QZ Asset Management is a financial investing MLM company.
The firm is also known as QZ Invest and is situated in Guangzhou, China.
Blake Yeung is said to be the CEO of QZ Asset Management.
Yeung has no traceable digital imprint. Language problems might be at blame.
While QZ Asset Management does not have an official YouTube account, promotional films show Yeung with a typical Hong Kong “British” English accent.
Prior to renaming in 2021, QZ Asset Management was known as Qianze Asset Management.
Other executives listed on the QZ Asset Management website are:
Regional Director Roger Sim
Panjal Chandra – Systems Development Director
Julian D. Meyers – Credit Risk Management Director
Andrei Petrov – System Security Director
I was unable to confirm if any of these folks exist.
QZ Asset Management is based on the domain name (“qzinvest.com”).
Private registration, as cross-referenced with the Wayback Machine, indicates that Qianze Asset Management purchased the domain in 2021.
Despite the fact that it has only been operational since roughly 2019, QZ Asset Management fraudulently claims to have been around “for more than ten years.”
Continue reading for a thorough examination of QZ Asset Management’s MLM prospect.
Products from QZ Asset Management
QZ Asset Management does not provide any retailable items or services.
Affiliates can only advertise QZ Asset Management affiliate membership.
The Compensation Plan of QZ Asset Management
Affiliates of QZ Asset Management invest funds based on the prospect of a promised ROI:
QZ Basic: Invest $100 to $900 and get 1.75% every week.
QZ Elite – Invest $1000 or more and earn 3.5% every week.
Returns are capped at 400% by QZ Asset Management, beyond which reinvestment is necessary to continue earning.
MLM commissions are subject to the 400% ROI cap.
Also, affiliates that remove invested cash before 91 days are penalized by QZ Asset Management:
Withdrawals during the first 30 days incur a 50% charge; withdrawals between 31 and 60 days after investing incur a 25% cost; and withdrawals between 61 and 90 days incur a 10% fee.
QZ Asset Management’s MLM business is based on the recruitment of affiliate investors.
Affiliate Rankings for QZ Asset Management
QZ Asset Management’s incentive scheme includes five affiliate tiers.
They are as follows, along with their respective qualification criteria:
Earn $3000 in cumulative residual commissions if you are ranked first.
Vice President – earn $6000 in residual commissions.
Earn $20,000 in cumulative residual commissions as a Senior Vice President.
Earn $50,000 in cumulative residual commissions as an Executive Vice President.
Earn $150,000 in residual commissions as a director.
Commissions for Recommendation
Affiliates of QZ Asset Management get 10% of monies invested by personally recruited affiliates.
QZ Asset Management uses a binary compensation scheme to award residual commissions.
In a binary compensation system, 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).
As needed, subsequent levels of the binary team are constructed, with each successive level containing twice as many spots as the preceding level.
Positions on the binary team are filled through direct and indirect affiliate recruiting. It should be noted that there is no limit to how deep a binary team may develop.
QZ Asset Management totals fresh investment volume on both sides of the binary team at the conclusion of each day.
Affiliates are rewarded 10% of new funds invested on the side of their inferior binary team.
When monies are paid out, they are matched against the stronger binary team side and flushed. Any uninvested volume on the stronger binary team side is carried through.
Bonus for Rank Achievement
QZ Asset Management offers the following one-time Rank Achievement Bonuses to affiliates that qualify at Rank 1 or higher:
qualified for Rank 1 and a $500 investment position
qualify for the position of Vice President and earn a Samsung Galaxy S22
qualify for the position of Senior Vice President and receive a Rolex Date
Simply qualify for the position of Executive Vice President and you will win a Rolex Submariner.
Joining QZ Asset Management after qualifying as a Director and receiving a Mercedes-Benz GLC
Affiliate membership with QZ Asset Management looks to be free.
A $100 initial commitment is required to fully participate in the associated income potential.
Conclusion of QZ Asset Management
Qianze Asset Management’s first 2019 debut was aimed at South East Asia, specifically South Korea.
When Qianze Asset Management went bankrupt (about 2021), the firm relaunched as QZ Asset Management.
This occurred in late 2021. QZ Asset Management did nothing for the remainder of 2021 and most of 2022.
QZ Asset Management aimed to resurrect itself in October 2022 by focusing on low-hanging fruit in South America and Africa.
SimilarWeb presently measures little QZ Asset Management website traffic, implying that the reboot has not taken hold.
The pretense underlying QZ Asset Management’s results as an MLM firm is the same old AI trading trash that every Ponzi uses:
We have continually achieved great growth momentum in all market situations thanks to our patented and award-winning fintech solution, the QZ Big Data and Artificial Intelligence (BDAI) analytics.
If we accept QZ Asset Management’s claim that “we’ve been around since 2012,” at 3.5% each week, shouldn’t they be the wealthiest people in the globe by now?
To look genuine, QZ Asset Management claims to be a member of the Asset Management Association of China (AMAC).
According to the Wikipedia page for AMAC;
The Asset Management Association of China (“AMAC”) is a self-regulatory organization of Chinese fund management firms.
This demonstrates that QZ Asset Management’s registration with AMAC is useless. This is true regardless of whether or not QZ Asset Management has registered.
AMAC is not a financial regulatory agency. The China Securities Regulatory Commission regulates securities in China.
Given that MLM is banned in China unless you have a license, it’s not surprise that QZ Asset Management doesn’t give proof of CSRC registration. In addition, the corporation fails to submit any audited financial records.
QZ Asset Management likewise fails to produce evidence of registration with financial regulators outside of China.
What is the significance of this?
Because it implies that QZ Asset Management is engaging in securities fraud. MLM businesses that conduct securities fraud are more likely to execute a Ponzi scheme.
As with other MLM Ponzi schemes, once affiliate recruiting is exhausted, fresh investment will dry up.
This will deprive QZ Asset Management of ROI revenue, causing the company to fail.
Ponzi schemes’ logic ensures that when they fail, the vast majority of participants lose money.