Islam bros’ SageMaster securities fraud


A reader just lately wrote in asking about Be’s new SageMaster auto buying and selling providing.

In looking I famous Be had additionally spun up a brand new area, marking the fifth area Be has migrated to. They’re additionally now going by Be Membership.

Seeing as BehindMLM reviewed Be again in 2020, as we speak we’re revisiting Be as Be Membership for an up to date evaluate.

The Firm

Be Membership is run by co-founders Monir, Moynul and Ehsaan Islam.

Monir and Moyn Islam are former OneCoin scammers.

Initially from the UK, the Islam brothers fled to Dubai after OneCoin collapsed in 2017.

Protected from authorities investigating OneCoin, the Islam brothers went on to launch Melius in 2018.

Melius pitched a $50,000 passive foreign currency trading account for simply $3000. Hooked up to this was a pyramid scheme compensation plan.

Melius collapsed in early 2020, prompting the Islam brothers to reboot as Higher Expertise, sometimes shortened to “Be”.

Previous and current web site domains linked to Be embrace:

  • befactor.com (authentic area)
  • berules.com
  • betoinspire.com
  • be.membership
  • beclub.com (present area as of ~April 2024)

Be Membership’s area shuffles sometimes correspond to regulatory fraud warnings:

Be Membership’s Merchandise

Be Membership has no retailable services or products.

Associates are solely capable of market Be Membership affiliate membership itself.

Be Membership affiliate membership gives entry to numerous programs and an automatic AI buying and selling bot.

Be Membership’s Compensation Plan

Be Membership associates join and pay subscription charges:

  • Bronze – prices not disclosed
  • Silver – prices not disclosed
  • Gold – $999 after which $99 a month, or $1890 for 12 months after which $891 yearly

Be Membership additionally affords different six-month subscription pricing for “growing international locations”:

  • Bronze – $499
  • Silver – $899
  • Gold – $1149

The MLM facet of Be Membership pays on recruitment of associates who additionally buy subscriptions.

Recruitment Commissions

Be Membership associates earn a 15% fee on gross sales quantity generated by subscription payment funds by personally recruited associates.

Recruitment commissions are elevated to 30% if a Be Membership affiliate recruits a Gold or increased tier affiliate.

Residual Commissions

Be Membership pays residual commissions through a binary compensation construction.

A binary compensation construction locations an affiliate on the prime of a binary group, break up into two sides (left and proper):

The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).

Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.

Positions within the binary group are stuffed through direct and oblique recruitment of associates. Be aware there isn’t any restrict to how deep a binary group can develop.

On the finish of every week, Be Membership tallies up new subscription payment quantity on either side of the binary group.

Residual commissions are paid based mostly on how a lot downline subscription payment quantity is generated over a rolling 4 week “cycle”.

  • Guide – generate 1200 GV on either side of the binary group and obtain $500
  • Sapphire – generate 4000 GV on either side of the binary group and obtain $1500
  • Ruby – generate 14,000 GV on either side of the binary group, recruit and preserve three associates and obtain $4000
  • Emerald – generate 29,500 GV on either side of the binary group, preserve three personally recruited associates and obtain $8500
  • Diamond – generate 60,000 GV on either side of the binary group, preserve three personally recruited associates and obtain $15,000
  • Govt Diamond – generate 90,000 GV on either side of the binary group, recruit and preserve 4 associates and obtain $30,000
  • Presidential Diamond – generate 180,000 GV on either side of the binary group, recruit and preserve 5 associates and obtain $60,000
  • Royal Diamond – generate 370,000 GV on either side of the binary group, preserve 5 personally recruited associates and obtain $120,000
  • Ambassador – generate 1,110,000 GV on either side of the binary group, preserve 5 personally recruited associates and obtain $280,000
  • Crown Ambassador – generate 3,300,000 GV on either side of the binary group, preserve 5 personally recruited associates and obtain $600,000
  • Icon – generate 9,999,000 GV on either side of the binary group, preserve 5 personally recruited associates and obtain $1,000,000
  • Legend – generate 23,999,999 GV on either side of the binary group, preserve 5 personally recruited associates and obtain $2,000,000

GV stands for “Group Quantity”. GV, cited as “BV” in Be Membership’s advertising and marketing, is calculated at roughly a half to a 3rd of precise subscription payment quantities paid.

Matching Bonus

Be Membership pays a Matching Bonus through a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the prime of a unilevel group, with each personally recruited affiliate positioned straight beneath them (stage 1):

If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.

If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.

The Matching Bonus is paid as 10% of residual commissions earned in every unilevel group leg.

Be Membership caps the Matching Bonus per leg based mostly on an affiliate’s residual fee rank for the qualifying month:

  • Consultants earn a match of as much as $100 per unilevel group leg
  • Sapphires earn a match of as much as $300 per unilevel group leg
  • Rubys earn a match of as much as $500 per unilevel group leg
  • Emeralds earn a match of as much as $1000 per unilevel group leg
  • Diamonds earn a match of as much as $2000 per unilevel group leg
  • Presidential Diamonds and better earn a match of as much as $2500 per unilevel group leg

Generational Matching Bonus

Be Membership pays Emerald and better ranked associates a Matching Bonus.

The Matching Bonus is paid through the identical unilevel compensation construction because the Matching Bonus (see “Matching Bonus” above).

