What Is VRB Corporation?
One of the most sought-after opportunities within the MLM industry is cryptocurrency investments. These programs supposedly guarantee generous returns (ROI’s), however, most of them are either scams or they replicate an MLM-based compensation plan aggressively focused on recruiting more members, which will eventually collapse on itself!
These programs are identical to pyramid schemes and have come to the attention of the regulators who aim to swiftly shut them down.
In this review, we’re checking out a program called VRB Corporation which exhibits all of the above. This company could potentially be a scam!
The fact that you’ve taken a moment to scrutinize this product before buying it should be applauded. You’ve done yourself a huge favour. Your due diligence will save you from wasting money and time.
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 VRB Corporation in any sort of way and I’m not trying to sell you this product.
Instead, I’m here to reveal what this scheme is all about…
VRB Corporation Product Review
- Name of Product: VRB Corporation
- Owner: Richard Thomson
- Type of Product: Cryptocurrency Multi-level Marketing Scheme
- Cost: Minimum investment of $100
- Who Is This Product Best For? NOBODY
VRB Corporation Product Summary
VRB Corporation claims to offer a cryptocurrency investment scheme structured around a Multi-level marketing compensation plan. The program resembles a pyramid scheme because of the big incentives to recruit other members. VRB is full of alarm bells that point to a scam.
Product Rating: 1/100
Would I Recommend This Product? Definitely Not
VRB Corporation Explained
VRB Corporation doesn’t really go in the nuts and bolts of how their product actually makes money. We don’t know much about who’s operating the company or the background of the founder.
The company claims to be an MLM investment scheme that profits from cryptocurrencies and subsequently guarantees a ROI depending on the amount of money you invest. Commissions are also paid for the number of additional new members you sign up to the program.
On the face of it, the company tries to convince you that an income can be generated passively, however, this is not the case.
VRB Corporation is supposedly owned by someone named Richard Thomson. He’s shown in a promotional video and talks with a British accent. The company has been promoting its product to various countries including Malaysia, Vietnam, and the Philippines.
A search of their domain reveals a few things…
The domain name was initially registered in 2014 and renewed in 2019. The domain was privately registered, however, the address used was in Arizona USA.
I could not find any further details about Richard Thomson beyond the walls of VRB Corporation, therefore, the name is either made up or he’s a hired salesman.
VRB Corporation Product Range
The premise of a multi-level marketing company is that it offers a range of products or services for its members to promote and sell. Worryingly, the only item on offer at VRB Corporation is the membership plan.
Signing up as a member will give you access to the full compensation plan and nothing else.
If you’re looking for a reason to avoid this program, this is it!
Does VRB Corporation Work?
On their promotional material, VRB Corporation professes to be a global front-runner in the financial and commercial services sector.
Apparently, users can also access wealth management, retail banking, and corporate banking as part of the service.
These claims are almost laughable when you consider that, at the time of this writing, the business is still relatively new.
Okay, so let’s look at cryptocurrency offering. The company offers what they call VRT tokens. The idea is that you invest in these tokens then earn them back as a return on investment.
You should also be aware that the token doesn’t carry a monetary value on the market. The value for each token is determined by VRB Corporation.
There’s no evidence that trades or investments are actually performed by the company. In fact, VRB Corporation is not authorized by the regulators to handle these types of financial transactions!
A search on the SEC site yields no results that VRB Corporation is registered or allowed to undertake trades and investments.
What does that mean for you as a potential member?
The only way for the company and its member to generate money is to get more people to join the program and hand over their money to pay for the membership recruitment charges.
This money is then used to pay members at the highest levels first, and then it cascades down to the lower levels until it runs out. Members at the lowest levels will not enjoy any of this money until they start recruiting more people beneath them.
How Do You Profit with VRB Corporation?
VRB Corporation offers 2 methods for its members to make money through their program:
- Commissions from ROI (return on investments)
- Commissions from referrals
Signing Up with VRB Corporation
To join the program you need to buy a minimum of $100 worth of VRT tokens to gain access to their “investment” offerings. You can buy more tokens, however, this is a total waste of time and money.
VRB Corporation Compensation Plan
ROI (Return on Investment) Commission
VRB Corporation claims that ROI is guaranteed once you’ve signed up. Their compensation plan states that you can join either of the two levels below:
- Investment level between $100 to $5,000 = Daily ROI of 0.3% to 0.5%
- Investment level between $5,001 to $100,000 = Daily ROI of 0.5% to 0.82%
Note:
- The company tracks its VRT Tokens via VRB Points.
- As of July 2019, the tokens were valued at $1.81 but have not been revised since then.
Commissions Through Referrals
Members are paid commissions for recruiting new members to the program and building teams.
This is based on a uni-level model. Members that you’ve personally recruited are placed on level 1 and their recruits are placed on level 2 and so on. The maximum number of levels is 20.
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VRB Corporation Exposed!
1). Their Tokens Are Worthless
The biggest setback with VRB Corporation is, not only is it a pyramid scheme, but their tokens are not worth any monetary value outside of the program itself. Therefore, if the company was shut down, which is highly likely, you would be stuck with a bunch of worthless tokens.
Furthermore, you can’t trade the tokens for different cryptocurrencies.
2). A Ponzi Scheme About To Implode!
Ultimately, the company generates virtually all of its revenue from recruiting and as such, it’s a Ponzi scheme.
Therefore, the funds will dry out once the recruitment grinds to a halt.
3). Misleading Connection To Comerica Bank
In an attempt to appear genuine, the company claims to have ties with Comerica Bank. Apparently, they are financially backed by the bank.
Upon discovering this misleading information, Comerica Bank released a statement rejecting the claims and cited them to be completely inaccurate.
VRB Corporation and its employees are not linked to Comerica Bank!
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Advantages of VRB Corporation?
Unfortunately, VRB Corporation is not a program worth pursuing. I could not find a single benefit of joining this scheme. If you are looking for a full-time income working from home or maybe need some extra cash to subsidize your current income, this is not it.
Is VRB Corporation a Scam or a Genuine Business?
VRB Corporation offers zero value for your investment. The program is equally as worthless as its tokens.
- We’ve uncovered a bunch of unscrupulous tactics inside this program to brand it a Ponzi scheme. They are operating without the authority from the regulators to handle your money. There’s no evidence to show that your money is actually invested beyond the membership incentives.
- VRB Corporation gave misguided statements about being linked to an established bank, these statements were quickly denied by the bank.
- Their tokens carry zero market value outside of the program and as such, are worthless.
Save your money, steer clear of VRB Corporation and invest your hard-earned cash elsewhere!
How Do I Use The Internet to Make a Full-Time Salary?
I’m not a big fan of get-rich-quick schemes or Cryptocurrency MLM programs, 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…
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An Amazon FBA business can help you to…
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