Fintegri (FINT): World Cryptocurrency Investment Reboot Ponzi Scam?
Fintegri launched in 2017 with the World Cryptocurrency Investment. Edward Hartley, Daniel Grenon, and Touhid Rahman founded the latter and some surmise that prior, they were involved in the OneCoin Ponzi scheme.
Hartley passed away in July 2017 and thereafter, their venture became World Cryptocurrency International. Grenon and Rahman left the limelight in April 2018 and it seems that john Rock became the company’s new CEO. Before becoming the CEO, he was – ironically – a compliance officer at the Banner Broker Ponzi scheme. The company then rebranded again in September 2018 as Fintegri. Some believe that the rebranding was due to bank’s blacklisting the former company.
Fintegri does not seem to provide any relatable products are services and affiliates are able to market the membership. There is a compensation plan and it is presented in USD. Bitcoin is only used to pay commissions. There is no indication as to whether the rate of return payments in in USD or Bitcoin.
There are four levels to the compensation plan for affiliates and they include Silver, Gold, Platinum, and VIP. The lowest is for a $500 investment, while the highest, the VIP, is for a $10,000 investment. Affiliates are charged 35% daily as a fee for payments on the rate of return. There are also several affiliate ranks, eight to be exact. They include, from lowest to highest, premier, ruby, emerald, diamond, blue diamond, royal diamond, royal ambassador, and crown royal ambassador.
Referral Commissions on Investment
Affiliates also earn investment referral commissions when they recruit affiliates. The percentage paid is determined by how much the affiliate invests. For example, bronze affiliates will receive 10 percent on investment packages, while gold, VIP, and platinum will receive 15 to 20 percent.
Further, affiliates receive paid recruitment commissions by a 3×18 matrix as well. The matrix allows the affiliate to be at the top and below them are three other positions. Affiliates are paid $10 per affiliate who is recruited. Further, the amount that an affiliate earns id determined by how much an affiliate has invested.
The system also provides for residual referral commissions through a binary compensation structure in which an affiliate is at the top and then the matrix splits to the sides and keeps splitting thereafter.
Matching bonuses are also part of the uni-level compensation structure in which an affiliate is at the top of the team, and the personally recruited affiliates are below, and then that splits to more affiliates recruited by the personally recruited affiliates. Ones rank determines how much an affiliate receives in their matching bonus.
Those who are interested in joining pay anywhere from $500 to $10,000. Silver is the lowest level, while VIP is the highest. Overall though, Fintegri seems to be a continuation of its predecessor and the compensation plan is quite similar, save for commission rates.
The platform has also tried to add value to its affiliate investment by adding WCX onto Silver and by providing higher affiliate packages. On the website, individuals will notice a “pre-sale” for FINT, which looks to be an altcoin layer. There are those who also believe that the platform is using trading bots to generate ROI as well.