According to a recent review by BehindMLM, a leading MLM review platform, Top GPT has been identified as a “click a button” Ponzi scheme. The platform raises significant red flags, including a lack of transparency about its ownership and executive team, dubious claims of legitimacy, and misleading information. Given their reputation, investors should pay attention to BehindMLM reviews and warnings.
Red Flags and Lack of Transparency
Top GPT operates under two domains: top-gpt.vip and top-gpt5.vip, both privately registered in April 2024. Despite claims of legitimacy, Top GPT displays an unrelated Florida company certificate for Quantimental Investments LLC dated February 2021. However, BehindMLM concluded that this certificate has no apparent connection to Top GPT. Additionally, Top GPT mentions TOP-Gpt Intelligent Trading Co., Ltd, a company registered in Santa Clara, California, would be the operator. The information about the operator is contradictory and sometimes completely nonsensical.
The Central Bank of Russia (CBR) issued a pyramid fraud warning against Top GPT on May 17th, 2024.
Our extended review also discovered that Top GPT works with Binance’s Terms of Use (see screenshot left) and does not offer its own. Apparently, the operators have simply copied the Binance Terms because it is faster than creating their own.
No Real Products or Services
Top GPT offers no saleable products or services. Affiliates can only promote Top GPT membership. The compensation plan requires affiliates to invest in Tether (USDT) with promises of high returns based on the investment amount and recruitment efforts. The scheme offers returns ranging from 2.5% to 4% per day, contingent on recruiting additional affiliate investors.
The Reality Behind the Scheme
Top GPT claims to generate revenue through quantitative trading facilitated by an AI trading robot. However, BehindMLM clarifies that the scheme relies on new investments to pay earlier investors, a hallmark of Ponzi schemes. Clicking a button in the app, purportedly to trigger trading, does nothing but recycle funds.
Top GPT is part of a broader trend of “click a button” app Ponzis that has proliferated since late 2021. Similar schemes, such as GSTAIQ, edX AI, and PDT Quantify, have already collapsed. These schemes typically vanish abruptly, disabling their websites and apps and leaving most investors at a loss.
Conclusion
Top GPT is a clear example of a Ponzi scheme masquerading as a legitimate investment platform. Potential investors should be wary and avoid engaging with Top GPT or similar “click a button” schemes. Always research and ensure transparency before committing funds to any investment opportunity.
