Passivo has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to DebtBox. We’ve received over 3 complaints against Passivo.
Passivo links to MLM, lack of transparency, regulatory probes, and scheme collapse indicate that it is a scam. Before investing in such dubious MLM entities as Passivo, investors should exercise caution, conduct extensive research, and seek professional advice.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Passivo Regulated? Do They Have a License?
Passivo, formerly known as Passive Hub, is a bitcoin Multi-Level Marketing (MLM) enterprise that has raised significant concerns in the investment community. With its operations based in Dubai and purported connections to Seychelles, Passivo has attracted attention for its questionable practices and lack of transparency. In this article, we will delve into the intricate details of Passivo’s untrustworthy aspects, the individuals involved, and the potential risks associated with this MLM scheme.
At the helm of Passivo is Jan Lubberding, a German national with limited information available about his background in MLM.
The lack of a clear multi-level marketing history for Lubberding raises concerns about the legitimacy and openness of Passivo as a company. Additionally, Lubberding’s ties to Dubai, a city known for its involvement in fraudulent activities related to MLM and cryptocurrencies, further casts doubt on the integrity of Passivo’s operations.
Passivo operates through multiple website domains, including passivo.com, passivohub.com, and passivo.io. The use of private registrations and shell companies, particularly the registration in Seychelles, a tax haven with weak MLM securities legislation, raises red flags about the true ownership and activities of the organization. This lack of transparency is often indicative of an attempt to evade regulatory scrutiny and suggests a lack of openness.
The firm questionable practices have not gone unnoticed by financial regulators. Germany’s top financial regulator, BaFin, is currently investigating Passivo for offering banking and financial services without proper authorization.
BaFin’s fraud warning highlights Passivo’s involvement in securities fraud, further adding to the doubts surrounding the legitimacy of the company.
Passivo’s lack of transparency, possible securities breaches, and affiliation with individuals involved in dubious operations raise significant concerns about its authenticity and integrity. The company’s heavy reliance on new investments to generate profits is indicative of a Ponzi scheme, where funds from new investors are used to pay returns to previous investors. Such schemes are mathematically unsustainable and often result in financial losses for the majority of participants.
The collapse of Passivo in November 2023 further supports the suspicions surrounding the scheme. With no clear evidence of its trading operations or the management of customer assets, Passivo’s claims remain unsubstantiated. The absence of regulatory compliance and the ongoing regulatory investigations only serve to reinforce the notion that Passivo is a scam.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Passivo 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 Passivo, 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 Passivo
Passivo’s compensation plan revolves around affiliates depositing a minimum of $100 in USD or cryptocurrencies to receive a weekly passive return on investment (ROI). The ROI percentages vary based on the amount invested, with higher investments supposedly yielding higher returns. However, Passivo’s lack of verifiable proof and documentation raises questions about the source of its funding and the sustainability of its business model.
Passivo accepts investments in both USD and cryptocurrencies. However, it is important to note that withdrawals are only paid out in Tether (USDT), where one US dollar is equivalent to one USDT. This limited withdrawal option further adds to the concerns surrounding the legitimacy and transparency of Passivo’s operations.
In addition to passive ROI, Passivo offers MLM commissions to affiliates who recruit new investors. The company has a complex affiliate rank system, with different investment requirements for each rank. Referral commissions, residual commissions, and rank achievement bonuses further incentivize affiliates to recruit new members into the scheme.
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.
Passivo Customer Service: Do They Handle Complaints Well?
Considering Passivo’s lack of transparency and the ongoing regulatory investigations, it is unlikely that the company handles complaints well. In such cases, it is crucial for investors to exercise caution and conduct thorough due diligence before engaging with MLM companies like Passivo.
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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Passivo Reviews: What Do Others Say?
Online reviews and discussions about Passivo are scarce, which is unsurprising given the company’s lack of transparency and limited information available. However, potential investors need to approach Passivo with extreme caution and skepticism, given the warning signs and concerns outlined in this article.
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 Passivo 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 Passivo 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 Passivo, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Passivo enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Passivo reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Passivo.
You should always look out for consumer complaints. In the case of Passivo, 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 Passivo? You can share your complaint in the comment section or submit an anonymous tip.
Is Passivo Legit Or Scam?
Passivo’s multi-level marketing involvement, lack of transparency, ongoing regulatory investigations, and scheme failure all point to Passivo being a scam. Investors should proceed with extreme caution when dealing with any MLM company, especially one with the questionable reputation of Passivo. They should do extensive research and consult with financial experts.
Passivo 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 Passivo 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 Passivo?
All the evidence suggests that Passivo 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 Passivo a scam?
Can I withdraw money from Passivo?
Where is Passivo Located?
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How The Passivo Online Scam Works
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