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Northway Investments Ltd –  An Investment Ponzi Scheme? Here is Everything You Need to Know (2024)

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On its website, Northway Investments Ltd does not list any verified ownership or executive information.

The board of directors for Northway Investments Ltd is listed with what seem to be random names:

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On July 24, 2022, Northway Investments Ltd privately registered the domain name “northwayinvestmentsltd.com” for its website.

The Northway Investments Ltd website became up in or around October 2022, according to the Wayback Machine.

It fraudulently states that it “was founded on December 17, 1992,” even though it has barely existed for a few months at most.

A private Facebook group for them exists, however, it looks to have been taken over or stolen from another group.

The group was established in 2021, although the two fictitious profiles for Northway Investments Ltd were only established in September and October of that same year.

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Group administrators also seem to be hacked Facebook profiles that have been filled with probably stolen content.

Once more, I’m basing this on posts from an erroneously inserted chronology that mention Northway Investments Ltd before it ever existed:

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Source

Four hacked Facebook profiles have undergone extensive tweaking to make them appear real at first glance.

The two marketing videos Northway Investments Ltd released use stock material and a robot narration in keeping with made-up executives and hacked social media profiles.

It lists its Canadian company address on its website in an additional effort to come off as legitimate.

The address is invalid.

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.

Their Products

There are no goods or services offered for retail by this company.

Only the associate membership itself may be promoted by affiliates.

Their Compensation Plan

Affiliates of Northway Investments Ltd invest in tether (USDT). On the promise of a passive return, this is done:

PlanInvestReceiveFor
Quotidian100 to 49,999 USDT1.% a day365 days
Ensign500 to 49,999 USDT8.05% a day60 days
Crypto Punks50,000 to 499,999 USDT10% a day36 days
Sports Tokens100,000 to 499,999,999 USDT15% a day40 days
NFT Mint200,000 to 10,000,000 USDT17% a day26 days

On funds invested, Northway Investments Ltd provides referral commissions down two levels of hiring (unilevel).

The tier at which a Northway Investments Ltd affiliate has invested affects the referral commission rates.

-Earn 12% on level 1 (personally recruited affiliates) and 3% on level 2 when you invest at the Quotidian tier.

-Earn 15% on level 1 and 5% on level 2 of your investment if you invest at the Ensign and CryptoPunks tiers.

-Earn 20% on level 1 and 5% on level 2 of your investments at the Sports Token and NFT Mint tiers, respectively.

“Shares” and “mint rewards” are also mentioned. These seem to be given out in addition to the main passive returns.

No specific information is offered by Northway Investments Ltd.

How to Join

Affiliate membership with Northway Investments Ltd is free.

The connected income opportunity requires a minimum investment of $100 USDT to participate fully.

How to recognize the differences between Ponzi and MLM schemes and protect your finances!

Ponzi schemes are fraud techniques involving a dormant business. However, the payment of prompt returns to beginning investors from the money invested by later investors reassures the faith in the success of this ‘business’.

On the other hand, some direct sales organizations employ multi-level marketing (MLM) as a strategy to entice their current distributors to sign up new distributors. To motivate current distributors, a portion of the sales made by recruits is paid to them.

The following are some significant distinctions between Ponzi and marketing schemes:

1) Ponzi schemes and MLMs have different structures

There is undoubtedly no underlying product being offered in a Ponzi scheme set up. When investors seek their money back, they are compensated with inflowing funds supplied by later investors. Investors contribute their money to the portfolio manager (also known as the fund manager), who guarantees high rates of return (relative to other financial instruments).

However, in MLM, the commission is given to distributors at different levels after they sell a tangible good. In MLM, the initial participant is required to find further investors who will find more investors, who will find even more investors, and so on.

2) The flow of money in MLM versus Ponzi schemes

A Ponzi scheme places complete operational control in the hands of the individual who sets up the fraud. Because money is just transferred from one participant to another in the financial markets, there are no actual investment opportunities.

However, with multi-level marketing, participants are given an incentive. This incentive is framed as a business opportunity, such as the right or chance to sell a particular good. Each investor pays the person who signed them up for this opportunity to sell the advertised goods, and the one who receives the funds is required to split the profits with those higher up the pyramid.

Regarding the dangers involved with each plan, a Ponzi scheme involves the sale of a fictitious investment rather than a physical good. MLM, however, is a conduit for the sale of tangible goods. 

Because there is no underlying product in a Ponzi scheme, the dangers associated with them are greater than those associated with MLM scams.

4) Payment assurance

In a Ponzi scheme, those who want to participate must first pay a fee upfront before they can receive a reward. Instead of selling tangible goods, these participants mostly profit from enrollment fees.

However, to join an MLM business, applicants must also pay a price upfront. The difference is that MLM participants always profit from both the charge for joining the program and the sale of items.

5) Legality

Regarding the legality of each plan, MLM is thought to be only a marketing scheme with valid products to be sold and is thus thought to be lawful. In contrast, Ponzi schemes are thought to be fraudulent investment management services and are thus illegal.

Despite being promised extremely high returns and luxurious lifestyles, many people have lost a significant amount of money to Ponzi schemes AND MLM methods. Some schemes even promise and guarantee returns for participants, even claiming that participants would be able to leave their employment quickly because they anticipate earning a very large return in the future.

Northway Investments Ltd: Conclusion

Northway Investments Ltd has nothing to do with NFT projects other than using the names of their investment strategies to do so.

The typical suspects are listed as non-verifiable sources of outside revenue:

-“CDF Trading” (supposed to be CFD trading)

-Cryptocurrency investment NFTs

-Real estate

-Blockchain technology

-Stock & shares

-Creating NFTs

-Daily live trade

Leaving aside the fact that everything on their website is false, there is no proof of Northway Investments Ltd’s involvement in any of these activities.

There is also the absurd assertion that Northway Investments Ltd has $15 billion on hand:

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Northway Investments Ltd‘s website is full of false claims and representations.

It is equally simple to disprove the accusations regarding the Webby Awards and the EY Entrepreneur of the Year.

Because all Northway Investments Ltd is doing is using freshly invested money to pay off previous investors, this company makes such an effort to wow customers with misleading claims.

It’s a typical MLM cryptocurrency, Ponzi.

As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.

As a result, Northway Investments Ltd would eventually experience a revenue drought and fail.

The mathematics underlying Ponzi schemes ensures that when they fail, the majority of investors lose money.

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