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Eteric Power: Is It a Ponzi Scam? Revealing The Truth (Update 2024)

Eteric Power
This is a user-generated post. Gripeo does not take responsibility for the accuracy of any statements made in this post.
Eteric Power makes many claims about its legitimacy but are they worth your money or are they a scam? Find out the answer in this detailed review.

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Eletric Power is just another Ponzi scheme that targets fans of digital currencies. To determine whether they are trustworthy or not, read this review.

On its website, Eteric Power omits to include ownership or executive information. The domain name “eteric-power.com” for the website of Eteric Power was registered privately on April 14, 2023.

Before we get started with this review
Such posts are made possible by the collective efforts of our contributors. If you can provide any kind of insight into Eteric Power or a similar company/individual, then share your information with us using our secured form.

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.

I found a mention of “Prudential Investments Pty Ltd” in the source code of Eteric Power. There is a link to an ASIC search provided.

Nothing conclusive because there are only a few matches. The fact that the reference is commented out in the source code, however, suggests that Eteric Power was created using a template.

The Eteric Power website produced 1230 items when I searched for a text excerpt there. 

There is a good chance that we are dealing with some highly active fraudsters.

Always consider joining and/or giving any money to an MLM firm very carefully if it is not openly forthcoming about who is in charge of or owns it.

Our Methodology

We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.

All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.

These reports are made possible by the collective efforts of contributors like you. If you would like to become a contributor then contact us here.

1/12/2023 Update
As of now, Eteric Power has not responded, nor has it apologized for its misdeeds. They have ignored our efforts to highlight the problems faced by their victims. Furthermore, they have only focused on propagating their fake PR.

Products of Eteric Power

There are no resaleable goods or services offered by Eteric Power. The only product that affiliates may promote is the Eteric Power affiliate membership itself.

Compensation Plan of Eteric Power

Affiliates of Eteric Power make cryptocurrency investments in the amount of USD.

This is done on the basis of advertised returns:

LevelInvestment AmountReceiving % Period (time)
Level 1$ 100 or more1.87 Days
Level 2$ 10,000 – 30,000 or more2.514 Days
Level 3$ 30,000 or more 330 Days
Level 4$ 20,00060 Days
Level 5$ 20,000 or more1060 Days

Down two tiers of recruiting (unilevel), Eteric Power offers commissions for referrals on cash invested.

  • 10% of affiliates at level 1 who were individually recruited
  • Level 2: 5%

Membership of Eteric Power

The affiliate program for Eteric Power is free. A minimum investment of $100 is necessary to participate fully in the associated income opportunity. Investment in Bitcoin, Ethereum, and Tether is sought after by Eteric Power.

Eteric Power Summary

Eteric Power is a Ponzi scam with standardized low effort. You may choose anything from their website, but I specifically looked for the following words:

They function in the stock market and engage in completely fake cryptocurrency trading as part of their business, which is centered on online investments.

If you enter it in Google, each and every website result that appears is a Ponzi scheme using the exact same template and is being operated by the same fraudsters and crooks.

According to the aforementioned quotation, Eteric Power claims to obtain external money through “the stock market” and “cryptocurrency trading,” which is why it is a Ponzi scam.

No proof is offered that these activities generate outside revenue. The Ponzi reasoning test shows that Eteric Power’s business plan is flawed as well.

If you have sensitive information or have had a personal experience with Eteric Power but want to stay anonymous, then submit it using our secured form. You can connect with our expert contributors and help in finding the truth. We never share your information with 3rd parties.

Why do they require your money if the unknown admin(s) operating Eteric Power are capable of earning up to 10% every day legitimately?

As things stand, new investment is the sole verified source of income entering Eteric Power.

Eteric Power is a Ponzi scam since it uses fresh capital to provide affiliates with a daily return.

When affiliate recruiting stops, fresh investment stops as well, as is the case with all MLM Ponzi schemes.

Eteric Power will eventually fail since this will starve it of ROI income.

