The sole owner of Cashbury LLC, a company that the Central Bank accuses of being a financial pyramid, turned out to be the head of five more companies. All enterprises are registered in the Rostov region and have problems with paying taxes and repaying debts, according to data from the SPARK-Interfax system, which was analyzed by Izvestia. It is also noted that Cashbury was not created for statutory purposes and does not have significant assets. According to the Central Bank, the organization attracted money from investors without having the appropriate license. On October 12, the company suspended operations, and a public page dedicated to those affected by its activities has already appeared on VKontakte; it now has about 26 thousand participants. Izvestia looked into what to do if you have already become a Cashbury client and how to protect yourself and your money.
Principles
Cashbury's strategy is built on the basic principles of network marketing, its philosophy and mission are based on trust, satisfying the interests of depositors and are focused “for the benefit of ordinary people.” Everyone registered on the service can participate in microcrediting for individuals and businesses, lend money as collateral, and receive bonuses. In short, an investment service brings together people who want to lend money to each other and earn interest.
600% per annum - such a profit, against the backdrop of the banking average of 6-7% on ruble deposits, attracts everyone who wants to quickly improve their financial situation. People who have no idea about the principles of operation of credit institutions believe promises and expect profit from investments. Director of the Central Bank of the Russian Federation department Valery Lyakh, who is investigating the activities of dubious commercial projects, warns of the imminent risk of losing personal savings.
Trust or verify
By the beginning of October 2022, the Central Bank confirmed that depositors in Russia and the CIS had entrusted the financial organization with 1 billion rubles, and deposits continued to arrive. There are no official casualties yet. After 400 days, people hope to receive their deposits along with interest. After the stated period has expired, it will become clear what goals the holding actually pursues.
After registration, each client can listen to a video message from Arthur Vardanyan, one of the founders of the structure. He explains why deposits are not accepted through the site. Due to numerous deposits, the holding cannot implement “various investment mechanisms,” which raise a number of questions for the Central Bank.
You can invest funds through managers in the Cashbury group on social networks. Money is accepted in your personal account or through electronic payment systems “drops”, or withdrawn through bank cards “drops”.
How Cashbury turned into GDC – Global Decentralized Community
According to statistics from the Department of Finance, about 200 pyramids of varying degrees of popularity appear in Russia every year, and scammers have long known how to smoothly and painlessly neutralize the negativity and claims of the masses. Rule No. 1 for a pyramid that has collapsed is to give hope that everything will work out, you just have to wait. Yes, payments are stopped, accounts are frozen, official websites do not work, but the front men of the scams continue to get in touch, swearing that they are doing everything possible. Third-party sites are launched with a countdown counter instead of a stub - there are 30, 40, 50, 90 days left before the service resumes. And when the counter expires, it simply starts again without any explanation. After all, it says “85 days left until restart,” what’s unclear here?
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Another way to stall for time and wait for people to cool down is to announce the relaunch of the hype under a new name. But there are nuances. In order for a client’s deposit to be transferred from the old account to the new one, a certain amount must be deposited. When an investor has lost a million, it is not difficult to encourage him to put in another 50 thousand in order to supposedly return this million.
Fraud scheme
According to the MFO law, funds for loans from individuals must be less than 1.5 billion rubles. The holding came up with a scheme that does not give rise to legal claims. Finance is attracted by the offshore company CASHBERY LIMITED through Cashbury, which acts as an intermediary. The resource contains a document on responsibility between the companies, but without the corresponding signatures. Therefore, it is not legal. In the public offer in clause 2.5 it is written that the administration is not responsible to the users of the site and has no obligations to them.
Bonus (refback)
By investing your money in Cashbury, as well as in any of the investment projects presented on this site, you can receive a bonus (refback) from me in the form of a certain percentage of the amount of your deposit. For Cashbury, the bonus is 2% of the deposit on long rates, and 1% on short rates. To receive a refback, you need to register in the project using my affiliate link, make a deposit, and inform me about it using the refback order form. You must order a refback no later than 3 days after making a deposit. The bonus will be credited to the wallet you specified within 3 days.
‼PROJECT NEWS‼
What do MMM and Cashbury have in common?
If we draw a parallel with the activities of MMM Mavrodi in recent years, the principle of organizing the pyramid is no different. Participants are divided into large and small units led by managers of different ranks.
- A 1st level manager is required to collect 150 thousand rubles. He invests 10 thousand of his personal savings, collects 75 thousand from a large investor, collects the rest in small contributions, for which he receives 5 thousand.
- A level 5 manager is required to find investors worth a million. The personal contribution is 100 thousand, the contribution of the main “partner” is half a million. The bonus amount is 15 thousand.
- The manager of the highest, 25th level invests personal 7 million rubles, finds 8 large investors who are ready to invest 160-420 million and earns 22 million from this.
