Onward Capital Review – A Boris Ponzi Scheme With A Warning

What Is Onward Capital?

Onward Capital sounds like a legitimate name for a VC firm or a bank even, but it’s far from being legitimate. 

Onward Capital is a MLM or multi-level marketing company that provides you with various passive income opportunities made possible through investment. 

The founder of the company is Oscar Finnegan, who supposedly came from the University of Sherbrooke in Canada and under the tutelage of Professor Esteban Chornet, PhD. 

According to his bio, the professor became the founder of Enerkem and announced an exam that selected the best out of more than 200 applicants. 

20 finalists received a position for the new innovative environmental business, and Oscar Finnegan was one of them. 

None of his backstory checks out, so it’s clear that something is up with Finnegan. Meanwhile, Chornet and Enerkem actually exist. We don’t really know if they know they’ve been involved in a fake story made by a Ponzi schemer. 

On Onward Capital’s YouTube channel, Finnegan looks like the type of guy who wore a wig and a fake beard to make himself look regal. He speaks with a European accent, so it’s clear that this is a Boris Ponzi scheme. 

As it turns out, one of the readers for BehindMLM revealed that Oscar Finnegan is played by a Russian actor named Oliver Siou. His bio mentions that he’s been actively filming in Russia and has “dozens of projects lined up”. 

Speaking on behalf of a Ponzi scheme just so happens to be one of his projects, we think. 

Onward Capital claims to operate out of Canada, so this got the attention of the Canadian authorities. While they have a Canada incorporation, it’s completely worthless because the British Columbia Securities Commission issued a securities fraud warning against Onward Capital. 

Onward Capital Product Line

Onward Capital offers no retail products or services. Members only take part in the income opportunity by investing into the program.

Does The Product Work?

Onward Capital claims they generate revenue through “technological potential” and “innovative capabilities”. Whatever the hell that means.

No evidence that there’s any external revenue generated is found anywhere online or on their site. As it stands, Onward Capital only has new member investment as a way to recycle invested funds. This means that new investments are used to pay off the members in the upper tiers. As long as you’re at the bottom of the tier, you’ll never get paid. This is why you have to recruit. 

This is why Onward Capital needs a constant stream of recruits coming in to continuously pay off its members (i.e. those actual members who’re part of running the scheme). Once the recruitment stops, the money stops coming in too.

Recruitment is the only way to make money from Onward Capital. 

How To Get Started with Onward Capital?

Onward Capital membership is free but to take part in their income opportunity, a minimum investment of $25 is needed. Onward Capital also receives investments via Bitcoin and Ethereum.

Onward Capital Compensation Plan

Onward Capital members invest funds based on these advertised returns:

Short

• Short Lite – invest $25 to $300 and receive 0.8% to 1.2% a day for 10 days
• Short Pro – invest $300 to $5000 and receive 0.9% to 1.4% a day for 25 days
• Short Max – invest $5000 to $50,000 and receive 1% to 1.7% a day for 40 days

Liberty

• Liberty Lite – invest $25 to $10,000 and receive 3% a day for 80 days
• Liberty Pro – invest $100 to $50,000 and receive 3.5% a day for 120 days
• Liberty Max – invest $1000 to $100,000 and receive 4% a day for 150 days
• Liberty Lux – invest $5000 to $1,000,000 and receive 4.5% a day for 200 days

All Trade

• All Trade Pro – invest $50 to $1,000,000 and receive 2% to 3.6% a day for 40 days
• All Trade Lux – invest $50 to $5,000,000 and receive 3% to 4.3% a day for 60 days

Ultimate

• Ultimate Lite – invest $100 to $1,000,000 and receive 2.68% a day for 80 days
• Ultimate Pro – invest $10,000 to $10,000,000 and receive 2.95% a day for 100 days
• Ultimate Max – invest $100,000 to $10,000,000 and receive 3.24% a day for 120 days
• Ultimate Lux – invest $500,000 to $100,000,000 and receive 3.51% a day for 140 days

