In the past few months, I have encountered several people who have brought to my attention the seemingly wonderful information that my old shopping receipts may be very valuable. Strangely enough, all of them seemed far more eager to get me to join them than to relieve me of as many of these (allegedly) valuable scraps of paper as possible. Now, I like the idea of easy money as much as the next person but, alas, I developed a healthy amount of scepticism far before I received my first email from Nigeria and several things about this “business opportunity” sounded off so I did some research.
The “opportunity”
A company called Elamant apparently finds people’s old shopping receipts so valuable that it will pay actual money for them. However, in order to be eligible to be paid for the receipts you collect, you must pay them a 100 USD subscription fee every month. Now as a rule of thumb, if a job—part-time or otherwise—demands that you pay money before you start working, run for the hills.
Participants have to collect receipts which total up to at least 1000 USD every month in order to get paid. Elamant would then reward them with 200 USD, of which half would go towards the payment of the aforementioned monthly subscriptions (so they actually get 100 USD). So far the only disturbing demand is the one where part-time workers are supposed to pay the company for the privilege of working for it.
This monthly subscription fee is, however, waived if you are able to get three people to join the platform. This explains all those people who were so eager to sign me up—they were simply trying to rid themselves of the fee so that they could concentrate on collecting receipts and earn double for their efforts (apparently you can also earn more if your three recruits get three of their own). The rest of the description of the scheme sounds very familiar—it is immediately clear that recruiting people onto the program is a far more lucrative than actually collecting any receipt.
The company
Elamant and its multitude of ambassadors, who are scattered all over social media, describe the company as a “global membership, data company that specializes in point of sale (P.O.S) data collection” where said data is in the form of retail receipts. Apparently the company sells this data to manufacturers, investors, and retailers who then use it for market research. Elamant itself gets the receipt data from the network of people who, again, have to pay a hefty monthly subscription in order for them to be eligible to be compensated for their work.
The company was launched in late 2017 and operates out of Singapore under the name Elamant PTE LTD. You are free to speculate as to how a “market research” company based in Singapore can benefit from receipt data from a relative backwater like Zimbabwe. The CEO also happens to be a man named Ryan Evans who was formerly the operations director of the now-defunct Saivian, an operation which is now widely considered to have been a Ponzi scheme. If you think that Evans has since repented and Elamant is his foray into a more legitimate line of business you will be disappointed—Saivian touted a business model extremely similar to Elamant’s own.
Saivian promised members a 20% monthly cashback on their shopping purchases if they paid a 125 USD payment every 28 days. In fact, in some other countries, it appears that Elamant is simply marketed as a similar kind of rebate program. The difference is probably because the present economic situation in Zimbabwe means rebates from one’s own purchases are practically worthless when compared to the required monthly subscriptions. In effect the local version of the program was designed—or more likely, just reworded—to encourage local participants to dumpster dive for other people’s shopping receipts instead.
How it probably works
So here is how Elamant most likely operates:
The money that participants believe they are somehow earning in exchange for their old shopping receipts really comes from the “subscriptions” being paid by newer participants, particularly those who are terrible at recruiting. It is obvious that the scheme is designed to encourage aggressive recruitment over everything else—they literally make you pay money if you fail to recruit people. In fact the more people you recruit, the less necessary it becomes to collect the receipts, which in any case are just useless props used in the charade. The real money of the scheme comes from the “subscriptions”. Elamant is genius in that it actually bets on people to work overtime to recruit others instead of actually bothering to look for any receipts. If participants were to actually stop recruiting and start collecting the useless receipts instead, the scheme would come crashing around their ears. The 100 USD they supposedly pay those who are able to meet the difficult receipt targets is just a begrudging but necessary expense for keeping up the charade.
Verdict
At the end of the day, Elamant is not any kind of data company. In fact, they most likely discard the receipt information as quickly as they receive it because it is worthless to them. The self-described business model of selling the receipt data is used to hide the actual nature of the company which is that it is something between a Ponzi and a pyramid scheme. Their fake business model was just created to make them appear more like a legitimate operation that merely uses multilevel marketing.
Remember that one of the easiest ways of telling a pyramid scheme and a multilevel marketing company apart is that in the latter, selling the actual products and services is more worthwhile than just recruiting others to join. Of course, there are still many pyramid schemes out there which are specifically designed to blur this line.
