The company 38Aladdin advertises itself as a 38Fule affiliate and claims to be based in China.
|ALADDIN SHOP is a division of 38 Fule Technology Group, a significant player in the health and wellness market renowned for the innovation and high caliber of its products.|
A real business, 38Fule, sells a range of health and wellness goods.
However, according to SimilarWeb, 38Fule’s website traffic has stopped. In November 2018, the organization’s official Facebook page was deleted.
I believe 38Fule to be a dead corporation.
Yuan Xiaofeng, who can be seen on 38Aladdin’s website, developed 38Fule.
The domain name “38aladdin.shop” for the 38Aladdin website was privately registered on February 9th, 2023.
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Although I can’t be certain, it appears that Xiaofeng’s appearance has been inappropriately used. Some 38Aladdin marketing videos include Xiaofeng, although it appears that this is old stock material from a previous film.
Additionally, David Hillhouse is a real person. Hillhouse stated he is a US actor from California who immigrated to China in or around 2017 in an interview with Eye Shenzen earlier this year.
What is a Ponzi Scheme?
A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.
|Hillhouse owns an electronics business in Shenzhen in addition to acting. He believes that the city is habitable for foreigners.|
“Shenzhen is a beautiful city. Everywhere I’ve visited in Shenzhen, there are consistently good shopping complexes and high-quality restaurants, the man stated.
Hillhouse’s part was too little to be visible on the entire cast list on IMDB, despite my attempts to confirm it.
In any event, Hillhouse, who plays 38Aladdin’s CEO, is an actress. This is related to the alleged theft of Yuan Xiaofeng.
Hillhouse, as opposed to Xiaofeng, appears in 38Aladdin promotional videos.
Hillhouse is at least aware that he is fronting a fake business.
The main Facebook page of 38Aladdin is run from Singapore, despite the company’s representation that it is a Chinese one.
Scammers from China frequently work out of Singapore or Hong Kong. The misuse of Xiaofeng’s likeness and an actor CEO is related to this once more.
Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.
38Aladdin Review: Products
38Aladdin’s MLM venture does not offer any retailable goods or services.
Only the 38Aladdin affiliate membership itself may be promoted by affiliates.
38Aladdin Review: Compensation Plan
Affiliates of Aladdin invest in “Genie Points” via tether. On the promise of a daily return of up to 1%, this is done.
Basic: Invest $50 to $4999 and get 0.5% interest daily.
Advanced: Receive 0.75% daily on investments between $5000 and $9999.
Premium: Receive 1% daily on investments between $10,000 and $30,000
Tether investments can be withdrawn as Genie Points after 90 days. Withdrawals prior to the 90-day period are permitted, although 38Aladdin retains a portion of the invested tether:
-50% of the deposited tether will be reimbursed if you withdraw between 1 and 30 days.
-Withdraw between 31 and 60 days for a 75% return on your invested tether.
-Withdraw between 61 and 90 days for a 90% return on the invested tether.
Take note that 38Aladdin limits withdrawals in the following ways:
-10% of the budget must go toward cheap Chinese dropshipped goods.
-A 30% reserve is kept for commissions.
-60 percent may be withdrawn.
The 38Aladdin MLM division compensates for affiliate investor recruitment.
38Aladdin Review: Affiliate Ranks
-Essential – recruit one affiliate investor
-Premier – recruit two affiliate investors
-Elite – recruit three affiliate investors
-One Star Elite – generate a downline of three hundred or more affiliate investors or generate 100,000 USDT in downline investment
-Two Star Elite – generate a downline of one thousand or more affiliate investors or generate 300,000 USDT in downline investment
-Three Star Elite – generate a downline of three thousand or more affiliate investors or generate 1,000,000 USDT in downline investment
-Four Star Elite – generate a downline of ten thousand or more affiliate investors or generate 3,000,000 USDT in downline investment
Keep in mind that no more than 50% of the needed downline USDT for rank qualifying can come from a single unilevel team leg.
38Aladdin Review: Residual Commissions
38Aladdin uses a unilevel compensation structure to pay residual commissions.
An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they personally recruited is positioned immediately under them (level 1):
New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.
Aladdin sets a ceiling of ten for purchasable unilevel team levels. As a percentage of the daily returns given to affiliates at these ten tiers, residual commissions are paid as follows:
- Affiliates with a level 1 ranking who were personally recruited earn 20% of that level.
- Affiliates with the highest rankings receive 20% on level 1 and 10% on level 2.
