Skainet Programs fails to supply possession or government data on its web site.
Skainet Programs’ web site area (“skainetsystems.com”), was privately registered on April ninth, 2024.
Courtesy of inside advertising and marketing, one identify we are able to connect to Skainet Programs is Michael Baur.
As above, Baur is Skainet Programs’ Chief Advertising and marketing Officer. I’ve additionally seen Baur credited as Skainet Programs’ “CEO of South America”.
In 2019 a BehindMLM reader tied Baur to the CMMT Revolution Ponzi scheme. In August 2022, one other BehindMLM reader tied Baur to the collapsed PLC Ultima collection of Ponzi schemes.
Baur’s identify additionally led me to this FaceBook submit from serial MLM Ponzi promoter Christof Torck:
In line with Torck, his “accomplice in crime” Lee Oshea not too long ago held a Skainet Programs assembly with Baur in Dubai.
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 pointers 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 Skainet Programs, learn on for a full assessment.
Skainet Programs’ Merchandise
Skainet Programs has no retailable services or products.
Associates are solely capable of market Skainet Programs affiliate membership itself.
Skainet Programs’ Compensation Plan
Skainet Programs associates pay a charge. How a lot they pay determines how a lot they’ll make investments by means of Skainet Programs’ purported AI buying and selling bot.
- T-800 – $29.99 a 12 months and allows you to make investments $100 or extra on the promise of 20% a month
- T-1000 – $49.99 a 12 months and allows you to make investments $100 or extra on the promise of 30% a month
- T-X – $99.99 a 12 months and allows you to make investments $100 or extra on the promise of 40% a month
Observe that funds invested with Skainet Programs’ buying and selling bot are “locked” for six months.
The MLM aspect of Skainet Programs pays on recruitment of affiliate traders.
Skainet Programs Affiliate Ranks
There are ten affiliate ranks inside Skainet Programs’ compensation plan.
Together with their respective qualification standards, they’re as follows:
- Rank 1 – join as a Skainet Programs affiliate and make investments at the very least $100
- Rank 2 – make investments $300 and generate $5000 in downline funding quantity
- Rank 3 – make investments $500 and generate $25,000 in downline funding quantity
- Rank 4 – make investments $1000 and generate $50,000 in downline funding quantity
- Rank 5 – make investments $3000 and generate $100,000 in downline funding quantity
- Rank 6 – make investments $5000 and generate $250,000 in downline funding quantity
- Rank 7 – make investments $10,000 and generate $500,000 in downline funding quantity
- Rank 8 – make investments $25,000 and generate $1,000,000 in downline funding quantity
- Rank 9 – make investments $35,000 and generate $5,000,000 in downline funding quantity
- Rank 10 – make investments $50,000 and generate $10,000,000 in downline funding quantity
Referral Commissions
Skainet Programs associates earn a 15% referral charge on entry charges paid by personally recruited associates.
Residual Commissions
Skainet Programs pays residual commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned instantly beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.
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.
Skainet Programs caps payable unilevel workforce ranges at ten.
Referral commissions are paid as a proportion of passive returns paid throughout these ten ranges as follows:
- Rank 1s earn a ten% match on degree 1 (personally recruited associates)
- Rank 2s earn a ten% match on degree 1 and 15% on degree 2
- Rank 3s earn a ten% match on degree 1, 15% on degree 2 and 20% on degree 3
- Rank 4s earn a ten% match on degree 1, 15% on degree 2, 20% on degree 3 and 25% on degree 4
- Rank 5s earn a ten% match on degree 1, 15% on degree 2, 20% on degree 3, 25% on degree 4 and 30% on degree 5
- Rank 6s earn a ten% match on degree 1, 15% on degree 2, 20% on degree 3, 25% on degree 4, 30% on degree 5 and 35% on degree 6
- Rank 7s earn a ten% match on degree 1, 15% on degree 2, 20% on degree 3, 25% on degree 4, 30% on degree 5, 35% on degree 6 and 40% on degree 7
- Rank 8s earn a ten% match on degree 1, 15% on degree 2, 20% on degree 3, 25% on degree 4, 30% on degree 5, 35% on degree 6, 40% on degree 7 and 45% on degree 8
- Rank 9s earn a ten% match on degree 1, 15% on degree 2, 20% on degree 3, 25% on degree 4, 30% on degree 5, 35% on degree 6, 40% on degree 7, 45% on degree 8 and 48% on degree 9
- Rank 10s earn a ten% match on degree 1, 15% on degree 2, 20% on degree 3, 25% on degree 4, 30% on degree 5, 35% on degree 6, 40% on degree 7, 45% on degree 8, 48% on degree 9 and 50% on degree 10
Rank 10 Pool
Skainet Programs takes 5% of company-wide funding and locations it right into a Rank 10 Pool.
