Back in 2020, EndoTech put out a Ponzi scheme called Daisy AI.
EndoTech said it was an Israeli company run by Anna Becker and Dmitry Gushchin who used bots to trade cryptocurrency.
On December 3, 2020, BehindMLM looked at Daisy AI. We found a typical MLM crypto Ponzi scheme that was trying to look like “equity crowdfunding.”
Since our review came out, EndoTech has become known as a company that helps other businesses commit securities fraud.
Daisy AI is one of these businesses, and Jeremy Roma has become its public face.
Roma was probably always behind Daisy AI, but when Daisy AI came out, this was hidden.
Roma feels better about hanging out with Daisy AI now that he has scammed a lot of people and hidden some of the money he stole.
Roma is an American who moved to Dubai so that he could start committing crypto fraud. Roma now splits his time between Dubai and the US. This is because he is getting more and more sure that he can get away with fraud.
Roma got her start in MLM when she sold coffee at Organo Gold. BehindMLM met Roma in Apex in 2019, a year before Daisy AI came out.
Apex was a Ponzi scheme that took $13,750 and five years to pay out. Apex’s first version was only around for a few months.
Roma tried to use former OneCoin scammers to keep the Ponzi scheme going, but that didn’t work for long.
Holton Buggs, the disgraced founder of Organo Gold who went on to become a crypto Ponzi scammer in his own right, helped Roma make the switch to crypto fraud in or around 2018.
Daisy AI has failed many times since its 2020 launch. BehindMLM hasn’t really been keeping track of how Daisy AI has been falling apart, but we did write about the “daisy token” exit scam in 2021.
Daisy Forex, which came out in or around April 2022, is the most recent version.
Today, we’re going to talk about this version of Daisy Forex.
What Daisy Forex Sells
Daisy Forex has no products or services that can be sold.
Affiliates can only promote their own Daisy Forex affiliate membership.
Plan for how Daisy Forex will get paid
Affiliates of Daisy Forex invest tether (USDT) with the hope of getting a passive return on investment (ROI) from bot trading.
- Tier 1: Invest 100 USDT and get a 50% share of trading income.
- Tier 2: Put in 200 USDT and get a 50% share of trading profits.
- Tier 3: Invest 400 USDT and get 70% of the trading income.
- Tier 4: Invest 800 USDT and get 70% of the trading income.
- Tier 5: Invest 1600 USDT and get 70% of the trading income. This can go up to 90% if you invest another 1600 USDT.
- Tier 6: Invest 3200 USDT and get 70% of the trading income. This can go up to 90% if you invest another 3200 USDT.
- Tier 7: Invest 6400 USDT and get 70% of the trading income. This can go up to 90% if you invest another 6400 USDT.
- Tier 8: Invest 12,800 USDT and get 70% of the trading income. This can go up to 90% if you invest another $12,800 USDT.
- Tier 9: Invest 25,600 USDT and get 70% of the trading income. This can go up to 90% if you invest another $25,600 USDT.
- Tier 10: Invest 51,200 USDT and get 70% of the trading income. This can go up to 90% if you invest another $51,200 USDT.
- Daisy Forex’s investment tiers add up, so you have to invest in them one after the other.
Affiliates of Daisy Forex can continue to invest $51,200 amounts at Tier 10.
Shares of stock
Daisy Forex puts 5% of all the USDT the company has invested into an equity share pool.
Affiliates who put money into this pool get money based on how many shares they have in the pool.
- $200 USD
- Affiliates in the T investment tier each get 1 share
$400 USD - Affiliates in the T investment tier get 2 shares
$800 USD - Affiliates who invest at the T level get 4 shares.
$1600 USD
\Affiliates who invest at the T level get 8 shares - $3200 USD
- Affiliates in the T investment tier are given 16 shares.
$6400 USD - Affiliates in the T investment tier are given 32 shares.
$12,800 USD - Affiliates in the T investment tier are given 64 shares.
$25,600 USD - Affiliates in the T investment tier are given 128 shares.
$51,200 USD - Affiliates in the T investment tier are given 256 shares.
As with Daisy Forex’s investment plan, equity shares add up as more money is put into higher tiers.
Note that if you invest twice from Tier 5 and up, you get twice as many shares at these levels.
