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Okaizo CBD Oil Pyramid Scheme Launches by OneCoin Crypto Scammers
Pyramid schemes have unfortunately continued to be popular opportunities for scammers through the years, even for the most careful of consumers. OneCoin earned notoriety for being exactly this kind of scam, and it looks like the creators are at it again with Okaizo.
- Some of the members of Okaizo were associated with OneCoin.
- Consumers that attempt to purchase CBD oil are actually sold an affiliate membership with different ranks available.
When it comes to the CBD industry, many consumers are looking to find products that can truly give them the performance that they want. However, with Okaizo, consumers may have gotten more than what they bargained for. According to a recent article by BehindMLM, the company seems to be a CBD oil pyramid scheme that is run by the same scammers behind OneCoin.
Right now, there’s no information on the Okaizo website regarding the people who own and/or run the business. The only information that consumers can get from the website is that the company’s address, which is in the Netherlands in Amsterdam and belongs to a virtual office provider called Regus. Though the website doesn’t offer this information, the LinkedIn profile for Bing Voorham states that he is the CEO and founder of Okaizo.
Consumers might recognize the name Bing Voorham from another endeavor as the promoter of OneCoin, a Ponzi scheme. Under Okaizo Limited, a shell company in the UK, the brand also is linked to a couple of other members of OneCoin; Parwiz Daud and Abdulmansour Tawafi. The company is also linked to Nawid Habib. By 2018, Daud, Habib, and Tawafi launched another endeavor that was essentially a copy of OneCoin called AuLives.
Okaizo itself doesn’t have any products or services to realistically offer consumers through retail purchases. Affiliates have the ability to market the membership, and affiliates are given CBD oil through the affiliation. On the Facebook page for Okaizo, the company advertises other products that can be purchased, but none of the items are available on the website to buy.
Part of the Okaizo affiliate program is the compensation plan. Every sign up requires a membership fee, and commissions are paid out to affiliates as new individuals sign up. There are three packages; bronze, silver, and gold and they start at €247.11 EUR. The only way to get these commissions is for the affiliates to maintain a 50 PV (“personal volume”) order every month and to recruit four more affiliates that maintain the same performance. The amount that consumers get from affiliate commissions depends on the package that the individual signs up for.
The simple fact that there are tiers to these earnings through recruitment shows that this program is just a pyramid scheme. While Okaizo shows that it sells CBD oil, the purchase is bundled as part of an affiliate membership. Affiliates are expected to recruit other affiliates, rather than sell any CBD oil. In order to qualify for €10,000, they need to stick with the program for about five months minimum, and they are subjected to an automatic shipment each month.
