Foreign currency trading ruse MLM crypto Ponzi


Seletti AI fails to supply possession or govt info on its web site.

Seletti AI’s web site area (“seletti.ai”), was privately registered on October nineteenth, 2023.

Official Seletti AI advertising movies within the web site backoffice characteristic “Lenny” (proper), as CEO of the corporate.

Somebody going by “Tarek” is introduced as Saletti AI’s “Relations Supervisor”.

Each Lenny and Tarek have Northern American accents.

Additional analysis reveals Seletti AI’s “Lenny” is Leonard J. Giaquinto.

As per the screenshot above, Giaquinto is a furnishings salesman from Kozy Furnishings.

Press-releases declare Giaquinto was appointed Kozy Furnishings’s “Chairman of the Board of Administrators” in early 2021.

Social media profiles counsel Giaquinto relies of Virginia within the US.

As all the time, if an MLM firm just isn’t brazenly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.

Seletti AI’s Merchandise

Seletti AI has no retailable services or products.

Associates are solely capable of market Seletti AI affiliate membership itself.

Seletti AI’s Compensation Plan

Seletti AI associates make investments tether (USDT). That is performed on the promise of a passive each day return:

  • Seletti Progress Fund VII – make investments 50 USDT or extra and obtain 0.5% a day
  • Opportunistic Credit score Fund – make investments 250 USDT or extra and obtain 0.7% a day

Seletti AI pays referral commissions on invested USDT down three ranges of recruitment (unilevel):

  • degree 1 (personally recruited associates) – 10%
  • degree 2 – 5%
  • degree 3 – 1%

Becoming a member of Seletti AI

Seletti AI affiliate membership is free.

Full participation within the connected earnings alternative requires a minimal 50 USDT funding.

Seletti AI Conclusion

Seletti AI brazenly pitches itself as an “on-line funding platform”. The ruse behind Seletti AI’s exterior income technology is automated foreign currency trading.

The Seletti PAMM Account is a managed, automated foreign currency trading system that’s powered by the Seletti A.i.

The Seletti A.i constantly analyzes monetary information, together with historic value actions, market information, and technical indicators.

It makes use of this evaluation to make data-driven predictions about future market traits and potential buying and selling alternatives.

There isn’t any proof of Seletti AI as an AI buying and selling bot supplied.

What we do know is, primarily based on the Howey Check, that Seletti AI’s passive returns funding scheme constitutes a securities providing.

A search of the SEC’s Edgar database reveals neither Seletti AI or Leonard Giaquinto are registered to supply securities within the US.

The ruse of foreign currency trading additionally requires Seletti AI to be registered with the CFTC. A search of the NFA’s registered agency database reveals it isn’t.

Which means that at a minimal, Seletti AI and Giaquinto are committing securities and commodities fraud – each of that are unlawful within the US.

Because it stands the one verifiable income getting into Seletti AI is new funding.

Utilizing new funding to pay withdrawals would make Seletti AI a Ponzi scheme.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This can starve Seletti AI of ROI income, finally prompting a collapse.