Since this company is a multi-level marketing business in the foreign exchange market, many are wondering Is Auvoria Prime A Scam?
Their merchandise includes trading signals and “automated returns.”
They also have apps and give forex education.
However, the question remains Is this company legit? Can you make money with Auvoria Prime.
Auvoria Prime is not your typical MLM and there are a lot of moving parts to this story, so let’s get right to it.
Is Auvoria Prime A Scam – Let’s Take A Little History Lesson
What we have here in the form of Aurora Prime is something that is NOT apparent to the gullible and inexperienced.
Auvoria Prime reminds me of the old saying: “If at first you don’t succeed, try, try (and try) again.
Let’s chart the history of how Auvoria Prime came to be.
When you look at Auvoria Prime, what you have is a multi-level marketing company (MLM) in the business of selling Forex trade strategy signals, alerts, Forex market research, and analysis.
What the admins of Auvoria Prime set out to accomplish is to become a publisher of financial news and information.
Auvoria has endeavored to set up a business model which allows them exemption from certain regulations and registrations enforced by the Securities and Exchange Commission.
But First…A Word About Forex…
Let me be perfectly clear about this review.
I endeavor to be as factual as possible and as fair and unbiased as I can.
If I’m giving my opinion I will not hesitate to say so.
Does my opinion mean a lot to the readers of this blog? To some it does, to others not so much…
Forex actually stands for Foreign Exchange Market which involves the buying of one type of currency while simultaneously selling off another.
To get some type of idea of the magnitude of Forex trading, The US stock market trades around $260 billion a day; (give or take a couple of billion)
$260 billion is a MASSIVE sum…surprisingly, it’s a fraction of what forex trades do daily.
As of the writing of this blog post in 2022, around 5.3 TRILLION dollars get traded daily in the Forex market.
5.3 Trillion is an absolutely staggering number!
Therefore, you can certainly understand why anyone or any group of entrepreneurs would endeavor to find a way to tap into a 5.3 Trillion dollar a day industry
Personally, throughout the years I’ve found understanding the Forex markets complicated and confusing, to the point of making my head hurt.
Therefore, when a company like Auvoria Prime comes around endeavoring to legally tap into these HUGE profits, it’s welcomed with open arms by tens of thousands of ordinary people who are also trying to understand and profit from Forex markets.
How Auvoria Prime Eventually Evolved
This first started as SilverStar Live, which eventually became a Forex trading bot securities fraud that rightly ended in a $75,000 CFTC fraud settlement to settle Commodity Exchange Act violations.
At this time the owners of SilverStar Live were Hassan Mahmoud and Candase Ross-Mahmoud.
Hassan and Candace Ross-Mahmoud endeavored to learn from their very costly mistakes and proceed with another improved version of SilverStar Live.
The Hassans resurrected the MLM and called it Eaconomy.
Hassan Mahmoud was running Eaconomy without Candace Ross-Mahmoud.
Hassan Mahmoud recruited the help of Sal Leto and named him Vice President of Operations.
We’ll get back to Sal Leto later…
On February 18, 2020, Eaconomy collapsed, apparently, there were serious disagreements and infighting among the top players running the business.
On February 18, 2020, VPO Sal Leto and CTO Bill Wynne, submitted their resignation to Eaconomy.
They accused the Mahmouds with a hearty list of grievances among which they claimed that the Mahmouds violated their fiduciary duties to
“Cry ‘Havoc!,’ and Let Slip The Dogs of War.”
A short time after Eaconomy’s collapse, Auvoria Prime surfaced.
The individual chosen to head up Auvoria Prime was Sal Leto, who was appointed Chief Network Officer.
Apparently, their differences were never settled and when Auvoria Prime was launched, Eaconomy filed a lawsuit in California on March 23rd, 2020.
Remember – Sal Leto was Eaconomy’s Vice President of Operations at the time.
Unfortunately, Sal Leto has his own unsavory history following him like a bad shadow.
