Sincere Systems Review: Insincere token exit-scam Ponzi

Sincere Systems provides no information on its website about who owns or runs the company.

In an attempt to appear legitimate, Sincere Systems provides a UK incorporation link in its website FAQ.

Sincere Systems Group LTD was incorporated in June 2020.

UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

For the purpose of performing MLM due-diligence, UK incorporation is meaningless.

As opposed to the UK, Sincere Systems appears to be operated out of Russia and/or the Ukraine.

This is supported by Russia and Ukraine being the only notable sources of traffic to Sincere Systems’ website. At the time of publication Alexa pegs Russia at 36% and the Ukraine at 22%.

Russian text appears in documents provided by Sincere Systems:

Sincere Systems’ YouTube channel is full of Russian language marketing videos:

And all of Sincere Systems marketing webinars are scheduled on Russia/Ukraine time, with hosts bearing names you’d expect (e.g. Vadim Mashurov, Alexey Kozinov, Lina Nikonenko etc.)

Who is running Sincere Systems from Russia and/or the Ukraine is not disclosed.

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.

Sincere Systems’ Products

Sincere Systems has no retailable products or services, with affiliates only able to market Sincere Systems affiliate membership itself.

Sincere Systems’ Compensation Plan

Sincere Systems affiliates invest $100 or more on the promise of an advertised monthly ROI:

Referral commissions on invested funds are paid out 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.

Sincere Systems pays a 16% referral commission on funds invested.

Affiliates earn 5% to 16% based on rank, with higher ranked affiliates able to pick up the difference between their rank and lower ranks within their unilevel team.

Level 1 – invest $100 and receive a 5% referral commission rate

Level 2 – generate $3000 in downline investment volume and receive a 7% referral commission rate

Level 3 – generate $10,000 in downline investment volume and receive a 9% referral commission rate

Level 4 – generate $25,000 in downline investment volume and receive a 10.5% referral commission rate

Level 5 – invest $500 and generate $50,000 in downline investment volume and receive a 12% referral commission rate

Level 6 – invest $1000 and generate $100,000 in downline investment volume and receive a 13% referral commission rate

Level 7 – invest $5000

🤖 Quick Answer

What information does Sincere Systems disclose about its ownership and management?

Why is UK incorporation considered problematic for assessing legitimacy?
UK incorporation is inexpensive and minimally regulated, making it an accessible choice for fraudulent operators. For MLM due diligence purposes, this jurisdiction offers limited meaningful verification of company legitimacy.

What geographic indicators suggest Sincere Systems' actual operational location?
Website traffic analysis reveals Russia accounts for 36% and Ukraine for 22% of visitors, suggesting operational headquarters in Eastern Europe rather than the claimed UK jurisdiction, corroborated by Russian-language documentation.

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