Mind Capital Review  – Ponzi Scheme  –  MLM Scam

Website & Company Information

The web domain of the company was privately registered on the 16th of July 2014 and was later updated on 2020–04–28.

The company is headed by Gonzalo García-Pelayo, a gambling expert. He holds the title of “beating roulette”. You can read more about him here: https://www.gamblingsites.org/biographies/gonzalo-garcia-pelayo/

Apart from his past in the gambling industry, Gonzale does not hold any experience in the MLM industry.

At the time of writing this article, Alexa cites Venezuela(14.9%), Mexico (12.7%) and Switzerland (8.3%) as top sources of traffic to Mind Capital’s website.

Mind Capital’s Products

The company has no products or services to offer, just the affiliates only able to market Mind Capital affiliate membership itself.

Mind Capital’s Compensation Plan

The company’s affiliates invest between $100 to $100,000 on the promise of 0.5% to 1.5% daily ROI. Mind Capital also pays commissions when these affiliates recruit others, who then make the same investments.

Residual Commissions

It pays residual commissions via a unilevel compensation structure, capped at 10 unilevel positions. These commissions are paid out as a percentage, based on each level:

  • level 1 (direct recruit) — 8%
  • level 2–4%
  • levels 3 and 4 (requires a downline investment volume of $5000 ) — 3%
  • levels 5 and 6 (requires a downline investment volume of $15000) — 2%
  • levels 7 and 8 (requires a downline investment volume of $50000) — 2%
  • levels 9 and 10 (requires a downline investment volume of $100000) — 2%

Joining Mind Capital

Joining Mind Capital affiliate membership requires a minimum investment of $100, paid in Bitcoin.

Conclusion

The company claims of generating revenue through “AI algorithms developed to find buying/selling opportunities”. Of all the crypto MLMs we have reviewed, 99% of them have similar claims.

Like other MLMs, Mind Capital also fails to provide any substantial proof that can back this claim.

Talking about the investment side of the business, we only have one question in our minds. If the owners are being to able to make a daily ROI of 0.5% to 1.5%, then, why are they asking us for money? It doesn’t make any sense.

MIND CAPITAL CHECKS ALL THE BOXES OF A TYPICAL PONZI SCHEME.

They also charge a whopping 35% of the profits and term the fees as ‘management and maintenance expenses’.

Securities Fraud

Mind Capital is clearly promoting a passive income opportunity without having any registrations from any financial regulators. They are violating securities offerings policies. Any day, they can get burned by the financial regulators and not only them, but their profitable members could also get hit by lawsuits. In Spain, securities are regulated by the National Securities Market Commission (CNMV).

Ponzi Scheme

The only verifiable source of income for Mind Capital is the new investments. Nothing is marketed or sold to retail customers. The company does not offer any products or services through which they can generate revenue.

Mind Capital has tied 100% of commissions to recruitment. They pay their existing affiliates using the money invested by new affiliates. And once the new investment stops coming in, the pyramid system will collapse and your money will be gone!!