AuLives (SGC Token): Crypto MLM Reboot of OneCoin Ponzi Scheme?
AuLives Review: Another OneCoin Ponzi Clone?
On 4th December 2017, Daud and Tawafi were lauded stealing around $400,000 every month from OneCoin’s victims on Ted Nuyten’s Business for home. Despite OneCoins ROI payments collapsing in early 2017, the company continued to pay pyramid commissions on recruitment
Irrespective of the fact that OneCoin stopped honoring ROI withdrawal request, its affiliate recruitment also collapsed consequently. It now seems like Daud and Tawafi want to run their own MLM cryptocurrency company now that OneCoin’s earnings are likely to plunge down.
AuLives Cofounders name Rickets as AuLives CEO
Daud and Tawafi went ahead and revealed Rickets as CEO of Aulives. This is evidence of their lack of MLM executive experience. Rickett rebooted the business as The Opportunity Network after Unaico and Site Talk, a combination of investment and fraud that soon collapsed.
At the dawn of 2016, Rickett made a move to sell off The Opportunity Network to OneCoin for an undisclosed amount of money. In return, he was gifted OneCoins black Diamond Investment Position. It is now believed that Rickett played an instrumental role in setting up OneCoin’s hell company money laundering network behind the scenes.
Rickett tended to make appearances only when OneCoin shook on collapse. Sometime over the period of the last eight months, Rickett left the company quietly without any Pomp or celebration.
OneCoins Ponzi scheme Promoters
Information on who owns or even runs the AuLives is not provided on the company’s website. Furthermore, the company’s website domain (“aulives.com”) was registered privately on the 29th May 2018.
An Address in Dubai is however provided for the website. There are multiple businesses which operate on the same address as pointed in the website. This suggests that the address belongs to a virtual office provider.
There is an official corporate YouTube channel belonging to AuLives in which several marketing Videos have been posted. These Videos reveal the co-founders of the company to be Parwiz Daud and Mansour Tawafi. These two AuLives co-founders have been vigorous promoters of the OneCoin Ponzi scheme until recently.
Daud and Tawafi live in the UK. This is also where they predominantly promoted the company to the local Muslim community. It therefore stands to reason that, AuLives is primarily being operated from the UK as opposed to Dubai. It is however very unclear why none of this information disclosed on the Aulives website.
AuLives Products and Compensation Plan
Affiliates to AuLives are only able to market AuLives affiliate membership itself as the company has no retailable products.
The members to AuLives usually invest euro and in return receive “Promotional Tokens”. Here are the packages they offer:
- Beginner – invest €100 EUR and receive 50 tokens
- Access – invest €500 EUR and receive 250 tokens
- Intermediate – invest €1000 EUR and receive 510 tokens
- Advanced – invest €5000 EUR and receive 2625 tokens
- Professional – invest €15,000 EUR and receive 8025 tokens
- Exclusive – invest €50,000 EUR and receive 27,500 tokens
The members are then able to convert the invested tokens into Secure Gold Coin (SGC). Though SBC is marketed as a viable cryptocurrency altcoin, in reality, it is merely just a pre-generated point, which even doesn’t exist outside AuLives.
Joining AuLives affiliate membership will require you to pay 35 euros and an additional amount of 100 – 50,000 euros as investment. All affiliates are paid 10% of the money that’s invested by the recruited members. The company has a binary compensation structure, which places an affiliate at the top then split into two sides. This then proceeds up to four positions, all which are filled though direct and indirect recruitment of new members.
AuLives also pay a matching bonus via different compensation structure. Level 1 and 2 get 10% match, level 3 gets 20% match, whereas level 4 gets 25% match.
If you manage to become a leader, you’ also get rewards as follows:
- Trainer: Generate 700 GV and recruit two investing affiliates – pin
- Executive: Generate 40,000 GV and recruit and maintain at least 2 trainers – 600 euros
- Team Leader: Generate 80,000 GV and recruit and maintain at least 3 executives – 800 euros
- Regional Director: Generate 200,000 GV and recruit and maintain at least 3 team leaders – 2,500 euros
- Chairman: Generate 500,000 GV and recruit and maintain at least 4 regional directors – Rolex watch
- Vice President: Generate 1,500,000 GV and recruit and maintain at least 5 chairmen – 15,000 euros
- President: Generate 8,000,000 GV and recruit and maintain at least 6 vice presidents – 60,000 euros.
Considering the AuLives project is backed by people with questionable reputation, and whom are believed to have run other Ponzi schemes before, it’s clear that the system is designed only to target unsuspecting users and steal their funds. The company says that it buys gold with the investment, which is hard to ascertain, especially considering that the information on their website is shoddy. The payouts currently being made are obviously from new members being signed in.