TrageTech fails to offer possession or government info on its web site.
TrageTech’s web site area (“tragetech.com”), was privately registered on January fifteenth, 2024.
In an try to look legit, TrageTech claims it’s registered with the SEC:
“TrageTech” isn’t registered with the SEC however “Trage Applied sciences Ltd” was registered in February 2024.
Trage Applied sciences LTD is a Marshall Islands shell firm with one Director; “Graeme Gary Hearn” of “Belief Firm Complicated”.
Belief Firm Complicated seems to be a “shell firm in a field” sort service operated by individuals unknown.
The entity seems routinely tied to dodgy shell corporations.fraud. At the least one Belief Firm Complicated shell firm is listed on the Workplace of Overseas Property Management’s sanctions listing.
Given Marshall Islands is a tax haven with non-existent regulation of MLM associated fraud, Belief Firm Complicated’s Graeme Gary Hearn doubtless doesn’t exist.
Supporting that is TrageTech naming “Michael Hearn” as CEO of their advertising supplies:
This title is unlikely to be a coincidence. Michael Hearn, aka Mike Hearn, is a comparatively well-known former Google and bitcoin dev.
TrageTech’s Michael Hearn is performed by UK nationwide Daniel Poole:
Poole is predicated out of Thailand and is the Leisure & Actions Marketing consultant at X2 Logistics Networks.
Notice Poole represents himself on social media with a profile photograph that seems to be nicely over a decade outdated.
Having established TrageTech’s CEO doesn’t exist it follows that, past registering a shell firm to register with the SEC, TrageTech has no precise bodily ties to the Marshall Islands.
Up to now TrageTech has made two SEC filings. We’ll go over these within the conclusion of this evaluation (spoiler alert: they’re meaningless).
Boris CEO schemes, whereby an actor is employed to play an government, are usually the work of Russian scammers. This isn’t definitive however does doubtlessly tie in to Thailand’s rising Russian inhabitants.
As all the time, if an MLM firm is just not brazenly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
TrageTech’s Merchandise
TrageTech has no retailable services or products.
Associates are solely capable of market TrageTech affiliate membership.
TrageTech’s Compensation Plan
TrageTech associates make investments tether (USDT). That is performed on the promise of passive returns:
- P10 – make investments 100 USDT and obtain 4% a month
- P20 – make investments 200 USDT and obtain 8% a month
- T5 – make investments 500 USDT and obtain 12% a month
- T10 – make investments 1000 USDT and obtain 20% a month
- T50 – make investments 5000 USDT and obtain 28% a month
- T100 – make investments 10,000 USDT and obtain 36% a month
The MLM aspect of TrageTech pays on recruitment of affiliate traders.
TrageTech Affiliate Ranks
There are six affiliate ranks inside TrageTech’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Government – make investments 500 USDT and generate 1000 USDT in personally recruited affiliate funding quantity
- Junior Supervisor – make investments 1000 USDT, have three Government or greater ranked associates in your downline and generate 3000 USDT in personally recruited affiliate funding quantity
- Senior Supervisor – make investments 5000 USDT, have three Junior Supervisor or greater ranked associates in your downline and generate 6000 USDT in personally recruited affiliate funding quantity
- Director – make investments 10,000 USDT, have three Senior Supervisor or greater ranked associates in your downline and generate 30,000 USDT in personally recruited affiliate funding quantity
- Divisional Director – make investments 25,000 USDT, have three Director or greater ranked associates in your downline and generate 60,000 USDT in personally recruited affiliate funding quantity
- Regional Director – invst 50,000 USDT, have three Divisional Director or greater ranked associates in your downline and generate 150,000 USDT in personally recruited affiliate funding quantity
ROI Match
TrageTech pays a ROI Match through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned straight underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
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.
TrageTech caps payable unilevel crew ranges at ten.
