Beonbit fails to provide verifiable ownership or executive information on its website.

The only reference to BeonBit’s CEO is a news entry for a marketing video:

“Richard Bates” doesn’t exist outside of Beonbit’s own marketing. An obligatory rented office marketing video reveals an actor with an eastern European accent.

This is typical of Boris CEO schemes, which are typically run by Russian and/or Ukrainian scammers.

It should be noted that Bates and the other actors are recent additions to Beonbit. Up until late December 2024 the company was faceless.

In an attempt to appear legitimate, Beonbit provides a registration certificate for Beonbit Pty Ltd.

Beonbit Pty Ltd was registered with the Australian Securities and Investments Commission (ASIC), on December 12th, 2023. Nothing has been filed with ASIC beyond Beonbit’s 2023 company registration application.

ASIC are known for non-regulation of MLM fraud. Furthermore anyone can register a company with ASIC using whatever bogus details, there is no verification.

For this reason ASIC registration is favored by scammers residing outside of Australia.

With respect to MLM due-diligence, ASIC registration certificate as proof of legitimacy is therefore meaningless.

Beonbit’s website domain (“beonbit.com”), was privately registered on October 3rd, 2023.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Beonbit’s Products

Beonbit has no retailable products or services.

Affiliates are only able to market Beonbit affiliate membership itself.

Beonbit’s Compensation Plan

Beonbit affiliates invest USD equivalents in cryptocurrency.

This is done on the promise of advertised passive returns:

Basic – invest $25 to $1000 USD and receive 1% to 1.5% daily for 15 days

Advanced – invest $1000 to $10,000 and receive 1.5% to 2% daily for 25 days

Premium – invest $10,000 to $50,000 and receive 2% to 2.5% daily for 50 days

Expert – invest $50,000 to $500,000 and receive 2.5% to 3% daily for 75 days

Master – invest $100 to $50,000 [sic] and receive 3% to 4.5% daily for 90 days

Professional – invest $50,000 to $500,000 and receive 4.5% to 5.6% a day for 150 days

Note at the Master and Professional tier withdrawals are disabled till the end of the investment period.

The MLM side of Beonbit pays on recruitment of affiliate investors.

Beonbit Affiliate Ranks

There are fifteen affiliate ranks within Beonbit’s compensation plan.

Along with their respective qualification criteria, they are as follows:

Beginner – sign up as a Beonbit affiliate

Partners – generate $25,000 in downline investment

Inviter – generate $70,000 in downline investment

Developer – generate $250,000 in downline investment

Superior – generate $400,000 in downline investment

Mentor – generate $1,000,000 in downline investment

Leader – generate $2,000,000 in downline investment

Top Leader – generate $5,000,000 in downline inves

🤖 Quick Answer

What is Beonbit and how is it classified by independent reviewers?
Beonbit is a cryptocurrency-based multilevel marketing platform that independent reviewers classify as a suspected Ponzi scheme. The company lacks verifiable ownership information, employs actors as purported executives, and follows the "Boris CEO" pattern commonly associated with eastern European fraudulent operations targeting crypto investors.

Who is Richard Bates in relation to Beonbit?
Richard Bates is presented as Beonbit's CEO in company marketing materials. Independent research indicates no verifiable identity exists for this individual outside Beonbit's own content. A promotional video features an actor with an eastern European accent, suggesting the persona was fabricated to lend corporate legitimacy.

What is a Boris CEO scheme in the context of crypto fraud?
A Boris CEO scheme refers to a fraudulent business model in which anonymous operators, typically originating from Russia

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