Quintessential Enterprise Community (QBN), fails to supply possession or govt data on their web site.
Additional analysis reveals QBN advertising and marketing citing three “world presences”:
The identical advertising and marketing cites 4 QBN founders; Anwaar Qureshi (CEO), Farid Ladhani (MD), Mahwer Awad (CFO) and Tariq Ausaf (COO).
Every of QBN’s co-founders are former prime earners within the collapsed BizzTrade Ponzi scheme.
BizzTrade started as BizzTrek, an Amazon knock-off pyramid scheme run by Rehan Gohar, Rizwan Gohar (brothers) and Gurpreet Dhaliwal.
Observe that Dhaliwal is cited as QBN’s Chief Advisory Officer.
BizzTrek collapsed by the top of 2019, prompting the Gohar brothers to reboot as BizzTrade.
BizzTrade was initially a foreign exchange Ponzi scheme. By mid 2020 foreign exchange had been swapped out for crypto.
The “BizzCoin” iteration of BizzTrade collapsed in late 2021. This prompted a 3rd reboot as BizzTrade Professional in early 2022.
BizzTrade Professional collapsed after a number of months. A fourth NextGen Academy reboot was launched on or round April 2022.
NextGen Academy lasted a couple of yr. In early 2023 a My Automotive Membership spinoff was launched however that seems to have already collapsed.
QBN’s web site area (“myqbn.com”), was privately registered on JUly 4th, 2022. It seems the scammers behind QBN bailed shortly after the BizzTrade Professional reboot.
One nation you gained’t discover brazenly related to QBN is the US. That is unusual, seeing as every of QBN’s co-founders seem to have ties to Texas.
That stated, whether or not QBN’s co-founders are nonetheless within the US or whether or not they’ve fled to Dubai full-time is unclear.
At time of publication SimilarWeb tracks prime sources of visitors to QBN’s web site because the Netherlands (71%), the US (20%) and India (6%).
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.
QBN’s Merchandise
QBN has no retailable services or products.
Associates are solely in a position to market QBN affiliate membership itself.
QBN’s Compensation Plan
QBN associates make investments tether (USDT) into QBN token.
QBN represents that 1 USDT = 1 QBN. It’s vital to notice that QBN token doesn’t exist outdoors of QBN.
As soon as invested in, QBN is parked with the corporate on the promise of “weekly passive rewards”, capped at “as much as 50%” a yr.
- pay a 25 USDT annual charge and obtain “as much as 15%” a yr
- pay a 50 USDT annual charge and obtain “as much as 25” a yr
- pay a 100 USDT annual charge and obtain “as much as 50%” a yr
The MLM facet of QBN pays on recruitment of affiliate traders.
QBN Affiliate Ranks
There are eight affiliate ranks inside QBN’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Member – enroll as a QBN affiliate and make investments
- Apprentice – make investments at the least 100 USDT, recruit two or extra associates who collectively have invested at the least 1000 USDT, and generate 2500 USDT in complete downline funding quantity
- Chief – make investments at the least 500 USDT, preserve at the least two personally recruited associates who collectively have invested at the least 2000 USDT, and generate 10,000 USDT in complete downline funding quantity
- Government Chief – make investments at the least 1500 USDT, recruit three or extra associates who collectively have invested at the least 3000 USDT, and generate 30,000 USDT in complete downline funding quantity
- Supervisor – make investments at the least 5000 USDT, preserve at the least three personally recruited associates who collectively have invested at the least 10,000 USDT, and generate 200,000 USDT in complete downline funding quantity
- Government Supervisor – make investments at the least 10,000 USDT, preserve at the least three personally recruited associates who collectively have invested at the least 25,000 USDT, and generate 500,000 USDT in complete downline funding quantity
- Director – make investments at the least 15,000 USDT, recruit 4 or extra associates who collectively have invested at the least 50,000 USDT, and generate 3,000,000 USDT in complete downline funding quantity
- Government Director – make investments at the least 25,000 USDT, preserve at the least 4 personally recruited associates who collectively have invested at the least 100,000 USDT, and generate 5,000,000 USDT in complete downline funding quantity
Observe that for Member and Apprentice, not more than 60% of required downline funding quantity will be counted from anybody recruitment leg.
From Government Chief this requirement is lowered to 40%. From Director the requirement is additional lowered to 30%.
Referral Commissions
QBN associates earn a referral fee on tether invested by personally recruited associates.
- Members and Apprentices earn 5%
- Leaders earn 6%
- Government Leaders earn 7%
- Managers earn 8%
- Government Managers earn 9%
- Administrators and Government Administrators earn 10%
ROI Match
QBN pays a ROI Match through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned immediately 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.
