A cryptocurrency scheme promising investors returns of up to 250% has surfaced under the name QunoMine, operating with deliberate anonymity. This operation appears to be a resurrection of BNB Robot, a previous investment scam that collapsed after defrauding participants. The domain qunomine.io was privately registered on July 26, 2022, with no public information available regarding its owners or management.

Dan Schwartz, formerly the COO of BNB Robot, asserts that QunoMine is indeed the same fraudulent venture under new leadership. Schwartz has sent formal cease-and-desist letters to individuals he identified as "Shamik, JD and Team," reportedly based in India. He stated that his group was not involved in the new operation and had previously instructed the operators to stop using their names and any references to their past involvement.

Shamik Kundu is identified as a central figure in QunoMine's marketing efforts, with his Facebook profile indicating Kolkata, India, as his location. Kundu has a documented history in cryptocurrency fraud, including his involvement with the YoCoin Ponzi scheme, which dates back to at least 2016.

The current scheme relies on promoters who actively recruit new investors. Brian Rhodes, an American citizen now residing in the Dominican Republic, heads an organization called "Digital Passive Education." This group vigorously promotes QunoMine. Rhodes has a history of promoting multi-level marketing cryptocurrency Ponzi schemes, such as FastBNB and Easymatic. Notably, FastBNB was managed by Biman Das, an executive associated with YoCoin, establishing a clear link between past and present scams.

The investment model presented to potential participants involves depositing funds in Binance Coin. Investors are promised daily returns ranging from 1% to 4%, contingent on the amount invested. A deposit between $50 and $250 yields a 1% daily return, while investments of $10,001 or more are promised 4% daily. This structure equates to a claimed 250% return on investment.

QunoMine lacks any genuine products or services. Its entire business model is based on affiliate marketing of memberships. Returns are paid out in QunoCoin, a cryptocurrency created specifically for this scheme and possessing no intrinsic value. Investors must reinvest their earnings to continue profiting. The scheme also mandates reinvestment after achieving a 250% return on initial investment or accumulating 1,000% from a combination of returns and recruitment commissions.

The financial structure employs a five-level unilevel commission system. New investors are placed at level one, with subsequent recruits filling levels two through five. Commissions generated from new investments are paid out to recruiters, creating a strong incentive to continuously bring in new participants.

This operational framework is characteristic of a Ponzi scheme. Funds from later investors are used to pay returns to earlier participants. The absence of a legitimate revenue stream means the entire structure is dependent on a constant influx of new money. When recruitment inevitably slows, the scheme collapses, resulting in financial losses for all but the operators.

QunoMine's secrecy is intended to prevent scrutiny that would reveal its fraudulent nature. Any cryptocurrency investment scheme that withholds information about its operators should be considered highly suspect. Engaging with such operations carries significant financial risk.