Cashbery Review – Legit Company or Just Another Scam? Find Out Here…

Welcome to my Cashbery Review!

There has been some serious buzz involving one of the newest business opportunities to hit the MLM industry, so I figured I should check it out and find out what it was all about…

Some people are saying it’s a legit business where you can make good profits.

And some others are saying it’s a big scam and you should stay far away from it.

In my blog, I am going to put any rumors to rest and give you the facts on this company.

With the information I have detailed in my blog, you will learn about the company background, the products and the compensation plan.

Let’s find out if it’s legit business or just a scam!

Cashbery Review – The Company

Cashbery Review

Named as the Chairman of the Board, Artur Vardanyan (Артур Варданян) started up the company about a year back.

From Vardanyan’s corporate biography:

In the past [he] held position of the head of the credit department and the deputy chief of the economic security service in one of the largest Russian banks.

On the company website there are multiple incorporation documents posted, which are mostly available in the Russian language, but also one stating a UK incorporation for “Cashbery Limited.”

The sole Director is identified as Vardanyan, who is said to be a resident of the UK.

The address listed for both Cashbery Limited and Vardanyan is an office address located in London.

However, just as side note, there are a lot of social media accounts, website traffic, and document language, all indicating that the company is highly likely running operations from Russia.

Cashbery Reviews – The Products

cashbery products

Cashbery doesn’t have any products or services for affiliates to purchase or sell.

But anyone wanting to sign up as an affiliate with Cashbery can market the company affiliate membership.

Cashbery Compensation Plan

Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.

Company affiliates are to invest capital (funds) with the agreement of a promoted ROI:

  • Microloans – Invest $17.54 to $526.29 and receive a ROI of up to 320% over 400 days
  • Loans to small and medium business – Invest $526.31 to $3508.75 and receive a ROI of up to 360% over 400 days
  • Financing – Invest $3508.77 to $10,526.29 and receive a ROI of up to 400% over 400 days
  • Cryptocurrency – Invest 0.0103481 to 1.24177215 BTC or
    0.13790471 to 16.54856534 ETH and receive a ROI of up to 400% over 400 days

The company uses a unilevel compensation model to pay out referral commissions to its affiliates.

The unilevel compensation model puts an affiliate at the top of a unilevel team that places any personally sponsored affiliate on level 1 right underneath the original affiliate.

When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.

When a level 2 affiliate sponsors new affiliates, they are then placed onto level 3, and levels continue to be created like this down a hypothetical never ending amount of levels.

Payable unilevel levels are capped at Level 5, where commissions that are paid out will be done so as a percentage of capital (funds) invested among those 5 levels:

  • Microloan investments pay: 3% on level 1 (personally sponsored affiliates), 1% on level 2 and 0.5% on levels 3 to 5
  • Loans to small and medium business investments pay: 3.5% on level 1, 1% on level 2 and 0.5% on levels 3 to 5
  • Financing investments pay: 4% on level 1, 1% on level 2 and 0.5% on levels 3 to 5
  • Cryptocurrency investments pay: 4% on level 1, 1% on level 2 and 0.5% on levels 3 to 5

Rank Achievement Bonus

Through the same method used to pay out referral commissions, a 5-level unilevel team, company affiliates can earn a Rank Achievement Bonus.

The factors that determine the Rank Achievement Bonus are: personal investment, the largest unilevel leg, just to name a few.

  • Manager Level 1 (personally invest 10,000 rubles and generate 150,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 75,000 rubles in each)) – 5000 rubles bonus
  • Manager level 2 (personally invest 20,000 rubles and generate 300,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 150,000 rubles in each)) – 7000 rubles bonus
  • Manager level 3 (personally invest 30,000 rubles and generate 500,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 250,000 rubles in each)) – 10,000 rubles bonus
  • Manager level 4 (personally invest 40,000 rubles and generate 750,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 375,000 rubles in each)) – 12,000 rubles bonus
  • Manager level 5 (personally invest 50,000 rubles and generate 1,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 500,000 rubles in each)) – 15,000 rubles bonus
  • Manager level 6 (personally invest 60,000 rubles and generate 1,500,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 750,000 rubles in each)) – 20,000 rubles bonus
  • Manager level 7 (personally invest 70,000 rubles and generate 2,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 1,000,000 rubles in each)) – 25,000 rubles bonus
  • Manager level 8 (personally invest 80,000 rubles and generate 3,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 1,500,000 rubles in each)) – 35,000 rubles bonus
  • Manager level 9 (personally invest 90,000 rubles and generate 5,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 2,000,000 rubles in each)) – 50,000 rubles bonus
  • Manager level 10 (personally invest 100,000 rubles and generate 7,500,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 3,500,000 rubles in each)) – 75,000 rubles bonus
  • Manager level 11 (personally invest 150,000 rubles and generate 10,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 4,000,000 rubles in each)) – 100,000 rubles bonus
  • Manager level 12 (personally invest 200,000 rubles and generate 15,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 5,000,000 rubles in each)) – 150,000 rubles bonus
  • Manager level 13 (personally invest 250,000 rubles and generate 30,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 10,000,000 rubles in each)) – 300,000 rubles bonus
  • Manager level 14 (personally invest 300,000 rubles and generate 50,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 15,000,000 rubles in each)) – 500,000 rubles bonus
  • Manager level 15 (personally invest 400,000 rubles and generate 75,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 20,000,000 rubles in each)) – 750,000 rubles bonus
  • Manager level 16 (personally invest 500,000 rubles and generate 110,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 30,000,000 rubles in each)) – 1,000,000 rubles bonus
  • Manager level 17 (personally invest 600,000 rubles and generate 150,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 40,000,000 rubles in each)) – 1,500,000 rubles bonus
  • Manager level 18 (personally invest 700,000 rubles and generate 250,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 60,000,000 rubles in each)) – 2,000,000 rubles bonus
  • Manager level 19 (personally invest 800,000 rubles and generate 400,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 80,000,000 rubles in each)) – 3,000,000 rubles bonus
  • Manager level 20 (personally invest 900,000 rubles and generate 700,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 125,000,000 rubles in each)) – 5,000,000 rubles bonus
  • Manager level 21 (personally invest 1,000,000 rubles and generate 1,000,000,000 ruble investment in both your strongest unilevel leg and the remaining legs combined (split at least 180,000,000 rubles in each)) – 10,000,000 rubles bonus

