Today we are reviewing “Vexa Global” at REVIEWFYE, we have genuine interest in the MLM & Work from home industry and a desire to provide the public with relevant and accurate information, news and company reviews.
Vexa Global provides no information on its website about who owns or runs the business.
The company’s website does have an “about us” section, but it appears to be filled with baloney.
On July 16, 2015 – Ernest Bogdanov founded Global Partner LLC. Uses his own experience gained during his professional career.
The company specializes in providing financial analysis and creating analytical tools for the forex market.
In 2016, the company entered to a new blockchain technology sector.
As we all know this was a breakthrough year for all crypto enthusiasts. Ernest and his analytic team exactly know when to enter the market and take big profits of it.
Ernst Bogdanov’s digital footprint consists of a Facebook profile featuring an obvious stock photo.
There is no content published to the account, suggesting it was purchased.
In an attempt to feign legitimacy, Vexa Global provides supposed incorporation documents for “Global Partner LLC”. This is an actual incorporation.
Putting aside there is no verifiable link between Global Partner LLC and Vexa Global, the registered agent for the incorporation is Valis Group Inc.
The supplied address for Valis Group Inc. is a virtual office. Further research reveals Valis Group provides Delaware incorporation services.
In an April 26th news update, Vexa Global wrote;
At the moment, our company is waiting for a license issued by the government in Estonia to manage the cryptocurrency market and the ATM network in the world!
In a post published to the official Vexa Global Facebook profile less than 24 hours ago, the company invited
all interested leaders who want to be with us in Tallinn, please contact our support.
What should be obvious is that Ernest Bogdanov doesn’t exist, and Vexa Global has no operations in the US.
Whoever is running Vexa Global is likely based out of Estonia or a neighboring country.
I did come across a feud that suggested Vexa Global might be a spinoff of the Exp Asset Ponzi scheme.
According to an April 13th official Exp Asset Facebook post, Vexa Global is run by Piotr Badynski.
In the post Exp Asset owner Patryk Krupinski claims Badynski tried to blackmail him.
Krupinski claims he verified this, by cross-referencing the blackmail email address against the Exp Asset affiliate database.
The Exp Asset account with a matching email lists Badynski of Vexa Global as the owner.
Krupinski also credits Badynski as owner of the collapsed CryptoTek Ponzi scheme. According to Exp Asset Badynski is based out Poland and the Ukraine, which fits our estimated admin profile.
Keep in mind this is one Ponzi scheme seemingly calling out a competitor, so make of it what you will.
I personally wasn’t able to verify Badyinski is the owner of Vexa Global. I’ve included the above in the absence of information revealing an alternative Vexa Global owner.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Vexa Global Products
Vexa Global has no retailable products or services, with affiliates only able to market Vexa Global affiliate membership itself.
The Vexa Global Compensation Plan
Vexa Global affiliates invest funds on the promise of an advertised 1% daily ROI:
- Basic – invest $50 to $999 and receive a 130% ROI over 130 days
- Premium – invest $1000 to $9999 and receive a 150% ROI over 150 days
- Exclusive – invest $10,000 to $100,000 and receive a 180% ROI over 180 days
Vexa Global Affiliate Ranks
There are fourteen affiliate ranks within Vexa Global’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Start – sign up as a Vexa Global affiliate
- Beginner – invest at least $100 and generate at least $10,000 in downline investment
- Junior Agent – invest at least $200 and generate at least $30,000 in downline investment
- Agent – invest at least $500 and generate at least $60,000 in downline investment
- Senior Agent – invest at least $1000 and generate at least $120,000 in downline investment
- Junior Manager – invest at least $2500, personally recruit and maintain at least one Senior Agent or two Agents, and generate at least $250,000 in downline investment
- Manager 1 – invest at least $5000, personally recruit and maintain at least one Junior Manager or two Senior Agents, and generate at least $500,000 in downline investment
- Manager 2 – invest at least $7500, personally recruit and maintain at least one Manager 1 or two Junior Managers, and generate at least $1,000,000 in downline investment
- Junior Director – invest at least $12,500, personally recruit and maintain at least one Manager 2 or two Manager 1s, and generate at least $3,000,000 in downline investment
- Director – invest at least $20,000, personally recruit and maintain at least one Junior Director or two Manager 2s, and generate at least $5,000,000 in downline investment
- Senior Director – invest at least $30,000, personally recruit and maintain at least one Director or two Junior Directors, and generate at least $10,000,000 in downline investment
- President – invest at least $50,000, personally recruit and maintain at least one Senior Director or two Directors, and generate at least $20,000,000 in downline investment
- Senior President – maintain at least $50,000 in invested funds, personally recruit and maintain at least one President or two Senior Directors, and generate at least $40,000,000 in downline investment
- General President – maintain at least $50,000 in invested funds, personally recruit and maintain at least one Senior President or two Presidents, and generate at least $100,000,000 in downline investment
Vexa Global track investment volume via a unilevel team (see residual commissions below for more information).
Note that no more than 50% of rank required downline investment can be sourced from any one unilevel team leg.
Vexa Global pays referral commissions on funds invested by personally recruited affiliates.
