Agri Marine Ventures fails to provide ownership or executive information on its website.
Agri Marine Ventures’ website domain (“agrimarineventures.com”), was privately registered on January 8th, 2023.
In an attempt to appear legitimate, Agri Marine Ventures provides an incorporation certificate for “Agrimarine Harvesting Services National” on its website.
Agrimarine Harvesting Services National was purportedly incorporated in the Philippines on January 5th, 2023.
Whether the company has anything to do with Agri Marine Ventures is unclear.
Regardless, scammers are easily able to incorporate shell companies with bogus details. For the purpose of MLM due-diligence, basic incorporation in any jurisdiction is meaningless.
Still, it appears Agri Marine Ventures might indeed have ties to the Philippines. On February 28th, the Philippine SEC issued an Agri Marine Ventures securties fraud warning.
The aforementioned scheme of AGRI MARINE VENTURES vis-à-vis ART BERROYA seems to be fraudulent as it is involved in the solicitation, offering, and/or selling of unregistrable securities from the public.
The activity of AGRI MARINE VENTURES vis-à-vis ART BERROYA does not have the requisite secondary license and the said schemes can never secure the necessary license or permit for such offering and/or selling of securities to the public and that the same is in violation of Sections 8, 12 and 26 of the Securities Regulation Code (SRC).
The Philippine SEC names Art Capunitan Berroya as Agri Marine Ventures’ President and CEO. This same name appears on the Agrimarine Harvesting Services National incorporation certificate.
Art Berroya does correspond to a FaceBook profile of the same name…
…but there’s nothing on the profile except two recently uploaded photos. This suggests the profile was either wiped or purposefully created to market Agri Marine Ventures.
Berroya is purported to feature in a marketing video, uploaded to Agri Marine Ventures’ official YouTube channel on January 18th, 2023:
The video features Berroya pretending to be a farmer and appears to have been shot in the Philippines.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Agri Marine Ventures’ Products
Agri Marine Ventures has no retailable products or services.
Affiliates are only able to market Agri Marine Ventures affiliate membership itself.
Agri Marine Ventures’ Compensation Plan
Agri Marine Ventures affiliates invest funds on the promise of a passive return:
- Marine Farming 500 – invest 500 PHP and receive 1000 PHP over 30 days
- Marine Farming 1000 – invest 1000 PHP and receive 2000 PHP over 30 days
- Marine Farming 2000 – invest 2000 PHP and receive 4000 PHP over 30 days
- Marine Farming 3000 – invest 3000 PHP and receive 6000 PHP over 30 days
- Marine Farming 5000 – invest 5000 PHP and receive 10,000 PHP over 30 days
- Marine Farming 8000 – invest 8000 PHP and receive 16,000 PHP over 30 days
- Marine Farming 9000 – invest 9000 PHP and receive 18,000 PHP over 30 days
- Agri Farming 10000 – invest 10,000 PHP and receive 20,000 PHP over 30 days
- Agri Farming 20000 – invest 20,000 PHP and receive 40,000 PHP over 30 days
- Agri Farming 50000 – invest 50,000 PHP and receive 50,000 PHP over 30 days
- Agri Farming 100000 – invest 100,000 PHP and receive 100,000 PHP over 30 days
- Agri Farming 200000 – invest 200,000 PHP and receive 200,000 PHP over 30 days
Note that Agri Marine Ventures charges a 10% fee on all withdrawals.
The MLM side of Agri Marine Ventures pays on recruitment of affiliate investors.
Agri Marine Ventures pays referral commissions on invested funds via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Agri Marine Ventures caps payable unilevel team levels at ten.
Referral commissions are paid out as a percentage of funds invested across these ten levels as follows:
- level 1 (personally recruited affiliates) – 10% if invested at the Marine Farming tier, 15% if invested at the Agri Farming tier
- levels 2 to 5 – 0.5%
- levels 6 to 10 – 1%
Agri Marine Ventures appears to run a 2×2 matrix cycler in addition to its primary investment opportunity.
Positions in the cycler are awarded once an Agri Marine Ventures affiliate has
- run through one 30 day investment cycle; or
- earned 5000 PHP in level 1 referral commissions (personally recruited affiliates)
If an affiliate qualifies via investment, they are charged an additional 200 PHP for their cycler position. If an affiliate qualifies through referral commissions, the position is awarded at no additional cost.
A 2×2 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each.
Positions in the matrix are filled as other Agri Marine Ventures affiliates qualify for positions.
Once all positions in the matrix are filled, a 1800 PHP cycle commission is paid out. 200 PHP is withheld to fund another cycler position, wherein the filling process repeats itself.
Joining Agri Marine Ventures
Agri Marine Ventures affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 500 PHP investment.
Agri Marine Ventures Conclusion
Agri Marine Ventures’ marketing ruse is that external revenue is generated through farming activity.
This raises the question that, if the farming already exists, why does Agri Marine Ventures need your money for?
Not withstanding the improbability of random farming in the Philippines generating 200% a month. Surely if that were the case the farmers themselves would be bajillionaires by now?
Tying in with the Philippine SEC’s fraud warning, the answer is of course there is no external revenue. It’s all theatrics.
As it stands, the only verifiable source of revenue entering Agri Marine Ventures is new investment.
Using new investment to pay affiliates a 200% monthly ROI makes Agri Marine Ventures a Ponzi scheme. Referral commissions and the matrix cycler add an additional pyramid layer.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Agri Marine Ventures of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
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