Biography
The scandal associated with the exposure of the activities of the Cashbury holding, which by all indications turned out to be a financial pyramid, announced the name of another “Ostap Bender”, Arthur Vardanyan. The man positioned himself as the head and founder of the investment project, demonstrating an impeccable image of a respectable businessman. On November 1, 2022, the manager made a statement that Cashbury would cease operations. But the image of a successful entrepreneur he had previously created began to collapse like a house of cards.
Why the microloan service cannot be closed by law
Cashbury offices are located from Moscow to Magadan. Since all hype projects are exposed, it is possible that the company in the country will be canceled before citizens receive a profit. Thanks to the efforts of the authorities, this summer the large-scale StartCom project, which was aggressively advertised by show business stars and bloggers, was closed.
It is possible that the issue will be resolved before 2022, but for now there is nothing special to present to the company. At the end of September, the Central Bank handed over the dossier on the holding to the Prosecutor General, citing the fact that the company was attracting rubles and cryptocurrency without “signs of economic activity.” A lawsuit has been filed against a company in Rostov-on-Don for blocking the website cashbery.com, registered in the USA. The prosecutor referred to the lack of a license giving the right to work in the financial market. The company administration denies this fact and refers to the fact that they did not receive any official notification.
So far, the bank cannot suspend its activities for 2 reasons:
- The Central Bank did not issue the permit, so it cannot revoke it.
- There were no claims from defrauded investors, since the deadline for returning the money had not yet arrived.
However, Cashbery has to document that it invests loans in MFOs/MCCs legally. The Central Bank excluded it from the list of microfinance organizations. Today, the intermediary platform has the status of a microcredit organization, and it does not have the right to attract deposits from third parties.
Ways to earn money in the company. Investment terms (marketing)
Cashbury does not limit its clients to just standard investment plans, as is usually the case in HYIPs. The company provides several ways to earn money for all its users, thereby giving them the opportunity to choose the most suitable one for themselves. Let's look at these methods and answer the question that most interests everyone: How to make money in Cashbury?
1. Investment in loans . There are 4 tariffs available for investing:
1.1 Luxury (loans to individuals):
- Deposit amount: 1,000 - 29,999 rubles or equivalent amounts in other currencies;
- Deposit period: 400 days;
- Deposit yield: 0.8% per day, 220% net profit for the entire period;
- Deposit: the investment made is included in the amount of accrued interest;
- Insurance: it is possible to insure your deposit.
1.2 Premier (loans to medium and small businesses):
- Deposit amount: 30,000 - 199,999 rubles or equivalent amounts in other currencies;
- Deposit period: 400 days;
- Deposit yield: 0.9% per day, 260% net profit for the entire period;
- Deposit: the investment made is included in the amount of accrued interest;
- Insurance: it is possible to insure your deposit.
1.3 President (loans secured by property):
- Deposit amount: 200,000 - 1,000,000 rubles or equivalent amounts in other currencies;
- Deposit period: 400 days;
- Deposit return: 1% per day, 300% net profit for the entire period;
- Deposit: the investment made is included in the amount of accrued interest;
- Insurance: it is possible to insure your deposit.
1.4 Р2Р 1000 (urgent loans):
- Deposit amount: 1,000 rubles or an equivalent amount in other currencies;
- Deposit period: 15 days;
- Deposit yield: 0.55% per day, 8.25% of net profit for the entire period;
- Deposit: returned at the end of the tariff;
- Insurance: no;
- Restrictions: creating more than 1 deposit per day is not allowed;
- Other features: the tariff is not always available.
General information regarding all tariffs:
- Deposit currencies: dollar, ruble, euro, hryvnia, tenge, bitcoin (to choose from);
- Return of the deposit ahead of schedule: possible when submitting an application for return (the deposit is returned within 45 days after submitting the application);
- Interest accrual: daily (including weekends);
- Minimum withdrawal: 1 dollar or 100 rubles;
- Payment of interest: must be ordered on Friday, application processing within 3 days.
I suggest you watch a video with a brief and very clear explanation of the process of investing in microloans.
https://www.youtube.com/watch?v=xoD_5_QsZM4&t
2. Investments in bankruptcy auctions.
Most recently, the Cashbury holding presented its new project “Auction League”. This is a full-fledged website with its own exchange, where investors can earn extra money by making transactions for the purchase and sale of property owned by debtors. Users are encouraged to buy various types of property or shares in it at a low price, and then make a profit from selling it at a higher price. Again, the site has a bunch of training video tutorials and other supporting materials. The developers even wrote a book, which is also freely available on the website.
Those who do not want to engage in trading on their own are encouraged to place their funds in trust for professionals.
