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Smart Business Corp- Fraud Alert- Review

On its website, Smart Business Corp. doesn’t say who owns the company or who runs it. According to more research, Ernesto Reséndiz is said to be the founder and CEO of Smart Business Corp.

Resendiz says on his LinkedIn page that he is based in Mexico. This has to do with Smart Business Corp., which is based in Mexico. The company also has a presence in Mexico.

The website domain “smartbusinesscorp.com.mx” for Smart Business Corp was first registered in 2015. The owner is listed as “Ernesto Resendiz Lopez,” but there is only part of his address in Benito Juarez, Mexico.

When you go to the Wayback Machine, you can see that the domain of Smart Business Corp’s website was changed to “smartfundlimited.com.” At least until November 2020, this was the case.

I think the current Smart Business Corp website went live around the middle of 2021. The Smart Fund Limited website says in the footer, “This website is run by SBC.”  At 1276 Kumul Hwy, 1st Floor, Govant Bldg, Port Vila, Vanuatu, SBC runs its business and/or offers services.   

Smart Business Corp, or SBC, has nothing to do with the country of Vanuatu. Scammers usually set up MLM companies by registering shell companies in places where scams are easy to pull off.

Smart Business Corp’s official YouTube channel has videos from as far back as March 2020. It shows how SBC’s offices in Mexico opened: From this, we can tell that Smart Business Corp has had its own name since at least the beginning of the year 2020.

Smart Fund Limited is a bad way to make money. When it came out, SBC said it was a broker: SBC was started in 1996 and is now one of the biggest and most well-known brokers in the business. “We do a huge amount of trading and offer high liquidity to traders all over the world. ”  

At first, I thought Smart Business Corp was just Smart Fund Limited all over again. It turns out that it is a restart of a Ponzi scheme that Resendiz ran before it failed.

IBF International tried to get $410 from investors by saying they would get $100 back every month. It seems to have fallen apart for the first time in 2014, which led the government of Ecuador to arrest the company’s founder, Ernesto Reséndiz, while he was on a publicity tour.

In July 2014, Ecuavisa said, “Mahala   has logged a new case of fraud on a large scale.”  A Mexican man was taken into custody by the police in the capital city of Ourense. He was suspected of being part of a new, large-scale scam using the internet advertising system.   

So far, 30 people who put down between $250 and $410 as a membership fee to get into the advertising business have complained that they haven’t been paid in two months.   

El Comercio said that a foreigner who says he is the director of the IBF International company shows a group of people how what he calls “the largest and most profitable capitalization system without debt” works.   

Ernesto L., 42, was arrested in Machala, the capital of El Oro, on Thursday. He was thought to be in charge of the company.   

After a group of people accused him of not paying, the police caught up with him in an office.   

On July 4, the Second Court of Criminal Guarantees put him in jail before he did anything wrong.    I was unable to find out what happened after Resendiz was arrested. This “debt elimination” nonsense, on the other hand, has been going on in Mexico at least since 2011.

As part of a national tour, Ernesto Reséndiz López, the director of Smart Business Corp, went to Zacatecas to explain this new way of doing business.   

The way this company, which already has 11,000 members across the country, works is that its members come together to help each other financially and get training on how to run successful businesses.   

Even though the idea of members lending money to each other, getting training advice from other members, and making money is simple, he warned that putting it into action is hard.   

The project’s creator, who was in a Fenaza room to give a conference, said that the idea, which starts with not going into debt and has been running for a year, has crossed borders and is now being used in other countries.   

When we put it all together, we have:  Resendiz started the Ponzi scheme Smart Business Corp in Mexico around 2010. When Smart Business Corp fails, Resendiz starts IBF International. IBF International grew beyond Mexico but failed in mid-2014. Resendiz goes back to Mexico at some point and starts a non-Ponzi trading platform called Smart Fund Limited. Smart Fund Limited fails, which leads to the relaunch of Smart Business Corp. Smart Business Corp is relaunched at the same time as Smart Fund Limited, but it doesn’t move onto its own “smartbusinesscorp.com.mx” domain until sometime in 2021.

Mexican authorities seem to have been asleep at the wheel when it comes to Resendiz’s various Ponzi schemes.

Today, we’re going to look at the current version of Smart Business Corp.  Read on for a full review of the MLM opportunity from Smart Business Corp. 

