What Is ABA Marketing?
ABA Marketing is only one of the several Boris Ponzi schemes that we’ve looked at on this page. But what is a Boris Ponzi scheme, exactly?
It’s named Boris since it’s Russian or Eastern European in origin. We’ve labeled them as such because we have reason to assume they’re linked to one another by chance or as part of a larger network.
If you’re not new to our blog, then I’m sure you have come across our multiple reviews of MLM programs in the cryptocurrency niches that seemingly share the same MO. I have no doubt or I wouldn’t be surprised at all if it turns out that the people behind these scams are the same group of people.
The fact that you’ve taken a moment to scrutinize this product before signing up should be applauded. You’ve done yourself a huge favor. Your due diligence will save you from potentially wasting your time and money.
A good bit of research always goes a long way in the fight against online scams. Creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed I’d like to let you know that I’m not linked to ABA Marketing in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to show you why this program should be avoided…
ABA Marketing Product Review
- Name of Product: ABA Marketing
- Owner: Unknown
- Type of Product: Cryptocurrency Ponzi Scheme
- Cost of Product: Unknown
- Who Is This Product Best For? No one!
ABA Marketing Product Summary
ABA Marketing is just another Ponzi scheme marketing itself as an MLM program in the cryptocurrency niche. This company has no correlation whatsoever to the American Bankers Association which is a banking institution based in the USA which shares a similar name.
Unlike the latter, ABA Marketing is nothing but a scam and it’s best you avoid this program at all costs to save your money and your time.
Product Rating: 0/100
Would I Recommend This Program: DEFINITELY NOT!
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ABA Marketing Background
On their main page, ABA Marketing claims to be an investment platform and an MLM organization in the cryptocurrency niche. But there is very little information about what they actually do.
Furthermore, their domain name was first registered in June 2014, however, it was just recently changed in June 2021. What’s more, the country code supplied by ABA Marketing’s domain registration places them in Saint Kitts and Nevis, which also matches their website’s corporate location.
They also provide an incorporation certificate from the same country but keep in mind that this piece of paper is practically worthless in terms of MLM due diligence.
If you don’t already know, scammers and other kinds of suspicious people frequently establish shell firms in Saint Kitts and Nevis in order to dodge certain regulations and as well as to launder money and hold other illegal activities.
Only one of the four social media profiles listed on their landing page is still active: VKontakte. This is a Russian social networking platform, thus we’re guessing that ABA Marketing is based in Russia.
However, while its source code and marketing materials are written in Bulgarian, the website’s primary languages are English and Russian. Not to mention, Russia accounts for about 95% of their traffic to their site.
All evidence points to the same conclusion. Whoever is running ABA Marketing is doing so in Russia or Bulgaria.
ABA Marketing Product Line
ABA Marketing does not sell any physical items or services to its members. Rather, it solely exists to give its members an earning opportunity, which entails recruiting and referring new members into the program.
How Does ABA Marketing Work?
There are a few red flags with ABA Marketing, but the most obvious one is in what it really does. Or, more accurately, the lack of what it does.
In fact, ABA Marketing gives very little information about the services they offer. Is it a multilevel marketing company? Is this a cryptocurrency firm? An investment firm? What is it exactly? And why are they so reluctant in being transparent about their company’s information.
According to their background, they were in the tourism business in 2017 before transitioning to cryptocurrencies. Going from tourism to crypto is, in my opinion, a significant leap. Where’s the correlation here?
An even bigger red flag is the fact that nothing on their website, or anywhere else on the internet, demonstrates that they are making money or profiting from trading and investing.
Currently, ABA Marketing’s only source of revenue is through members recruiting more people into the program. Furthermore, the Bank of Russia has even issued a warning against ABA Marketing earlier this year for showing signs of being an illegal pyramid scheme.
Getting Started with ABA Marketing
Signing up as a member for ABA Marketing is completely free. However, I was unable to determine how much money is required for you to invest in order to participate in their income opportunities due to the language barriers.
ABA Marketing Compensation Plan
Compensation plans of usual MLM organizations are already complex and complicated as it is. Because ABA Marketing is in Bulgarian, things are much more difficult to understand. We were able to gather a few details from third-party sources, which was a huge help.
Please bear in mind that we’re utilizing US dollars to make things simple and realistic.
Affiliate Ranks
Within ABA Marketing’s compensation model, there are 10 affiliate ranks. They are as follows, along with their respective qualification criteria:
- Consultant 1 – sign up as an ABA Marketing affiliate
- Consultant 2 – generate 100 E in downline investment volume
- Consultant 3 – invest 100 E and generate 700 E in downline investment volume
- Advisor 1 – invest 300 E and generate 3000 E in downline investment volume
- Advisor 2 – invest 800 E and generate 10,000 E in downline investment volume
- Structural Director – invest 1200 E and generate 25,000 E in downline investment volume
- Regional Director – invest 1700 E and generate 60,000 E in downline investment volume
- International Director – invest 2000 E and generate 100,000 E in downline investment volume
- Executive Director – generate 250,000 E in downline investment volume
- Supervisor – generate 500,000 E in downline investment volume
The amount obtained by dividing invested funds by 300 is referred to as E in the following sections. So you’re looking at EUR600,000 and EUR 30 million in downline investment for 2000 E and 100,000E, respectively.
