Solis promises investors a monthly return of 31% on precious stone trading, a claim unsupported by verifiable evidence. The company names Richard Eddison as CEO, yet provides no verifiable details about him or the company’s operations. The Solis website domain, solis.land, was registered privately on April 18th, 2017.
The company's "about" page is filled with generic marketing language. It states experts work in numerous countries like the USA, South Africa, Belgium, and Australia, accumulating production and sales channels over decades. Solis claims to employ top gemologists and cutters who transform untreated sapphires, rubies, emeralds, and diamonds into jewelry comparable to stones from major exchanges in cities such as Ramat Gan, London, and Hong Kong. However, no proof is offered to support these assertions, and third-party verification is absent. This lack of substantiation is particularly concerning given the established nature of the legitimate precious stone industry.
Further raising suspicion are apparent typos and grammatical errors throughout the Solis website. The affiliate rank "Rubin" (German for Ruby) and "Emarald" (likely a misspelling of Emerald) suggest a non-native English speaker is managing the site. Questions regarding withdrawal sums are phrased awkwardly, such as "WHAT ARE THE MINIMAL AND MAXIMAL SUMS THAT I CAN ORDER FOR WITHDRAWAL?" This points away from the purported CEO, Richard Eddison, being a real person and suggests the operation is likely run by Germans based in Europe.
Solis does not offer any actual products or services for affiliates to sell. The sole means of participation is by marketing Solis affiliate memberships. The compensation structure revolves entirely around affiliates investing funds with the promise of high monthly returns.
The advertised returns escalate dramatically with investment size. For instance, investing $1 yields a 17% monthly ROI, capped at $25. This climbs to a 31% monthly ROI for investments of $100,000, with the maximum investment also set at $100,000. These figures far exceed typical returns from legitimate precious stone trading or any conventional investment vehicle. The absence of transparency regarding financial statements, regulatory oversight, or audited results makes these promised returns untenable.
Victims of such investment schemes often face significant financial losses. Recovery options can be limited, but reporting the activity to relevant financial authorities and consumer protection agencies is a crucial first step.