Mission Lantern has no web site or public presence. The corporate is promoted in secret.
The three executives behind Mission Lantern are Michael Faust, Chris Thomson and Azli Noor.
Michael Faust (proper) is a serial promoter of Ponzi schemes.
In his Mission Lantern company bio, that is lowered to
36 years in enterprise, 20 years of that working on-line.
Has developed referral networks compromising of tens of hundreds of individuals in 100+ international locations a number of instances; based, co-owned, and managed corporations, and consulted internationally.
Via his Digital Tycoons workforce, Ponzi schemes Faust has promoted embrace USI-Tech, Ormeus Global and Wenyard.
Faust additionally promoted SilverStar Dwell, a trading scam that collapsed in 2019.
Homeowners Hassan Mahmoud, Candace Ross-Mahmoud and David Mayer, have every been sued by the CFTC for SilverStar Dwell associated fraud.
Previous to the CFTC crackdown, Faust threatened BusinessForHome for suggesting SilverStar Dwell was committing securities fraud within the US.
Based on his Fb profile Faust, initially from Australia, is hiding out in Chonburi, Thailand.
There’s a couple of Chris Thomsons within the MLM business. I wasn’t in a position to pin down Mission Lantern’s Thomson particularly.
Azli Noor relies out of Malaysia. He doesn’t seem to have any MLM expertise, not less than nothing he’s prepared to share publicly.
Learn on for a full evaluate of Mission Lantern’s MLM alternative.
Mission Lantern’s Merchandise
Mission Lantern has no retailable services or products, with associates solely in a position to market Mission Lantern affiliate membership itself.
Mission Lantern’s Compensation Plan
Mission Lantern associates put money into zero.01 BTC models. That is performed on the promise of a 6.5% “month-to-month curiosity” ROI.
Mission Lantern Affiliate Ranks
There are 5 affiliate ranks inside Mission Lantern’s compensation plan.
- 1 Star – join as a Mission Lantern affiliate, make investments and recruit one affiliate
- 2 Star – recruit two associates
- three Star – recruit three associates
- four Star – recruit 4 associates
- 5 Star – recruit 5 associates
Notice to rely in direction of rank qualification, recruited associates will need to have an energetic funding.
Mission Lantern pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned immediately beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
If any stage 2 associates recruit new associates, they’re positioned on stage three and so forth and so forth down a theoretical infinite variety of ranges.
Mission Lantern caps payable unilevel workforce ranges at 5.
Referral commissions are paid out as a share of bitcoin invested throughout these 5 ranges primarily based on rank
- 1 Stars earn 5% on stage 1 (personally recruited associates)
- 2 Stars earn 5% on stage 1 and a couple of% on stage 2
- three Stars earn 5% on stage 1, 2% on stage 2 and 1% on stage three
- four Stars earn 5% on stage 1, 2% on stage 2 and 1% on ranges three and four
- 5 Stars earn 5% on stage 1, 2% on stage 2 and 1% on ranges three to five
Mission Lantern pays a 5%-25% match on returns paid to personally recruited associates.
- 1 Stars earn a 5% ROI match
- 2 Stars earn a 10% ROI match
- three Stars earn a 15% ROI match
- four Stars earn a 20% ROI match
- 5 Stars earn a 25% ROI match
There’s additionally a residual ROI Match, paid out by way of the identical five-level deep unilevel workforce used to pay residual commissions (see above).
- 2 Stars earn a ROI match on stage 1 (see above) and 10% on stage 2
- three Stars earn a ROI match on stage 1 (see above), 10% on stage 2 and 5% on stage three
- four Stars earn a ROI match on stage 1 (see above), 10% on stage 2 and 5% on ranges three and four
- 5 Stars earn a ROI match on stage 1 (see above), 10% on stage 2 and 5% on ranges three to five
Becoming a member of Mission Lantern
Mission Lantern affiliate membership is tied to an preliminary minimal zero.03 BTC funding.
Mission Lantern markets itself as
a novel, profitable and sustainable means … to place funds to work, resulting in a residual, passive month-to-month income stream, with the capability to additionally construct money reserves (wealth).
You join, make investments bitcoin and accumulate a passive 6.5% month-to-month ROI.
Somewhat than simply be trustworthy and name Mission Lantern what it’s, a passive funding alternative, Michael Faust and the gang have provide you with “debentures”.
For these unfamiliar with a Debenture, it really works equally to a Bond (an unsecured mortgage certificates), the place you apply to mortgage the Mission funds for a chosen interval and, in return, are paid month-to-month curiosity.
The Debenture curiosity funds yield 6.5% per 30 days which is a really engaging end result.
Breaking down Mission Lantern’s pseudo-compliance bullshit;
- “the challenge” = Mission Lantern
- debentures = funding contract
- mortgage = funding
- curiosity = returns
So what about these loans hey?
In easy phrases, you might be making use of to mortgage the Firm your Euro or Bitcoin (the Advance) and being paid month-to-month curiosity for the lifetime of that mortgage, after which, the Superior (mortgage) is returned to you.
For this Mission your advance is put to work for 12 months and on the finish of that 12 months the preliminary Advance loaned is returned to you, and the Debenture expires.
It’ s essential to notice Debenture is NOT an Funding or a Safety.
This is a crucial distinction when it comes to regulatory compliance.
The factor about pseudo-compliance is regulators don’t pay any consideration to it.
Mission Lantern is soliciting funding in bitcoin, on the promise of a passive 6.5% month-to-month ROI:
That’s not a mortgage, that’s an funding made on the expectation of an marketed return.
If Mission Lantern was to signify itself as an organization legally soliciting loans from shoppers as debentures, they’d have to offer express particulars as to what they’re doing with the cash.
As an alternative all you get is similar “buying and selling” Ponzi bullshit Michael Faust has been scamming folks with for years.
Whereas elevating the mandatory seed capital to fund our R&D Tasks, all obtainable liquidity can be put to work in varied monetary sectors together with buying and selling foreign exchange, cryptocurrency and commodities, the place extremely expert merchants generate earnings which can allow us to pay the curiosity on Debentures initially in addition to develop the seed capital for this Mission.
Mission Lantern is a passive funding alternative, which constitutes a securities providing.
Neither Mission Lantern, Michael Faust, Chris Thomson or Azli Noor are registered to supply securities in any jurisdiction.
Thus at a minimal, Mission Lantern is committing securities fraud.
The one cause MLM corporations commit securities fraud is as a result of they aren’t doing what they declare to be.
With respect to Mission Lantern, that’d be producing returns by means of buying and selling actions.
To additional illustrate how ridiculous Mission Lanterns enterprise mannequin is, rates of interest are at file lows worldwide.
Why on Earth would you solicit funding from the general public at 6.5% a month?
Even if you happen to pretended Mission Lantern was producing exterior income (over 6.5% a month to cowl returns and commissions), it’d make way more sense to simply apply for a ~1% annual mortgage and compound 6.5% a month to pay it off.
I imply that’s precisely what Mission Lantern recommends its traders do:
Mission Lantern is yet one more Ponzi scheme run by not less than one serial scammer. You hand over your bitcoin, returns are paid till recruitment inevitably tanks, then Michael Faust and associates do a runner.
The secrecy alone is sufficient to increase pink flags. Throw in Faust’s fraudulent previous, securities fraud and cute “debentures” pseudo-compliance, you know the way this ends.
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