Blake Yeung MLM Scammer

 The QZ Asset Management MLM scheme is massive. They are located in Guangzhou, China, and also go by the moniker "QZ Invest." We feel it necessary to advise visitors to the website that engaging with this scammer is highly risky.

This con is being perpetrated by a man named Blake Yeung. Maybe it's because of the language barriers, but he doesn't seem to have a verifiable or trackable online presence.

QZ Asset Management has been aggressively promoting its commercial films over the internet, despite the fact that they do not yet have an official YT handle.

Its victims include many who have no idea that QZ Asset Management changed its name in 2021. Prior to that, it was known as Qianze Asset Management.

Roger Sim, Julian D. Meyers, Panjal Chandra, and Andrei Petrov are other major players in the QZ Asset Scam.

The current URL for their site is qzinvest.com. Be aware that MLM scams like this one frequently switch around the domain name under which they operate.

According to Who.is, this domain was created in 2016, however when we looked into its past on the Internet Archive, we discovered that it had actually been inactive until 2021.

Despite this, the company falsely claims to have existed for more than a decade.

Products
They do not provide a service or sell a product that can be bought and sold. Marketers and partners solely push the QZ affiliate membership.

Compensation Management at QZ Asset
They promise 1.75% weekly returns on investments between $100 and $900 in QZ Basic, and 3.5% weekly returns on investments of $1,000 or more in QZ Elite. Their maximum return on investment is 400%, thus all earnings above that must be reinvested.

That good to be true, right?

Simply put, because that's the case.

If an affiliate requests a withdrawal of their earnings before 91 days, they will be subject to a penalty. A 50% penalty is assessed for any withdrawals made in the first 30 days. Fees of 25% apply between 31 and 60 days, while fees of 10% apply between 61 and 90 days.

QZ Asset Management's Affiliate Structure
This multilevel marketing organisation has a tiered affiliate income structure with a total of five affiliate tiers. You probably figured correctly that this is a pyramid scam, and the ranking structure reflects this.

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

$1,000 for Vice President (residual commissions)

Chief Operating Officer: $40,000 (residual commissions)

Position of Executive Vice President: $50,000 (residual commissions)

Money for the Director: $200,000 (residual commissions)

On top of that, they offer a bonus for reaching a certain level of rank:

Top Spot, $500 Investment

An Official of the Samsung Galaxy S22 Vice President's Office

A Senior Vice President, Rolex DateJust

Director of Operations, Rolex Submariner

In charge of the GLC Mercedes-Benz

False QZ Asset Management Claims
QZ Asset Management was formerly known as Qianze Asset Management. In 2019, they debuted in South Korea. But it went bankrupt in 2021 and reemerged as QZ Asset Management.

They resumed advertising in September 2022, with a focus on the African and South American markets. Due to a lack of wealth and education, both of these areas are common targets for MLM scammers.

If QZ Asset Management has been in business since 2012 as they claim, then their weekly return of 3.5 percent would have made them billionaires a long time ago.

In addition, there are no rules governing them. Despite their claims of AMAC membership (Asset Management Association of China). Since AMAC is a self-regulatory organisation and not subject to oversight by a government agency like the SEC, its registration is meaningless.

QZ Asset Management has not registered in China because it is against the law for multi-level marketing businesses to operate without registration. Those documents do not serve as evidence of CSRC membership.

The investment firm QZ Asset Management found guilty of securities fraud. Ponzi schemes are a common business model for multi-level marketing firms like this one.

QZ Asset Management, like all prior Ponzi schemes, is doomed to fail due to implausible accounting practises.

QZ Asset Management's Underhanded Strategies: False Ads and Web-Based Influencing
The current Google search results for "QZ Asset Management" look something like this:

You might not notice any issues with them at first. However, a great deal of Google manipulation is at play here. In the screenshot below, the highlighted Google results are slanted news articles that were paid for by the marketing department of QZ Asset Management.

Most people wouldn't blink an eye at Yahoo! or Bloomberg as they are widely accepted as reliable news outlets. However, anyone may use paid online PR services to get their content published on these sites. Entrepreneurs and opinion leaders often make advantage of such services. Still, con artists are not deterred from using this to their advantage.

QZ Asset Management is giving their victims false hope by spreading these slanted PR pieces about themselves. The victims are usually unaware of the distinction between press releases and actual news coverage. Scammers take advantage of this vulnerability.