Going by the number of websites and webpages that are live on the internet today, a new website with improper search engine optimization may take ages to get to the 100-users-mark. Yet, most HYIPs that go live start by bragging about the thousands of users they have registered within the few days they have been operational. Pricap.biz has just found its marketing ploys dive deep into this trap.
After only about 20 days online, the HYIP declares that it already has more than 1,770 users with some 200 of these being online on the site at any one time. Firstly, the math of this statement does not add up…unless the majority of these users are not unique!
Pricap.biz – What is it all about?
The preamble in the company’s website declares that “An investor without investment goals is like a traveler without a destination.” What follows, however, is an ineligible description of what the company does and how it does it. An inquiry into this gibberish will come in the dissection section below. First, however, is a look at the architecture of this scam that wants to pass off as an HYIP.
The Pricap.biz Investment Packs
Customers have three plans to choose from, or so pricap.biz claims. Plans I and II give returns of 4.5% and 6.5% daily respectively for a commitment period of 40 days. Plan III offers a commitment period of 14 days with an ROI of 120% on a customer’s investment.
Plan I allows investments of between 0.001 BTC and 0.1 BTC. Customers that opt for Plan II are allowed to invest between 0.201 BTC and 10 BTC for 260% after 40 days. Plan III seems like an amalgamation of Plan I and II; customers are allowed to invest between 0.001BTC and 10 BTC and earn 120% of their investment after just a fortnight.
Affiliate Referral Program
As is expected for an HYIP, Pricap.biz has a three-level referral program that rewards customers for bringing in more users to the platform. For the first level, you get 5% of the deposits made by the direct clients you refer. From the second and third level sign-ups, the platform claims it gives out 3% and 1% of their investments respectively to the up line referrer.
In addition, there is up to 10% for the referrers in the Partnership Program. According to pricap.biz, a customer gets to the Partnership Program upon attaining a specific career status. The status is based on the total turnover of the customer as well as that of his downline. The various levels in this reward structure are Scout, with a turnover of 1 BTC, Challenger, and Leader with turnovers of 2.5 BTC and 5 BTC respectively, and Top Leader and Shark with 10 BTC and 20 BTC turnover, respectively.
The referral earnings for the Partnership Program range from 1% to 10% depending on the plan, status of the customer, and the level where the referred customer sits in the affiliate structure.
Why is Pricap.biz a Scam?
The narrative above, a description of the fictitious investment company that is Pricap.biz, reads well in certain segments and may convince a potential customer to put in his or her money with the hope of bigger returns.
However, the figures are all cooked. I did simple math adding up 10 sample deposits to find out the median deposit amount. I then multiplied this by the number of users to get an estimated amount of the total deposits. Well, the amount I ended up with is far lower than the total amount of deposits the site claims it has.
Implied, Nonexistent Trust
Pricap.biz, I gathered, is trying to create an illusion that it is a trusted company that has managed to attract almost 26 BTC in deposits. The figures available on the site, however, do not affirm these claims.
Language and presentation is another issue. The homepage, for instance, is riddled with statements that do not make sense. In the FinTech industry where precise language is the currency, such bad grammar as is evident in the Pricap.biz website is a giant red flag.
The company is headed by Michael Raikhlin. The only searchable person with a similar name is the author of the book titled Ten Years as a Ghost. The site claims it is headed by experienced practitioners in the FinTech world. If that were true, then it should be possible to find the CEO’s online footprint. Mr. Raikhlin of Pricap.biz has none!
Pricap.biz is a scam and it is easy to tell. The signs are all there for everyone to see. The figures on the site do not back the narrative the business is trying to propagate. A number of the said figures are inflated and exaggerated, and the firm has not even bothered to get a good editor to sharpen the legend on the site. If it walks like a duck…