GoBets fails to offer possession or government info on its web site.
In truth as I write this, GoBets’ web site is nothing greater than an affiliate login/register kind:
This can be a main purple flag.
GoBets’ web site area (“gobets.stay”), was privately registered on January sixteenth, 2024.
Additional analysis reveals GoBets advertising citing “Leonardo Fontes” as CEO.
On social media Fontes goes by Leo Fonttes:
Fonttes, a closely tattooed Brazilian who lives/lived in Thailand, claims he’s performed skilled soccer in 19 nations.
So far as I can inform Fonttes has no MLM expertise. He doesn’t seem to have any government expertise, interval.
This makes Fonttes a chief Boris CEO candidate.
As of Could 2024, SimilarWeb tracked high sources of site visitors to GoBets as Russia (70%), Ukraine (9%) and Armenia (5%).
Russia’s site visitors dominance is sufficient to counsel whoever is operating GoBets is probably going from and/or has ties to Russia. This ties in with Fonttes being a Boris CEO (an actor paid to fake to be an MLM government).
Fonttes additionally seems to have ties to Dubai:
As a result of proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s pointers for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm relies out of or represents it has ties to Dubai, it’s a rip-off.
If you wish to know particularly how this is applicable to GoBets, learn on for a full evaluation.
GoBets’ Merchandise
GoBets has no retailable services or products.
Associates are solely in a position to market GoBets affiliate membership itself.
GoBets’ Compensation Plan
GoBets associates make investments tether (USDT). That is completed on the promise of an marketed 250% ROI:
- make investments 20 USDT and obtain 50 USDT
- make investments 60 USDT and obtain 150 USDT
- make investments 100 USDT and obtain 250 USDT
- make investments 200 USDT and obtain 500 USDT
- make investments 600 USDT and obtain 1500 USDT
- make investments 1000 USDT and obtain 2500 USDT
- make investments 2000 USDT and obtain 5000 USDT
- make investments 6000 USDT and obtain 15,000 USDT
- make investments 10,000 USDT and obtain 25,000 USDT
- make investments 20,000 USDT and obtain 50,000 USDT
Returns look like paid day by day and are tied to “day by day operations” (pointless duties).
The person can purchase as many contracts as they wish to perform day by day operations and enhance income.
The MLM aspect of GoBets pays on recruitment of affiliate buyers.
GoBets Affiliate Ranks
There are 5 ranks in GoBets’ compensation plan.
Together with their respective qualification standards, they’re as follows:
- Fan – generate 20,000 USDT in personally recruited affiliate funding
- Participant – generate 40,000 USDT in personally recruited affiliate funding
- Coach – generate 100,000 USDT in personally recruited affiliate funding
- Director – generate 500,000 USDT in personally recruited affiliate funding
- President – generate 1,000,000 USDT in personally recruited affiliate funding
Referral Commissions
GoBets pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned instantly below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
GoBets caps payable unilevel group ranges at 5.
Referral commissions are paid as a proportion of funds invested throughout these 5 ranges as follows:
- degree 1 (personally recruited associates) – 10%
- degree 2 – 2%
- ranges 3 to five – 1%
ROI Match
GoBets pays a ROI match on day by day returns paid to recruited associates.
The ROI Match is paid out utilizing the identical unilevel compensation construction referral commissions are paid out with (see “referral commissions” above).
Whereas GoBets solely pays referral commissions down 5 unilevel group ranges nevertheless, the ROI Match is paid down twelve ranges:
- degree 1 – 20% match
- ranges 2 and three – 15% match
- degree 4 – 10% match
- ranges 5 to 12 – 5% match
Rank Achievement Bonus
GoBets rewards associates for qualifying at Fan and better with the next one-time Rank Achievement Bonuses:
- qualify at Fan and obtain 1000 USDT
- qualify at Participant and obtain 2000 USDT
- qualify at Coach and obtain 10,000 USDT
- qualify at Director and obtain 50,000 USDT plus a bonus 2% in referral commissions (personally recruited associates solely)
- qualify at President and obtain 100,000 USDT plus an iPhone, MacBook, “shirt”, “hueso” (interprets to English as “bone”) and a bonus 5% in referral commissions (personally recruited associates solely)
Becoming a member of GoBets
GoBets affiliate membership is tied to a minimal 20 USDT funding.
GoBets Conclusion
GoBets instantly presents itself as a rip-off by means of its web site being a login/registration kind.
Analysis into GoBets’ enterprise mannequin and hooked up MLM alternative, reveals a basic task-based Ponzi and pyramid scheme.
There are references to “inserting bets” in GoBets’ advertising. When coupled with the soccer advertising theme, this means GoBets ties day by day returns to inserting fictional bets.
Because it stands the one verifiable income getting into Gobets is new funding. Utilizing new funding to pay GoBets affiliate’s a 250% return would make it a Ponzi scheme.
Nothing is marketed or offered to retail clients inside GoBets. This makes the MLM aspect of GoBets a pyramid scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve GoBets of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.
