Intellexa is a reboot of the collapsed BuddyX Ponzi scheme.
BehindMLM got here throughout Intellexa as a part of our analysis into BuddyX’s collapse.
BuddyX operated from the area “buddyx.io”, which now redirects to “buddyex.com”. Right here we have now a continuation of the fraud began with BuddyX, though you gained’t discover any point out of Intellexa (generally spelt Intellaxa) on BuddyEx’s web site.
Nonetheless, a go to to BuddyEx’s social media channels reveals loads of Intellexa advertising and marketing since Buddyx collapsed.
BuddyX was a reboot of the collapsed Buddy Corp Ponzi scheme. Timeline smart we have now:
Buddy Corp –> BuddyX –> BuddyEx (Intellexa)
All iterations of the Buddy named Ponzi schemes are run by serial fraudster Mahesh Sharma.
Sharma is an Indian nationwide hiding out in Dubai. There is no such thing as a point out of him on BuddyEx’s web site.
As a result of proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s tips for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re attempting to rip-off you.
- If an MLM firm is predicated 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 Intellexa, learn on for a full overview.
Intellexa’s Merchandise
Intellexa has no retailable services or products.
Associates are solely in a position to market Intellexa affiliate membership itself.
Intellexa’s Compensation Plan
Intellexa associates enroll and both pay $70 or $140.
Commissions are paid once they recruit others who do the identical.
Intellexa Affiliate Ranks
There are 9 affiliate ranks inside Intellexa’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Stage 1 – enroll as an Intellexa/BuddyEx affiliate and recruit one affiliate
- Stage 2 – recruit two affiliate
- Stage 3 – recruit three associates
- Stage 4 – recruit 4 associates
- Stage 5 – recruit 5 associates
- Stage 6 – recruit six associates
- Stage 7 – recruit seven associates
- Stage 8 – recruit eight associates
- Stage 9 – recruit 9 associates
Referral Commissions
Intellexa pays referral commissions on charges paid by personally recruited associates.
Referral fee charges are paid on a sliding scale, rewarding heavy recruiters.
- 5% is paid on the primary recruit
- 6% is paid on the second recruit
- 7% is paid on the third recruit
- 8% is paid on the fourth recruit
- 9% is paid on the fifth recruit
- 10% is paid on the sixth and continued recruits
Residual Commissions
Intellexa pays residual commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, 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 crew.
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.
Intellexa caps payable unilevel crew ranges at 9.
Referral commissions are paid as a proportion of affiliate membership charges paid throughout these 9 ranges based mostly on rank:
- Stage 1 ranked associates earn 5% to 10% on degree 1 (personally recruited associates)
- Stage 2 ranked associates earn 5% to 10% on degree 1 and 4% on degree 2
- Stage 3 ranked associates earn 5% to 10% on degree 1, 4% on degree 2 and three% on degree 3
- Stage 4 ranked associates earn 5% to 10% on degree 1, 4% on degree 2, 3% on degree 3 and a pair of% on degree 4
- Stage 5 ranked associates earn 5% to 10% on degree 1, 4% on degree 2, 3% on degree 3, 2% on degree 4 and 1% on degree 5
- Stage 6 ranked associates earn 5% to 10% on degree 1, 4% on degree 2, 3% on degree 3, 2% on degree 4 and 1% on ranges 5 and 6
- Stage 7 ranked associates earn 5% to 10% on degree 1, 4% on degree 2, 3% on degree 3, 2% on degree 4 and 1% on ranges 5 to 7
- Stage 8 ranked associates earn 5% to 10% on degree 1, 4% on degree 2, 3% on degree 3, 2% on degree 4 and 1% on ranges 5 to eight
- Stage 9 ranked associates earn 5% to 10% on degree 1, 4% on degree 2, 3% on degree 3, 2% on degree 4 and 1% on ranges 5 to 9
Observe that whereas there’s no official clarification for the 5% to 10% variance on degree 1, I consider this would possibly tie into how a lot in affiliate charges are paid.
E.g. $70 payment associates earn 5% and $140 payment associates earn the complete 10%.
Infinity Bonus
Intellexa pays an Infinity Bonus on unilevel crew gross sales quantity from degree 10 and onwards.
