On its website, OakSmart omits leadership and ownership details. There are two recognised website domains from which OakSmart operates:
First registered in 2017, oaksmart.com’s private registration was last updated on July 7, 2024. Privately registered on September 13, 2024, is oaksmart.pro. OakSmart claims to have an MSB licence from FinCen in an effort to look authentic. Anyone can register a shell corporation with FinCen, which is not a financial regulator. This makes it pointless to register a shell business with FinCen. On December 2, 2024, the California Department of Financial Protection and Innovation filed a securities fraud desist and refrain order against OakSmart for its misleading statements. While a “CEO’s speech” is available on OakSmart’s website.
No real CEO is mentioned. The original commercial videos for OakSmart are available on YouTube, where stock material is dubbed over with an intriguing accent. OakSmart posted dubbed-over video of a Zoom call in June 2024.
There are no retailable goods or services offered by OakSmart. Only the OakSmart affiliate membership itself may be promoted by affiliates.
Affiliates of OakSmart make cryptocurrency investments in USD equivalents. On the basis of the promised passive returns, this is done:
The payout structure offered by OakSmart has eight affiliate tiers. They are as follows, along with their corresponding qualifying requirements:
A 5% referral commission is paid by OakSmart to affiliates that invest cryptocurrencies.
For affiliates that are personally recruited, OakSmart offers a 50% matching bonus on returns.
The Leading Bonus gives downline affiliates a portion of the total earnings.
Keep in mind that OakSmart affiliates are not eligible to receive the Leading Bonus on downline affiliates with better rankings.
OakSmart divides the 5% corporate investment into smaller bonus pools based on rank. To rank eligible OakSmart associates, these pools are paid out every day.
Joining OakSmart as an affiliate is free.
A minimum investment of $500 is needed to fully participate in the attached income potential. OakSmart invites investors to invest in a range of cryptocurrencies.
According to OakSmart, it makes money from outside sources by using “unique trading strategies.”
We offer financial services based on distinctive trading techniques, utilising cutting-edge technology and innovation in international markets.
There is no concrete proof that OakSmart is bringing in any form of outside income Moreover, the Ponzi logic test is not passed by OakSmart’s business plan. What do they need your money for if OakSmart already has “unique trading strategies” that generate up to 30% per month? Regarding regulations, OakSmart’s investment plan for passive returns is a securities offering. Additionally, in some jurisdictions, OakSmart must register in order to trade commodities.
OakSmart does not offer proof that company has registered with any jurisdiction’s financial authority. Currently, new investment is the only substantiated source of income coming into OakSmart. OakSmart would be considered a Ponzi scheme if it used fresh investments to cover ROI withdrawals. Like other MLM Ponzi scams, new investment will stop coming in as soon as affiliate recruiting stops. As a result, OakSmart will eventually collapse due to a lack of ROI revenue. Ponzi schemes’ mathematical foundation ensures that most participants lose money when they fail.
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