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Faux buying and selling “click on a button” app Ponzi


WorldOTC stands for “World Over the Counter”. Don’t learn an excessive amount of into the title, it’s not imagined to imply something.

WorldOTC offers no info on its web site about who owns or runs the corporate.

In an try to look respectable, WorldOTC offers a bunch of meaningless or outright bogus regulatory certificates via its app.

One of many offered certificates is from the FCA. I appeared up the reference quantity within the FCA’s registry and it doesn’t exist.

WorldOTC’s web site area (“worldotc.com”), was first registered in 2019. The non-public registration was final up to date on June seventeenth, 2022.

I consider that is on or round once they present house owners took possession of the area.

If we take a look at the source-code of WorldOTC’s web site, we see it’s localized to Chinese language:

This strongly suggests whoever is behind WorldOTC has ties to China.

SimilarWeb reveals a big uptick of visitors to WorldOTC’s web site starting June 2022.

38% of WorldOTC’s web site visitors originates from Vietnam. 31% is from Spain and 6% is from Peru.

As all the time, if an MLM firm just isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.

WorldOTC’s Merchandise

WorldOTC has no retailable services or products.

Associates are solely in a position to market WorldOTC affiliate membership itself.

WorldOTC’s Compensation Plan

WorldOTC associates obtain an app and make investments USD equivalents in tether (USDT).

That is executed on the promise of marketed returns:

  • make investments $10 and obtain 4 cents each 3 hours
  • make investments $20 and obtain 8 cents each 3 hours
  • make investments $30 and obtain 12 cents each 3 hours
  • make investments $40 and obtain 16 cents each 3 hours
  • make investments $50 and obtain 20 cents each 3 hours
  • make investments $60 and obtain 24 cents each 3 hours
  • make investments $70 and obtain 28 cents each 3 hours
  • make investments $80 and obtain 32 cents each 3 hours
  • make investments $90 and obtain 36 cents each 3 hours
  • make investments $100 and obtain 40 cents each 3 hours
  • make investments $500 and obtain $2 each 3 hours
  • make investments $1000 and obtain $4 each 3 hours
  • make investments $5000 and obtain $20 each 3 hours
  • make investments $10,000 and obtain $40 each 3 hours
  • make investments $100,000 and obtain $400 each 3 hours

There doesn’t seem like any restrict to WorldOTC’s marketed returns. A 3% price is charged on all withdrawals.

WorldOTC pays a referral fee on invested USDT down three ranges of recruitment (unilevel):

  • degree 1 (personally recruited associates) – 15%
  • degree 2 – 10%
  • degree 3- 5%

Lastly, for each ten investing associates recruited, the affiliate who recruited them receives $10 USDT.

Becoming a member of WorldOTC

WorldOTC affiliate membership is free.

Full participation within the hooked up revenue alternative requires a $10 to $100,000 funding in USDT.

WorldOTC Conclusion

WorldOTC is one other app-based activity Ponzi scheme from what seems to be Chinese language scammers.

WorldOTC’s Ponzi ruse is a “buying and selling service”, managed by “a staff of skilled professionals (with) an enormous liquidity pool”.

WorldOTC represents “clicking a button” generates trades. To qualify for the utmost each day ROI, WorldOTC associates should click on a button within the app each 3 hours per energetic funding.

Scammers get round this by selling WorldOTC automation scripts.

Be it automated or guide clicking, no trades happen. All WorldOTC are doing is recycling invested funds to pay returns.

WorldOTC is a part of a bunch of “click on a button” app Ponzis launched since late 2021.

Together with WorldOTC, BehindMLM has to date documented thirty-one “click on a button” app Ponzis. Most of them final a number of weeks to some months earlier than collapsing.

The identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.



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