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Smart Business Corp’s website has no information about the company’s ownership or executives.

Further investigation identifies Ernesto Reséndiz as the founder and CEO of Smart Business Corp:

Reséndiz claims to be headquartered in Mexico on LinkedIn. This links along with the fact that Smart Business Corp is situated in Mexico. A Mexican domain is also used by the firm.

The website domain (“smartbusinesscorp.com.mx”) for Smart Business Corp was initially registered in 2015. The owner is given as “Ernesto Resendiz Lopez” with an incomplete address in Benito Juarez, Mexico.

Smart Business Corp’s website domain was redirected to “smartfundlimited.com” according to the Wayback Machine.

Until at least November 2020, this was the situation. Smart Business Corp’s current website, I believe, launched in the middle of 2021.

This website is administered by SBC, according to the Smart Fund Limited website.

1276 Kumul Hwy, 1st Flr Govant Bldg, Port Vila, Vanuatu is where SBC operates and/or delivers services.

SBC, or Smart Business Corp, has no links to Vanuatu. Scammers usually register shell businesses in scam-friendly jurisdictions to conduct MLM operations.

On Smart Business Corp’s official YouTube account, the earliest video is from March 2020. The inauguration of SBC’s offices in Mexico is depicted as follows:

We might deduce from this that Smart Business Corp has existed under its name since at least early 2020.

Smart Fund Limited was a trading opportunity that did not pan out. SBC was a broker back then: it was created in 1996 and is now one of the largest and most well-known brokers in the market.

We produce a lot of trading volume and give a lot of liquidity to traders all around the world.

Smart Business Corp seemed to me to be a relaunch of Smart Fund Limited. It turns out it’s a relaunch of a previously failed Ponzi scheme conducted by Resendiz.

IBF International sought $410 in investments with the promise of a monthly return of $100.

South America was the focus of IBF International. It appears to have crashed for the first time in 2014, forcing Ecuadorian authorities to detain creator Ernesto Reséndiz on a promotional trip.

In July 2014, Ecuavisa reported that a fresh case of enormous fraud had been detected in Machala. A Mexican citizen was detained in Ourense, the capital of the state of Ourense, for allegedly being involved in a new big fraud involving the online advertising system.

So far, 30 customers have filed complaints about not receiving their income after depositing between $250 and 410 dollars as a membership fee to start the advertising firm.

Separately, El Comercio claimed that a foreigner claiming to be the director of the IBF International business explains how the “biggest and most lucrative capitalization system without debt” works for a group of individuals.

Ernesto L., 42, the company’s accused director, was detained last Thursday in Machala, El Oro’s capital. After several members condemned him for allegedly failing to pay, the police captured him in an office.

His preventive detention for the crime of fraud was imposed by the Second Court of Criminal Guarantees on July 4.

I couldn’t discover any information on what happened after Resendiz was arrested.

This “debt reduction” foolishness has been going on in Mexico since at least 2011; as part of a national tour, Smart Business Corp’s director, Ernesto Reséndiz López, traveled to Zacatecas to showcase this new way of conducting business.

Members of this organization, which has over 11,000 members countrywide, get together to provide financial assistance to one another while also receiving training to start and run successful enterprises.

He emphasized that while the concept of lending money to one another, obtaining training guidance, and making a profit among members is easy, putting it into practice is difficult.

According to its founder, who was in a Fenaza room giving a presentation, the creative initiative, which started with avoiding falling into debt and has been operating for a year, has crossed boundaries and is now being implemented in other nations.

When all of this is taken into account, we have 1. Ernesto Resendiz launches the Smart Business Corp Ponzi scheme in Mexico around 2010; 2. Smart Business Corp collapses, prompting Resendiz to launch IBF International; 3. IBF International expands beyond Mexico and eventually collapses in mid-2014; 4. Resendiz is arrested in Ecuador in July 2014, and the case goes cold; 5. Resendiz returns to Mexico at some point and launches Smart Fund Limited, a non-Ponzi scheme.

8. For more than a decade, Mexican authorities appear to have been asleep at the wheel when it comes to Resendiz’s multiple Ponzi scams.

We’re looking at the most recent version of Smart Business Corp today.

Continue reading for a thorough examination of Smart Business Corp’s multilevel marketing potential.

The Products of Smart Business Corp.

Smart Business Corp does not sell any items or services to the general public.

Smart Business Corp affiliate membership is the sole product that affiliates may sell.

