Another Ponzi scam that aims to take advantage of digital currencies enthusiasts is Virtu Global. Read this review to find out if they are reliable or not.
Vitru Global is an MLM company that specializes in cryptocurrencies. On its website, the business doesn’t provide its corporate address.
On March 27, 2023, a private registration was made for the domain name “vitruglobal.com” which now belongs to Vitru Global.
Frank Tornatore, CEO of Vitru Global, and co-founder Ravinder Singh lead the organization.
There is no information given on any executive that can be verified.
Affiliate marketing suggested by Vitru Global Tornatore is a Spaniard, while Singh is from both Germany and India.
This material could not be independently verified, which is a warning sign.
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.
My initial hypothesis was that Singh and Tornatore may be the CEOs of Boris. However, I was able to confirm that they are being portrayed by actual people:
The text above is taken from a Zoom webinar hosted by Vitru in April 2022. The film of the two from Vitru Global that is currently accessible seems to be the sole instance.
Tornatore advertises himself as a “Legal counsel specializing in inheritance Marketing (and) Specialist online and Blockchain” on Facebook.
Tornatore appears to have at least attended a few Blockchain bro gatherings, judging by photos taken over the past few years.
A pinned message endorsing the Solmax Global Ponzi scam is the first thing you see when visiting Ravinder Singh’s Facebook profile.
Pakistan and its neighbors were the main targets of the Ponzi scam Solmax Global.
Oct. 2021 saw the demise of Solmax Global. An announcement of a relaunch was never made, though.
Before Vitru Global’s establishment in late March 2023, Singh was still advocating cryptocurrency Ponzi schemes.
Just before the company began operations, Finex Prime appears to have folded. Let’s move further, for a thorough analysis of the MLM opportunity offered by the company.
Products of Vitru Global
It doesn’t provide any goods or services for sale in stores. Affiliates are only permitted to advertise Vitru Global affiliate membership. Access to “Vitru Academy trading courses” is made possible by associate membership with the company.
Compensation Plan of Vitru
Affiliates of the company purchase cryptocurrencies valued in USD. On the promise of daily weekday returns that are advertised, this is done:
- Beginner: Earn 0.5% to 1% daily with an investment of $50 to $2500, with a maximum return of 400%.
- Advance: Invest between $2501 and $10,000 to get 0.6% to 1.5% daily with a maximum return of 450%.
- Business: Invest between $10,000 and $25,000 to get 0.8% and 1.75% daily with a maximum return of 500%.
- Premium: Invest $25,001 to $50,000 to get 0.9% to 2% daily with a maximum return of 550% on the premium.
Vitru Global’s MLM division provides commissions for bringing in affiliate investors.
Vitru Global Affiliate Ranks
Within Vitru Global’s pay structure, there are eight affiliate ranks. They are as follows, along with the requirements for each qualification:
|Jade||make a downline investment of $1500|
|Sapphire||make a downline investment of $4000|
|Ruby||make a downline investment of $10,000|
|Emerald||make a downline investment of $ 25,000|
|Diamond||make a downline investment of $ 50,000|
|Blue Diamond||make a downline investment of $100,000|
|Black Diamond||make a downline investment of $ 200,000|
|Crown Diamond||make a downline investment of $ 400,000|
A unilevel compensation scheme is used by the company to award referral or affiliate commissions.
A unilevel pay system positions an affiliate at the head of a unilevel team, with each affiliate that was personally recruited right behind them (level 1):
If any level 1 affiliate brings on new affiliates, the new affiliates are assigned to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates bring on fresh affiliates, they are promoted to level 3, and so on and so on down a theoretically unlimited number of levels.
The company sets a ceiling of 10 paying unilevel team levels.
According to the amount an affiliate of Vitru Global has invested in cryptocurrencies, referral commissions are given as a percentage of those investments across these 10 levels:
- Starter: 8% on level 1 (personally recruited affiliates), 5% on level 2, 2% on levels 3 and 4, 1% on levels 5 to 8, and 0.5% on levels 9 and 10.
