TrustBet fails to provide ownership or executive information on its website.

TrustBet’s website domain (“trustbet.io”), was privately registered on November 8th, 2023.

In an attempt to appear legitimate, TrustBet provides UK incorporation for TrustBetIO LTD.

TrustBet represents itself to be an MLM cryptocurrency opportunity. It should be noted that the UK’s FCA
outright banned MLM cryptocurrency investment schemes
on October 8th, 2023.

In TrustBet’s official marketing material, “Paul Cassar” is cited as its founder and CEO.

As per the screenshot above, Cassar is represented by an AI avatar. The same avatar was used to represent MeroBit’s CEO:

Obviously neither Paul Cassar or Manny Stalomn exist.

MeroBit
is an MLM crypto Ponzi running the same website template as TrustBet. It’s obvious the same scammers behind Merobit are behind TrustBet.

Whereas the FCA issued a
Merobit securities fraud warning
on November 30th, 2023, thus far TrustBet appears to have flown under their radar.

Whether the Merobit/TrustBet scammers have launched additional scams is unclear.

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.

TrustBet’s Products

TrustBet has no retailable products or services.

Affiliates are only able to market TrustBet affiliate membership itself.

TrustBet’s Compensation Plan

TrustBet affiliates invest USD equivalents in cryptocurrency.

This is done on the promise of advertised returns:

Starter – invest $25 or more and receive 5% a day for 30 days

Premium invest $2500 or more and receive 6% a day for 40 days

Note that if a TrustBet affiliate wishes to withdraw before 30/40 days, a 20% withdrawal fee is charged.

TrustBet pays referral commissions on invested cryptocurrency down three levels of recruitment (unilevel):

level 1 (personally recruited affiliates) – 5%

level 2 – 2%

level 3 – 1%

Joining TrustBet

TrustBet affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $25 investment.

TrustBet solicits investment in various cryptocurrencies.

TrustBet Conclusion

TrustBet’s Ponzi ruse is “asset management tailored for the ambitious investor”.

Given we know this is just a clone of Merobit from the same scammers though, this is obvious baloney.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve TrustBet of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.

🤖 Quick Answer

What is TrustBet and its operational model?
TrustBet is a cryptocurrency investment platform operating as a multilevel marketing scheme. Registered under TrustBetIO LTD in the UK, it presents itself as a legitimate investment opportunity while utilizing identical website infrastructure and AI-generated executive personas previously employed by MeroBit, another cryptocurrency Ponzi scheme.

Why is TrustBet's regulatory status problematic?
TrustBet operates an MLM cryptocurrency investment scheme despite the UK Financial Conduct Authority's explicit prohibition of such structures implemented October 8th, 2023. The platform's UK incorporation appears designed to create false legitimacy while circumventing regulatory requirements and investor protection frameworks.

How does TrustBet's transparency compare to legitimate platforms?
TrustBet demonstrates significant transparency deficiencies by withholding genuine ownership and executive information from public disclosure.

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