Crypto crime duo in Thailand nonetheless scamming

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BNB Robotic fails to supply firm possession or govt info on its web site.

BNB Robotic’s web site area (“bnbrobot.io”), was privately registered on April 26, 2022.

Advertising and marketing movies on BNB Robotic’s official YouTube channel are narrated by a robovoice.

On Could twenty fourth BNB Robotic uploaded a video titled “BNB Robotic Company Intro”:

The video options Ron Cartey as BNB Robotic’s CEO, and Daniel Schwartz as COO.

Cartey is the founding father of AT Group, a company consulting agency based mostly out of Thailand. Site visitors to AT Group’s web site is non-existent and the corporate’s official FaceBook web page was deserted in 2015.

Cartey himself relies out of Pattaya, Thailand. Again in Could Cartey attended a Rotary Membership assembly as a visitor speaker;

The assembly was highlighted by incoming Vice-President and Secretary Rotarian Ron Cartey delivering a beautiful speech about his life and issues in his job as a motivational speech/coach that actually mattered to him.

Daniel Schwartz can also be based mostly out of Thailand. Schwartz first appeared on BehindMLM as Chairman and CEO of 3T Networks in 2018.

3T Networks was a shitcoin scheme riddled with securities fraud.

A December 2020 Pattaya Mail article cites Ron Cartey as 3T Networks’ Chief Enterprise Growth Officer.

Cartey was talking at an expat membership, mockingly giving a chat on “how to not be separated out of your cash”.

Like all scams, 3T Community inevitably collapsed. In early 2022 Cartey and Schwartz teamed up once more to launch Elef World.

Elef World was an NFT grift Ponzi constructed round Elef Token. Phrase on the grapevine is Elef World has already stalled and/or collapsed.

Cartey’s and Schwartz’s scamming goes again years. The earliest Ponzi I used to be capable of tie the pair to was YoCoin circa 2016.

Schwartz and Cartey have been YoCoin’s COO and VP of Worldwide Enterprise Growth respectively.

Learn on for a full assessment of BNB Robotic’s MLM alternative.

BNB Robotic’s Merchandise

BNB Robotic has no retailable services or products.

Associates are solely capable of market BNB Robotic affiliate membership itself.

BNB Robotic’s Compensation Plan

BNB Robotic associates make investments binance coin (BNB). That is accomplished on the promise of a passive “as much as 4%” each day ROI.

The MLM aspect of BNB Robotic pays on recruitment of affiliate traders.

Referral Commissions

BNB Robotic pays referral commissions through a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned immediately beneath them (degree 1):

If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.

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.

BNB Robotic caps referral commissions at 5 payable unilevel workforce ranges.

Referral commissions are paid as a proportion of invested BNB throughout these 5 ranges as follows:

  • degree 1 (personally recruited associates) – 7%
  • degree 2 – 4%
  • degree 3 – 3%
  • degree 4 – 2%
  • degree 5 – 1%

ROI Match

BNB Robotic pays a match on passive returns paid to downline associates.

The identical unilevel workforce as referral commissions is used, this time capped at fifteen ranges:

  • degree 1 – 25%
  • degree 2 – 20%
  • degree 3 – 15%
  • degree 4 – 10%
  • degree 5 – 8%
  • ranges 6 to 10 – 6%
  • ranges 11 to fifteen – 4%

Rank Achievement Bonus

BNB Robotic rewards associates for convincing others to speculate with a Rank Achievement Bonus:

  • Bronze – persuade others to speculate 500 BNB and obtain 0.5%
  • Silver – persuade others to speculate 1000 BNB and obtain 1%
  • Gold – persuade others to speculate 2500 BNB and obtain 2%
  • Platinum – persuade others to speculate 5000 BNB and obtain 3%
  • Diamond – persuade others to speculate 10,000 BNB and obtain 4%

It’s unclear what the Rank Achievement Bonus percentages are paid out on.

Becoming a member of BNB Robotic

BNB Robotic affiliate membership is free.

No minimal BNB funding quantity is specified on BNB Robotic’s web site.

Robotic BNB Conclusion

BNB Robotic represents the newest Ponzi scheme from serial fraudsters hiding out in Thailand.

BNB Robotic represents it generates exterior income through buying and selling:

Which is in fact, given the founders’ historical past of Ponzi schemes, is baloney.

BNB Robotic kinds itself as “BNB Robotic 2.0”, suggesting the primary iteration of the Ponzi scheme has already collapsed.

BNB Robotic represents model 2.0 went stay on July 1st:

Until I’m lacking one thing, BNB Robotic 2.0 has already collapsed:

Between July tenth and July 14th 82.4 BNB was deposited into BNB Robotic, representing round $19,600.

That quantity was then cleaned out between July 14th and July 18th, leaving the Ponzi scheme lifeless.

Eight days is fairly quick for a Ponzi scheme.

Given they haven’t been capable of cease scamming over the previous six years or so, I’m certain we’ll see a brand new crypto rip-off from Cartey and Schwartz by the top of the 12 months.

In each Ponzi scheme they’ve both participated in or run, math has assured the vast majority of members have misplaced cash. BNB Robotic is not any totally different. And neither will their subsequent rip-off be.