The ROI Match is paid as a share of returns paid out throughout these ten ranges primarily based on how a lot a TrageTech affiliate has invested:
- P10 tier associates earn a 12% ROI Match on stage 1 (personally recruited associates)
- P20 tier associates earn a 12% ROI Match on stage 1 and eight% on stage 2
- T5 tier associates earn a 12% ROI Match on stage 1, 8% on stage 2, 5% on stage 3 and a couple of% on stage 4
- T10 tier associates earn a 12% ROI Match on stage 1, 8% on stage 2, 5% on stage 3 and a couple of% on ranges 4 to six
- T50 tier associates earn a 12% ROI Match on stage 1, 8% on stage 2, 5% on stage 3, 2% on ranges 4 to six and 1% on ranges 7 and eight
- T100 tier associates earn a 12% ROI Match on stage 1, 8% on stage 2, 5% on stage 3, 2% on ranges 4 to six and 1% on ranges 7 to 10
Rank ROI Match
TrageTech pays an extra rank-based ROI Match on 10% of complete downline funding quantity.
- Executives obtain a 1% Rank ROI Match
- Junior Managers obtain a 2.5% Rank ROI Match
- Senior Managers obtain a 5% Rank ROI Match
- Administrators obtain a ten% Rank ROI Match
- Divisional Administrators obtain a 15% Rank ROI Match
- Regional Administrators obtain a 20% Rank ROI Match
Becoming a member of TrageTech
TrageTech affiliate membership is 29.90 USDT yearly.
Full participation within the hooked up revenue alternative requires an extra minimal 100 USDT funding.
TrageTech Conclusion
As said within the introduction of this evaluation, TrageTech seems to be registered with the SEC as Trage Applied sciences LTD.
With a purpose to legally solicit funding from shoppers within the US and elsewhere, TrageTech is required to register its passive returns funding scheme with the SEC as a securities providing. Trage Applied sciences is then additionally required to file periodic audited monetary studies.
Up to now Trage Applied sciences LTD has made two filings with the SEC:
- a Kind D Discover of Exempt Providing of Securities on February twenty second, 2024
- a Kind D Modification on June 4th, 2024
TrageTech’s February 2024 Kind D submitting claims a submitting exemption primarily based on Rule 506(c), on a proposed fairness primarily based securities providing.
This has nothing to do with TrageTech’s “Arbtech” buying and selling bot passive returns supplied by its MLM alternative.
Moreover, a Rule 506(c) exemption would solely allow TrageTech to supply a securities providing to “accredited traders”. TrageTech is soliciting funding from anybody dumb sufficient to ship them cryptocurrency to steal.
TrageTech’s June 2024 modification submitting affirms the corporate doesn’t count on its securities providing to “final a couple of yr”. It additionally reaffirms no providing has been made to unaccredited traders.
With the speed of which MLM crypto Ponzis have been collapsing of late, the primary declaration isn’t a surprise. TrageTech’s second modification declaration is demonstrably false.
In conclusion; TrageTech is registered with the SEC by a dodgy Marshall Islands shell firm created with bogus info.
The 2 SEC filings TrageTech has made are irrelevant to its “Arbtech” buying and selling bot funding scheme, due to this fact rendering them meaningless.
In case it wasn’t apparent, the one cause the scammers operating TrageTech arrange the Marshall Islands shell firm and registered with the SEC was for advertising functions.
Whether or not they can nail the scammers behind TrageTech stays to be seen however scammers registering with the SEC ought to at the least catch the regulator’s consideration.
As of June 2024, SimilarWeb ranked the US because the second largest supply of TrageTech web site visitors. The US is available in at 40%, following Spain at 56%.
TrageTech exercise in Vietnam, spearheaded by OneCoin Ponzi promoter Simon Le, plummeted 96% month on month.
Any individual additionally appears to be making an attempt to get TrageTech off the bottom in Portugal (2%).
TrageTech failing to reveal its “Arbtech” securities providing to the SEC is sufficient to affirm no precise buying and selling income is getting used to pay investor withdrawals.
TrageTech is your typical buying and selling bot MLM crypto Ponzi, with added Boris CEO and SEC registration parts.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve TrageTech of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.