CHY Mall Review – An E-Commerce Ponzi Scheme Exposed!

CHY Mall, which stands for Century Heng Yue Group SDN BDH, is a Malaysian company that operates in Africa, specifically Nigeria and Ghana. 

Their Facebook page also confirms that they operate out of Ghana. 

Their website is filled with vague information and photos. The paragraphs don’t even make sense at times. At one point, you’ll see photos of someone dressed in a Pope’s attire and some supposedly big-shot entrepreneurs during their official launching. 

CHY Mall began as Sairui E-Commerce in Ghana, but why they rebooted and pretending to be a Malaysian company is unclear. 

On their landing page, Ben Chah (CEO) and Kamal Khan (Vice-President) are introduced as executives of the company. They appear to be real people because they are presenters of several CHY Mall marketing videos. 

CHY Mall Product Line

CHY Mall members are granted access to the program’s e-commerce mall. It’s just stocked with cheap dropshipping products from China.

Does The Product Work?

While CHY Mall claims they’re a “new retail concept”, they’re actually just a dropshipping e-commerce platform. They even compare themselves to the likes of Alibaba and Jumia. 

But underneath their e-commerce platform is a Ponzi scheme. The platform is merely a front for appearing legitimate and to take regulatory agencies’ attention away from the actual income opportunity. 

CHY Mall operates similarly close to Zhunrise, which was an old e-commerce Ponzi scheme that was shut down by the SEC six years ago. 

CHY Mall appears to be operated by Asians, but targeting Africans. We don’t know how Khan and Chah are connected with these Asians running the scheme either. 

Their income opportunity has members signing up and investing funds, which you can see from this marketing poster. 

A tiny percentage of these funds is used to dropship various BS from China. The rest is put into recruitment commissions and the promised 10-day returns. 

The 10-day returns are Ponzi territory, mostly because the invested funds come from new member investments (which is only generated from new member recruitment). 

On top of that, the owners of CHY Mall are taking their cut while everyone else is losing money. 

At the end of the day, recruitment will stop and will force the company to shut down. If not, they’ll still have the regulatory agencies chasing after them for illegal activities.

There’s only one way to make money from CHY Mall and that’s through new member recruitment. 

You will earn commissions and the promised ROI based on the members’ investments. 

How To Get Started with CHY Mall?

CHY Mall membership costs are packaged between $25 and $1,200. 

Obviously, the more money you invest, the more money you make.

1. VIP2 – $50
2. VIP3 – $100
3. VIP4 – $300
4. VIP5 – $600
5. VIP6 – $1200

CHY Mall Compensation Plan

CHY Mall’s compensation plan has members purchasing products from the platform. 

The platform pretends fo sell products on behalf of members to non-existent members, so they’re kind of like investing into the company. The company uses these investments to buy products, which is supposedly how they generate their ROI’s for the company. 

The gist is that members invest into wholesale products and when customers buy at retail, they earn a commission that’s put into the form of ROI. 

Here’s what you can expect from the investments:

1. invest $50 into a VIP2 position and receive $7 every 10 days
2. invest $100 into a VIP3 position and receive $14 every 10 days
3. invest $300 into a VIP4 position and receive $42 every 10 days
4. invest $600 into a VIP5 position and receive $84 every 10 days
5. invest $1200 into a VIP6 position and receive $168 every 10 days

These returns are paid out every 10 days until the member puts in a withdrawal request. 

Recruitment Commissions

Their recruitment commissions follow a unilevel compensation structure. This caps out at three unilevel team levels. 

Your direct recruits are placed under you and placed as your level 1. 

Your level 1’s recruits will become your level 2, and it goes on infinitely in theory. 

CHY Mall pays out commissions as follows:

• level 1 (personally recruited affiliates, as detailed above) – 20%
• level 2 – 3%
• level 3 – 2%

Crown Level Bonus

This is similar to the unilevel compensation structure, but this bonus is paid on 3% of sales volume generated by a member’s unilevel team. 

Residual Commissions

Residual commissions follow a binary compensation structure where your recruits on your right and left leg. Each recruit is placed under a new level with new legs, and it goes on infinitely. 

Members are paid out 12% of the corresponding sales volume generated by the weaker binary team side.

#1 Recruitment Is The Key!

Because it’s a Ponzi scheme, the only way to make money is to recruit people. The company will eventually run out of funds once the recruitment stops. We suspect this is how the old company died before they got caught by the authorities. 

#2 Possible Reboot Of Old Ponzi Scheme

CHY Mall was a reboot of Sairui E-Commerce, which flopped. It got rebooted into CHY Mall hoping that the founders can take advantage of people during the Covid-19 Pandemic. 

The program appears to be targeting vulnerable people from Africa.

#3 Securities Fraud Warning 

CHY Mall was issued a securities fraud warning by Ghana’s SEC, citing that the company was not authorized or licensed to carry out capital market activity including trading or investing for returns. 

This means that they’re committing securities fraud, and it won’t be long before they’ll get shut down by the SEC.

CHY Mall has nothing decent or legitimate to offer to the public. 

CHY Mall is a Ponzi scheme hiding behind an e-commerce platform. The platform makes them appear legitimate and takes away from the Ponzi side of things. 

Thankfully, the Ghana SEC saw through it and issued a securities fraud warning against the company. 

We’ll probably see this company going away soon, but this won’t be the last time we’ll see them.

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