Beware of NextGen – Review

BizzTradePro, a resurrection of the twice-crashed BizzTrade Ponzi scam — itself a reboot of the collapsed BizzTrek pyramid scheme – was exposed by BehindMLM in January.

There’s a lot of baggage here, to be sure.

BizzTrade and BizzTradePro were Ponzi schemes that used BizzCoin and BizzCoinPro as a platform. Both appear to have been abandoned.

The official Facebook and Twitter account for BizzTradePro have been deactivated:

NextGen is a hurriedly assembled relaunch attempting to profit on what’s left.

Rehan and Rizwan Gohar are the leaders of NextGen.

The Birmingham office of BizzTrade in the United Kingdom has been renamed:

The BizzTradePro event in Turkey, where Rizwan is establishing an offshore headquarters to replace Dubai, has been renamed:

Paul Chalmers is a bit more visible in NextGen marketing this time around.

Chalmers, who lives in the United Kingdom, is listed as NextGen’s Managing Director.

Mr. Paul Chalmers is in charge of the company’s everyday operations as well as all trading activities.

None of the Bizz* Ponzis involved trading, although they did combine “forex instruction” with affiliate investment.

That trend is expected to continue with NextGen, and Chalmers is expected to contribute.

At some time, NextGen is scheduled to go online on the domain “nextgen.io.” The registration of the domain was last updated on January 8th, 2022.

It was probably at this time that the Gohar brothers bought it. It’s concerning that this happened so soon after the BizzTradePro relaunch.

Continue reading to learn more about NextGen’s MLM opportunity.

Products from NextGen

There are no retailable NextGen products or services.

Affiliates can only promote their NextGen affiliate membership.

Compensation Plan for NextGen

Affiliates of NextGen invest in AMGEN, NextGen’s cryptocurrency.

• EUR 100 for Pro Starter; EUR 200 for Apprentice; EUR 500 for Business; EUR 1000 for Professional; EUR 2500 for Elite; EUR 5000 for Trader

NextGen sells AMGEN to affiliates for €0.20 EUR per share.

Affiliates of NextGen invest in AMGEN with the expectation of a 400% return.

This daily return is restricted to “up to 1 percent” every day.

NextGen’s MLM division pays out on monies invested by recruited affiliates.

Although not specifically stated, all MLM commissions are presumed to be paid in AMGEN.

Affiliate Ranks for NextGen

NextGen’s pay structure has nine levels.

They are as follows, along with their respective qualification criteria:

1. Active Trainee – invest €100 on both sides of your binary team.

2. Qualified Trainee – raise EUR 500 from both sides of your binary team.

3. Team Leader – invest in the Professional tier or higher and create EUR 5000 in investment volume on both sides of your binary team.

4. Team Manager – on each side of your binary team, individually select one Team Leader.

5. Senior Manager: Recruit two Team Leaders on each side of your binary team individually.

6. Regional Director — on each side of your binary team, individually hire one Senior Manager.

7. Regional President – on both sides of your binary team, individually select one Regional Director.

8. President – on both sides of your binary team, individually hire one Regional President.

9. Global Ambassador – on both sides of your binary team, individually recruit one President.

Commissions of Recommendation

Affiliates that are directly recruited by NextGen get 10% of the monies invested.

Residual Commissions NextGen uses a binary compensation mechanism to pay residual commissions.

An affiliate is placed at the top of a binary team, which is divided into two sides (left and right):

The binary team’s initial level has two slots. The binary team’s second level is created by dividing the initial two slots into two more positions each (4 positions).

The binary team’s subsequent levels are created as needed, with each new level containing twice as many slots as the preceding level.

Affiliates are recruited directly and indirectly to fill positions in the binary team. It’s worth noting that a binary team can go as deep as it wants.

NextGen tallies fresh investment volume on both sides of the binary team after each day.

Affiliates are compensated according to the amount of money put into their weakest binary team.

How much a NextGen affiliate has invested determines the precise residual commission rate handed out:

• Affiliates in the Pro Starter to Business tier receive a 7% residual commission rate; affiliates in the Professional and Elite tiers earn an 8% residual commission rate; and affiliates in the Trader tier earn a 9% residual commission rate.

Return on Investment

An ROI match is available to Team Leader-rated NextGen affiliates.

The ROI Match is compensated by NextGen on a single level.

An affiliate is put at the head of a uni-level team, with every individually recruited affiliate placed right behind them (level 1):

Level 1 affiliates who recruit new affiliates are assigned to the original affiliate’s unilevel team’s level 2.

If any level 2 affiliates acquire new affiliates, they will be assigned to level 3, and so on, down a theoretically limitless number of levels.

The ROI Match is limited to eight unilevel team levels by NextGen:

• 2% for level 1 (personally recruited affiliates); 1% for levels 2 to 10

Founders Pool NextGen invests 10% of corporate income in the Founders Pool.

Trader investment tier affiliates who have also qualified for Team Leader get the Founders Pool.

Bonus for Rank Achievement

Affiliates who have qualified for Team Leader or above receive the following Rank Achievement Bonuses from NextGen:

• qualify as a Team Leader and receive a “TL Kit” (magazine, “gold coin,” badge, t-shirt, pen, and journal, and “nextgen badge”)

• achieve Senior Manager status and receive an iPhone

• achieve Regional Director status and receive a MacBook

• achieve Regional President status and receive a Rolex watch or €5000; achieve President status and receive a Mercedes Benz

• achieve Global Ambassador status and be assigned an “apartment”

NextGen affiliate membership is completely free.

An initial commitment of €100 to EUR 5000 is required to fully participate in the associated income potential.

A EUR 1000 Professional tier investment is necessary to qualify as Team Leader and above.

Conclusion

NextGen isn’t really interesting. With a new BEP-20 shitcoin, you have the same old percent a day Ponzi scheme.

AMGEN could have been put up in 5 minutes for very minimal money. AMGEN pumps are luring new investors in with a fresh coat of paint.

AMGEN dumps, scammers withdraw. Both BizzCoin and BizzCoinPro have previously experienced this.

AMGEN made its public debut on or around April 16th. There’s some strange spike manipulation going on, but it’s mostly trading sideways at approximately 50 cents.

EUR 0.0136 is equal to 50 cents. So if you buy a NextGen bundle and get tokens for EUR 0.2, you’ve already lost money.

The Gohar brothers’ desire to join the NFT bandwagon is worth noting, and this certainly explains the last-minute relaunch.

The NFT craze has passed. And it is public information. Nobody will worry about Ponzi NFTs because they are dead.

Aside from that, NextGen has been dragged down by shitcoin bagholders for the past two years.

These previous investors, some of whom would have gained money by defrauding long-gone victims, are already preloaded and positioned as a result of whatever bargains were offered to current investors.

As a new NextGen investor, you’re assisting them in recouping significant losses.

Recruitment for a third-generation Ponzi scam is unlikely to take off, even for a short time.

The arithmetic underpinning Ponzi schemes, like BizzTrade and BizzTradePro, ensures that the vast majority of participants lose money.

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