Website & Company Information
The company claims that they have been operating since 2015, ‘as an Australian trading company’. However, there is no online proof of their existence dated 2015.
The domain https://exnglory.com/ appears to be registered on September 2019 — the same time when they launched their YT channel and also registered their company ExnGlory PTY LTD with ASIC.
Their claims of operating since 2015 appear to be absurd.
CEO Christopher Allison has a European accent, but the background appears to be a rented space. With our experience of spotting bullshit on the internet, we feel that an actor is hired to play Mr Allison. This proves that the whole team and its legal prospects are undercover.
It should be taken into account about the transparency of the company before making any investment decisions.
Blatant Lie Re. Partnerships
They claim to have corporate relations with institutions like SSE Shanghai Stock Exchange; HKEX Hong Kong Stock Exchange; NSE India National Stock Exchange; B3 Sao Paulo Stock Exchange; ASX Australian Stock Exchange; NASDAQ; NYSE.
It is impossible to have these partnerships in place for a company like these. There are countless regulatory challenges one have to go through in order to make these corporate relationships possible. Also, one cannot directly call these formal relationships as ‘partnership’, only a fraudster will no legal/regulatory knowledge will do this stunt.
EXnGlory’s — Products | Compensation Plan | Affiliate Ranks
The company has no products or services to market. Their business model is simple — affiliates pump users into the system to get rewards, the users pump more users into the system as affiliates to get rewards — this runs in a loop.
The minimum investment is $100, this makes affiliates eligible to enjoy ROI between 118% to 121.6%, 18 days lockup period.
Payment Mediums: Bitcoin | Ethereum| Litecoin | Payeer | PM
EXnGlory promises affiliates referral commission via a uni-level structure — capped at 10 levels
Referral commission breakdown with affiliate levels:
- 7% on level 1 (personally recruited affiliates)
- 5% on level 2
- 3% on level 3
- 2% on level 4
- 1% on levels 5 to 7
- 0.5% on levels 8 to 10
The website with ‘broken english’ claims to generate external income via ‘artificial intelligence, the latest results in marketing techniques and finance online management as well as the stock exchange and cryptocurrency assets’
And we are still figuring out how they generate revenue? Lol
These are typical MLM Ponzi cliches, that doges the bullet by using trending acronyms in sentences.
It should also be noted that the company’s ASIC registration has no value because the only filed document that we can see is a 201C Application for Registration. The cost of doing this registration is approximately $500 and requires no physical visit to the institution’s office.
Their legal status only covers Australia, but they are entertaining service to every country. As per data collected from Alex, the website’s top visitors are from U.S, Iran and Russia.
And we all know that securities are regulated both in the U.S and Iran. EXnGlory is offering securities illegally.
EXnGlory is an MLM Ponzi Scheme accepting mostly cryptocurrencies to stay undercover. The company has no product or services but only depend upon its affiliates. Once new investment stops pouring in, the system will collapse and your money will be long gone!