Referral Commissions
Affiliates of ABA Marketing are paid a commission on funds invested by members they directly recruited. Referral commissions are calculated by ABA Marketing by turning cash invested into E units (dividing them by 300).
The E unit value is then multiplied by a rank-based factor:
- Consultant 1 affiliates earn E * 3.5
- Consultant 2 affiliates earn E * 4.5
- Consultant 3 affiliates earn E * 6.5
- Advisor 1 affiliates earn E * 8.5
- Advisor 2 affiliates earn E * 10.5
- Structural International Directors earn E * 12
- Regional Directors earn E * 13.5
- International Directors earn E * 13.7
- Executive Directors earn E * 13.9
- Supervisors earn E * 14
ROI Referral Commissions
ABA Marketing also has referral commissions based on ROI that appear to be different from the usual referral commissions you might be familiar with. We’re not sure what this pertains to exactly, but the wording in their PowerPoint presentation says: Passive income % of personal profit attracting capital.
So this could potentially be a percentage connected to ABA Marketing as well.
However, in the example given, €150,000 EUR is reduced to €3000 EUR and then multiplied by the relevant percentage (I’m assuming “3 yp” equates to rank 3 to obtain 3%).
The shrunken numbers are both 2% of the value used to compute the ROI referral commission (for example, 150,000 –> 3000 and 700,000 –> 14,000). I’m not clear where this decrease comes from because no explanation is given.
ROI referral commissions are categorized in the same way that referral commissions are. This implies that 10% of all ROI payments are paid out, allowing higher-ranking affiliates to recover the difference from their lower-ranking downline affiliates.
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Monthly Bonuses
The following monthly bonuses are available from ABA Marketing to Structural Directors and higher ranks:
- qualify at Structural Director and earn $300 a month
- qualify at Regional Director and earn $600 a month
- qualify at International Director and earn $900 a month
- qualify at Executive Director and earn $1200 a month
- qualify at Supervisor and earn $1500 a month
Rank Achievement Bonuses
For attaining specific milestones, ABA Marketing awards Rank Achievement bonuses:
- generate 500 units within your first month or 700 units in any other month, and receive a personalized watch with one diamond diamond on it
- generate 700 units within your first month or 1200 units in any other month, and receive another personalized watch with twelve diamonds on it
- qualify at Advisor 1 and receive tickets to a two-day Leadership Program
- qualify at Advisor 2 and receive tickets to a three-day Leadership Program and a Parker pen
- qualify at Structural director and receive tickets to another three-day Leadership Program, and a personalized gold watch with twelve diamonds on it
- qualify at Regional Director and receive €4000 EUR
- qualify at International Director and receive what appears to be a golden bracelet set with a diamond
- qualify at Executive Director and receive €10,000 EUR
- qualify at Supervisor and receive €20,000 EUR
It’s important to note that the term “units” is not the same as the E Units utilized in their compensation plan.
ABA Marketing Ugly Truths Exposed!
#1 Nothing But A Ponzi Scheme!
ABA Marketing and its whole business model point to the conclusion that this company is nothing more but a Ponzi scheme. That’s all there is to it.
There is absolutely nothing legitimate about this program that demonstrates it’s anything but an illegal pyramid scheme. There’s very low-income potential here and you’re sure to lose more money in the long run if you ever join here.
ABA Marketing, like your run-of-the-mill Ponzis, will never tell you what they are up-front. They will keep you wondering what they’re up to, and most of the time, they will just tell you you’re joining some type of investment platform, specifically in cryptocurrency.
My advice? Run as far as you can from these kinds of companies.
Advantages of ABA Marketing
Absolutely nothing! I don’t see how you could ever benefit from joining a Ponzi scheme. These kinds of scams are illegal and if you are ever caught promoting or even joining such programs, you can potentially face some serious consequences or even legal repercussions.
The best you can do is avoid them completely. Save your money and your time and effort into something that is actually worth your while.
Is ABA Marketing a Scam or a Legit Program?
ABA Marketing is nothing but a scam. This whole program is difficult to understand because everything is in Bulgarian. But that shouldn’t sway you from the fact that this is a Ponzi scheme.
Nothing on their program demonstrates that they are legitimate. If you’re looking for a better way to make money, I have a far better option for you.
How Do I Use The Internet to Make a Full-Time Salary?
I’m not a big fan of get-rich-quick schemes, let’s just say that I’ve been caught short a few times.
Instead, an Amazon FBA Business is my leading recommendation for people that want to build a thriving full-time online business working from home.
Here are my reasons why…
- There’s no pressure to recruit family and friends, or anyone else for that matter.
- Learn a unique method to source incredible, high profit, low-competition products that are virtually hidden from your competitors.
- You don’t need to sell hundreds of different products to create lucrative profits with this fresh, exciting business model.
An Amazon FBA business can help you to…
Generate a 5-7 Figure Salary and become financially free from the limitations of a traditional day job. You can do this in less than 12 months!
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