Thanks for writing on this. Was also having sleepless nights from colleagues trying to fish me towards that direction.
Thanks for feedback JC. We do our best to provide useful content.
You got it right brother.
They push so hard for us to join. My brother joined and I felt entitled to investigate this Scam. I made my own research and that CEO is a serious criminal who is attending court Cases in USA with his Ponzi Fraud Schemes. They registered the company here in South Africa and claim it as USA and Singapore registered company too. The person who registered the Company in RSA is a lady called Janine who originally from UK and that shows she is using dual citizenship of South Africa and UK. She is the one who has been advertising Alamant since 2017. She is the CEO right here in South Africa because she runs the whole thing and registered under CIPC. That Ryan is the fly by night CEO without legit registration number in USA since they failed to provide registration number to me. Janine Ashington is staying and registered the company from Kwazulu Natal in South Africa. The company was registered on 13 January 2020 but it has been operating all along from 2017. They have a system that they use to make you to not see their tricky business scam because at the end you will feel guilty of not working hard by collecting enough till-slips or managed to recruit 3 people. The same Janine failed to provide me with registrations of Singapore and USA so that I can continue my research. Alamant have no mission, vision and objectives. Their company profile and definition of the business on their website is out of order with all false and confusing information. Alamant is a Scam. It is a serious Pyramid scheme. I will never join anything with money to get paid, what kind of job is that? That is crazy. Black people wake-up please.
Thanks for this wealth of information Neo.
Thank you alot with the info ,had friends on my neck because of this .it’s more likely to have been designed for the company itself to make money obviously though you also get a token of appreciation of that 100bucks ,but mainly the company is making crazy money from your efforts .
In life everything is a scam
Maybe yours
hahaha kkk yah hahaha
There are practising inonzi unclothing Peter to cloth Paul nhai henyu imi
This is not 1980, what is the use of business intelligence (BI) if we are not requesting customers to upload their own receipts? It’s actually laughable.
Indeed it’s laughable. But these scams are very well designed to keep you focussed on something big (US$200 per month after) which makes what you give (US$100 plus your receipts) look very small. They work on emotions and this is the same design. From the Spanish prisoner, to the Nigerian prince, to the lottery you won without entering that you must pay $5000 to claim your $1 million, to Triple M.
AND RECEIPTS BEING SUBMITTED ARE RTGS BOND RECEIPTS. FRAUDENTLY SUBMITTED AS USD…..SOMETHING IS WRONG HERE.
Thanks
matsotsi hagerane
thank you so much for the info colleague at work tried to recruit me into the scheme but i could not buy it .The logic lacked some how of how Zimbabwean receipts cld earn more money in foreign land.
Thanks for the details
I’m a proud member of element l joined 2019 and whatever you are saying its your own information you not wrong you are right its your own view but l hv never recruited anyone l just post my lips with a target that its wanted then month l receive my Epass simple
You don’t need another person’s opinion to dictate your direction. If it has worked for you…let them watch from the terraces. Eyes on the prize!!!
I don’t know about your country how you do it maybe to you its impossible or its a scam but l get my 3000 of which that’s the reason l joined in our country its 1500 RANDS to join then obvious no business its easy you renew twice then boom start earning without even recruiting stop lying to people let everyone have a chance to make it in life
You cant even pronounce the currency of your country. There is nothing like Rands…
This is not a competition on how or what to pronounce. So respectfully….don’t Diss what you have not tried
IN ZIMBABWE, PEOPLE ARE SUBMITTING RTGS RECEIPTS E.G 200 BOND IS WORTH 2 USD ON PARALLEL MARKET. IF ELAMANT WAS LEGIT, THEY WOULD PICK THIS UP. I AGREE WITH THE WRITER THAT THE RECEIPTS ARE DISCARDED…IF THIS WAS LEGIT , THIS COMPANY WOULD PICK UP THAT ITEMS PURCHASED DO NOT ADD UP TO 200 USD OR 1000 USD A MONTH BUT 1000 RTGS ZIMBABWE DOLLARS.
People, you just saying what you don’t know, the platform where you upload your receipts has got currencies for all the countries they cover. So you select your country currency and enter the receipt amount in your country currency. The system then converts to the US$ equivalent. In the case of Zimbabwe, the currency on the platform is RTGS at it uses the prevailing exchange rate on the day. It does not use the parallel market rate.
So please let those doing it do it
Yes!!
