Brank provides no information about who owns or runs the company on its website.
On its various social media profiles, Brank represents that it is based out of Manchester in the UK.
On Brank’s LinkedIn profile, Daniel Noormohamed is identified as the company’s founder.
On his own LinkedIn profile, Noormohamed (right) cites himself as
an experienced expert level Application developer specialising in the PHP (including MySQL, Ajax and JavaScript Development).
As far as I can tell, Brank is Noormohamed’s first MLM venture.
Update 21st December 2020 –
A post left by a visitor to Brank’s LinkedIn profile names Nicholas Antel, Chris Hawk Jones and Alan Friedland as Brank partners.
In the comments section of this review, Brank co-owner Ari Maccabi claims Friedland “helped design this to insure we are compliant.”
In April 2020 the
CFTC sued Friedland
for running Fintech Investment Group and Compcoin.
As alleged by the CFTC, Friedland launched compcoin and attached it to a trading bot opportunity.
Naturally the trading bot, named “ART”, didn’t exist.
Instead of gaining access to ART’s high success rate at predicting USD/EUR forex trades and high rate of return from the trades as promised, purchasers of Compcoin were left with a valueless asset.
Indeed, Compcoin was eventually delisted by all digital asset exchanges and is now worthless.
Through Fintech Investment Group and Compcoin, Friedland stands accused of stealing $1.6 million from investors.
The CFTC’s case against Friedland is ongoing, with a trial tentatively scheduled for November 1st, 2021.
But uh yeah, this is the guy Brank supposedly hired for legal compliance. Rightio.
/end update
At the time of publication Alexa cites the US as the sole measurable source of traffic to Brank’s website (100%).
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.
Brank’s Products
Brank has no retailable products or services, with affiliates only able to market Brank affiliate membership itself.
Brank’s Compensation Plan
Brank affiliates invest $6.50 to $6,500 in tokens, which are sold for $1.30 each paid in ethereum.
Through their backoffice, Brank affiliates convert tokens into credits.
Brank pegs the current internal credit value of credits to the rate of investment in tokens.
Affiliates withdraw credits based on the current internal value through Brank’s internal exchange.
The MLM side of Brank’s compensation plan pays on recruitment of Brank affiliates who invest.
Referral Commissions
Brank pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new af
🤖 Quick Answer
What is Brank according to the review?Brank is a company accused of operating a Ponzi scheme involving securities fraud. Founded by Daniel Noormohamed, a PHP developer, it claims to be based in Manchester, UK, and reportedly operates as a multi-level marketing venture with multiple partners including Nicholas Antel, Chris Hawk Jones, and Alan Friedland.
Who owns and operates Brank?
Daniel Noormohamed is identified as Brank's founder on LinkedIn. Additional partners include Nicholas Antel, Chris Hawk Jones, Alan Friedland, and Ari Maccabi, who serves as co-owner. The company provides minimal ownership information on its official website.
What is Noormohamed's professional background?
Daniel Noormohamed describes himself on LinkedIn as an experienced application developer specializing in PHP programming, including MySQL, Ajax, and
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