Movve Wallet: The Dubai Crypto Scheme Built on Daily Returns That Don't Add Up
A cryptocurrency wallet company operating out of Dubai is promising investors daily returns of up to 1.5% to lure them into a multi-level marketing scheme with no actual products to sell.
Movve Wallet, headed by CEO Melk Franco, is the latest iteration of a familiar playbook. Franco previously ran MFX Trading School, a Dubai-based forex operation that targeted Portuguese speakers before collapsing after its 2019 launch. The company's Instagram account went dark in January 2023. Now Franco is back with a new domain—movvewallet.com, registered in August 2025—and the same old promise: easy money.
Here's the pitch. Investors deposit a minimum of $35 in cryptocurrency. In return, they're told they'll earn up to 1.5% daily, Monday through Friday. Except there's a catch. Once an investor hits 300% returns (including their original stake and any MLM commissions), they have to reinvest to keep earning. Even then, Movve Wallet takes a 7% cut on every withdrawal. The company sweetens the deal by offering a "savings account" with 7% monthly rollover rates for investors who park their returns instead of cashing out. Translation: stay in the system.
Movve Wallet has no products. There's no wallet technology, no service, nothing of value. Promoters only have one thing to sell: membership itself.
The money comes from recruitment. Movve Wallet pays 7% referral commissions on cash invested by anyone a promoter brings in. The real structure, though, sits in the binary compensation system. Each recruiter sits atop a tree split into left and right sides. Under them are two positions, which split into four, then eight, then sixteen—expanding infinitely downward with no depth limit.
Every day, Movve Wallet tallies new investment on each side of the tree. Residual commissions pay out at 7% of investment volume on the weaker side. This is textbook MLM architecture designed to reward those at the top while making it mathematically impossible for new recruits to profit.
The red flags are everywhere. Franco operates from Dubai, where regulators have become a dumping ground for failed scheme operators and promoters who can disappear across borders. Movve Wallet's promises of consistent daily returns—even modest ones like 1.5%—are fantasy. A 1.5% daily return would generate 548% annually, a number that separates legitimate investments from pipe dreams.
The scheme survives because new money constantly flows in from recruits chasing those impossible returns. Once the cash stops coming, the entire structure collapses. Those at the bottom—the vast majority of participants—lose everything. Those at the top, like Franco, move on to the next opportunity.
🤖 Quick Answer
What is Movve Wallet?Movve Wallet is a Dubai-based cryptocurrency platform operating as a multi-level marketing scheme. It promises investors daily returns of up to 1.5% on deposits starting from $35. The company is led by CEO Melk Franco and registered its domain, movvewallet.com, in August 2025, exhibiting characteristics consistent with a crypto Ponzi structure.
Who is Melk Franco, the CEO of Movve Wallet?
Melk Franco is a Dubai-based entrepreneur who previously operated MFX Trading School, a forex-focused MLM venture launched in 2019 that primarily targeted Portuguese-speaking investors. MFX Trading School's Instagram account ceased activity in January 2023, suggesting the operation collapsed before Franco launched Movve Wallet as his subsequent venture.
**Why is Movve Wallet classified as a potential Pon
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