TafaBot operates within the MLM cryptocurrency area of interest.
TafaBot’s web site area (“tafabot.com”), was first registered in June 2021. The non-public registration was final up to date on August nineteenth, 2022.
Heading up TafaBot are co-founders Samuel Benedict Ogbonnaya (CEO) and Victor Otubo (aka Otubo Victor Ogemdi and “Dr. OVO”).
Ogbonnaya, who for some cause has omitted his surname as head of TafaBot, is initially from Nigeria.
Circa 2013, Ogbonnaya was operating an ecommerce platform referred to as “ShopKudi”.
ShopKudi seems to have collapsed on or round late 2013.
After ShopKudi, Ogbonnaya reinvented himself as a crypto bro. This noticed him launch the blockchain growth agency Blockchain Tech Hub in 2015.
Blockchain Tech Hub went nowhere however did result in Ogbonnaya launching SatoWallet in 2017.
SatoWallet was a “staking” mannequin Ponzi scheme constructed round an inhouse SATOS shitcoin.
Via “SatoWallet Shares” funding positions, SatoWallet traders have been pitched on returns as excessive as 40% a month.
SatoWallet collapsed in late 2019. Ogbonnaya blamed the collapse on “technical points”.
How a lot Ogbonnaya stole by SatoWallet’s exit-scam is unclear however has been pegged at over 1,000,000.
Someday between 2017 and 2019 Ogbonnaya relocated to Dubai.
Such to the extent Ogbonnaya may need continued to defraud shoppers after SatoWallet’s exit-scam, it was saved low-key.
In mid 2021 Ogbonnaya launched TafaBot from the area “tafabot.commerce”.
Tafabot’s unique incarnation noticed Ogbonnaya promote a buying and selling bot to unsuspecting shoppers.
Tafabot is an automatic cryptocurrency futures buying and selling robotic that earns you passive revenue of your capital with out your capital leaving your pockets.
Tafabot was constructed by merchants with distinctive buying and selling methods that has been confirmed for over 8 years to offer constant revenue and reduce loss even as much as 0% .
The losses Ogbonnaya scammed his SatoWallet traders out of weren’t disclosed.
Someday after launching TafaBot, Ogbonnaya seems to have gotten concerned within the Russian Skyway Capital Ponzi scheme.
The unique TafaBot collapsed someday after Ogbonnaya’s February 2022 Skyway Capital PR look. If I needed to guess, in all probability across the time of the Terra/Luna collapse in Could.
This noticed Ogbonnaya reboot Tafabot by the “tafabot.com” area, which up till July had redirected to TafaBot’s unique “tafabot.commerce” area.
Simply shy of a yr on out from the reboot, Ogbonnaya nonetheless runs TafaBot from Dubai. This assessment relies on “model 4.0” of TafaBot’s compensation plan, which suggests TafaBot has already been rebooted a number of occasions over the previous yr.
Ogbonnaya is joined by TafaBot “co-founder” Otubo Victor Ogemdi (aka Dr. OVO), additionally a Nigerian nationwide.
Ogemi seems to be a failed “licensed life coach” turned crypto bro.
As a result of proliferation of scams and failure to implement securities fraud regulation, BehindMLM considers Dubai to be the MLM crime capital of the world.
BehindMLM’s tips for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re making an attempt to rip-off you.
- If an MLM firm relies out of or represents it has ties to Dubai, it’s a rip-off.
If you wish to know particularly how this is applicable to TafaBot, learn on for a full assessment.
TafaBot’s Merchandise
TafaBot has no retailable services or products.
Associates are solely in a position to market TafaBot affiliate membership itself.
TafaBot’s Compensation Plan
TafaBot associates pay a payment to entry “buying and selling bot” funding plans.
The extra a TafaBot affiliate pays in charges the extra they’ll make investments:
- Starter – $100 yearly and permits an affiliate to take a position as much as $3000
- Superior – $500 yearly and permits an affiliate to take a position as much as $25,000
- Skilled – $1000 yearly and permits an affiliate to take a position as much as $100,000
Observe that TafaBot prices a ten% payment on all ROI funds.
The MLM facet of TafaBot pays on recruitment of affiliate traders.
Referral Commissions
TafaBot pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned immediately underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
TafaBot caps payable unilevel crew ranges at fifteen.
