Agri Marine Ventures fails to offer possession or government info on its web site.
Agri Marine Ventures’ web site area (“agrimarineventures.com”), was privately registered on January eighth, 2023.
In an try to seem reputable, Agri Marine Ventures supplies an incorporation certificates for “Agrimarine Harvesting Providers Nationwide” on its web site.
Agrimarine Harvesting Providers Nationwide was purportedly included within the Philippines on January fifth, 2023.
Whether or not the corporate has something to do with Agri Marine Ventures is unclear.
Regardless, scammers are simply capable of incorporate shell firms with bogus particulars. For the aim of MLM due-diligence, fundamental incorporation in any jurisdiction is meaningless.
Nonetheless, it seems Agri Marine Ventures would possibly certainly have ties to the Philippines. On February twenty eighth, the Philippine SEC issued an Agri Marine Ventures securties fraud warning.
The aforementioned scheme of AGRI MARINE VENTURES vis-à-vis ART BERROYA appears to be fraudulent as it’s concerned within the solicitation, providing, and/or promoting of unregistrable securities from the general public.
The exercise of AGRI MARINE VENTURES vis-à-vis ART BERROYA doesn’t have the requisite secondary license and the mentioned schemes can by no means safe the required license or allow for such providing and/or promoting of securities to the general public and that the identical is in violation of Sections 8, 12 and 26 of the Securities Regulation Code (SRC).
The Philippine SEC names Artwork Capunitan Berroya as Agri Marine Ventures’ President and CEO. This similar title seems on the Agrimarine Harvesting Providers Nationwide incorporation certificates.
Artwork Berroya does correspond to a FaceBook profile of the identical title…
…however there’s nothing on the profile besides two not too long ago uploaded pictures. This means the profile was both wiped or purposefully created to market Agri Marine Ventures.
Berroya is presupposed to function in a advertising and marketing video, uploaded to Agri Marine Ventures’ official YouTube channel on January 18th, 2023:
The video options Berroya pretending to be a farmer and seems to have been shot within the Philippines.
As all the time, if an MLM firm will not be overtly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Agri Marine Ventures’ Merchandise
Agri Marine Ventures has no retailable services or products.
Associates are solely capable of market Agri Marine Ventures affiliate membership itself.
Agri Marine Ventures’ Compensation Plan
Agri Marine Ventures associates make investments funds on the promise of a passive return:
- Marine Farming 500 – make investments 500 PHP and obtain 1000 PHP over 30 days
- Marine Farming 1000 – make investments 1000 PHP and obtain 2000 PHP over 30 days
- Marine Farming 2000 – make investments 2000 PHP and obtain 4000 PHP over 30 days
- Marine Farming 3000 – make investments 3000 PHP and obtain 6000 PHP over 30 days
- Marine Farming 5000 – make investments 5000 PHP and obtain 10,000 PHP over 30 days
- Marine Farming 8000 – make investments 8000 PHP and obtain 16,000 PHP over 30 days
- Marine Farming 9000 – make investments 9000 PHP and obtain 18,000 PHP over 30 days
- Agri Farming 10000 – make investments 10,000 PHP and obtain 20,000 PHP over 30 days
- Agri Farming 20000 – make investments 20,000 PHP and obtain 40,000 PHP over 30 days
- Agri Farming 50000 – make investments 50,000 PHP and obtain 50,000 PHP over 30 days
- Agri Farming 100000 – make investments 100,000 PHP and obtain 100,000 PHP over 30 days
- Agri Farming 200000 – make investments 200,000 PHP and obtain 200,000 PHP over 30 days
Observe that Agri Marine Ventures costs a ten% price on all withdrawals.
The MLM aspect of Agri Marine Ventures pays on recruitment of affiliate traders.
Referral Commissions
Agri Marine Ventures pays referral commissions on invested funds by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned immediately beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Agri Marine Ventures caps payable unilevel crew ranges at ten.
Referral commissions are paid out as a share of funds invested throughout these ten ranges as follows:
- stage 1 (personally recruited associates) – 10% if invested on the Marine Farming tier, 15% if invested on the Agri Farming tier
- ranges 2 to five – 0.5%
- ranges 6 to 10 – 1%
Matrix Cycler
Agri Marine Ventures seems to run a 2×2 matrix cycler along with its major funding alternative.
Positions within the cycler are awarded as soon as an Agri Marine Ventures affiliate has
- run by one 30 day funding cycle; or
- earned 5000 PHP in stage 1 referral commissions (personally recruited associates)
If an affiliate qualifies by way of funding, they’re charged a further 200 PHP for his or her cycler place. If an affiliate qualifies by referral commissions, the place is awarded at no further price.
A 2×2 matrix locations an affiliate on the prime of a matrix, with two positions immediately beneath them:
These two positions type the primary stage of the matrix. The second stage of the matrix is generated by splitting these first two positions into one other two positions every.
Positions within the matrix are stuffed as different Agri Marine Ventures associates qualify for positions.
As soon as all positions within the matrix are stuffed, a 1800 PHP cycle fee is paid out. 200 PHP is withheld to fund one other cycler place, whereby the filling course of repeats itself.
Becoming a member of Agri Marine Ventures
Agri Marine Ventures affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal 500 PHP funding.
Agri Marine Ventures Conclusion
Agri Marine Ventures’ advertising and marketing ruse is that exterior income is generated by farming exercise.
This raises the query that, if the farming already exists, why does Agri Marine Ventures want your cash for?
Not withstanding the improbability of random farming within the Philippines producing 200% a month. Certainly if that had been the case the farmers themselves can be bajillionaires by now?
Tying in with the Philippine SEC’s fraud warning, the reply is in fact there isn’t any exterior income. It’s all theatrics.
Because it stands, the one verifiable income getting into Agri Marine Ventures is new funding.
Utilizing new funding to pay associates a 200% month-to-month ROI makes Agri Marine Ventures a Ponzi scheme. Referral commissions and the matrix cycler add a further pyramid layer.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Agri Marine Ventures of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of members lose cash.
