Seletti AI Review: Revealed as Forex Trading Ruse 2023
Seletti AI lacks transparency, offering no details about ownership or executives on its website.
The domain for Seletti AI’s website, “seletti.ai,” was privately registered on October 19, 2023.
In official its marketing videos found in the website backoffice, the CEO is portrayed as “Lenny” (pictured on the right).
Identified as Seletti AI’s “Relations Manager,” an individual named “Tarek” is introduced.
Both Lenny and Tarek speak with North American accents.
Further investigation reveals that Seletti”Lenny” is Leonard J. Giaquinto.
According to the provided screenshot, Giaquinto works as a furniture salesman at Kozy Furniture.
Press releases state that in early 2021, Giaquinto was named the “Chairman of the Board of Directors” at Kozy Furniture.
Information from social media profiles indicates that Giaquinto is located in Virginia, USA.
It’s crucial to exercise caution when considering involvement or financial transactions with an MLM company that isn’t transparent about its leadership or ownership.
Products
It lacks tangible products or services for affiliates to promote; they can only market the Seletti AI affiliate membership.
Compensation Plan
Its partners invest in tether (USDT) with the expectation of passive daily returns:
- Seletti Growth Fund VII – Invest 50 USDT or more for a daily return of 0.5%.
- Opportunistic Credit Fund – Invest 250 USDT or more for a daily return of 0.7%.
Additionally, It provides referral commissions on invested USDT through three recruitment levels (unilevel).
- level 1 (personally recruited affiliates) – 10%
- level 2 – 5%
- level 3 – 1%
Joining Seletti AI
It offers free affiliate membership.
To fully engage in the income opportunity, a minimum investment of 50 USDT is required.
What are the risks associated with Seletti AI?
It carries multiple risks despite its pitch as a safeguard against market issues like inflation and insider trading. Doubts about its legitimacy arise, labeling it a potential forex trading scam, MLM, or crypto Ponzi scheme. While touted as a lucrative trading and investment tool, it’s crucial to approach Seletti cautiously. Conduct thorough research before considering it, as with any investment opportunity.
What are the reviews of Seletti AI from previous users?
Negative feedback surrounds Seletti AI, with users expressing skepticism and raising red flags about its legitimacy. YouTube reviews and various websites cast doubt, labeling it a potential scam or an unlicensed, shady investment platform. Caution is advised, urging thorough research before considering Seletti AI or similar investment opportunities.
Background
There is no information about who owns or runs this cryptocurrency investment platform.
According to them…
When users invest in Seletti A.i, they acquire a stake in one or more of our funds. Seletti A.i’s real estate fund invests in a diversified portfolio of private real estate assets that is acquired, identified, and managed on the user’s behalf.
Additionally, It offers alternative investment opportunities like the Innovation Fund, which focuses on high-growth late-stage tech companies.
Sadly there is no proof of any of this.
What you seem to be dealing with is a case of ‘anonymous’ experts:
Conclusion
Seletti AI presents itself as an “online investment platform,” with its primary income source being automated forex trading.
The Seletti PAMM Account, an automated forex trading system, operates under the Seletti A.i.
Constantly analyzing financial data, including historical price movements, market news, and technical indicators, Seletti A.i. makes data-driven predictions for future market trends and trading opportunities.
Notably, there’s no concrete evidence supporting Seletti AI’s claim as an AI trading bot.
However, according to the Howey Test, Seletti AI’s passive returns investment plan falls under securities offering.
A check on the SEC’s Edgar database shows neither Seletti AI nor Leonard Giaquinto is registered to offer securities in the US.
For legitimacy, forex trading entities like Seletti AI must register with the CFTC. Surprisingly, a search on the NFA’s registered firm database indicates no registration.
This implies that, at the very least, Seletti AI and Giaquinto are engaged in securities and commodities fraud, both illegal activities in the US.
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