Originally Syndicated on May 24, 2024 @ 7:00 am
Skainet Systems does not disclose any ownership details or executive information on its website.
The domain name for Skainet Systems (“skainetsystems.com”) was registered privately on April 9, 2024.
Through internal marketing efforts, one individual associated with Skainet Systems is Michael Baur.
As mentioned earlier, Baur serves as the Chief Marketing Officer at Skainet Systems. Additionally, he has been referred to as the “CEO of South America” for Skainet Systems.
Baur is also connected to the CMMT Revolution Ponzi scheme and to the downfall of the PLC Ultima series of Ponzi schemes.
Furthermore, there is a Facebook post by Christof Torck, a known promoter of multiple MLM Ponzi schemes, that also referenced Baur.
According to Torck, his “partner in crime,” Lee Oshea, recently met with Baur in Dubai for a Skainet Systems meeting. The city has been identified as the MLM crime capital of the world, largely due to the rise of scams and the lack of enforcement regarding securities fraud regulations. Some guidelines for dealing with MLM opportunities in Dubai include:
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”1″>If someone residing in Dubai reaches out to you about an MLM opportunity, they are likely attempting to scam you.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”2″>If an MLM company is based in or claims to have connections to Dubai, it is probably a scam.
For specific insights into how these points relate to Skainet Systems, continue reading for a thorough review.
Products Offered by Skainet Systems
Skainet Systems does not offer any retailable products or services. Affiliates can only promote the Skainet Systems affiliate membership itself.
Compensation Plan for Skainet Systems
Affiliates of Skainet Systems pay a fee, which influences how much they can invest via the company’s alleged AI trading bot.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”1″>T-800 – $29.99 annually, allowing investments of $100 or more with a promise of 20% monthly returns.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”2″>T-1000 – $49.99 annually, permitting investments of $100 or more with an expectation of 30% monthly returns.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”3″>T-X – $99.99 annually, enabling investments of $100 or more with a promise of 40% monthly returns.
It is important to note that any funds invested with Skainet Systems’ trading bot are “locked” for a duration of six months. The MLM aspect of Skainet Systems compensates affiliates based on the recruitment of investors.
Affiliate Ranks in Skainet Systems
Skainet Systems features a total of ten affiliate ranks within its compensation structure. The ranks, along with their qualification requirements, include the following:
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”1″>Rank 1 – Register as a Skainet Systems affiliate and invest at least $100.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”2″>Rank 2 – Invest $300 and generate $5,000 in downline investment volume.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”3″>Rank 3 – Invest $500 and produce $25,000 in downline investment volume.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”4″>Rank 4 – Invest $1,000 and generate $50,000 in downline investment volume.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”5″>Rank 5 – Invest $3,000 and create $100,000 in downline investment volume.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”6″>Rank 6 – Invest $5,000 and accumulate $250,000 in downline investment volume.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”7″>Rank 7 – Invest $10,000 and generate $500,000 in downline investment volume.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”8″>Rank 8 – Invest $25,000 and create $1,000,000 in downline investment volume.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”9″>Rank 9 – Invest $35,000 and generate $5,000,000 in downline investment volume.
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”10″>Rank 10 – Invest $50,000 and achieve $10,000,000 in downline investment volume.
Referral Commissions
Affiliates of Skainet Systems earn a 15% referral fee on the access fees paid by affiliates they personally recruit.
Residual Commissions
Skainet Systems offers residual commissions through a unilevel compensation structure, placing an affiliate at the top of their unilevel team, with all personally recruited affiliates directly beneath them (level 1):
If any level 1 affiliates bring in new affiliates, those new recruits are assigned to level 2 of the original affiliate’s unilevel team structure. Similarly, if level 2 affiliates recruit new affiliates, they are placed on level 3, and this pattern continues down a theoretically limitless number of levels. Skainet Systems limits the payable unilevel team levels to ten. Referral commissions are distributed as a percentage of passive returns across these ten levels, specified as follows:
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”1″>Rank 1 earns a 10% match on level 1 (affiliates they personally recruited)
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”2″>Rank 2 earns a 10% match on level 1 and 15% on level 2
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”3″>Rank 3 earns a 10% match on level 1, 15% on level 2, and 20% on level 3
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”4″>Rank 4 earns a 10% match on level 1, 15% on level 2, 20% on level 3, and 25% on level 4
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”5″>Rank 5 earns a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, and 30% on level 5
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”6″>Rank 6 earns a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, 30% on level 5, and 35% on level 6
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”7″>Rank 7 earns a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, 30% on level 5, 35% on level 6, and 40% on level 7
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”8″>Rank 8 earns a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, 30% on level 5, 35% on level 6, 40% on level 7, and 45% on level 8
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”9″>Rank 9 earns a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, 30% on level 5, 35% on level 6, 40% on level 7, 45% on level 8, and 48% on level 9
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”10″>Rank 10 earns a 10% match on level 1, 15% on level 2, 20% on level 3, 25% on level 4, 30% on level 5, 35% on level 6, 40% on level 7, 45% on level 8, 48% on level 9, and 50% on level 10.
