Recyclix Scam? Yes It Is In My Opinion!
My subscribers have requested that I take a look at the Recyclix money making opportunity. Is it a good idea to invest your money in waste with a company based in Poland? When it comes to investments it is very important to look for companies that offer detailed audited financial information that shows profits. Recyclix claims as an investor you can generate high and stable revenue by purchasing waste, processing it, and then selling it. This does not pass my scam smell test, but let’s take a look.
Recyclix Scam Claims
Generate high and stable revenue by purchasing waste, processing it, and then selling it.
By placing your capital in waste, you provide yourself with the best and most reliable asset because nowadays you can resell it. Secondary product that has been recycled always costs much higher than the raw material.
We are engaged in the process of refining – you get profit.
Our unique income management system combines everything that one needs to receive high and stable income: efficiency, transparency, and user-friendliness. We work so that you don’t lose a cent and earn more to contribute to the environment and your future.
Recyclix Scam Reality
Founder/ CEO: Dmitri Paladi
Address: Poligonowa 28 A, 18-400 Lomza, Polska
Their website domain was created on 2-9-2015. Recyclix claims they have been operating in the waste recycling market for many years and for this period they have succeeded in establishing trust-based and mutually beneficial relationships with hundreds of clients. They have not provided any financial information prior to 2015. I do not believe their claims.
No prospectus is provided by Recyclix for this investment. The proof that is provided that this is a legitimate business is tours of recycling plants.
When you create an account with Recyclix you gain access to the back-office where you can purchase waste and units. This is where you can invest and monitor your investments.
All users have a default waste quota of 5000 kg (1000 EUR worth). This is to make sure that all waste packages can be processed as per the current capacity of our facilities. If you wish to buy more than your initial quota, you will have to buy usufructuary rights for the equipment used to process these wastes.
Units you can purchase:
The recycling process according to them takes weeks. This is clearly not a real time indicator of how long it actually takes to recycle plastic.
If you want to sell the material after the first or the second cycle, you will have a negative account balance since the revenue share won’t be sufficient for creating a positive difference in price. Understand that you will not be able to maximize your profit rate if you only buy a lot of waste without any equipment.
CarbonLITE in California processes 300,000 lbs of plastic per day.
Most contracts allow a municipality to drop off a truckload of recyclables, namely cardboard, paper, aluminum, rigid plastics and glass, at the recycling company at no cost. In addition, it is expected that the municipality will also share in revenue earned from the sale of the recyclables after the recycling company has covered its processing costs. – Source Greenbiz.com
The National Commission for Companies and the Stock Exchange (CONSOB) in Italy asked Recyclix to provide evidence they were getting their profit from selling recycled plastic and Recyclix refused to do so. Now CONSOB has blocked Recyclix from offering their investment in Italy:
CONSOB (the National Commission for Companies and the Stock Exchange) has adopted (under the terms of Art. 99, paragraph 1, lett. d), of the CLF) a measure prohibiting the offering to the public resident in Italy made by the company Recyclix SP. Z.O.O., regarding investments of a financial nature promoted also through the website www.recyclix.com (Resolution no. 19799 of 6 December 2016). This is because the offering was made in breach of artt. 94 et seq. of Italian Legislative Decree no. 58/1998, concerning the obligation, for anyone intending to make a public offering, to send in advance to CONSOB a prospectus destined for publication. The offering had already been suspended by CONSOB for 90 days as a precautionary measure with Resolution no. 19723 of this past 14 September. The Commission reminds you that, under the terms of Art. 101, paragraph 2, of the said decree the distribution of all advertisements regarding public offerings of financial products other than community financial instruments is prohibited before a prospectus has been published.
All advertisements related to the offering must consequently be considered forbidden. – Source Consob.it
It is my opinion, Recyclix is running a Ponzi scheme. They are using waste and recycling plants that you can tour as a cover for their scam. They are using newer investor money to pay old investors. They use an arbitrary 5 week recycle time frame and the ability to cycle your investment for more profits to keep money in the Ponzi as long as possible.
Recyclix clearly merges user funds for their business activities:
Here is how this scam has been summed up:
So, in a nutshell, it has the usual range of pretend user-defined ‘options’ to give them the sense that they have control, plus the all-important ‘profit-compounding’ selector which keeps your money in the scammers pockets and, as a bonus for themselves, they even have an additional layer of security, the scammers I mean, not the users, in terms of knowing how long they’ve likely got your money for through selecting a commitment to a number of goes on the gravy-train ‘cycles’ which, clearly, is going to be incredible useful for the Ponzi calculator to be able to keep the scammers up to speed on making sure that incoming deposits are always greater than any outgoing withdrawals. – Source Bitcointalk.org
I agree with this summary.
I can play the same game Recyclix is playing too. Here is the Brooklyn Bridge. You can take a tour of it any time you want.
I am selling it. Now give me your money.
It is free to create an account. You need to invest in trash to make money.
There is a €20 registration bonus. You have to invest money to take advantage of the bonus.
All users have a default waste quota of 5000kg (1000 EUR worth). This is to make sure that all waste packages can be processed as per the current capacity of our facilities. If you wish to buy more than your initial quota, you will have to buy usufructuary rights for the equipment used to process these wastes.
