Neo mining and technologies have been attracting much attention over the past couple of weeks, and it is not hard to see why.
Their adverts are literally everywhere; people are talking about the left, right, and center, especially on social media, blogs, and forums.
I believe you have come across an advert trying to promote Neo mining and technologies.
You are interested but would like to know more about the platform before making a decision.
If that is the case, I am glad to inform you that you are in the right place.
It might interest you to know that I am not in any way affiliated with Neo mining and technologies. I also have no reason to promote their business.
I have done my research judiciously, and whatever you see here is the truth. It is intended to guide you toward making an informed decision.
This review will guide you to the truth.
Is Neo mining and technologies a scam? Is it legit?
Let’s find out.
What is Neo Mining and Technologies?
Taking a critical look at Neo Mining and Technologies’ official website, you will discover that not much was disclosed, especially as regards its ownership and legality.
A typical case of a pyramid scheme is Cryptoworld network, etc.
For a business to be credible, it has to divulge such vital information to its investors. No one will feel safe doing business with a faceless organization.
Its official website looks more like a page or portal where members can log into the platform and nothing more.
The domain “neominetech(.com)” was registered to a certain Jesus Osuna on the 23rd of September 2017, with an address linked to a location in California, USA.
After inquiries, I discovered that videos created to market the platform recognized Jesus Osuna as the company’s CEO.
Here is the fascinating side to these: if Jesus Osuna is the company’s CEO, why is his name not written on the website?
Let’s learn more about Osuna and his relationship with Neo Mining and Technologies.
Osuna started promoting/advertising the platform in the second quarter of 2017.
Within this time frame, he started talking about cryptocurrencies on his personal social media channels.
Osuna was the co-founder of Uvodi back in 2015. Uvodi is a kind of fitness organization that operates with an MLM feature.
Although the website still exists to date, its revenue seems to have massively depreciated from what it used to be in 2015.
A certain Jesus Osuna from California was mentioned as a beneficiary in the $1.4 million TelexFree Ponzi scheme.
However, it has not been confirmed to be the same Jesus Osuna who is promoting Neo Mining and Technologies.
What Products Are Offered?
Talking about products on offer, Neo Mining and Technologies offer none!
There are no goods or services on offer for retail, so there can be no trade activities for income generation.
Neo-mining affiliates have only the membership fees to offer and nothing else.
From experience, this has MLM all over it and should be cautiously approached.
Let’s look at its compensation plan below.
Neo Mining and Technologies Compensation Plan
Here is how it works.
Members are to buy Ethereum mining contracts. These contracts offer passive ROI for a period of 2 years.
Neo mining and technologies offer three mining contract packages as follows.
- $350 for a 14 MH/s mining contract
- $1750 for a 70 MH/s mining contract
- $3500 for a 140 MH/s mining contract
Neo mining offers incentives in the form of referral commissions to its members through a Unilevel and binary system.
And like every other platform with this feature, the aim is to encourage members to recruit others and have them buy mining contracts as well.
How Do I Join?
To become an active member, you must sign up and purchase a mining contract.
The contracts cost $350, $1750, and $3500 respectively.
Buying a more expensive contract will yield more returns, as illustrated in their compensation plan.
Is Neo Mining and Technologies a Scam?
There exist a lot of scam sites on the internet today.
Analyzing a site is one thing, and coming to a conclusion is another.
Neo Mining and Technologies might be a scam or a legitimate platform.
To help you make the right decision, here are key areas you should take into cognizance:
- It offers no tangible products
- The true identity of the CEO is unknown
- There is no guarantee that Neo Mining and Technologies will last long enough for its members to make a profit.
- There is no refund policy
- It is not a registered company
- It has a multi-level marketing feature
Neo Mining and Technologies might not be a total scam. Hence, the reason why you have to pay attention to what I am about to tell you.
My Thoughts on Neo Mining and Technologies
The contracts at Neo Mining and Technologies look really amazing at first, especially to newbies.
But there is a problem here – the platform cannot operate as a legitimate business, and here is why.
Anyone looking to purchase mining contracts must become an affiliate for their income opportunity.
Taking a closer look, generally, it seems to be more interested in advertising its investment opportunity than in mining Ethereum.
Here is the reason for my supposition:
In a recent marketing video, the following can be heard:
“Do remember that you will get back the amount you paid for your service. Within two years, you will definitely, you will definitely make way more than $350, okay?”
However, if you rewind the video, you will hear the following:
“Do keep one thing in mind: this is not a company where you invest, as in like you will consider (it) an investment.
We sell services. If you’re part of Neo Mining and Technologies, please do not promote this as an investment company.”
You will notice that I underlined a particular sentence if you pay attention.
The message in the sentence is telling members not to promote the company as an investment platform, which sounds fraudulent because it is in the compensation plan.
Members are to buy mining contracts and receive a particular ROI as profit within a period of 2 years.
In case you don’t know, ROI means (Return on investment).
Neo Mining and Technologies don’t want to be promoted as an investment company.
Any company that operates as an investment company in the United States must be registered with the SEC.
Or else its operations will be considered illegal.
Neo Mining and Technologies is not registered with the SEC and operates illegally.
That said, in an event where they encounter difficulties and decide to elope with people’s money. Members can take no legal action against them.
Despite the platform not being registered, Jesus Osuna has relentlessly claimed that the organization is traceable and transparent.
These are all lies; nothing good can be built on false claims.
My Advice Is:
Feel free to invest only if your guts approve of it, but invest with what you can afford to lose.
If you want to learn Cryptocurrency trading, I suggest you sign up at Afibie Crypto Learning School to learn how to trade profitably.
You can also join our Telegram channel, where we hold live classes and give out signals.