I think they’re concerned about the information on your receipts
Can you withdraw the money? No. You can only use it to register new members and take physical cash from them. That’s clearly fraud.
The last people who are going to join the program at the end are the best losers
In the same way, the last to join any type of business at the end are the best losers.That is the truth.Elamant is the real deal.
_*Let me explain the basics about Elamant membership*_
📌You join with R1500.
📌You start accumulating receipts.
📌You renew your membership on day 28.
📌You submit your receipts on day 30.
📌You start accumulating receipts for the next month.
📌You renew membership on day 28.
📌You submit receipts of the 2nd month on day 60. U also get paid *R1500* for the 1st month’s receipts.
📌You continue accumulating receipts for month 3.
📌You subscribe on day 28.
📌You submit month 3 receipts on day 90. You get paid *R3000* for month 2.
*Going forward u will be paid R3000, therefore u can use R1500 to subscribe and R1500 as profit. You no longer dig into your pocket to renew*
*R4500 is an investment you have to make to earn continuous R1500, for as long as you submit receipts.*
*R1500 x 12 is R18000. You get your R4500 back and make lots of profit. And this profit you will enjoy forever. The R4500 sacrifice at the beginning is worth it🙌.*
_*Bypassing subscription*_
To avoid paying any subscription on your Elamant journey, recruit 3 people under you in 8 days of u joining the business. You will earn 5 renewal points every day and these will cover your subscription.
*Money that you earn from the receipts will go straight into your pocket from the word go🙏.*
*However, you can recruit the 3 people ANYTIME. Do not put yourself under pressure to recruit. You can find your 3 at any time, and 20 days after finding them your renewal will come from the 5 renewal points earned, not from your pocket.*
Happy building
What worries people is the design is oddly similar to other programs that have turned out to be scams including WhatsApp gifting stokvels, Triple M and many more. I hope you understand that it is difficult to believe you when you are trying to recruit and therefore stand to benefit.
Some things are too good to be true…If you are offered space on a rocket ship….don’t ask which seat. Most of life’s lessons and inventions were made by people who dared.
Exactly don’t ask which seat, ask to see the rocket ship. Also, negotiate the best deal for that seat.
Nice one
I love this.So true
Interesting
Exactly. Thank you
Dude u r trash stop lying to people explain it tom me how will you lose your money if u pay 100 bucks and later get 200 bucks of which your profit is 100 if my math is correct u have already recouped your money back stop lying to people TRASH MAN
Surely this comment could’ve been made without calling others trash. It really is unnecessary. Thank you.
The moment you start failing to get new members (as they are getting clever with time) is when newer members will wake up and see that life aint that cheap especially for freshers of a pyramid scheme, mark my words, the pyramid will eventually collapse and many will cry
The sad part is they are pushing so hard for us to join.
But if there is no one left to recruit or if you fail to recruit surely you will pay more right. YOU ARE THE TRASH, Listen or if you do not want stop dragging hama dzedu mumaproblems aiunenge wazvigadzirira. Siya tishungurudzwe nebond #TRASH #TRASHMAN
Do u even know what Data mining is if u knew u wouldn’t lie to people Trash man people just hate what they don’t understand
Isint it cheaper fir any company to look at it sales records or go to supply chain and get that data. The money you earn is from subs not receipts. I have never heard of a company that gets data from elamant.
Anonymous. ..If you haven’t heard of Elamant ask those who have been there and done it. Do not speculate. The write was also speculating to get traffic to flow and to get people to talk. Others have done it and it is working for them. ..
Thanks for your comment Ananymous. i can assure you that the writer did not do this for traffic. He was simply relating what he found in his research and chose to share with others who he (correctly) thought might be experiencing the same thing from connections asking (I use the word loosely) them to join Elamant.
Umwe neumwe ngaite yagara achiita
Clearly this guy isnt informed, reseach about data mining. This is all about selling our shopping habits and spending patterns to investors, retailers, wholesalers… etc
I want to join
Email jaygawo@gmail.com
Let’s see if the seat I will offer you on this spaceship will change your perception to life.
jaygawo at g mail. When you know…you know.
I would be interested to know your experience after joining Bright.
App me on 0773751229 or call 0776293095, Elamant is real my dear don’t be discouragedl will enlighten you.
The part i am not clear with is, you are paid for receipts that you have not spent, well rather even if you spend, you are not adding to the company. Where is the income coming from that will pay subscribers from.
