Empire fails to supply possession or government info on its web site.
Empire’s web site area (“empire-trading.com”), was privately registered on July fifteenth, 2024.
Additional analysis reveals official Empire advertising materials citing Stan Koubatika as founder and CEO of the corporate.
Koubatika’s LinkedIn profile locations him in France, with an MLM historical past courting again to 2016 with Kyani.
In 2020 Koubatika was selling one thing known as “Golden Ticket Membership”:
By 2023, Koubatika was selling funding schemes from Dubai:
On its web site, Empire represents it’s run the UK shell firm “Empire Golden Group LTD”. Empire’s supplied London handle is a digital workplace handle owned by Your Digital Workplace London.
It’s unclear whether or not Koubatika continues to be in Dubai or has returned to France.
Because of the proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s tips 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 relies 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 Empire, learn on for a full overview.
Empire’s Merchandise
Empire has no retailable services or products.
Associates are solely capable of market Empire affiliate membership itself.
Empire’s Compensation Plan
Empire associates buy “copy buying and selling” subscriptions from the corporate. This permits them to generate automated passive returns on invested funds.
Empire advertises passive returns of as much as 20% a month.
The MLM facet of Empire pays on recruitment of affiliate buyers.
Empire Affiliate Ranks
There are ten affiliate ranks inside Empire’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Jade – join with a minimal $50 subscription and generate 200 BV in downline subscription gross sales quantity
- Gold – preserve a $50 larger subscription and generate 500 BV in downline subscription gross sales quantity
- Sapphire – preserve a $50 or larger subscription and generate 1500 BV in downline subscription gross sales quantity
- Ruby – preserve a $50 or larger subscription and generate 3500 BV in downline subscription gross sales quantity
- Platinum – buy a $250 or larger subscription and generate 7500 BV in downline subscription gross sales quantity
- Diamond – buy a $1000 subscription and generate 25,000 BV in downline subscription gross sales quantity
- Blue Diamond – generate 75,000 BV in downline subscription gross sales quantity
- Inexperienced Diamond – generate 200,000 BV in downline subscription gross sales quantity
- Black Diamond – generate 500,000 BV in downline subscription gross sales quantity
- Crown Diamond – generate 1,500,000 BV in downline subscription gross sales quantity
Referral Commissions
Empire pays referral commissions on subscription charges paid by personally recruited associates.
- Jade ranked associates earn a 6% referral fee charge
- Gold ranked associates earn an 8% referral fee charge
- Sapphire ranked associates earn a 15% referral fee charge
- Ruby ranked associates earn a 20% referral fee charge
- Platinum ranked associates earn a 25% referral fee charge
- Diamond ranked associates earn a 30% referral fee charge
- Blue Diamond ranked associates earn a 35% referral fee charge
- Inexperienced Diamond ranked associates earn a 40% referral fee charge
- Black Diamond ranked associates earn a forty five% referral fee charge
- Crown Diamond ranked associates earn a 50% referral fee charge
Observe that referral commissions are coded. Which means that 50% is all the time paid out on subscription price funds.
The coded nature of referral commissions permits larger ranked Empire associates to earn the distinction between their referral fee charge and decrease ranked downline associates.
Diamond Pool Bonus
Diamond and better ranked associates earn a share within the Diamond Pool.
Empire claims the Diamond Pool is funded primarily based on inside buying and selling exercise.
Rank Achievement Bonus
Empire rewards associates for qualifying at Gold and better with the next one-time Rank Achievement Bonuses:
- qualify at Gold and obtain $25
- qualify at Sapphire and obtain $75
- qualify at Ruby and obtain $175
- qualify at Platinum and obtain $375 and Airpods
- qualify at Diamond and obtain $750 and an iPhone
- qualify at Blue Diamond and obtain $2250 and an iPad
- qualify at Inexperienced Diamond and obtain $5950 and a MacBook
- qualify at Black Diamond and obtain $17,500 and a “voyage”
- qualify at Crown Diamond and obtain $57,500 and a Rolex
Becoming a member of Empire
Empire affiliate membership prices between $50 and $1000:
- Fundamental – $50 yearly
- Premium – $250 yearly (provides entry to reside buying and selling coaching)
- VIP – $1000 one-time
Empire Conclusion
Empire is your typical “lulz can’t contact our cash!” fraudulent funding scheme.
The core due-diligence query behind such schemes is, if by means of buying and selling Empire was capable of generate 20% or shut to each month, why not simply try this as an alternative of supply entry to randoms over the web?
Even with a modest capital quantity 20% a month quickly was a fortune.
Empire associates join, pay a price after which successfully place funds beneath the management of a purported automated buying and selling bot.
With copy buying and selling, your investments mechanically replicate the transactions of an skilled dealer.
Profit from skilled administration and rework your funding into passive revenue with confidence.
Whereas Empire’s funding scheme isn’t unlawful in and of itself, it does require Empire to be registered with each securities and commodities regulators.
Empire fails to supply proof it has registered with monetary regulators in any jurisdiction. This implies Empire is thus working illegally, committing each securities and commodities fraud.
Moreover with nothing marketed or bought to retail clients, the MLM facet of Empire operates as a pyramid scheme.
The “lulz can’t contact our cash mannequin” permits associates to speculate funds in their very own alternate account. That is achieved on the promise of passive returns, derived by means of Empire’s purported buying and selling of unknown origin.
Beneath this mannequin Empire buyers are duped into believing that as a result of funds are traded in their very own dealer/alternate accounts. In different phrases, they’ll’t be stolen.
That is false. Usually “lulz can’t contact our cash!” schemes exit-scam by means of blowing the bot up or rigged trades.
Pending Empire buying and selling losses are along with funds misplaced by means of its pyramid scheme. This alone will have an effect on nearly all of Empire associates when mentioned pyramid scheme inevitably collapses.