MGM Capital (aka MGM Capital Merchants), fails to offer possession or govt data on its web site.
MGM Capital’s web site area (“mgmcapital.co”), was registered in November 2022. The non-public registration was final up to date on October thirtieth, 2023.
MGM Capital’s official Twitter profile was created in August 2023. As of September thirteenth, the corporate was nonetheless “coming quickly”.
Regardless of solely present for a couple of months, on its web site MGM Capital falsely claims to have “an combination experience surpassing 100 years”.
Of notice is MGM Capital denoting its location on Twitter because the UAE. Sometimes this implies Dubai, the MLM crime capital of the world.
Over on YouTube, MGM Capital has uploaded three advertising movies. The movies are hosted by a male going by “HappyMan”.
There’s additionally an “MGMCapital” consumer on one of many webinars. The consumer has their digicam disabled however, as above, it does activate at the least as soon as in the course of the broadcast.
I’m not 100% on his accent however HappyMan appears like he’s from Malaysia or the Philippines (respect anybody capable of verify within the feedback under).
In MGM Capital’s YouTube movies, “Sunshine Lee” is introduced as CEO of the corporate.
Lee doesn’t exist exterior of MGM Capital’s advertising however is represented on MGM Capital’s advertising webinars.
As all the time, if an MLM firm just isn’t brazenly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
MGM Capital’s Merchandise
MGM Capital has no retailable services or products.
Associates are solely capable of market MGM Capital affiliate membership itself.
MGM Capital’s Compensation Plan
MGM Capital associates make investments USD equivalents in cryptocurrency.
That is carried out on the promise of marketed passive returns:
- Bronze Plan – make investments $25 to $999 and obtain 1% a day for 90 days
- Silver Plan – make investments $1000 to $9999 and obtain 1.25% a day for 120 days
- Gold Plan – make investments $10,000 to $100,000 and obtain 1.5% a day for 200 days
- Diamond Plan – make investments $101,000 to $1,000,000 and obtain 2% a day for 230 days
- Platinum Compounding – make investments $100 to $1,000,000 and obtain 1% a day for 180 days
The MLM aspect of MGM Capital pays on recruitment of affiliate buyers.
MGM Capital Affiliate Ranks
There are twelve affiliate ranks inside MGM Capital’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Starter – have an lively $100 funding, recruit three associates and generate at the least $5000 in downline funding quantity
- Silver – have an lively $250 funding, recruit 4 associates and generate at the least $10,000 in downline funding quantity
- SilverPro – have an lively $500 funding, recruit 5 associates and generate at the least $20,000 in downline funding quantity
- Gold – have an lively $1000 funding, recruit six associates and generate at the least $50,000 in downline funding quantity
- GoldPro – have an lively $2000 funding, recruit seven associates and generate at the least $75,000 in downline funding quantity
- Platinum – have an lively $3000 funding, recruit eight associates and generate at the least $100,000 in downline funding quantity
- PlatinumPro – have an lively $5000 funding, recruit 9 associates and generate at the least $200,000 in downline funding quantity
- Diamond – have an lively $10,000 funding, recruit ten associates and generate at the least $500,000 in downline funding quantity
- DiamondPro – have an lively $25,000 funding, recruit eleven associates and generate at the least $1,000,000 in downline funding quantity
- Ambassador – have an lively $50,000 funding, recruit twelve associates and generate at the least $2,000,000 in downline funding quantity
- Regional Ambassador – have an lively $75,000 funding, recruit 13 associates and generate at the least $6,000,000 in downline funding quantity
- International Ambassador – have an lively $100,000 funding, recruit twenty associates and generate at the least $500,000 in downline funding quantity
Referral Commissions
MGM Capital pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned instantly below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Referral commissions are paid as a proportion of invested funds down ten ranges of recruitment:
- Starter and Silver ranked associates earn 8% on degree 1 (personally recruited associates) and 1% on ranges 2 to six
- SilverPro and Gold ranked associates earn 8% on degree 1, 1% on ranges 2 to six and 0.5% on degree 7
- GoldPro and Platinum ranked associates earn 8% on degree 1, 1% on ranges 2 to six and 0.5% on ranges 7 and eight
- PlatinumPro and Diamond ranked associates earn 8% on degree 1, 1% on ranges 2 to six and 0.5% on ranges 7 to 9
- Diamond Professional and better ranked associates earn 8% on degree 1, 1% on ranges 2 to six and 0.5% on ranges 7 to 10
ROI Match
MGM Capital pays an ROI match on every day returns paid to downline associates recruited into the unilevel group (see “referral commissions” above).
The ROI Match is paid out down 5 ranges of recruitment:
- degree 1 – 8% match
- degree 2 – 2% match
- ranges 3 to five – 1% match
Management Bonus
Ambassador and better ranked MGM Capital associates “obtain a 2% override on their complete group”.
This overrides pertains to new funding tied to downline recruitment.
Rank Achievement Bonus
MGM Capital associates earn a Rank Achievement Bonus after they qualify at Bronze and better.
- qualify at Bronze and obtain $50
- qualify at Silver and obtain $100
- qualify at SilverPro and obtain $200
- qualify at Gold and obtain $500
- qualify at GoldPro and obtain $750
- qualify at Platinum and obtain $1500
- qualify at PlatinumPro and obtain $4000
- qualify at Diamond and obtain $10,000
- qualify at DiamondPro and obtain $30,000
- qualify at Ambassador and obtain $100,000
- qualify at Regional Ambassador and obtain $250,000
- qualify at International Ambassador and obtain $500,000
Becoming a member of MGM Capital
MGM Capital affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $25 funding.
MGM Capital solicits funding in varied cryptocurrencies.
MGM Capital Conclusion
MGM Capital represents it generates exterior income by
unmatched proficiency in renewable vitality, foreign exchange, shares, commodities, cryptocurrencies, actual property, oil, and gold buying and selling, in addition to enterprise acquisitions
Collectively, MGM Capital refers to this as a “multi-asset administration” mannequin.
No proof of MGM Capital paying withdrawals with funds derived from the acknowledged strategies is offered.
Moreover, even when we take MGM Capita’s return income ruses at face worth, the enterprise mannequin fails the Ponzi logic take a look at.
If MGM Capital already has a “multi-asset administration” mannequin legitimately able to producing as much as 2% a day on a constant foundation, what do they want your cash for?
On the regulatory entrance, MGM Capital’s passive returns funding alternative constitutes a securities providing. MGM Capital fails to offer proof it has registered with monetary regulators in any jurisdiction.
Which means at a minimal MGM Capital is committing securities fraud.
Because it stands the one verifiable income getting into MGM Capital is new funding.
Utilizing new funding to pay affiliate withdrawals would make MGM Capital a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve MGM Capital of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.