The O’Qubuss Ponzi scheme is no longer working.
As of an “official communication” on November 16, daily withdrawals and returns have been stopped.
Affiliate recruitment and new investments have also been turned off. This, along with the fact that there are no withdrawals, means that O’Qubuss is dead.
Even though it’s clear that the plan has failed, O’Qubuss says
The project is not over, and normal work and payments will start up again in a few days.
As of November 18, it looks like O’Qubuss’s withdrawals are still turned off.
Instead of just saying O’Qubuss was a failed Ponzi scheme, the company blames “changes and the bad behavior of the main trading markets.”
O’Qubuss is the third start of the IX Inversors Ponzi scheme, which has already failed twice. Nothing about trading or “the markets” is involved.
O’Qubuss only came out in July, so it didn’t last very long.
Alex Hernandez is the CEO of both IX Inversors and O’Qubuss.
SimilarWeb has seen a steady drop in the number of people going to the O’Qubuss website over the past few months.
All of the traffic to O’Qubuss’s website comes from Ecuador.
In February, Ecuador warned IX Inversors investors about fraud. Since then, there hasn’t been any more government action.
Because of this, we don’t know how many people IX Inversors and O’Qubuss have hurt or how much money they’ve lost.
