Gicai.net has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to RIMAN MLM. We’ve received over 5 complaints against Gicai.net.
Gicai.net uses the subdomain “h5.gicai.net,” although the main domain “gicai.net” is presently defunct. The domain was privately registered on December 30, 2023. To pretend authenticity, Gicai.net employs a fraudulent Washington corporation certificate for Gicai.net LLC, which was reportedly incorporated on January 13, 2024. Scammers frequently use such registrations to make themselves appear reputable while having no true connections to the alleged locales. The lack of a regulatory license is a big red signal, implying that Gicai.net is an illegal company that will likely vanish without trace or accountability, leaving investors vulnerable and without recourse.
Get Your Money Back From These Scammers!
[mychargeback-form]
Key Takeaways
Is Gicai.net Regulated? Do They Have a License?
The website for Gicai.net is run under the name “h5.gicai.net,” which is a subdomain of “gicai.net.” On December 30, 2023, the main name was privately registered. The primary domain “gicai.net” is not operating right now, which means it has been turned off.
Gicai.net shows a fake company certificate from Washington for Gicai.net LLC, which is said to have been formed on January 13, 2024, to make it look like it is real. However, scammers often use the registration of fake companies like this to look trustworthy when they don’t really have any ties to the place in question, in this case Washington.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Gicai.net 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 Gicai.net, 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?
Concerning Issues Present at Gicai.net
Gicai.net doesn’t have any goods or services that can be bought by regular people. Affiliates can only push membership to Gicai.net instead of anything else.
This is a thorough table that Gicai.net offers its affiliates depending on the investment amounts and possible profits:
| Level | Investment Range (USDT) | Recruitment Requirement | Daily Return Rate |
|---|---|---|---|
| G1 | 50 to 500 | None | 1.7% to 2.7% |
| G2 | 300 to 3,000 | Five affiliates | 2.1% to 3.1% |
| G3 | 1,000 to 10,000 | Fifteen affiliates | 2.6% to 3.6% |
| G4 | 3,000 to 30,000 | Forty-five affiliates | 3.1% to 4.1% |
| G5 | 10,000 to 100,000 | Ninety affiliates | 3.6% to 4.6% |
On top of that, Gicai.net gives referral bonuses based on the USDT invested in three steps of recruitment:
- Level 1 (direct recruits): 12% commission.
- Level 2 commission: 4%.
- Level 3 commission: 2%.
As an affiliate, you can join Gicai.net for free, but to fully take part in the pay plan, you need to invest at least 50 USDT.
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 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.
Gicai.net Customer Service: Do They Handle Complaints Well?
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 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, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Gicai.net Reviews: What Do Others Say?
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 Gicai.net 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 Gicai.net reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that 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 Gicai.net, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Gicai.net enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Gicai.net reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Gicai.net.
You should always look out for consumer complaints. In the case of Gicai.net, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Gicai.net? You can share your complaint in the comment section or submit an anonymous tip.
Is Gicai.net Legit Or a Scam?
Affiliates of Gicai.net are told to log in and click a button to start a “quantification process.” The site is called a “click a button” app Ponzi scam. Quantitative trade is said to bring in money through this process, but this claim doesn’t hold water. But in reality, clicking doesn’t actually do any trading. Instead, it’s said to recycle new investments to pay back old owners.
There are a lot of plans like Gicai.net that started around the end of 2021. Most of these schemes, including well-known ones like FCBQE, DCPTG, and DQF, have failed after a short time. They usually shut down their websites and apps without warning, and most buyers lost money. People think that the same group of con artists, who are said to be based in China, are behind all of these schemes.
Gicai.net 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 Gicai.net can run away with your money without any prior notice. It would help if you were 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 Gicai.net?
All the evidence suggests that Gicai.net 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.
Frequently Asked Questions
Is Gicai.net a scam?
Can I withdraw money from Gicai.net?
Where is Gicai.net Located?
How do I get my money back from Gicai.net?
How The Gicai.net Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
