BartMax fails to supply possession or government data on its web site.
BartMax’s web site area (“bartmax.vip”), was privately registered on August 1st, 2024.
In researching BartMax I got here throughout MetaMax promoters who had transitioned over:
Coupled with the identify similarities, it’s extremely possible the identical scammers behind MetaMax have launched BartMax.
MetaMax was a task-based Ponzi scheme run by means of a cell app. The rip-off collapsed in July 2024, prompting two speedy reboot Ponzis; Meta Quest-Plus and one other reboot going by MetaMax.
After the preliminary reboots flopped, it seems BartMax was arrange a couple of weeks later.
MetaMax’s July 2024 collapse was preceded by a securities fraud warning from the Philippine SEC on June twenty fifth.
BartMax has already attracted the eye of economic regulators. The Central Financial institution of Russia issued a BartMax pyramid fraud warning on September ninth, 2024.
In an try to seem professional, BartMax gives up a Hong Kong shell firm certificates for “BartMax Streaming Leisure Promoting PTE LTD”.
BartMax Streaming Leisure Promoting PTE LTD is a renaming of “Unfortunate Firm PTE LTD” on August third.
As a result of ease with which scammers are capable of incorporate shell firms with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
As at all times, if an MLM firm is just not brazenly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
BartMax’s Merchandise
BartMax has no retailable services or products.
Associates are solely capable of market BartMax affiliate membership itself.
BartMax’s Compensation Plan
BartMax associates make investments tether (USDT). That is accomplished on the promise of marketed passive returns:
- VIP1 – make investments 30 USDT and obtain 3 USDT a day
- VIP2 – make investments 90 USDT and obtain 9 USDT a day
- VIP3 – make investments 300 USDT and obtain 30 USDT a day
- VIP4 – make investments 600 USDT and obtain 60 USDT a day
- VIP5 – make investments 1200 USDT and obtain 120 USDT a day
- VIP6 – make investments 3000 USDT and obtain 300 USDT a day
- VIP7 – make investments 6000 USDT and obtain 600 USDT a day
- VIP8 – make investments 12,000 USDT and obtain 1200 USDT a day
BartMax associates may also make investments 100 USDT or extra for as much as 120 days:
- make investments 100 USDT or extra for 3 days and obtain 0.5% a day
- make investments 100 USDT or extra for 3 days and obtain 1% a day
- make investments 100 USDT or extra for 3 days and obtain 1.3% a day
- make investments 100 USDT or extra for 3 days and obtain 2% a day
- make investments 100 USDT or extra for 3 days and obtain 4% a day
- make investments 100 USDT or extra for 3 days and obtain 5% a day
BartMax pays referral commissions on invested USDT down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 10%
- stage 2 – 3%
- stage 3 – 2%
Becoming a member of BartMax
BartMax affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal 30 USDT funding.
BartMax Conclusion
MetaMax’s activity Ponzi ruse was getting traders to look at YouTube movies and score them:
Beneath the guise of “business promoting” BartMax is extra of the identical:
Once more as with MetaMax, that is busy-body work, as evidenced by MetaMax’s collapse.
Because it stands, the one verifiable income coming into BartMax is new funding.
Utilizing new funding to pay affiliate withdrawals would make BartMax a Ponzi scheme. With nothing marketed or offered to retail clients, the MLM aspect of BartMax capabilities as a pyramid scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve BartMax of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.
