What is Legend Investment? Is LegendInvestment Scam or Legit?
Are you here to find out the answers of queries like what is Legend-Investment.com, either is Legend Investment a scam or legit, either is there lots of positive Legend Investment reviews or the negative Legend Investment complaints, either is the business model of Legend Investment legal or not, either is Legend Investment Ponzi Scheme or not and so on? If so, then here, within our Legend Investment review, you will find out the answers of all queries. Actually, Legend Investment is not what it is claiming to be, there is black truth about this site due to which we have listed it within our Not Recommended sites list because in order to recommend any online work companies, we don’t only consider either they are paying or not, but also consider several factors like, either they can keep on paying for long term or not, either their business model is legal or not and so on. When we did research on Legend Investment considering those factors, we found out that it doesn’t meet our requirements to list it within our recommended online work companies section and the reason for that we have explained in detail within our Legend-Investment.com review as below. In order to find out in details what factors do we consider to recommend any online work companies and which companies we have recommended by considering those factors, you can click this link:- newsonlineincome.org/legitimate-work-home-businesses/
Actually, when we consider all factors, it is not that we list companies in our Not Recommended list if they not meet some criteria. First of all we check the major criteria like business sustainability and legality of the companies. If they pass those major criteria, then we do further research on those companies like the rate of successful members in the company, the amount that each members can earn in average considering the time and effort they need to provide to work in that company, the owner’s background and so on. By considering these criteria, we rate those recommended companies by giving certain score out of 100. As per those rating, we have listed Wealthy Affiliate as a top online work company by giving 97/100 score. If you want to find out the details on Wealthy Affiliate and the reason why it get such high score, then you can click this link:- newsonlineincome.org/wealthy-affiliate-review/
But, Legend Investment fail to meet our major criteria due to which we have directly listed it within our Not Recommended sites list about which we have explained in detail as below.
Legend Investment login and join in link:- https://legend-investment.com/ (Not Recommended to join)
What is Legend Investment and why we don’t recommend it?
Legend Investment (Legend-Investment.com) is a company which claims to be a big investment company, but in real is a combination of Ponzi scheme and Pyramid scheme which is neither a legal, nor a sustainable business model. Like all Ponzi schemes, they have also hide their owner details within WHOIS record as well as in their website. Yep, we agree that they have provided some registration documents within their website, but those documents are related with UK Companies House registration where anyone can register company by paying 20 GBP just by providing a rental address of UK which can be rent from any virtual address office provider. For that they don’t have to provide the real address. More than that, when we further check their company registration documents in UK Companies House data, then it seems they have recently purchased this registration document because on 1st April 2016, Matthias End has been terminated as a director of the company and the new director known as Vittorio Braguglia has been appointed. What a great day to appoint new director, on April Fool’s day. Just Kidding. Sure, the reason we don’t recommend has nothing to do with April Fool day. What we want to point out here is the fact that they have claimed in their website that they are in the business from 1996 and provided company registration document which was registered in 1996. But, if you check the detail history of that company, you can find out that has been sold many times in the past and the last owner is Vittorio Braguglia from April 2016.
Their own website was registered on 2016-10-25 which you can find within WHOIS record. So, their claim to be in the business from 1996 is completely bogus which most of the Ponzi scheme sites do to show themselves as an established company. But in fact, they can’t sustain for long run because their business model is not sustainable to run for longer period and not legal as well. So, why are we saying their business model is not sustainable and not legal, what is wrong with that? OK, let’s take a look at the screenshot below which we have taken from the official website of Legend Investment:-
As in the screenshot above, you can see that Legend Investment has not any retail products or services to sell and members can earn money just by investing in their different ROI plans according to which members can earn 1% daily for 25 days to 3% daily for more than 301 days. We don’t understand what they mean by more than 301 days, but it seems may be they want to say 3% daily forever. So, when you observe those plans, if you fall for that and believe that they can make that much profit in real to pay back that much ROI on your investment amount, then you are fooling yourself.
Think in general way. If any company can payback 3% daily profit on investment amount, which means 90% profit within one month, then why they need to ask several people to invest in their project and pay them 3% daily instead of paying less than 1% monthly to any local bank by taking loan from bank? It is because in order to take loan from bank, their business need to be real with real financial statements and legal documents which simply they don’t have. Actually they are completely a Ponzi Scheme. They are not paying by making real profit, but paying existing members by using the money invested by new members. So, till date the ratio of new investment becomes higher than the withdrawal amount, they will keep on paying. Once they feel the amount that members are withdrawing becoming more than the new investment coming into the company, they will just shutdown their site and run with remaining money. Some of these companies even shutdown their site before that happens. That is why Ponzi scheme is not legal in many countries and definitely not sustainable as well.
More than that, they also provides upto 23% referral commission on purchase amount of those ROI plans. For details take a look at a screenshot below.
As shown in the screenshot above which we have taken from the official site of Legend Investment, you can see that the members can earn commission upto 3 levels of referrals according to the invested amount they have invested in the company. For example, if you invest $10, you can earn 7% from the purchase mount of your level 1 referrals, 2% from level 2 referrals and 1% from level 3 referrals and if you invest $3000 or above, then you can earn 20% from level 1 referrals, 2% from level 2 and 1% from level 3 (total 23%).
Level 1 referrals means the referrals that you directly recruit and level 2 means the referrals of your level 1 referrals and so on. So, like this, they provide their members to earn upto 3 level referrals same like in MLM (Multi Level Marketing) company, but the difference is, they provide those commission on the purchase amount of their ROI plans, which is not a real product or service. So, any company which provides referrals commission upto different level like MLM companies without selling any real products or services is categorized as Pyramid Scheme which is another illegal business model.
So, now it doesn’t matter even they can show their owner details clearly because what makes Legend Investment list in our Not Recommended list is its business model which is completely illegal and unsustainable as we have explained above.
Aforementioned, it is clear that Legend Investment is not a legal company which can be collapse anytime soon in the future. So, it is always better to stay away from these kinds of Ponzi and Pyramid schemes. If some countries have declared Ponzi and Pyramid schemes as illegal schemes, then you most know there is big reason behind that and that big reason is an unsustainable business model which can’t be sustain for long run and definitely will collapse. So, we have listed Legend Investment within our Not Recommended sites list. If you take a look at our recommended online work companies list, then you will find out that none of those have any kind of illegal and unsustainable business. You can take a look at those recommended online work companies list by clicking this link:- newsonlineincome.org/legitimate-work-home-businesses/
Like we have said before, among all recommended online work companies, we have rated Wealthy Affiliate as a No.1 Online Work Company and the reason for that you can find out within our detail review on Wealthy Affiliate by clicking this link:- newsonlineincome.org/wealthy-affiliate-review/
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