Boris CEO FVP Holdings securities fraud

0
7

[ad_1]

FVP Commerce operated within the buying and selling MLM area of interest.

The corporate additionally goes by FVP Holdings. FPV Commerce’s and FVP Holdings’ respective YouTube channels, it appears FPV Holdings was deserted in mid 2021.

Whereas FVP Holdings’ web site continues to be on-line, FVP Commerce seems to be the prevailing firm identify so we’ll go along with that.

FVP Commerce’s web site area (“fvptrade.com”), was registered by way of an deal with within the British Virgin Islands in December 2019.

FVP Holdings’ web site area (“fvpholdings.com”), was privately registered on the identical date.

FVP Commerce’s and FVP Holding’s web sites have been arrange in March 2020, each corporations launched shortly thereafter.

FVP Commerce represents it’s run by FVP Holdings founder Tim Sales space.

Sales space seems in an FVP Commerce Advertising video, uploaded to FVP Commerce’s official YouTube channel on August 4th 2020.

It’s your typical Boris CEO rented workplace affair, full with branded paraphernalia.

Whoever is definitely working FVP Commerce has gone to some effort to create a digital footprint for Sales space, however it all factors again to FVP Commerce. He doesn’t exist outdoors of the corporate’s advertising and marketing.

Additionally on FVP Commerce’s web site you’ll discover “Stacy Wright”.

Wright doesn’t seem in any of FVP Commerce’s advertising and marketing movies, as a result of she seems to be a Russian maths and physics non-public instructor:

The make-up makes it tough to substantiate so I’m not 100% positive on this. I’ve blocked out her identify as a precaution. The vital factor to notice right here is Wright being a instructor.

Within the linked FVP Commerce advertising and marketing video above we even have “David Moche”.

Moche is cited as founding father of Qfinity Labs. Qfinity Labs has a web site arrange at “qfinitylabs.com”, privately registered in March 2020 – when FVP Commerce’s and FVP Holdings’ web sites have been being created.

As per Moche’s Qfinity Labs company bio;

Dr. David Moche was born in Sarcelles, Paris, on January fifteenth, 1976. He attended highschool in Tel Aviv.

I’m no knowledgeable however the actor enjoying Moche has a European accent. It’d move for French.

I wasn’t in a position to lock down a reputation for Moche however I did discover somebody who appears to be like remarkably just like him:

That’s from 2016. It’s the actor enjoying Moche educating French at a faculty in Vietnam.

I’ll readily admit the varsity picture is at a bizarre angle. Should you have a look at the brow space, nostril, dark-circle eyes and chin/cheek traces round Mocha’s smile although, they’re all fairly related.

I felt way more assured I’d discovered Moche than I had “Stacy Wright”, however nonetheless I saved digging.

Additionally in FVP Commerce’s advertising and marketing video is FVP Commerce CEO “Jonathan Greene”:

Right here’s the actor enjoying Greene in December 2018, enjoying Santa Claus at an English college in Vietnam:

Should you’re not seeing it be aware the hole within the tooth and styled beard.

Three lecturers, two of them tied to Vietnam and one presumably from Russia – that’s an excessive amount of of a coincidence to disregard.

FVP Commerce started importing to its YouTube channel in March 2020. Early movies focusing on Chinese language audio system:

This flopped and noticed FVP Commerce add its final Chinese language video on April tenth.

FVP Commerce then pivoted to advertising and marketing in English solely. That culminated within the hiring of actors for his or her August 2020 video.

I can’t positively clarify why lecturers in Vietnam have been focused. Each China and Vietnam closed their borders in March 2020 resulting from COVID-19. Maybe it was simpler to seek out lecturers in Vietnam.

There’s additionally the likelihood that come 2020, the lecturers had moved on from Vietnam however given they labored at completely different faculties I feel that is unlikely.

In an try to look respectable, FVP Commerce has employed cubicles at numerous Finance occasions.

First there was the Finance Magnates London Summit, held in November 2021. The video is populated by a new forged of actors representing FVP Commerce.

Issues get a bit extra actual in December twenty eighth 2021, when FVP Commerce held a advertising and marketing occasion in Malaysia.

The occasion featured “performers” from China (streamed in) and fairly clearly aimed toward a Chinese language talking viewers.

FVP Commerce helpfully livestreamed a rehearsal of the occasion, the place we see this girl:

She introduces herself as Kaylee (I don’t know if that’s the proper spelling).

Kaylee has a particular accent I instantly recognised. She hosted the disastrous HyperNation launch occasion in Might 2022.

Kaylee simply seems to be a presenter and I don’t know if there’s any hyperlinks between Ryan Xu’s and Sam Lee’s Hyper* Ponzi schemes and FVP Commerce.

In all probability not, however it’s nonetheless amusing to see scammers from Asia utilizing the identical manufacturing firm to run their rip-off occasions.

Of be aware is none of FVP Commerce’s western instructor actors attending the Malaysia occasion. They solely put in a short look by way of a pre-recorded video message.

The purpose of FVP Commerce’s Malaysia occasion seems to have been to launch FVP Ex. This ties into FVP Commerce committing securities fraud by way of issuance of digital shares.

FXP Ex was speculated to launch in February 2022. That’s now been pushed again to “Q3 2022”:

In February 2022 FVP Commerce revealed ties to Dubai. Dubai is the MLM crime capital of the world. Any MLM firm representing it’s primarily based out or has ties to Dubai is virtually assured to be a rip-off.

FVP Commerce’s Dubai occasion was some meaningless doc signing between it and “Al-Mohannadi Group”.

Of be aware although was the presence of our western lecturers, suggesting they may have relocated to Dubai.

There was additionally the compulsory “pay for an advert on the Burj Khalifa” track and dance:

Later that very same month (Feb 2022), FVP Commerce purchased a sales space at iFX Expo Dubai.