I have done my research too. And I think this is a scam… Anyways its okay for people to join… We learn as we go and we learn from our mistakes
Thank you Miss Jojo.
I think this is not entirely a scam. Some will reap returns if they are good at recruiting. Where it baffles one’s mind is how one makes 200usd from 1000usd receipts. Surely information on a 1000usd receipt cannot generate 200usd value. This is especially so in Zim where the 1000$ is an equivalent of 10usd. SO I DISPUTE THE DATA MINING CRAP. CANT PAY 200USD FOR MINING DATA ON A 200USD RECEIPT. To me the new recruits are paying the old recruits and Elamant….watch my words: THIS WILL END UNCEREMONIOUSLY
My sentiments as well.
Please note that when in Zimbabwe, you receipts value should be the RTGS equivalent of US$1,000 at the prevailing bank rate. When you submit your receipts you input the RSTG value then the system converts for you to the US$ equivalent
I’m glad that I’m Elamant member. Elamant is real and alive, it need team work, team building to be successfully. App me on 0777726481 Marondera team I can arrange individual and group sessions for you to understand the whole process of achievement. Thank you
where do you collect the money earned from elemant?
As for me even if Elamant fails to pay me tomorrow (impossible) I won’t regret joining. Elamant is real.
Am 17 so I didn’t afford and my parents joined for me with $99 and I have earned more than $1 000 this year.
Elamant is Unstopable
@ If you want to join get in touch at +263771962489
0719483398 to join in Harare Zimbabwe
You just confirmed my suspicions ..
Thanks for this article..
I think this is not entirely a scam. Some will reap returns if they are good at recruiting. Where it baffles one’s mind is how one makes 200$ from 1000$ receipts. Surely information on a 1000$ receipt cannot generate 200$ value. This is especially so in Zim where the 1000$ is an equivalent of 10usd. SO I DISPUTE THE DATA MINING CRAP. ELAMANT CANT AFFORD TO PAY 200USD FOR MINING DATA ON A 1000USD RECEIPT. To me the new recruits are paying the old recruits and Elamant….watch my words: THIS WILL END UNCEREMONIOUSLY
Thank you for that analysis AC. That by definition is a Ponzi scheme.
FINALLY SOMEONE SEES THE LIGHT.THIS IS THE REASON I DID NOT JOIN. ITS FRAUDULENT. THE ONLY WAY YOU MAKE MONEY IS BY RECRUITING AND USING THE JOINING FEE CASH AS YOUR BONUS.YOU PAY FOR THE NEW RECRUIT USING YOUR E- WALLET. THATS WHY THE PUSH IS TO RECRUIT .
That is wrong that you only earn if you recruit because even without recruiting, you still earn but it will be less than someone who has recruited. If you recruit 3 people, you earn $200/month. If you don’t recruit, you earn £101/month instead
ONE HUNDRE PERCENT CORRECT ANALYSIS….FRAUDULENT SCHEME. SUBMIT RTGS RECEIPTS AS USD PURCHASES. IF THE COMPANY WAS LEGIT, THEY WOULD HAVE PICED UP THAT SOMETHING DOESNT ADD UP. PEOPLE ARE JUST TRYING TO MAKE AS MUCH FROM THIS FRAUDULENT SCHEME BEFORE IT CRASHES. AND IT WILL.
I just joined last week , I have earned my 200usd bonus for recruiting my 3 members….my prayer is to benefit as much as possible before it ends
Congratulations to you anonymous. Did you earn anything for posting receipts?
elamant is not a scam its the real deal .APP me on 0773581371 and i will give you a clear path on how it works
Thank you Tinashe. Wouldn’t it be easier to just tell people here though? We’d love to know how it works and your proof.
Whether Elamant is a Ponzi, a pyramid or a scam the investment of usd99 guarantees you of returns in a short period of time. Noone has entirely lost any money by investing in Elamant. If those useless receipts are bringing in the usd100 as profit after the deduction for the subscription then let it be.
Well, Anonymous those returns are promised not guaranteed. Also, if we have to wait for people to lose money to identify a scam then we are not doing well at life. All I see are people who are pushing others to sign up under them.
Just an innocent question– please define short period of time — and where exactly do you withdraw the usd??
