Getgrass.io has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Givvo. We’ve received over 4 complaints against Getgrass.io.
The Terms and Conditions for Grass.io, which was registered in March 2023 with a mystery registrant, disclose an intriguing link to Lower Tribeca Corp. Lower Tribeca Corp., stated in a January SEC filing as a Bahamian shell corporation with Christopher Nguyen as director, connects Grass.io to Wynd Labs (previously Wynd Network). The absence of open leadership and regulatory monitoring, along with no genuine products and an emphasis on affiliate membership and “grass points,” raises concerns about potential hazards. The operation’s MLM structure, combined with concerns about unregistered securities and pyramid scheme implications, requires careful consideration before participating, especially in the absence of consumer protection from a regulatory authority.
Get Your Money Back From These Scammers!
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The domain name “getgrass.io,” which was registered for Grass in March 2023, is what makes it stand out online. The registrant’s name was kept secret during a privacy-protected update to the domain on February 29, 2024.
Despite the veil of secrecy, the website’s Terms and Conditions show that it has a deal with Lower Tribeca Corp., which is supposed to be in charge of Getgrass.io’s application and make it easier for people to share bandwidth. The rules for how users can connect with the Getgrass.io app are set out in this legal document.
According to an SEC Form D statement from January 1st, Lower Tribeca Corp. can be traced back to a fake company that was supposed to be registered in the Bahamas. From this report, we can see that Christopher Nguyen is the only director of Lower Tribeca Corp.
Nguyen is linked to Wynd Network (later changed to Wynd Labs) under the name “Chris Nguyen,” where he works as the CTO. Even though Wynd Labs changed its name, its website, “wyndlabs.ai,” still leaves a small digital record. Like Getgrass.io, it doesn’t show who owns the company or who runs it.
Andrej Radonjic, who is known as a co-founder of Wynd Network and has ties to Ontario, Canada, adds to the complicated web of links that surrounds Getgrass.io.
Radonjic’s background is clouded by legal issues and a lack of direct MLM experience, which makes people wonder about Getgrass.io’s operating honesty and compliance with regulations. If there isn’t clear information about who owns and runs a business, that’s usually a red flag that tells possible investors and affiliates to be careful.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Getgrass.io is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Getgrass.io, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
When compared to other MLMs, Getgrass.io stands out because it only offers affiliate membership and no retail goods or services. The way the platform pays its affiliates is based on “Getgrass.io points,” which are earned by using the app and recruiting new affiliates.
Even though these points are very important, the fact that they can’t be withdrawn and there are no direct cash-out choices suggests that they might not be very liquid or useful.
Getgrass.io adds a tiered affiliate rank system with ten levels, ranging from Iron to Titan. Each level has its own requirements based on how many grass points you earn or how many people you join.
This arrangement is meant to encourage people to use the app and help the affiliate network grow. But it’s still not clear what Getgrass.io points are worth in real money or how they can be redeemed. This is what the pay plan is based on.
The platform uses a one-level commission scheme that rewards affiliates for recruiting people across three levels. It also has a bonus system based on how much people use the platform.
While it is possible to earn points, it is still too early to say how these points could be used to make money. This is because other payment ways need to be investigated first.
The way Getgrass.io works, especially the way it shares data based on apps, isn’t completely in line with FTC and securities laws. The way grass points are portrayed as possible “network ownership” stakes could mean that Getgrass.io is selling unregistered securities, unless they make this clear in their regulatory files.
Also, because Getgrass.io doesn’t have a retail component, the MLM framework might classify it as a pyramid scam, which makes its regulatory status even more complicated.
The idea behind the app is to make money by selling idle internet bandwidth. This makes people worry about data privacy, security, and the morality of selling bandwidth to unknown parties.
There are risks because Getgrass.io isn’t clear about who their clients are or how they plan to use shared internet. This is especially true for market research and AI data collection methods that could go into legal gray areas.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Getgrass.io tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Getgrass.io reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Getgrass.io, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Getgrass.io enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Getgrass.io reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Getgrass.io.
You should always look out for consumer complaints. In the case of Getgrass.io, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Getgrass.io? You can share your complaint in the comment section or submit an anonymous tip.
Getgrass.io works in a complicated area where private, following the rules, and doing business in an honest way all come together. Potential affiliates and users should be careful because there is no clear ownership and the payment structure is not usually how things are done.
The new idea of charging for bandwidth creates a fresh market chance, but the legal, regulation, and moral effects should be carefully thought through before getting involved.
Getgrass.io is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Getgrass.io can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Getgrass.io?
All the evidence suggests that Getgrass.io is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.