NOTE: “Each” is referring to the strongest unilevel leg present in the team, and the remaining legs are divided into 2 groups later.

Also noted, quotas on investment volume are only calculated amongst the unilevel team within the first 5 levels.

Representative Bonuses

The Representative Bonus include a bonus for the present month, and then also includes any associated increase in referral commission rates.

Quotas that are counted for the Representative Bonuses are done so from personally sponsored affiliates only and for a period of 30 days.

  • Silver – Personally convince people to invest 300,000 to 599,999 rubles and receive a 12,000 ruble bonus and 0.5% on your first level referrals and 0.05% on levels 2 to 5
  • Gold – Personally convince people to invest 600,000 to 999,999 rubles and receive a 30,000 ruble bonus and 1% on your first level referrals and 0.1% on levels 2 to 5
  • Platinum – Personally convince people to invest 1,000,000 to 2,499,999 rubles and receive a 60,000 ruble bonus and 1.5% on your first level referrals and 0.15% on levels 2 to 5
  • Emerald – Personally convince people to invest 2,500,000 to 5,999,999 rubles and receive a 175,000 ruble bonus and 1.75% on your first level referrals and 0.15% on levels 2 to 5
  • Diamond – Personally convince people to invest 6,000,000 to 95,999,999 rubles and receive a 480,000 ruble bonus and 2% on your first level referrals and 0.2% on levels 2 to 5
  • Executive – Personally convince people to invest 10,000,000 or more rubles and receive a 1,000,000 ruble bonus and 2% on your first level referrals and 0.2% on levels 2 to 5

NOTE: This is a monthly qualification requirement on a continual basis.

Rates for the Bonus referral commission are then applied to the month following an affiliate’s qualification.

Cost To Join Cashbery

The cost to join Cashbery as an affiliate is free, although those affiliates with the free membership can only earn commissions on referrals.

If affiliates would like to fully participate in the company and income opportunity, they must invest $17.54 at a minimum.

Verdict of Cashbery

Now that we’ve made it to the end of my review, I can tell you as plainly as I can that I do not think this company is 100% legit…

The company starts off by presenting itself as a provider for financial services, but behind the scenes, the part where they are handling and moving the money, it is set up like a fully blown Ponzi scam.

This company gives no proof of the loans taking place or if those loans are even being used to pay out ROI owed to affiliates.

On the company website there is a restricted section which allows access to Russian visitors only…

The section is marked as “loans,” and I find a bit unusual because if you are a company truly trying to reach millions of potential investors, why would you restrict any part of the public website?

All the while, as more company affiliates invest, the amount of ROI increases…

If you are wondering why their maturity period is a 400-day period, it’s likely due to the company trying this scam once before and having it fail once already.

In April of last year, Vklader reported that the company had some investors alleging non-payment was occurring:

“I know that I was not the only one who was frozen and offered to throw money through insurance.

It’s such a sweet little SCAM! The project stopped paying.

When the yield reached 23%, they wrote that my account was frozen, ostensibly the borrowers did not return microloans.

But they ordered to pay 2 insurance for 10% and 20% of the contribution and then supposedly in 26 days promised to unfreeze.”

The company seems to have taken measures to ensure that this sequence of events is not repeated again by locking up investments for 400 days…

And like so many other scams, the only real source of income entering the company is new affiliate investment, which is likely the key source of revenue for ROI payments.

And just like all other Ponzi scams, when new affiliate sponsorship slows, so will the new investments that the company receives, which will lead to an eventual collapse.

My advice? Be careful with this company as you are likely to lose your investment…

I hope you enjoyed my Cashbery review and if you have any questions, please leave them in the comments below…

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Cashbery

-Jesse Singh

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