Genesis Business Group operate in the trading MLM niche.
The company’s website domain (“goldtinkle.com”) was registered on December 9th, 2018.
Heading up Genesis Business Group is founder and Group Chairman, David Cheng.
While Cheng (right) appears to be a real enough person, I was unable to find anything about him outside of Genesis Business Group marketing.
Mr. David Cheng was a Hong Kong born, British citizen, educated and brought up in England.
Mr. Cheng received his MBA in Business Management and Administration in 2007.
He has two decades experience in finance and devoted in the particular field of promoting products.
That last sentence is particularly suspicious given the lack of independent information on Cheng available.
On the corporate side of things, Genesis Business Group is based out of Malaysia.
In what appears to be an attempt at disingenuous regulatory compliance, Genesis Business Group provides details of NFA registration.
According to their website,
NFA is the industrywide, self-regulatory organization for the U.S. derivatives industry.
For the purposes of regulatory due-diligence, Genesis Business Group’s NFA registration is meaningless.
Highlighting this even further is that, even though Genesis Business Group has an NFA ID, its
registration page
states it’s a “non-member and not subject to NFA oversight”.
Read on for a full review of the Genesis Business Group MLM opportunity.
Genesis Business Group’s Products
Genesis Business Group has no retailable products or services, with affiliates only able to market Genesis Business Group affiliate membership itself.
Genesis Business Group’s Compensation Plan
Genesis Business Group affiliates invest funds on the promise of 70% of a 15% monthly return.
Genesis Business Group keeps 20% of the 15% monthly return. The remaining 10% is used to fund the company’s compensation plan.
Referral Commissions
Genesis Business Group 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 affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Genesis Business Group caps payable unilevel team levels at five.
Referral commissions are paid out as a percentage of returns paid to affiliates across these five levels as follows:
level 1 (personally recruited affiliates) – 4%
level 2 – 3%
levels 3 to 5 – 1%
Differential Commissions
Genesis Business Group offers some sort of rank-based “differential commission”.
The differential commission is poorly detailed in their marketing material, so there’s not much point going into it.
Here’s a chart provided in Genesis Business Group’s marketing material
🤖 Quick Answer
What is Genesis Business Group's primary business model?Genesis Business Group operates within the trading MLM (multi-level marketing) sector. The company's website domain, goldtinkle.com, was registered in December 2018. The organization is led by founder and Group Chairman David Cheng, who claims extensive experience in finance and product promotion across two decades of professional activity.
Who is David Cheng and what is his background?
David Cheng is the founder and Group Chairman of Genesis Business Group. He is a Hong Kong-born British citizen educated in England. Cheng obtained an MBA in Business Management and Administration in 2007 and reportedly possesses twenty years of experience in finance and product promotion, though independent verification of his credentials remains limited.
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