Originally Syndicated on May 14, 2024 @ 11:55 am
Apex376 Partners Review claims on their website that they omit executive or ownership details.
The website has no information regarding the company’s principal employees or owners. Since reputable companies frequently make information about their workers and leadership available, this lack of transparency could be a red flag.
“apex376partners.com” was registered as a domain name on March 31, 2022. The owner of the listed domain is “Apex Partners,” which is reportedly based in New York.
According to Apex376 Partners Review, the company seems to rely its legitimacy on its claim that it was established in New York. It’s an attempt to appear like a legitimate, registered business.
The statement refers to Apex 376 Partners LLC, a New York shell company that was established in February 2021. It is unclear if this imaginary company is genuinely affiliated with the website “Apex376 Partners.”
The website’s domain name was registered more than a year before Apex 376 Partners LLC’s incorporation. This suggests that there’s a possibility the website has nothing to do with the actual shell company.
The wording suggests that con artists may have tried to legitimize their scams by using the name of a real New York shell company.
Probably to prove Apex376 Partners’ credibility, social media profiles under the name “Aaron Joseph Ellebrecht” were made. This could be a ploy to put up a convincing front.
The section notes that shell incorporation in any jurisdiction can occasionally be pointless for multi-level marketing (MLM) due diligence. Fraudsters may create fictitious companies to give the impression that their schemes are genuine.
There are several repeating trends and red flags in the Apex376 Partners Review. It suggests that the website’s assertions of incorporation in New York and potential appropriation of a real company’s name could be signs of fraud or a probable scam. Lack of transparency, inconsistent schedules, and the use of social media personas to increase credibility are all signs of suspicion. It is a cautionary tale to examine companies carefully and thoroughly, especially if their claims are ambiguous or contradictory.
Review of Apex376 Partners: The profiles look realistic and are backdated with multiple posts and images.
The Apex376 Partners Review indicates that Ellebrecht’s nonexistence is the issue.
Rolf Sorg, the CEO, and creator of PM International, has had his identity hijacked by criminals.
This is perhaps the reason Ellebrecht isn’t included on Apex376 Partners’ website.
There seems to be a restricted Facebook group where Apex376 Partners affiliate coordination is primarily conducted:
The speculative appraisal indicates that intends to launch operations in May 2022 or thereabouts. The market had a significant decline at this time due to the failure of cryptocurrencies like Terra and Luna, which had an impact on the entire crypto ecosystem.
Then, it is said that Apex376 Partners might have decided to delay its launch, possibly because of the unfavorable market conditions that prevailed at the time. The company seems to have recovered and reopened after about a year.
All website traffic directed to Apex376 Partners as of January 2023 is purportedly coming from Malaysia. Given this context and the timing of the relaunch, it is reasonably safe to assume that the individuals or businesses behind Apex376 are most likely based in Malaysia.
Given the circumstances surrounding the relaunch and the geographic distribution of website traffic, a word of caution is emphasized. One major issue that is highlighted is the lack of open transparency surrounding the ownership or administration of the company. When considering doing business with an MLM organization that conceals information about its owners or organizational structure, potential investors or participants are advised to proceed with care.
Review of Apex376 Partners – Partners’ Items @ Apex376
Apex376 Partners does not provide any products or services that can be sold again.
Affiliates are only allowed to promote the Apex376 affiliate membership itself.
Plan of Compensation for Partners in Apex376
The motivation behind Apex376 Partners’ cryptocurrency investments is the potential for advertised profits:
- The Apex Trader
Get 2% every day on investments with a minimum of $500.
- Apex Compensation Scheme
For a maximum of 24 weeks, invest at least $2500 to receive 2.5% daily.
The MLM branch of Apex376 Partners pays for bringing in new affiliate investors.
Apex376 Partners pays referral commissions through a unilevel incentive scheme.
Under a unilevel compensation structure, an affiliate leads a team of affiliates, and each affiliate they recruit is positioned directly behind them (level 1).
New affiliates added by any level 1 affiliate are placed on the level 2 unilevel team of the original affiliate.
Should any level 2 affiliates recruit new affiliates, they will advance to level 3, and so on, down to an indefinite number of levels.
Five payable unilevel team levels are the maximum that Apex376 Partners will allow.
The ones that follow are the Apex376 Partners Review referral commissions paid as a proportion of the money spent over these five levels:
- level 1 (affiliates that you recruited)
- level 2 – 4%
- level 3 – 3%
- level 4 – 2%
- level 5 – 1%
Acquiring Partners Apex376
Potential members do not have to pay any membership fees to join Apex376 Partners to become affiliate members.
Notable is the fact that Apex376 Partners facilitates investment transactions with either Bitcoin (BTC) or tether (USDT). The company suggests using these cryptocurrencies for interested parties to take part in the offer’s investing section.
But to take full advantage of the company’s income-generating opportunity, you must invest at least $500.
Apex376 Partners Review Final Results
According to Apex376 Partners, it uses particular techniques to generate revenue from outside sources. However, the lack of concrete evidence supporting the existence of these revenue-generating routes only serves to heighten skepticism. Businesses are frequently required to submit documentation of these operations to the U.S. Securities and Exchange Commission (SEC), a regulatory body in charge of overseeing such matters. Notably, Apex376 Partners seems to circumvent this requirement.
It is important to keep in mind that the SEC’s registration process is transparent and open and that registered companies can use the agency’s publicly available Edgar database to verify their registration. Interestingly, Apex376 Partners is conspicuously absent from the SEC’s documents, suggesting that the business has deliberately avoided regulatory oversight, maybe for obvious reasons.
Despite what Apex376 Partners Review has stated, the idea that one can “partner” their way to SEC registration is untrue. The registration status of an entity is binary: it can be either registered or unregistered. Because Apex376 Partners is not registered with the SEC, there is a risk that securities fraud may have occurred, and this could reinforce the idea that the company is a Ponzi scheme.
As is common with MLM Ponzi schemes, Apex376 Partners’ viability depends on the ongoing recruitment of affiliates and the resulting influx of investment. Since the corporation will eventually run out of new investments due to the inevitable decline in recruitment efforts, it won’t have the money necessary to continue its promised returns. An MLM Ponzi scheme’s usual outcome is a collapse, which is what happens in every instance.
The inherent mathematical dynamics of such schemes indicate that most participants would lose money when the plan crashes Apex376 Partners Review. While phony finance-related enterprises are not unusual to come out of Malaysia, the effort made by Apex376 Partners Review to pass for a U.S.-based organization is a noteworthy and perhaps concerning development. Whether this pattern continues to be observed will be interesting.
