LoanTech Review  –  Ponzi Scheme  –  MLM Scam

Website & Company Information

The web domain of the company was privately registered on the 24th of August 2019 and was later updated on 2020–02–02. It was founded by Chris D. Wright (CEO) in February 2020. The company is said to have over 155,000 active members and the numbers are growing.

Chris is very active socially as we saw he has over 4000 friends on his Facebook account. According to the account, he is settled in Harlow, Essex, England. What we found shady was his account was filled with LoanTech marketing elements, and it had only ONE picture of Chris.

This raises some questions, as anybody can use a MALE MODEL to create a fake Facebook account and use it for marketing purposes. Plus, this account didn’t exist before 2019. The reason why he has so many friends is that LoanTech has over 155,000 members and he promotes his profile there.


The company is incorporated in the U.K. with the name “Bright Future Loans LTD”. The official registration date is October 31st 2019. The address provided is 17 Little Grove Field, Harlow, Essex, England, CM20 1HY and performing a google check throws a random private property which doesn’t look like an office from any angle.

Fact: The U.K. is one of the most favourable jurisdictions for scammers, and 90% of all the shady MLMs are registered in the U.K. Also, U.K. incorporation is dirt cheap.

This company promises a guaranteed 3% per day which requires them to be registered with the FCA, which is U.K. securities division. But we didn’t find any registration with any regulator.

As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.

LoanTech Products

The company has no retailable products or services, with affiliates only able to market LoanTech affiliate membership itself.

The matter of concern here is the lack of retail option. An MLM must provide a retail option if it is catering to clients from the U.S. and Canada.

LoanTech Compensation Plan

Affiliates of the company invest anywhere between $10 to $30,000 on the promise of a 3% daily return.

Rank Achievement Bonus

If you qualify for the following ranks, you will receive extra rewards:

  • Power Affiliate — Recruit 50 active members, earn 3%+ commissions and $100 flat bonus ($300 extra for another 50 active referrals)
  • Leader Status — Recruit 100 active members, earn 5%+ commissions and $300 flat bonus ($500 extra for another 100 active referrals)

Commission Rates (Investment)

An affiliate an earn more depending on their investment in the company. Following are the plans to increase commissions rates:

  • Invest from $10 to $499 earn 10%
  • Invest from $500 to $2999 earn 12%
  • Invest from $3000+ earn $15%

Referral Commissions

The company pays its referral commissions through a two-tier unilevel compensation plan as a percentage on invested funds.

  • Level 1–10% to 20% (personally sponsored affiliates)
  • Level 2–2%

Remember the Status and Rewards bonuses add to the baseline 10% for level 1.

Joining LoanTech

Joining LoanTech affiliate membership is free; however, minimum participation in the attached income opportunity requires $10.


First of all, Chris Wright doesn’t exist outside of this company’s marketing materials, and his Facebook account is also fake. With this, we can conclude that the character Chris doesn’t even exist.

The second most important thing — They promise a daily return of 3%, which is an absurd claim. If someone is making 3% ROI per day, then why would they ask you for your $10? LoanTech business model fails the Ponzi logic test.

The company also claims of generating external revenue through crowdfunding and A.I. trading. No evidence of trading taking place is provided. Nor is there any evidence LoanTech uses external revenue of any kind to pay returns. They are also offering passive returns and are not registered with the UK FCA or ANY securities regulator.

As we see, affiliates signup, invest funds and receive commissions from the people who join the system after them. And this scheme will collapse when withdrawals exceed new investment.

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