There are three tiers to the Infinity Bonus:
- Royal Diamond – generate $200,000 in downline affiliate membership charges (thereafter $80,000 a month), and obtain a 2% Infinity Bonus
- Crown Diamond – generate $500,000 in downline affiliate membership charges (thereafter $200,000 a month), and obtain a 3% Infinity Bonus
- Crown Ambassador – generate $1,500,000 in downline affiliate membership charges (thereafter $600,000 a month), and obtain a 5% Infinity Bonus
Lifetime Bonus
Intellexa pays a month-to-month Lifetime Bonus based mostly on separate rank-based standards.
- Gold Star (generate $10,000 in downline affiliate membership payment quantity) = $100 a month
- Diamond Star (generate $25,000 in downline affiliate membership payment quantity) – $250 a month
- Blue Diamond (generate $50,000 in downline affiliate membership payment quantity) – $500 a month
- Black Diamond (generate $100,000 in downline affiliate membership payment quantity) – $1200 a month
- Royal Diamond (generate $200,000 in downline affiliate membership payment quantity) – $2500 a month
- Crown Diamond (generate $500,000 in downline affiliate membership payment quantity) – $6000 a month
- Crown Ambassador (generate $1,500,000 in downline affiliate membership payment quantity) – $15,000 a month
- World Model Ambassador (generate $3,500,000 in downline affiliate membership payment quantity) – $50,000 a month
Way of life Rewards
Intellexa pays a Way of life Reward if downline payment and bot funding technology standards is met inside a particular timeframe:
- generate $10,000 in downline affiliate membership payment + bot funding quantity inside 30 days of becoming a member of and obtain $500
- generate $25,000 in downline affiliate membership payment + bot funding quantity inside 60 days of becoming a member of and obtain $1500
- generate $75,000 in downline affiliate membership payment + bot funding quantity inside 90 days of becoming a member of and obtain $4000
- generate $250,000 in downline affiliate membership payment + bot funding quantity inside 150 days of becoming a member of and obtain $10,000
- generate $500,000 in downline affiliate membership payment + bot funding quantity inside 210 days of becoming a member of and obtain $20,000
- generate $1,500,000 in downline affiliate membership payment + bot funding quantity inside 300 days of becoming a member of and obtain $50,000
- generate $3,500,000 in downline affiliate membership payment + bot funding quantity inside 420 days of becoming a member of and obtain $120,000
- generate $7,500,000 in downline affiliate membership payment + bot funding quantity inside 600 days of becoming a member of and obtain $300,000
- generate $20,000,000 in downline affiliate membership payment + bot funding quantity inside 840 days of becoming a member of and obtain $700,000
- generate $50,000,000 in downline affiliate membership payment + bot funding quantity inside 1100 days of becoming a member of and obtain $2,000,000
- generate $250,000,000 in downline affiliate membership payment + bot funding quantity inside 2000 days of becoming a member of and obtain $10,000,000
Observe that if an Intellexa affiliate withdraws awarded Way of life Rewards at any level, their operating downline stability is decreased to $0.
Automobile Bonus
Intellexa’s compensation plan particulars a Automobile Bonus. The reason supplied isn’t useful however I’ve included it under as I can’t make sense of it:
I assume the 2 numbers on the primary three month is likely to be tied to recruitment.
Becoming a member of Intellexa
Intellexa affiliate membership is both $70 or $140.
Though not explicitly clarified, I consider how a lot is spent in membership determines how a lot might be invested into Intellexa’s bot buying and selling scheme.
There may be additionally a $100 reful payment which isn’t defined however I consider is likely to be an ongoing affiliate membership payment.
Intellexa Conclusion
Intellexa is a typical AI buying and selling bot Ponzi scheme:
Associates pay a payment after which place invested funds below management of a claimed AI buying and selling bot. That is achieved on the illustration of a passive return, purportedly generated by the bot.
There is no such thing as a proof of Intellexa having an AI buying and selling bot. In gentle of this being the efficient third Buddy Ponzi reboot, it must be apparent that the bot doesn’t exist.
If it did, Mahesh Sharma can be operating it for himself. Promoting entry to a golden goose for as little as $70 is unnecessary.
Even when a mock bot is about as much as simulate returns tied to buying and selling exercise, it must be famous that neither Intellexa or BuddyEx are registered to supply securities in any jurisdiction.
Which means that at a minimal Intellexa and BuddyEx are committing securities fraud. The identical is true of the earlier two Buddy scams as properly.
Exterior of Intellexa’s fraudulent funding scheme, with nothing marketed or bought to retail clients the MLM aspect of the enterprise operates 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 Intellexa of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.
Look no additional than Buddy Corp and BuddyX to see this in motion.