Trio Trader: New Qube Trader Crypto Signals Reboot or Worthy Bitcoin MLM Business?

There is a new fraudulent project in the space called Trio Trader, that was previously known as Qube Trade. Qube trade started to operate back in August while Trio Trader started in November.

According to a report released by Behind MLM, the company does not provide any information about those who own and run the business, but the site was created on October 29th, 2019. However, the owner of the site seems to be Amir Dauti (Dauti Tech) which is located in Ontario, Canada.

As per the report, Amir Dauti also runs TrioSoft. In this website, the company advertises an eTrader system that seems to work as an auto trader for virtual currencies. The co-founders of that project are Joseph McDermott (CVO), Scott Phoundpadith (CEO) and Amir Dauti (CTO).

Mr. Dauti seems to have a technical role compared to the other two team members that have already MLM backgrounds

The report says that Trio Trader affiliates invest in Bitcoin with the promise to receive a passive ROI. There are no minimum or maximum limits for investors in this company, additionally, all the returns are paid in Bitcoin (BTC).

In order for users to have access to the automated ROI scheme, users need to pay a $100 monthly fee. This fee is used to pay commissions on the recruitment of new Trio Trader affiliates.

Each Trio Trader membership has a set number of generated points. The monthly subscription receives 1 point. The six-month subscription receives 6 points and the annual subscription 10 points. Daily residual commissions are capped a $3,000. However, the residual commission rate can be increased to $4,500 by recruiting and maintaining 10 active affiliates.

The one-month subscription costs $100, compared to $600 and $1,000 for the 6 month and 12-month subscription respectively.

This company is offering securities. TrioSoft’s website reads as follows:

“Crypto currency auto trader that can handle hundreads [sic] of thousands of customers orders in one go and make a consistent profit and passive income.”

As reported by Behind MLM, neither McDermott, TrioSoft or Trio Trader are registered within the U.S. Securities and Exchange Commission (SEC).

Ponzi and Pyramid schemes end up in a similar way: failing. It is impossible for these schemes to survive for a long period of time without collapsing.

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