Fabulous International Enterprise fails to supply verifiable possession or govt data on its web site.
A Fabulous International Enterprise “Board of Administrators” is offered, that includes individuals who don’t have anything to do with the corporate.
Fabulous International Enterprise’s web site area (“fabulousglobalventure.io”), was privately registered on July twelfth, 2023.
Within the footer of Fabulous International Enterprise’s web site we discover particulars for “Ping An”:
Ping An is a Chinese language conglomerate based mostly out of Shenzen. Value ~$136 billion as of March 2021, Ping An is the world’s largest insurer.
For sure, there is no such thing as a proof Ping An has something to do with Fabulous International Enterprise.
As a substitute, we seemingly have Chinese language scammers working out of Vietnam.
SimilarWeb tracked simply ~350 visits to Fabulous International Enterprise’s web site for September 2023. 100% of those visits originated from Vietnam.
350 month-to-month web site visits tells us Fabulous International Enterprise hasn’t taken off since July. The determine is so low that almost all of these visits are prone to be admin associated.
As at all times, if an MLM firm just isn’t brazenly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Fabulous International Enterprise’s Merchandise
Fabulous International Enterprise has no retailable services or products.
Associates are solely capable of market Fabulous International Enterprise affiliate membership itself.
Fabulous International Enterprise’s Compensation Plan
Fabulous International Ventures solicits funding USD equivalents in cryptocurrency.
That is performed on the promise of marketed returns:
- Fundamental Minting – make investments $200 to $50,000 and obtain 2.05% a day for six days
- Customary Minting – make investments $50,000 or extra and obtain 2.18% a day for six days
- Fundamental Compound Minting – make investments $10,000 to $50,000 and obtain 2.1% a day for 28 days
- Customary Compound Minting – make investments $50,000 or extra and obtain 2.3% a day for 42 days
Fabulous International Ventures pays referral commissions on invested cryptocurrency down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 2%
- stage 2 – 5%
- stage 3 – 12%
Word that that is at odds with Fabulous International Enterprise’s marketed funding plans, which cite an 8% referral fee.
Becoming a member of Fabulous International Enterprise
Fabulous International Enterprise affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $200 funding.
Fabulous International Enterprise solicits funding in varied cryptocurrencies.
Fabulous International Enterprise Conclusion
Fabulous International Enterprise represents it generates exterior income by way of foreign exchange and crypto buying and selling, “inventory and commodities” and actual property funding.
No proof of Fabulous International Enterprise paying withdrawals with income generated from any of those actions is supplied.
Between faux affiliation with Ping An, a faux Board of Administrators, faux exterior income ruses and different nonsense…
…the whole lot on Fabulous International Enterprise’s web site seems to be a lie.
Because it stands, the one verifiable income coming into Fabulous International Enterprise is new funding.
Utilizing new funding to pay affiliate withdrawals would make Fabulous International Enterprise a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Fabulous International Enterprise of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of members lose cash.