Review of Ultimate Business World
UBW Coin Ponzi Points
Ultimate Business World (UBW) makes claim to being based out of Estonia and operating in the digital currency MLM niche.
UBW asserts that they are owned by Manhattan Securities. Not surprisingly however, no further information about this company is provided on the website.
The Manhattan Securities website only shows the message: “Website is currently updating and will be online soon!” But, the domain itself was registered more than a year ago.
Ultimate Business World Website
A website called Manhattan Funding is frequently cited in the Ultimate Business World Terms and Conditions, which as of today redirects to the Ultimate Business World website.
Hmmmm…all 3 domains, Manhattan Securities, Manhattan Funding and Ultimate Business World have been registered privately.
On the website, listed as Chairman of Ultimate Business World is Paal Aschjem.
Paal is renowned throughout his international network for his role as the founder and longtime Chairman of the Norweigian-Estonian Chamber of Commerce, the Chairman of the Foreign Investors Council in Estonia, International Vice President of Junior Chamber International and the president of JCI Association of Senators in Europe.
Paal has developed several major companies in Norway and Estonia during the last 20 years.
In fact, an advertisement on the Norwegian embassy for Estonia website endorses Aschjem as the person to speak to if you’re interested in ‘networking/events with Norwegian companies established in Estonia‘.
I was unable to put together an MLM history, due to language barriers. Aschjem is originally from Norway but now resides in Estonia.
Here is a screen shot of Paal and team on their website:
So what’s the real story?
Read on for a full review of the UBW MLM opportunity.
Ultimate Business World Products
Ultimate Business World has no retailable products or services to speak of.
Our Vision is to be among the top 10 used currencies in the world and to be positioned behind these major currencies included the USD.
Ultimate Business World’s currency is the UBW Coin.
Said UBW Coin has been given a fake €1 EUR per coin beginning value. Ultimate Business World says that when a new affiliate joins their company, the price of a UBW Coin will supposedly go up €0.00002 EUR.
The best part – UBW affiliates sign up and pay a fee in order to receive UBW Coins as follows:
- Starter (€60 EUR) – receive €60 EUR worth of UBW Coins
- Business (€600 EUR) – receive €600 EUR worth of UBW Coins
- Professional (€3000 EUR) – receive €1000 EUR worth of UBW Coins
UBW affiliates can also purchase UBW Coins directly as follows:
- €100 EUR purchases €100 EUR worth of UBW Coins
- €200 EUR purchases €220 EUR worth of UBW Coins
- €300 EUR purchases €400 EUR worth of UBW Coins
- €500 EUR purchases €750 EUR worth of UBW Coins
Note: UBW Coins will not be available for purchase by the general public until May, 2017.
UBW Compensation Plan
The UBW compensation plan pays its affiliates a ROI through UBW Coin direct investment and investment into Rental Income Units.
In addition, affiliates are also paid to recruit new Ultimate Business World affiliates.
Ultimate Business World Coin Investment
Ultimate Business World affiliates invest between €100 to €500 EUR straight into UBW Coins.
The worth of the coins increases as more and more affiliates sign up and, of course, invest, sooner or later allowing an affiliate who holds coins to cash out a ROI.
And, of course, how much of an ROI is cashed out is ultimately decided by the rate of recruitment of Ultimate Business World affiliates.
The Rental Income Unite Investment
Ultimate Business World affiliates are able to invest €600 EUR into a Rental Income Unit.
Ultimate Business World will keep €120 EUR of each and every sale that is made inside of the company (seemingly exclusive of Starter and €100 EUR investment into UBW Coin), which is used to pay Rental Income Unit holders a daily ROI.
Ultimate Business World guarantee a daily ROI of between €6 and €12 EUR.
There’s a catch…after 12 months – an affiliate is obligated to pay a 10% ROI fee for the year if they want to keep their Income Unit Rental for an additional 3 years.
UBW Recruitment Commissions
The purported recruitment commissions in Ultimate Business World are paid out through a 3×7 matrix compensation structure.
A 3×7 matrix puts an affiliate at the top of a matrix, with 3 positions right underneath them.
Said 3 positions will form the 1st level of the matrix. The 2nd level of the matrix is created by dividing each of the initial 3 positions into another 3 positions each, for a total of 9 positions.
Successive levels of the matrix are produced in the exact manner, with a whole 3×7 matrix holding 3279 positions.
Positions in the matrix are filled through direct & indirect recruitment of Ultimate Business World affiliates.
When a newly recruited affiliate is added to a matrix, a commission is paid out like this:
- €1 EUR per Stater affiliate recruited
- €10 EUR per Business affiliate recruited
- Professional commission not disclosed
Note: In addition, the matrix is used to pay a residual commission on Rental Income Unit investment at a rate of €10 EUR per €600 EUR investment.