Forklift Share: €1 Increase recycling quota +25 kg
Sorting Share: €10 Increase recycling quota +60 kg
Shredder Share: €25 Increase recycling quota +100 kg
Washing Share: €50 Increase recycling quota +140 kg
Granulator Share: €100 Increase recycling quota +100 kg
They offer no products for you to sell to customers. You can invest or invite others to invest.
You can make a deposit via credit cards and Bitcoin as well as wire transfer. After making the deposit, you will be able to choose in what way to make your money work for you.
Firstly, you can purchase waste for recycling. Secondly, you can buy regrind material that is produced from plastics and is used for making granules. Thirdly, you can purchase a share in equipment in order to contribute to the factory’s growth and receive benefits.
Depending on your choice and several factors like cycle duration, volume of recycled material, current climate on the recycling market, and factory growth rate, you will receive a revenue share.
You can vary your earnings by buying more waste and opting for an unfinished or full recycling cycle.
Also, you can earn by attracting new partners for Recyclix and receiving 12% every time they deposit through card, bank account, or BTC.
The minimum deposit amount is 20 EUR. The maximum one-time deposit via credit cards is capped at 500 EUR, Bitcoins and wire transfer deposits are not limited.
The minimum payout amount is 20 EUR. The maximum payout amount via Paypal is capped at 500 EUR, Bitcoins at 5,000 EUR and wire transfer at 10,000 EUR.
EARNING WITH RECYCLIX
You receive 6% from the amount of recycled material after the 1st recycling cycle that takes 3 weeks.
Then you receive 8% more from the difference in price of the material after the 2nd recycling cycle that takes 2 weeks.
Totally, you receive 14% from the amount of recycled material after the full recycling cycle that takes 5 weeks.
The number of full recycling cycles is not limited.
If you want to recycle large amounts of waste with the value from 1000 to 27,000 EUR, or 5000 to 135,000 kilos of waste, you will be provided new opportunities to generate even more profits by purchasing shares in recycling equipment.
By purchasing available shares in the recycling equipment, you will be able to boost your profit from 14% for the entire recycling cycle to 50% upon sale of the granules.
Funds spent on purchase of the production facilities are non-refundable since they give you unlimited benefits for receiving higher profits.
You can purchase 5 different equipment units at our factory.
Used for transporting waste within the factory premises. Increases the amount of waste you can purchase but doesn’t influence the revenue share.
The maximum purchase amount of forklift shares is а 20,000 EUR.
Used for sorting out the waste for its further recycling. Increases the amount of waste you can purchase and your revenue share from by 4% to 8% to 32%.
The maximum purchase amount of sorting line shares is 20,000 EUR.
Used for speeding up the grinding process of waste for its further recycling. Increases the amount of waste you can purchase and your revenue share from by 5% to 9% to 33%.
The maximum purchase amount of shredder shares is 30,000 EUR.
Used for speeding up the washing process of the material. Increases the amount of waste you can purchase and your revenue share from by 7% to 10% to 35%.
The maximum purchase amount of washing line shares is 40,000 EUR.
Used for melting and molding the final product, granules. Increases the amount of waste you can purchase and your revenue share from by 8% to 13% to 50%.
The maximum purchase amount of granulator shares is 50,000 EUR.
If you want to sell the material after the first or the second cycle, you will have a negative account balance since the revenue share won’t be sufficient for creating a positive difference in price.
For example, you buy waste for 100 EUR and then sell granules after the completion of the full cycle for 300 EUR. Your profits for the first cycle will be 6 EUR.
Your profits will depend on your revenue share and amount to at least 25% according to the rules. This way, you will receive 25% from 300 EUR or 75 EUR. Overall, you will earn 6 EUR and 75 EUR or 81 EUR after the full recycling cycle.
We recommend you to take the production process information displayed on our website seriously and purchase shares of the necessary equipment sensibly so that you can achieve the ideal ratio of raw material and equipment costs.
Understand that you will not be able to maximize your profit rate if you only buy a lot of waste without any equipment.
In order to transfer your earnings to your account balance after the completion of the full cycle, you must click on RECYCLE button and not on SELL button.
The profit amount upon selling of regrind material or granules is calculated this way through multiplying the material quantity by the revenue share. The revenue share depends on the amount of funds you have spent on equipment and varies from 25% to 50%. The material is sold at the market price on the selling day.
– Source Recyclix.com
None is provided.
After topping up your account balance via any of the payment methods available in the Member’s area, you will be able to refund this deposit within 48 hours by contacting the support services of the Service Provider or writing a message at email@example.com. If necessary, you will need to provide the Service Provider with additional data for refund. Therewith, you accept that the refund amount will be fewer than the deposit amount by the amount which is necessary for processing payments. More detailed information on the commission fee may be received in writing upon individual inquiry. The deposit will be refunded within 5 days.
All sales of unit shares are final and non-refundable.
– Source recyclix.com
Recyclix Scam Conclusion
It is my opinion, Recyclix is running a Ponzi scheme. They are using newer investor money to pay old investors. They use an arbitrary 5 week recycle time frame and the ability to cycle your investment for more profits to keep money in the Ponzi as long as possible. No prospectus is provided by Recyclix for this investment. The proof that is provided that this is a legitimate business is tours of recycling plants. The National Commission for Companies and the Stock Exchange (CONSOB) has blocked Recyclix from offering their investment in Italy. I would avoid the Recyclix money making opportunity.