Therus Network has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Meteorusdt.com. We’ve received over 5 complaints against Therus Network.
Therus Network, which has emerged from the defunct Infinity Global, is believed to be engaged in a pyramid scheme devoid of any tangible goods. It links affiliate recruitment with memberships centered on educational packages that guarantee a high return on investment. Its non-compliance with financial regulators exposes it to the peril of legal complications and an unavoidable downfall.
Get Your Money Back From These Scammers!
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One of the first businesses that Infinity Global started was an MLM company in 2021. Its main business idea was to sell and promote “bitex packages,” which encouraged people to get other people to join the same plan. The exact date that Infinity Global went out of business is still unknown, but its name now sends people to Therus Network.
Therus Network came live on June 19, 2023, when its domain name was registered. The main Facebook page for the network showed up on February 7, 2024, which points to a relaunch around that date.
There are still links to Infinity Global on Therus Network’s website, and the most recent post on Infinity Global’s Facebook page was on March 2, 2024. There are people in charge of Therus Network who used to work for Infinity Global. Leopoldo Castillo is the CEO.
Therus Network has business addresses in both New York and Costa Rica. Regus owns the New York address, which means it is a virtual office that has nothing to do with the city. The Costa Rican address has still not been proven to be real. As of April 2024, most of Therus Network’s web traffic comes from Costa Rica, Chile, and Spain, showing that the company is focusing on Spanish-speaking areas.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Therus Network 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 Therus Network, 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?
Therus Network has business addresses in both New York and Costa Rica. Regus owns the New York address, which means it is a virtual office that has nothing to do with the city. The Costa Rican address has still not been proven to be real. As of April 2024, most of Therus Network’s web traffic comes from Costa Rica, Chile, and Spain, showing that the company is focusing on Spanish-speaking areas.
Therus Network does not sell any goods or services to the public. Instead, it sells memberships that give users access to Bitex and TravelPoints packages. These packages include a variety of training courses and masterclasses on topics like budgeting and persuasion.
Members buy Bitex gifts, which are worth Bitex points that can be redeemed within Bitex. Members can choose to wait anywhere from 16 to 34 months to get their money back from their investments, with returns of up to 500%. During the ROI waiting time, you have to pay membership fees, and you can only withdraw 75% of the amount you asked for. The rest has to be re-invested.
Therus Network has a complicated partner rank system that is based on how many sales each team makes. Referral earnings depend on what kind of packages affiliates buy and how much they cost. Bitex packages that last longer also come with bonus earnings.
The network also uses a binary compensation system, which means that affiliates are paid based on how many sales they make on their weaker team side. Their residual commission rates are based on how many packages they sell themselves.
Affiliates can earn leadership bonuses based on their rank in the network, and there is also a global sales bonus pool that is funded by 2% of Bitex package sales. These bonuses give high-ranking agents extra reasons to keep working hard.
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.
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.
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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 Therus Network 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 Therus Network 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 Therus Network, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Therus Network enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Therus Network reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Therus Network.
You should always look out for consumer complaints. In the case of Therus Network, 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 Therus Network? You can share your complaint in the comment section or submit an anonymous tip.
Therus Network, like its predecessor Infinity Global, seems to focus more on affiliate investments than physical goods, which suggests that it is still set up like a pyramid scheme. The claimed high returns on investments and the way the compensation plans are set up point to a possible Ponzi scheme, since the main source of income seems to be new investments rather than sales or services of real goods or services.
There is no sign that Therus Network or its leaders are registered with any financial authorities, like the SEC in the U.S. or Panama’s securities officials.
This mistake makes me think that they might have broken securities laws, which makes me wonder if their business is legal. The plan is similar to a pyramid scheme because it relies on affiliates to bring in new members and invest money, but it doesn’t offer real goods or services to customers.
It’s not clear how long Therus Network will last, and there’s a good chance it will fail once it stops adding new affiliates. This is how most MLM plans fail because they need new investments all the time. People who take part are likely to lose their money when the plan fails, which it will.
Therus Network 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 Therus Network 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 Therus Network?
All the evidence suggests that Therus Network 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.