Welcome to my Arbistar Review. Arbistar is a crypto arbitrage network marketing business. It’s funny how these things pop up ALL THE TIME. I guess I can see how people fall for it, I mean technically its possible to make money doing arbitrage trading, it is just extremely difficult to do these days.
A crypto MLM needs to attract distributors to survive. Unfortunately the returns from genuine trading are not good enough to excite and attract affiliates. To get a real buzz, many Crypto MLM founders realize that it’s hard to beat the good old ponzi structure. Give the people what they want, I say! (Joking!).
As expected with all ponzis, Arbistar are advertising expected returns of 1% per day.
This really, really, really looks like a ponzi to me. Hmm, time to start snooping around to see what I can find about the Arbistar founders!
Arbistar is headed up by Santiago Fuentas Jover.
Santiago Fuentas Jover is an experienced ponzi scammer, but you have never heard of him! That’s because he has done most of his shady scamming in Spain. Thanks to google translate, I have discovered a trail of destruction which leads all the way to the USA and with $600 Million stolen from investors, read on for details.
Our man Santi is currently being prosecuted by the CNMV for being master distributor of the Finanzas Forex ponzi scam. The CNMV is Spain’s version of the SEC. How long do you think it will take for the CNMV to let the SEC know what Santi is now up to? Not long I think. When that happens, it’s game over for Arbistar.
Arbistar have commissions for retail sales. They also have a networking marketing compensation plan, that rewards affiliates with residual income.
Once you read the review, you will be able to decide if Arbistar is one of the many legitimate ways to make money online. I do not promote, nor I am I affiliated with Arbistar.
Arbistar – Summary
Key Figures: Santiago Fuentas Jover
Product Type: Crypto Ponzi MLM, they have a bot also!
Summary: They have two sides to the business. One is a trading bot that costs $5000. The other part is a ponzi which pools members funds and pays out pretend trading profits.
To use the bot you pay $5000 every 2 years.
The ponzi part is called the “Community Bot”. This requires a min €100. It will pay a percentage of “profits” each week several levels deep.
This is illegal in 2 ways. I predict it to be shut down or collapse in about 6 months.
Verdict: What nobody will tell you is that the days of easy arbitrage trading are over. Every exchange is flooded with bots. If a large arbitrage opportunity occurs, exchanges halt trading or deposits until it corrects. So how are Arbistar paying profits? Arbistar are NOT doing any arbitrage trading in the “Community Bot”. They will have to shuffle member funds around to show “profits”. It’s a ponzi and will fall over.
What Is Arbistar?
The funny thing with Arbistar is that they have 2 sides to the business. One is a little bit illegal and the other is extremely illegal.
They have a bot that they don’t want you to use. They don’t want you to use it because they cannot get access to your funds with it. That is why they put a ridiculous $5000 euros price tag on it. Most people will opt for the “Friend Plan” ponzi scheme which requires only 100 euros.
I prefer to make money legally with my top way to make money online. Still, I am going to do a full review of Arbistar even though it won’t be around for long.
Let’s get into the details with the products and opportunity of Arbistar.
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Arbistar Product Range
They have a personal bot which connects to the exchanges via API. If you make any money with this it will be genuine profit. The other product is a ponzi scheme called the “Community Bot”.
This is the least scammy part. It will do actual arbitrage trading via API connections to the exchanges. It will perform poorly but at least Arbistar will not have control of your crypto with this one. The 5000 euro price tag gives a perception of value and will push most people to join the “Community Bot” ponzi, which is what Arbistar really want.
Arbistar will take everyones crypto in amounts of 100 euros or above. They claim that they will conduct arbitrage trading with the money. Investors will get paid can expect 7% per week. They will also earn 2% of of the profits paid to affiliates each week.
Personal Bot Commissions
6% commissions is paid on direct sales. Commissions are also paid 10 levels deep.
Community Bot Commissions
2% is paid on the trading profits made on direct referrals and indirects up to 10 levels.
Level 1 – at least 3 active referrals. (Earns 6% Personal Bot, 2% Community Bot Profit)
Level 2 – at least 9 active referrals. (Earns 6% Personal Bot, 2% Community Bot Profit)
Level 3 – at least 27 active referrals. (Earns 6% Personal Bot, 2% Community Bot Profit)
Level 4 – at least 81 active referrals. (Earns 6% Personal Bot, 2% Community Bot Profit)
Level 5 – at least 243 active referrals. (Earns 6% Personal Bot, 2% Community Bot Profit)
Levels 6 to 10 – Are unlocked when you have 30K at level 1. (Earns 6% Personal Bot, 2% Community Bot Profit on each level 6 through 10)
What I Like About Arbistar
I really like the idea of accumulating crypto. Arbistar are getting much better returns than I can ever dream off. If you don’t mind joining the scammers, you can really beef up your bitcoin wallet with Arbistar. Some of you will be tempted, some of you will lose the lot when it collapses.
What I dislike about Arbistar
1% per Day Is BULLSHIT
If you are getting 1% per day in a crypto or forex MLM, you are in a ponzi scam. End of story!
Founder Santiago Fuentas Jover is currently under investigation by the CNMV
Santiago knows that their is no business like ponzi business. As lucrative as it is the Spanish SEC (CNMV) has been trying to catch up with Santiago for a long time. If you can read Spanish you will find out that he has a history of setting up very short term MLMs and disapearing with the funds!
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If you want to read more head try here
Forenzas Forex Currently Being Investigated By The Department Of Justice
Santiago’s last ponzi was BIG, with an estimated $600 million stolen from investors. It has been liquidated by the Department Of Justice. The image below is from a law firm representing victims. You can also go to the Florida Department Of Justice to read the Case File.
The Real Deal With Arbistar
Santiago Fuentas Jover is a serial ponzi scammer and Arbistar is his brand new scam. Arbistar will get shut down by the SEC or the Department Of Justice, just like Finanzas Forex did. Of course they won’t find any funds and Santiago Fuentas Jover will be free to set up his next ponzi out of the ashes. How depressing.
Another Dirty Ponzi Scam. Arbistar gets an F.
The Prelaunch Inspector
How I Make A Living
I have developed a strategy using a legitimate affiliate program that allows me to hangout at home with the kids all day.