Yelb Brokers does not provide any information about its ownership or executives on its website. The domain for their website, “yelb.online,” was privately registered on July 30th, 2023.
It is always important to be cautious when a multi-level marketing (MLM) company does not disclose its management or ownership. It is advisable to think carefully before joining or investing any money in such a company.
Yelb Brokers does not have any tangible products or services that can be sold to customers. Its affiliates can only promote the Yelb Brokers affiliate membership itself.
The compensation plan of Yelb Brokers involves affiliates investing Zambian Kwacha with the promise of advertised returns. The returns vary depending on the amount invested, ranging from 3% to 6% per day. Yelb Brokers also offers referral commissions based on the level of recruitment.
To join Yelb Brokers, affiliate membership is free, but full participation in the income opportunity requires a minimum investment of K100.
In conclusion, Yelb Brokers is a Ponzi scheme that operates through a “click a button” app. It mimics the name and logo of the review site Yelp. The scheme relies on affiliates clicking a button, which supposedly generates revenue and is shared with the affiliates. However, this concept is nonsensical as clicking a button cannot magically generate automated returns. In reality, Yelb Brokers simply uses newly invested funds to pay earlier investors.
Yelb Brokers is part of a group of similar “click a button” app Ponzi schemes that emerged in late 2021. TheRipOFF has documented a total of eighty-two such schemes, most of which collapsed within a few weeks to a few months.
These “click a button” app Ponzis typically disappear without notice by disabling their websites and apps, causing investors to suffer losses. It is believed that a group of Chinese scammers is behind this plague of Ponzi schemes.