Is EvoRich a Scam? A Rebooted Russian Ponzi Scheme!

EvoRich is a spinoff of Skyway Capital, a long-running Russian Ponzi scheme. Heading up EvoRich is Andrey Khovratov (Andrei Khovratov or Andrii Khovratov to some), who happens to be a former Skyway Capital exclusive. 

Khovratov was part of Skyway’s inner circle, but things went south for him. In 2017, he filed a defamation outlet against a Russian media outlet on behalf of Skyway Capital but he lost the case. 

That same year, he threatened another media outlet after they published an article that criticized Skyway Capital.  This brought out Anatoly Yunitskiy’s own lawsuit against another media outlet. Both failed and lost the lawsuits. 

Yunitskiy put Khovratov in charge of Skyway Capital’s transition to cryptocurrency in 2017.

Skyway Capital was supposed to launch Skyway tokens but as years and months dragged on, those plans changed into CryptoUnits. They came into the spotlight sometime in 2019 when they jumped on to the cryptocurrency Ponzi bandwagon.

Skyway Capital created dozens of shell companies until they came up with NEEW, which stands for New Economic Evolution of the World. This company became the baseline for Skyway Capital’s ponzi and crypto fraud efforts. Yunitskiy appointed Khovratov as CEO of NEEW. 

In February 2020, Skyway Capital ditched NEEW and was now a standalone opportunity. Khovratov was still handling the company even after. 

This split leads us to believe that either: 

1. Yunitskiy and Khovratov had a huge falling out and decided to split
2. Or Yunitskiy had enough of NEEW going nowhere and wanted to create a new Ponzi scheme without it.

Khovratov rebranded NEEW as Academy of Private Investor Opportunity after the Skyway Capital exit scam (probably to make it sound less Russian). This rebrand also came after a New Zealand warning was issued against the company. 

The company lasted up until the fourth quarter of 2020 and it was during that time when EvoRich was introduced. 

 EvoRich Product Line

EvoRich has no retail products or services available within their MLM opportunity. It only has access into its income opportunity, made available by investing into the program.

Does The Product Work?

As it stands, EvoRich is part of Skyway Capital’s Ponzi scheme network. There’s literally nothing of value here, and you’ll see that in their compensation plan. 

Skyway Capital generated a few shitcoins (cryptocurrencies that are absolutely worthless in the market) and are using them as part of their exit strategies. 

Their income opportunity has you investing in their tokens, which is only useful within their company. The value is based on arbitrary decisions and on supply and demand within the company.

EvoRich only offers one way to make money and that’s through recruitment. 

How To Get Started with EvoRich?

Membership into their income opportunity is tied into your investment into their WCRU tokens. From the presentations, the minimum WCRU investment amount is 30, but they don’t disclose how much that’s worth in USD.

EvoRich Compensation Plan

EvoRich does not provide its compensation plan on its website. We were able to come up with these numbers based on their marketing presentation back in 2020.

Initial member investment involves buying inton their WCRU tokens, which dictates your earnings:

• Stage 10-30 billion WCRU tokens with a price of $ 0.001 -0.3 $ 12-36 months.
• Stage 10-25 billion WCRU tokens with a price of $ 1 -100 $ 12-24 months,
• Stage 1-10 billion WCRU tokens with a price of $ 100 -1000 $ 12-24 months.
• Stage 1-10 billion WCRU tokens with a price of $ 1000 -2000 $ 12-36 months.

They pay out their commissions with USDU, another one of their shitcoins. Some commissions are also paid out in WCRU. 

They’re doing all they can to not pay you with real money. 

WCRU Returns

EvoRich members park their WCRU tokens within their company on the promise of these reuters: 

• over 1 to 180 days 1% is paid out every 30 days
• over 181 to 365 days 1.5% is paid out every 30 days
• over 366 to 545 days 2% is paid out every 30 days
• over 546 to 730 days 3% is paid out every 30 days
• over 731 to 1061 days 5% is paid out every 30 days

We don’t know how these returns are paid out but probably in USDU or WCRU.

Residual Commissions

EvoRich pays out residual commissions following a unilevel compensation structure. These are based on a percentage of funds invested across the unilevel team. 

Your rank also plays a huge role in how much you’re earning. The higher your rank is, the more money you make.

Dividends

Once EvoRich reaches $10 billion invested into CRU, EvoRich touts a 12% to 35% dividend paid out to their investors.

#1 Once a Ponzi Scheme, Always a Ponzi Scheme!

EvoRich is part of a huge network of Russian Ponzi schemes, or it used to be. Its owner was notorious for punishing media outlets whenever they were criticized. 

As it stands, the only source of income here is through recruitment. If you don’t recruit, you don’t make any money here. 

Recruitment is only the source of income for this company, so once recruitment stops, the money stops coming in. 

There’s no way around it but even if they shut down, the company will reboot and rebrand sooner or later. 

Oh let’s not forget that the owner’s previous MLM Ponzi received a warning from New Zealand’s authorities. 

#2 Worthless Shitcoins

EvoRich is notorious for creating a lot of worthless coins that are only useful within their company. This is part of their network’s MO for running Ponzi’s. It’s also a common tactic used by some crypto Ponzi schemes.

The coins are useless outside of the company and their value are not dictated based on supply and demand, but based on arbitrary decisions from the owner and the higher ups.

There’s nothing to like about EvoRich. It’s a Ponzi scheme.

EvoRich is a Ponzi scheme that’s similar to its sister sites from Russia. We don’t know how extensive their network is, but we assume that it’s huge. They’ve already received warnings from different countries so that’s a big red flag. 

There’s literally no way for you to make money here because all they do is lock in your investments for a duration and they’re going to be creative with how they keep your money.

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