Altera Global has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Diva Secret International. We’ve received over 5 complaints against Altera Global.
A lack of transparency regarding executive and ownership information at Altera Global raises legitimacy concerns. The claimed identity of Geoff Walker, as stated on the website, seems to be a fabrication. Investigations uncover videos featuring a Russian impersonator, which raises concerns about possible association with dubious practices. In addition, Altera Global is not adequately regulated, which is indicative of a possible fraud. Investors ought to ascertain the regulatory standing of a company in order to safeguard themselves against deceitful operations. The affiliate tiers and investment plans offered by Altera Global engender additional skepticism regarding the company’s credibility. Due to the lack of regulatory oversight and possible indicators of a Ponzi scheme, extreme caution is advised.
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Key Takeaways
Is Altera Global Regulated? Do They Have a License?
The absence of transparent ownership and executive information on the Altera Global website gives rise to apprehensions regarding the company’s legitimacy. While the entity alludes to an individual by the name “Geoff Walker” on its website, his function remains unspecified. Curiously, inquiries uncover that Walker’s persona seems to be a fabrication, as evidenced by the individual assuming his position donning a wig and spectacles.
Additional examination on YouTube reveals videos that feature Walker, who is portrayed by a person with a Russian dialect. This implies that Walker may be affiliated with questionable practices that are prevalent among Russian con artists. Further arousing suspicion is the inclusion of Walker dubbed over with an American dialect in Altera Global’s promotional video, which suggests incongruities in their depiction of pivotal individuals.
To further complicate matters, on August 11th, 2023, Altera Global privately registered the domain name “altera-global.com,” which added to the existing ambiguities regarding the organization’s credibility and authenticity.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Altera Global 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 Altera Global, 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?
Trading Conditions and Deposit/Withdrawal Methods at Altera Global
Altera Global does not provide any services or products for retail. Affiliates are granted exclusive permission to advertise Altera Global’s affiliate membership.
Affiliates of Altera Global are eligible to invest in cryptocurrencies with the assurance of returns, either in cryptocurrencies themselves or in USD equivalents. The proposed investment strategies are outlined below:
Investment in USD Equivalent Cryptocurrency:
- Standard: For 15 days, an investment of $50 to $499 yields 0.8% to 1% daily.
Invest $500 to $2499 and earn 1% to 1.2% per day for a period of 25 days. - Premium: For a period of 35 days, an investment of $2500 to $14,999 yields a daily return of 1.2% to 1.4%.
- Deluxe: For a period of 45 days, an investment of $15,000 to $44,999 yields a return of 1.4% to 1.6% per day.
- Ultra: For a period of 55 days, an investment of $45,000 to $144,999 yields 1.6% to 1.8% daily.
- Elite: For a period of 65 days, an investment of $145,000 to $1,000,000 yields 1.8% to 2% daily.
Investment in Bitcoin (BTC) and Ethereum (ETH):
- Light: For 95 days, an investment of 0.005 to 1.99 BTC or 0.075 to 29.99 ETH yields 2% to 2.2% daily.
- Medium: Receive 2.2% to 2.4% daily for 95 days on investments of 2 to 9.99 BTC or 30 to 149 ETH.
- Heavy: For 95 days, an investment of 10 to 30 BTC or 150 to 500 ETH yields 2.4% to 2.6% daily.
The USDT (Tether) Investment:
“Special Offer: For a period of 200 days, invest 500 to 9999 USDT and earn 3% to 3.3% daily.”
- Special Bonus: For 280 days, an investment of 10,000 to 1,000,000 USDT will yield 3.3% to 3.6% daily.
Affiliates are compensated by the MLM division of Altera Global in accordance with the acquisition of new investors.
Ranks of Affiliates:
Altera Global offers thirteen affiliate tiers, each with its own set of prerequisites:
- Participant: Register with Altera Global as an affiliate.
- Partner: Produce a downline investment volume of $10,000.
- Proficient: Produce a downline investment volume of $25,000.
- Proficient: Generate a downline investment volume of $100,000.
- Consultant: Generate a downline investment volume of $250,000.
- Manager: Produce a downline investment volume of $500,000.
- Executive: Generate a downline investment volume of $1,500,000.
- Major Objective: Achieve a downline investment volume of $4,000,000.
Supervisor: Produce a downline investment volume of $10,000,000. - Master: Produce a downline investment volume of $17,500,000.
- Professional: Produce a downline investment volume of $25,000,000.
- Exclusive: Produce a downline investment volume of $55,000,000.
Generate $100,000,000 in downline investment volume on a global scale.
Affiliates are remunerated for referral commissions by Altera Global via a unilevel compensation structure, whereby commissions are earned in accordance with the downline levels of individually recruited affiliates.
New members are promoted to level 2 of the unilevel team of the level 1 affiliate who recruited them. After that, level 3 affiliates are promoted if they successfully recruit individuals from level 2, and so on for an infinite number of levels.
In contrast, Altera Global imposes a restriction of twenty payable unilevel team levels. The allocation of referral commissions is determined by the amount of funds invested across each of the twenty tiers.
Affiliate membership in Altera Global is provided at no cost.
In order to fully participate in the corresponding income opportunity, a minimum initial investment of $50 is required.
Altera Global promotes the buy a variety of cryptocurrencies.
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.
Altera Global 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 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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Altera Global 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 Altera Global 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 Altera Global 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 Altera Global, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Altera Global enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Altera Global reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Altera Global.
You should always look out for consumer complaints. In the case of Altera Global, 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 Altera Global? You can share your complaint in the comment section or submit an anonymous tip.
Is Altera Global Legit Or Scam?
The claims made by Altera Global regarding the generation of external revenue via diverse “cryptocurrency market” strategies are devoid of substantiating evidence and thus remain unfounded. Furthermore, concerns arise regarding the business model implemented by Altera Global due to its lack of conformity with fundamental Ponzi scheme logic.
An inquiry emerges: Could Altera Global, which consistently generates returns between 3.3% and 3.6% on a daily basis, necessitate further investments?
Altera Global’s passive returns investment opportunity is classified as a securities offering from a regulatory standpoint. In addition, compliance with regulatory requirements includes the regular submission of audited financial reports that detail the true origins of external revenue. Nevertheless, Altera Global’s lack of documentation indicating registration with financial regulators in any jurisdiction raises concerns regarding the possibility of securities fraud.
Particularly concerning is Altera Global’s omission of the country of putative registration, given that there is no universally applicable “necessary license and permit” for securities offerings. Investment solicitation necessitates the completion of distinct registration procedures with the financial regulators of each respective country.
New investments are the only discernible source of revenue for Altera Global at this time. The manner in which returns are distributed in exchange for incoming investments is reminiscent of the attributes associated with a Ponzi scheme. The conventional course of events for MLM Ponzi schemes entails a dearth of fresh investments precipitated by a reduction in affiliate recruitment, which ultimately culminates in the scheme’s demise. Ponzi schemes are inherently predisposed to cause financial losses for the majority of participants in the event of their collapse.
Altera Global 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 Altera Global 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 Altera Global?
All the evidence suggests that Altera Global 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
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How The Altera Global Online Scam Works
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