Rank 10 ranked associates obtain a share within the pool every day.
Rank Achievement Bonuses
Skainet Programs rewards associates for qualifying at Rank 2 and better with the next one-time Rank Achievement Bonuses:
- qualify at Rank 2 and obtain $50
- qualify at Rank 3 and obtain Apple Airpods or $100
- qualify at Rank 4 and obtain an Apple Watch or $300
- qualify at Rank 5 and obtain an Apple iPhone
- qualify at Rank 6 and obtain a MacBook
- qualify at Rank 7 and obtain “VIP journey”
- qualify at Rank 8 and obtain a Rolex watch
- qualify at Rank 9 and obtain a BMW
- qualify at Rank 10 and obtain a Ferrari
Becoming a member of Skainet Programs
Skainet Programs affiliate membership is both $29.99, $49.99 or $99.99 yearly.
The extra a Skainet Programs affiliate spends on membership the upper their passive ROI charge.
Skainet Programs Conclusion
Skainet Programs is an admittedly intelligent integration of terminology from the Terminator collection of flicks (albeit seemingly unauthorized).
Skainet Programs represents it generates exterior income by way of an AI buying and selling bot.
SkAInet Programs is your trusted accomplice within the fast-paced world of Foreign currency trading.
As a cutting-edge platform powered by superior know-how, we specialise in offering high-frequency buying and selling bots particularly designed for Forex.
No verifiable proof of Skainet Programs producing any income by way of buying and selling is supplied. As an alternative, Skainet Programs trots out MyFXBook and a Mwali “worldwide brokerage certificates”
MyFXBook just isn’t an alternative to legally required audited monetary stories filed with regulators. Moreover, MyFXBook stats are simply faked.
The Mwali certificates pertains to Cermak LLC, a purported brokerage working from the area “cermakfx.com”.
It ought to firstly be famous that Cermak LLC is nothing greater than a shell firm run by particular person(s) unknown. For the aim of MLM due-diligence, the Mwali certificates is totally meaningless.
Secondly, Cermak LLC’s web site area was solely registered earlier this 12 months on January sixteenth. There’s a superb likelihood there’s overlap between Skainet Programs’ nameless proprietor(s).
From an precise regulatory perspective, Skainet Programs’ marketed passive returns constitutes a securities providing.
As of June 2024, SimilarWeb tracked high sources of visitors to Skainet Programs’ web site as France (98.5%), Germany (1%) and Brazil (0.4%).
Skainet Programs fails to supply proof it has registered with monetary regulators in any jurisdiction.
Thus, at a minimal, Skainet Programs is committing securities fraud within the jurisdictions it solicits funding in.
Because it stands, the one verifiable income coming into Skainet Programs is new funding. Utilizing new funding to pay ROI withdrawals would make Skainet Programs a Ponzi scheme.
Moreover with nothing marketed or offered to retail prospects, the MLM aspect of Skainet Programs operates as a pyramid scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Skainet Programs of ROI withdrawal income, finally prompting a collapse.
That is from Skainet Programs’ web site Phrases and Situations;
SKAINET SYSTEMS can justify any service-related choice and terminate consumer relations with out obligation to clarify.
Shoppers should chorus from unfavorable feedback about SKAINET SYSTEMS. Breaching this clause leads to a fantastic.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of contributors lose cash.