Website & Company Information
The web domain was registered on the 27th of September, 2019. And the domain registrar is Robert Gonzalez. Robert is the CEO of the Kangot, based out of the U.S.
The website provides no information about the owners and the overall team. We found Robert through online research, and his full name is Robert Cantu Gonzalez. Robert is also the listed owner of BViral’s website domain.
Prior to BViral, Robert was the Co-Ceo of Club Orenda — a travel-based MLM opportunity that collapsed anytime between 4th Quarter of 2017 to 1st Quarter of 2018. The project was launched in 2016, and before Club Orenda, Robert was seen promoting Zyndio, a matrix cycler Ponzi scheme.
What are they Offering?
Similar to so many of the MLM companies we review, Kangot does not have a product line to speak of. No goods/services are sold by the company.
The company only has a compensation plan that rewards affiliates based on the network marketing they do, and based on the number of new users they bring in.
These affiliates invest anywhere between $100 to $50,000 on a promise that they will get some kind of return.
- Invest $100 to $500 and receive a 0.5% to 3% daily return, capped at 200%
- Invest $1000 to $50,000 and receive a 0.5% to 3% daily return, capped at 300%
There are also a total of 10 affiliate ranks in Kangot’s compensation plan, which means that the affiliates get paid based on the targets they reach, set by the company.
The company pays a 10% commission on funds invested by personally recruited affiliates.
The company also has some other means of pleasing members and motivate them to get people signed up aggressively. These payment plans are Residual Commissions; Matching Bonus; Rank Achievement Bonus.
It is mandatory to invest in the company’s plans to take the affiliate membership. As mentioned above, these plans range from $100 to $50,000 investment.
All the investments and returns are made through cryptocurrency. Cryptocurrencies are the best way for admins to turn in black money to white and not come under the scanner of any authority. And in this case, if the admins run away with your money, you won’t be able to track them.
The company claims to generate external ROI revenue via “real trading activities in various financial markets”. And on the website, the company proposes to show the evidence of trading though ‘Face to face video sessions with our experienced traders.’
Kangot promises passive income on the investment, and this implies that they are soliciting investment. Since Richard is based out of the U.S, he is committing a securities fraud.
We could not find any proof that they are registered with the SEC. Hence, Kangot is operating illegally. Irrespective of the shady business model, the company stands on the thin ice.
Talking about the MLM side of their business, Kangot promises daily returns of up to 3%. Think about it for a moment, if they are able to make 3% every single day then why do they need your money?
The bottom line is that the company uses new investments to compensate its affiliates as the only valid source of revenue entering Kangot is the new investment. Once new investment stops kicking in, the company will close doors, and your money will be long gone!