Onward Capital Affiliate Ranks

Onward Capital has 10 membership ranks within its compensation plan. Here are the qualification criteria for the ranks: 

• Member – sign up as an Onward Capital affiliate and invest
• Agent – recruit others to invest $25,000
• Consultant – recruit others to invest $100,000
• Titanium Partner – recruit others to invest $300,000
• Silver Partner – recruit others to invest $500,000
• Gold Partner – invest $50,000 and recruit others to invest $1,500,000
• Platinum Director – invest $100,000 and recruit others to invest $5,000,000
• Emerald Director – invest $250,000 and recruit others to invest $10,000,000
• Diamond Director – invest $500,000 and recruit others to invest $25,000,000
• VIP – invest $1,000,000 and recruit others to invest $50,000,000

Referral Commissions

Onward Capital pays out referral commissions following a unilevel compensation structure. Your personal and direct recruits are placed under you and marked as your level 1 members. 

Your level 1’s recruits will become your level 2, and subsequently their level 1. 

This goes on infinitely in theory, so you can imagine the income potential had it been a legitimate way to make money. 

Onward Capital caps out at 30 levels. 

Commissions are paid out on a percentage of funds invested across these levels:

• Members earn 7% on level 1 (personally recruited affiliates), 2% on level 2, 1% on levels 3 to 5 and 0.5% on levels 6 and 7
• Agents earn 7% on level 1, 2% on level 2, 1% on levels 3 to 5 and 0.5% on levels 6 to 11
• Consultants earn 7% on level 1, 3% on level 2, 1% on levels 3 to 6, 0.5% on levels 7 to 11, 0.2% on level 12 and 0.1% on levels 13 to 15
• Titanium Partners earn 8% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 to 6, 0.5% on levels 7 to 12 and 0.1% on levels 13 to 17
• Silver Partners earn 8% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 to 7, 0.5% on levels 8 to 13, 0.2% on levels 14 and 15 and 0.1% on levels 16 to 21
• Gold Partners earn 9% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 to 7, 0.5% on levels 8 to 15, 0.2% on levels 16 and 17 and 0.1% on levels 18 to 23
• Platinum Directors earn 9% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 to 9, 0.5% on levels 10 to 16, 0.5% on levels 17 to 21 and 0.1% on levels 22 to 26
• Emerald Directors earn 10% on level 1, 4% on level 2, 2% on level 3, 1% on levels 3 to 10, 0.5% on levels 11 to 17, 0.2% on levels 18 to 22 and 0.1% on levels 23 to 28
• Diamond Directors earn 13% on level 1, 4% on level 2, 3% on level 3, 2% on levels 4 and 5, 1% on levels 6 to 11, 0.5% on levels 12 to 18, 0.2% on levels 19 to 23 and 0.1% on levels 24 to 29
• VIPs earn 15% on level 1, 5% on level 2, 4% on level 3, 3% on level 4, 2% on levels 5 and 6, 1% on levels 7 to 11, 0.5% on levels 12 to 18, 0.2% on levels 19 to 23 and 0.1% on levels 24 to 30

#1 Collapsed 2021

Onward Capital collapsed back in May 2021. You can no longer access their site but their social media accounts are still up. We don’t know how long these will be up. 

We believe that people never got their money or investments back from Onward Capital because they were paid out to Russians, so that money’s good as gone. 

#2 Ponzi Scheme!

Onward Capital is nothing more than a Ponzi scheme. They literally have no other source of income outside of recruitment and there’s no proof that they were ever doing investments or trading of any kind to generate their advertised ROI. 

#3 Securities Fraud!

The Canadian government caught wind of this program after they advertised they were based in Canada. And as expected, they were hit with a securities fraud warning. People were advised not to invest in the program, or any of its iteration.

There’s nothing to like about Onward Capital. 

Onward Capital is a Ponzi scheme, no more, no less. It’s of European descent, so we call it a Boris Ponzi scheme. 

We are still writing this review in the hopes of exposing Onward Capital’s MO’s and helping people be aware of future possible rebrands.

They collapsed not too long ago, but we do expect them to show up back on our radar this year.

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The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...