Pitrex fails to supply possession or govt info on its web site.
Pitrex operates from two recognized web site domains:
- pitrex.professional – privately registered on April thirtieth, 2024 (major web site, app funnel)
- pitsp.com – first registered in 2016, non-public registration final up to date on January ninth, 2024 (app)
In an try to look reliable, Pitrex gives an organization registration certificates for Pitrex LLC.
Because of the ease with which scammers are capable of incorporate shell corporations with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
If we click on the assist hyperlink on Pitrex’s .COM web site, we be taught it runs on the Meiqia platform.
Meiqia is a Chinese language software program firm primarily based out of Beijing. This means whoever is working Pitrex has ties to China.
As all the time, if an MLM firm is just not overtly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Pitrex’s Merchandise
Pitrex has no retailable services or products.
Associates are solely capable of market Pitrex affiliate membership itself.
Pitrex’s Compensation Plan
Pitrex associates make investments tether (USDT). That is carried out on the promise of every day passive returns.
Be aware that Pitrex doesn’t disclose particular funding tiers on both of its web sites.
Pitrex pays referral commissions on invested USDT down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 20%
- degree 2 – 6%
- degree 3 – 3%
Becoming a member of Pitrex
Pitrex affiliate membership is free.
Full participation within the hooked up earnings alternative requires an funding in USDT.
Pitrex Conclusion
Pitrex is one more “click on a button” app Ponzi scheme.
Pitrex’s “click on a button” Ponzi ruse is quantitative buying and selling:
The offered ruse is Pitrex associates log in and click on a button (the extra invested the extra the button must be clicked).
Clicking the button purportedly generates income through quantitative buying and selling, which for some motive Pitrex shares a proportion of with affiliate traders.
If that is unnecessary it’s as a result of it doesn’t. Randoms clicking a button in an app doesn’t set off quantitative buying and selling.
In actuality clicking a button inside Pitrex’s app does nothing. All Pitrex does is recycle newly invested funds to pay earlier traders.
Pitrex is a part of a gaggle of “click on a button” app Ponzis which have emerged since late 2021.
Examples of already collapsed “click on a button” app Ponzis utilizing the identical quantitative buying and selling ruse embody World Quant AI, AI International and Wheatland AI.
Since 2021 BehindMLM has documented a whole lot of “click on a button” app Ponzis. Most of them final a couple of weeks to a couple months earlier than collapsing.
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving nearly all of traders with a loss (inevitable Ponzi math).
Organized crime pursuits from China function rip-off factories behind “click on a button” Ponzis from south-east Asian nations.
In September 2024, the US Division of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese language human trafficking rip-off factories.
Via numerous corporations he owns, Phat is alleged to shelter Chinese language scammers working out of Cambodia.
No matter which nation they function from, the identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.