BartMax fails to offer possession or government info on its web site.
BartMax’s web site area (“bartmax.vip”), was privately registered on August 1st, 2024.
In researching BartMax I got here throughout MetaMax promoters who had transitioned over:
Coupled with the identify similarities, it’s extremely probably the identical scammers behind MetaMax have launched BartMax.
MetaMax was a task-based Ponzi scheme run by a cell app. The rip-off collapsed in July 2024, prompting two rapid reboot Ponzis; Meta Quest-Plus and one other reboot going by MetaMax.
After the preliminary reboots flopped, it seems BartMax was arrange a number of weeks later.
MetaMax’s July 2024 collapse was preceded by a securities fraud warning from the Philippine SEC on June twenty fifth.
BartMax has already attracted the eye of economic regulators. The Central Financial institution of Russia issued a BartMax pyramid fraud warning on September ninth, 2024.
In an try to seem official, BartMax affords up a Hong Kong shell firm certificates for “BartMax Streaming Leisure Promoting PTE LTD”.
BartMax Streaming Leisure Promoting PTE LTD is a renaming of “Unfortunate Firm PTE LTD” on August third.
As a result of ease with which scammers are in a position to incorporate shell corporations with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
BartMax’s Merchandise
BartMax has no retailable services or products.
Associates are solely in a position to market BartMax affiliate membership itself.
BartMax’s Compensation Plan
BartMax associates make investments tether (USDT). That is accomplished on the promise of marketed passive returns:
- VIP1 – make investments 30 USDT and obtain 3 USDT a day
- VIP2 – make investments 90 USDT and obtain 9 USDT a day
- VIP3 – make investments 300 USDT and obtain 30 USDT a day
- VIP4 – make investments 600 USDT and obtain 60 USDT a day
- VIP5 – make investments 1200 USDT and obtain 120 USDT a day
- VIP6 – make investments 3000 USDT and obtain 300 USDT a day
- VIP7 – make investments 6000 USDT and obtain 600 USDT a day
- VIP8 – make investments 12,000 USDT and obtain 1200 USDT a day
BartMax associates also can make investments 100 USDT or extra for as much as 120 days:
- make investments 100 USDT or extra for 3 days and obtain 0.5% a day
- make investments 100 USDT or extra for 3 days and obtain 1% a day
- make investments 100 USDT or extra for 3 days and obtain 1.3% a day
- make investments 100 USDT or extra for 3 days and obtain 2% a day
- make investments 100 USDT or extra for 3 days and obtain 4% a day
- make investments 100 USDT or extra for 3 days and obtain 5% a day
BartMax pays referral commissions on invested USDT down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 10%
- stage 2 – 3%
- stage 3 – 2%
Becoming a member of BartMax
BartMax affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal 30 USDT funding.
BartMax Conclusion
MetaMax’s process Ponzi ruse was getting buyers to look at YouTube movies and score them:
Below the guise of “business promoting” BartMax is extra of the identical:
Once more as with MetaMax, that is busy-body work, as evidenced by MetaMax’s collapse.
Because it stands, the one verifiable income coming into BartMax is new funding.
Utilizing new funding to pay affiliate withdrawals would make BartMax a Ponzi scheme. With nothing marketed or bought to retail prospects, the MLM facet of BartMax capabilities as a pyramid scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve BartMax of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of members lose cash.