Carnelian12 Review: Is Collapse Inevitable?

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Carnelian12 Review: Is Collapse Inevitable?

Carnelian12 is a misleading Crypto MLM product offered by the C12 Trading and Services Limited Company. Find out more in our detailed review.

What most investors fail to understand with this platform is the risks involved. And as the time of publishing this post, Carnelian12 was already out of business. Those who had some vested funds on the platform are on their way to losing it all.

C12 Trading seems to have its license from Hong Kong, with the regulator having no such entity registered. With scammers creating license documents from scratch, we have seen Carnelian12 do the same.

Why Carnelian12 went under within a short time

It all starts with having Shell Company that holds all funds belonging to the product or service on offer. That mitigates any risks that would come from using the product or service or even demanding funds from it.

Clearly, those behind Carnelian12 have done this before, the rapidness and swiftness it took to drop all members was a first. The platform started handing out staking services in March 2023 and by September, the website was down.

Claims by Carnelian12 that the platform is also owned by Andreas Garcia and Partners are false. There’s no such entity existing outside the realm of the website. Most of the members who signed up were from Africa, Asia, Europe, and North America.

Let’s take a closer look at Carnelian12 Review and what it offers;

About Carnelian12

It comes as no surprise that the Central Bank of Russia has already issued a warning. When such a regulator warns of a scam, believe you me that the platform has so far deceived hundreds of investors.

Without any names pointed out, it comes off that the owners behind Carnelian12 are of Russian Nationality. Lack of accountability and transparency on the platform has left investors losing more than they bargained.

There’s no way we would recommend investing in an anonymous platform. Doing due diligence should be the first step before depositing funds to a platform. Sadly, this was not taken into account by members of Carnelian 12.

Please note that Carnelian 12 didn’t offer any tangible crypto product. All they did was promise huge ROI margins for anyone who purchased their plans. A huge red flag comes from a website claiming to offer ‘daily guaranteed profit’ within a specified time.

There are a few naïve investors who still fall for it. This is so as staking has offered investors a new approach to earning passive income. However, there are some facts that investors need to learn when it comes to Masternoding and Staking.

For any successful staking product, the minimum vesting period should be four to five months minimum with the ROI not above 15 percent. Market volatility does affect the performance of staked pools.

With more than one staking opportunity, the platform managed to deceive different classes of investors. This coupled with a strong branding and marketing campaign, Carnelian12 was the absolute trading platform to go for in the eyes of these investors.

Here’s how the Carnelian12 Platform Worked

The platform targeted investors keen on making high ROI within a short time. That’s when they came with several plans offering staking opportunities for a chance to earn daily profit margins. The platform offered between 10 to 30 percent daily ROI.

With a catch, the more you deposit, the higher your chances of winning, Carnelian12 was offering an insane claim. The vesting period was a minimum of 10 days for the basic plan and a maximum of 30 days for the premier account.

Whether the culprits of Carnelian12 will face the law depends on the warrants of arrest issued against a one Mary Baba Audi. Recent evidence suggests she has been behind this and other IPO hacks and phishing attacks.

You deposit funds and the platform allows you to withdraw part of the amount. An excellent example would be a user who deposits the minimum $10,000 for the basic plan. With this investment amount, the platform allows you to withdraw 20 percent in installments.

Members would withdraw $5,000 after the first three days and $15,000 after a week. That would give the impression members are actually withdrawing ROI earned. Far from it, investors were merely withdrawing part of their deposit.

Before long, investors would demand to withdraw a large chunk available. That’s when Carnelian12 finally showed its true colors. Such members would get blocked and their accounts removed for ‘violating terms and conditions.

Scammed by Carnelian12

With several investors already losing a huge chunk, rising complaints made the creators abandon the project. There were two targets of this project, investors who signed up as members and affiliates who promoted the project for a commission.

Investors would invest, withdraw part of their investment and later couldn’t gain access to the accounts. Affiliates and marketers were promised commissions for promoting the platform and referral bonuses.

Members would also get bonuses from referring their close family and friends to the circle. These includes having already referred 5 members to any of the listed plans. And as fate would have it, the owners would be over the moon as other investors signed up.

Affiliates and marketers were used for their reach and marketing awareness. None of them got to receive any bonuses or commissions. It’s clear why the platform didn’t last long especially after signup numbers diminished. ratings and reviews

Customer reviews and testimonials

With the rising number of complaints shared on Social media, the team behind Carnelian 12 had to react. And the only way to shut all investors was to pull down the website. As it stands, no one has received a penny from this platform.

We will be closely monitoring the platform for its dubious ways. With such wash and rinse scams on the rise, we will surely call out any platform associated with Carnelian 12. Before investing, we always recommend doing due diligence.

The safest way to invest is gathering as much information possible on the platform. Try and find out what the platform has to offer. What are other investors saying about the platform and is there a forum talking about it.

This will give investors a clear outlook of the platform’s performance and results. If there isn’t any, please stay away.

Is Carnelian12 legit or a scam?

Judging by the results of the Carnelian12 project, it’s clear we are dealing with a scam. Those who vested in the platform lose everything and are likely going to lose everything. There’s no coming back from it.

There are features that point to a platform being legit or scam. Accountability and transparency is one of them. It gives you an idea of where to start with the platform failing to offer much in terms of legitimacy.

All roads lead to the platform not having any regulatory oversight that guarantees free and fair investment. That’s why no investor received any compensation since the platform failed to offer insurance deposit.

Verdict Carnelian12

Clearly, Carnelian12 is a risky or rather was a high risk no reward Crypto staking project. There’s no investor out there with valid proof they actually profited from the platform. Point us to one and we will show you the owners behind Carnelian 12.

The safest way to invest in the crypto space is by using tested and verified platforms.

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