This is not my opinion, it’s just the facts that you may or may not want to take into consideration.
Prior to his activity with Eaconomy, Leto is best known for attempting to market a Ponzi scheme called OneCoin.
Leto attempted to market this scheme right here in the United States.
The OneCoin Ponzi scheme fell flat on its face and never saw the light of day.
When that failed Leto switched to iPro Network.
iPro Network was sued recently by the Securities and Exchange Commission.
In the SEC”S lawsuit dated May 22nd, 2020 it’s alleged that iPro CEO Daniel Pacheco stole $26 million from investors.
Auvoria Prime was created in a short period of time after Eaconomy’s collapse and was spearheaded by Chief Network Officer Sal Leto.
Auvoria Prime’s launch prompted a lawsuit from Eaconomy, filed in California on March 23rd, 2020.
Throughout the history of multi-level marketing, there’s always been a problem of CEOs stealing money from unsuspecting members and either going into hiding or trying to reinvent themselves.
What usually happens is the CEOs abruptly shut down the MLM along with a laundry list presented to the people who bought into the dream as to why the MLM failed.
Eventually, these same individuals either resurrect the failed MLM or start another MLM that’s supposedly better than the previous one.
The Drama Continues…
It has been proven time and time again that sometimes within an organization you may have “unsavory characters” CREATING HAVOC AND CONFUSION FROM WITHIN.
Keep the above statement in mind as we look in more detail at how Auvoria Prime got its start.
Getting back to Aurovria Prime, here are the rest of their executives:
- Auvoria Prime’s Chief Financial Officer was Joshua Phair, who was brought on as an Eaconomy consultant in July 2019
- Eaconomy’s former Chief Technology Officer Bill Wynne is now Chief Technology Officer for Auvoria Prime.
- Rosario Lopez was Auvoria Prime’s Corporate Director. Interestingly, Rosario Lopez is not her real name. It’s Sal Leto’s wife Vanessa Leto.
To further complicate matters, Sal Leto hired Mariska van de Langenberg as Auvoria Prime’s Director of Compliance.
Mariska Van de Langenberg was involved in the Economy failure.
She also was the CEO of 5 Star Signals back in 2015.
5 Star Signals, was exposed as a pyramid scheme masquerading as an MLM trading opportunity.
5 Star Signals was
Its Always About The Money
What eventually happened to 5 Star Signals on Mariska van de Langenberg’s watch?
Not surprisingly, 5 Star Signals collapsed amidst claims of $180,000 in commissions being stolen.
Subsequently, total investor losses within 5 Star Signals remain unknown until this day.
What is fascinating is while 5 Star Signals was under investigation, Mariska van de Langenberg chose not to respond to the Netherlands Authority for the Financial Markets inquiries.
She chose to ignore the serious charges she was accused of and forged ahead anyway.
Therefore, the AMF came to the conclusion that 5 Star Signals were offering what amounted to unregistered securities’.
Amazingly, Mariska van de Langenberg argued that 5 Star Signals’ unregistered securities’ offering was compliant. and not pay the fine.
She chose to ignore government regulations, and keep doing business without paying the fine.
Remember…”No One Has Forced You To Sign Up…”
The problem with a number of MLMs is that they are created and administered by mentally diseased individuals who are addicted to money and prestige who take NO PERSONAL RESPONSIBILITY for the failure of the said MLM.
I’ve been able to come to that conclusion a long time ago.
Read this absolutely revolting quote from a Facebook post from van de Langenberg after the collapse of 5 Star Signals:
I have promoted opportunities that turned to scam in the past and have been even a topleader in a product based pyramid scheme that still goes around.
It is so easy to point a finger and play the blame game to a leader, to an upline.
BUT……no one has forced you to sign up, you all have been able to do your own due diligence, to do a sanity check on a business plan. YOU joined and you joined voluntarily for reasons that only you know.
Take that responsability (sic) yourself and admit you did a poor job or maybe even no job at all in researching an opp and owners before joining. You are very much to blame as well!Mariska van de Langenberg
However, I wanted you all to read this quote because this is EXACTLY what goes on with a number of shady multi-level marketing organizations.
