Inside the new Ponzi scheme

The sky is blue. Twitter is a cesspool. There’s a new Ponzi scheme in town. What do these all have in common? They’ll always be facts. is the newest Ponzi in town, and I applaud the founders for not even putting any extra effort into convincing anyone it’s legit. Everything about the Vexam platform screams Ponzi scam. It checks all boxes.

The Website

The website is a scrolling banner of red flags. Let’s consider a few.

  • All claims no proof approach: Vexam claims it does auto trading on your assets in the cryptocurrency and stock markets. It claims profits are guaranteed. It claims it’s got a team of specialists working behind the scenes. Claims. Claims. Claims. Like every Ponzi before it, there’s no hard evidence to prove any of these, and all it leaves behind are questions begging for answers. How do you promise guaranteed steady trading income in a bearish crypto market? Why were none of Vexam’s team of specialists working behind the scenes named?
  • Investment plan: Vexam has 2 Ponzi-Esque investment plans. Okay, no surprises there. The essential plan promises 220% ROI on a minimum deposit of $25, while the Vanguard plan boasts a 300% ROI potential on a minimum deposit of $5000. No sage is required to tell you this is hogwash and far from sustainable. Yes, they’ll probably last for a while before disappearing.

The Certificate

  • Congratulations, Vexam, on purchasing every Ponzi’s favorite documentation – Companies House Certificate of Incorporation. I call it the ‘tell me you run a Ponzi without telling me you run a Ponzi certificate…lol. For the uninformed, I’ll have to spell it out. This certificate proves nothing “it’s not a trading certificate. Anyone can get it; it’s that cheap. There are no background checks or any other basic requirement to obtain one. There are even services where you can pay for a generic office address to use for the registration as well as add fake company team members. It’s a needless and pointless piece of crap that should have been scrapped long ago. Vexam registered theirs with the generic address 17 Fermoy Road, London, England, W9 3NH. And Bibi Eliot (not mentioned anywhere on the Vexam website) was named company director. 

Domain Registration

  • Ponzi schemes used to register a throwaway domain valid for one year, but the jig is up with that trick, and they know it. Now, to convince you they’re going nowhere in a hurry, Ponzis buy expired domain names and pay for a few years. Nothing expensive; trust me, anyone can do this with $100 or less. Anyway, was originally bought in 2002, but the new Vexam guys using it to facilitate their Ponzi bought it in 2022-07-08 and have registered it for the next 4 years to expire in 2026-07-03. It’s all smoke and mirrors. Don’t be deceived.

Referral Program

  • What’s a Ponzi without a solid referral program? has a 3-level referral program paying 5%, 2%, and 1%, respectively. And you can get on the program without having to deposit any money. If you have friends trying to coax you to join Pexam, you should probably cut them off. They probably have not invested in it but want to make a commission by getting you to invest.

Final Verdict

You know it already. The platform is a screaming Ponzi scam.

Learn the best tricks to identify a scam platform here

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