BizzTradePro, a relaunch of the twice-collapsed BizzTrade Ponzi scam, which was itself a relaunch of the failed BizzTrek pyramid scheme, was exposed by BehindMLM back in January.
Indeed, there is a ton of baggage involved.
BlizzCon and BizzCoinPro were used to execute the Ponzi scams BizzTrade and BizzTradePro. Both appear to have been given up.
The official Twitter and Facebook account for BizzTradePro have been taken down:
Here comes NextGen, a hurriedly cobbled-together relaunch that wants to make the most of what is still there.
Rehan and Rizwan Gohar serve as the company’s leaders.
The Birmingham, UK, BizzTrade office now goes by the following name:
And the BizzTradePro event that was planned for Turkey, where Rizwan is establishing an offshore office to take the place of Dubai, has merely been given a new name:
Paul Chalmers is someone who is this time around a little more noticeable in NextGen marketing.
The managing director of NextGen is listed as Chalmers, a UK citizen.
Along with overseeing all of the company’s trading activities, Mr. Paul Chalmers is in charge of running the day-to-day operations.
None of the Bizz* Ponzi schemes included trading, although they did combine affiliate investment with “forex instruction.”
That’s still going on with NextGen, and Chalmers probably brings that to the table as well.
At some time, NextGen is anticipated to launch on the website nextgen.io. The registration of the domain was last modified on January 8th, 2022.
It was probably bought during this period by the Gohar brothers. It’s concerning that this occurred so soon after the BizzTradePro reset.
For a thorough analysis of NextGen’s MLM potential, keep reading.
The Goods from NextGen
No retailable goods or services are offered by NextGen.
The only thing that affiliates may promote is NextGen affiliate membership.
NextGen’s Salary Structure
Affiliates of NextGen make investments in AMGEN, a cryptocurrency developed by NextGen.
Pro Starter costs $100.
€200 for an apprentice
Professional – €1000 Business – €500
AMGEN is being sold by NextGen to affiliates at €0.20 apiece.
Affiliates of NextGen make investments in AMGEN with the expectation of a 400% return.
This daily return has a daily maximum of “up to 1 percent.”
The MLM arm of NextGen pays on money invested by affiliates who have been recruited.
Be aware that even if it isn’t stated officially, it is expected that all MLM commissions are paid in AMGEN.
FollowingGen Affiliate Ranks
The pay structure for NextGen has nine tiers.
They are as follows, along with their respective qualifying standards:
Active Trainee: create $100 in investment for your binary team on both sides.
A qualified trainee will bring in €500 from both sides of your binary team.
Team Leader: Make investments at the Professional tier or higher and produce a volume of investments totaling €5,000 on both sides of your binary team.
One Team Leader must be directly selected by the Team Manager for each side of the binary team.
Senior Manager individually appoints two Squad Leaders for your binary team on either side.
One Senior Manager for each side of your binary team should be directly recruited by the Regional Director.
On both sides of your binary team, the regional president should individually hire one regional director. The regional president should similarly do the same for regional presidents.
Employ one President on either side of your binary team, Global Ambassador.
10% of the money invested by NextGen affiliates who were individually recruited goes to them.
Remaining Commissions NextGen uses a binary compensation mechanism to pay out the remaining commissions.
An affiliate is positioned at the head of a binary team that is divided into two sides (left and right) by a binary remuneration structure:
The binary team’s initial level has two slots. These initial two places are divided into another two positions each to create the second level of the binary team (4 positions).
The binary team is formed in stages, with each stage containing twice as many slots as the preceding stage.
Direct and indirect affiliate recruiting is used to fill positions on the binary team. The depth to which a binary team can expand is unbounded.
Each day’s fresh investment volume on both sides of the binary team is totaled by NextGen at the end of the day.
A portion of the money bet on the side of the affiliate’s inferior binary team is paid to them.
The amount a NextGen affiliate has personally invested determines the precise residual commission rate that is handed out:
Affiliates in the Pro Starter to Business tier make a residual commission rate of 7%.
Affiliates in the Professional and Elite tiers are paid a residual commission rate of 8%.
Affiliates on the Trader tier are paid a residual commission rate of 9%.
NextGen associates with an ROI match Team Leader ranking are eligible to participate.
The ROI Match is paid by NextGen using a unilevel compensation system.
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.
The ROI Match is limited to eight uni-level team levels by NextGen:
levels two through ten: one percent levels one (personally recruited affiliates): two percent
The Founders Pool receives 10% of the total money generated by NextGen.
Affiliates of the Trader investment tier who have attained Team Leader qualification are compensated from the Founders Pool.
NextGen offers the following Rank Achievement Bonuses to affiliates who have qualified at Team Leader and higher:
receive a “TL Kit” (magazine, “gold coin,” badge, t-shirt, pen, and journal) when reaching Team Leader status.
If you reach Team Manager, you’ll get a “NextGen watch,” and if you reach Senior Manager, you’ll get an iPhone.
a MacBook will be given to you once you become Regional Director.
If you reach Regional President, you’ll get a Rolex watch, and if you reach President, you’ll get a Mercedes Benz, and if you reach Global Ambassador, you’ll get an “apartment.”
It costs nothing to become an associate member of NextGen NextGen.
The connected income possibility requires a start-up investment of between $100 and $5,000 to be fully used.
Keep in mind that a EUR 1000 Professional tier investment is necessary to qualify as Team Leader and above.
NextGen is not very substantial. With a new BEP-20 shitcoin, you have the same old percent-a-day Ponzi scheme.
AMGEN could have been set up for next to nothing and in 5 minutes. AMGEN pumps use a new coat of paint to entice new investors.
AMGEN drops as scammers leave. In the case of both BizzCoin and BizzCoinPro, this has already happened.
Amgen made its public debut on or about April 16. Other than some strange spike manipulation, it is trading sideways at about 50 cents.
50 cents are equivalent to 0.0135 euros. Therefore, you’re already losing money if you purchase a NextGen bundle and receive tokens for EUR 0.2.
One noteworthy element is the Gohar brothers’ desire to join the NFT train, which likely explains the last-minute relaunch.
Most of the NFT craze has passed. And that is openly accessible. Ponzi NFTs are dead, thus nobody is going to worry about them.
Apart from that, NextGen has been plagued by shitcoin bagholders for more than two years.
These previous investors are already primed and positioned thanks to whatever offers older investors were offered, some of whom would have profited money by defrauding long-gone victims.
They can recover significant losses thanks to you, a new NextGen investor.
Recruitment is not likely to take off, even for a limited period, if it is a third-generation Ponzi scam.
The arithmetic of Ponzi schemes ensures that the majority of participants lose money, just like in BizzTrade and BizzTradePro.