Website & Company Information
The web domain of the company was privately registered on the 11th of October 2019 and was later updated on 2020–07–31. The company provides no information about who owns or runs the company.
According to the site, the company is based out of the UK. This is definitely an attempt to look legitimate. For the purpose of performing MLM due-diligence, UK incorporation is meaningless.
We ran a plagiarism check on the website, and we have found that some content on the website is copied.
Whenever we spot plagiarised content, in most cases it is because both the websites are being run by the same owners.
At the time of writing this article, Alexa cites U.S (55.8%), Russia (6.5%) and Egypt (5.3%) as top sources of traffic to Richway’s website. It is highly likely that the admin is operating from any one of these countries.
Now before we proceed further, as always, if a company is not transparent about its business operations, team, incorporation, etc., do you think they deserve your money?
Richway GAM’s Products
The company has no retailable products or services, with affiliates only able to market Richway GAM affiliate membership itself.
Richway GAM’s Compensation Plan
The affiliates of the company invest anywhere between funds on the promise of 2.1% to 3.5% daily ROI. However, it worth noting that the affiliates are penalized if they withdraw within the first 45 days.
- invest anywhere between $20 to $499 and get 2.1% a day
- invest anywhere between $500 to $999 and get 2.5% a day
- invest anywhere between $1000 to $4999 and get 3% a day
- invest anywhere between $5000 to $50,000 and get 3.5% a day
Referral commissions on invested funds are paid out down three levels of recruitment (unilevel):
- 6% on level 1 (direct recruit)
- 2% on level 2
- 1% on level 3
Joining Richway GAM
Joining Richway GAM affiliate membership is free. However, full participation in the attached income opportunity requires a minimum investment of $20. They solicit investment in USD, bitcoin, ethereum and litecoin.
The company claims of generating external revenue through trading.
Forex trading, cryptocurrency transactions on exchange rate differences and start-up financing are all the main avenues via which we generate profits.
We couldn’t find any evidence on the website that could help them back their claim. Nor is there evidence of Richway GAM using external revenue of any kind to pay ROI withdrawals
As we can confirm, the only money entering into the company is the new investment and using new investments to pay existing affiliates makes Richway GAM a Ponzi scheme.
Stay away from this one!