Smart Business Corp has no products or services that can be sold.  Affiliates can only sell Smart Business Corp’s affiliate membership. 

The pay plan for Smart Business Corp. – Affiliates of Smart Business Corp put USD equivalents into bitcoin.  This is done because of the promise of a “compound ROI” that will be paid out every month for 24 months. 

New members of Smart Business Corp can choose between two ways to invest their first money: 

Simple: Invest $795 and earn 2% per month for 24 months, for a total return of $1,278.71.   

Invest $995 and get 5% interest every month for 24 months for a total return of $3208.97. 

Smart Business Corp has “additional plans” that can be chosen after an additional investment plan has been chosen. Whether an affiliate first invests in the Basic or Premium tier determines what other plans Smart Business Corp will offer them.

The extra plans can be bought at the same time as the basic or premier plan, or later on their own.

Invest $795 and $500 over 24 months to earn 3% per month ($904.36 total return on investment).  

If you invest $795 and $1,000, you will get back $2032.79 after 24 months, or 3.5% per month.   

Invest between $795 and $2,000 to receive a 4.5 percent monthly return for 24 months (5126.61 total ROI).  

If you invest $795 and $5,000, you will get back 5.5% per month for 24 months, or $16,125.50.   

Invest $795 and $10,000 and get back $47,489.35 after 24 months, or 6.5% per month. 

Invest $995 + $500 for a monthly return of 5% for 24 months ($4821.52 total ROI).  

Invest $995 or $1000 and earn 5.5 percent per month for 24 months, for a total return of $6823.56.  

$995 plus $2,000 earned at 6% per month for 24 months for a total return of $11,306.84.

Invested $995 and $5,000 and got back 7% per month for 24 months, for a total return of $28,570.80.   

Invest $995 or $10,000 and earn 8% per month for 24 months, for a total of $66,620.78.

Plans for more (invested in after signing up on their own)  I invested $500 and got 2.5 percent back every month for 24 months, for a total return of $904.36.

If you put in $1,000 and got 3% back every month for 24 months, the total is $2032.79.

If you put in $2,000 and got 4% back every month for 24 months, that’s $516.61.

The return on a $5,000 investment over 24 months was $16,125.50, or 5% per month.

If you put in $10,000 and got back 6% every month for 24 months, that’s a total return of $40,489.35. 

The Smart Business Corp MLM program pays affiliate investors to join.

In Smart Business Corp’s compensation plan, there are eight rungs for affiliates. Here are their names and the qualifications they need to meet: Join Smart Business Corp as a partner and put money into it.   

Master Junior: Put in $500 of your own money, find six smart executives who have already put money into another plan, and get a total of $60,000 in investments from your downline.   

Personally invest $1,000, keep the six smart executives you’ve recruited (one of whom is a Master Junior), and get your downline to invest a total of $120,000.   

Master Trainer: Invest $5,000 of your own money in the business, hire nine Smart Executives (one Master Senior and one Master Junior), and get $500,000 from your downline.  

Invest $10,000 of your own money, keep the nine smart executives you recruited yourself (one Master Trainer, one Master Senior, and one Master Junior), and bring in a total of $1,000,000 from your downline.   

If you put in $20,000 and find 12 smart executives (one master manager, one master trainer, one master senior, and one master junior), you can get a total of $2.5 million invested in your downline.

I invest $40,000 of my own money, keep 12 smart executives (one Master Elite, one Master Manager, one Master Trainer, and one Master Senior) that I personally recruited, and bring in a total of $5,000,000 in investments from my downline.   

Invest $100,000 personally, recruit 15 Smart Executives (two Master Elites, one Master Manager, one Master Trainer, and one Master Senior), and get a total downline investment volume of $10,000,000. 

There are other requirements to pass the “Master Test,” which range from “Basic 1” for Master Junior to “Advanced 3” for Master Platinum. No one says what a master test is.

Note that the required downline investment volume isn’t counted 100% for every investment.

Smart Business Corp decreased the number of investments based on the level of the unilevel team. With a unilevel compensation structure, an affiliate is at the top of a unilevel team, and every other affiliate they personally recruit is right under them (level 1):

If an affiliate on level 1 brings in new affiliates, those new affiliates join the original affiliate’s unilevel team on level 2. If any level 2 affiliates bring in new affiliates, they move to level 3, and so on, down a theoretically infinite number of levels.

