonus pool
  • Golden affiliates receive a share in a 1% Global Bonus pool
  • Platinum affiliates receive a share in a 1.5% Global Bonus pool

Rank Achievement Bonus

When BizNet affiliates qualify at the Agent and higher ranks, they receive the following one-time cash bonuses:

  • Agent – $50
  • Consultant – $250
  • Junior Manager – $1000
  • Manager – $5000
  • Top Manager – $25,000
  • CEO – $50,000
  • Silver Affiliate – $150,000
  • Golden Affiliate – $300,000
  • Platinum Affiliate – $500,000

Joining BizNet

BizNet affiliate membership is free, however participation in the attached MLM opportunity requires an investment of $100 or more.

Conclusion

In an attempt to prove ROI revenue is generated via forex and cryptocurrency trading, BizNet provide marketing videos purportedly showing live trading.

Ultimately however the company fails to correlate monthly ROI payouts to affiliates with trading activity.

Furthermore the business models fails the Ponzi logic test.

If Alexander Chebotarev and Grigory Shemet were able to legitimately and consistently generate monthly ROIs of up to 27% (324% annually without compounding), why would they be soliciting investment from randoms over the internet?

Especially on the promise of a perpetual monthly ROI, which ultimately generates an ever-growing liability.

Even a modest capital amount would soon turn into a fortune under BizNet’s advertised ROI amounts. Sharing limited revenue and at the same time generating bigger and bigger ROI liabilities each month makes no sense.

The only verifiable source of revenue entering BizNet is new affiliate investment, the use of which to pay existing affiliates a ROI would make BizNet a Ponzi scheme.

As with all Ponzi schemes, once affiliate recruitment slows down BizNet will find itself unable to meet its monthly ROI obligations.

This will prompt a collapse, resulting in the majority of BizNet affiliates losing money.

Let’s block ads! (Why?)

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