Bity.Pro fails to provide ownership or executive information on its website.
Bity.Pro’s website domain (“bity.pro”), was registered in May 2022. The private registration was last updated on June 19th, 2023.
In an attempt to appear legitimate, Bity.Pro provides incorporation details for “Buty Limited”.
Bity Limited was incorporated in the UK on March 14th, 2023.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and
effectively unregulated
. On top of that the FCA, the UK’s top financial regulator,
do not actively regulate MLM related securities fraud
.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
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.
Bity.Pro’s Products
Bity.Pro has no retailable products or services.
Affiliates are only able to market Bity.Pro affiliate membership itself.
Bity.Pro’s Compensation Plan
Bity.Pro affiliates invest USD equivalents in cryptocurrency.
This is done on the promise of advertised hourly returns:
invest $25 – $100,000 and receive 1% an hour for 120 hours
invest $500 to $100,000 and receive 2% an hour for 60 hours
Bity.Pro pays referral commissions on invested cryptocurrency down three levels of recruitment (unilevel):
level 1 (personally recruited affiliates) – 5%
level 2 – 2%
level 3 – 1%
Joining Bity.Pro
Bity.Pro affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $25 investment.
Bity.Pro solicits investment in various cryptocurrencies.
Bity.Pro Conclusion
Bity.Pro is a simple Ponzi scheme hidden behind web3 crypto waffle.
Fueled by cryptocurrency, the internet’s future will be revolutionized by Web3, promoting fairness and equality, while granting ownership to its builders, creators, and users.
We firmly believe in your fundamental entitlement to exercise control over your finances, data, and identity.
We possess a visionary mindset, embracing calculated risks and pursuing groundbreaking endeavors.
Unafraid to make difficult decisions that align with our enduring goals, we recognize that the seemingly insurmountable becomes achievable when determinedly pursued.
None of that nonsense has anything to do with Bity.Pro’s business model.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Bity.Pro of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
🤖 Quick Answer
What ownership information does Bity.Pro disclose on its website?Bity.Pro fails to provide ownership or executive information on its website. The company claims incorporation as "Buty Limited" in the UK on March 14th, 2023, but does not transparently identify its beneficial owners or management team.
Why is UK incorporation considered a potential risk factor for investment schemes?
UK incorporation is inexpensive and minimally regulated. The FCA does not actively regulate MLM-related securities fraud, making the UK a preferred jurisdiction for fraudulent operations. This combination creates elevated risk for investors in schemes using UK incorporation.
When was Bity.Pro's domain registered and updated?
Bity.Pro's domain was registered in May 2022 with private registration. The private registration details were last updated on June 19th, 2023, obscuring transparent ownership information from public records.
🔗 Related Articles
- Qwidex securities fraud warning from Australia
- Trust Investing Ponzi collapses, pulls “hackers!” exit-scam
- Second Cryptex securities fraud warning from Germany
- Carlos Martinez & Alisha Shepperd settle Forsage Ponzi fraud
- Massachusetts charge TelexFree as “billion dollar Ponzi”