These individuals walk away with tens of thousands, if not millions of dollars from the associates who trust them and then actually blame the very same associates for their own financial demise!
Basically, this is Mariska van de Langenberg’s parting message to the people who lost all of their money: “IT’S YOUR FAULT you lost your money, not mine…YOU didn’t do your due diligence.”
Are You Looking At The Red Flags Or Are You Ignoring Them?
Yeah, you have a huge bunch of red flags blaring at you.
However, each and every one of you reading this review will have to draw YOUR OWN CONCLUSIONS if Auvoria Prime is operating on the fringes of fraud and deception.
Personally, I have my own opinions and formed my own personal conclusions.
Please review some of what we covered earlier in this post:
AuvoriaPrime has been associated with individuals involved with
- Sal Leto, the creator, has been associated with, Onecoin,
$4 billion worldwide Ponzi system.
- Leto was also associated with another fraudulent business scheme called
- Unbelievably, he has been associated with ANOTHER fraudulent business scheme namely IPro Network. The SEC has concluded it is a pyramid scheme and has filed a lawsuit.
- Not Registered Appropriately – If you are offering a passive investment opportunity (which the company is) you’ll have to register yourself with the appropriate regulatory offices in the countries you are functioning in.
- As you register, you’ll give evidence of revenues and other relevant data to make certain you aren’t a Ponzi strategy.
- If a MLM won’t register with the proper authorities it’s possible they are fabricating their revenue source.
- If revenues come from “recruiting new people into the business” and not from actual retail sales of a legitimate product then it could be a Ponzi scheme.
- US Banned – You aren’t allowed to openly market “a mystery algorithm which makes Forex deals” as it is considered as marketing securities and a HUGE red flag if it’s not appropriately registered.
How To Tell If A MLM Is Using A Pyramid Strategy To Aquire Funds
Essentially, there are two methods by which a pyramid strategy happens:
- There are no items to be sold and enrollment is the sole way to earn money or there is merchandise and there are no bonuses for selling the items, leading to enrollment happening.
- A major chunk of revenues are from associates buying recurring memberships and not by customers or clients buying from retail sales.
Both of these things happen in this company. While you have a product their compensation plan is motivated towards enrollments.
This results in people most likely ignoring retail sales altogether and looking to just enroll people who are looking to earn income as an associate and not through Forex trading.
Furthermore, if you would like to be capable of enrolling people you have to purchase the Ainsein / Alexander Package which costs $267 in advance, then $199 each month.
Again, many who enroll are looking to earn money through recruiting.
Logically, this tells you that the company’s revenues are going to originate from associates and not through retail selling.
According to the Federal Trade Commission, this is considered a pyramid strategy.
The bottom line is this: If an MLM has no stand-alone retail products available to the general public and the primary source of revenue is membership fees from existing members and fees from new people coming into the business, then you have the makings of a Pyramid scheme.
Many MLM Business Models Are Similar To Ponzi Strategies
A Ponzi strategy happens when a business is fabricating its investment opportunities and sources of revenue.
With Auvoria Prime, the company asserts to provide passive investment opportunities through Forex where one invests money and gets huge repayments.
The only problem is the company isn’t officially recorded anywhere with any government agencies that regulate securities which would prove that they have an actual duplicatable formula that is able to provide a better than average return on investment (ROI).
The Forex software used for Auvoria Prime members called Ainstein, is supposedly registered and compliant in all countries outside of the US.
The other software program, Alexander, is supposedly registered and complaint for people living inside the United States.
In truth, as is with Ponzi strategies, their actual source of money is new cash flow from recruiting new people into the business – which is why enrollment is such a top priority.
The money from new cash flow is utilized to pay out people that invested earlier.
They are informed their repayments are from a trading bot that the company created, however, this cannot be proved without a doubt due to the complicated nature of Forex.