Ponzi schemes’ mathematical foundations make it inevitable that the majority of participants will lose money when they fail.

Even though we talked about the Ponzi scheme Etric Power, do you know exactly what a  Ponzi scheme is? Come, I’ll explain everything in greater detail for your benefit.

What is a Ponzi Scheme?

Ponzi schemes are a well-known type of financial fraud in which the money from new “investors” is distributed to the current “investors” as “profits.” The majority or all of the money was ultimately pocketed by the scammer. 

The bulk of Ponzi schemes involve no actual “investment,” and the con artist often keeps the majority, if not all, of the gains. The fraud continues because the money shifts from fresh victims to old ones, which gives the impression that the scheme is profitable. 

The financial scam continues for as extended as there is a big enough intake of new members. The plan reaches its limit and fails once this runs out.

Here is a summary of the three phases that make up the normal evolution of a Ponzi scheme.

Step 1: Construction of a visually appealing plan

One of the oldest scams in the book is the Ponzi scheme. Charles Ponzi, an Italian immigrant in North America who made investment promises of a 40% return in just three months, is credited with starting it in the early 1920s. 

Charles’ scheme was straightforward: take money from today’s investors to pay yesterday’s investors, then pocket the remaining earnings. His 40% guarantee would keep luring unwary victims, bringing in over 30,000 of these “investors” in less than six months. 

Step 2: Rewarding initial Investors

Ponzi schemes purposefully underpay early investors in order to convince them that the scam is legitimate, to the point where they will even recommend it to their friends. 

Today, it’s also extremely typical to see advertisements for Ponzi schemes offering additional “rewards” or “bonuses” to investors who successfully introduce them to other people

For “investors” to continue making money, certain fraudsters make recommendations necessary. Through the use of this method, con artists may easily discover fresh victims. 

There are certain scams with complex compensation structures where “investors” or “employees” need to find other victims in order to make a profit. Such situations are sometimes referred to as pyramid scams.  

Step 3: The demise

A house of cards is certain to collapse eventually. 

Once they have made a particular amount of money or when they feel the scam is going to fail, the ringleaders typically start to put their escape plan into action. However, while a tiny percentage of investors may receive profits, the great majority lose everything. 

Our Binance Risk team created the following algorithm after studying multiple real-life incidents to assist consumers in identifying Ponzi schemes in the crypto world: 

Offer+ Assurance of Unrealizably High Returns + Zero Loss of Principal+Affiliate Rewards= Ponzi Scheme

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.

Guidelines or Warnings for Avoiding Ponzi Schemes

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Although it might be challenging to spot a Ponzi scam, there are certain frequent warning indicators to look out for.

2.5
Eteric Power

Get Your Money Back Suspicious

If you have been scammed by Eteric Power, then you can get justice by sharing your complaint with us. We will connect with you experts and journalists who will help you get your money back and get heard by the right people.
It is strongly suggested that you do your own research before spending money online. This is a user-generated report.
  1. Be aware of cryptocurrency offers or “schemes” with huge returns that keep your money under unclear or arbitrary restrictions. Remind yourself that it’s always wise to do extensive study before making any investing selections. 
  1. Consider any investment opportunity that offers a guarantee of big profits as potentially fraudulent. The trade-off between danger and reward is common; any investment that offers 100% assurance in addition to an appealing return is quite suspicious.
  2. Encourages to join “investing teams” should be viewed with suspicion, especially if they promise returns that appear too high.
  1. To verify any cryptocurrency investing “plan” or “scheme,” ask for formal documentation. It’s probably a fraud if the investing technique is kept a secret or discounted as being too complicated to explain. 
  1. Inquire as to how any “scheme” produces profits for its backers. If it’s done in a way you’ve never heard of before, use caution. 

Finally, I hope you will utilize the knowledge I’ve given you in this post to better comprehend the variations among the investment plans you might choose from.

Eteric Power: Is It a Ponzi Scam? Revealing The Truth (Update 2024)
Eteric Power: Is It a Ponzi Scam? Revealing The Truth (Update 2024)

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