Full Velocity supplies no data on their web site about who owns or runs the corporate.
Full Velocity’s web site area (“fullvelocity.commerce”), was privately registered on December thirty first, 2021.
Additional analysis reveals James Ward showing in Full Velocity advertising movies as CEO:
James Ward (proper) first popped up on BehindMLM’s radar in 2010, because the CEO of LGN Prosperity.
LGN Prosperity marketed journey vouchers, with every voucher producing a place in a matrix 2×2 cycler.
Following months of associates not getting paid, in mid 2011 LGN Prosperity morphed into LGN Worldwide.
This name-change introduced on the addition of commissions paid on journey companies booked by way of LGN.
LGN Worldwide finally collapsed in mid to late 2013, with Ward heading up iBizWave as CEO and co-founder in early 2014.
In 2015 Ward launched 2SL Begin Residing, which noticed him return to the journey MLM area of interest.
2SL Begin Residing was short-lived, prompting Ward to launch Pangea in 2016.
Pangea’s unique enterprise mannequin was a matrix cycler hiding behind journey.
By early 2017 Pangea had collapsed. Ward rebooted Pangea with a brand new compensation plan.
The one materials distinction was the cycler expanded to a few tiers, so it’s not stunning that Pangea 2.0 additionally didn’t final lengthy.
In late 2019 Ward resurfaced with Sports activities Buying and selling BTC, a crypto Ponzi scheme.
Sports activities Buying and selling BTC collapsed by December 2019, prompting Ward to reboot the scheme as International Credit Community.
As per web site visitors charts supplied by Alexa, International Credit Community collapsed in or round April 2020.
In late June 2020 Ward launched his first smart-contract Ponzi scheme, Lion’s Share.
Lion’s Share collapsed by early 2021, prompting Ward to launch Apex Monetary April 2021.
Apex Monetary was a joint-venture with Hitesh Juneja and Jason Rose. The scheme noticed associates spend money on AFT tokens, on the promise of as much as 0.85% paid day by day for 360 weekdays.
Apex Monetary’s web site remains to be up. Alexa visitors estimates to its web site nonetheless reveal a collapse all through late 2021.
There seems to have been an try and reboot Lion’s Share as “Lion’s Share Velocity” mid 2021. No matter that was it flopped so quick we missed it.
In any occasion, all of that brings us to Full Velocity’s launch final month.
Learn on for a full evaluation of Full Velocity’s MLM alternative.
Full Velocity’s Merchandise
Full Velocity has no retailable services or products.
Associates are solely capable of market Full Velocity affiliate membership itself.
Full Velocity’s Compensation Plan
Full Velocity markets passive weekly returns of 0.21% to five.4%.
Returns are purportedly generated by way of “FV Bot”. FV Bot is a passive crypto buying and selling bot which Full Velocity sells entry to.
Full Velocity calculates weekly subscription charges as 30% of returns paid out.
The FV Bot minimal funding quantity is $200.
Word all compensation transactions in Full Velocity are made in tether (USDT).
The MLM facet of Full Velocity pays on weekly subscription charges paid by recruited associates.
Full Velocity Affiliate Ranks
There are six affiliate ranks inside Full Velocity’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Gear 1 – recruit one affiliate
- Gear 2 – recruit three associates
- Gear 3 – recruit 5 associates
- Gear 4 – recruit seven associates
- Gear 5 – recruit ten associates
- Full Velocity – recruit twelve associates
Residual Commissions
Full Velocity pays residual commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned immediately below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Full Velocity caps payable unilevel staff ranges at twenty.
Residual commissions are paid out as a proportion of weekly subscription charges paid throughout these twenty ranges as follows:
- Gear 1 ranked associates earn 25% on stage 1 (personally recruited associates) and 10% on ranges 2 and three
- Gear 2 ranked associates earn 25% on stage 1, 10% on ranges 2 to five and 5% on stage 6
- Gear 3 ranked associates earn 25% on stage 1, 10% on ranges 2 to five, 5% on ranges 6 and seven and a couple of.5% on ranges 8 and 9
- Gear 4 ranked associates earn 25% on stage 1, 10% on ranges 2 to five, 5% on ranges 6 and seven, 2.5% on ranges 8 to 14 and 1.25% on stage 15
- Full Velocity ranked associates earn 25% on stage 1, 10% on ranges 2 to five, 5% on ranges 6 and seven, 2.5% on ranges 8 to 14 and 1.25% on ranges 15 to twenty
Becoming a member of Full Velocity
Full Velocity affiliate membership is payment.
Ongoing subscription charges, calculated as 30% of weekly generated returns, have to be paid to be able to proceed incomes.
Full Velocity Conclusion
Full Velocity signing anybody up totally free and gathering charges from earnings is an fascinating strategy.
Sadly it doesn’t negate regulatory non-compliance pertaining to securities fraud.
Full Velocity claims its FV Bot
is a hedged primarily based buying and selling system that concurrently takes lengthy and quick positions to create a pure hedge.
It calculated the proper positions to exit the place the loss from the shedding place is smaller than the acquire from the profitable place.
That is NOT like a typical “greenback price averaging” bot that continually repurchases positions after which will get caught for weeks in trades.
There isn’t a strategy to confirm this, as a result of Full Velocity failing to supply audited monetary reviews. It is a potential violation of the FTC Act.
Moreover taking James Ward’s buying and selling worth claims at face worth raises additional questions.
As above, Ward claims FT Bot generated 15.1% in January 2022.
If you happen to had a buying and selling bot able to producing ~15% a month (Ward claims FT Bot has been operating since March 2021), why would you give away entry totally free?
What somebody with a 15% buying and selling bot would truly do is run it themselves quietly. Compound and retire because the richest individual on the planet in just a few years.
Once more, all of that assumes you’re taking James Ward’s buying and selling income claims at face worth – which you completely shouldn’t.
Full Velocity’s web site claims weekly returns relationship again to March 2021 are “verified third occasion information”.
The place is that this information? Why hasn’t it been filed with the SEC?
Nevertheless they’re generated, MLM firms providing passive returns are providing securities.
Securities choices are required by regulation to be registered with the SEC.
A search of the SEC’s Edgar database reveals neither Full Velocity or James Ward are registered with the SEC.
If Ward is to be believed Full Velocity and its FT Bot are above-board. If that’s the case, why is the corporate working illegally?
Whenever you mix this with Ward’s historical past of launching rip-off after rip-off, you get a clearer image of what Full Velocity is.
Full Velocity is a “lulz can’t contact our cash!” scheme. To that finish the corporate makes the same old claims of “you’re answerable for your cash!” and many others.
In actuality no matter funds you allocate to Full Velocity’s bot are in actual fact out of your management.
There’s nothing stopping Full Velocity cleansing out your account. This happens by way of rigged trades; both blowing the bot up or arising with another excuse.
In each situations admins exit-scammed by way of rigged trades of their favor.
That’s the end-game of each “lulz can’t contact our cash!” scheme. Full Velocity received’t finish any completely different.