QBN caps payable unilevel crew ranges at twenty. The ROI match is paid as a proportion of passive returns paid throughout these twenty ranges based mostly on rank:
- Apprentices earn 10% on degree 1 (personally recruited associates)
- Leaders earn 10% on degree 1 and 5% on degree 2
- Government Leaders earn 10% on degree 1, 5% on degree 2, 2.5% on degree 3, 1.5% on degree 4 and 1% on degree 5
- Managers earn 10% on degree 1, 5% on degree 2, 2.5% on degree 3, 1.5% on degree 4, 1% on degree 5 and 0.5% on ranges 6 to 10
- Government Managers earn 10% on degree 1, 5% on degree 2, 2.5% on degree 3, 1.5% on degree 4, 1% on degree 5, 0.5% on ranges 6 to 11 and 0.375% on degree 12
- Administrators earn 10% on degree 1, 5% on degree 2, 2.5% on degree 3, 1.5% on degree 4, 1% on degree 5, 0.5% on ranges 6 to 11 and 0.375% on ranges 12 to fifteen
- Government Administrators earn 10% on degree 1, 5% on degree 2, 2.5% on degree 3, 1.5% on degree 4, 1% on degree 5, 0.5% on ranges 6 to 11, 0.375% on ranges 12 to fifteen and 0.25% on ranges 16 to twenty
Staff Bonus
QBN’s Staff Bonus seems to be a bonus proportion paid on unilevel crew quantity:
- Apprentices obtain 0.5%
- Leaders obtain 0.75%
- Government Leaders obtain 1%
- Managers obtain 1.5%
- Government Managers obtain 2%
- Administrators obtain 2.5%
- Government Administrators obtain 3%
Observe that it’s unclear whether or not the Staff Bonus is paid on preliminary USDT funding or QBN passive returns.
Rank Achievement Bonus
QBN rewards associates for qualifying at Apprentice and better with the next Rank Achievement Bonuses:
- qualify at Apprentice and obtain a $25 present card
- qualify at Chief and obtain a $100 present card
- qualify at Government Chief and obtain an Apple iPad
- qualify at Supervisor and obtain an Apple MacBook
- qualify at Government Supervisor and obtain $500 a month
- qualify at Director and obtain a share in a World Pool and Rolex Watch
- qualify at Government Director and obtain a share in a World Pool and “luxurious automotive” valued at $50,000
The World Pool is made up of breakage from referral commissions (10% is paid out however solely to Administrators and Government Administrators).
The World Pool is cut up 50% between Administrators and Government Administrators every month.
Becoming a member of QBN
QBN affiliate membership is 10 QBN a month or 100 QBN yearly.
Full participation within the hooked up revenue alternative requires cost of a 25, 50 or 100 USDT annual charge, and extra USDT funding.
QBN Conclusion
QBN is basically a continuation of the BizzTrade fraud its founders stole cash by means of.
QBN’s exterior income is deliberately broad, encompassing just about the entire typical ruses;
QBN is a world crowdfunded Enterprise Capital Enterprise Community firm dedicated to a well-balanced & diversified portfolio of companies which embody actual property, foreign exchange, crypto, gold/silver, and commodities.
Naturally no verifiable proof of QBN being engaged in any exterior income era is supplied.
On the regulatory entrance, QBN’s passive funding scheme constitutes a securities providing as per the Howey Check.
This requires QBN to register with monetary regulators, which it offers no proof of getting achieved.
Particularly the SEC and CFTC within the US, and FCA within the UK.
Seeing as all of QBN’s founders seem to have ties to Texas, we are able to throw within the Texas State Securities Board too.
QBN failing to register with monetary regulators and file audited monetary reviews implies that, at a minimal, QBN is committing securities and commodities fraud.
Why?
As a result of there isn’t any exterior income era. Like BizzTrade, all QBN is doing is recycling newly invested funds to pay current traders.
That is arrange by means of their QBN token, which QBN can generate an infinite quantity of on demand.
One ultimate be aware is potential cash laundering by means of Anwaar Qureshi’s QPayments Options.
In response to his LinkedIn profile, Qureshi launched QPayments in Texas again in 2011.
QPayment Options. (QPS), been offering turnkey bankcard options, ATM companies, and different worth added merchandise to 1000’s of retailers and monetary establishments throughout the nation.
Our companies embody ATM’s, Credit score and Debit Card Processing, ACH (digital checks), Distant Deposit, Examine Cashing, and Reward playing cards.
On its web site, QPayments touts processing for “excessive danger retailers” as a function.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve QBN of ROI income, ultimately prompting a collapse. This collapse will see QBN traders left bagholding nugatory QBN tokens.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of individuals will lose cash.