The Compensation Plan of Smart Business Corp.

Affiliates of Smart Business Corp invest in bitcoin in USD equivalents.

This is based on a promise of a “compound ROI” that will be paid out monthly for the next 24 months.

Affiliates of Smart Business Corp might select between two initial investment plans:

• Basic – put in $795 and get 2% a month for 24 months ($1278.71 total return).

• Premium – pay $995 and get 5% every month for 24 months ($3208.97 total return).

Smart Business Corp provides “extra plans” if an additional investment plan is selected.

Additional Smart Business Corp programs are available depending on whether an affiliate started with the Basic or Premium tier.

The extra plans can be purchased at the time of enrollment as part of a Basic or Premier tier investment, or separately thereafter.

Additional Plans + Basic Tier (invested in together at signup)

• Put down $795 Plus $500 and get 3% a month for 24 months ($904.36 total return)

• Invest $795 + $1000 and get a monthly return of 3.5 percent for 24 months ($2032.79 total ROI)

• Invest $795 + $2000 and get a monthly return of 4.5 percent for 24 months (5126.61 total ROI)

• Put down $795 + $5000 and get 5.5 percent every month for 24 months ($16,125.50 total return).

• Invest $795 + $10,000 and get a monthly return of 6.5 percent for 24 months ($47,489.35 total return)

Additional Plans + Premium Tier (invested in together at signup)

• Put down $995 Plus $500 and get 5% a month for 24 months ($4821.52 total return)

• Invest $995 Plus $1000 and get a monthly return of 5.5 percent for 24 months ($6823.56 total ROI)

• Put down $995 + $2000 and get 6% a month for 24 months ($11,306.84 total return)

• Put down $995 + $5000 and get 7% a month for 24 months ($28,570.80 total return)

• Put down $995 + $10,000 and get 8% a month for 24 months ($66,620.78 total return)

Only the Extra Plans are available (invested into after signup on their own)

• Invest $500 and get a monthly return of 2.5 percent for 24 months ($904.36 total return)

• Put in $1000 and get 3% a month for 24 months ($2032.79 total return)

• Put in $2000 and get 4% a month for 24 months ($5126.61 total return)

• invest $5000 and get 5% per month for 24 months ($16,125.50 total return) • invest $10,000 and get 6% per month for 24 months ($40,489.35 total return)

Smart Business Corp’s MLM division compensates for affiliate investor recruiting.

Affiliate Ranks of Smart Business Corp

In Smart Business Corp’s pay structure, there are eight affiliate ranks.

They are as follows, along with their respective qualification criteria:

• Smart Executive – Become a Smart Business Corp affiliate and invest in the company.

• Master Junior – invest $500 personally, recruit six Smart Executives who have invested in another plan, and generate $60,000 in total downline investment volume • Master Senior – invest $1000 personally, maintain six personally recruited Smart Executives (one Master Junior), and generate $120,000 in total downline investment volume

• Master Trainer – invest $5000 personally, recruit nine Smart Executives (one Master Senior and one Master Junior), and generate $500,000 in total downline investment volume. • Master Manager – invest $10,000 personally, maintain nine personally recruited Smart Executives (one Master Trainer, one Master Senior, and one Master Junior), and generate $1,000,000 in total downline investment volume.

• Master Elite – spend $20,000, hire twelve Smart Executives (one Master Manager, one Master Trainer, one Master Senior, and one Master Junior), and produce a total investment volume of $2,500,000.

• Master Superior – spend $40,000 individually, maintain twelve personally recruited Smart Executives (one Master Elite, one Master Manager, one Master Trainer, and one Master Senior), and produce a total downline investment volume of $5,000,000.

• Master Platinum – spend $100,000 on yourself, recruit fifteen Smart Executives (two Master Elites, one Master Manager, one Master Trainer, and one Master Senior), and produce a total downline investment volume of $10,000,000.

Additional “Master Test” certification standards are available, ranging from “Basic 1” at Master Junior to “Advanced 3” at Master Platinum.

It is unclear what the Master Test is.

It’s worth noting that the needed downline investment volume isn’t calculated in full for each investment.

Based on unilevel team levels, Smart Business Corp lowered counted investment volume.

An affiliate is put at the head of a uni-level team, with every individually recruited affiliate placed right behind them (level 1):

Level 1 affiliates who recruit new affiliates are assigned to the original affiliate’s unilevel team’s level 2.

