Jose Chirinos, a former CrossFit instructor from the Dominican Republic, is once again operating a cryptocurrency investment scheme that promises daily returns of up to 1.5%. Quantum, his latest venture, began rebranding efforts in February 2022, following the collapse of his previous scheme, EcoTrade, which went dormant in November 2021.

The Quantum operation continues as a direct continuation of EcoTrade. EcoTrade's official Facebook page, previously named EcoTradeFX, was simply renamed to QuantumFX on February 8, 2022. The old EcoTrade website still exists, with its primary Facebook link now redirecting users straight to Quantum's new page. This direct link confirms the schemes share a lineage.

Chirinos, who previously ran EcoTrade through a YouTube channel called Tendencia Trading, continues to manage the new operation from the Dominican Republic. Tendencia Trading went silent in November 2021 as EcoTrade faltered. Quantum's website, however, claims headquarters in Dubai, a common tactic for such schemes to project false legitimacy. The United Arab Emirates has become a favored jurisdiction for multi-level marketing fraud operators, often due to perceived lax enforcement, allowing them to target global victims while claiming a prestigious address.

Quantum's structure involves no retail products. Instead, the business relies entirely on a binary compensation model where participants recruit new investors. Affiliates join at two membership levels. "Consultants" pay no upfront fee but earn 0.5% daily returns on their investments and a 7% commission on funds brought in by their recruits. "Executives" pay a 5% upfront fee for higher potential returns, receiving 1.5% daily and a 12% commission on their downline's investments. This model means affiliates earn money solely by bringing in more people who also invest.

These promised daily returns prove mathematically impossible for any legitimate investment. A consistent 1.5% daily return compounds to approximately 680% annually. No verifiable investment vehicle in the global financial market offers such consistent, outsized gains. Financial regulators worldwide routinely flag schemes promising these rates as red flags for fraud. The payouts, when they occur, do not come from actual trading or investment profits. They derive directly from funds contributed by newer recruits, a hallmark of a Ponzi scheme.

This fraudulent cycle has already played out twice under Chirinos's direction. EcoTrade made similar promises of high returns before its collapse. Following its demise, Chirinos simply waited a few months, rebranded, and launched Quantum using the exact same pitch and underlying structure. The operators behind this scheme understood the mechanics of their initial fraud. They are now replicating it intentionally with Quantum.

Quantum's website domain was privately registered on May 5, 2022. However, the rebranding activities had already begun months prior. The new YouTube channel launched on February 6, 2022, two days before the EcoTradeFX Facebook page became QuantumFX. This timeline suggests a premeditated strategy to transition the scheme to a new identity before even securing a new web address.

Individuals who invest in Quantum schemes are funding a known criminal operation led by someone with a documented history of financial fraud. The U.S. Securities and Exchange Commission, among other global regulators, warns investors to exercise extreme caution with any investment promising unrealistic returns.