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Velimon.racing is a shady investment website that hustles investors of $5 with the promise of converting it to $5,465 in a few days. The website Velimon does not provide any clues as to who owns or runs it. So we have to depend on research in order to find out who the owner of Velimon truly is. The domain where this website is hosted at was registered on March 2018.This means that the site is still very new. Any promises made by Velimon must not be taken seriously if there is no proof of payment.
There is a marketing video on the landing page of Velimon. This video features a man with an African accent. According to us, this may suggest that whoever is running this website is having some affiliations with Africa so to speak. At the time f writing this review, we discovered that Velimon was receiving the largest traffic from the US. Actually, this figure stands at more than 30%.
Remember that if an investment website or a site that claims to offer returns for capital is pitching their idea and yet are not upfront about their ownership, it could mean that the site owner is hiding something really worth knowing about. We usually treat this as a red flag.
Note: Avoid ponzi schemes, discover how to invest your money safely.
If Velimon is an investment site, they must be engaging in a revenue generating activity. They should be trading to generate some money. However, as we can see, Velimon is not offering any product or service.The only thing which this website is offering is their affiliate membership. This is a bad sign and a red flag as well. It suggests that the site is a ponzi scheme which only depends on new affiliate deposits to make returns.
They are using a six-tier 4×1 matrix cycler which can be purchased for $5 only. Because this is a 4×1 matrix structure, it should be very simple to fill as it only requires 4 positions to be filled before moving to the next ”cycle”. Everyone joining this cycle must pay $5. Once positions have been filled up, the ponzi scheme moves to the next tier. According to the site, moving through the 6 tiers will generate a total of $5465 return on investment. If you personally recruit others, the site claims that you will be entitled to a 50% commission on their deposit.
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Please note that the site has capped all daily withdrawals to $1000. For an investor to participate as an affiliate, they will not be required to part with any amount. However, if they are to obtain full membership, they are required to part with $5.
From what you just read above, you realize that this is an illegal investment project and also a time waster. There is no way you can expect to generate such a big ROI by paying $5 only. That is not realistic.
The site seems to be having another agenda. Their operations are not transparent, plus their model of business is somehow doomed to fail. This kind of thing cannot last longer than 5 months. In fact, when new recruiters discover that this is a money grab, they will stop funding it and will be the downfall of this site. The owner can close shop and run away with 90% of the funds contributed to their wallet.
Also, before we can fall for such a simple trick, let’s consider common logic which dictates that anyone capable of generating 109,300% ROI will never share their secret or proceeds with you. It is just common sense. Why would they share the money with you?
Velimon is a proven ponzi scheme because there is no evidence that return on investments are generated from an external source. By the way, they are only recycled new investor funds and using them to pay out ROIs. This is not acceptable, and should never be considered a valid business idea. In fact, the owner of the site is the only party that will stand to benefit from this kind of business.
Velimon’s cycle is going to slow down when new recruits stop coming in. This is just common sense and anybody should be able to see it. The newly invested funds cannot last longer than 6 months if payouts are to be made. That is why they are depending of new deposits to inject ‘fresh blood’ into the ponzi scheme.
It is obvious that you will get duped by Velimon. There is no telling when this site will go down. The owner is anonymous, which is the first red flag you should be worrying about. Although $5 is not such a big amount of money to risk, keep in mind that the scammer is collecting $5 from as many people as possible. At the end of the day, the business is profitable to them but not to you. There is no point funding a ponzi scheme for $5. Even if it took $1 to participate, this would still turn into substantial profit if they were able to do business with 500 people a day.
And $5 is just the bare minimum. It means greedy investors will be injecting more not knowing that this scam is intending to make off with the rest of the balance. While the site Velimon may be online, you never know what will happen tomorrow since these sites are too unstable to put your trust on them. In short, your money is not safe on this platform.
The site is even accepting payment in Payee and in Cryptocurrencies. These are the most favorite payment methods for scammers who run ponzi schemes. Therefore, when we consider all the red flags here, we see that this site is fitting the description of a ponzi scheme. We can never doubt their intentions because the sales pitch has already told us the rest of the story.
Start looking for reliable and stable ways of investing whatever little you have. Put your money into mining of Cryptocurrencies for example and you will make money.
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