Tbh thats why l regret joining elament l should have made my due diligence infact l was misinformed but those sorts of recruitors Anywaes there’s no such thing like withdrawals one has to sell what ey call passes to earn And e bad thing about this passes there are not as liquid as they are said to be At most ey are sold at a discount Now ndakungoda mari yangu idzoke otherwise ma1
Selling E-passes is only one of the withdrawal options available. Other you also withdraw as Bitcoin which you then transfer to your bank account or sell. Or you apply for the Elamant Debit Card which you withdraw into then use your card anywhere
This is 100% scam . Those at the top are the ones benefiting, why not join using my receipts without paying usd100 joining fee
I just bought a car last month with elamant..scam or not ..as long as I’m not losing money …the 200 that I paid at first is now irrelevant …if it ends today …I won …if you want to join before it’s end app me 0714147738.
You are missing the point. In Ponzi schemes, a lot of early investors reap the rewards. That doesn’t mean it’s a legitimate venture. You are benefiting because you are one such early investor. Anyone who joins through you will likely lose money. It seems you are aware of this, but you are okay with it as long as you don’t personally lose money.
Ahh come on if join today after 60 you be getting money..after 2 months unenge wane 200 meaning that you got all your money back ..the following months it’s now profit and you can withdraw the money via bitcoin or sell ur passes to some who want or just convert ur bitcoin into rands or usd etc..so you are wrong if you say if you join today or next you are losing money..this is a type of mechanism to encourage teamwork And business building ..it’s like investing 200 and then after 60 days you start getting a 100 back till the closes or ……it’s real and people are making money..there is not even a single case of who join saying my money got stolen or I got scammed by elamant..and this not about selling data ..it’s selling information and buying habits ..ps information is now the most expensive thing more than Gold..Facebook is doing it ,google is doing it..etc …research again about elamant …
Again, you are missing the point. I did not say people are not making money. Of course, early depositors will make money as long as the scheme exists and the scheme will stay alive as long as it gets new depositors. I have researched on Elamant and the way they purpot to be making money doesn’t make sense at all. If only you understood how data mining works. Your argument is solely based on the fact that you have benefited from the scheme. You have no understanding of how the scheme actually generates money.
Companies like Facebook and Google that you bring into your argument make money by selling ads. They collect your data on their platforms and sell that data in anonymous form to 3rd parties who use it to target you with ads. Now tell me, when Elamant collects data on receipts, and create a profile on you, how do they target you with an advert? How do they make money from your data? Remember, the companies you have mentioned make money from ads.
It’s sad you “invest” in a “business” you have no idea how it makes money. One thing you are right on though is that should the scheme collapse, you would have made money. It’s the new “investors” that will burn.
It’s just cause in Zimbabwe 200 is like 20 000 seems like a lot but I will not really burn if I lose 200 My man …and why you saying when it ends ..who said it’s ending let’s not Speculate ..it’s like Survey junkie ..you answer a few Questions about your spending Habbits and you get paid ….ps if you don’t recruit you still make money by just uploading receipts only… bra i will build a house and you will still be saying it’s a Ponzi scam..whatever that means..
This is what you don’t get. The scheme does not make money from your receipts. The payout you are getting is from payments made by new members. You still miss my point, you can make money from a Ponzi scheme. Making money does not mean the venture is legit. You have failed to give an explanation as to how the scheme generates such returns in a short period of time.
My argument is not how much $200 means to you. Sure, it might mean nothing to you, but let’s focus on the argument. How does Elamant make such massive returns in such a short time? How do they make so much money from selling data that’s almost impossible to profile? Who is buying such data? These are the questions you should be asking. Instead of giving me irrelevant info like how you will buy a house or how little $200 means to you, just explain how Elamant is able to give the worlds best return on an investment in such short periods.
Okay it’s not legit bro…just don’t discourage people from joining saying you will lose money..cause nobody is losing money on elamant.
what you dont get is that elamant lies to you. it does pay you by selling receipt data, but by taking from new recruits and giving to those higher up in the pyramid. And yes, it does work,, until some people lose money after the market gets saturated. i hope you understand that.
Yvonnenkambule1@gmail.com
Thank you elament from a shack to a big house,,elament is a paying scam,,,shout scammmmm mina m making moola earning $180 every Sunday hala me for more info +27726937562
If the money paid out was coming straight from Elamant’s official coffers I would beam a green light but what’s actually happens is old members get paid from new members subscriptions. Picture a scenario where recruitment dries… I am quite most folks will just be left holding on to their E passes, R passes or E wallet balances which they will struggle to liquid cash.
