When it comes to the online investment world, NewEra Community has been making some waves. But, there’s more to this platform than meets the eye. This comprehensive review will delve into the details of NewEra Community, including its ownership, operation, compensation plan, and more.
Unveiling the Veil: Ownership of NewEra Community
Despite being present on various social media platforms, NewEra is rather secretive about its ownership. No concrete information about its top brass can be found on its website.
However, deeper investigation reveals Salman Sardar as the CEO of NewEra Community. Sardar has a history in ACN and later shifted to MLM cryptocurrency fraud, making a significant impact in the BizzTrade Ponzi scheme.
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.
The BizzTrade Connection
BizzTrade started as BizzTrek, an imitation of Amazon run by brothers Rehan Gohar, Rizwan Gohar, and Gurpreet Dhaliwal. After its collapse in 2019, it rebooted as BizzTrade, starting as a forex Ponzi scheme and later transitioning to crypto.
However, after the BizzCoin iteration of BizzTrade collapsed in late 2021, it rebooted as BizzTrade Pro in 2022. It’s worth noting that each of these iterations eventually failed, leading to the latest venture, NextGen Academy, which also collapsed within a year.
While there’s speculation that it is a reboot run by the Gohar brothers, solid evidence is lacking. If the Gohar brothers are indeed running NewEra Community with Salman Sardar, it’s being kept under wraps for the time being.
The Dubai Connection
Despite the CEO of NewEra Community being based out of the UK, the company maintains ties with Dubai, a city known for its lax enforcement of securities fraud regulation.
It’s critical to note that Dubai has been ranked as the MLM crime capital of the world by BehindMLM due to the rampant scams operating out of the city.
Delving into NewEra Community’s Products and Services
NewEra Community doesn’t offer any retailable products or services. The only thing affiliates can market is the membership to the platform itself.
NewEra Community’s Compensation Plan
Investors in NewEra Community invest USD equivalents in Bitcoin or tether with the promise of a weekly passive return ranging from 2% to 4%. The platform has different investment tiers, starting from NE50 ($50) to NE5000 ($5000).
NewAge Community pays out returns in “NE Points,” which can be cashed out internally for tether (1 NE Point = 1 USDT). The platform charges a 10% withdrawal fee. Returns are paid out for 75 weeks or until a 500% return is reached, including MLM commissions.
NewEra Community Affiliate Ranks
There are eight affiliate ranks within NewEra Community’s compensation structure. Each rank has its own set of requirements, starting from ‘Bronze,’ which requires an investment at the NE5000 tier and generating $5000 in investment volume on both sides of your binary team, to ‘Senior Vice President,’ which requires maintaining an NE5000 tier investment and having one Regional Vice President or higher ranked affiliate on both sides of your binary team.
Referral and Residual Commissions
NewEra Community pays a commission on cryptocurrency invested by personally recruited affiliates. The commission rates vary based on the amount invested by the NewEra Community affiliate.
The platform also pays residual commissions through a binary compensation structure, which places an affiliate at the top of a binary team, split into two sides (left and right).
The end of each week sees NewEra Community calculating new investment volume on both sides of the binary team. Affiliates earn between 8% to 10% of new investment volume based on their investment level.
Matching Bonus and Rank Achievement Bonus
NewEra Community offers a Matching Bonus on residual commissions earned by downline affiliates. This bonus is paid out via a unilevel compensation structure.
The platform also rewards affiliates qualifying at Bronze and higher ranks with one-time Rank Achievement Bonuses. For instance, qualifying at Bronze earns you $100, while qualifying at Senior Vice President earns you a Dubai apartment and $50,000.
Fast Track Income
NewEra Community offers a bonus for new affiliates who qualify at Bronze to Gold within set time periods. For example, qualifying at Bronze within 7 days of signing up earns you $100, while qualifying at Gold within 30 days of signing up earns you $1000.
Joining NewEra Community
Joining the NewEra Community as an affiliate is free. However, to fully participate in the income opportunity, an initial investment between $50 to $5000 is required. An additional $10 fee is charged per investment made, and a $5 “KYC fee” is levied before an affiliate can withdraw.
The Final Verdict
The similarities between NextGen Academy and NewEra Community are stark. The investment amounts and the compensation plans are quite alike, with both providing access to similar content.
If the Gohar brothers aren’t running NewEra Community, the similarities are certainly uncanny. This is especially evident considering the ties between Salman Sardar, NewEra Community executives, and Master Distributors to NextGen Academy.
The platform promises returns from forex trading, crypto trading, bot trading, and hedge funds. However, no tangible evidence of NewEra Community using external revenue to pay withdrawals is provided.
When the flow of new investments from affiliates dries up, NewEra Community’s ROI revenue will be squeezed, leading to its collapse. As is the case with all MLM Ponzi schemes, the majority of participants are bound to lose money when the system collapses.
In conclusion, while NewEra Community may seem like an exciting investment opportunity on the surface, a deeper dive reveals it to be another MLM Ponzi scheme. As always, it’s important to do your due diligence before investing.