What Is Sincere Systems? It’s a Ponzi Scheme That Lies To You!
Welcome to my Sincere Systems review!
Contrary to its name, there’s nothing sincere about this company. There’s nothing honest about it. There’s nothing legitimate about it.
Why? Because it’s one big Ponzi scheme.
Let’s uncover the scheme behind Sincere Systems, shall we?
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with Sincere Systems in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal why program is lying to you...
Sincere Systems Review Summary
Product Name: Sincere Systems
Founder: Not disclosed
Product Type: Investment Ponzi Scheme
Price: $100 minimum investment
Best For: No one
Summary: Sincere Systems is a investment Ponzi scheme that's anything but sincere. We've got all the proof that it's a Ponzi scheme and that there's nothing of value for you here.
What is Sincere Systems?
Sincere Systems is a MLM or multi-level marketing company that promises you can make money by investing in them. What they are investing on, we will never know.
The company is not also transparent about who owns or runs it, either. They also provide some pseudo-compliant BS such as a UK incorporation.
Note that we are not saying that a UK incorporation is BS. But if you’re in the MLM industry, incorporation is completely useless. UK Incorporation is cheap and unregulated. That’s why ponzi schemes pretend they’re legitimate by grabbing this.
Contrary to their incorporation, we believe that Sincere Systems is operated out of Russia and/or the Ukraine. The reason we say that is because they have Russian texts on their documents, as seen below. This was caught by our friends over at BehindMLM.
Then we have their YouTube channel filled with marketing videos. Guess what language it’s in? You guessed it: RUSSIAN.
The hosts also have very Russian names but we’re not inclined to think that any of them are the owners.
As expected, their Alexa rankings return Russia and Ukraine as the number 1 traffic course for Sincere Systems.
Sincere Systems Product Line
There are no retail products or services being offered here by Sincere Systems. There’s just the income opportunity, which you have to sign up for and invest money on.
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Does The Product Work?
There’s just nothing sincere about Sincere Systems. That’s it.
Let’s dissect their company, shall we?
First, do they have any proof that external revenue is generated outside of investments?
They claim that their company “generates revenue through the innovative algorithm of world financial companies and banks”.
We don’t know what that means. It’s all mumbo-jumbo, if you ask me. In any case, their magic algorithm helps them earn 15% monthly ROI.
Second, are they even allowed to operate passive income opportunities?
Well, the answer is also NO.
They claim that their stock standard UK shell incorporation gives them permission to, and I quote:
Open investment companies
Activities of financial services holding companies
Activities of venture and development companies
UK incorporations will never give companies any permission to do that. They would have to be registered with the agencies that govern securities offerings and investments. This would be the UK equivalent of the SEC.
With Sincere Systems offering passive income, it means they provide securities offerings. Because they’re not registered to do so, they’re also committing securities fraud on top of several MLM company violations.
To be clear incorporating a shell company in the UK doesn’t give Sincere Systems permission to engage in any of the above.
How To Make Money with Sincere Systems?
Sincere Systems promises you can make money by investing into their company, and that you’d also get commissions by recruiting people and having them invest too.
How To Get Started with Sincere Systems?
The membership fee is free, but if you want to take part in their income opportunity, you’d need to invest a minimum of $100. There’s no mention of how much you can invest at most.
Sincere Systems Compensation Plan
When you invest a minimum of $100 into Sincere Systems, you can enjoy their promised advertised monthly ROI of 15%.
Then they also have a referral commission to help incentivize people into recruiting.
Their referral commission follows a unilevel compensation structure. If you don’t know what this is, think of it as an organizational chart.
You’re placed at the top of the chart and your personal recruits are placed under you. The program marks them as your level 1 recruits.
If your level 1 recruits also recruit people, they are placed on a level below them. These are now their level 1’s and your level 2.
This goes on for a theoretical infinite number of levels. We don’t know what the max level is for Sincere Systems either.
Referral commission pays out 5% to 16% referral commissions on funds invested. This is a breakdown of the rates you earn per level:
Level 1 – invest $100 and get a 5% referral commission rate
Level 2 – earn $3000 in downline investment volume and get a 7% referral commission rate
Level 3 – earn $10,000 in downline investment volume and get a 9% referral commission rate
Level 4 – earn $25,000 in downline investment volume and get a 10.5% referral commission rate
Level 5 – invest $500 and earn $50,000 in downline investment volume and get a 12% referral commission rate
Level 6 – invest $1000 and earn $100,000 in downline investment volume and get a 13% referral commission rate
Level 7 – invest $5000 and earn $500,000 in downline investment volume and get a 14% referral commission rate
Level 8 – invest $10,000 and earn $1,000,000 in downline investment volume and get a 14.5% referral commission rate
Level 9 – invest $30,000 and earn $3,000,000 in downline investment volume and get a 15% referral commission rate
Level 10 – invest $100,000 and earn $10,000,000 in downline investment volume and get a 15.5% referral commission rate
Level 11 – invest $250,000 and earn $25,000,000 in downline investment volume and get a 16% referral commission rate
Note that 20% of all investments is paid into Sincere Systems, or rather your upline. Upline refers to the people on top of you (you can’t join into the program by making your own pyramid).
Sincere Systems Ugly Truths Revealed!
#1 Pyramid Scheme!
Their compensation plan is nothing but incentives for recruiting. The more people you recruit into the program, the more money you make.
And this is also the only proof that they’re generating income. Which brings us to our next point.
#2 Securities Fraud Anyone?
Because they are not registered with any agency to carry out investments and other transactions, they are committing securities fraud. Securities fraud is a serious crime and you could go to jail if you earned a single penny out of this program.
#3 You’re Not Getting Paid!
On the topic of earning a penny, you’d be lucky if Sincere Systems would actually you. Their exit scheme would just be them offering a token of sorts that you’d convert your earnings to. Then this token would only have arbitrary value within Sincere Systems.
The token they generate has no value outside of Sincere Systems. You’re fooled into thinking that the token is worth something and that your money is safe within Sincere Systems.
What I Like About Sincere Systems?
There’s nothing to like about this company. They’re one big pyramid scheme.
Is Sincere Systems a Scam?
Sincere Systems is a pyramid scheme, and we have enough reasons to believe that it is one.
The incentives are focused solely on recruitment and this is the only source of income that the company has. There’s no proof that they’re generating income other than through recruitment.
You’re also committing securities fraud because they are not registered with any financial regulatory agency. If you make money promoting Sincere Systems, you could go to jail. \
This program is just bad news and will more likely shut down when recruitment stops. However, we’re inclined to think that they’re going to exit before they even get shut down. They will exit, pay themselves, and rebrand a couple of weeks after.
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In fact, with affiliate marketing...
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