LumiVitae has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Coinset. We’ve received over 5 complaints against LumiVitae.
LumiVitae, founded in December 2023, does not disclose its ownership or executive team on its website. LumiVitae is linked to Nuno Nina, who’s involved in MLM companies like Healy World. The company, run by former Healy World distributor Taryn Lee, raises MLM industry issues owing to a lack of transparency, including no corporate location. Nina-designed hydrogen water bottles cost €488 EUR. Unverified health claims are associated with the product. LumiVitae’s MLM compensation model focuses on affiliate and client sales. Due to its lack of governmental control or license, the company’s validity is questioned, raising scam concerns.
Get Your Money Back From These Scammers!
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LumiVitae established its online presence in December 2023, according to records from the Wayback Machine. The domain “lumivitae.com” was registered in 2015. Despite being highly visible, LumiVitae maintains a level of secrecy regarding its ownership and executive team on its official website.
Nuno Nina, a name linked to the company’s website, does not have an official title or recognition as the founder.
However, external sources, such as Nina’s personal site, attribute him as the Portuguese national responsible for the business. Nina is recognized for their involvement in the MLM (Multi-Level Marketing) sector, specifically with the controversial products of Healy World.
Reportedly, Taryn Lee, an Australian national and former distributor for Healy World, manages the day-to-day operations of LumiVitae, despite his foundational ties.
Questions may arise due to the absence of a corporate address on LumiVitae’s website. However, it is worth noting that their Terms of Service mention “LumiVitae, LDA” and indicate operational controls from Portugal. The absence of transparency raises concerns in the MLM industry.
The lack of regulation or the presence of poor regulation is a huge red flag. It means LumiVitae 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 LumiVitae, 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?
LumiVitae offers a hydrogen water bottle with a price tag of €488 EUR, showcasing a design attributed to Nuno Nina. The product purportedly optimizes hydrogen production, replicates Earth’s magnetic field, and imbues water with purportedly beneficial frequencies.
Despite making bold assertions and lowering the price to €511 in late 2023, there is a noticeable lack of peer-reviewed studies that confirm the health benefits of the product.
Marketing and health claims
The CellPower bottle is marketed as a source of “liquid light,” claiming to offer a harmonious balance and significant wellness advantages. However, doubts arise due to the absence of scientific support and peer-reviewed research, highlighting the importance of approaching these claims with skepticism and critical evaluation.
The MLM strategy employed by LumiVitae encourages the sale of CellPower bottles to customers and affiliates who have been recruited. This strategy utilizes a unilevel compensation structure, which enables individuals to earn from direct sales and the recruitment of new members up to eight levels deep.
Contingent upon achieving specific sales volumes, the affiliate network is further encouraged to recruit and make sales, with additional bonuses like Matching Bonus and Diamond Monthly Bonus Pool.
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 LumiVitae 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 LumiVitae 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 LumiVitae, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like LumiVitae enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “LumiVitae reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising LumiVitae.
You should always look out for consumer complaints. In the case of LumiVitae, 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 LumiVitae? You can share your complaint in the comment section or submit an anonymous tip.
Although LumiVitae positions itself as a participant in the health and wellness sector, one should exercise caution due to the company’s lack of transparency, reliance on unproven health benefits, and MLM structure.
Prospective affiliates and consumers are encouraged to carefully assess the claims and take into account the wider implications of their involvement with the company.
LumiVitae 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 LumiVitae 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 LumiVitae?
All the evidence suggests that LumiVitae 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.