When a BehindMLM reader reached out requesting a “Solar Cash” replace to our 2016 Solar Cash Community evaluate, I initially thought the corporate had been unrelated.
Solar Cash Community was a Ponzi scheme pitching buyers on month-to-month returns, purportedly generated through photo voltaic electrical energy era.
Someday between our 2016 evaluate and Solar Cash launching, Solar Cash Community collapsed.
Tóth Levente was cited as Solar Cash Community’s Common Supervisor and solely named government.
Right this moment Solar Cash’s web site solely cites Gabor Eisenbart as proprietor and founding father of the corporate.
With a little bit of further digging on our reader’s half although, they had been capable of set up Tóth Levente was tied to Solar Cash as a co-founder.
Ergo Solar Cash is a continuation of the collapsed Solar Cash Community Ponzi scheme. Gabor Eisenbart now fronts the scheme, with Levente evidently hiding within the shadows.
Solar Cash operates from the area (“sunmoney.com”), first registered in 2002. Via the Wayback Machine we are able to see the area was on the market up till at the very least late 2016.
Solar Cash’s present web site went stay on or round Might 2017, marking buy of the area the transition away from Solar Cash Community.
Of be aware is Solar Cash citing three company places on its web site;
- Dubai, connected to the shell firm SunMoney Photo voltaic FZ LLE
- Germany, connected to the shell firm SunMoney Photo voltaic GmbH
- Singapore, connected to the shell firm SunMoney Photo voltaic Pte. Ltd.
Of the three places, Dubai seems to be Solar Cash’s main base of operations.
SUNMONEY Photo voltaic FZ LLE is the monetary heart of SUNMONEY Photo voltaic Group. The entire contracts and funds are issued from right here.
Apparently sufficient Solar Cash’s official FaceBook web page is managed from Hungary.
This implies Solar Cash may not have any precise bodily ties to Dubai.
Nonetheless because of the proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s tips for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm is predicated out of or represents it has ties to Dubai, it’s a rip-off.
If you wish to know particularly how this is applicable to Solar Cash, learn on for a full evaluate.
Solar Cash’s Merchandise
Solar Cash has no retailable services or products.
Associates are solely capable of market Solar Cash affiliate membership itself.
Solar Cash’s Compensation Plan
Solar Cash associates make investments funds on the promise of a month-to-month passive return:
- eSolar Begin- €150 EUR
- eSolar Professional – €500 EUR
- eSolar Enterprise – €2000 EUR
- eSolar 2020 – €10,000 EUR
(photo voltaic bundle advertising)
Particular ROI charges aren’t disclosed however are promised for 25 years. As above although, Solar Cash does state the extra an affiliate invests the upper their ROI charge.
The MLM aspect of Solar Cash pays on recruitment of affiliate buyers.
Referral Commissions
Solar Cash pays a referral fee on euros invested down two ranges of recruitment (unilevel):
- eSolar Begin tier associates earn a 15% referral fee charge on degree 1 (personally recruited associates) and 10% on degree 2
- eSolar Professional tier associates earn a 20% referral fee charge on degree 1 and 10% on degree 2
- eSolar Enterprise and eSolar 2020 tier associates earn a 33% referral fee charge and 10% on degree 2
Group Direct Bonus
Solar Cash’s Group Direct Bonus is pitched as a ten% bonus paid on month-to-month new downline funding quantity.
Sensible Digital Enterprise Community
Solar Cash’s Sensible Digital Enterprise Community scheme sees associates spend money on SDBN tokens.
That is completed on the promise of assured returns, paid out in SDBN tokens.
The SDBN2 token’s computerized worth era mechanism permits holders to earn constant passive earnings, which
represents a financially engaging capital allocation alternative.
Returns are purportedly generated through a solar energy AI grift;
The tangible hedge for SDBN2 comes from solar energy era capability.
SunMoney AI will then use a part of the income to extend the capability of token holders.
Lastly, be aware that when invested in, associates can’t money out their SDBN tokens for 2 years;
After a two-year vesting section, holders will obtain month-to-month passive earnings from their expanded photo voltaic capability.
Becoming a member of Solar Cash
Solar Cash affiliate membership is tied to an preliminary €150 to €10,000 EUR funding.
The extra a Solar Cash affiliate invests the upper their earnings potential.
Solar Cash Conclusion
The names have modified however the underlying securities fraud of Solar Cash stays the identical.
Regardless of claiming to have launched in 2013 and all of the discuss of producing exterior income through photo voltaic panels, over the previous eleven years Solar Cash has didn’t register with any monetary regulators.
This consists of The Central Financial institution of Hungary, from which it seems Solar Cash is working from.
Along with not registering with monetary regulators, Solar Cash has additionally failed to supply shoppers with a single audited monetary report.
Such stories should not solely legally required to be filed with regulators, they’re additionally the solely means shoppers can confirm Solar Cash’s exterior income era claims.
As was the case again in 2016 with Solar Cash Community, the one verifiable income coming into Solar Cash is new funding.
One main evolution of Solar Cash from Solar Cash Community is the transition to cryptocurrency fraud.
Solar Cash runs what is basically a parallel Ponzi scheme via Sensible Digital Enterprise Community and SDBN tokens.
Via this scheme, Solar Cash solicits funding in tether (USDT), which is transformed into SDBN tokens it generates.
The enterprise mannequin of the Sensible Digital Enterprise Community is a mix of a totally automated gross sales system and the SunMoney Group Energy Plant program.
The fund consists of 8,000 Sensible Digital Enterprise Community packages with a face worth of $4,000,000.
This fund was divided into 400,000,000 tokens with a face worth of 1 cent or 0.01USD.
As per the advertising copy above, Solar Cash ensures the worth of SDBN by backing it with its unregistered securities funding packages.
This in fact is unnecessary, because the packages themselves are nugatory except they’re connected to new funding (Solar Cash producing packages out of skinny air to again its tokens doesn’t generate any new funding).
SDBN and its subsequent variants (SDBN2, SDBN3 and so on.), are BSC-20 tokens.
BSC-20 tokens could be created in a couple of minutes at little to no price.
As soon as invested in, SDBN tokens are locked for 2 years – after which month-to-month returns are promised.
And as one SDBN token scheme collapses, Solar Cash simply begins up one other one.
As with its main “eSolar bundle” funding scheme, Solar Cash’s Sensible Digital Enterprise Community funding scheme can also be not registered with monetary regulators.
Because it stands, the one verifiable income coming into Solar Cash is new funding.
Utilizing new funding to pay affiliate withdrawals would make Solar Cash a Ponzi scheme. With nothing marketed or bought to retail prospects, the MLM aspect of Solar Cash moreover operates as a pyramid scheme.
As with all MLM Ponzi schemes, as soon as Solar Cash affiliate recruitment dries up so too will new funding.
This can starve Solar Cash of withdrawal income, finally prompting a collapse.
The excellent news is that this a few years in, curiosity in Solar Cash’s fraudulent funding scheme is virtually non-existent.
For February 2024, SimilarWeb tracked simply ~1800 month-to-month visits to Solar Cash’s web site. Outdoors of Hungary (47%), Ukraine (44%) and Greece (9%), recruitment of recent Solar Cash buyers is useless.