These strategies are essentially illegal worldwide and they are closely regulated in the United States along with a number of other countries.
This is why you are not permitted to market these types of businesses in the United States.
It’s assured to collapse because new cash flow is eventually going to slow down.
When this happens, there will not be enough cash flow to give to your downline.
The scheme crumbles when this occurs and the majority will lose their investments.
Why People Continue To Support Multi-Level Marketing
The thing with an MLM business is that 99% of people joining it lose money rather than making money with it.
Even with those MLMs that are not considered SCAMS, most of the people recruited to “start their own business” fail to make any money whatsoever.
This would include MLM’s which are legit and also have good merchandise or a half-decent compensation plan.
Another reason why the success percentage of making money with an MLM is bad is that MLM recruiting is hard.
For being successful with an MLM business, you’ll have to enroll like wild and have quite a few, if not a huge number of people downline.
MLM recruiting of friends and family members has caused strained relations and outright bad blood when the business isn’t the cash cow it was hyped up to be.
Do you want to really bring friends and family into any possible Ponzi / pyramid scheme wherein they will most likely lose their investment?
No, you definitely don’t want to.
The number one reason why people consistently fall for the MLM hype is the prevalence of wanting large financial returns in exchange for very little work.
In other words, people are LAZY.
With affiliate marketing, you have to roll up your sleeves and actually participate in building your own online business.
Let Someone Else Do The Work
Instead of personally doing the work that’s necessary to build their own online business, many people would rather funnel money through an MLM with hopes of getting the promised return on investment.
Having some mysterious Forex trading bot execute trades for you with the promise of above-average returns isn’t the same as actually learning how to build your very own online business.
Let’s be completely honest here:
The average person DOES NOT want to do the work necessary. They DO NOT want to wait and see the results of building up a blog or a website.
The average person DOES NOT want to go through the trial and error associated with learning how to make money through affiliate marketing.
It’s for this exact reason why MLM programs take in tens of millions of dollars annually the people at the top of the pyramid KNOW HUMAN PSYCHOLOGY!
These people studied how the average person’s mind works and which emotional buttons to push.
The people at the top of the pyramid know exactly how to separate you from your hard-earned money.
So What Are You Going To Do?
Please don’t send me nasty comments telling me how unfair I am about Auvoria Prime.
Everything I’ve shared in this review is a matter of public record. Nothing I’ve mentioned on this blog is fabricated.
As to whether Auvoria Prime is a company you should associate with – I’ll let you draw your own conclusion.
Personally, after looking at the individuals that were associated with the company, I’ll pass on this one.
However, as of 2022, Auvoria Prime has come on strong with a new marketing strategy and a revamped management team.
As for current associates of the Forex-inspired MLM, they will tell you that the system works.
The way it’s explained is this: Auvoria prime doesn’t do anything with your money.
As members, you pay for the software and personally control the software.
They will tell you that the Artificial Intelligence technology used to make money from Forex allows you to take action on your own investment.
The argument is that the Ainstein software is compliant and registered in every country outside of the United States where members are active.
The other software, Alexander, is registered and compliant for Auvoria Prime members inside of the United States.
The basic truth of the matter is this: Auvoria Prime presents to its members a passive investment opportunity in the Forex market which means the offering of securities is involved.
The fact is Auvoria Prime has endeavored to take advantage of some “gray areas” in the world of Forex and isn’t registered to offer securities in any jurisdiction.
This is the part where people get pissed off…
What You Choose To Do Is Your Business
If you as an individual are OK with this then that’s your business…What do you care what I think.
Does the past of Auvoria Prime have to equal its future? Absolutely not!
Regardless of the questionable individuals associated with the company in the past does not mean a different course can’t be charted for its future.
I’ve been “around the block” in life and I don’t like what I see with Auvoria Prime…That’s my personal opinion.
Get over it and move on…
I personally prefer affiliate marketing as my money-maker of choice because I’m in control of my entire business – no one else but ME.
That’s the conclusion I came to – what you do is up to you…