Commissions for referrals
Affiliates of Daisy Forex get a 5% commission on all USDT invested by affiliates they brought in.
Commissions that don’t end
Daisy Forex pays residual commissions via a 3×10 matrix.
A Daisy Forex affiliate is at the top of a 310 matrix, and there are three positions directly below them:
The first level of the matrix is made up of these three spots. The second level of the matrix is made by dividing each of the first three positions into another three positions (9 positions).
The third through tenth levels of the matrix are made the same way, with each new level having three times as many positions as the last.
Each level of investment in Daisy Forex is the same as a different 310 matrix. So, if an affiliate of Daisy Forex has invested in each of the ten tiers, they will be a part of ten 310 matrices.
Affiliates who are put into a matrix can be recruited in two ways.
Residual commissions are paid as a percentage of the USDT that downline affiliates recruited into the matrix invest.
Residual commission rates are the same for all ten levels of the matrix, but they go up as more levels are reached.
Affiliates earn money on all ten levels of the matrix for Daisy Forex Investment Tier 1:
- On matrix levels 1 and 2, a 4% residual commission rate is paid.
- On matrix levels 3 through 10, there is a 2% residual commission rate.
- From levels 2 to 10 of investment, levels 3 to 10 of the matrix must be unlocked by meeting more criteria.
Note that as people move up in the matrix, the overall residual commission rates for all tiers change.
- Level 3 of the matrix is reached by getting three investors and $1000 in downline investment volume. Commissions on levels 1 and 2 go down to 3% and on levels 3 through 10 they go down to 1.5%. Level 4 of the matrix is reached by getting six affiliate investors and $2000 in downline investment volume.
- You can get to level 5 of the matrix by getting 9 affiliate investors and $4,000 in downline investment volume.
- You can get to level 6 of the matrix if you get 12 affiliate investors and $8,000 in downline investment volume.
- You can move up to level 7 of the matrix by getting 15 affiliate investors and $16,000 in downline investment volume.
- Level 8 of the matrix is reached by getting 18 affiliate investors and $32,000 in downline investment volume. Level 9 of the matrix is reached by getting 21 affiliate investors and $64,000 in downline investment volume. Commissions are raised to 4% on levels 1 and 2 and 2% on levels 3 to 10. Level 10 of the matrix is reached by getting 24 affiliate investors and $128,000 in downline investment volume.
- If the above requirements aren’t met, affiliates can only make money on the first and second levels of their matrix tiers.
Matching Bonus for Continued Sales
Affiliates of Daisy Forex get a 10% match on residual commissions made by affiliates they brought in.
Bonus for ROI Matching
A single-level compensation plan is used to pay out the ROI Matching Bonus by Daisy Forex.
With a unilevel compensation structure, an affiliate is at the top of a unilevel team, and every other affiliate they personally recruit is right under them (level 1):
If an affiliate on level 1 brings in new affiliates, those new affiliates join the original affiliate’s unilevel team on level 2.
If any level 2 affiliates bring in new affiliates, they move to level 3, and so on until there are no more levels to go down.
Daisy Forex puts a cap on the amount payable to unilevel teams at 10:
level 1 (affiliates you recruited yourself) = 3.5% ROI match levels 2 through 10: 1%
Pacesetter Pool of Gold Bonuses
Daisy Forex’s Pacesetter Gold Bonus Pool is paid for by 1.8% of all investments made by the company and 1.25% of all returns made by the company.
To get a piece of the Pacesetter Gold Bonus Pool, a Daisy Forex affiliate must find and convince at least 24 other affiliates to invest at least $128,000 USDT.
The requirements for the Pacesetter Gold bonus pool must be met within the first 30 days of being a Daisy Forex affiliate.
Pacesetter Bonus Pool for Leaders
The Pacesetter Leader Bonus Pool at Daisy Forex is paid for by 1.8% of all company investments and 1.25% of all company returns.
For a Daisy Forex affiliate to be eligible for a share of the Pacesetter Leader Bonus Pool, they must personally recruit three affiliates who have qualified for the Pacesetter Gold bonus pool (see above).
Affiliates of Daisy Forex can get as many Pacesetter Leader Bonus Pool shares as they want.