If any level 2 affiliates recruit new affiliates, they are promoted to level 3, and so on, up to a theoretical limit of an unlimited number of levels.

Smart Business Corp counts investment volume across eight unilevel team levels for rank qualification:

• The investment volume from the unilevel team’s levels 1 and 2 is counted at 100%.

• The unilevel team’s levels 3 and 4 accounts for 90% of the investment volume.

• The unilevel team’s levels 5 and 6 accounts for 80% of the investment volume.

• Investment volume from the unilevel team’s levels 7 and 8 is counted at 30%.

Commissions for Recruiting

Each affiliate recruited by Smart Business Corp earns a $200 commission.

There doesn’t seem to be a difference between the Basic and Premier tiers of recruiting.

The incentive scheme for Smart Business Corp additionally includes a $450 bonus for every three affiliates recruited.

There is no differentiation made between Basic and Premium recruiting.

During the first eighteen weeks of a new Smart Business Corp affiliate’s life, there is no limit on the amount of recruiting commissions that may be paid out.

Recruitment commissions are capped after this period. There are no specifics offered.

Residual Commissions are commissions that are paid regularly.

On subsequent plan investments, Smart Business Corp pays residual commissions.

Residual commissions are given at three levels (unilevel team) of recruitment:

• 5% for level 1 (personally recruited affiliates)

• 3 percent at level 2

• 2 percent at level 3

Bonus for the Master

The Master Incentive is a monthly bonus provided to Smart Business Corp affiliates who have a high ranking.

• become a Master Junior and earn $500 per month; become a Master Senior and earn $1500 per month; become a Master Trainer and earn $5000 per month; become a Master Manager and earn $10,000 per month; become a Master Elite and earn $20,000 per month; become a Master Superior and earn $45,000 per month; become a Master Platinum and earn $100,000 per month

Bonus 5-1

A $100 incentive is handed out for every five affiliates directly or indirectly recruited into a Smart Business Corp affiliate’s unilevel team.

The 5-1 Bonus looks to include an upline component:

• If an affiliate earns a $100 5-1 Bonus, their upline (the affiliate who recruited them) earns $300; if an affiliate earns $300 in 5-1 Bonuses, their upline earns $600.

The 5-1 Bonus, which includes the upline component, looks to be an unlimited bonus.

Become a member of Smart Business Corporation

Affiliate membership with Smart Business Corp costs $795 for Basic and $995 for Premium.

These memberships have a face value of $24 for 24 months.

The more money a Smart Business Corp affiliate puts in, the more money they may make.

Conclusion of Smart Business Corporation

Ernesto Reséndiz’s many Ponzi scams continue with Smart Business Corp.

The newest iteration indicates a move to cryptocurrency fraud, with Smart Business Corp seeking bitcoin investment.

That is all there is to it. That’s the one thing that sets this apart from Resendiz’s past Ponzi scams.

The website of Smart Fund Limited has been preserved since it is a component of Smart Business Corp’s Ponzi scheme:

Affiliates invest in bitcoin, which is then transferred to Smart Fund Limited, which then invests in something traders, resulting in a yes Ponzi scam.

It’s a little more complicated than your average Ponzi scheme, but it’s still the same “trading” crap we see in MLM crypto frauds.

Naturally, there is no proof of trade activity at Smart Business Corp.

Furthermore, neither Smart Business Corp nor Ernesto Reséndiz is a licensed broker-dealer in Mexico or anywhere else.

This suggests that Smart Business Corp is committed securities fraud at the very least.

Taking a step back, it should be evident that if Ernesto Reséndiz could genuinely generate the returns he promised investors after at least eleven years, he would be among the world’s wealthiest individuals.

Instead, he’s promoting the latest cryptocurrency iteration of his already defunct Ponzi scam. According to data from SimilarWeb, investors in South America are once again falling for it:

As with many MLM Ponzi scams, once affiliate recruiting stops, fresh investment stops as well.

Smart Business Corp will be deprived of ROI revenue as a result, finally collapsing.

Ponzi schemes are mathematically certain to lose money for the vast majority of participants when they fail.

I’m not sure why the Mexican government hasn’t taken action against Reséndiz yet. When it comes to regulation, Mexico isn’t the most transparent country.

What I can say is that if he’s been defrauding people for over a decade with no repercussions, there’s something fishy going on.

When Smart Business Corp goes bankrupt, Reséndiz’s victims will be worse off than ever before (again).

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