Recyclix is supposedly an industrial waste recycling operation that encourages investor activity with a high yield investment program (HYIP) and an affiliate membership scheme.
What Is Recyclix?
Recyclix is based in Eastern Europe, with offices in Warsaw, Poland. The company claims to have several recycling centers throughout Poland, Latvia, and other close by regions with a production capacity of 3,000 tons of “film waste” per month.
The founder and current CEO of the company is listed as one Dmitri Paladi.
The Recyclix website was registered to an Aleksandr Suranovas on behalf of Recyclix in February of 2015. The address listed is linked to a virtual office space provider in Poland.
Recyclix claims to sell recycled plastic granules to factories throughout the EU. However, investors can only become involved in with regards to the company is purchasing waste for Recyclix to recycle and then reaping around a daily 4% ROI on that purchase upon selling the recycled waste.
Additionally, Recyclix has an affiliate membership scheme that rewards investors for recruitment.
Recyclix's HYIP process provides opportunities for a relatively high daily ROI for investors who purchase waste for the company to process and recycle, as well as opportunities to invest in the equipment used by these recycling plants to maximize their ROI.
Al investments and payouts are paid in the Euro.
The HYIP process is rather complex, as total ROI depends on how much waste you buy for Recyclix to process, how deeply invested in the company's equipment you are, and how long you wait before requesting payout on your investment.
There are certain hoops you must jump through in this regard; for instance, you must first purchase 5,000 kg worth of waste material before you are eligible to begin investing in company equipment in return for a higher ROI, for instance.
The Recyclix affiliate program is a four-level unilevel downline system, which pays out commissions on an unlimited number of recruits up to 4 levels deep. Level 1 recruits pay a 10% commission rate, while levels 2, 3, and 4 pay out at 3%, 2%, and 1% respectively.
There's some serious issues with Recyclix and its corporate structure in that there's no proof that the CEO exists. There are no references to a “Dmitri Paladi” anywhere besides on the Recyclix website itself.
Likewise, the individual who actually has his name on the site registration, Aleksandr Suranovas, doesn't seem to exist either. That's the first red flag when it comes to this company.
Secondly, there's no evidence that this company actually owns and operates even one recycling plant anywhere in Eastern Europe.
Addresses for these plants are not divulged publicly; additionally, the only addresses that are shared are linked to virtual office space providers that are often used as fronts for disreputable businesses attempting to look legitimate.
So if the identity of those behind the wheel at Recyclix has been hidden – seemingly on purpose – and there's no proof that the company actually says what it does, what's going on here?
Where's all this money that investors are throwing into the company going towards, if not for purchasing plastic waste and having it recycled?
It's likely that this entire operation is taking investment payments from new investors, pooling that money together, and then using it to pay the ROI the company promised to older investors.
This means that the entire scheme is dependent on non-stop recruitment, since that's where the money comes from; once recruitment dies out, so will the returns for existing investors.
It's an all-too-common scam, one that's been used for decades if not longer. The only thing different here is that Recyclix is clothing themselves in the trappings of a legitimate plastic recycling outfit to throw people off the scent.
We recommend giving Recyclix a wide berth. There's nothing indicating that they are a legitimate business – and “investing” in the firm may very well turn out to be a disastrous decision in the long term.