UBW affiliates can sign up merchants who are willing to accept UBW Coins as payment for their goods and services.
For every merchant signed up, the referring affiliate receives 0.5% of annual revenue produced by the merchant.
UBW Affiliate Incentives
Based on monthly earnings, UBW offers affiliates the below incentive bonuses:
- earn €25,000 EUR a month and receive a “dream vacation” and €7500 “value prize”
- earn €50,000 EUR a month and receive a €3000 EUR a month car bonus (recurring)
- earn €100,000 EUR a month and receive a “luxury watch”, “luxury clothes and shoes” and a “€30,000 EUR value prize”
- earn €200,000 EUR a month and receive a “€10,000 monthly prize” (recurring)
- earn €500,000 EUR a month and receive a “€30,000 monthly prize” (recurring)
- earn €1,000,000 EUR a month and receive a “luxury house”, “all-inclusive VIP trip with family” and “VIP living with chauffeur”
Ultimate Business World affiliate membership is part of the purchase of an affiliate package such as these:
- Starter – €60 EUR a year (automatically upgrades to Business Package once €600 EUR commissions have been made)
- Business – €600 EUR ten year membership
- Professional – €3000 EUR ten year membership
UBW’s Bottom Line?
Notwithstanding appearing to be a lot like a cryptocurrency, Ultimate Business World insists that UBW Coin is ‘not a crypto coin & not mined‘.
They state that rather, it is ‘a digital currency with a real value and a limited amount of coins to be released‘.
Why does this matter?
Well, let’s see.
UBW Coin is clearly a point-based scheme, with each point allocated an random value by Ultimate Business World.
The opening starting value of €1 EUR per coin is totally false and not based on any real value at all.
At that time, the only prompt in order to increase the value of the points will be through affiliate recruitment. UBW Coin says that this is to “maintain a realistic coin value”. Yeah right!
The key word here is “maintain”. The random value Ultimate Business World assigns to their UBW Coins isn’t founded on a real supply & demand. It’s a imitation intended to cover-up the real value.
And, needless to say, this is definitely not how a valid digital or fiat currency works.
According to Ultimate Business World, ‘from December 1st 2016 it will be the market that will decide the price‘. Their plan appears to be to take UBW Coin public in May, 2017.
The big problem is that, until then, all you have is hypothetical affiliates pumping money into the coin, which exaggeratedly increases its value.
The only reason that affiliates are investing is with the hope that UBW Coins will increase in value so that in May, 2017, they can cash them out.
Why, I ask, would the general public be involved in buying a coin whose worth has been pumped up by nothing but hypothetical investments? This is ludicrous and makes no sense.
In fact, the only source of revenue presently entering into Ultimate Business World is affiliate investment, as of the time of publication.
Ultimately, this means that any UBW Coin cash outs are subsidized by subsequent investment, making UBW Coins a vehicle for Ponzi fraud.
The Rental Income Unit element of the compensation plan takes this one step further, promising a daily ROI that is specified to be obtained from subsequent investment.
The matrix commissions which are supposedly paid out on affiliate package investment adds a pyramid layer to this crazy scheme, because without continuous recruitment – Ultimate Business World will definitely collapse.
And, I cannot say this enough – Ultimate Business World is no different to any number of altcoin MLM opportunities who are operational as Ponzi schemes. The only difference in this one is that they aren’t even pretending their point-generation script is a legitimate cryptocurrency.
So, the bottom line is – fraud is fraud, and Ultimate Business World does not provide any regulatory registrations for financial services or securities.
Instead, Ultimate Business World Claims
During October/November 2016 UBW is planning to have its financial operating license in place giving the currency even more flexibility.
The UBW domain was registered in April, 2016. Until such a time as financial licenses are secured, Ultimate Business World is and has been committing financial fraud.
That is clearly not the basis for a successful MLM opportunity that will be successful in the long run.
Ultimate Business World – Conclusion
Quickly, Ultimate Business World investors who throw their money into UBW Coins will ultimately realize that they have been scammed when they put in withdrawal requests.
These requests will be put off by imitation increases in UBW Coin’s value, with “fear of loss” coming into play In other words, they will think “If I get out now, I’ll lose out because the value continues to climb”. Couldn’t be farther from the truth!
An Ultimate Business World affiliate marketing presentation dated September 14th states:
Keep your coins and watch them grow in value!
In the meantime, Ultimate Business World’s owners are accepting real money for worthless points that they have conned affiliates into believing are truly worth something.
In the end, management will declare that it is not their fault that there is no demand for UBW Coins come May of next year.
As an Ultimate Business World affiliate with theoretically thousands invested, where does that leave you?
UBWs Return Policy
Any and all fees charged to your account are non-refundable.
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