On their website, Full Velocity makes no mention of who owns or operates the firm.
On December 31st, 2021, Full Velocity’s website domain (“fullvelocity. trade”) was privately registered.
Further investigation identifies James Ward as the CEO of Full Velocity marketing videos:
As the CEO of LGN Prosperity, James Ward (right) first appeared on BehindMLM’s radar in 2010.
Travel vouchers were sold by LGN Prosperity, with each voucher earning a spot in a matrix 22 cycler.
LGN Prosperity transformed into LGN International in mid-2011 after months of not paying affiliates.
Commissions on travel services booked via LGN were added as a result of the name change.
Ward took over as CEO and co-founder of iBizWave in early 2014 after LGN International folded in mid to late 2013.
Ward returned to the travel MLM market in 2015 with the introduction of 2SL Start Living.
Ward launched Pangea in 2016 after 2SL Start Living was short-lived.
Pangea’s first business concept was a matrix cycler cloaked as travel.
Pangea has disintegrated by early 2017. Ward relaunched Pangea with a revised compensation scheme.
The only real change was that the cycler had been increased to three layers, therefore Pangea 2.0 didn’t survive long either.
Ward reappeared in late 2019 with Sports Trading BTC, a cryptocurrency Ponzi scam.
By December 2019, Sports Trading BTC had failed, causing Ward to relaunch the plan as Global Credits Network.
According to Alexa’s website traffic records, Global Credits Network went out of business in or around April 2020.
Ward launched Lion’s Share, his first smart-contract Ponzi scam, in late June 2020.
Ward launched Apex Financial in April 2021 after Lion’s Share went bankrupt in early 2021.
Apex Financial was founded by Hitesh Juneja and Jason Rose as a joint company. Affiliates were encouraged to invest in AFT tokens in exchange for daily payments of up to 0.85 percent for 360 days.
The Apex Financial website is still operational. However, Alexa traffic predictions for their website show a drop in late 2021.
In the middle of 2021, there appears to have been an attempt to revive Lion’s Share as “Lion’s Share Velocity.” Whatever it was, it flopped so quickly that we didn’t notice.
In any case, all of this leads us to the debut of Full Velocity last month.
Continue reading for a comprehensive analysis of Full Velocity’s MLM offer.
The Products of Full Velocity
There are no retailable items or services offered by Full Velocity.
Affiliates can only promote the Full Velocity affiliate membership.
Compensation Plan for Full Velocity
Full Velocity offers weekly passive returns ranging from 0.21 percent to 5.4 percent.
The “FV Bot” is said to be the source of the returns. Full Velocity sells access to FV Bot, a passive bitcoin trading bot.
Weekly subscription costs are calculated at 30% of returns paid out by Full Velocity.
The FV Bot requires a minimum investment of $200.
In Full Velocity, all compensation transactions are performed in tether (USDT).
Full Velocity’s MLM side is based on weekly membership fees paid by recruited affiliates.
Velocity Affiliate Ranks in Their Entirety
Within Full Velocity’s pay model, there are six affiliate ranks.
They are as follows, along with their respective qualification criteria:
1st gear – find one affiliate
Gear 2 – enlist the help of three affiliates.
Gear 3 – enlist the help of five affiliates.
Recruit seven affiliates (gear 4)
Recruit ten associates with Gear 5
Full Velocity – enlist the help of twelve affiliates.
Residual Commissions are commissions that are paid regularly.
A uni-level compensation scheme is used by Full Velocity to pay residual commissions.
An affiliate is put at the head of a unilevel 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 recruit new affiliates, they are promoted to level 3, and so on, up to a theoretical limit of an unlimited number of levels.
At twenty, full Velocity caps are available for unilevel team levels.
As a proportion of weekly membership costs paid over these twenty levels, residual commissions are paid out as follows:
Affiliates with a Gear 1 ranking earn 25% on levels 1 (personally recruited affiliates) and 10% on levels 2 and 3.
Affiliates with a Gear 2 ranking receive 25% on level 1, 10% on levels 2 to 5, and 5% on level 6.
Affiliates in the Gear 3 tier earn 25% on levels 1, 10% on levels 2 to 5, 5% on levels 6 and 7, and 2.5 percent on levels 8 and 9.
Affiliates with a Gear 4 ranking receive 25% on level 1, 10% on levels 2 to 5, 5% on levels 6 and 7, 2.5 percent on levels 8 to 14, and 1.25 percent on level 15.
Affiliates with a full Velocity ranking receive 25% on level 1, 10% on levels 2 to 5, 5% on levels 6 and 7, 2.5 percent on levels 8 to 14, and 1.25 percent on levels 15 to 20.
There is a charge to join Full Velocity affiliate membership.
To keep earning, you must pay ongoing membership costs, which are computed as 30% of weekly earned profits.
Conclusion of Maximum Velocity
Full Velocity’s strategy of joining up anyone for free and then taking a cut of the earnings is an intriguing one.
Regulative non-compliance relating to securities fraud, however, remains unaffected.
The FV Bot, according to Full Velocity.
is a hedged trading technique that takes long and short bets at the same time to produce a natural hedge.
It found the ideal exit positions where the loss from the losing position is less than the gain from the winning position.
This is not a conventional “dollar cost averaging” bot that repurchases positions regularly and then get locked in trades for weeks.
Due to Full Velocity’s failure to submit audited financial reports, there is no way to verify this. This might be a violation of the Federal Trade Commission Act.
Furthermore, accepting James Ward’s comments about trade value at face value creates more concerns.
Ward states that in January 2022, FT Bot generated 15.1 percent.
Why would you give out free access to a trading bot capable of making 15% a month (Ward claims FT Bot has been running since March 2021)?
Someone with a 15% trading bot would operate it themselves in the background. In a few years, compound and you’ll be the richest person on the globe.
All of this requires that you believe James Ward’s assertions about trading revenue at face value, which you should not.
Weekly returns dating back to March 2021 are said to be “confirmed third-party data” on Full Velocity’s website.
Where can I find this information? Why hasn’t it been registered with the Securities and Exchange Commission?
MLM firms that offer passive profits, regardless of how they’re earned, are selling stocks.
Securities offers must be registered with the Securities and Exchange Commission (SEC) by law.
Full Velocity and James Ward are not registered with the SEC, according to the Edgar database.
Full Velocity and its FT Bot, according to Ward, is completely legal. Why is the firm functioning illegally if that is the case?
When you combine this with Ward’s track record of launching scam after scam, it’s easier to see what Full Velocity is all about.
Full Velocity is a scam that says, “Lulz can’t touch our money!” To that goal, the firm makes the standard statements such as “you’re in charge of your money!” and so on.
In actuality, the monies you give to Full Velocity’s bot are completely out of your hands.
There’s nothing that can stop Full Velocity from deleting your account. Rigged trades are used to do this, either by blowing up the bot or inventing some other justification.
Admins exit-scammed in both cases by rigging trades in their favor.
Every “lulz can’t touch our money!” strategy leads to this point. It’s not going to finish any differently in Full Velocity.
Updated on May 28th, 2022 – The bot created by Full Velocity has resulted in losses of up to 90%.
As a result, on May 11th, 2022, Full Velocity came crashing down.