LAM fails to offer possession or government data on its web site.
LAM’s web site area (“cocaqq.com”), was first registered in 2018. The non-public registration was final up to date on October twenty sixth, 2021.
Via the Wayback Machine, we will see LAM’s web site area was used to illegally promote playing to Indonesians up till April 2023.
LAM’s present web site and MLM alternative went reside someday in late April.
If I needed to guess, LAM’s present web site homeowners bought the area in the direction of the top of April 2023. The area registration hasn’t been up to date, which is likely to be intentional.
It we have a look at LAM’s web site assist source-code, we discover it’s run on Meiqia software program.
Meiqia is a Chinese language software program firm primarily based out of Beijing. This implies whoever is operating LAM has ties to China.
As at all times, if an MLM firm will not be overtly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
LAM’s Merchandise
LAM has no retailable services or products.
Associates are solely in a position to market LAM affiliate membership itself.
LAM’s Compensation Plan
LAM associates make investments Pakistani rupees (PKR).
That is finished the promise of marketed returns:
- Assistant – make investments 4000 PKR and obtain as much as 160 PKR a day
- Employees – make investments 15,000 PKR and obtain as much as 600 PKR a day
- Tutor – make investments 50,000 PKR and obtain as much as 2000 PKR a day
- Supervisor – make investments 150,000 PKR and obtain as much as 6000 PKR a day
- Director – make investments 500,000 PKR and obtain as much as 20,000 PKR a day
- Basic Supervisor – make investments 1,500,000 PKR and obtain as much as 60,000 PKR a day
- CEO – make investments 4,000,000 PKR and obtain as much as 160,000 PKR a day
- Chairman – make investments 8,000,000 PKR and obtain 2,400,000 PKR per week
Observe that LAM restricts withdrawals primarily based on how a lot an affiliate has invested:
- Assistant tier associates can withdraw 1200 PKR or extra
- Employees tier associates can withdraw 5400 PKR or extra
- Tutor tier associates can withdraw 20,000 PKR or extra
- Supervisor tier associates can withdraw 80,000 PKR or extra
- Director tier associates can withdraw 300,000 PKR or extra
The MLM aspect of LAM pays on recruitment of affiliate buyers.
Referral Commissions
LAM pays referral commissions on invested PKR down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 10%
- stage 2 – 5%
- stage 3 – 3%
Observe that decrease tier associates don’t obtain stage 2 and three commissions on investments by larger tier associates.
E.g. when you’ve invested on the Supervisor tier and somebody invests on the Director tier in your stage 2 or 3, you gained’t earn a referral fee on their invested PKR.
ROI Match
LAM pays a ROI Match on each day returns paid down three ranges of recruitment (similar unilevel staff as referral commissions):
- stage 1 – 5% match
- stage 2 – 2% match
- stage 3 – 1% match
Observe that LAM associates who make investments on the Chairman tier additionally obtain an extra 10% on downline each day returns.
Becoming a member of LAM
LAM affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal 4000 PKR funding.
LAM solicits funding by means of bogus OnePay accounts:
These bogus accounts enable LAM to launder investor funds by means of Pakistani cost processors like EasyPaisa.
LAM Conclusion
LAM is one more “click on a button” app Ponzi scheme.
LAM’s “click on a button” Ponzi ruse is social media manipulation:
The introduced ruse is LAM associates are required to depart synthetic likes and feedback on social media content material (YouTube, FaceBook, Tik Tok, Instagram and many others.).
Upon doing so that they return into LAM’s app and click on a button. The extra a LAM affiliate invests the extra buttons they need to click on.
One thing one thing income, which is purportedly then shared with buyers.
If that is not sensible it’s as a result of it doesn’t. Clicking a button in an app has nothing to do with income era by way of social media manipulation.
In actuality clicking a button inside LAM does nothing. All LAM is doing is recycling newly invested funds to pay earlier buyers.
LAM is a part of a gaggle of “click on a button” app Ponzis that emerged in late 2021.
Examples of already collapsed “click on a button” app Ponzis utilizing the identical social media embody FocuStar, GoTik and AOL918.
Together with LAM, BehindMLM has to date documented seventy-seven “click on a button” app Ponzis. Most of them final just a few weeks to some months earlier than collapsing.
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving nearly all of buyers with a loss (inevitable Ponzi math).
The identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.
