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.
On its website, Expedite Capital does not offer any reliable information about ownership or executives.
There is a list of Expedite Capital executives, but they are made up of names with images that have been stolen:
The domain name “expedite-capital.co” for Expedite Capital’s website was privately registered on July 26th, 2022.
Expedite Capital supplies incorporation information for a dissolved UK firm in an effort to appear legitimate.
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.
It’s improbable that this shell business has any connection to Expedite Capital, leaving alone the fact that UK shell company registration is useless. Eight months prior to Expedite Capital’s website domain being registered, it was dissolved in October 2021.
There is a mention of Husty Designs in the website’s source code.
An MLM cryptocurrency scam factory called Husty Designs is allegedly run out of Chennai, India.
LXPLife, iLearning Crypto, and Twin TurboTRX are three Husty Designs frauds that BehindMLM has already examined.
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.
The Products of Expedite Capital
Expedite Capital doesn’t offer any goods or services for retail sale.
Only the Expedite Capital associate membership itself may be promoted by affiliates.
The Compensation Plan for Expedite Capital
Affiliates of Expedite Capital invest money with the expectation of earning the promised returns:
- Plan A – invest $100 to $4999 and receive 2.5% after 12 hours
- Plan B – invest $5000 to $9999 and receive 4% after 24 hours
- Plan C – invest $10,000 to $49,999 and receive 5.5% after 48 hours
- Plan D – invest $50,000 or more and receive 8% after 78 hours
Down three levels of hiring, Expedite Capital provides referral commissions on invested funds (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 2%
- level 3 – 1%
Signing up with Expedite Capital
Affiliate membership with Expedite Capital is free.
The associated income opportunity requires a minimum commitment of $100 to participate fully.
Expedite Capital Conclusion
Another low-effort Ponzi scheme from Husty Designs is called Expedite Capital.
| Can you trust expedite-capital.co? A legitimate investment company with UK corporate status is expedite-capital.co. |
As was mentioned in the review’s beginning, Expedite Capital offers incorporation information for a dissolved UK company.
However, shell incorporation does not correspond to a “legal investment company” even if the company was not liquidated.
It shouldn’t be shocking that Expedite Capital lied about being “legit” given its fake executives and Bitcoin mining scam.
All Expedite Capital does, like all Husty Designs schemes, is reinvest freshly invested money to pay off previous investors.
As with all MLM Ponzi scams, fresh investment will cease as soon as affiliate recruiting does.
As a result, Expedite Capital will eventually collapse due to a lack of ROI revenue.
The mathematics underlying Ponzi schemes ensures that when they fail, the majority of investors lose money.
What is a Ponzi Scheme?
A Ponzi scheme is a type of scam that entices investors and rewards previous investors with earnings from more current investors using their money. The Ponzi scheme, named after the Italian businessman Charles Ponzi, deceives victims into thinking that their gains are the result of successful business ventures (such as sales of products or wise investments) while keeping them in the dark about the true source of the money.
As long as new investors keep putting money in and the majority of investors continue to believe in the fictitious assets they are supposed to possess, a Ponzi scheme can continue to provide the impression that it is a viable business.
The “Ladies’ Deposit,” run by Sarah Howe in the 1880s in the United States and Adele Spitzeder in Germany from 1869 to 1872, was used in some of the earliest documented instances that fit the contemporary description of the Ponzi scam. Howe gave his only female clientele an 8% monthly interest rate before robbing them of their invested funds.
After being found, she was sentenced to three years in prison. There have also been literary descriptions of the Ponzi scam; Little Dorrit, published in 1857, and Martin Chuzzlewit, published in 1844, both contain descriptions of the Ponzi scheme.
Charles Ponzi ran this scheme in the 1920s, and as a result of the enormous sum of money he made, he gained notoriety throughout the country. His initial plan relied on the legal arbitrage of international reply coupons for postage stamps, but he soon started using the funds from new investors to pay off previous investors and to pay himself. In contrast to prior comparable schemes, Ponzi’s received a lot of public attention while it was being carried out and after it collapsed, garnering him enough prominence for the type of scheme to be named after him.
Characteristics
A con artist uses investments that promise extremely high returns with little to no risk to their victims in a Ponzi scheme. The claims are made that the con artist’s secret venture or business is where the returns come from. The company does not actually exist, or the concept does not function as intended.
Using the funds gained from later investors, the con artist pays the large profits promised to their earlier investors. The scam artist tries to recruit new investors to make the payments that were promised to earlier investors instead of engaging in a legitimate commercial activity. Additionally, the scheme’s operator uses client money for personal expenses.
Ponzi schemes need a steady inflow of new money to survive because they have little to no actual earnings. These scams fall apart when it becomes difficult to find new investors or when many existing investors withdraw their money. Therefore, the majority of investors wind up losing all or most of their initial investment. In rare circumstances, the scheme’s creator may merely vanish with the money.
Get Your Money Back Suspicious
A red flag
Many Ponzi schemes share traits, according to the U.S. Securities and Exchange Commission (SEC), that should raise “red flags” for investors.
-High profits on investments with little or no risk. Every investment entails some level of risk, and more risk is often present in investments with larger expected returns. Any investment opportunity that is “guaranteed” should be viewed with suspicion.
-Returns that are too regular. The value of investments, especially those with the potential for substantial returns, fluctuates over time. An investment is deemed suspect if it consistently produces positive returns notwithstanding general market conditions.
-Investing that is not registered. Investments that haven’t been registered with financial regulators (like the SEC or the FCA) are frequently used in Ponzi schemes. The benefit of registration is that it gives investors access to crucial data regarding the management, goods, services, and financials of the firm.
-Unauthorized vendors. Investment professionals and their firms must be licensed or registered in the US under federal and state securities regulations. Most Ponzi schemes involve unregistered businesses or unlicensed persons.
-Sophisticated or covert tactics. Suspicious investments are those that cannot be fully comprehended or on which no complete information can be located or gained.
-Problems with the papers. Errors in account statements could indicate that money is not being invested as promised.
-Having trouble getting paid. Investors should be wary of situations when they don’t get paid or have trouble withdrawing their money. Promoters of Ponzi schemes occasionally attempt to deter participants from withdrawing their money by promising even greater rewards for sticking around.
