Ma Vie International Club: Legit Cryptocurrency ICO or Scam MLM?
Ma Vie International Club: ICO Lending Ponzi Scheme?
Ma Vie International Club (not MaVie), is a platform that markets itself as an international investing club. However, there are several qualities that are causing concern about its validity and that suggest that the platform may be an ICO lending ponzi scheme, just without the ICO.
At this point, those who visit the platform’s website will notice that there is no information concerning ownership or management of the business. Although the Ma Vie Internaitonal Club website “mavieint.com” was privately registered in April 2018, a deeper search reveals that the address that appears on the platform’s website is used by multiple businesses. This type of issue suggests that the address is really virtual and there is no physical establishment.
Further, affiliates who are interested in joining must be located in South Africa, meaning that the platform could be running there early. Most of the platform’s website traffic is from South Africa as well. Worse yet, the platform appears to have links to Black Marlin, a platform that Mauritius regulators have warned against.
The Black Marlin platform has various names, two of which have been subject to warnings issued by the Mauritius Services Commission. As the commission noted, Black Marlin Investment Fund PCC and Black Marlin Asset Management Living have been fraudulently claiming registration with the regulator, however neither has actually registered.
As for products and services, none of them are actually relatable. Affiliates are the only ones able to market the membership, providing question as to the ponzi scheme quality of the platform. Furthermore, those who are interested in joining can do so for free – however, affiliates early only through referral commission. Those who fully participate in the income opportunity must invest $100 at a minimum.
At this point, although Ma Vie International markets itself as an “investment club” that provides “access [to] companies and products for investment with regular dividend returns; assurance products & other exclusive benefits,” there is a real question as to the actuality of this statement. There is no evidence provided on the brand’s website or otherwise to suggest that this is truly the case.
In reality, it is unclear what Ma Vie International Investment Club actually is and how it is a viable option for anyone who wants to make a safe investment. Additionally, the investment club has not launched an ICO – but that does not necessarily mean that one will not eventually launch. The only current verifiable source of revenue is the new affiliate investment, which is used to pay existing affiliates. The absence of an ICO token, the platform may be just a ponzi scheme.