BNB Robot fails to provide company ownership or executive information on its website.
BNB Robot’s website domain (“bnbrobot.io”), was privately registered on April 26, 2022.
Marketing videos on BNB Robot’s official YouTube channel are narrated by a robovoice.
On May 24th BNB Robot uploaded a video titled “BNB Robot Corporate Intro”:
The video features Ron Cartey as BNB Robot’s CEO, and Daniel Schwartz as COO.
Cartey is the founder of AT Group, a corporate consulting firm based out of Thailand. Traffic to AT Group’s website is non-existent and the company’s official FaceBook page was abandoned in 2015.
Cartey himself is based out of Pattaya, Thailand. Back in May Cartey attended a Rotary Club meeting as a guest speaker;
The meeting was highlighted by incoming Vice-President and Secretary Rotarian Ron Cartey delivering a wonderful speech about his life and matters in his job as a motivational speech/coach that really mattered to him.
Daniel Schwartz is also based out of Thailand. Schwartz first appeared on BehindMLM as Chairman and CEO of 3T Networks in 2018.
3T Networks was a shitcoin scheme riddled with securities fraud.
A December 2020 Pattaya Mail article cites Ron Cartey as 3T Networks’ Chief Business Development Officer.
Cartey was speaking at an expat club, ironically giving a talk on “how not to be separated from your money”.
Like all scams, 3T Network inevitably collapsed. In early 2022 Cartey and Schwartz teamed up again to launch Elef World.
Elef World was an NFT grift Ponzi built around Elef Token. Word on the grapevine is Elef World has already stalled and/or collapsed.
Cartey’s and Schwartz’s scamming goes back years. The earliest Ponzi I was able to tie the pair to was YoCoin circa 2016.
Schwartz and Cartey were YoCoin’s COO and VP of International Business Development respectively.
Read on for a full review of BNB Robot’s MLM opportunity.
BNB Robot’s Products
BNB Robot has no retailable products or services.
Affiliates are only able to market BNB Robot affiliate membership itself.
BNB Robot’s Compensation Plan
BNB Robot affiliates invest binance coin (BNB). This is done on the promise of a passive “up to 4%” daily ROI.
The MLM side of BNB Robot pays on recruitment of affiliate investors.
BNB Robot pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
BNB Robot caps referral commissions at five payable unilevel team levels.
Referral commissions are paid as a percentage of invested BNB across these five levels as follows:
level 1 (personally recruited affiliates) – 7%
level 2 – 4%
level 3 – 3%
level 4 – 2%
level 5 – 1%
BNB Robot pays a match on passive returns paid to downline affiliates.
The same unilevel team as referral commissions is used, this time capped at fifteen levels:
level 1 – 25%
level 2 – 20%
level 3 – 15%
level 4 – 10%
level 5 – 8%
levels 6 to 10 – 6%
levels 11 to 15 – 4%
Rank Achievement Bonus
BNB Robot rewards affiliates for convincing others to invest with a Rank Achievement Bonus:
Bronze – convince others to invest 500 BNB and receive 0.5%
Silver – convince others to invest 1000 BNB and receive 1%
Gold – convince others to invest 2500 BNB and receive 2%
Platinum – convince others to invest 5000 BNB and receive 3%
Diamond – convince others to invest 10,000 BNB and receive 4%
It’s unclear what the Rank Achievement Bonus percentages are paid out on.
Joining BNB Robot
BNB Robot affiliate membership is free.
No minimum BNB investment amount is specified on BNB Robot’s website.
Robot BNB Conclusion
BNB Robot represents the latest Ponzi scheme from serial fraudsters hiding out in Thailand.
BNB Robot represents it generates external revenue via trading:
Which is of course, given the founders’ history of Ponzi schemes, is baloney.
BNB Robot styles itself as “BNB Robot 2.0”, suggesting the first iteration of the Ponzi scheme has already collapsed.
BNB Robot represents version 2.0 went live on July 1st:
Unless I’m missing something, BNB Robot 2.0 has already collapsed:
Between July 10th and July 14th 82.4 BNB was deposited into BNB Robot, representing around $19,600.
That amount was then cleaned out between July 14th and July 18th, leaving the Ponzi scheme dead.
Eight days is pretty short for a Ponzi scheme.
Given they haven’t been able to stop scamming over the past six years or so, I’m sure we’ll see a new crypto scam from Cartey and Schwartz by the end of the year.
In every Ponzi scheme they’ve either participated in or run, math has guaranteed the majority of participants have lost money. BNB Robot is no different. And neither will their next scam be.
Update 12th August 2022 – Dan Schwartz has appeared in the comments below to advise he Cartey were just puppet executives, working for an Indian team of scammers.
Headed up by Shamik Kundu, the group of scammers have rebooted BNB Robot as QunoMine.