The web site of Full Velocity supplies no details about the corporate’s house owners or administration. A non-public area registration for Full Velocity’s web site (fullvelocity.commerce) was accomplished on December 31, 2021.
Additional investigation reveals that James Ward is the CEO of Full Velocity: The CEO of LGN Prosperity, James Ward (pictured to the fitting), first appeared in 2010. Vouchers for journey have been bought by LGN Prosperity, with every one producing an entry in a two-by-two matrix (2×2).
LGN Prosperity modified its identify to LGN Worldwide in the midst of 2011 after months of not paying its associates. Journey providers booked by LGN at the moment are topic to commissions because of this identify change. Ward took over as CEO and co-founder of iBizWave in early 2014, following the demise of LGN Worldwide in mid-to late 2013. To mark his return to the journey MLM area of interest, Ward launched in 2015 with 2SL Begin Residing.
When Ward’s 2SL Begin Residing failed, he began Pangea in 2016. Journey disguised as a matrix cycler was Pangea’s authentic enterprise mannequin. Pangea had collapsed by the start of 2017. Pangea was given a brand new lease on life due to Ward’s modern compensation scheme. Pangea 2.0 did not final lengthy both, on condition that the one vital change was the addition of a 3rd tier to the cycler.
Ward reappeared with Sports activities Buying and selling BTC, a crypto Ponzi scheme, within the latter a part of 2019. As of December 2019, Sports activities Buying and selling BTC had fully failed, prompting Ward to begin over as International Credit Community. In accordance with Alexa’s graphs of web site site visitors, the International Credit Community is anticipated to go beneath someday in April 2020.
Lion’s Share, Ward’s first smart-contract Ponzi scheme, went reside on the finish of June 2020. Ward launched Apex Monetary in April 2021, after Lion’s Share went bankrupt in early 2021. Hitesh Juneja and Jason Rose joined forces to kind Apex Monetary, a for-profit company. Associates have been inspired to spend money on AFT tokens with the promise of a every day payout of as much as 0.85 p.c for 360 days.
Nonetheless, Apex Monetary’s web site is operational. Nevertheless, Alexa’s site visitors estimates present a decline in late 2021 for its web site. An try to relaunch Lion’s Share as “Lion’s Share Velocity” in the midst of 2021 seems to have been made.
No matter it was, it fizzled out so rapidly that we did not discover. In any case, the launch of Full Velocity final month is the end result of all of this. Full Velocity’s MLM alternative is described intimately within the following paragraphs. Merchandise from Full Velocity There aren’t any services or products that may be bought by Full Velocity.
It’s only attainable for Full Velocity associates to advertise their very own memberships. It is Full Velocity’s Payroll Coverage. Full Velocity markets can produce weekly returns starting from 0.21 p.c to five.4 p.c. “FV Bot” is alleged to be the supply of the promised income.
Full Velocity sells entry to a cryptocurrency buying and selling bot known as the FV Bot. Full Velocity’s weekly subscription charges are calculated as 30 p.c of the returns paid out every week. The FV Bot requires a minimal of $200 to get began. At Full Velocity, all compensation transactions are performed in tethers (USDT). Full Velocity MLM compensation is predicated on the weekly subscription charges which are paid by Full Velocity members who’ve been recruited by Full Velocity.
Ranks at each stage of velocity. Six affiliate ranks can be found to Full Velocity members. The next are the necessities for every of them: One of many first steps is to seek out an affiliate. Enlist the assistance of three allies. Recruit 5 gear 3 associates. At this level, you must have seven new associates. Recruit ten Gear 5 associates. Recruit a complete of twelve associates with a view to go at full pace.
Recurring Funds Utilizing a unilevel compensation plan, Full Velocity pays out residual commissions. Each affiliate they personally recruit is on the backside of a unilevel workforce in a unilevel compensation construction, and each affiliate they personally recruit is immediately beneath them (stage 1). Within the occasion that any stage 1 affiliate is ready to carry on new associates, they are going to be promoted to the unilevel workforce’s stage 2. Associates within the second tier are mechanically promoted to the third tier if they carry in new associates.
Full Velocity is just accessible for the primary twenty unilevel workforce ranges. As a proportion of the weekly subscription charges paid by prospects at every of those twenty ranges, residual commissions are paid out as follows: Associates with a Gear 1 rating earn 25% on stage 1 (these recruited by the affiliate) and 10% on ranges 2 and three. Earn 25% on stage 1, 10% on ranges 2-5, and 5% for stage 6-ranked Gear 2 associates. Gear 3 ranked associates earn 25% on stage 1, 10% on ranges 2-5, 5% on ranges 6-7, and a couple of.5 p.c on ranges 8–9. Gear 4 associates earn 25% on stage one, 10% on ranges two by 5, 5% on ranges six and 7, 2.5 p.c on ranges eight by fourteen, and 1.25 p.c on stage fifteen.
Associates with a Full Velocity rating earn 25% on stage 1, 10% on ranges 2 to five, 5% on ranges 6 and seven, 2.5 p.c on ranges 8 to 14, and 1.25 p.c on ranges 15 to twenty. There’s a charge for Full Velocity Full Velocity affiliate membership. To be able to proceed making a living, a month-to-month subscription charge of 30% of the weekly generated returns have to be paid.
The Finish of the Highway One fascinating method taken by Full Velocity is to enroll anybody free of charge after which gather charges from the income. Regulated non-compliance regarding securities fraud isn’t exonerated. In accordance with Full Velocity, the FV Bot is the corporate’s most up-to-date invention. It creates an inherent hedge by taking each lengthy and brief positions on the identical time.
A successful place’s acquire is bigger than a loss, so the optimum exit positions are these the place the loss is lower than the acquire. You will not discover a “greenback price averaging” bot like this one, which repurchases positions after which will get caught in trades for weeks on finish. Full Velocity doesn’t present audited monetary stories, so it’s unattainable to confirm this. This could possibly be a violation of the Federal Commerce Fee Act.
It is also a stretch to simply accept James Ward’s claims about buying and selling worth as gospel fact. In January 2022, Ward claimed that the FT Bot generated 15.1%. You would not give away entry to a 15% month-to-month profit-making buying and selling bot free of charge should you had one able to doing so. It’s extra possible that somebody with a 15% buying and selling bot will merely run it within the background. In a number of years, you will be the richest particular person on the planet.
That is all assuming, in fact, that James Ward is telling the reality about his buying and selling income. In accordance with the “verified third get together knowledge” claimed on the Full Velocity web site, weekly returns return to March 2021. What’s the supply of this info? Certainly the SEC will need to have obtained a duplicate of it.
Passive returns, no matter how they’re generated, are securities in MLM corporations. The Securities and Change Fee (SEC) have to be notified of any public providing of securities. Full Velocity and James Ward usually are not registered with the SEC, in line with a search of the SEC’s Edgar database. FT: Ward stated Full Velocity and Bot Bot are authorized, in line with Ward. It is unlawful to run a enterprise if that is true.
By combining Ward’s historical past of scamming with this, you get a greater concept of what Full Velocity is. It is a “lulz cannot contact our cash!” scheme. With regards to that, you are going to hear issues like, “you are accountable for your cash!” The cash you give to Full Velocity’s bot is totally out of your fingers.
Full Velocity can do no matter it desires together with your account. The bot is both blown up or another excuse is used to make this occur. In each circumstances, the admins have been capable of exit-scam by rigged trades. Each “lulz cannot contact our cash!” scheme has this as its purpose. The conclusion of Full Velocity would be the identical because the earlier one.