Skypex fails to offer possession or govt data on its web site.
Skypex’s web site area (“skypex.io”), was privately registered on Might eighth, 2024.
In Skypex’s web site Normal Phrases and Situations, we discover reference to Arthwo LTD, S.A.
The contracting events for using the Companies are ARTHWO LTD, S.A., Bella Vista Urbanization, Samuel Lewis Avenue & 55 Road, Panama Metropolis within the Republic of Panama.
The cited handle is utilized by many companies, confirming that Arthwo LTD, S.A. is a shell firm.
Supporting that is Arthwo’s web site (“arthwo.com”, privately registered on June fifth, 2024), which is each low-effort and incomplete:
It’s the sort of web site one would set as much as create the phantasm of an organization with out it being so.
One other shell firm we will connect to Skypex is SC Consulting Ltd.
We settle for funds in varied cryptocurrencies by our fee supplier, CoinPayments Inc.
For all accounting functions we have now contracted SC Consulting Ltd. as Skypex’s accounting accomplice.
As per the above, once more from Skypex’s Normal Phrases and Situations, using SC Consulting Ltd. seems to be solely to cover Skypex from Coin Funds.
As per its web site, SC Consulting Ltd. seems to be a Dubai shell firm manufacturing unit:
We provide an integrative assist for one or all phases of your Dubai challenge. Targeted on safety, sustainability and high quality.
We handle your enterprise in a future-oriented method, beginning with the inspiration by to securing the income financially.
If you don’t want to start out your individual enterprise we’ll discover the precise, dependable accomplice. The cooperation with this may be monitored by us and even taken over.
SC Consulting LTD. affords shell firm providers in Dubai, Panama, Seychelles and the broader EU. The shady firm additionally affords a “change citizenship” service.
On its web site, Skypex misrepresents paid promoting as articles from “the press”:
Clicking by to those articles we be taught the face of Skypex is Udo Carsten Deppisch. That is confirmed on Deppisch’s personal social media:
Udo Deppisch is a German nationwide who made a reputation for himself as a high promoter of the OneCoin Ponzi scheme.
Upon discovering success scamming individuals in OneCoin, Deppisch fled Germany for Dubai. Deppisch continued to advertise OneCoin with a concentrate on German-speaking nations.
In April 2017 German authorities started cracking down on OneCoin. Round Might that very same 12 months Deppisch went underground.
The Ponzi aspect of OneCoin had already collapsed in January 2017. The pyramid aspect was what Deppisch continued to advertise till mid 2017.
After OneCoin Deppisch hitched his wagon to Anthony Norman’s Wantage One Ponzi mess.
When that didn’t work out Deppisch hitched his wagon to the Crowd1 Ponzi scheme.
Crowd1 started to break down in 2021, prompting Deppisch to go away the corporate. Deppisch would rejoin Crowd1 in 2022.
The final Crowd1 submit on Deppisch’s socials is from April 2024. After a short interval the place Deppisch centered on his advertising firm, Limitless Profession Growth, Skypex launched in October 2024.
Why Deppisch’s involvement in Skypex isn’t disclosed on the corporate’s web site is unclear.
Of notice is, though Skypex’s area registration is non-public, the state and nation are set as Dubai within the UAE. This ties into Udo Deppisch being primarily based out of Dubai.
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 Skypex, learn on for a full evaluation.
Skypex’s Merchandise
Skypex has no retailable services or products.
Associates are solely capable of market Skypex affiliate membership itself.
Skypex affiliate membership supplies entry to an book library and automatic buying and selling platform.
Skypex’s Compensation Plan
Skypex don’t present compensation particulars on their web site.
The next compensation particulars are from a Skypex “enterprise presentation”, hosted by Udo Deppisch in December 2024.
Skypex associates pay an annual charge to entry automated returns:
- Edge Starter – $99 for entry to passive returns, purportedly generated by way of a $10,000 funded buying and selling account
- Market Maven Improve – $199 for entry to passive returns, purportedly generated by way of a $20,000 funded buying and selling account
- Professional Elite Equipment – $499 for entry to passive returns, purportedly generated by way of a $50,000 funded buying and selling account
- Titan MasterClass – $999 for entry to passive returns, purportedly generated by way of a $100,000 funded buying and selling account
- Wealth Builder Professional – $1999 for entry to passive returns, purportedly generated by way of a $250,000 funded buying and selling account
- Final Wealth Creator – $9999 for entry to passive returns, purportedly generated by way of a $1,000,000 funded buying and selling account
The MLM aspect of Skypex pays on affiliate recruitment.
