On their website, Mainet omits to include ownership or executive information.
The domain name “mainet. business” for Maine’s website was privately registered on May 26, 2022.
Further investigation finds that CiprianCicerou is listed as the founder and CEO of Magneti in official marketing materials.
BeTrader, an MLM “crypto trading” Ponzi scheme from 2019, is run by Cicero.
BeTrader debuted in August 2019 with monthly returns ranging from 20% to 40%.
BeTrader had already collapsed or was about to do so by October 2019.
After BeTrader, Ciceu started the shitcoin Ponzi scam BeTrader Academy.
The ultimate purpose of BeTrader Academy’s “couches” sales was to get customers to invest in beta.
BETA was a worthless ERC-20 token. ERC-20 shitcoins are easy to set up and cost little to nothing.
The website for BeTrader Academy is still up, however, BETRA failed and has since been shut down.
Cicero has now arrived back with Magnet.
Bucharest, Romania, is believed to be the home base of Cicero. He may have connections to Belgium as well.
For a thorough analysis of Maine’s MLM potential, keep reading.
There are no resaleable goods or services offered by Magnet.
Magnet affiliate membership is the sole product that affiliates may promote.
Plan of Compensation for Magnet
Affiliates of Magnet guarantee investors an ROI of “up to” 0.75% every day.
Magnet provides eleven levels of investment:
$25 \s$50 \s$100 \s$250 \s$500 \s$1000 \s$2500 \s$5000 \s$10,000 \s$20,000 \s$50,000
The Magnet MLM division compensates for the acquisition of affiliate investors.
Ranks for Mainet Affiliates
The pay structure for Magnet has seventeen affiliate ranks.
They are as follows, along with their respective qualifying standards:
Starer: Join Magnet and make an investment Jade: Persuade others to make investments of $100 Silver: Persuade others to make investments of $300 Gold: Persuade others to make investments of $750 Pearl: Persuade others to make investments of $1500 Sapphire: Persuade others to make investments of $3,000
Ruby – personally have at least $50 invested, and have persuaded others to spend $7500
Emerald: personally invest at least $100 and persuade at least $15,000 in others. Platinum: personally invest at least $250 and persuade at least $30,000 in others. Diamond: personally spend at least $500 and persuade at least $75,000 in others.
Blue Diamond: personally put at least $1,000 into it and get others to put $150,000 into it.
Green Diamond – you have at least $2500 invested, and get others to contribute $300,000.
Red Diamond: personally have at least $5000 invested, and get others to put in $1,000,000
Black Diamond – personally have at least $10,000 invested, and get others to spend $3,000,000
Crown Diamond – personally have at least $20k invested, and get others to contribute $10m
Invested at least $50,000 directly and persuaded others to put in $20,000,000
Maintain a $50,000 minimum investment while persuading others to put in $50,000,000
Magnet uses a unilevel compensation structure 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.
Magnet has eleven unilevel team tiers where referral commissions are capped.
The following describes how referral commissions are paid as a proportion of the money invested over these 10 levels:
6% levels at level 1 (personally recruited affiliates). 2.5% and 3.0% levels levels of 4% to 6% 7.10 – 1.5% Bonus for Referrals
20% of each investment is kept aside by Magnet and used to pay out referral bonuses.
According to rank, the referral bonus is given out:
Beginners get a 4% referral bonus.
A 5% referral bonus is given to Jades.
There is a 6% referral bonus for Silvers.
A 7% Referral Bonus is given to Golds.
An 8% referral bonus is given to Pearls.
There is a 9% referral bonus for Sapphires.
A 10% referral bonus is given to Rubys.
Emeralds get an 11% referring bonus.
A 12% referral bonus is given to Platinum members.
Diamonds get a 13 percent referral bonus.
A 14% Referral Bonus is given to Blue Diamonds.
A 15% Referral Bonus is given to Green Diamonds.
A 16% Referral Bonus is given to Red Diamonds.
A 17% Referral Bonus is given to Black Diamonds.
There is an 18% referral bonus for Crown Diamonds.
Ambassadors get a 19% bonus for referrals.
A 20% referral bonus is given to Royal Ambassadors.
The referral bonus portion for the affiliate who brought in the new affiliate is given to them, and the remaining 20% is distributed upline to affiliates with higher ranks.
The same unilevel team referral commission payment system is used to track this (see “Referral Commissions” above).
For instance, if you are Platinum and bring on a fresh associate who invests. You receive a 12% referral bonus, leaving 20% less than 12% for payout, or 8%.
The system looks for a Diamond- or higher-ranked affiliate in the upline.
Consider that the person who hired you, your upline, is a Black Diamond. They receive 5% (Black Diamonds get 17%, you got paid 12%, thus there’s 5% left over).
The remaining 3% will be awarded to Crown Diamonds, Ambassadors, or Royal Ambassadors higher upline. What rank is identified first determines how the 3% is distributed.
It should be noted that a Royal Ambassador is always paid the entire 20% or the remaining owed percentage whether they are the recruiter or are found upline.
Bonus for Rank Ac
net offers the following one-time Rank Achievement Bonuses to affiliates that qualify at Jade and higher:
Earn $5 for qualifying at Jade, $10 for qualifying at Silver, $25 for qualifying at Gold, $25 for qualifying at Pearl, $75 for qualifying at Sapphire, $225 for qualifying at Emerald, $375 for qualifying at PlatinuMagnet0 for qualifying at Diamond, $2250 for qualifying at Blue Diamond, $3750 and an iPhone 13, $7500 for qualifying at Green Diamond, and $35,000 for qualifying at Red Diamond.
Membership in the Magnet Magnet affiliate program is free.
The linked income opportunity requires a minimum commitment of $25 to be fully participated in.
Under the preMagnetof investors acquiring “software licenses,” Magnet operates its passive investing program.
The permits are in line with alleged forex trading, which Magnet claims are where ROI payments come from.
The passive investment plan of Magnet qualifies as a securities offering.
As a result, Magnet must produce routinely audited financial reports and register with financial regulators.
The only method to confirm that Magnet pays affiliates using trading earnings is in this way.
Neither Magnet nor Ciprian Cicero was registered with any financial regulators as of the time of publishing.
This implies that Magnet and Cicero are at the very least engaging in securities fraud.
Magnet distributes MyFxBook data that it says indicates trading revenue to appear legitimate.
This is a typical MLM Ponzi scam strategy. It does not take the place of lawfully doing business and registering with financial regulators.
Right now, new investment is the sole verified source of income entering Magnet. Magnet is a Ponzi scam since it uses fresh investments to pay for ROI withdrawals.
As with all MLM Ponzi scams, the fresh investment within l ceases as soon as affiliate recruiting does.
As a result, Magnet will eventually fail from a lack of ROI income.
The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.
Don’t get taken in by Ciceu’s “trading” Ponzi scam again; we’ve previously seen it in action with BeTrader.