Cashbery Review: 400 day ROI Russian loans Ponzi scheme

Cashbery launched about a year ago and name Artur Vardanyan (Артур Варданян) as Chairman of the Board.

According to Vardanyan’s corporate bio;

in the past (he) held position of the head of the credit department and the deputy chief of the economic security service in one of the largest Russian banks.

Multiple incorporation documents are provided on the Cashbery websites, mostly in Russian.

There is the token UK incorporation for “Cashbery Limited” though.

Vardanyan (right) is listed as Cashbery Limited’s sole Director, however he’s cited as a UK resident.

The address provided for Cashbery Limited and Vardanyan is a random serviced office address in London.

So if that’s any indication, the rest of the incorporation documents are meaningless.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

Possibly due to language-barriers, I wasn’t able to verify any external information on Vardanyan.

He does appear to be an actual person though and appears (or whoever is portraying him) in multiple Cashbery promotional videos.

Taking into consideration the native language of the Cashbery website being Russian, all of the company social media accounts using Russian, Russia being the top source of traffic to the Cashbery website (56%, Alexa) and Russian incorporation documents provided, it’s highly likely that Cashbery is being operated from within Russia itself.

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

Cashbery Products

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

The Cashbery Compensation Plan

Cashbery affiliates invest funds on the promise of an advertised ROI:

  • Microloans – invest $17.54 to $526.29 and receive a ROI of up to 320% over 400 days
  • Loans to small and medium business – invest $526.31 to $3508.75 and receive a ROI of up to 360% over 400 days
  • Financing – invest $3508.77 to $10,526.29 and receive a ROI of up to 400% over 400 days
  • Cryptocurrency – invest 0.0103481 to 1.24177215 BTC or
    0.13790471 to 16.54856534 ETH and receive a ROI of up to 400% over 400 days

Cashbery 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.

Cashbery cap payable unilevel levels at five, with commissions paid out as a percentage of funds invested across these levels.

  • Microloan investments pay 3% on level 1 (personally recruited affiliates), 1% on level 2 and 0.5% on levels 3 to 5
  • Loans to small and medium business investments pay 3.5% on level 1, 1% on level 2 and 0.5% on levels 3 to 5
  • Financing investments pay 4% on level 1, 1% on level 2 and 0.5% on levels 3 to 5
  • Cryptocurrency investments pay 4% on level 1, 1% on level 2 and 0.5% on levels 3 to 5

Rank Achievement Bonus

Cashbery pay affiliates a Rank Achievement Bonus, based on the same five-level deep unilevel team used to pay referral commissions.

Cashbery’s Rank Achievement Bonus factors in personal investment, investment by your largest unilevel leg and the rest combined.

  • Manager Level 1 (personally invest 10,000 rubles and generate 150,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 75,000 rubles in each)) – 5000 rubles bonus
  • Manager level 2 (personally invest 20,000 rubles and generate 300,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 150,000 rubles in each)) – 7000 rubles bonus
  • Manager level 3 (personally invest 30,000 rubles and generate 500,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 250,000 rubles in each)) – 10,000 rubles bonus
  • Manager level 4 (personally invest 40,000 rubles and generate 750,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 375,000 rubles in each)) – 12,000 rubles bonus
  • Manager level 5 (personally invest 50,000 rubles and generate 1,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 500,000 rubles in each)) – 15,000 rubles bonus
  • Manager level 6 (personally invest 60,000 rubles and generate 1,500,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 750,000 rubles in each)) – 20,000 rubles bonus
  • Manager level 7 (personally invest 70,000 rubles and generate 2,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 1,000,000 rubles in each)) – 25,000 rubles bonus
  • Manager level 8 (personally invest 80,000 rubles and generate 3,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 1,500,000 rubles in each)) – 35,000 rubles bonus
  • Manager level 9 (personally invest 90,000 rubles and generate 5,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 2,000,000 rubles in each)) – 50,000 rubles bonus
  • Manager level 10 (personally invest 100,000 rubles and generate 7,500,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 3,500,000 rubles in each)) – 75,000 rubles bonus
  • Manager level 11 (personally invest 150,000 rubles and generate 10,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 4,000,000 rubles in each)) – 100,000 rubles bonus
  • Manager level 12 (personally invest 200,000 rubles and generate 15,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 5,000,000 rubles in each)) – 150,000 rubles bonus
  • Manager level 13 (personally invest 250,000 rubles and generate 30,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 10,000,000 rubles in each)) – 300,000 rubles bonus
  • Manager level 14 (personally invest 300,000 rubles and generate 50,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 15,000,000 rubles in each)) – 500,000 rubles bonus
  • Manager level 15 (personally invest 400,000 rubles and generate 75,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 20,000,000 rubles in each)) – 750,000 rubles bonus
  • Manager level 16 (personally invest 500,000 rubles and generate 110,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 30,000,000 rubles in each)) – 1,000,000 rubles bonus
  • Manager level 17 (personally invest 600,000 rubles and generate 150,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 40,000,000 rubles in each)) – 1,500,000 rubles bonus
  • Manager level 18 (personally invest 700,000 rubles and generate 250,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 60,000,000 rubles in each)) – 2,000,000 rubles bonus
  • Manager level 19 (personally invest 800,000 rubles and generate 400,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 80,000,000 rubles in each)) – 3,000,000 rubles bonus
  • Manager level 20 (personally invest 900,000 rubles and generate 700,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 125,000,000 rubles in each)) – 5,000,000 rubles bonus
  • Manager level 21 (personally invest 1,000,000 rubles and generate 1,000,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 180,000,000 rubles in each)) – 10,000,000 rubles bonus

