Barnaje has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to The Stone Fund. We’ve received over 4 complaints against Barnaje.
Barnaje’s positioning as a “anonymous DAO that is community-powered and fraud-proof” creates immediate concerns, particularly in the MLM sector. Despite claims of decentralization, MLMs such as Barnaje are often owned by a few individuals who profit from fraudulent activities. The usage of AI avatars in marketing videos raises issues about administrative transparency. The involvement of someone with a history of pushing illegal MLM schemes raises further concerns. Additionally, Barnaje lacks governmental control, raising concerns about its validity and potential for scams. Scammers frequently use generic identities, pay influencers, send spam emails, instill false confidence, and then repeat the process. Caution is advised.
Get Your Money Back From These Scammers!
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Barnaje describes itself as a “anonymous DAO that’s community-powered & fraud-proof,” which raises immediate concerns. Within the world of MLM (Multi-Level Marketing), the invocation of decentralization is sometimes used as a cover for administrators to avoid accountability in potential scams.
Contrary to the appearance of self-organization, MLM businesses are managed and owned by specific persons, who often profit the most from fraudulent operations. Barnaje’s usage of marketing movies utilizing AI avatars, which appears to be a method used by the administrators to mask their identity from the company’s affiliates, raises suspicions.
To add to the mistrust, Theobald, an octogenarian Utah citizen, has a long history of promoting illicit MLM gifting scams, extending back at least to 2014.
Furthermore, Barnaje’s website domain (“barnaje.com”) was registered privately on May 9, 2023. Notably, as of December 2023, the top sources of Barnaje’s website traffic, according to SimilarWeb, were the United States (82%), the United Kingdom (9%), and Ecuador (7%). These data add to a growing concern about Barnaje’s validity and operations.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Barnaje 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 Barnaje, 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?
Barnaje does not offer physical retail products or services for affiliates to market. Affiliates are solely focused on promoting and marketing Barnaje’s affiliate membership.
Barnaje’s compensation plan consists of a 21-tier 2×9 matrix gifting scheme. In a 2×9 matrix, an affiliate is at the top, with two direct positions below constituting the first level. The following levels (two to nine) follow the same pattern, with the number of places doubling at each level. Positions in the matrix are filled using both direct and indirect recruitment.
To participate in the gifting scheme, affiliates must buy into each tier consecutively using the tether (USDT) cryptocurrency. The tiers and related buy-in quantities are listed below:
Tier | Buy-In Amount (USDT) |
---|---|
Bronze 1 | 50 |
Bronze 2 | 100 |
Bronze 3 | 200 |
Silver 4 | 300 |
Silver 5 | 500 |
Silver 6 | 700 |
Gold 7 | 1000 |
Gold 8 | 1400 |
Gold 9 | 1800 |
Emerald 10 | 2200 |
Emerald 11 | 2600 |
Emerald 12 | 3000 |
Sapphire 13 | 3500 |
Sapphire 14 | 4000 |
Sapphire 15 | 4500 |
Ruby 16 | 5000 |
Ruby 17 | 5500 |
Ruby 18 | 6000 |
Diamond 19 | 7000 |
Diamond 20 | 8000 |
Diamond 21 | 10,000 |
Starting with Silver 4, Barnaje provides a 25% matching bonus on gifting payments received throughout the first two tiers of recruitment. To qualify for this bonus, the receiving affiliate must have purchased the gifting tier that is being matched.
Affiliate membership in Barnaje requires a minimum gifting payment of 50 USDT. Full participation in the gifting plan requires a significant investment of 67,350 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 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 Barnaje 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 Barnaje 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 Barnaje, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Barnaje enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Barnaje reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Barnaje.
You should always look out for consumer complaints. In the case of Barnaje, 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 Barnaje? You can share your complaint in the comment section or submit an anonymous tip.
Barnaje is recognized as a classic unlawful giving scheme conducted by anonymous cryptocurrency users. The pattern revealed is consistent with frequent hallmarks of similar schemes, indicating a disdain for regulatory structures.
The promotion of sovereign citizen ideas emphasizes Barnaje’s dubious nature, and its attempt to hide behind the rhetoric of “donations” and “community empowerment” is undermined by its obviously deceptive economic model.
Barnaje 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 Barnaje 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 Barnaje?
All the evidence suggests that Barnaje 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.
I have tried to recruit people into Barnaje in the past several months and spent a lot of time on this, i I invited about 20 of my closest friends to the introduction calls. But I ending up with only two recruitees, so not enough money for me to withdraw, it was only passed to the step above me. They told me later that if I wanted to make full-time money, I would have to ‘work’ full-time meaning recruiting full-time. Seems like the top 5% can be quite successful, for the rest of us, we end up with nothing. We also received a lot of training in recruitment, and now I feel like a fool that I tried to convince all of my close friends, losing their trust in me now. it’s really heartbreaking.