To start up, create an account with the following exchanges:
The company stop payments on the mining packages the NXV since May 21st. No response from support department.
Hey Bro What are you not update Your Reviews? We still here and stronger everyday. Because we are Real, we have high-tech TANGIBLE Products like SWHICT OUR EXCLUSIVE MINI AND POWERFULL PROJETOR WITH ANDROID SYSTEM AND CAPABLE OF MINING. WE HACE CYPHER , TRINITY AND MUCH MORE. WE MINING ETH,ZEC,LTC,AND COMING UP MORE. YOU HAVE NOT IDEA OF THIS COMPANY YOU’RE WEBSITE IS JUST TO GET EVERYONE AWAY FROM ANY OTHER BUSINESS FOR YOU TO RECRUITE FOR YOU’RE SELF. IM ENCOURAGED YOU TO SAY THE TRUE.
By the way . They are register as a Crypto mining services It is on The website of California that you shownon the review.
Sure I Have proof. But soon you guys will find out how legit is Neo and if you guys live in USA you will be proud. Of this company born here in USA. Go check the Neo website go visit tge coorporate. Check the mining Farms videos on Facebook , check the farms control office on Facebook page. Check the New Technology products, like the Smart Card with Coinbase as partners, The Neo Projector (Switch ) with Androing system build ,Wi-Fi ,Bluetooth, connect to smartphones, download Facebook, Nexflit and many other futures, The Morpheus coming on September, New ICO , and many many more service Neo has to offers .
90% of this article is incorrect and that is being generous! Please actually do proper reseach before writting your FUD.
Will you mind pointing out the incorrect areas?.
Good write up. Definitely a scam.
Soon We will post a picture of You and me and Maybe with Jesus Osuna when You will retract from all this comments. Neo Is Here to stay. I will probe you wrong. God Bless.
Do not worry Carlos, he has replied to me vis Facebook. It will be ok. Unlike behind mlm this blog has a name atached to it.
Well said @Carlos Melendez.
You said and I quote: “Call the office and meet Jesus Osuna in person. So you can ask all questions and show you that everything is legal”
My question is, why are Jesus Osuna’s contact details not present in the website, as a matter of fact, the name “Jesus Osuna” cannot be traced to the website at all.
Never mind, I have taken the liberty of going into further research on your following claims: “That they are register in State of California. That they has parner with NVIDIA, Intel,Asus,Coinbaseand others.
They have real service and tangible product. That going to blow peoples mind. I saw it with my own eyes”
And yes, they seem to be registered in California. But when i punched the name “neo mining” in the California secretary of state’s website I found out that, in their incorporation document they are only authorised to offer shares, the document says nothing about providing mining contract securities.
securities are regulated in California at the state level by the California Department of Business Oversight.
As far as I can tell Neo Mining & Technologies are not registered in any capacity with the Californian DBO to offer securities in California.
In summary, Neo Mining & Technologies California incorporation is meaningless from a securities regulation perspective.
Why is being registered to offer securities in California and the US important?
It requires Neo Mining & Technologies to file explicit proof of external ROI revenue generation.
Saying your generating ROI revenue to pay affiliates with via ethereum mining is all very well, but due-diligence by any responsible investor would require full disclosure of mining taking place and generating revenue, which is then used to pay affiliates with.
SEC registration would require Neo Mining & Technologies to disclose that information to the general public.
This is critical not only for basic due-diligence of any passive investment opportunity, but also to certify Neo Mining & Technologies are not recycling newly invested funds to pay off existing investors on any level.
Why has neo mining not registered with SEC?
The answer is simple, Neo mining has no proof that mining activities are actually taking place.
And until Neo mining is registered with the SEC their ethereum mining claims are considered false. The only source of revenue here is new members investment.
Anyone can register a business in California, but it isn’t ethical to register your business as a bicycle shop or glocery store while your true activities involve providing mining securities and investment opportunities (That is a clear example of what Neo mining is doing).
No credible company can be built on lies and false claims.
Finally, I will like to ask you a question.
What is your affiliate rank in Neo mining’s pyramid scheme? @Carlos Melendez
Hello, “friendly request” to remove the didamation of Neo Mining & Technologies.
I am the owner founder of Neo and will take legal action immediately.
It’s unfortunate that I have to post this here, but this company keeps ignoring my emails. I signed up for the $350 package using credit card and then upgraded my package using crypto currency for an additional $3150. They lost my money for weeks. Nobody could locate my crypto currency. I spoke with Jesus through Facebook messenger and he agreed to take care of it. I told him I had no faith at that point and he was pleasant. Within a couple days though my account was shut down and I have reached out to technical support and Jesus dozens of times and don’t get any responses. All I want is a refund of what I paid his company. Had the value of the crypto currency gone up while he held it I suspect he’d be happy to give a refund. The fact it went down while he held it is unfortunate but I still need my money back. Communication is all I’ve ever asked for.
This review is totaly wrong. Why you dont do what i did. Call the office and meet Jesus Osuna in person. So you can ask all questions and show you that everything is legal. That they are register in State of California. That they has parner with NVIDIA, Intel,Asus,Coinbaseand others.
They have real service and tangible product. That going to blow peoples mind. I saw it with my own eyes. Everything will know on the first event of company were the parners(NVIDIA ,Coinbase,Intel wilm be there. They offer no ROI they offer a mining service and the earning base on the value of the cripto wich change everyday. People can see in Etherume calculator how much aproximatly the can make with the Velocity of mining the pick. And they have a money back warranty of 30 days . My sugestion is that you Have to Do the right jon and If you going to review something do the apropiate way.
Hello Carlos.
Can you provide proof of your claims?
Thanks for the review. I believe it’s a scam too. Hopefully others are smart enough to discern this scam.