If the money paid out was coming straight from Elamant’s official coffers I would beam a green light but what’s actually happening is old members get paid from new members subscriptions. Picture a scenario where recruitment dries off… I am quite sure most folks will just be left holding on to their E passes, R passes or E wallet balances which they will struggle to liquid cash.
If the money paid out was coming straight from Elamant’s official coffers I would beam a green light but what’s actually happening is old members get paid from new members subscriptions. Picture a scenario where recruitment dries off… I am quite sure most folks will just be left holding on to their E passes, R passes or E wallet balances which they will struggle to liquid cash.
Edited
Just to Clarify things elamant can pay you in bitcoin and you can even convert Your bitcoin into ur your bank (if you are a country like SA and other countries) …in Zimbabwe we sell passes cause other easiest way but you can withdraw..that’s how you get the USD ..for info app me 0714147738…don’t lie to people saying that you can’t get ur USD .
Where was it said that people are not getting their US Dollars?
please school me on how i can turn my credit into bitcoin i cant sell passes noone seems to be buying .
People join these schemes out of greed, ignorance and laziness to research how such ventures work. How can one be gullible enough to accept that data mining reaps such rewards? Simple research into what data mining is will raise red flags on this scheme. Each to their own I guess.
And we can not advise from someone like you..if it was that bad 100 000 + people would see it..since you are a blogger for you to be accurate on your finding join ..sacrifice 200 it’s nothing and see for your self then write something with solid proof..
How can I join Elamant without paying 100usd…..this is a lot of money, can anyone help me
Come to my inbox,lm actually being paid dakutotenga mota.zvekuti hee Ponzi scheme hameno.Old mutual haina kubira vanhu here.itai mushe
WhatsApp me +447888846637
✅
Get in touch with me on 0715605087
Anyone interested in joining elamant please app 0771949484
Now they claim to have offices in Richard’s bay Kwazulu Natal in South Africa. I know registered address of the company and is the old house in surburs where Janine stays as they claim her as a millionaire who stays in big beautiful house and I didn’t see that upon my search. I Was attending fly by night fashion college and I am now good on tracing everything scammy. Alamant is a scam and it will end in tears.
Anyone who wants to join buhnmari irikushota.Huya kuInbox…..Elamant is paying me goodiess..RBZ chaiyo zvayakabira nyika yose wani gore Riya.Elamant at least ikutombooa maUSA ini mdikutomawana.dakutotenga mota neElamant makatuzura
0712150413 inbox for more details please today tese mari yeElamant ikufaya guys
That is wrong that you only earn if you recruit because even without recruiting, you still earn but it will be less than someone who has recruited. If you recruit 3 people, you earn $200/month. If you don’t recruit, you earn £101/month instead
im also an elamant member im stuck with 200 eWallet in my account i cant find anyone who wants to buy pass how else can i convert it to tangible US dollar.i want to recover my money.
That’s the thing with Elamt & when they talk about it they make it seem as if it’s easy selling these E & R Passes..
Elamant inobhadhara, Anyone interested in joining Elamant kindly app 0719528651 i will take you step by step till you understand how it works. Elamant is paying big time.
can you App me i am interested 0779260088
is this true
tell me 0779260088 App i wanna know more
Thank you for this article. I realized that technically you need 300usd to cover your 60 day verification period. Elamant fee is 300 on the ground not the “$99 USD”. Getting paid is not guaranteed because if your receipts have errors they cancel the batch. This is really to do with selling passes. In addition, Elamant people have an abnormally aggressive approach to marketing, they are rather offensive. They insult your ‘poverty’ to make you join. Or they guilt trip you to manipulate you to join. This to me was a red flag. I cannot recruit by throwing away ethics and values. It’s subliminally tricking people to sustain my own membership.
Interesting insights Miss T and thank you for the feedback. What constitutes an error on a receipt or a batch of receipts? I do get the part about needing 300 as opposed to 100 to cover your first 3 months and that really throws the cat amongst the pigeons.
Now they claim to have offices in Richard’s bay Kwazulu Natal in South Africa. I know registered address of the company and is the old house in surburs where Janine stays as they claim her as a millionaire who stays in big beautiful house and I didn’t see that upon my search. I Was attending fly by night fashion college and I am now good on tracing everything scammy. Alamant is a scam and it will end in tears.
