Omega Group Review: Worthless BitBonds Points Ponzi Scheme

Omega Group is a cryptocurrency MLM niche company operating in Ukraine. Bartosz Nafalski is the company’s CEO who has served as managing director in companies like Pepsi co, Maspex, Foodcare and MK Café.

The domain (omega.best) was privately registered on 14^th August 2018 and was last updated on 5^th April 2019.

Omega Group has no products or services that are retailable and only provide affiliate membership program to investors. The members can join for free, however, they won’t be able to access the full benefit of the program. For realizing the full benefit, one must pay a minimum of €50 EUR every six months.

The plans are dicey and the evidence are missing to back the claims company is making. Hence, I would suggest that an MLM company that is not clear about its future prospects and have no proper product or service to offer is always a bad investment option.

Omega Group – The Compensation Plan

The company encourages affiliates to invest in the BitBonds points and promises for a daily ROI. The investment can be made anywhere between 50 Euro to 200,000 Euro. In return, the affiliates receive 130% ROI in 6 months and 170% ROI in 12 months. Also, the affiliates are required to pay every 6 months or 12 months to continue receiving the ROI.

The investments are accepted in bitcoins and then are converted into BitBonds points. The internal Omega Group points system is used to make the conversions. While paying the returns, company uses the BitBonds points which must be converted to bitcoins with the help of the company’s backoffice.

Omega Group – The Investment Referral Commission

Omega Group pays 6% of the funds invested by the personally recruited affiliates to those who recruits. The same affiliates received an additional 10% from the returns.

Omega Group – Residual Commission

The company has a pre-requisite for affiliates to become eligible for the residual commission. An affiliate must have two active personally recruited affiliates investing 50 Euros or more.

The residual commission is based on the binary compensation structure. In the binary compensation structure, an affiliate is placed on the top. Each position splits into two positions right under it.

For example, the top affiliate further splits into right and left affiliate, making room for two positions on level 1. Similarly, each of the level 1 affiliate, splits into two affiliates making 4 positions on level 2 and do on.

The positions are taken after the direct and indirect recruitment of affiliates. After end of the day, the company compares both sides of the binary tree to check the new investments made. One the 10,000:8,000 bitbonds ratio is achieved, the weaker side is chosen to pay the residual commission.

As per the company’s terms, an affiliate can earn up to 9% of residual commission. And, the left over 2000 BitBonds points on the stronger side is carried over for the next comparison.

Omega Group – Prizes

To encourage affiliates to invest more and convince others to do the same, Omega Group has the following plans.

• Plan 1: An affiliate must invest €2000 in BitBonds as well as generate €100,000 in binary team investment volume for receiving an iPhone XS
• Plan 2: An affiliate must invest €5000 in BitBonds as well as generate €300,000 in binary team investment volume for receiving a MacBook Pro
• Plan 3: An affiliate must invest €10,000 in BitBonds as well as generate €800,000 in binary team investment volume for receiving a Leaders Holiday
• Plan 4: An affiliate must invest €15,000 in BitBonds as well as generate €1,500,000 in binary team investment volume for receiving an Omega Watch
• Plan 5: An affiliate must invest €25,000 in BitBonds as well as generate €10,000,000 in binary team investment volume for receiving a BMW M4
• Plan 6: An affiliate must invest €50,000 as well as generate €30,000,000 in binary team investment volume for receiving a Ferrari Portofino
• Plan 7: An affiliate must invest €100,000 as well as generate €80,000,000 in binary team investment volume for receiving luxury apartment in an exotic location

Omega Group – Reviews

Ivan: This is fraud. These guys are scammers. Stay away.

Denys P: Do not join them. All show no returns.

The Conclusions from the above Reviews

This company is trying to lure people for investing as much as possible only to get trapped into never ending wait. Affiliates are cheated and the reviews say it all.

The Verdict

Omega Group claims that their management team consists of people who have huge experience in the field of banking and finance. But, none of these core members with so much of knowledge noticed that the company is not registered for passive income anywhere in the world.

Alexa estimates that the traffic is maximum from China. Knowing that the MLM schemes are illegal in China, they have not even registered themselves within any criteria. Isn’t that fraud already?

The company also claims that it has cryptocurrency mining farms all over Europe. However, there is no evidence is its already done or they are trying to fool investors.

Once the recruitment will dry, the ROI will stop. It is worth noting that the company accepts bitcoins and pay returns in BitBonds that would collapse as soon as the company collapses. And, once that happens, the majority of the affiliates will lose money.

So, it is safe and wise not to invest in Omega Group.