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On its website, Lucent Trader gives no reliable information about the ownership or executives of the firm.

Chairman James Brent Craig is reportedly in charge of Lucent Trader;

James Brent Craig, a commodity analyst and forex trader with more than 16 years of experience in the financial sector, is the chairman and executive director of Lucent Trader.

Since 2005, he has been trading and has amassed a profitable trading methodology that he has been able to impart to other successful traders with reliable outcomes.

James, a family guy from Miami, Florida, enjoys meeting new people and traveling.

Unsurprisingly, Craig does not exist outside of the marketing for Lucent Trader. He is now a top candidate to be the next Boris CEO.

What I think the person or people behind Lucent Trader have done is stolen the name of a real James Brent Craig.

The real Craig is situated in Florida and has a FINRA registration. The fictitious Craig biography from Lucent Trade seems to be based somewhat on the real Craig’s FINRA history.

The man depicted on Lucent Trader’s website looks to be of Indian or Middle Eastern descent. The true James Brent Craig in Florida is “white, not Hispanic,” according to public documents.

Regardless of where he is from, it is obvious that the man posing as Craig on the Lucent Trader website is not “white, not Hispanic.”

This isn’t the first time con artists have stolen a FINRA-registered broker’s identity.

The domain name “lucentrader.com” for Lucent Trader’s website was initially registered in March 2021. On March 14, 2022, the private registration was last updated.

Lucent Trader claims to have been founded in 2014, even though it has only been operating for, at most, a little over a year.

On its website, Lucent Trader gives a company address in the UK to look trustworthy. This is irrelevant for MLM due diligence.

Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.

Trader’s Products by Lucent

There are no retailable goods or services offered by Lucent Trader.

Only the Lucent Trader affiliate membership itself may be promoted by affiliates.

Plan of Compensation for Lucent Traders

Affiliates of Lucent Trader make investments with the hope of achieving the rewards promised:

Invest $300 to $50,000,000 and get 1% every day for three years with Cradle Incorporation.

Investments between $5000 and $5,000,000 will yield 4.25 percent weekly for 52 weeks using CBD.

Invest $5000 to $5,000,000 in cryptocurrency mining to earn 7% weekly for 52 weeks.

Invest $10,000 to $5,000,000 in the Forex Fund to receive 7.5 percent each week for 52 weeks.

Investments between $20,000 and $20,000,000 in cryptocurrency will yield 8.75 percent weekly for 52 weeks.

Invest $50,000 to $50,000,000 in real estate to get 10% weekly for 52 weeks.

Investments between $50,000 and $50,000,000 will yield a weekly return of 20% for 52 weeks in an oil and gas partnership.

Be aware that the investment plans offered by Lucent Trader have some overlap.

Additionally, keep in mind that Lucent Trader charges a 10% fee for each withdrawal.

Lucent Trader uses a uni-level compensation system to pay referral commissions.

An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they recruited is positioned immediately under them (level 1):

New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.

If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.

Ten is the maximum number of payable team levels per Lucent Trader.

According to these 10 tiers, referral commissions are distributed as a proportion of money as follows:

level 1 (affiliates individually recruited) – 10%

levels 2 through 10: not revealed

It looks to be free to sign up for a Lucent Trader affiliate membership.

The connected income opportunity requires a minimum commitment of $300 to be fully engaged.

Lucent Trader Summary

According to Lucent Trader, it uses a “unique trading approach” to make money from outside sources.

There is no proof that trading profits were utilized to cover affiliate withdrawals.

Additionally, the Ponzi logic test shows that Lucent Trader’s business model is flawed.

The corporation would invest its own money and quickly be among the world’s wealthiest if it already had a trading technique that generated 20% of profit every week.

They seldom ever require your financial support. They wouldn’t be giving you access for free either.

Because the trading method doesn’t exist, much like the company’s fictitious Chairman, Lucent Trader’s business model is absurd.

The new investment volume is the sole provable source of income for Lucent Trader.

Lucent Trader is a Ponzi scam because it pays affiliate withdrawal requests using fresh investments.

As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.

As a result, Lucent Trader will eventually fail from a lack of ROI income.

The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.

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