When a BehindMLM reader reached out requesting a “Solar Cash” replace to our 2016 Solar Cash Community overview, I initially thought the corporate have been unrelated.
Solar Cash Community was a Ponzi scheme pitching buyers on month-to-month returns, purportedly generated by way of photo voltaic electrical energy technology.
Someday between our 2016 overview and Solar Cash launching, Solar Cash Community collapsed.
Tóth Levente was cited as Solar Cash Community’s Basic Supervisor and solely named govt.
Right this moment Solar Cash’s web site solely cites Gabor Eisenbart as proprietor and founding father of the corporate.
With a little bit of further digging on our reader’s half although, they have been capable of set up Tóth Levente was tied to Solar Cash as a co-founder.
Ergo Solar Cash is a continuation of the collapsed Solar Cash Community Ponzi scheme. Gabor Eisenbart now fronts the scheme, with Levente evidently hiding within the shadows.
Solar Cash operates from the area (“sunmoney.com”), first registered in 2002. Via the Wayback Machine we will see the area was on the market up till not less than late 2016.
Solar Cash’s present web site went reside on or round Could 2017, marking buy of the area the transition away from Solar Cash Community.
Of observe is Solar Cash citing three company places on its web site;
- Dubai, connected to the shell firm SunMoney Photo voltaic FZ LLE
- Germany, connected to the shell firm SunMoney Photo voltaic GmbH
- Singapore, connected to the shell firm SunMoney Photo voltaic Pte. Ltd.
Of the three places, Dubai seems to be Solar Cash’s major base of operations.
SUNMONEY Photo voltaic FZ LLE is the monetary heart of SUNMONEY Photo voltaic Group. The entire contracts and funds are issued from right here.
Apparently sufficient Solar Cash’s official FaceBook web page is managed from Hungary.
This means Solar Cash won’t have any precise bodily ties to Dubai.
Nonetheless as a result of proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s pointers for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm is predicated out of or represents it has ties to Dubai, it’s a rip-off.
If you wish to know particularly how this is applicable to Solar Cash, learn on for a full overview.
Solar Cash’s Merchandise
Solar Cash has no retailable services or products.
Associates are solely capable of market Solar Cash affiliate membership itself.
Solar Cash’s Compensation Plan
Solar Cash associates make investments funds on the promise of a month-to-month passive return:
- eSolar Begin- €150 EUR
- eSolar Professional – €500 EUR
- eSolar Enterprise – €2000 EUR
- eSolar 2020 – €10,000 EUR
(photo voltaic bundle advertising and marketing)
Particular ROI charges aren’t disclosed however are promised for 25 years. As above although, Solar Cash does state the extra an affiliate invests the upper their ROI fee.
The MLM aspect of Solar Cash pays on recruitment of affiliate buyers.
Referral Commissions
Solar Cash pays a referral fee on euros invested down two ranges of recruitment (unilevel):
- eSolar Begin tier associates earn a 15% referral fee fee on degree 1 (personally recruited associates) and 10% on degree 2
- eSolar Professional tier associates earn a 20% referral fee fee on degree 1 and 10% on degree 2
- eSolar Enterprise and eSolar 2020 tier associates earn a 33% referral fee fee and 10% on degree 2
Neighborhood Direct Bonus
Solar Cash’s Neighborhood Direct Bonus is pitched as a ten% bonus paid on month-to-month new downline funding quantity.
Sensible Digital Enterprise Community
Solar Cash’s Sensible Digital Enterprise Community scheme sees associates spend money on SDBN tokens.
That is executed on the promise of assured returns, paid out in SDBN tokens.
The SDBN2 token’s computerized worth technology mechanism permits holders to earn constant passive earnings, which
represents a financially enticing capital allocation alternative.
Returns are purportedly generated by way of a solar energy AI grift;
The tangible hedge for SDBN2 comes from solar energy technology capability.
SunMoney AI will then use a part of the earnings to extend the capability of token holders.
Lastly, observe that when invested in, associates can’t money out their SDBN tokens for 2 years;
After a two-year vesting section, holders will obtain month-to-month passive earnings from their expanded photo voltaic capability.
Becoming a member of Solar Cash
Solar Cash affiliate membership is tied to an preliminary €150 to €10,000 EUR funding.
The extra a Solar Cash affiliate invests the upper their earnings potential.
Solar Cash Conclusion
The names have modified however the underlying securities fraud of Solar Cash stays the identical.
Regardless of claiming to have launched in 2013 and all of the discuss of producing exterior income by way of photo voltaic panels, over the previous eleven years Solar Cash has didn’t register with any monetary regulators.
This consists of The Central Financial institution of Hungary, from which it seems Solar Cash is working from.
Along with not registering with monetary regulators, Solar Cash has additionally failed to supply customers with a single audited monetary report.
Such stories are usually not solely legally required to be filed with regulators, they’re additionally the solely method customers can confirm Solar Cash’s exterior income technology claims.
As was the case again in 2016 with Solar Cash Community, the one verifiable income getting into Solar Cash is new funding.
One main evolution of Solar Cash from Solar Cash Community is the transition to cryptocurrency fraud.
Solar Cash runs what is actually a parallel Ponzi scheme by way of Sensible Digital Enterprise Community and SDBN tokens.
Via this scheme, Solar Cash solicits funding in tether (USDT), which is transformed into SDBN tokens it generates.
The enterprise mannequin of the Sensible Digital Enterprise Community is a mixture of a completely automated gross sales system and the SunMoney Neighborhood Energy Plant program.
The fund consists of 8,000 Sensible Digital Enterprise Community packages with a face worth of $4,000,000.
This fund was divided into 400,000,000 tokens with a face worth of 1 cent or 0.01USD.
As per the advertising and marketing copy above, Solar Cash ensures the worth of SDBN by backing it with its unregistered securities funding packages.
This in fact is unnecessary, because the packages themselves are nugatory except they’re connected to new funding (Solar Cash producing packages out of skinny air to again its tokens doesn’t generate any new funding).
SDBN and its subsequent variants (SDBN2, SDBN3 and so forth.), are BSC-20 tokens.
BSC-20 tokens could be created in a couple of minutes at little to no price.
As soon as invested in, SDBN tokens are locked for 2 years – after which month-to-month returns are promised.
And as one SDBN token scheme collapses, Solar Cash simply begins up one other one.
As with its major “eSolar bundle” funding scheme, Solar Cash’s Sensible Digital Enterprise Community funding scheme can be not registered with monetary regulators.
Because it stands, the one verifiable income getting into Solar Cash is new funding.
Utilizing new funding to pay affiliate withdrawals would make Solar Cash a Ponzi scheme. With nothing marketed or offered to retail prospects, the MLM aspect of Solar Cash moreover operates as a pyramid scheme.
As with all MLM Ponzi schemes, as soon as Solar Cash affiliate recruitment dries up so too will new funding.
This can starve Solar Cash of withdrawal income, ultimately prompting a collapse.
The excellent news is that this a few years in, curiosity in Solar Cash’s fraudulent funding scheme is virtually non-existent.
For February 2024, SimilarWeb tracked simply ~1800 month-to-month visits to Solar Cash’s web site. Outdoors of Hungary (47%), Ukraine (44%) and Greece (9%), recruitment of latest Solar Cash buyers is lifeless.