Right here we noticed FVP Commerce’s western instructor actors with what seems to be their minders:

The actors from the London December 2021 expo weren’t wherever to be seen.

Right here’s a bunch shot of FVP Commerce’s staff in Dubai:

There are just a few token non-Asians however I feel you get the purpose.

We seem to have scammers with ties to China, Vietnam and Malaysia (presumably Singapore and a Russian tie-in too), who initially pitched to Chinese language buyers. After they realized that wasn’t working early on, they employed western lecturers to entrance their rip-off.

I imagine the one time FVP Commerce has put somebody who may really be tied to the corporate’s house owners on digicam, was in June 2021:

Samuel Chou, which in all probability isn’t that man’s actual identify both, doesn’t seem in any FVP Commerce advertising and marketing materials.

Primarily based on SimilarWeb visitors evaluation, FVP Commerce is presently being promoted in Italy (44%), Brazil (11%) and Indonesia (8%).

As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.

FVP Commerce’s Merchandise

FVP Commerce has no retailable services or products.

Associates are solely in a position to market FVP Commerce affiliate membership itself.

FVP Commerce’s Compensation Plan

FVP Commerce associates make investments $1000 or extra in “PAMM Packages”. That is accomplished on the promise of a month-to-month passive return.

There are two tiers of PAMM Packages, paying 2% to 10% a month:

  • Low Threat – 2% to 4% a month
  • Medium Threat – 4% to six% a month
  • Excessive Threat – 6% to 10% a month

FVP Commerce presents a bonus ROI on invested funds, with the intention of discouraging withdrawals:

  • make investments funds for 90 days and obtain a 1% month-to-month ROI bonus
  • make investments funds for 180 days and obtain a 2% month-to-month ROI bonus
  • make investments funds for 270 days and obtain a 4% month-to-month ROI bonus

Observe that FVP Commerce solely pays out 70% of ROI withdrawals. 20% is held for “activation” (necessary reinvestment?), and 10% is withheld in an “IPO Pockets”.

FVP Holding represents associates will have the ability to purchase firm shares by way of their IPO Pockets, however this doesn’t exist at time of publication.

The MLM aspect of FVP Commerce pays on recruitment of affiliate buyers.

FVP Commerce Affiliate Ranks

There are 5 affiliate ranks inside FVP Commerce’s compensation plan.

Together with their respective qualification standards, they’re as follows:

  • Member – join as an FVP Commerce affiliate and make investments $1000
  • IB – make investments $3000, recruit 5 Members or increased who collectively have invested $10,000, and generate $50,000 in complete downline funding quantity
  • SIB – make investments $5000, recruit three IBs and 5 Members or increased, who collectively have invested $20,000, and generate $300,000 in complete downline funding quantity
  • DIB – make investments $10,000, recruit three SIBs and 7 Members or increased, who collectively have invested $50,000, and generate $2,000,000 in complete downline funding quantity
  • MIB – make investments $30,000, recruit three DIBs and twelve Members or increased, who collectively have invested $200,000, and generate $8,000,000 in complete downline funding quantity

Referral Commissions

FVP Commerce associates earn a 50% referral fee on month-to-month generated returns paid to downline associates:

  • 50% on stage 1 (personally recruited associates) and
  • 50% on stage 2 (associates recruited by your personally recruited associates)

Observe that referral commissions are paid out month-to-month, on the proviso recruited associates don’t withdraw invested funds.

Residual Commissions

FVP Commerce pays residual commissions by way of a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned immediately underneath them (stage 1):

If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.

If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.

FVP Commerce caps residual commissions at six unilevel staff ranges.

Residual commissions are paid as a share of month-to-month generated returns throughout these six ranges primarily based on rank:

  • Members earn 3% on ranges 1 and a couple of
  • IBs and better earn 3% on ranges 1 to five and 5% on stage 6

Revenue Sharing

IB and better ranked FVP Commerce associates earn a bonus share match on their unilevel staff’s month-to-month ROI funds:

  • IBs earn 5% Revenue Sharing
  • SIBs earn 10% Revenue Sharing
  • DIBs earn 15% Revenue Sharing
  • MIBs earn 20% Revenue Sharing

Becoming a member of FVP Commerce

FVP Commerce affiliate membership seems to be tied to a minimal $1000 funding.

Full participation within the hooked up revenue alternative requires a $30,000 funding.

FVP Commerce Conclusion

FVP Commerce is an easy Ponzi scheme, wrapped in layers and layers of bullshit advertising and marketing.

Completely nothing on FVP Commerce’s web site is credible. The actors aren’t who they are saying they’re, FVP Commerce isn’t primarily based out BVI and the corporate has nothing to do with buying and selling.

FVP Commerce trots out the standard meaningless MyFXBook nonsense proof of exterior income technology.

These are simply faked however, extra importantly, should not an alternative to registration with monetary regulators.

FVP Commerce fairly clearly presents a passive funding alternative. This constitutes a safety and requires registration with monetary regulators – in each nation FVP Commerce solicits funding in.

FVP Commerce fails to offer proof it has registered with a monetary regulator in any jurisdiction.

Thus, at a minimal, FVP Commerce is committing securities fraud. Providing shares to associates, if that ever evolves past an excuse to withhold 10% of withdrawal funds, would see FVP Commerce add an extra layer of securities fraud to its scheme.

Because it stands the one verifiable income getting into FVP Commerce is new funding.

Utilizing new funding to pay month-to-month returns to associates makes FVP Commerce a Ponzi scheme.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This can starve FVP Commerce of ROI income, ultimately prompting a collapse.

The maths behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.



[ad_2]

LEAVE A REPLY

Please enter your comment!
Please enter your name here