Website & Company Information
The web domain of the company was privately registered on the 29th of January 2019. According to the site, the company is headed by CEO, Mr. Carl Ronny. Throne Legacy Capital (TLC) operates in the forex MLM niche.
The company was founded in 2019 and is headquartered in Hong Kong. The office photos posted on the site looks like a temporary rented space. Also, the CEO, Carl Ronny, doesn’t exist outside of TLC marketing. This means that an actor plays the character.
The image below is from TLC’s Hong Kong office opening ceremony held in mid-2019:
One of the gentlemen is identified as Kwanky Tse, Asia CEO of TLC:
We highly suspect that this guy is the real man behind the company along with his Asian counterparts.
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.
Throne Legacy Capital’s Products
The company has no retailable products or services, with affiliates only able to market the affiliate membership itself.
This is a matter of concern because if an MLM is operating with any retail option, then is business is deemed illegal in many jurisdictions such as the U.S and Canada.
Throne Legacy Capital’s Compensation Plan
The affiliates of the company invest in $1500 units on the promise of “stable profits easily every month.”
Once you have invested, your funds will be locked for the next 2 years.
Note: TLC withholds 10% of all paid commissions and bonuses.
TLC Affiliate Ranks
There are a total of 7 affiliates ranks, each with its own respective criteria:
- IB — directly invest in one $1500 unit
- IB1 — maintain a $1500 unit investment and generate ten downline unit investments
- IB2 — maintain a $1500 unit investment, recruit and maintain two IB1s and generate fifty downline unit investments
- MIB1 — directly invest in two $1500 units, recruit and maintain two IB2s and generate three hundred downline unit investments
- MIB2 — directly invest in five $1500 units, recruit and maintain two MIB1s and generate one thousand downline unit investments
- SIB1 — directly invest in eight $1500 units, recruit and maintain two MIB2s and generate three thousand downline unit investments (no more than 500 from any one recruitment leg)
- SIB2 — directly invest in ten $1500 units, recruit and maintain two SIB1s and generate ten thousand downline unit investments (no more than 1000 from any one unilevel leg)
Commissions are paid per recorded automated trade in downline TLC affiliate’s backoffices.
- IBs get $2 per recorded trade
- IB1s get $3 per registered trade
- IB2s get $5 per registered trade
- MIB1s get $8 per registered trade
- MIB2s get $10 per registered trade
- SIB1s get $13 per registered trade
- SIB2s get $15 per registered trade
According to the company’s compensation material, 10–13 trades are recorded each month.
The company also pays generation bonus via generations tracked through unilevel compensation structure.
- IB2 to MIB2 earn 5% on one generation per leg
- SIB1s earn 5% on up to two generations per leg
- SIB2s earn 5% on up to three generations per leg
5% is paid as a percentage of commissions earned by unilevel team affiliates within a generational leg.
GW Referral Bonus
The affiliates investing in a GW Package ($1500, $15,000 or $30,000), qualify for three-level deep referral commissions. The GW Referral Bonus pays
- 50% on the first generation per leg
- 15% on the second generation peg leg
- 10% on the third generation per leg
The GW Referral Bonus is paid on generated backoffice trades.
Joining Throne Legacy Capital
Joining Throne Legacy Capital affiliate membership is not free, it requires an investment of at least one $1500 unit.
The company claims itself to be the ‘world’s leading tech-driven investment management platform’. However, no real investment banker have heard about TLC, LOL!!
In fact, the company is shamelessly offering passive income schemes:
As you all know. If an MLM offers passive income schemes, then it means that they are offering securities. If a firm is offering securities, then they need to get registered with that jurisdiction’s financial regulator.
Talking about TLC, the company is not registered with any financial regulator, and hence it is illegally operating and offering securities.
The company also has phoney partnerships.