OakSmart has initiated an OAK USD Coin Ponzi exit-scam.
OakSmart’s exit-scam was introduced two days after BehindMLM reviewed OakSmart, and California’s DFPI issued an OakSmart securities fraud desist and chorus order.
As per OakSmart’s December eighth announcement, the OAK USD Coin exit-scam will start on December twenty fifth.
Buyers gullible sufficient to pump extra money into OakSmart are pitched an 18% month-to-month ROI, paid out in each USD and OAK.
OAK USD Coin, or OAK Coin, may even see OakSmart launch a brand new unilevel MLM compensation plan.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned instantly below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
OakSmart caps payable unilevel group ranges at ten.
OAK Coin commissions are paid as a share of returns paid to associates recruited into the unilevel group as follows:
- degree 1 (personally recruited associates) – 30% match
- degree 2 – 15% match
- ranges 3 to 10 – 5% match
OakSmart associates can spend money on as much as 20,000 OAK per account. OAK investments should even be equal to or higher than current OakSmart funding balances.
It’s anticipated OakSmart will finalize its exit-scam and collapse and/or disappear shortly after December twenty fifth. Alternatively the Ponzi may drag the rip-off out for some time by switching withdrawals to OAK.
As of November 2024, SimilarWeb was monitoring ~20,000 month-to-month visits to OakSmart’s web site. 61% of OakSmart’s web site visitors originates from Vietnam. The remaining 39% originates from the US.
OakSmart is just not registered to supply securities in both nation and operates illegally.