Glofen fails to offer possession or govt data on its web site.
Glofen’s web site area (“glofen.com”), was first registered in 2019. The personal registration was final up to date on October thirtieth, 2024.
In an try to look official, Glofen offers registration particulars for Ekonomitjänst G.Löf.
Ekonomitjänst G.Löf was purportedly registered in 2001. This clearly predates Glofen, that means Ekonomitjänst G.Löf has nothing to do with Glofen.
This is only one discrepancy on Glofen’s web site. Loads of the location reads like AI generated hallucinations.
Of word is referenced to IC Markets in Glofen’s web site source-code:
Opening up IC Markets’ web site reveals it’s working the identical template as Glofen’s. IC Markets seems to be an unregistered buying and selling platform run by means of Uncooked Buying and selling LTD, a Seychelles shell firm.
IC Markets is probably going fraudulent, owing to a number of geographic restrictions;
Uncooked Buying and selling Ltd doesn’t present companies for residents of sure international locations resembling the US of America, Canada, Brazil, Israel, New Zealand, Iran and North Korea (Democratic Individuals’s Republic of Korea) or a rustic the place such distribution or use can be opposite to native legislation or regulation.
The identical folks working IC Markets are doubtless behind Glofen.
As all the time, if an MLM firm just isn’t overtly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Glofen’s Merchandise
Glofen has no retailable services or products.
Associates are solely capable of market Glofen affiliate membership itself.
Glofen’s Compensation Plan
Glofen solicits funding on the promise of marketed passive returns:
- Silver – make investments $500 or extra and obtain 1.5% a day
- Gold – make investments $5000 or extra and obtain 2% a day
- Platinum – make investments $10,000 or extra and obtain $4% a day
- Platinum Professional – make investments $20,000 or extra and obtain 4.5% a day
- Diamond – make investments $100,000 or extra and obtain 5% a day
By means of a CBD oil ruse, Glofen additionally pitches a 50% 60-day return on $2000 or extra investments.
Glofen pays referral commissions on invested funds down two ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 10%
- degree 2 – 5%
Becoming a member of Glofen
Glofen affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $500 funding.
Glofen solicits funding in numerous cryptocurrencies.
Glofen Conclusion
Glofen presents as an internet site template full of buying and selling themed nonsense.
This serves as a ruse to illegally solicit funding into an unregistered and due to this fact fraudulent funding scheme.
As an example the extent of nonsense offered on Glofen’s web site, we’ve this:
With affiliate and enterprise accounts valued at over $25 billion yearly, tax liens current a scalable funding alternative.
Glofen enhances market sophistication and innovation by means of superior know-how options {and professional} instruments, making certain efficient efficiency now and sooner or later.
Contemplating Glofen pitches as much as 5% a day, that’s $1.25 billion every day. Clearly that’s not taking place by means of a dinky template web site arrange with machine-generated rubbish waffle.
Because it stands, the one verifiable income getting into Glofen is new funding.
Utilizing new funding to pay ROI withdrawals would make Glofen a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will see Glofen collapse, ensuing within the majority of contributors dropping cash.