{"id":12246,"date":"2021-03-21T16:21:18","date_gmt":"2021-03-21T15:21:18","guid":{"rendered":"https:\/\/setaffiliatebusiness.com\/?p=12246"},"modified":"2023-09-27T12:11:22","modified_gmt":"2023-09-27T10:11:22","slug":"is-beurax-a-scam","status":"publish","type":"post","link":"https:\/\/setaffiliatebusiness.com\/cz\/is-beurax-a-scam\/","title":{"rendered":"Is Beurax a Scam?"},"content":{"rendered":"

Beurax is a new company that promises to make a profit simply by investing in Bitcoin. <\/p>\n\n\n\n

But how reliable is it? Can you really make passive income with this company called  Bureaux? 
Or, is Beurax aIs Beurax Scam Scam? <\/p>\n\n\n\n

Well, welcome to the Beurax review where we are about to learn more – who runs the company, how established they are, and most importantly how much can one earn. <\/p>\n\n\n\n

Let’s get started.<\/p>\n\n\n\n

UPDATE March 2021<\/h2>\n\n\n\n

The Beurax scam has collapsed. The official announcement says something about a “high level of activity and a huge number of transactions performed on replenishing and withdrawals of funds by clients…”<\/p>\n\n\n\n

As of this writing, the Beurax website has been down for at least 10 hours. <\/p>\n\n\n\n

Disclaimer<\/strong>
Please note, I am not a member or an affiliate of Beurax. This review is based on research and information available online in the public domain. <\/em>
Any recommendations and conclusions are only opinions and may not apply to all persons or situations.<\/em><\/p>\n\n\n

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Beurax Overview<\/h2>\n\n\n\n

Jm\u00e9no: <\/strong>Beurax
Website: <\/strong>www.beurax.com
Price to Join<\/strong>: $20
Recommended:<\/strong> No. This is most likely a Pyramid Scheme.
I recommend Affiliate Marketing. Check the Pros and Cons of both business models (Affiliate Marketing vs. MLM<\/a>).<\/p>\n\n\n\n

Beurax Summary – Ponzi Scheme Collapse Beurax claimed to be an international investment company focused on cryptocurrency trading. New investors were offered opportunities to make money through investments and recruitment.<\/p>\n\n\n\n

However, the investment aspect lacked transparency and showed no proof of external income, while the recruitment model resembled a pyramid scheme. <\/p>\n\n\n\n

As an MLM company with no retail products, Beurax relied solely on fees from new members.<\/p>\n\n\n\n

Regrettably, the scheme collapsed on March 2nd, 2021, and just a week later, on March 9th, 2021, their website went down.<\/p>\n\n\n\n

It’s important to acknowledge that many people are enticed by the allure of quick and substantial returns. <\/p>\n\n\n\n

As Napoleon Hill’s quote states, “There is no such thing as Something for nothing.” Earning money online requires effort and time, especially genuine efforts.<\/p>\n\n<\/div><\/div>\n\n\n

What is (was) Beurax?<\/h2>\n\n\n\n

Beurax (is) was an unregulated investment company dealing with cryptocurrency. <\/p>\n\n\n

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\"Is<\/figure><\/div>\n\n\n

Apparently, their main source of income is automated cryptocurrency trading. 
They claim to have a unique platform and operating software that allows them to obtain information and process data based on the market situation.<\/p>\n\n\n\n

A new member is then promised to make a minimum of 1.4% daily if he or she invests at least $20. 
I am sure you already hear an alarm buzz, right? <\/p>\n\n\n\n

Well, there is no legitimate company that can guarantee such a return. 
In fact, all investment companies that are legit have to provide you with info that investments don’t have a guaranteed rate of return. <\/p>\n\n\n\n

Besides Beurax operates as a Multi-Level Marketing company with many levels. <\/p>\n\n\n\n

So there are 2 ways of how to make money:<\/p>\n\n\n\n

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  1. Become an investor and gain profit every day from an investment portfolio<\/li>\n\n\n\n
  2. Get new partners and make money off them<\/li>\n<\/ol>\n\n\n\n

    Regarding the 1st point – we will see that the company does not have any investment portfolio. 
    We will get to the 2nd point in a bit. <\/p>\n\n\n\n

    Who Runs the Beurax?<\/h2>\n\n\n\n

    Usually, these companies do not reveal who runs them. <\/p>\n\n\n\n

    That applies to pyramid schemes like Adasa Group<\/a> or Tronex World<\/a>. <\/p>\n\n\n\n

    However, Beurax has a nice site, and it seems that they even have a CEO. 
    His name is Brandon Watts, at least this is what the official Beurax video says.<\/p>\n\n\n

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    \"Is<\/figure><\/div>\n\n\n

    The video was available on YouTube but for some reason, it was taken down. <\/p>\n\n\n\n

    I did a research but couldn’t find any more information about this individual.<\/p>\n\n\n\n

    There are many Brandon Watts on Linked but none is related to the company called Beurax. 
    Besides according to the name, one would assume that he is an English native speaker but his accent is more Eastern European. 
    Most likely Bulgarian. <\/p>\n\n\n\n

    I am not sure if you had a chance to watch the video above, but have you noticed that this guy is reading the text? <\/p>\n\n\n\n

    I would assume that a CEO knows what he is talking about and doesn’t need the pre-written text in front of him 
    I might be wrong but my guess is that this is just an actor.<\/p>\n\n\n\n

    Another red flag is the address.
    According to its website, the headquarters is in Canberra Australia, but this can be easily made up. <\/p>\n\n\n\n

    This was exactly the case with another company called PetronPay<\/a>.
    On their website and also in their video they stated to be at a certain addressing Switzerland but based on the building administrator they have no evidence of such a company. <\/p>\n\n\n\n

    Is Beurax a Pyramid Scheme?<\/h2>\n\n\n\n

    We know by now that this company works like an MLM company. <\/p>\n\n\n\n

    But I am sure you know that legitimate MLM companies like Amway<\/a> or Mary Kay<\/a> have a lot of retail products. 
    With that being said the member or Independent Business Owner, can earn by selling the products to others. (Well, only in theory since the success rate within any MLM company is low). <\/p>\n\n\n\n

    If such a company does not have any retail products it is considered to be a pyramid scheme. <\/p>\n\n\n\n

    And here is a short video on how to spot a pyramid scheme: <\/p>\n\n\n\n

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