SI Group, or System Investments Group, fails to supply possession or government info on its web site.
SI Group’s web site area (“sigroup.prime”), was first registered in 2021. The non-public registration was final up to date on Could fifth, 2024.
Regardless of current since 2021 on the earliest, on its web site SI Group falsely claims it “was established in 2017”.
In an try to look reliable, SI Group offers a shell firm certificates for System Investments Group LTD in Belize.
Belize is a tax haven. Any MLM firm representing it’s primarily based out of or has ties to Belize raises an instantaneous pink flag.
Moreover as a result of ease with which scammers are capable of incorporate shell firms with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
On the regulatory entrance, the Central Financial institution of Russia issued a SI Group pyramid fraud warning on Could fifteenth, 2024.
As all the time, if an MLM firm just isn’t overtly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
SI Group’s Merchandise
SI Group has no retailable services or products.
Associates are solely capable of market SI Group affiliate membership itself.
SI Group’s Compensation Plan
SI Group associates make investments funds on the promise of marketed returns:
- Gentle – make investments $50 to $500 and obtain 1.5% a day for 20 days
- Optimum – make investments $500 to $1000 and obtain 1.7% a day for 30 days
- Superior – make investments $1000 to $2000 and obtain 3.9% a day for 45 days
- Very good – make investments $1000 to $5000 and obtain 2% a day for 60 days
- Premium – make investments $2000 to $50,001 and obtain 2.5% a day for 80 days
SI Group pays referral commissions on invested funds down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 5%
- degree 2 – 2%
- degree 3 – 1%
Becoming a member of SI Group
SI Group affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $50 funding.
SI Group solicits funding in USD (by means of PerfectMoney) and varied cryptocurrencies.
SI Group Conclusion
SI Group represents it generates exterior income by way of cryptocurrency buying and selling.
Our group consists of extremely certified specialists, merchants, analysts from completely different components of the world who’ve gathered collectively for buying and selling on the cryptocurrencies change.
SI Group fails to supply verifiable proof it generates exterior income of any sort.
Moreover, SI Group’s enterprise mannequin fails the Ponzi logic take a look at.
If SI Group is already buying and selling cryptocurrency to the tune of three.9% a day, what do they want your cash for?
Because it stands, the one verifiable income getting into SI Group is new funding.
Utilizing new funding to pay affiliate withdrawals would make SI Group a Ponzi scheme.
As supported by CBR’s fraud warning, the MLM aspect of SI Group operates as a pyramid scheme. This is because of nothing being marketed or bought to retail clients.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve SI Group of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of individuals lose cash.