Rank 10 Pool
Skainet Systems allocates 5% of the total investment to a Rank 10 Pool. Daily, affiliates ranked at Rank 10 receive a share from this pool.
Rank Achievement Bonuses
Skainet Systems awards affiliates who qualify for Rank 2 and above with one-time Rank Achievement Bonuses as follows:
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”1″>Achieve Rank 2 and earn $50
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”2″>Achieve Rank 3 and choose between Apple AirPods or $100
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”3″>Achieve Rank 4 and choose between an Apple Watch or $300
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”4″>Achieve Rank 5 and receive an Apple iPhone
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”5″>Achieve Rank 6 and receive a MacBook
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”6″>Achieve Rank 7 and enjoy “VIP travel”
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”7″>Achieve Rank 8 and receive a Rolex watch
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”8″>Achieve Rank 9 and receive a BMW
- ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0″ value=”9″>Achieve Rank 10 and win a Ferrari
Joining Skainet Systems
Affiliate membership for Skainet Systems is available for $29.99, $49.99, or $99.99 on an annual basis. The higher the amount spent on membership, the greater the passive ROI rate for the affiliate.
Skainet Systems Conclusion
Skainet Systems cleverly incorporates terminology from the Terminator film franchise, although it appears to do so without proper authorization. This system effectively generates external revenue through an AI trading bot.
SkAInet Systems is your trusted partner in the fast-paced world of Forex trading.
As a cutting-edge platform powered by advanced technology, we specialize in providing high-frequency trading bots specifically designed for the Forex market.
No verifiable evidence of Skainet Systems generating any revenue via trading is provided. Instead, Skainet Systems trots out MyFXBook and a Mwali “international brokerage certificate”
MyFXBook should not be considered a replacement for legally mandated audited financial statements submitted to regulatory authorities. Additionally, the statistics on MyFXBook can be easily manipulated.
The Mwali certificate is associated with Cermak LLC, a claimed brokerage operating under the website “cermakfx.com.” It is crucial to recognize that Cermak LLC is merely a shell entity managed by unidentified individuals. In the context of MLM due diligence, the Mwali certificate holds no real value.
Moreover, Cermak LLC’s website domain was only registered on January 16th of this year, indicating a significant likelihood of shared ownership with the anonymous individuals behind Skainet Systems.
From an actual regulatory view, Skainet Systems’ advertised passive returns includes a securities offering.
As of June 2024, SimilarWeb reported that the primary sources of traffic to Skainet Systems’ website were from France (98.5%), followed by Germany (1%) and Brazil (0.4%). 
Skainet Systems has not provided any proof of registration with financial regulators in any jurisdiction.
Therefore, it can be inferred that Skainet Systems is, at the very least, engaging in securities fraud in the regions where it solicits investments. Currently, the only identifiable source of revenue for Skainet Systems appears to be new investments.
If it uses these investments to fulfill ROI withdrawals, it would classify Skainet Systems as a Ponzi scheme. Moreover, as there are no products marketed or sold to retail customers, the MLM aspect of Skainet Systems resembles a pyramid scheme.
Like all MLM Ponzi schemes, a decline in affiliate recruitment will lead to a reduction in new investments, ultimately depriving Skainet Systems of revenue for ROI withdrawals and likely resulting in its collapse. This information is derived from the Terms and Conditions available on Skainet Systems’ website.
SKAINET SYSTEMS can justify any service-related decision and terminate client relations without obligation to explain.
Clients must refrain from negative comments about SKAINET SYSTEMS. Breaching this clause results in a fine.
The math underlying Ponzi schemes ensures that when they eventually fail, most participants end up losing their investments.
