Verse Network- Another Ponzi Scam? Let’s Exposed the Truth (Latest Update 2023)

Verse Network
This is a user-generated post. Gripeo does not take responsibility for the accuracy of any statements made in this post.
Is Verse Network a dangerous Ponzi scheme? What is the history of its founders and promoters? Find the answer in this detailed review.

Verses network’s official website, app.verse-corp.com/signin, frequently fails to offer ownership or executive data.  As a result, you can say that Verse Network’s domain address is disabled. Accessibility to MLM possibilities is accomplished through the use of an “app” subdomain number, that mostly represents an associate enrollment process. 

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 Verse Network 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.
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The Verse Network’s website domain, verse-corp.com, had been registered privately on April 18th, 2023. 

4/12/2023 Update
As of now, Verse Network 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.

According to additional investigation, Verse Network advertising cites Brice van den Bussche as a founding partner of Verse Network.

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According to the sources, Bussche is the CEO of Verse Network. Co-founder Joseph Paillant was cut out of Verse Network’s marketing.

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Source

Brice van den Bussche & Joseph Paillant have been identified by various BehindMLM users as the true owners of the defunct Mainet Ponzi scheme.

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.

It is suspected that Paillant was purposefully excluded from Verse Network’s promotion because, maybe technically, he was Mainet’s vice president of Sales.

Based on the reports, it was not possible to firmly link Brice Van Den Bussche, but it is said that ‘wherever there’s smoke, there’s fire.’ Only this proof will establish Bussche’s lengthy record of MLM Ponzi fraud.

Bussche promoted BeOnPush in early 2016 by posting it on the website.

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Bussche was additionally a supporter of the Ponzi scam Fort Ad Pays Scheme.

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In 2017, the SEC filed a thirty-eight million-dollar lawsuit against Fort Ad Pays & the company’s owner, Pedro Fort.

Thus, what Bussche was doing at that point in 2018, however, she reverted to Ponzi defrauding through Magnus Capital Center in 2019.

Bussche was identified as the actual administrator inside Magnus Capital Center” by a BehindMLM user in the year 2019.

The firm, Magnus Capital Center went bankrupt in June 2019. BeTrader, the predecessor to Mainet, first appeared in Dubai in July 2019.

BeTrader went bankrupt on or about October 2019. It was relaunched as BeTrader Academy, which is another dormant Ponzi scheme.

That leads toward Mainet, which will be available in the middle of 2022 to late 2022. Ciprian Ciceu, a Romanian native, was the face of many firms like BeTrader, BeTrader Academies, & Mainet.

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Verse Network appears to have replaced Ciceu. Mainet was put on France’s securities scam radar by the Autorite des Marches Investors just recently. Mainet had disabled transfers & had collapsed previously in May.

Brice van den Bussche escaped Europe towards Dubai on May 6th, in the weeks leading to Mainet’s demise.

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As a consequence of his role in Mainet, Joseph Paillant seems to have previously resided in Dubai. Verse Network was revealed a few months before Mainet went bankrupt.

Verse Network is registered as an unincorporated business in Cyprus, however, operates from Dubai.

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Behind MLM Dubai’s guidelines are

  • If you live in Dubai and are approached regarding MLM possibilities, it’s because they’re attempting to defraud you.
  • It is a scam when an MLM business operates in or claims to have ties to Dubai.

Products of Verse Network 

  • Verse Network does not have any retailable items or solutions.
  • Associates may only advertise Verse Network affiliate registration.

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.

The Shady Compensation plan of Verse Network 

The members of Verse Network have deposit tethering (USDT) in anticipation of several comes back:

Invest Receive 
50 or 125 USTD150%
250 or 500 USTD200%
1000 or 2500 USTD250%
5000 or 10,000 USTD300%

Verse Network pays out rewards every week. The greater an affiliate’s investment, the greater its weekly ROI.

Renewal is essential for maintaining gaining once the purchase program ceiling of up to 150% to 300% is achieved.

If a Verse Network associate to achieves 350 percent of the money they invested via profits & MLM earnings plus incentives, the money invested ends, no matter how much is still to be handed out. To continue making, reinvention is essential.

Associates that spend ten thousand dollars USDT in Verse Network become connected to an AI trade bot. This bot is said to be able to connect to a personal trading account with a collaborating brokerage of Verse Network firm.

Verse Network’s MLM side makes money by recruiting associate partners.

If you have sensitive information or have had a personal experience with Verse Network 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.

Commission Caps of Verse Network

Verse Network limits the amount of MLM bonuses and commissions that a partner can receive per day depending on the amount they’ve spent.