Be Membership defines generations inside every unilevel group leg when an Emerald of upper ranked affiliate is discovered within the leg.

This primary ranked affiliate caps off the primary era for that leg, with the second starting instantly after.

If a second Emerald or increased ranked affiliate exists deeper within the leg, they cap off the second era. The third era of the leg begins after them.

If no second Emerald or increased ranked affiliate exists, the second era of that leg extends down the total depth of the leg.

Utilizing this generational construction, Be Membership pays the Matching Bonus on residual commissions earned throughout the unilevel group on as much as 4 generations per leg:

  • 5% match on the primary era
  • 3% match on the second and third generations
  • 2% match on the fourth era

Be aware that the Generational Matching Bonus is capped based mostly on an affiliate’s residual fee rank for the qualifying month:

  • Emeralds can earn as much as $2000
  • Diamonds can earn as much as $4000
  • Presidential Diamonds can earn as much as $6000
  • Royal Diamonds can earn as much as $8000
  • Ambassadors can earn as much as $15,000
  • Crown Ambassadors can earn as much as $25,000
  • Icons and Legends can earn as much as $50,000

Becoming a member of Be Membership

Be Membership affiliate membership is free.

Full participation within the hooked up revenue alternative requires an lively subscription:

  • Bronze – prices not disclosed
  • Silver – prices not disclosed
  • Gold – $999 after which $99 a month, or $1890 for 12 months after which $891 yearly

Be Membership additionally affords different six-month subscription pricing for “growing international locations”:

  • Bronze – $499
  • Silver – $899
  • Gold – $1149

Be Membership Conclusion

Be Membership in 2024 sees the Islam brothers return to their securities fraud roots with OneCoin after which Melius.

Be Membership isn’t an outright Ponzi scheme like OneCoin was. As a substitute its extra aligned with Melius’ “$50,000 passive foreign currency trading account for $3000” nonsense.

Regardless, by automated buying and selling Be Membership commits securities and commodities fraud nonetheless.

In 2020 Be bundled all method of third-party companies to its subscriptions. This included a journey low cost portal, name/chat app, rideshare app, cost platform and enterprise constructing app.

Whereas there’s nonetheless some confusingly offered companies on provide on Be Membership’s web site, the advertising and marketing is all about SageMaster.

SageMaster is your typical AI buying and selling bot scheme. No possession or govt particulars are supplied on SageMaster’s web site.

By itself web site, SageMaster represents it’s run by the British West Indies shell firm TechHost Worldwide Inc.

The dearth of disclosure on who owns SageMaster may be attributed to the Islam brothers proudly owning Techhost Worldwide:

SageMaster’s passive returns AI buying and selling service constitutes a securities providing. Regardless of this, neither SageMaster or Be Membership gives proof it has registered with securities and commodities regulators in any jurisdiction.

Not directly acknowledging this fraud, SageMaster states this of their web site phrases and circumstances;

The Firm’s Providers will not be out there to residents of, people situated in, or entities managed by sure international locations.

These embrace, however will not be restricted to, the US of America (USA) and the territories managed by it, the United Arab Emirates (UAE).

Within the SEC and CFTC, the US has probably the most lively securities and commodities regulators on the earth. The UAE is after all the place the Islam brothers fled to after OneCoin collapsed.

Dubai is likely to be a laughing inventory on the world stage in the case of regulation, however the US is a really actual menace to scammers committing securities and/or commodities fraud.

This brings us to Be Membership shamelessly concentrating on “growing international locations”:

As of August 2024, SimilarWeb tracked simply 2800 visits to Be Membership’s web site. 98% of that visitors originated from Columbia.

It seems that Be Membership is likely to be relying totally on SageMaster’s personal web site. Throughout the identical August 2024 interval, SimilarWeb tracked ~121,000 visits to SageMaster’s web site (“sagemaster.io”, registered in Could 2022).

Deliberately concentrating on poor folks in international locations with little to no regulatory infrastructure is simply… properly, it actually speaks to the character of the Islam brothers. I’ll go away it at that.

I did notice the point out of “retail clients” in Be Membership’s compensation documentation…

…however this is unnecessary. All one can do on Be Membership’s web site is join as a promoter (for free of charge).

A subscription is required to take part within the MLM alternative, and so now we have everybody in Be Membership categorized as an affiliate. This implies Be Membership has no retail clients.

That is in step with BehindMLM’s 2020 Be evaluate, wherein we famous Be was working a pyramid scheme. Constructing on that, SageMaster now provides securities and commodities fraud.

The precise fraud mannequin used here’s what BehindMLM refers to as “lulz can’t contact our cash!”. Beneath this mannequin, traders are duped into believing that as a result of funds are traded in their very own dealer/alternate accounts, they’ll’t be stolen.

That is false. Sometimes “lulz can’t contact our cash!” schemes exit-scam by blowing the bot up or rigged trades.

Rigged trades is the popular exit-scam, as this sees funds transferred to the bot’s house owners (the Islam brothers).

Nonetheless and each time they inevitably exit-scam, nearly all of traders in “lulz can’t contact our cash!” schemes lose cash. That’s on prime of inevitable pyramid scheme losses.

If you wish to see this in motion, look no additional than the path of economic carnage the Islam brothers left of their wake with OneCoin and Melius.