GrowthClub Life’s website does not include executive or ownership details. The domain name “growthclub.life” for GrowthClub Life’s website was privately registered on May 7, 2023. Through off-site marketing, we are able to associate GrowthClub Life with Kamran Abbasi (UK) and Victor Louis Tolulope, also known as Victor Louis Adegunloye (Nigeria).
Abbasi was a member of the executive team, and Olulope promoted NextGen Academy.
Rehan and Rizwan Gohar, known for running Ponzi schemes, began with BizzTrek in 2019, followed by the collapse of BizzTrade and its reboot, BizzTrade Pro. After it failed in 2022, they launched NextGen Academy, which soon led to My Car Club in 2023. Both collapsed by May 2023 after a money laundering probe in Australia. By September, associates Adegunloye and Abbasi began promoting GrowthClub Life, raising fresh concerns.
GrowthClub Life markets access to passive returns through its so-called “ElevateWealth” automated trading, promoting returns of up to 20% monthly and a 600% cap over 24 months via compounding.
Conservative Plan: Up to 10% monthly, capped at 300% in 24 months
Aggressive Plan: Up to 20% monthly, capped at 600% in 24 months
Minimum Investment: $500
ROI Fee: 35% on all returns
Standard: $49.99/month
Normal: $224.99/6 months
Advantage: $399.99/year
Premium: $999.99/3 years
These high ROI promises, tied to mandatory fees, raise red flags typical of high-risk or unsustainable investment schemes.
The growthClub Life pay scheme is dependent on affiliate recruitment and exchanging customer referrals.
Affiliates of GrowthClub Life must pay a $50 membership fee. This charge is given to recruiting affiliates as a present.
For example, you get paid $50 for bringing on a GrowthClub Life associate.
Top recruits receive a monthly bonus from GrowthClub Life:
ROI fee commissions are paid out via a unilevel compensation structure.
Commissions from ROI fees are distributed via a unilevel compensation plan. Every individually recruited affiliate is positioned directly behind the top affiliate in a unilevel compensation scheme (level 1)
New affiliates are added to level 2 of the original affiliate’s unilevel team if any level 1 affiliates hire them. Level 2 affiliates get promoted to level 3, and so on, down an essentially limitless number of levels, if they bring on new affiliates.
GrowthClub Life has a ten-level payment cap for unilevel teams. The following is the breakdown of ROI fee commissions, which are paid as a percentage of the 35% ROI fee assessed at each of these ten levels:
According to GrowthClub Life, it provides up to $1 million in trading finance.
The person who recruited a GrowthClub Life affiliate will receive 10% of the returns produced by provided capital if the affiliate is eligible for funding.
The cost of a GrowthClub Life affiliate membership is $50, which is paid in USDT (tether). GrowthClub Life is a company that uses Convey to collect fees. If you pay with digital currency, our subsidiary Convey Dot Ltd. may handle the transaction on our behalf. Convey markets itself as a “alternative payment infrastructure for Africa” on its website.
GrowthClub Life is a pyramid scheme that combines securities and commodities fraud with giving. GrowthClub Life’s gifting pyramid system is straightforward: You pay $50 to become an affiliate and be paid $50 for each new member you bring on board. GrowthClub Life’s ElevateWealth securities and commodities fraud side operates through a standard “lulz can’t touch our money!” ploy.
Affiliates are permitted to invest money in their own exchange account under the “lulz can’t touch our money!” paradigm. This is carried out on the promise of passive earnings obtained through alleged trade of unidentified origin by GrowthClub Life. This technique deceives investors into thinking that monies cannot be stolen because they are exchanged in their own broker/exchange accounts.
There is clearly a discrepancy here. Even yet, at 20% every month, there ought to have been a lot of GrowthClub Life billionaires in the last 12 months. Rather, GrowthClub Life’s traffic is too low for SimilarWeb to monitor as of November 2024. The money lost through Pending GrowthClub Life’s pyramid scheme is on top of the trading losses. The bulk of GrowthClub Life affiliates will be impacted by this alone when the aforementioned pyramid scheme eventually falls apart. Oh, and of course, don’t fall for this scam about a one-million-dollar funded account. Without some very strict conditions, no one is granting random people access to a million dollars.
There are no reviews yet. Be the first one to write one.
