Operating in the MLM space for cryptocurrencies is MetaProfit. According to the corporation, Georgia is where its headquarters are located.
CEO of MetaProfit Arthur Dvali is introduced as follows:
The corporate profile for Dvali on MetaProfit is ridiculously ambiguous;
Arthur Dvali, a college dropout who still succeeded in the digital world, is a visionary entrepreneur similar to Mark Zuckerberg, Steve Jobs, and Elon Musk.
He began trading popular cryptocurrencies seven years ago, making a respectable living.
As his interest in blockchain technology grew, he began investigating it, investing in and funding blockchain-related enterprises. Around the same time that the metaverse was developed, he learned that it had the power to alter the course of history and started doing research with his team.
With this in mind, Dvali established MetaProfit to spread his skills and assist others in using technology to make money.
Two MetaProfit marketing videos feature Dvali. He reads a little script that doesn’t mention anything in both videos. The remaining marketing films for MetaProfit are your standard stock footage with dubs.
Outside of empty social media pages and MetaProfit’s advertising, Dvali does not exist. He is now a top candidate to be the next Boris CEO.
The Philippine SEC warned about the MetaProfit securities scam last month.
MetaProfit “included the selling of securities to the public,” according to the notice.
According to the Securities Regulation Code (SRC), to sell these securities, the relevant corporation and/or its representatives must be properly registered and/or licensed.
According to the Commission’s records, neither METAPROFIT as a corporation nor as a partnership has ever been registered with the Commission.
Additionally, it is NOT PERMITTED to seek investments from the general public.
On December 12th, 2021, MetaProfit secretly registered the domain name “metaprofit. pro” for its website.
Typically, Russians and Ukrainians are behind Boris CEO scams. But those often have a little greater production value.
Looking at the official presentation for MetaProfit, we can see that it was developed back in January on “Carlo’s PC”:
We learn a little more from the official PowerPoint presentation of MetaProfit:
Carlo Bismonte started privatizing his social media accounts either before the launch of MetaProfit or after the Philippine SEC issued its alert.
However, his restricted Facebook profile reveals that Bismonte resides in the Philippines:
On Bismonte’s personal Instagram account, it is revealed why an Indian actor was selected to portray Arthur Dvali:
Here, we discover that Bismonte can speak Hindi.
When Bismonte isn’t promoting MLM cryptocurrency scams, you can find him playing the drums on YouTube:
By now, it ought to be clear that Bismonte is responsible for MetaProfit. In addition, MetaProfit is run from the Philippines rather than Georgia.
Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.
The Products of MetaProfit
There are no sellable goods or services offered by MetaProfit.
Only the MetaProfit affiliate membership itself may be promoted by affiliates.
Plan of Compensation for MetaProfit
Affiliates of MetaProfit spend $20 to $40,000 in Binance currency (BNB). On the promise of a daily return of 1%, this is done.
A total of 130 percent ROI is paid out by MetaProfit over 30 days.
The MLM portion of MetaProfit pays on BNB invested by affiliates who have been recruited.
MetaProfit uses a uni-level compensation system to pay referral commissions.
An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they recruited is positioned immediately under them (level 1):
New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.
Twenty is the maximum number of payable team levels in MetaProfit.
Over these twenty tiers, referral commissions are given as a percentage of BNB invested as follows:
level 1 (affiliates individually recruited) – 10%
levels 2 through 20: 0.5%
It costs nothing to become a MetaProfit affiliate member.
The associated income opportunity needs a least $20 investment in BNB to be fully eligible to participate.
Reinvestment is necessary to continue earning beyond thirty days.
A straightforward smart-contract Ponzi scam is MetaProfit.
The smart contract for Metaprofit is uploaded to the Binance blockchain, where it automatically operates on the blockchain.
If you invest in BNB, your BNB is stolen by previous investors, and you are hoping that after 30 days, more BNB has been invested.
Carlo Bismonte may face legal action if he keeps running MetaProfit in violation of the Philippine SEC’s warning. Specifically, 21 years in jail or a $5,000,000 fine ($95,436 USD).
Additionally, MetaProfit promoters in the Philippines incur the danger of legal action.
As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.
This will deprive MetaProfit of ROI income, leading to its eventual demise.
The mathematics underlying Ponzi schemes ensures that when they fail, the majority of investors lose money.