Have you heard of Solidus Global and you want to find out whether the company is a legitimate investment or simply another shameless scam? You have come to the right place.
What Is Solidus Global?
Solidus Global is a company created by Chris Principe, which is known for being the head of OneCoin, a popular ponzi scheme. OneCoin was promoted in 2016 and it was a scam. It was promoted at the same time as Skyway Capital, another ponzi scheme. OneCoin collapsed in 2017, though, and Principe and the other people riding the train decided to distance themselves from the brand.
It is also important to note that Principe sued a prominent OneCoin critic in 2017. The lawsuit was believed to be promoted by the company and it was a proxy effort to go after the critics of the scam. Principe quietly settled the lawsuit this year, though, despite his bravado in OneCoin events.
This is not all. Juha Parhiala, another prominent figure of the Onecoin scam, is also involved with Solidus Global. He made a lot of money from the OneCoin scam and had a quiet year so far until he was linked to this project.
Chris Principe is cited as the founder and CEO of Solidus Global and Parhiala is known as the “grand ambassador” of the company.
This is already a huge red flag, but we have to dig deeper in order to be fully fair and transparent about whether you should invest in this company or not. However, it is already clear how dangerous it can be to trust Solidus Global.
What Solidus Global Offers Gold Mining With OneCoin Crypto
Solidus Global offers “gold mining contracts” with the promise of a huge return on investment for the people who decide to invest in the company. Affiliates are paid 10% of the funds for their recruited affiliates and they are paid, 5%, 4% and 3% for three levels after this one, which basically makes Solidus Global a multi level marketing scheme that makes money via residual commissions.
The company also works with a system of matching bonuses and rank rewards, so the more people you recruit, the more money you win. While the system is pretty complex, it is enough to affirm that you receive some bonuses by investing more and getting more people to invest.
The minimum investment that you can make is $30 USD and full participation requires you to pay a value that ranges from $100 to $10,000 USD.
Solidus Global Conclusion
Even if you ignore the creators of this scam, you will probably see many red flags. It is a Ponzi scheme. If you do not market or sell anything to real customers, your revenue comes only from affiliate investments. This money is used to pay everything in the system.
The company fails to provide any kind of evidence that there is really a gold mining operation in Africa and a lot of aspects from the company range back to OneCoin. All indicates that this is, in fact, a scam, so you should not waste your time investing in this company.