Invest Maximum Commission 
50 USDT25 USDT a day 
100 USDT 50 USDT a day
250 USDT125 USDT a day
500 USDT250 USDT a day
1000 USDT500 USDT a day
2500 USDT1250 USDT a day
5000 USDT2500 USDT a day
10,000 USDT5000 USDT a day

Affiliate Ranks on the Verse Network

Verse Network’s payment model includes 20 partner levels. They are listed below, together with their qualifying standards:

  1. Starter – sign up as a Verse Network affiliate and invest
  2. Beginner – generate 20 USDT in weaker unilevel team volume
  3. Distributor – generate 50 USDT in weaker unilevel team volume
  4. Consultant – generate 100 USDT in weaker unilevel team volume
  5. Trainer – generate 200 USDT in weaker unilevel team volume
  6. Pro – generate 400 USDT in weaker unilevel team volume
  7. Leader – generate 850 USDT in weaker unilevel team volume
  8. Team Leader – generate 1700 USDT in weaker unilevel team volume
  9. Manager – generate 3500 USDT in weaker unilevel team volume
  10. Team Manager – generate 8000 USDT in weaker unilevel team volume
  11. Regional Manager – generate 17,000 USDT in weaker unilevel team volume
  12. National Manager – generate 35,000 USDT in weaker unilevel team volume
  13. Vice Director – generate 80,000 USDT in weaker unilevel team volume
  14. Director – generate 170,000 USDT in weaker unilevel team volume
  15. Regional Director – generate 350,000 USDT in weaker unilevel team volume
  16. National Director – generate 850,000 USDT in weaker unilevel team volume
  17. Executive Director – generate 2,500,000 USDT in weaker unilevel team volume
  18. Vice President – generate 8,500,000 USDT in weaker unilevel team volume
  19. President – generate 30,000,000 USDT in weaker unilevel team volume
  20. President Director – generate 70,000,000 USDT in weaker unilevel team volume

Referral Commission of Verse Network

Verse Network partners earn an advertising fee on tethering spent by downline partners. The highest possible payout to President-ranked associates is 23 percent. Verse Network associates with lower rankings get a proportional recommendation income percentage:

Receiver Referral Commission Rate 
Distributor 4%
Consultants 5%
Trainers 6%
Pros 7%
Leaders 8%
Team Leaders 9%
Managers 10%
Team Managers 11%
Regional Managers 12%
National Managers 13%
Vice Directors14%
Directors 15%
Regional Directors 16%
National Directors 17%
Executive Directors 18%
Vice Presidents 19%
Presidents 21%
President Director 23%

Rates for referral commissions are coded, which implies that unpaid rates are passed on to more highly Verse Network. 

For instance, If someone is a Vice Director looking for an additional partner. Then get the fourteen percent referral income percentage, the remaining nine percent unpaid twenty-three percent less fourteen percent).

Residual Commissions of Verse Network

Verse Network employs a unilevel salary system to pay leftover royalties. In a unilevel compensation structure, a partner is put at the very top of the unilevel group, having each newly hired associate put right beneath that (level 1):

mlm

If any of the level 1 associate acquire additional affiliates, they are assigned to the originating affiliate’s unilevel team at level 2. 

If any of the level 2 associates engage fresh affiliates, they are promoted to level 3, and so on for a limitless amount of stages. 

Outside of an affiliate’s greatest unilevel team foot, Verse Network offers a ten percent leftover fee based on investment quantity. 

That is, the segment having the greatest transaction quantity gets left out. The ten percent commission gets paid on any additional volumes generated by the inferior unilevel club legs.

Matching Bonuses of Verse Network

Investment Receive 
$505% match on level 1
$1255% match on level 1 and 4% on level 2
$2505% match on level 1, 4% on level 2, and 3% on level 3
$5005% match on level 1, 4% on level 2, and 3% on levels 3 and 4
$10005% match on level 1, 4% on level 2, and 3% on levels 3 to 5
$25005% match on level 1, 4% on level 2, 3% on levels 3 to 5, and 2% level 6
$50005% match on level 1, 4% on level 2, 3% on levels 3 to 5, 2% on levels 6 and 7, and 1% on level 8
$10,0005% match on level 1, 4% on level 2, 3% on levels 3 to 5, 2% on levels 6 and 7, and 1% on levels 8 to 10

Rank Achievement Bonus of Verse Network

Verse Network offers several single Rank Achievement Bonuses to Regional Directors:

Qualify Receive 
Regional Director iPhone/iPad
National Director MacBook 
Executive Director Luxury Trip
Vice President Rolex Luxury Watch
President Luxury Car
Presidential Director 350,000 USDT

Participating in the Verse Network

Membership in the Verse Network is free. To fully participate in the associated income potential, you must first deposit twenty-five dollars to ten thousand dollars in tethering (USDT).

About Verse Network

Verse Network is a firm that focuses on financial literacy and mechanization. It offers its members training and good performance in their work. It is highly helpful in optimizing and maximizing returns in the financial market. 

2.5
verse network

Get Your Money Back Suspicious

If you have been scammed by Verse Network, 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.

The Verse Network team is well-rounded, with professionals in financing, trading purposes machine learning, IT computer programming, development of software, & online advertising. 

The company is registered in Cyprus, namely Verse Capital Ltd which has a registered number i.e. 443536, incorporated under the illegal authority of the Republic of Cyprus. 

Conclusion 

After executing Ponzi scams, the idea claims Brice van den Bussche & Joseph Paillant operated an AI trading bot is absurd. Mainet’s Ponzi scam was hidden behind an automatic profits-selling bot. Verse Network is an extension of that although with an AI twist.

Verse Network is at least committed fraud in securities by neglecting to properly file its passive ROI possibility with regulatory agencies.

As a result of additional MLM scams, once associate recruiting is exhausted, fresh capital will dry up. It will deprive Verse Network of ROI money, ultimately contributing to its demise.

Verse Network- Another Ponzi Scam? Let’s Exposed the Truth (Latest Update 2023)
Verse Network- Another Ponzi Scam? Let’s Exposed the Truth (Latest Update 2023)

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