We can already see some in a frantic panic to sell their passes without luck while others are pressuring friends and family to join.
The big and only question people should be asking is: HOW DO I CONVERT MY PASSES INTO ACTUAL CASH (WITHOUT RECRUITING ANYONE)? HOW EASY IT?
The most worrying thing is members are now being asked to apply for paycards which they have to pay $99 to get them.Members are asked to subscribe using Bitcoin but they are not being paid using Bitcoin.
The system was down for the past 4 days, claiming that they are upgrading so that members can be paid in btc.
this comment section is on fire kkkk
Explan to me guys hw d i receive my salary after those 60days.heard some one saying company haikutumire mari mobhadharana pachenyu ipapo hanz data point wat wat…
how it probably works…..that to me is lazy journalism and basing on assumptions. go and research and come tell us exactly how it works and make your conclusions and not to waste our time feeding us with speculations.
Thanks for that point Yeaman, will certainly consider it in future. It is very hard to research from outside. Grateful to those who have come forward and shed light on the workings of Elamant.
Very true
Joined in RSA since January 2020 with the illusion of own business from the 3rd month will receive 200 dollar of which 100 goes for membership and 1oo gets paid out through bitcoin facility then it was abandoned, because of migrating to new system. Had to activate myself by paying 10 dollars. Evans then cancelled the automatic renewal member now has to pay 100 dollar out of his pocket to renew. Only way is to buy a renewal pass from the up-line person, who the receives your money in cash or by bank transfer into his account. he the releases/transfer a pass now called a token to you or member to activate your membership.
Your data-points can only be converted to renewal passes which means you the have to sell these passes by enrolling new members. Which means that you get the money Tax free into your hand/bank account, this is 100% Ponzi scheme
Up line ranking receives bigger so called consultancy dollars “paid” as an earning into their e-wallet which they use to create passes to sell to down-line members for renewals or enrollment, The higher your rank the more “dollars” you get, Manager level you get 600 dollars weekly and you have a down-line of 160 members so the manager then convert his dollars into passes and sells it for R40,000 to his down-line and on renewals which means a monthly income tax-free. Ponzi scheme. Elamant has not paid a dollar to any member since 2017. They so called company has got no bank account of it’s own no income cash-flow and is not registered to pay Vat. Ponzi scheme again.
Evans now promise a pay-card through which a member will be able to monetize his data-points what that means only he knows, but he does not give any specifications, Member must buy the card for 100 dollars. The latest is that Bitcoin payment is suddenly is on the table again as an option.
It is clear that the payment for slips will stay a dream.
I have created a 12 member down-line enrolling my family which cost me in RSA R50,000
The data-points between the 15 us amount to a R100,000 which should have been paid to them since April. Which ito the original arrangement should have been paid out monthly. Elamant do not have any money at all.
They now claim that they have 200,000 members.
Which means they have to pay 200,000 x 99 = 19,800,000 dollars monthly.
Any person with basic calculating ability must realize that this means real money. They do not have a bank account or any company financials since 2017. Really. Maybe on another planet. Definitely not on earth
Please people take note you are wasting and lost your hard earned money
this comment takes the price….thank you
Is it available l want to join
Any company benefits from the people it employees. You cant start a company for the loses to be a charity. The main objective of any Company is to make profit. And who should help you reach your target? Definitely employees.
We dont expect the worker to have it all when working for the Company. Even in the governments we work hard and yet get peanuts. So, even companies we know in Africa like in Zimbabwe, Zambia etc, make huge profits on expense of hard working Employees. I think its normal.
Why waiting your time to research for something you don’t believe in?
I have followed most of Network Marketing Companies in the work. At least each of one has enemies who have written something to tur
tarnish its image and pronounce it as a scam so that people cannot join. Thats being evil.
Why cant you make yours so that it can be ligitimate as you think everything online is a scam. Pyramid scheme if its working for other people ,let it be. Shut up.
Answer my question. From the time Elamant came into your Country Zimbabwe, how many people have been scammed so far? Do they really not benefit from the same Elamant?
My friend in Zimbabwe , elamant has changed her life. She has money and she cant complain.
We believe in different things. What you believe in isn’t what the next person seated next to you believe in. So, mind your business in things you believe in. Our destiny in life differ. May God bless Elamant people and those who believe in it and other Clubs and also other Network Marketing. Others do bitcoin and they make money.