SOUTH AFRICAN TRADING PONZI SCHEMES

So how did it all fit together? Lets run through the details..

“STEVEN TWAIN

Steven Twain is our primary trader, he has  access to the latest trading tools to help maximize returns on his Binary, forex & commodities trading through an exclusive business partnership. 

Using these cutting edge tools and extensive experience he’s able to consistently win in a market that crushes most newcomers. 

There is a LOT of money to be made in binary trading if you know what you’re doing, have the right tools & more importantly have the right personality and level of self control to stick to your rules consistently.

Steven has had consistent positive returns for 6 years now, in fact at one point he was able to pay out 40% to his largest investors weekly & still make a profit for himself!”

BTC GLOBAL

BTC Global is the marketing arm of Steven’s Trading business. That group negotiated an amazing deal with Steven to get access to his trading services for as little as a $1000 initial bitcoin deposit & to also setup a referral system to pay out commissions when people share BTC Global with others.

BTC Global maintains the back office software and tracking systems but does not directly handle the money invested. All funds are paid directly to & from Steven in Bitcoin.

THE OPPORTUNITY

BTC Global (Steven Twain) guarantees 14% per week on US Dollar value of your deposits

Invested Capital can be returned within 8-14 Days of request for payout being processed.

BTC Global accept deposits in Bitcoin & pays returns in Bitcoin to allow for a truly global business!

All investments are converted to US Dollars & returns are calculated on the US Dollar amount invested.”

How the Investment Fund Works

The investment is actually paid in Bitcoin at the exchange rate on the date relevant to $1000 or the amount being sent. The funds are reflected in the member’s back office in US$. Returns are based on the US$ amount invested and when paid out is converted back to Bitcoin at the days rate of exchange and paid to the member’s external Bitcoin wallet. 

This “Company” as it is promoted is not registered here in South Africa and thus cannot be registered with the financial services board or be complying with any exchange control regulations.

The Wallet Service provider, Luno, seems to be the wallet of choice. This is clearly due to its ease of use as it is linked to 4 major South African banks. The investors are predominantly South African so it is very necessary to maintain an easy route for members to buy Bitcoin.

The strategy promoted by the owners of the scheme is reinvestment for the first the first 8 weeks. 

Promoting, recruiting and rewards.

In order to ensure continued growth, the scheme rewards members for recruiting new people. Below is the “commission” structure offered.

Initially the commissions were as follows :

There are TWO ways to earn in BTC Global.

1. RETURNS on Investment

This is very simply calculated at 14% of the dollar amount you invested weekly paid in BTC.

2. Team Shares or Commissions

This is earned MONTHLY on the people you recruit or refer.

When you have 5 people front line (on your level 1) you get 4% paid monthly on their collective investment.

To qualify for the next levels see below;

• Level 2 is 4 % and you need 15 people front line
• Level 3 is 3% and you need 30 people front line
• Level 4 is 1% and you need 70 people front line
• Level 5 is 0,5% and you need 100 people front line

**Remember all payments are calculated in US DOLLARS and PAID in BITCOIN. So amounts paid are varied due to BTC price fluctuations but DOLLAR payout is constant according to the above info.

Note that you can only earn referral commission if you are active with a minimum of $1000 invested.

Then in December 2017 the commission structure was changed. This is very often a sign of a cash flow problem.

TEAM COMMISSIONS

For each new investment and or reinvestment made by a member of your team, you will receive a once off commission as follows;

• Level 1 – 2%
• Level 2 – 2%
• Level 3 – 1%
• Level 4 – 0.5%
• Level 5 –  0.25%

Commissions are released directly into your active investments within 24 hours after the month end cut-off.

Commission Qualification

For a member to be able to earn commissions from their team deposits and or reinvestments, you as the team leader need to have a minimum number of personal recruits as well as a personal active investment. The following table defines how many personal recruits are required by the team leader to unfreeze commissions;

• Level 1 – 5 Personal Referrals
• Level 2 – 15 Personal Referrals
• Level 3 – 30 Personal Referrals
• Level 4 – 50 Personal Referrals
• Level 5 –  100 Personal Referrals

Freezing of commissions

As members of your team make deposits and or reinvestment a commission record is created on your profile, should you not qualify for such commission/s, the system will automatically freeze the commission until such time you have met the minimum qualification to receive them.

As soon as you have reached the minimum required personal referrals our support team will automatically unfreeze your commissions and thus making them visible to you.

Payment of commissions

On the last Monday of the month all your unfrozen commissions will be transferred into your total active investment as an investment, you may then request a withdrawal against your capital balance by creating a case through the member portal.

Should you choose not to withdraw commission from your capital, then your commission will earn 2% per day for as long as your total active capital remains in trade.

Unclaimed Commissions

Unclaimed commissions are commissions that are in a frozen state because you have not yet qualified for these commissions and are only released to you once you qualify. Once the commissions are release (unfrozen) they will reflect on your dashboard and then at month end be transferred into your Active Investments as an investment.