- Advance: Levels 1 through 8 have an advance rate of 9%, 6%, 2%, 1%, and 0.5%, respectively. Levels 9 and 10 have an advance rate of 0.5%.
- Business: 10% on level 1, 7% on level 2, 2% on levels 3 and 4, 1% on levels 5 to 8, and 0.5% on levels 9 and 10.
- Premium: 12% on level 1, 9% on level 2, 2% on levels 3 and 4, 1% on levels 5 to 8, and 0.5% on levels 9 and 10.
Keep in mind that recruiting seems to be necessary to unlock residual commissions at levels 5 and above. For the unilevel team to reach level 5, for instance, you must acquire five affiliates. For level 6 and above, you must recruit six affiliates.
A Vitru Global affiliate earns a 15% bonus on their investment if they refer five affiliates within five days of joining who each invest at least as much as they did.
A Vitru Global associate receives a 25% bonus on their investment if they bring on ten affiliates within 10 days of joining up who pay the same amount or more than they did.
A 50% bonus on the cash invested is given to a Vitru Global associate who signs up fifteen new affiliates within 15 days of joining and who each invests the same amount or more than they did.
Bonus for Rank Achievement
The following one-time Rank Achievement Bonuses are awarded by Vitru Global to affiliates that meet the requirements at Jade and higher:
|Qualifying Affiliate Ranks||Rank Bonus|
|Jade||$ 350 mobile|
|Sapphire||$ 750 Laptop|
|Ruby||$ 2000 Watch|
|Emerald||$ 7000 Car|
|Diamond||$ 12,000 Car|
|Blue Diamond||$ 20,000 Car|
|Black Diamond||$ 30,000 Car|
|Crown Diamond||$ 75,000 Car|
The first ten investors from each nation who put down $25,000 or more get from Vitru Global a piece of the 2% monthly investment made by the whole firm.
Membership of Vitru Global
There is no cost to join a Vitru Global affiliate. An initial $50–$50,000 investment is needed to fully participate in the associated income possibility. Investments are sought by Vitru Global in many cryptocurrencies.
Well, I’ve covered all the essential information concerning this scam, and it’s clear from what I’ve said that Vitru Global is a Ponzi scam. However, I’m still interested in your opinions.
Vitru Global Summary
According to Vitru Global, it already has sizable assets and makes money by trading with other companies.
Vitru Global claims to be a multinational holding company that owns a variety of companies, particularly in the financial markets, technology, and real estate sectors.
It is the owner of commercial buildings all around the world, particularly in the Middle East.
Vitru Global asserts that they are a group of highly skilled financial analysts, asset managers, stock and cryptocurrency traders, and other professionals who have revived their abilities to design and create successful, cutting-edge trading strategies.
The truth is that Vitru Global is headed by two middle-aged crypto brothers, one of whom has a proven track record of promoting Ponzi schemes repeatedly.
I don’t think Frank Tornatore or Ravinder Singh are the ones that founded Vitru Global, to be honest. I might be incorrect, but I think they’re working with secret partners.
Vitru Global advertises passive returns, which is a security offering from a regulatory perspective.
There is no proof Vitru Global has filed its securities offering with financial regulators, according to the company.
This also applies to South Africa and Nigeria, which seem to be targeted based on Vitru Global’s most recent advertisements:
Securities fraud has occurred as a result of Vitru Global not registering its securities offering. Additionally, it indicates that Vitru Global’s assertions about its foreign revenue cannot be supported, regardless of their validity.
Right now, new investment is the sole source of income entering Vitru Global that can be verified.
Vitru Global is a Ponzi scam since it uses fresh investments to give investors a daily return.
Affiliate recruiting will stop, just like new investments will, as is the case with all MLM Ponzi schemes.
Vitru Global will eventually fail as a result of being deprived of ROI revenue.
Ponzi schemes are mathematically designed to fail with the majority of participants losing money.
Vitru Global: Reviews Exposing Scam
#1. By emphasizing the identity of the scheme’s owner in this statement, the client is attempting to draw attention to the scheme’s false trial.