Bitrobix’s website doesn’t say who owns the company or who runs it.
The domain name for Bitrobix’s website, “bitrobix.com,” was registered privately on February 22, 2022.
The official Facebook page for Bitrobix was made on April 13, 2022. Most of the page’s work is done in India.
Bitrobix has hired an actor to play “Paul McShane” as its CEO instead of just being honest about it:
Bitrobix’s website doesn’t have the video ad shown above. It was put up on Bitrobix’s official YouTube channel on December 15.
The video is typical of what Boris CEO does. At first, I thought it might have been filmed in a rented office space somewhere in Central or South America.
In a second video called “Success yacht party” on Bitrobix’s YouTube channel, we can see “Viatena” written on a bus.
Viatena is a transport company in Colombia that is based in the city of Cartagena.
Going back to Bitrobix’s “Success yacht party,” they show us drone footage of the location at [3:33]:
I was able to narrow it down to the coast of Cartagena:
If you want to look it up yourself, the exact coordinates are 10.419856889651188, -75.55120891963442.
The building with the round roof is called “La Tienda de Parques Nacionales,” and “Monumento Santander” is in the middle of the roundabout. If you look up either of these places, you’ll need to add “Cartagena” to the end.
We now have a few ideas about who is in charge of Bitrobix:
Russian scammers who hired Colombian actors to front their Ponzi scheme (Boris CEO scams usually operate out of Eastern Europe); Colombian scammers; Colombian and/or Russian scammers who hired Indians to manage Bitrobix’s social media profiles; or Colombian, Russian, and/or Indian scammers working together.
To hide who really owns Bitrobix, the company offers incorporation certificates for shell companies in Colorado, the UK, and Canada.
When it comes to MLM due diligence, setting up a shell company anywhere is pointless.
If an MLM company isn’t clear about who owns or runs it, you should always think twice before joining or giving them any money.
Bitrobix has no products or services that can be sold.
Affiliates can only promote their own Bitrobix affiliate membership.
Bitrobix’s Compensation Plan
Affiliates of Bitrobix put money in with the promise of advertised returns:
BRX1: Invest $30 to $999 and get 1% to 2% a day for 250 days. You’ll get back 100% of your initial investment.
BRX2: Invest between $10,000 and $49,999 and get between 2% and 3% back every day for 275 days.
BRX3: Invest between $50,000 and $99,999 and get 3% to 4% back on your money every day for 300 days.
All ROI withdrawals from Bitrobix are charged a 10% fee. For MLM commissions, there is a 9% fee to withdraw the money.
The MLM part of Bitrobix makes money when affiliate investors are brought on board.
Commissions for referrals
Bitrobix gets a cut of the money invested by affiliates it has personally recruited.
Rates of referral commission depend on how much a Bitrobix affiliate has put into the business:
Affiliates in the BRX1 tier get 8% of what their referrals make.
Affiliates on the second tier, or BRX2, get a 9% referral commission rate.
Affiliates on the third level, or BRX3, get a 10% referral commission rate.
Commissions that don’t end
Bitrobix has a binary compensation structure that lets it pay referral commissions.
A binary compensation structure puts an affiliate at the top of a binary team, which is split into two sides (left and right):
There are two positions on the first level of the binary team. The second level of the binary team is made by splitting the first two positions into two more positions each (4 positions).
The next levels of the binary team are made as needed. Each new level has twice as many positions as the one before it.
Affiliates are hired for positions on the binary team in both direct and indirect ways. Note that a binary team can grow as deep as it wants.
At the end of each day, Bitrobix adds up the amount of money that was invested on both sides of the binary team.
Affiliates get a share of the money made on the side of their weaker binary team.
How much of a percentage an affiliate gets back depends again on how much they have put in:
Affiliates in the BRX1 tier get an 8% rate of residual commission.
Affiliates on the BRX2 level get paid a 9% residual commission rate.
Affiliates on the third level, or BRX3, get a 10% residual commission rate.
Once the payout has been made, the volume is matched with the stronger binary team side and the hand is flushed.
Any extra volume on the side of the stronger binary team stays there.
Bitrobix gives affiliates the following for bringing in other affiliates:
If you bring in 10 affiliates, you’ll get a $30 investment position.
Find 25 affiliates and you’ll get a $50 investment position.
If you bring in 50 affiliates, you’ll get a $100 investment position plus $30 that you can cash out. If you bring in 100 affiliates, you’ll get a $500 investment position plus $100 that you can cash out.
Affiliates you bring in must invest in order to count.
Bonuses for downline investments
Bitrobix gives affiliates the following for bringing in investments from their downlines in the binary team:
generate $5,000 in downline investments and get a $500 investment position; generate $15,000 in downline investments and get a $500 investment position plus $100 you can withdraw; generate $30,000 in downline investments and get a $1000 investment position plus $500 you can withdraw; generate $50,000 in downline investments and get a $1000 investment position plus $500 you can withdraw.
If your downline invests $50,000, you can take out $1,000 and get a “2% Cash Sales Bonus” as well.
Recruit 150 people who invest $150,000, and you’ll get a “4% Cash Bonus” and a phone.
generate $300,000 in downline investments and get a “6% Cash Bonus” and an unspecified motorbike. generate $500,000 in downline investments and get a “6% Cash Sales Bonus” and an unspecified car. generate $700,000 in downline investments and get a “8% Cash Sales Bonus” and a trip to Switzerland. generate $1,000,000 in downline investments and get a “10% Cash Sales Bonus” and a “automobile gift.”
Joining Bitrobix is free, and so is becoming an affiliate.
To fully take part in the attached income opportunity, you must invest at least $30.
The more a Bitrobix affiliate puts in, the more money they could make.
Bitrobix uses the usual “artificial intelligence” Ponzi scheme nonsense to market itself:
We are experts at putting the best technologies to use in many different fields.
Investing in this artificial intelligence is a great idea because it is growing so quickly.
Bitrobix uses its AI to make money through forex bullion, crypto mining, NFTs, and the metaverse. In other words, almost every marketing buzzword for a Ponzi scheme.
The most interesting thing about Bitrobix is its link to Colombia. Other than that, Bitrobix is a Boris CEO-style Ponzi scheme.
In 2022, MLM Ponzi schemes caused a lot of damage in Colombia. This trend keeps going, and it looks like scammers are now starting Ponzi schemes from within Colombia itself.
Colombia does have a financial regulator in its Superintendencia Financiera (SFC). If 2022 is any indication, though, Superintendencia Financiera doesn’t have the tools to stop the widespread fraud in Colombia.
As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops.
This will stop Bitrobix from getting ROI money, which will eventually cause it to fail.
The math behind MLM Ponzi schemes makes it clear that most people will lose money when they fail.