Pool of Forex Builder Bonuses
The money for the Forex Builder Bonus Pool comes from:
- a Daisy Forex account worth $500,000
- 5% of all investments with two levels are in tiers 5 and 10.
- 4% of the money that Daisy Forex puts into tiers 1 and 2
- 2.7% of the money Daisy invested in Forex across all tiers 3 to 10
- any residual commissions that can’t be paid out because affiliates don’t meet the requirements for all ten levels (presumably split with the Forex Achievers Bonus Pool)
- Every month, money is taken out of the Forex Builder Bonus Pool.
Affiliates of Daisy Forex can get a share of the pool each month if they get affiliates they recruited to invest $5000 USDT the month before (up to 70% of which can come from a single recruited affiliate).
A Forex Builder Bonus Pool is given out for every $5000 USDT that is counted.
If a Daisy Forex affiliate earns 4 or more shares in the Forex Builder Bonus pool, their share amount is doubled for that month. If a Daisy Forex affiliate earns 4 or more shares for three months in a row, those shares are made permanent.
The Bonus Pool for Forex Achievers
This is what pays for the Forex Achievers Bonus Pool.
- a Daisy Forex account worth $500,000
- 5% of all investments with two levels are in tiers 5 and 10.
- 4% of the money that Daisy Forex puts into tiers 1 and 2
- 2.7% of the money Daisy invested in Forex across all tiers 3 to 10
- any residual commissions that can’t be paid out because affiliates don’t meet the requirements for all ten levels (presumably split with the Forex Builder Bonus Pool)
- Every month, the Forex Achievers Pool gives out money.
To get a share of the Forex Achievers Bonus Pool, a Daisy Forex affiliate must have brought in 24 affiliates who have put at least $128,000 USDT between them.
Affiliates of Daisy Forex can get a share of the pool when an affiliate they recruited qualifies for the Pacesetter Gold Bonus Pool and meets those requirements.
Shares in the Pacesetter Gold Bonus Pool don’t run out.
When Daisy Forex
There is no cost to become an affiliate of Daisy Forex.
To fully take part in the attached income opportunity, you need to invest $102,300.
Daisy Forex asks for money to be put into tether (USDT).
The End of Daisy Forex
Daisy Forex’s MLM opportunity is based on the same basic idea that Daisy AI was founded on two years ago.
Daisy Forex’s plan to get people to invest is still trading through EndoTech. Here’s what 2020 has to say:
(Anna Becker’s) teams of AI scientists run more than 20 proprietary AI systems that are used by more than 150 investment firms in the US, Europe, and Asia as the backbone of their trading using AI.
Cryptocurrency was the first trading scam. That was traded for foreign currency last year.
Today, the only things left on Daisy Forex’s website are a link to a marketing video on YouTube, a link to download the app, and a link to Daisy Forex’s Telegram group.
Through Jeremy Roma, DaisyForex is connected to the US. Outside of the US, Hungary (20%), Spain (18%), Egypt (8%) and Russia (6%) are the top countries that send people to Daisy Forex’s website.
Daisy Forex says it makes money from outside sources through forex trading since 2020, but it is not registered in any jurisdiction to offer securities or trade commodities. Both are not EndoTech.
Daisy Forex’s sale of virtual shares in EndoTech is also a form of securities fraud.
To quote Jeremy Roma from a marketing presentation for Daisy Forex;
At Tier 10, you’d have more than 71,000 USDT to put into live trading.
You would have more than 400 shares in EndoTech before the company went public.
EndoTech is still not on any public list, even though this nonsense has been going on for two years.
Since there is no trading, Daisy Forex and EndoTech decide to commit securities and commodities fraud. Or at least not enough to keep up the returns that Daisy Forex promised.
All Daisy Forex does is use the money that new investors put in to pay off other investors. Over the past two years, this Ponzi scheme has failed, and all Jeremy Roma has done is start over with new smart contracts.
Like every previous version of Daisy Forex, when affiliate recruitment stops, so will new investment.
This will stop Daisy Forex from getting money from ROI, which will eventually cause it to fail.
As far as I know, previous versions of Daisy Forex have failed because the returns went down to zero. Then a new chance comes along, and the past losses are forgotten.
No matter how many times Daisy Forex starts over, math is math, and math says that most people who join Ponzi schemes will lose money in the end.
