Gold Unicorn’s Fraud Exposed (2024)

Olena Ivanova By Olena Ivanova
9 Min Read

Originally Syndicated on May 15, 2024 @ 7:28 am

Find out about Gold Unicorn!

Among the several cryptocurrency ventures that fall under the umbrella of multilevel marketing, Gold Unicorn has seen considerable attention. Someone named “Denis Milanovkiy” is said to be the Chief Executive Officer of the company they work for.

There is a website called Solarion that is found when Milanovkiy is investigated in great detail. This website is surprisingly similar to the platform that the organization uses. There may be dishonesty and fraud involved as a result of this.  

Milanovkiy Nexus Analysis: Equine Morphology of Solarion and Aurum

Private registration took place in April 2022 for the domain name “gold-unicorn.com,” which is now being used by Gold Unicorn. February 8th, 2023 was the date of the most current modification that was made.

Solarion, on the other hand, makes use of the domain name “solarion.biz,” which was registered in a private capacity on January 28, 2023. It is noteworthy to notice that the marketing videos from the firm that are uploaded to its official YouTube channel date back to November of the previous year, which indicates that the company was created before Solarion.

It is interesting to note that Denis Milanovkiy’s accent is a reflection of his Eastern European heritage, and the advertising materials feature subtitles in Russian. However, Milanovkiy’s identity is only revealed in the legends of Solarion and Gold Unicorn, which raises the issue of whether or not his identity and function are based in reality.

An image that was uploaded to VKontakte by the actor who portrayed Milanovkiy’s ex-partner at some point in 2017 gave the impression that the pair had some kind of connection to Dnipro, which is located in Ukraine. Taking this into consideration, Milanovkiy’s player may be also a local player from Ukraine.

Gold Unicorn and Solarion have provided random addresses, one of which is located in the state of Washington and the other in the United Kingdom, to create the appearance that their claims are genuine. Even a certificate for GoldUnicorn LLC, which is ostensibly registered in the state of Washington, is presented and provided by Gold Unicorn. As a result of the simplicity with which these particulars might be distorted, due diligence is made useless. 

Products and Compensation: 

Gold Unicorn does not provide any tangible products or services either for sale or for compensation. Affiliates of Gold Unicorn are only permitted to promote the membership of the affiliate program itself.

Profits are guaranteed at various degrees of engagement in Gold Unicorn’s compensation program, which centers on investment in cryptocurrencies as the primary means of earning money. These strategies are said to have the ability to boost daily ROI rates for a certain period.

Returns are guaranteed under the following: 

Minimum InvestmentMaximum InvestmentDaily Interest RateDuration (Days)
$50$5001%25
$500$3,0001.3%45
$5,000$30,0001.5%65
$10,000$10,000,0001.8%85

Gold Unicorn also offers investing solutions for “renewable energy,” which is of particular interest. 

For $50,000 a month:

Investment AmountReceive Percentage
$100,00010%
$200,00020%
$300,00030%
$400,00040%
$500,00050%
$600,00060%
$700,00070%
$800,00080%
$900,00090%
$1,000,000100%

For $75,000 a month:

Investment AmountReceive Percentage
$150,00010%
$300,00020%
$450,00030%
$600,00040%
$750,00050%
$900,00060%
$1,050,00070%
$1,200,00080%
$1,350,00090%
$1,500,000100%

For $100,000 a month:

Investment AmountReceive Percentage
$200,00010%
$400,00020%
$600,00030%
$800,00040%
$1,000,00050%
$1,200,00060%
$1,400,00070%
$1,600,00080%
$1,800,00090%
$2,000,000100%

In the tables, the investment amounts and the accompanying receive percentages are very clearly shown for each of the monthly income options.

The table describes the many investment options available for individuals with monthly salaries of $50,000, $75,000, and $100,000. All of the different income levels have their unique investment amounts and receive percentages. Offering earning percentages ranging from 10% to 100%, investments ranging from $100,000 to $1,000,000 are available for a monthly income of $50,000.

Investors can better understand the link between investment amounts and potential returns depending on their desired monthly income by seeing the same pattern for investment possibilities and getting percentages for monthly incomes of $75,000 and $100,000. Using this chart, you can easily identify investments that are suitable for your financial objectives and income requirements.

The Affiliate Program and Its Structure:

Within the framework of Gold Unicorn’s business plan, multi-level marketing (MLM) serves as the cornerstone, with the primary objective being the recruitment of new investor affiliates. It is composed of the following four levels:

  1. Affiliate: Become an affiliate by investing.
  1. Rank 1: Identify 20 affiliates who are also investors.
  1. Rank 2: Invest $20,000, build a $500,000 downline, and ensure that each affiliate you recruit brings in fifty more recruits.
  1. Rank 3: Invest $50,000 and raise $1,000,000 from secondary investors. There is just one level of referral compensation; affiliates get a percentage based on their rank and the number of recruits they bring in below them. Solar panels and cryptocurrency are among the many investments made by Gold Unicorn and its affiliates.

Legal and Fraud Issues: Similar to conventional Ponzi schemes, Gold Unicorn’s business model centers on cryptocurrency and solar panels, which brings up concerns about its legitimacy. But there isn’t much evidence to support their claims. In addition, the passive investment option offered by Gold Unicorn may be governed by securities legislation, necessitating the need for SEC registration for its legitimacy. Suspicion of potential securities fraud arises due to the absence of this kind of registration.

Conclusion 

Gold Unicorn seems to be in the multilevel marketing (MLM) space, specializing in renewable energy and cryptocurrency investments. But a deeper look reveals many warning signs and worrisome elements.

  1. Absence of actual Goods or Services: Apart from its affiliate membership program, Gold Unicorn does not provide any actual goods or services, which begs the issue of the viability and authenticity of its business plan.
  1. Investment Programs with Guaranteed Profits: One of the most well-known characteristics of Ponzi schemes is the assurance of guaranteed returns at different investment levels, particularly in the context of cryptocurrencies. Furthermore, doubts about the veracity of these assertions are raised by the lack of openness around the investing tactics used.
  1. MLM Organization and Recruitment Focus: Recruiting new investor affiliates is given far more weight in the MLM organization than selling real goods or services. This pyramid scheme-specific, recruitment-centric paradigm might result in unsustainable growth that depends on ongoing hiring.

In conclusion, there seem to be a lot of warning signs of possible fraud in Gold Unicorn’s business strategy. Before participating in such businesses, investors should proceed with the utmost care and do extensive due research. Because of its dubious business practices and lack of transparency, Gold Unicorn may not be a reliable option for investors.

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