- Affiliates with the highest rankings make 20% on level 1 and 10% on levels 2 and 3.
- Affiliates with the One Star Elite ranking make 30% on level 1, 10% on levels 2 and 3, and 5% on level 4.
- Affiliates in the Two Star Elite program are paid 30% on level 1, 10% on levels 2 through 5, and 5% on level 6.
- Affiliates with a ranking of Three Star Elite make 40% on level 1, 10% on levels 2 through 6, and 5% on levels 7 and 8.
- Affiliates with the Four Star Elite ranking make 50% on level 1, 10% on levels 2 through 8, and 5% on levels 9 and 10.
38Aladdin Review: Rank-Coded Bonus
38Aladdin offers a rank-coded bonus of up to 50% on daily returns generated by downline members.
- Those who are One Star Elites get a 15% Rank Coded Bonus.
- Two Star Elites get a ranked bonus of 30%.
- Those who are Three Star Elites get a 40% Rank Coded Bonus.
- Four Star Elites get a ranked bonus of 50%.
Due to the bonus’s coded nature, daily returns are matched 50% of the time.
If you had a Two Star Elite beneath you and you were a Four Star Elite, they would receive 30% of the compensation, and you would receive 50% of it plus 20% of what wasn’t given to them.
By doing this, upline higher ranking 38Aladdin affiliates can get a reward that is less than 50% of what lower rated One Star Elites and higher below them get.
38Aladdin Review: Global Rewards
38Aladdin uses half of the invested tether to finance Global Rewards.
The four smaller rank-based pools that make up the 50% Global Rewards Pool are as follows:
- One Star Elites are awarded a portion of the 10% Global Rewards Pool.
- A 20% Global Rewards Pool is shared by Two Star Elites.
- Three Star Elites get a 30% Global Rewards Pool share.
- A 40% Global Rewards Pool is shared by Four Star Elites.
38Aladdin Review: Rank Achievement Bonus
38Aladdin offers rank achievement bonuses to affiliates that bring in downline investment.
Keep in mind that affiliate ranks and rank achievement bonus ranks are different.
- Bronze: Earn a 100,000 USDT investment outside of your team’s largest leg and receive 5,000 USDT.
- Silver: You will get 15,000 USDT when you invest 300,000 USDT outside of your largest unilevel team leg.
- Gold: You’ll earn 50,000 USDT when you invest 1,000,000 USDT outside of your largest unilevel team leg.
- Platinum: You will earn 130,000 USDT and invest 2,500,000 USDT outside of your largest unilevel team leg.
- Diamond: You must invest 5 million USDT outside of your largest unilevel team leg to receive 300,000 USDT.
- Create a meteorite investment of 10,000,000 USDT outside of your largest unilevel team leg to receive 500,000 USDT.
Before rank achievement bonuses are paid out, it should be noted that the downline investment requirements must be satisfied for 30 days in a row (i.e., only active investments are considered, not investments that have been withdrawn).
38Aladdin Review: Joining
The Aladdin affiliate program is free to join.
The connected earning opportunity requires an investment of $50 to $30,000 in tether (USDT) for full participation.
38Aladdin Review: Conclusion
38Aladdin is a blatant Ponzi scheme that purports to be operated by Chinese con artists working out of Singapore.
E-commerce is Aladdin’s trick. This, in my opinion, is a clumsy attempt to link Alibaba. Really, the entire scenario is a bit of a joke. Anyone a fool?
It is clear that 38Aladdin’s investment plan has nothing to do with the e-commerce platform that is advertised on their website.
It is a straightforward ecommerce website using a “eShop” design.
Tether is invested by 38Aladdin affiliates on the backend with the guarantee of a daily passive return. This has a pyramid scheme attached to it because 38Aladdin will collapse without ongoing funding.
Everything in 38Aladdin is set up to keep as much money locked up for as long as possible, including the use of Genie Points, withdrawal limitations, and locked up monies for 90 days. Once more, this suggests that it is a Ponzi scheme.
On the regulatory aspect, 38Aladdin does not present any proof that it has registered its securities offering with any jurisdiction’s financial regulators.
This implies that 38Aladdin is at the very least engaging in securities fraud. Ponzi schemes and securities fraud are related.
As with all MLM Ponzi scams, fresh investment will cease as soon as affiliate recruiting does.
As a result, 38Aladdin will eventually fail from a lack of ROI income.
The mathematics underlying Ponzi schemes ensures that when they fail, the majority of investors lose money.