Smart Business Corp counts the amount of money invested across eight unilevel team levels to determine a team’s rank: The volume from the unilevel team’s levels 1 and 2 is counted as 100 percent.

Ninety percent of the investments come from levels 3 and 4 of the unilevel team.

80% of the investment volume comes from levels 5 and 6 of the unilevel team.

30 percent of the unilevel team’s investment volume comes from levels 7 and 8. 

Recruitment Commissions  Smart Business Corp. gives each affiliate- it signs up a $200 commission. It doesn’t look like there is a difference between basic and top-tier recruitment.

Smart Business Corp’s compensation plan also says that for every three affiliates they get, they will get an extra $450 commission.

Again, there is no difference between basic recruitment and paid recruitment.

During a new Smart Business Corp affiliate’s first eighteen weeks, there is no limit on how much they can earn in recruitment commissions. ‘

After this time, the commissions for recruiting are capped. There are no specifics given.

A residual fee is paid on extra plan investments. There are three tiers of residual commissions (unilevel group):  a starting point (personally recruited affiliates). levels of two to three gets 3% to 2% of the total  Master’s Bonus  Affiliates in the top ranks of Smart Business Corp receive a monthly bonus called the Master Bonus. 

The Master Bonus is a monthly payment made to Smart Business Corp affiliates who are in the top ranks. 

I am a Master Junior, and each month I get $500.

I am a master senior, which means I get $1,500 a month.   

Become a Master Trainer and you’ll get $5,000 every month.

I am a master manager, and each month I get $10,000.

I’m a Master Elite, which means I get $20,000 a month. I am a Master Superior, and each month I get $45,000.   

Get to the level of Master Platinum and get $100,000 every month. 

5-1 Bonus  Smart Business Corp affiliates get a $100 bonus for every five affiliates they bring into their unilevel team, whether they do it directly or indirectly.

The 5-1 Bonus seems to have something to do with the upline:  If an affiliate gets a $100 5-1 Bonus, the affiliate who brought them into the business gets $300. I

f an affiliate gets $300 in 5-1 bonuses, the person above them in the affiliate chain gets $600. 

The 5-1 bonus, including the upline part, seems to be a bonus that lasts forever and has no limits. 

To join Smart Business Corp, you can pay either $795 for a basic membership or $995 for a premium membership.

These memberships need a 24-month commitment at face value. The more an affiliate of Smart Business Corp invests, the more money they could make.

The Smart Business Corp. Conclusion

Ernesto Reséndiz’s different Ponzi schemes live on in Smart Business Corp. Since Smart Business Corp is now trying to get people to invest in bitcoin, this version is a change to cryptocurrency fraud.

All done. That’s the only thing that’s different from Resendiz’s other Ponzi schemes.

The website for Smart Fund Limited has been kept up because it is part of the Ponzi scheme that Smart Business Corp is running: Affiliates put money into bitcoin, which is then sent to Smart Fund Limited, where it is used to pay for something or other traders.

It’s a little more complicated than a typical Ponzi scheme, but it’s still the same nonsense about “trading” that we see in MLM crypto scams. Naturally, Smart Business Corp doesn’t show any proof that trading is going on. Also, neither Smart Business Corp nor Ernesto Resendiz have been approved to sell securities in Mexico or anywhere else.

This means that Smart Business Corp is at least breaking the law when it comes to security.

Taking a step back, it should be clear that Ernesto Reséndiz would be one of the richest people in the world if he could really make the returns he promises investors after at least eleven years.

Instead, he is running the latest version of his many failed Ponzi schemes with cryptocurrency. And, according to an analysis of traffic on SimilarWeb, investors in South America are falling for it again.

As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops. This will stop Smart Business Corp from getting money from ROI, which will eventually cause it to fail.

Because Ponzi schemes are based on math, when they fail, most people who took part will lose money. I don’t know why the Mexican government hasn’t done anything about Reséndiz yet. When it comes to rules, Mexico isn’t the most vague country.

If he’s been scamming people for over a decade without getting caught, I know there’s something fishy going on.

And now that Reséndiz is using bitcoin, his victims will be worse off than ever when Smart Business Corp goes bankrupt (again).

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