Referral commission rates are determined by rank:
- Start affiliates earn a 6% referral commission rate
- Beginner affiliates earn an 8% referral commission rate
- Junior Agent affiliates earn an 10% referral commission rate
- Agent affiliates earn a 11% referral commission rate
- Senior Agent affiliates earn a 12% referral commission rate
- Junior Manager affiliates earn a 13% referral commission rate
- Manager 1 affiliates earn a 14% referral commission rate
- Manager 2 affiliates earn a 14.5% referral commission rate
- Junior Director affiliates earn a 15% referral commission rate
- Director affiliates earn a 15.5% referral commission rate
- Senior Director affiliates earn a 16% referral commission rate
- President affiliates earn a 16.5% referral commission rate
- Senior President affiliates earn a 17% referral commission rate
- General President affiliates earn an 18% referral commission rate
Vexa Global pays residual commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Residual commissions are paid out at the same rate as referral commissions, again based on rank.
The difference with residual commissions is that when an investment is made anywhere in the unilevel team, 18% is put aside for commissions.
The referring affiliate receives their referral commission rate (based on rank), with the remaining paid out as a residual commission.
E.g. A Director in your unilevel team recruits someone who invests $1000.
The Director receives their 15.5% referral commission, leaving 2.5% to pay out residually.
The system searches upline for a Senior Director or higher ranked affiliate to pay the 2.5% balance out to.
- if a Senior Director is found first, they are paid 0.5% (16% – 15.5%) and the system continues to search upline for a President or higher ranked affiliate;
- if a President is found first, they are paid 1% (16.5% – 15.5%) and the system continues to search upline for a Senior or General President;
- if a Senior President is found first, they are paid 1.5% (17% – 15.5%) and the system continues to search upline for a General President to pay the remaining 1% out too;
- if a General President is found first, they are paid the entire remaining 2.5% balance.
Note that investment made by affiliates recruited by General Presidents do not generate residual commission volume.
This is because General Presidents receive the maximum available 18% commission rate on investments as a referral commission.
Rank Achievement Bonus
Vexa Global rewards affiliates for qualifying from the Beginner rank with the following one-time Rank Achievement Bonuses:
- qualify at Beginner and receive $200
- qualify at Junior Agent and receive $500
- qualify at Agent and receive $1000 or an iPhone XS Max
- qualify at Senior Agent and receive $1000 or a MacBook Pro
- qualify at Junior Manager and receive $5000
- qualify at Manager 1 and receive a Rolex watch
- qualify at Manager 2 and receive $15,000
- qualify at Junior Director and receive $25,000 plus an Audi A4
- qualify at Director and receive $40,000 plus an Audi A5
- qualify at Senior Director and receive $60,000 plus an Audi A6
- qualify at President and receive $120,000 plus an Audi A7
- qualify at Senior President and receive $180,000 plus an Audi A8
- qualify at General President and receive $400,000 plus a Bentley Continental GT
Joining Vexa Global
Vexa Global affiliate membership is free.
Full participation in the Vexa Global income opportunity however requires maintenance of at least $50,000 in personally invested funds.
Vexa Global claims to generate external ROI revenue from bitcoin ATM fees.
As above, there are also plans to generate external ROI revenue via exchange fees and a trading bot.
Note that there is no evidence of Vexa Global generating external ROI revenue from any source.
With respect to bitcoin ATM licenses in Estonia, first and foremost we have to assume that’s not bullshit to begin with.
A tall order, considering everything else regarding Vexa Global’s corporate structure appears to be made up.
Even if we give the company the benefit of the doubt, in order to verify external ROI revenue generation, the company would still need to submit audited accounting reports to financial regulators.
In what appears to be Vexa Global’s top investor market at the moment, Belgium, for example, the company would need to register itself with the Financial Services and Markets Authority.
As I write this, Vexa Global provides no indication on its website that it has registered with the FSMA or any other financial regulator.
Instead of operating legally, Vexa Global claims it doesn’t need to register.
VEXA GLOBAL HAVE LICENSES?
Since Vexa Global platform is not an investment fund or a broker, and does not manage funds of third parties we do not need to obtain a license of any kind.
With three passive investment tiers on offer, quite obviously that claim is baloney.
Somewhat ironically, Vexa Global also claims it does
not want to be another company that are many in the industry, which without license pretend to trading cryptocurrencies. Firmly beware of this type of fraud.
Yet here we are.
It should be pretty obvious by now that Vexa Global is yet another MLM crypto Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dies down so too will invested funds.
This will starve Vexa Global of ROI revenue, eventually prompting a collapse.
Assuming it doesn’t collapse prior to December 2019, Vexa Global have laid out their eventual exit-scam strategy.
As per the roadmap above, Vexa Global plans to launch an ICO token on or around December 2019.
The token is currently penciled in as “Vexa Coin”.
You should all be familiar with the MLM ICO exit-scam model by now, but for those of you who aren’t;
When investment runs dry Vexa Coin will stop paying people with real money and switch to Vexa Coin tokens.
They’ll then work towards getting Vexa Coin listed on an exchange, typically some dodgy exchange nobody has ever heard of, or one that’s scam friendly (pay to list).
Vexa Global’s admins then announce the listing, which creates pump hype.
When Vexa Coin lists affiliates are encouraged to sit on their tokens, because the price will continue to go up.
On the backend Vexa Global’s admins will be selling off as much as they can.
After the initial pump comes the dump, and Vexa Coin will bottom out towards zero.
While this is happening the admins do a runner, leaving Vexa Global bagholder affiliates with another ‘sorry for your loss’.