Best CoffeeGems Review: Coffee themed bitcoin Ponzi scheme
CoffeeGems operates in the coffee MLM niche. The company claims it was founded by “two dreamers, Abelardo and Antônia Santos”.
Supposedly the Santos’ are based out of Brazil and have “years of experience in the coffee production industry”.
If you run a search for either name however, nothing comes up in relation to coffee outside of CoffeeGems.
Seeing as the Santos’ appear on CoffeeGems’ website in name only, this puts a question mark on whether they actually exist.
CoffeeGems’ website domain (“coffeegems.com”) was first registered in November 2015.
The private domain registration was last updated on October 12th, 2019.
I was able to verify through the Wayback Machine that prior to October 2019, CoffeeGems’ domain was for sale.
This confirms that the current owner(s) took possession of the domain in October 2019.
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.
CoffeeGems has no retailable products or services, with affiliates only able to market CoffeeGems affiliate membership itself.
CoffeeGem’s Compensation Plan
CoffeeGem affiliates invest bitcoin on the promise of an advertised weekly return:
- Jamaican Blue – invest $50 to $99 worth of bitcoin and receive up to $8 a week
- Kopi Luwak – invest $100 to $499 worth of bitcoin and receive up to $40 a week
- Hacienda La Esmeralda – invest $500 to $999 worth of bitcoin and receive up to $80 a week
- Finca El Injerto – invest $1000 to $4999 worth of bitcoin and receive up to $400 a week
- Black Ivory – invest $5000 to $20,000 worth of bitcoin and receive up to $1600 a week
The math comes to roughly 8% a week, with returns paid out for two years.
A 13% direct referral commission is paid on funds invested by personally recruited affiliates.
CoffeeGems pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day CoffeeGems tallies up new investment volume on both sides of the binary team.
Affiliates are paid 10% of investment volume on their weaker binary team side.
Note that CoffeeGems caps payable binary team levels based on how much an affiliate has invested:
- invest at the Jamaican Blue tier and earn residual commissions down six binary team levels
- invest at the Kopi Luwak tier and earn residual commissions down eleven binary team levels
- invest at the Hacienda La Esmeralda tier and earn residual commissions down fifteen binary team levels
- invest at the Finca El Injerto tier and earn residual commissions down eighteen binary team levels
- invest at the Black Ivory tier and earn residual commissions down twenty-one unilevel team levels
Once paid out on, funds are matched against the stronger binary team side and flushed.
Any leftover volume on the stronger binary team side is carried over.
CoffeeGems affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $50 investment.
CoffeeGems is a simple bitcoin Ponzi scheme wrapped in coffee marketing.
A company aimed to deliver the world’s best beans for your company’s coffee production so that your customers could enjoy premium quality coffee.
There’s no evidence of CoffeeGems having anything to do with coffee, outside of the marketing coffee on its website.
Furthermore CoffeeGems’ business model fails the Ponzi logic test.
Started as a small family-based business, Coffeegems took its first step on the 23rd of November 2015.
Coffeegems operates beyond the border and serves coffee companies around the globe.
Our company operates in over 60 countries and plans to expand its operations in other countries as there is a high demand for our coffee beans throughout the world.
Right now, Coffeegems supplies Coffee beans to more than 100 coffee brands globally. Presently the number of companies we are associated with is 220.
First there’s the fact that CoffeeGems didn’t exist until October 2019, when its website domain was purchased.
Secondly the coffee industry doesn’t do business in bitcoin, so it makes no sense for a company representing itself as a major player in the coffee industry to be soliciting investment in bitcoin.
Finally if Abelardo and Antônia Santos already had a coffee business capable of generating at least 8% a week, what do they need your money for?
As it stands the only verifiable source of revenue entering CoffeeGems is new investment.
Using new investment to pay existing investors an 8% weekly ROI makes CoffeeGems a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve CoffeeGems of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
If you’ve been swindled by a forex scammer, it’s not too late. While you may need to go to court if you’ve paid them by cash or check – good luck suing a con artist in Belize – credit card and bank transfer payments are more common, since they allow easy transfer of funds from country to country. In this case, you can simply have your bank or credit card company issue a chargeback to recover your money. This can be a complex, time-consuming, and intimidating process for the average person. Shieldforensics has been getting people’s money back for years. Contact us for a free consultation. We recover your money or you owe us nothing. It’s that simple.
Read Also https://www.shieldforensics.com
Read Also: https://review-verse.com