Referral commissions are paid as a share of affiliate charges paid throughout these fifteen ranges as follows:
- stage 1 (personally recruited associates) – 20%
- stage 2 – 5%
- stage 3 – 4%
- stage 4 – 3%
- ranges 5 to eight – 1.5%
- ranges 9 to fifteen – 1%
Observe that to earn on all fifteen ranges, a TafaBot affiliate should recruit 5 affiliate traders.
If this requirement is just not met, referral commissions are solely paid on as much as ten unilevel crew ranges.
ROI Match
TafaBot pays a ROI Match utilizing the identical unilevel compensation construction used to pay referral commissions (see above).
TafaBot’s ROI Match is made up of fifty% of the ten% payment charged to all TafaBot associates who obtain a ROI:
- stage 1 – 10% match
- stage 2 – 8% match
- stage 3 – 6% match
- stage 4 – 5% match
- stage 5 – 4% match
- ranges 6 and seven – 3% match
- stage 8 – 2% match
- ranges 9 and 10 – 3% match
- stage 11 – 4% match
- stage 12 – 5% match
- stage 13 – 6% match
- stage 14 – 8% match
- stage 15 – 10% match
Way of life Bonuses
TafaBot rewards associates who generate downline affiliate charges with the next one-time Way of life Bonuses:
- generate $150,000 in downline affiliate charges and obtain a Hugo Boss wrist watch
- generate $1,000,000 in downline affiliate charges and obtain a “5-Star Dubai couple journey” and $10,000
- generate $3,000,000 in downline affiliate charges and obtain a “Jetour Dashing Automotive”
- generate $5,500,000 in downline affiliate charges and obtain a Porsche Macan 2023
- generate $10,500,000 in downline affiliate charges and obtain a Porsche GTS 2023
- generate $20,000,000 in downline affiliate charges and obtain a “2-bedroom condo in Dubai Creek Harbor”
- generate $22,000,000 in downline affiliate charges and obtain a Benz G Class G63 AMG 2022
- generate $25,000,000 in downline affiliate charges and obtain a Ferrari F8 Tributo 2022
- generate $27,000,000 in downline affiliate charges and obtain a Lamborghini Urus 2022
- generate $30,000,000 in downline affiliate charges and obtain a 10-year Dubai visa and Rolls-Royce Cullinan 2023
- generate $50,000,000 in downline affiliate charges and obtain $1,000,000
Observe that downline funding is barely counted throughout fifteen ranges of an affiliate’s unilevel crew.
Becoming a member of TafaBot
TafaBot affiliate membership prices between $100 and $1000 yearly.
The extra a TafaBot affiliate pays in charges the upper their revenue potential.
TafaBot Conclusion
TafaBot has all of the components of a traditional MLM crypto Ponzi scheme: Dubai, a crypto bro with a string of failed tasks underneath his belt and a buying and selling bot.
The fact of TafaBot is that if Samuel Ogbonnaya truly had a worthwhile buying and selling bot, he’d be feeding what he stole by SatoWallet and different crypto grifts into it.
On the regulatory entrance TafaBot’s passive funding scheme triggers each securities and commodities legal guidelines.
That’s to say, TafaBot must register with securities and commodities regulators in each jurisdiction it solicits funding in.
TafaBot fails to supply any proof it had registered with monetary regulators in any jurisdiction.
Which means at a minimal, TafaBot is committing each securities and commodities fraud.
Ogbonnaya’s detour to Skyway Capital is of explicit curiosity. I’m tempted to say Russians is perhaps behind TafaBot’s 2022 reboot.
As of Could 2023, SimilarWeb tracked high sources of visitors to TafaBot’s web site as Russia (21%), Argentina (9%), Germany (7%), Ukraine (6%) and Spain (5%).
Whether or not Ogbonnaya is is working with Russians or a full-blown puppet CEO stays unclear.
In any occasion, TafaBot is a continuation of fraud Ogbonnaya began when he bought into crypto.
Because it stands, the one verifiable income coming into TafaBot is new funding.
Utilizing new funding to pay each day returns to traders would make TafaBot a Ponzi scheme.
As with all MLM Ponzi schemes, when affiliate recruitment dries up so too will new funding.
It will starve TafaBot of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.