Note that “each” refers to your strongest unilevel leg and the rest of the legs separated into two groups.

Also note that investment volume quotas are only counted across the first five levels of the unilevel team.

Representative Bonuses

Representative Bonuses are a bonus for that month as well as increased referral commission rates.

Investment volume quotas for Representative Bonuses are counted from personally recruited affiliates only within a 30 day period.

  • Silver – personally convince people to invest 300,000 to 599,999 rubles and receive a 12,000 ruble bonus and 0.5% on your first level referrals and 0.05% on levels 2 to 5
  • Gold – personally convince people to invest 600,000 to 999,999 rubles and receive a 30,000 ruble bonus and 1% on your first level referrals and 0.1% on levels 2 to 5
  • Platinum – personally convince people to invest 1,000,000 to 2,499,999 rubles and receive a 60,000 ruble bonus and 1.5% on your first level referrals and 0.15% on levels 2 to 5
  • Emerald – personally convince people to invest 2,500,000 to 5,999,999 rubles and receive a 175,000 ruble bonus and 1.75% on your first level referrals and 0.15% on levels 2 to 5
  • Diamond – personally convince people to invest 6,000,000 to 95,999,999 rubles and receive a 480,000 ruble bonus and 2% on your first level referrals and 0.2% on levels 2 to 5
  • Executive – personally convince people to invest 10,000,000 or more rubles and receive a 1,000,000 ruble bonus and 2% on your first level referrals and 0.2% on levels 2 to 5

Note that this is an ongoing monthly qualification requirement.

Bonus referral commission rates are applied for the month following qualification.

Joining Cashbery

Cashbery affiliate membership is free, however free affiliates can only earn referral commissions.

Full participation in the Cashbery MLM opportunity requires a minimum $17.54 investment.

Conclusion

Cashbery presents itself as a financial services provider on the front-end, but on the back-end is set up like your typical Ponzi scheme.

The company provides no evidence of loans taking place or being used to fund affiliate ROIs.

There is a “loans” tab on the Cashbery website, however it’s restricted to Russian visitors only.

Meanwhile the more a Cashbery affiliate invests, the higher their ROI.

And if you’re wondering why Cashbery has a 400 day maturity period, it’s because it appears the scheme has already collapsed once.

Last April the website Vklader reported Cashbery investors claiming non-payment;

I know that I was not the only one who was frozen and offered to throw money through insurance.

It’s such a sweet little SCAM! The project stopped paying.

When the yield reached 23%, they wrote that my account was frozen, ostensibly the borrowers did not return microloans.

But they ordered to pay 2 insurance for 10% and 20% of the contribution and then supposedly in 26 days promised to unfreeze.

This seems to have been addressed by locking up invested funds for 400 days.

That time-frame means Cashbery is likely to run into problems again sometime in the next 6-12 months (400 days = just over 13 months).

The only verifiable source of revenue entering Cashbery is new investment, which along with paying pyramid recruitment commissions, is likely also the prime source of ROI revenue.

Using newly invested funds to pay existing affiliates a ROI makes Cashbery a Ponzi scheme.

As with all Ponzi schemes, once affiliate recruitment dies down so too will new investment.

This will starve Cashbery of ROI revenue, eventually prompting a collapse.

As previously noted, Cashbery has an extraordinarily long maturity period. This gives Artur Vardanyan and whoever he’s working with plenty of time to cut and run when the time comes.

In this manner investor losses are maximized, as monopoly money ROIs can be paid to backoffices while Vardanyan quietly makes his getaway.

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