Devon Oil fails to offer possession or government info on its web site.
Devon Oil’s web site area (“devonn-oil.com”), was privately registered on November third, 2024.
As all the time, if an MLM firm just isn’t overtly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Devon Oil’s Merchandise
Devon Oil has no retailable services or products.
Associates are solely in a position to market Devon Oil affiliate membership itself.
Devon Oil’s Compensation Plan
Devon Oil associates make investments Nigerian Naira on the promise of marketed returns:
- DVIP1 – make investments 3000 NGN and obtain 960 NGN a day
- DVIP2 – make investments 5000 NGN and obtain 1600 NGN a day
- DVIP3 – make investments 10,000 NGN and obtain 3200 NGN a day
- DVIP4 – make investments 20,000 NGN and obtain 6400 NGN a day
- DVIP5 – make investments 50,000 NGN and obtain 16,000 NGN a day
- DVIP6 – make investments 130,000 NGN and obtain 41,600 NGN a day
- DVIP7 – make investments 270,000 NGN and obtain 86,400 NGN a day
- DVIP8 – make investments 480,000 NGN and obtain 153,600 NGN a day
- DVIP 9 – make investments 700,000 NGN and obtain 224,000 NGN a day
- DVIP10 – make investments 1,000,000 NGN and obtain 320,000 NGN a day
Devon Oil pays referral commissions on invested NGN down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 25%
- degree 2 – 3%
- degree 3 – 2%
Becoming a member of Devon Oil
Devon Oil affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal 3000 NGN funding.
Devon Oil Conclusion
Devon Oil is yet one more “click on a button” app Ponzi scheme.
Devon Oil misappropriates the identify and branding of Devon Vitality Company, a US hydrocarbon exploration firm.
For sure Devon Oil has nothing to do with Devon Vitality Company.
Devon Oil doesn’t hassle developing with a ruse. This makes it a typical “task-based” Ponzi scheme.
The assigned process in Devon Oil is “orders”. This sees Devon Oil affiliate traders log in day by day to “click on a button”.
Clicking the button day by day qualifies Devon Oil traders to obtain day by day returns.
Past that clicking a button inside Devon Oil does nothing, there isn’t any exterior income. All Devon Oil does is recycle newly invested funds to pay earlier traders.
Examples of already collapsed “click on a button” app Ponzis utilizing the stolen id ruse are VIP Casio, US Photo voltaic Fund 49581 and Jumeirah VIP.
Since 2021 BehindMLM has documented a whole lot of “click on a button” app Ponzis. Most of them final a couple of weeks to a couple months earlier than collapsing
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving the vast majority of traders with a loss (inevitable Ponzi math).
As a part of a collapse, “click on a button” Ponzi scammers usually provoke restoration scams. This sees the scammers demand traders pay a price to entry funds and/or re allow withdrawals.
If any funds are made withdrawals stay disabled or the scammers stop communication.
Organized crime pursuits from China function rip-off factories behind “click on a button” Ponzis from south-east Asian nations.
In September 2024, the US Division of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese language human trafficking rip-off factories.
By way of varied firms he owns, Phat is alleged to shelter Chinese language scammers working out of Cambodia.
No matter which nation they function from, the identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.