BAASCorp Review – Ponzi Scheme – MLM Scam

Website & Company Information

The website has not provided any information about who owns and runs the company. We couldn’t find any documents that state about the incorporation of the company. It is only the address that is listed on the site.

It is worth noting how the company tries to hide its full address as the above one is not clear. Yes, they are incorporated in Japan, but where actually?

The domain ‘https://baascorp.com/’ was privately registered on the 14th of November, 2019, and it expires on the same date, 2021.

Note: Most of the pages on the site does not work.

https://baascorp.com/investnow.php

BAASCorp’s Products

The company does not have any product line to speak of. They aren’t even providing any services apart from their affiliate membership plans. An MLM company needs to have a retail range if they are serving clients from countries like the US and Canada.

BAAScorp Compensation Plan

The company’s affiliates invest money through Bitcoin to avail the following returns:

Basic — Minimum investment $50 | Maximum Investment $500 | Daily Returns 2.0%

Standard — Minimum investment $1k | Maximum Investment $5k | Daily Returns 3.0%

Premium — Minimum investment $10k | Maximum Investment $50k | Daily Returns 4.0%

The payouts are done all over the week, except for the weekends.

Referral Commissions

The company pays referral commissions via a unilevel compensation structure. 

Unilevel Compensation Structure

These commissions are paid as a percentage of funds invested across these 7 levels:

  • level 1 (direct referrals) — Reward for 10 personally recruited members is 10%, now if you score more than 10 then your commission will be 15%.
  • 7% for level 2
  • 5% for level 3
  • 4% for level 4
  • 3% for level 5
  • 2% for level 6
  • 1% for level 7

The company also pays commissions terming it as SQUAD INCOME. These commissions are calculated monthly based on affiliate recruitment across six unilevel team levels.

Joining the affiliate membership opportunity is free.

Conclusion

We couldn’t find any substantial evidence about the company having any external source of income. They are claiming that they make money using “blockchain applications” which is just absurd.

They are using the highly technical blockchain term to dodge the bullet. This is an industry cliche where fraudsters wrap their scam under the ‘greatness of the blockchain technology’.

The company is not registered with any financial body, and it also doesn’t provide any reliable proof of incorporation in Japan. It is effortless to put a random address on the website.

The website gets most of its traffic from the U.S, and this raises two major concerns.

  1. They are an MLM body with no products/services to offer. In the U.S, it is illegal for an MLM to operate without a product line.
  2. They are not registered with the S.E.C.

BAASCorp is simple a Ponzi scheme where the admins will continue to operate until they run out of new investments. Once they are done, they will pull out the plug.

And If they are really Japanese, they will say SAYONARA!!!