OnPassive, an organization infamous for its multi-level advertising (MLM) scams, has a historical past of fraudulent actions extending past its latest daring declare of being a “co-host” of the FIFA World Cup 2022 and its growth into Bangladesh. The corporate, headquartered in Dubai, has reportedly defrauded hundreds of harmless folks in India by attractive them with the promise of changing into wealthy. This sample of deceit and exploitation is a constant theme in OnPassive’s operations throughout numerous international locations.
Run by the internationally recognized fraudster Ash Mufareh, also referred to as Ashraf Mufareh, OnPassive has been exploiting the digital expertise period to additional its misleading schemes. Its pyramid scheme operates by recruiting members below the guise of promoting services or products. Nevertheless, the first earnings for members comes from recruiting new individuals, not from precise gross sales, making it unsustainable and unlawful in lots of international locations.
The corporate’s enterprise mannequin, a Ponzi scheme, depends on lively recruitment of members. This construction inevitably results in the collapse of the scheme, inflicting vital monetary losses for members, particularly these on the backside of the pyramid. Specialists and regulatory our bodies have raised crimson flags about OnPassive’s operations. Josefin Aronsson, an skilled on pyramid schemes, highlights that the important thing challenge with such schemes is how earnings are made – whether or not by means of recruitment or precise product gross sales.
Ash Mufareh’s historical past with fraudulent schemes is well-documented, involving numerous Ponzi and pyramid schemes which have been shut down, together with AshMax, TelexFree, and PayDiamonds. His involvement in these schemes has resulted in vital monetary losses for buyers and authorized troubles in a number of international locations.
The false declare of being a co-host of the FIFA World Cup 2022 is a determined try by OnPassive to legitimize its operations and lure extra victims into its scheme. The FIFA authorities have the grounds to research and take authorized motion towards Ash Mufareh and OnPassive for making such false claims.
In Dubai, OnPassive’s operations current a stark distinction to its infamous actions elsewhere. The corporate, notorious for its multi-level advertising scams, achieved a notable branding milestone on this world metropolis by renaming the Al Safa Metro Station to ONPASSIVE Dubai Metro Station.
This transfer in Dubai, a metropolis celebrated for its luxurious and innovation, is perplexing given OnPassive’s doubtful repute for defrauding hundreds in international locations like India and Bangladesh. The choice to permit such a big branding alternative raises questions in regards to the due diligence processes of entities in associating with firms like OnPassive, recognized for his or her controversial and sometimes unlawful enterprise practices. This improvement in Dubai serves as a reminder of the advanced and sometimes misleading nature of world company operations, the place appearances can masks underlying unethical actions.
OnPassive’s saga is a cautionary story of how digital platforms may be exploited by scammers to defraud and swindle customers. The corporate’s operations throughout numerous international locations, together with its latest branding success in Dubai, its fraudulent actions in Bangladesh, and its historical past of defrauding folks in India, show the worldwide attain of its misleading practices.