The website has several tariffs for investing in trust management:
2.1 Compact:
- Deposit amount: 3,000 - 29,999 rubles or equivalent amounts in other currencies;
- Deposit period: 500 days;
- Deposit yield: 0.53% per day, 16% profit per month;
- Deposit: the investment made is included in the amount of accrued interest;
- Insurance: no.
2.2 Standard:
- Deposit amount: 30,000 - 199,999 rubles or equivalent amounts in other currencies;
- Deposit period: 500 days;
- Deposit yield: 0.63% per day, 19% profit per month;
- Deposit: the investment made is included in the amount of accrued interest;
- Insurance: no.
2.3 Premium:
- Deposit amount: 200,000 - 599,999 rubles or equivalent amounts in other currencies;
- Deposit period: 500 days;
- Deposit yield: 0.73% per day, 22% profit per month;
- Deposit: the investment made is included in the amount of accrued interest;
- Insurance: no.
2.4 VIP:
- Deposit amount: 600,000 - 1,499,999 rubles or equivalent amounts in other currencies;
- Deposit period: 500 days;
- Deposit yield: 0.83% per day, 25% profit per month;
- Deposit: the investment made is included in the amount of accrued interest;
- Insurance: no.
2.5 Extra:
- Deposit amount: 10,000 rubles or equivalent amounts in other currencies;
- Deposit period: 500 days;
- Deposit yield: 0.93% per day, 28% profit per month;
- Deposit: the investment made is included in the amount of accrued interest;
- Insurance: no.
General information regarding all tariffs:
- Deposit currencies: dollar, ruble, euro, hryvnia, tenge;
- Payments: Sberbank, Tinkoff, Advcash, Perfect Money, Payeer, Bitcoin, Ethereum.
- Returning the deposit ahead of schedule: is possible, but upon return it is subject to a 20% fine, and the amount of accrued interest is also deducted from it;
- Interest accrual: every week on Thursday;
- Interest payment: payments are ordered on Friday.
I recommend watching the presentation video of the Auction League .
https://www.youtube.com/watch?v=UK1FAgV33nk
3. Purchase and subsequent sale of company shares
Anyone who believes in the company and predicts its glorious future can buy shares and profit from the increase in their value. One person can purchase no more than 3,000 shares. You can do this on the official Cashbury website in the “Become a co-owner” section.
I don’t advise you to pay special attention to this method of making money in Cashbury. The price of shares is growing very slowly, and it is not a fact that one fine day their price will not stall, go down sharply, or the project will be closed altogether. Although the project management has repeatedly stated that in August 2022 the price of shares could increase by more than 200 times, I do not advise you to believe this and wait for weather from the sea.
4. Earning money by storing funds in a separate account of the Cashbury platform “My Safe”.
If, for example, you withdraw your earned money no more than once every two weeks, then while this money is in the company’s accounts, it can be increased a little more. So, if you place the interest accrued to you in a separate account called “My Safe“, then after 10 days you will receive a profit in the form of 3% of the amount placed. The money is not frozen for any specific period, so you can transfer it back to your account for withdrawal at any time.
5. Affiliate program.
The Cashbury company offers a very worthy affiliate program, with the help of which you can earn good money without investing anything, but simply by inviting your friends and acquaintances to the project using your referral link. The affiliate program is designed for 5 levels. Each tariff has its own affiliate accruals. Interest is accrued both from partners’ deposits and from their income. See below how affiliate profits are distributed across all levels.
By building your partnership structure, you can receive various cash bonuses from the company, which depend on the number of attracted partners and their total contribution amount.
You can also become a representative of the company in your region by opening an office using Cashbury funds, attracting a huge number of new investors to the company, and receiving corresponding bonuses for this.
What investors can expect
Not a single pyramid in the entire history of its existence has returned deposits in full. The participants of the structure receive income at the first stage. Those who invested later do not have a chance to increase their capital and return the entire amount. Finance expert D. Zolotov said that “it does not have instruments that bring high returns.”
Investors can only rely on the conscience of the founders, the measures of law enforcement agencies and accept the loss in advance. Lawyers explain that people can count on partial compensation paid by the Federal Fund for the Protection of Investor Rights. And only if Cashbury is recognized as a pyramid and added to the appropriate list, which does not always happen. When a company is entered into the register, people will be able to receive 25 thousand rubles. after the court recognizes them as victims.
Strategy: when to buy insurance?
I would like to draw your attention to the fact that you can and should insure your deposits at Cashbury! Be sure to use this tool! Insurance guarantees the safety of your investment!
From my experience with Cashbury, I advise you to do the following: Create a deposit, do not buy insurance yet, but withdraw your profit weekly. When the withdrawn profit approaches 70% of the deposit, stop withdrawing and save for insurance. From your savings, take out both insurance policies in turn and calmly receive your profits!
For clarity, I drew a table. In it you will see the timeframe for breaking even on tariffs.
