Carnelian12 review, recently updates the brutal knock down of the firm. However, the knocked-out firm, Carnelian12 has been prepared for the defeat. Rather, it would be better to conclude that Carnelian12 has been planning for the same.
According to an in-depth Carnelian12 review, certain facts assert the above claims. Let’s have a look, how desperately, Carnelian12 tried to maintain a legitimate image.
You can help us put a stop to online scams before they grow too big and end-up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.
The firm was registered under two domains, carnelian12.net and c12.net. The former, was registered on February 20, this year and latter, had an update regarding registration on 4th May, the same year. However, Carnelian12 had a hurry of celebrating 6 months anniversary, and hence, merely, to have a happening celebration they morphed the registration dates, claiming it to be November 12, 2022. Carnelian12 review, in no way doubt the intent to celebrate 6 months anniversary, but the urge, is worth pondering.
Carnelian12 even tried to falsely frame an incorporation linkage with Hong Kong, certified with doctored certification for “C12 Trading & Services Limited”. According to the fictitious claims, the incorporation was established on March 29, 2023 by Andreas Garcia & Partners, tech team leads of the firm. Anyways, like every other claim, this one is crafted too as the names mentioned do not exist for real.
Similar, false claims have been a habitual practice of Carnelian12. These false claims clearly depict the illegal efforts of Carnelian12 to pretend itself as legal. Furthermore, Carnelian12 claimed 144% returns in merely 12 days of investment. Which is not just illogical but laughable. Yet, Carnelian12 managed to deceive traders. People from different countries invested in the doctored scheme, without scanning the investment structure of Carnelian12.
How exactly does a Ponzi scheme operate?
An investment fraud known as a Ponzi scheme draws investors with claims of great returns and no risk but fails to invest the money as stated. Instead, it pays off earlier investors with money from future investors while maybe keeping a portion of the profits. These schemes typically fail when recruiting investors becomes challenging or when multiple investors attempt to cash out. They depend on a steady flow of new buyers to operate. They are called after Charles Ponzi, who ran a similar scam using postal stamps in the 1920s.
Although, authentic Carnelian12 review, clearly states that the sole source of legit capital gain, is the pool of investment. As the firm has no retailable product or service, all ways to generate revenues are discorded. The single entity sold by the firm is their membership with full participation, which is again a pool to people’s money, looted by bluffing. Now, think of a firm that claims to return 144% of the invested by investment, itself. Isn’t it a tricky practice to ransack countries?
Around the world various countries have been a victim of Carnelian12 false claims. Carnelian12 has convinced masses of various countries via solicit calling and falsely asserting the revenue generation, and made them invest into its fraudulent MLM scheme of NFT trading and crypto trading. However, different authorities tried to curb the loss. CNN and the Russian government acted to inform people about the high risk NFT trading poses. The Central Bank of Russia issued a Carnelian12 pyramid fraud warning to alert the masses, and avoid the financial mishap, on May 2nd, 2023. CNN aired a telecast about the NFT threats (Emerging NFT frauds: ‘Wash trading’ and money laundering (cnbc.com)).
Here is a list depicting the global traffic of the domains, in accordance with, Carnelian12 review.
“Carnelian12.net”:
- The US (33%)
- South Africa (14%)
- Spain (9%)
- Italy (8%)
“C12.net”:
- The US (16%)
- Germany (13%)
- Russia (10%)
- Brazil (9%)
- Spain (8%)
Carnelian12 Review: NFT trading, an aid to Ponzi traders
Carnelian12 is a MLM ponzi firm, with age-old networking of naive traders to rob them in the name of membership/participation fee. Besides, Carnelian12 succeeded in generating huge revenues due to its mephistophelian tricks. Carnelian12 used NFT trading as a reboot to the falling trades of crypto. People being less known to NFT, get easily deceived by cons.
However, here it needs to be notified that NFT is the non-fungible token, which is a form of digital assets, and can not be exchanged for physical money.
Carnelian12 potentially exploits the naive NFT traders and represents fake documentations to convince them to buy the membership. The company represents NFT trading as its primary functionality but the authentic sources are on the contrary. According to legit, Carnelian12 review, the firm has no participation in NFT trading. It merely, falsely affirms the trade, in order to fetch money from traders.
Carnelian12 Review: Modus Operandi
Carnelian12 and similar firms make random solicit calls to superficially judge the expertise of traders. Once they encounter confusing or gullible individuals, they start targeting the person, with all sorts of tactics. Sooner or later, individuals get trapped by the firm and the Ponzi firm enjoys the least deserved profits.
Along with solicit calling, Carnelian12 used MLM tactics to exponentially exploit the gullible traders, and ransack multiple nations. Carnelian took up, ‘free membership notion’ to trap the traders and later added on several disguised charges, subsuming a mandatory participation fee of $12.
Although the firm merely functioned for 3-4 months, it made high revenues by collecting the investments. Investment pooling had been the sole source of revenue generation and hence, the firm crafted various agents to assure a regular looting of pockets.
People got fooled by fake documentation and false advertisements and governments took the least measures. MLM Ponzi schemes are nothing new in the market, yet the firms make an adverse impact in the markets, each time, this could be ceased by little precautions and as they say, precaution is better than cure.
However, claiming immense profits and 144% returns in 12 days, turned out to be fake and the firm collapsed on 13th June, 2023. The people who are willing to invest in NFT trade, shall move forward but must beware of Ponzi trades.
Carnelian12 Review: Crypto, commission & cons
Along with faking NFT trading, Carnelian12 also financially exhausted the traders by asking affiliates to invest USD in cryptocurrencies. Where, in NFT trading the firm falsely highlights the revenue generation, in cryptocurrency the firm makes fake promises of guaranteed commission. The commission is promised till three levels of affiliation, but it is quite clear that in the firm’s life span of 3-4 months, how many affiliates could have grabbed a single check of commission.
Further, the levels of Carnelian12, along with the compensation plans needs to be focussed on:
The affiliation is a unidirectional chain, where a person with membership of Carnelian12, affiliates first level members and the first affiliates, affiliate the second level, followed by the rest.
Each level is promised a certain commission , till the first three levels, nevertheless, the percentage of commission is inversely proportional to the level of affiliation. Although, 7% of commission is specified by the firm, as a click-bait for affiliates convincing traders to invest $100000 in cryptocurrency.
Carnelian12 Review: Conclusion
Based on the MLM scheme, Carnelian12 is a firm with fake promises and claims. Carnelian12 never mentioned its ownership and prompted, none of the executives, in its website. It even failed the logic test behind unrealistic profit margins, yet, the firm assured gains for itself. This could be concluded as a resultant of the efficiency of its marketing team and astute administration. However, as far as financial security is concerned, Carnelian12 and several other Ponzi firms are a major threat to the global economy. Hence, the government should be liable to assure a red-alert at the time of doubt.
Carnelian12 Review: Suggestion
The firm made false claims regarding its registration dates and trading practices, the false claims were a sign of dubious trade practices, since the very beginning but ignorance of facts led to financial forgery. Also, it cannot be denied that the immensely efficient marketing techniques of these fraud firms aid them in luring the traders.
However, few sincere precautions and information gathering, in terms of knowledge could cease the major financial losses. The more in-depth knowledge of trading enables the masses to figure out the difference between actual gains and mere click baits. Hence, before making trade in MLM firms, proper knowledge is recommended to be assured.
