Movii Technology Review: A Job Fraud Platform
Movii Technology is a California-based MLM company founded in 2018 in Los Angeles, California.
To convince job seekers to purchase membership plans and invite others to utilize the platform, the company used multi-level marketing techniques and Ponzi-like scams. In December 2021, MoviiTech Asia officially became Movii Technology. Authorities had become aware of MoviiTech Asia by April 2022, which resulted in an arrest in Singapore.
Most people who participate in Ponzi schemes lose money, as investors in MoviiTech found out the hard way. Most of the victims of MoviiTech were located in southeast Asia. The US is now the primary market for Movii Technologies.
According to SimilarWeb, the US (58%), Spain (30%), and Argentina (3%), respectively, are Movii Technology’s top three traffic sources. Movii Technology Review operates from two known website domains:
- movii2u.com – privately registered on August 24th, 2022.
- movii2u.net – privately registered on September 27th, 2022 (note Movii runs off the subdomain “movii.movii2u.net”)
Mind Behind Movii Technology Review
Joseph McKenzie’ is listed as the co-founder and chief director of the business by Movii Technology Review. McKenzie only refers to himself as a spokesperson for Movii Technology in a marketing film posted to the company’s official YouTube account in October.
That “Joseph McKenzie” doesn’t exist is obvious. Although investigators were unable to find his name, however evidence can confirm that he is a British actor:
We can piece together some history from Movii Technology’s official Facebook page to determine who is currently in charge:
Movii Technology Review Investigations
The Commercial Affairs Department detained a 29-year-old man during an island-wide anti-scam enforcement operation between April 1 and 5, 2022, for his alleged involvement in Ponzi-style work frauds that involved earning a commission by watching movie trailers. The Authorities learned about the new job scam website “Moviitech” on March 30, 2022.
The man was arrested during the operation by officials from the Commercial Affairs Department. They also identified three additional men, ages 18 to 41, who are currently aiding investigations for their alleged involvement in the scams.
According to preliminary investigations, the fake organization allegedly employed multi-level marketing tactics to run Ponzi-like scams. The four men are thought to have promoted the scams, recruited prospective employees as members, and provided bank accounts to allow the transfer of nefarious monies. Authorities are still looking into everything.
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.
Movii Technology Review Compensation Plan
Movii Technology solicits investment on the promise of a 300% ROI:
- V1 – invest $50 and receive $2 a day for 75 days ($150)
- V2 – invest $200 and receive $8 a day for 75 days ($600)
- V3 – invest $500 and receive $20 a day for 75 days ($1500)
- V4 – invest $1000 and receive $40 a day for 75 days ($3000)
- V5 – invest $3000 and receive $120 a day for 75 days ($9000)
Additionally, Movii Technology Review affiliates must watch movie trailers through the company’s mobile app. The more an affiliate invests, the more movie trailers they have to watch.
Movii Technology pays referral commissions on invested funds down two levels of recruitment:
- 10% on level 1 (personally recruited affiliates)
- 5% on level 2
Conclusion
Movii Technology Review, formerly MoviiTech Asia, promised job seekers quick and easy money-making options by watching movie trailers on their internet platform. To convince job seekers to purchase membership plans and invite others to utilize the platform, the company used multi-level marketing techniques and Ponzi-like scams. Investigations, however, showed that the company was bogus and had defrauded job seekers who could not withdraw their funds or obtain more commissions. In April 2022, the firm was arrested by law authorities in Singapore.