Energy Begin Bonus
Skypex rewards associates with a membership voucher in the event that they recruit three associates.
The voucher worth is the same as the membership the recruiting affiliate paid for and might solely be used to fund a newly recruited affiliate’s account.
Referral Commissions
Skypex pays a 25% referral fee per affiliate recruited.
Be aware referral commissions are paid as a proportion of unspecified gross sales quantity, not membership charges paid 1:1.
A residual referral commissions is paid out however particulars usually are not supplied.
Residual Commissions
Skypex pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary crew, cut up into two sides (left and proper):
The primary stage of the binary crew homes two positions. The second stage of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary crew are crammed by way of direct and oblique recruitment of associates. Be aware there isn’t any restrict to how deep a binary crew can develop.
On the finish of an unspecified pay interval, Skypex tallies up new charge quantity on either side of the binary crew.
Residual commissions are paid as 10% of recent charge quantity on the weaker binary crew aspect.
As soon as paid out on, quantity is matched on the stronger binary crew aspect and flushed. Any leftover quantity on the stronger binary crew aspect carries into the subsequent pay-period.
Buying and selling Pool Bonus
Skypex claims it takes 10% of charges charged to buying and selling pool traders and positioned it right into a Buying and selling Pool.
Skypex claims it shares the Buying and selling Pool with “leaders”. Specifics usually are not supplied.
Matching Bonus
Skypex pays a Matching Bonus on earnings by each upline (2 ranges) and downline (3 ranges) associates.
Particular Matching Bonus proportion and any further qualification standards usually are not supplied.
Ranks Pool Bonus
Skypex takes 10% of “firm revenue” and locations it into the Ranks Pool Bonus.
Presumably paying out of the Ranks Pool Bonus is tied to affiliate rank. Particular particulars usually are not supplied.
Rank Achievement Bonus
Skypes rewards associates for rank qualifying with one-time $75 to $2,500,000 Rank Achievement Bonuses.
Particular particulars, together with Skypex rank qualification standards, usually are not supplied.
Becoming a member of Skypex
Skypex affiliate membership is free. Entry to passive returns prices between $99 and $9999 yearly.
Be aware that in Skypex advertising displays, Udo Deppisch mentions month-to-month charges hooked up to sure merchandise. Particular particulars aren’t supplied.
It also needs to be famous Deppisch claims some bonuses are paid in tether (USDT). This means that Skypex operates in cryptocurrency.
Skypex Conclusion
At a floor stage Skypex is riddled with regulatory compliance disclosure points. Firm possession, buying and selling particulars and even primary compensation particulars are hidden from shoppers.
This seemingly ties into Skypex committing securities and commodities fraud.
On the core of Skypex’s providing is fee of charges to obtain passive returns. That is arrange by purported funded accounts.
On the cash aspect of issues although these charges are clearly an funding. Skypex associates pay Skypex $99 to $9999 (something past this isn’t disclosed in public advertising), and in return they obtain periodic passive returns.
The notion that Skypex is producing passive returns for randoms over the web for a charge makes little sense. Why not simply commerce for yourselves and hold all income?
Regardless, Skypex’s passive returns funding scheme constitutes a securities providing. This requires Skypex to register with securities regulators. The usage of buying and selling additionally requires Skypex to register with commodities regulators.
Skypex fails to offer proof it has registered with monetary regulators in any jurisdiction. As a substitute we have now Skypex working from Dubai by a Panama shell firm.
Pink flags galore.
Udo Deppisch (proper) is unlikely to be working alone on Skypex. This raises extra questions as his companions are deliberately not disclosed.
I’m not 100% on Skypex working a Ponzi scheme however, because it stands, the one verifiable income coming into Skypex is new funding.
The explanation I’m not set on Skypex being a Ponzi is because of the entry charge being annual. If there are hidden weekly, month-to-month and so on. charges, that’d be a extra straight-forward state of affairs.
Whereas an annual charge unregistered funding buying and selling scheme nonetheless triggers securities and commodities fraud, it’s extra seemingly that is only a bot scheme ready to explode.
Hooked up to that you’ve got the MLM aspect of Skypex, which with out retail gross sales operates as a pyramid scheme. As with OneCoin, an MLM firm can’t “training packages” itself out of regulatory obligations.
I need to notice right here my analysis led me to Skypex providing entry to their purported training packages without charge.
It’s poorly formatted, seemingly all authored by Deppisch and… properly, fairly primary.
Be it by Skypex’s undisclosed purported funded buying and selling or its pyramid scheme, Skypex asks loads from potential traders with out providing primary due-diligence data.
Placing all the pieces else apart, this alone is purpose sufficient to keep away from.