Jubilee Ace Review: Jubilee credits arbitrage Ponzi scheme.
M2 PRESSWIRE-August 8, 2019-: Jubilee Ace Review: Jubilee credits arbitrage Ponzi scheme
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RDATE:07082019
Jubilee Ace operates in the cryptocurrency MLM niche and claims to have been "founded in the British Virgin Islands in 2018".
Jubilee Ace represents an individual named Tony Jackson as its CEO.
Jackson (right) doesn't appear to have a digital footprint outside of Jubilee Ace's website.
On June 9th Jubilee Ace uploaded a video to its YouTube channel titled "Jubilee Ace Global Launch 29th May 2019".
Jackson appears in the video so despite the stock like photo used on Jubilee Ace's website, does appear to be an actual person.
Or at least someone playing him.
Jubilee Ace's launch event was held in Macau and primarily features what appears to be affiliates of Asian origin.
Jubilee Ace's marketing has a notable focus on Thailand and Japan.
It is highly likely that whoever is actually running Jubilee Ace is based out of Asia itself.
Given the lack of information available on Jackson outside of Jubilee Ace, I'm chalking this up to another Asians hire actor to front their company scenario.
Another possible scenario is "Tony Jackson" and friends are from Eastern Europe.
I'm doubting this though as Jackson and friends appear to have been given scripts to read at Jubilee Ace's launch event.
This would require a level of English proficiency typically absent in eastern Europe scammers.
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.
Jubilee Ace's Products
Jubilee Ace has no retailable products or services, with affiliates only able to market Jubilee Ace affiliate membership itself.
Jubilee Ace's Compensation Plan
Jubilee Ace affiliates sign up and invest in credits: *1 Star - invest $1000 and receive 1000 credits *2 Star - invest $3000 and receive 3000 credits *3 Star - invest $5000 and receive 5000 credits *1 Star Diamond - invest $10,000 and receive 10,000 credits *2 Star Diamond - invest $30,000 and receive 30,000 credits *3 Star Diamond - invest $50,000 and receive 50,000 credits
Existing Jubilee Ace affiliates are also to directly invest in Jubilee credits, although pricing is not provided.
Once invested in, Jubilee Ace affiliates can either earn a flat return on their credits or park them with the company for a higher return.
Jubilee Ace pay a daily flat rate of 0.08% to 0.1% return per credit.
Whether this is a...
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