Elysium Network Review  – Ponzi Scheme  – MLM Scam

Website & Company Information

The web domain of the company was registered privately on the 11th of March 2019 and was later updated on 2020–03–12. According to the website, the company has three corporate addresses, in Hong Kong, Estonia and Sweden.

Heading the company is the Founder, CEO and Chief Legal Officer Fred Pascal Stege.

According to Fred’s Facebook profile, he is based out of Malmo, Sweden. This simply means that the company is being managed from Sweden.

Following is the timeline of his digital footprint on the internet:

  1. In 2005, Stege was a co-owner of Vemma’s European, African and Israeli markets.
  2. He left Vemma in 2010, and a year later he founded Origin Pure, a nutrition-based MLM company.
  3. Since Origin Pure and Origin Unite had a collapse in 2016, he joined hands with Jeunesse as a General Manager for Northern Europe where he held that position till May 2019.

And now he has again come up with this new opportunity.

Elysium Network’s Products

An investment scheme is offering by Elysium Network through its Elysium Capital Pinnacle Portfolio. According to the site, all the revenue is generated via ‘currency trading, manual & via EA. Complex mathematical and statistical modelling. High Frequency Trading (HFT).’

Minimum Investment — €500. ROI — Undisclosed

Direct Recruitment Commissions

The affiliates recruit new affiliates and get paid in return and earn:

  • €25 on the recruitment of a €179.90 affiliate
  • €100 on the recruitment of a €548.95 affiliate

Residual Recruitment Commissions

The company also pays residual recruitment commissions via a unilevel payment structure capped at seven unilevel team levels. On the recruitment of €548.95 EUR affiliates, a €25 residual recruitment commission is paid.

  • IB ranked affiliates — residual recruitment commissions on two unilevel team levels
  • 1 Star IB ranked affiliates — residual recruitment commissions on three unilevel team levels
  • 2 Star IB ranked affiliates — residual recruitment commissions on four unilevel team levels
  • 3 Star IB ranked affiliates — residual recruitment commissions on five unilevel team levels
  • 4 Star IB ranked affiliates — residual recruitment commissions on six unilevel team levels
  • 5 Star IB and higher ranked affiliates — residual recruitment commissions on seven unilevel team levels

Residual Recruitment Commissions (binary)

A cycle commission of €20 is generated when 200 GV is matched on both sides of the binary team

The cycle commission earnings depend upon the rank:

  • IBs can earn 3 cycles per week
  • 1-Star IBs can earn 5 cycles per week
  • 2-Star IBs can earn 10 cycles per week
  • 3-Star IBs can earn 15 cycles per week
  • 4-Star IBs can earn 25 cycles per week
  • 5-Star IBs can earn 50 cycles per week
  • 6-Star IBs can earn 75 cycles per week
  • 7-Star IBs can earn 100 cycles per week
  • 8-Star IBs can earn 150 cycles per week
  • 9-Star IBs can earn 250 cycles per week
  • Diamond IB Presidents can earn 500 cycles per week
  • Diamond IB Chairmans can earn 750 cycles per week

Matching Bonus

Matching Bonus is also paid on residual recruitment binary commissions (see above) on nine unilevel team levels:

  • 1-Star IBs receive a 20% match on level 1 (direct recruits)
  • 2-Star IBs receive a 20% match on level 1 and 15% on level 2
  • 3-Star IBs receive a 20% match on level 1, 15% on level 2 and 5% on level 3
  • 4-Star IBs receive a 20% match on level 1, 15% on level 2 and 5% on levels 3 and 4
  • 5-Star IBs receive a 20% match on level 1, 15% on level 2 and 5% on levels 3 to 5
  • 6-Star IBs receive a 20% match on level 1, 15% on level 2 and 5% on levels 3 to 6
  • 7-Star IBs receive a 20% match on level 1, 15% on level 2 and 5% on levels 3 to 7
  • 8-Star IBs receive a 20% match on level 1, 15% on level 2, 5% on levels 3 to 7 and 2.5% on level 8
  • 9-Star IBs and higher receive a 20% match on level 1, 15% on level 2, 5% on levels 3 to 7 and 2.5% on levels 8 and 9

The company also has other reward systems:

ROI Bonus

Diamond Bonus Pool

Joining Elysium Network

Joining Elysium Network’s affiliate membership will cost you €548.95 and then €79.95 per month.

Another affiliate membership package is worth €179.90, but that excludes you from participating in the attached MLM opportunity.

Conclusion

Elysium Network is your typical MLM opportunity that is openly committing Securities fraud. Since Elysium Network is the one offering the passive investment opportunity, it is required to take permission from Financial Regulators. In our research, we found that the company holds no such registration with any financial regulator.

In respect to the ambiguous €500 minimum passive investment opportunity, the company does not provide any info publicly.

The company violates regulatory compliance and needs to address it asap. Apart from operating illegal, the founder of the company doesn’t really have a good past.