QZ Asset Management: Ponzi Scheme Exploiting Innocents

 The multi-level marketing company QZ Asset Management is a massive fraud. They are also known as "QZ Invest," and their headquarters may be found in Guangzhou, China. We would like to issue a warning to the people who read this page to stay away from any kind of engagement with this con artist because they are very risky.

Blake Yeung is the phoney persona being used in this scheme. Despite the fact that he does not have any verifiable or traceable internet presence, this could be owing to the fact that the languages are different from one another.

In spite of the fact that QZ Asset Management does not yet have an official YouTube account, the company has been making a concerted effort to sell their advertisement videos across the internet.

Many of the people who were scammed by QZ Asset Management in 2021 are unaware that the company changed its name in 2021. Prior to that time, it had been operating under the name Qianze Asset Management.

Roger Sim, Julian D. Meyers, Panjal Chandra, and Andrei Petrov are a few of the other prominent figures that have been linked to the QZ Asset Scam.

As of right now, their website may be seen at qzinvest.com. Be careful of the fact that fraudulent multi-level marketing schemes like this one frequently alter the domain name under which they do their business.

We are able to determine from Who.is that this domain was registered in the year 2016, but after researching the history of the domain on the Web Archive, we discovered that it has only been operational since the year 2021.

In spite of this, the company asserts that it has been operating for more than ten years, which is categorically not the case.

Products
They do not provide any services or products that are available for retail sale. There is only one type of membership available, which is their QZ affiliate membership, which is marketed by their marketers and affiliates.

How QZ Asset Management Deals with Employee Pay and Benefits
They claim that if you invest between $100 and $900 in QZ Basic, you will receive a return of 1.75 percent every week, however if you invest $1,000 or more in QZ Elite, you would gain 3.5 percent per week. Their maximum return on investment is 400%; all money earned after that must be reinvested in order to maintain a steady flow of revenue.

Does it appear to be too good to be true?

Because it is.

Affiliates who remove their earnings in less than 91 days are subject to additional fees. If a withdrawal is made during the first 30 days, then a fee equal to fifty percent of the amount withdrawn will be assessed. For 31–60 days, there is a fee of 25%, and for 61–90 days, there is a fee of 10%.

Positions Held Within the QZ Asset Management Affiliate Program
Within the framework of this MLM's compensation structure, there are a total of 5 affiliate ranks available. You probably figured correctly that it is a pyramid scam, and the ranking system is structured in the same way.

Rank 1 – $3000 (residual commissions) (residual commissions)

Vice President – $6000 (residual commissions)

Senior Vice President – $20,000 (residual commissions)

Executive Vice President – $50,000 (residual commissions)

$150,000 for the director position (residual commissions)

In addition to this, they provide a bonus based on rank achievements:

Rank 1: The position for an investment of $500

Samsung Galaxy S22 Vice President of Sales and Marketing

Senior Vice President of Rolex DateJust Operations and Marketing

Executive Vice President – Rolex Submariner

Director – Mercedes-Benz GLC

Illicit Behavior on the Part of QZ Asset Management
Previously, we talked about how QZ Asset Management was formerly known as Qianze Asset Management. 2019 marked the year of their debut in South Korea. But it was not long before it went bankrupt in 2021, and after that it changed its name to QZ Asset Management.

They have only recently begun marketing themselves, having done so for the first time since September 2022, and their primary markets are South America and Africa. Due to the low levels of money and knowledge found in each of these areas, MLM con artists frequently target them as potential victims.

It is claimed that QZ Asset Management has been in business since 2012; however, if this is the true, then their weekly return of 3.5% ought to have made them billionaires by now.

They are also not subject to any regulation. In spite of the fact that they insist they are AMAC-registered (Asset Management Association of China). The fact that AMAC is a self-regulated organisation renders this registration completely pointless because it is not a regulatory entity like the SEC.

In China, it is against the law to operate a multi-level marketing organisation without first registering, which is why QZ Asset Management has not registered in that country. They are not evidence that the CSRC registration was completed.

QZ Asset Management is engaging in fraudulent activity involving securities. MLM businesses such as this one frequently lend themselves to the operation of a Ponzi scheme.

QZ Asset Management, like all previous Ponzi schemes, is certain to fail since the numbers don't match up.

Misleading Paid Public Relations and Online Manipulation Are Some Of QZ Asset Management's Dirty Little Secrets
Right now, if you Google "QZ Asset Management," you will see results that are comparable to the following:

QZ Asset Management Review


At first glance, it's possible that you won't notice anything particularly problematic about them. However, a significant amount of Google manipulation is taking place here. The Google results that are highlighted in the screenshot below are slanted news articles that were purchased through a public relations firm by a member of the marketing team at QZ Asset Management in exchange for being featured on the websites.


We take it for granted that Yahoo! and Bloomberg.com are reliable sources of information, so nobody bats an eye when they are mentioned. On the other hand, online PR firms make it possible for virtually anyone to have an article published on one of these websites in exchange for a charge. These services are typically utilised by owners of small businesses as well as influential individuals. However, this does not prevent con artists from employing this as part of their scams.

The victims of QZ Asset Management are being given a false sense of security and social proof through the use of these biassed PR articles, which are being used by QZ Asset Management. The majority of the time, the people who are victimised are unaware of the distinction between press releases and news coverage. Con artists will take advantage of this fact.

Comments

Popular posts from this blog

Blake Yeung MLM Scammer