Carnelian12 fails to offer possession or govt data on its web site.
Carnelian12 operates from two identified web site domains:
- carnelian12.web – privately registered on February twentieth, 2023
- c12.web – first registered in 1999, non-public registration final up to date on Could 4th, 2023
In an try to look respectable, Carnelian12 offers an incorporation certificates for “C12 Buying and selling & Providers Restricted”.
C12 Buying and selling & Providers Restricted is represented to have been included in Hong Kong on March twenty ninth.
C12 Buying and selling & Providers Restricted is a Hong Kong-based entity, based by the tech staff lead Andreas Garcia & Companions.
For the aim of MLM due-diligence, primary incorporation in any jurisdiction is meaningless. That is because of the ease with which scammers are in a position to register shell firms with bogus particulars.
Moreover, “Andreas Garcia & Companions” doesn’t exist exterior of Carnelian12’s web site.
As of April 2023, SimilarWeb tracked high sources of site visitors to “carnelian12.web” because the US (33%), South Africa (14%), Spain (9%) and Italy (8%).
High sources of site visitors to “c12.web” are the US (16%), Germany (13%), Russia (10%), Brazil (9%) and Spain (8%).
The Central Financial institution of Russia issued a Carnelian12 pyramid fraud warning on Could 2nd, 2023.
Though not definitive, this implies Russian scammers is perhaps behind Carnelian12.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Carnelian12’s Merchandise
Carnelian12 has no retailable services or products.
Associates are solely in a position to market Carnelian12 affiliate membership itself.
Carnelian12’s Compensation Plan
Carnelian12 associates make investments USD equivalents in cryptocurrency. That is completed on the promise of a 12% a day ROI paid for 12 days.
Carnelian12 pays referral commissions on invested cryptocurrency down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 5%
- degree 2 – 2%
- degree 3 – 1%
Carnelian12 associates who persuade others to take a position over $100,000 in cryptocurrency obtain 7% on degree 1.
Becoming a member of Carnelian12
Carnelian12 affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal $12 funding.
Carnelian12 solicits funding in varied cryptocurrencies.
Carnelian12 Conclusion
Carnelian12 represents it generates exterior income by way of NFT buying and selling;
The principle exercise of Carnelian12 is buying and selling digital belongings.
The NFTs, which have given new life to cryptocurrencies by combining artwork worth assortment and digital expertise, has additionally triggered good upgrades in our yielding mechanism.
However the NFT market collapsed final 12 months, Carnelian12 offers no verifiable proof it’s engaged in NFT buying and selling.
Moreover, Carnelian12’s enterprise mannequin fails the Ponzi logic take a look at.
Carnelian12 pitches a 144% ROI over 12 days:
If Carnelian12 was able to legitimately producing 144% each 12 days, what do they want your cash for?
Because it stands, the one verifiable income getting into Carnelian12 is new funding.
Utilizing new funding to pay a 144% ROI each 12 days makes Carnelian12 a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Carnelian12 of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.
