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Hedger Tech Review: Cryptocurrency MLM Scam

Hedger Tech Review: Cryptocurrency MLM Scam

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Hedger Tech is an MLM operation in the Crypto currency MLM niche. The only way to contact the operators of this website is through an email address since there is no phone number. Hedger Tech does not provide any corporate details on their website. However, their road map says that  Leo Bathan is the Chairman and CEO of Hedger Tech.

Now, interesting, Bathan has zero digital footprint outside the company’s whitepaper. This should be treated as a red flag because if indeed he is a real person who is qualified and experienced in Crypto currencies, his profile should easily show up on search engines and social media pages if we search his name.

This leads us to conclude that either Bathan is not a real person or is being represented by a different character, in this case someone whose image is a stock photo. Most of the time scammers use fiverr actors when they want to put the presentation in video format. The domain where this site is hosted at was created in May 2018. Notice that it was privately registered and so it is very hard to tell who is the true admin of this website.

Among the investment services that Hedger Tech operates include mining of Crypto currencies through which they solicit affiliate fees. Hedger Tech’s mining website can be found here hedgermining.com, which was privately registered on September 2018.

As always, when a website claiming to provide investment services is not providing the real ownership details, you should think twice because this is one of the red flags that suggest that the site is being run by a scammer or a non transparent person.

If you want real mining from credible websites, sign up with these platforms. Don’t just give any website your money since very few people can be trusted in this industry.

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Hedger Tech Review

Hedger Tech does not provide any tangible product or service. Instead, their affiliates are only able to market membership into the platform. Once affiliates have been recruited, they invest funds on the promise that they will earn passive ROI. There are several plans here which include Starter, Silver, Bronze, Gold, Executive, Champion and Director.

Hedger Tech

The least amount of ROIs that affiliates can earn on a monthly basis is 19%. The maximum that they claim their affiliates can earn is 33.75% monthly returns. Investment into these plans are coordinated through the company’s mining platform.

The company does not explicitly state whether payouts are made in dollars or in Hedge coin but we highly suspect that the latter is true. Most of these Crypto currency MLMs pay out using their worthless coins which have no real value even though they have been exchanged with real currency.

Hedger coin was created by Hedger Tech. It is an Ethereum based coin. Because it was created by Hedger tech and this company is simply running a ponzi scheme, the fact of the matter is that the coin has zero value outside the ecosystem of this ponzi scheme.

Referral commission

Hedger Tech pays out commissions in uni-level compensation structure. In this arrangement, the first affiliate is placed at the top of the uni-level compensation structure followed by recruits who are placed directly below them.

Joining the scheme

It’s free to join Hedger Tech since basic membership is free to start with. However, to participate in this scheme fully, one need to invest a minimum of $500.

Why this is a scam

The first thing you will see on the Hedger Tech website is that they have an ”insurance coin”. The idea is that when you convert your Bitcoins into their coin, you will be shielded from BTC volatility. There is an example on the website highlighting how the process works and how we can make money with their system.

An example highlights what would happen if we exchanged 0.073120 BTC into their coin (HDR) in June 1st 2018. Now, we know that the value of BTC declined but this scam tells us that they will continue to pay returns based on the previous exchange rate.

The idea is that when you purchase this coin, the value of your Bitcoin is ”locked” and when you want to cash out, you will do so at the previous exchange and thus you will make money instead of losing it.

Now, obviously things don’t work like that in the real world. But even if that was the case, the investor would still take a loss because BTC isn’t worth what it was in June 1st. To summarize it all, this assumption is just a load of shit and if you are going to believe this assumption, you will end up losing your money.

A securities fraud

But that is not all. These guys are simply committing securities fraud through their Crypto currency mining platform. Investors are promised that they will earn a certain percentage at the end of every month.

These ROIs are allegedly externally generated. But this is hard to believe since the website does not provide any evidence to suggest that ROIs are generated from mining of Crypto currencies. Hedger Mining is therefore committing a securities fraud in conjunction with their website, Hedger Tech.

The website does not provide or indicate that they are registered with any financial services watchdog. It would have been appropriate to provide these details if they wanted to gain credibility. But since these details are absent, we assume that Hedger Tech is committing a fraud and it’s an illegal service, notwithstanding the fact that the platform isn’t engaging in any legit investment activities but is recycling investor funds and paying out ROIs from new deposits.

Hedger tech website touts Cagayan Economic Zone Authority (CEZA) as their regulatory partner. But according to our research, CEZA is just a free economic zone in Philippines. It is not a securities regulator. This is the tactic of a scammer and you can see evidence on their website.

Our best advice for you

There is no way you should expect this website to provide returns through legit mining or trading. Stick to our recommended platforms. 

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