Read this Review of Shao Bank to find out if you can make a real passive income return or if this is just a waste of money and time.
Is Shao Bank Legit or a scam?
Let’s find out…
Shao Bank The Company:
There is no information about who owns or runs this company, bank and platform on their own website.
Who ever is in charge, seems to be hiding.
What you seem to be dealing with is anonymous financial experts:
Their domain (shaobank.com) was privately registered using namescheap:
Created on 2022-07-17
Expires on 2032-07-17
Shao Bank Registration:
According to them…
Shao Bank is a Hong Kong subsidiary of the Chinese Global Future Enterprise Group, established in 2022.
In truth they are not even an bank.
Nor are they registered with any Securities Regulator (from Hong Kong to USA).
They are not licensed to offer the public ROI legally, anywhere in the world.
Shao Bank Investment Plans / Packages:
They have 4 Plans to choose from:
BB 1720:
$400 to $800,000 HKD promise of 0.4% daily for 3 years.
AA 3391:
$80,000 to $1,000,000 HKD promise of 0.45% daily for 3 years.
CC2379:
$8000 to $800,000 HKD promise of 0.55% daily or 1 year.
DD3267:
$40,000 to $800,000 HKD promise of 0.65% daily for 1 year.
Shao Bank Affiliate Program (MLM Compensation Plan):
They are paying people to refer others into the scheme using a Uni-Level Compensation Plan that pays to a depth of 10 Levels Deep:
Level 1- 7%
Level 2- 3%
Level 3- 2.5%
Level 4- 2%
Level 5- 1.5%
Levels 6 to 8- 1%
Levels 9 and 10- 0.5%
Conclusion:
I don’t recommend it.
Why?
Too many red flags!
Even Blake Shelton (the pastor / preacher man) from Fud Farm says he’s skeptical about it but will still promote it to his ‘flock’.
1- It’s a fake bank!
2- It’s not legal or registered anywhere
3- No proof of revenue outside MLM Comp Plan
4- Unsustainable ROI
5- Even Fud Farm guy is skeptical
Lastly…
If these Shao Bank characters could actually come up with a way to make themselves 0.65% daily off of an 800K investment, why would they need an MLM Compensation Plan?
Once Network Marketing Recruitment dries up, so will this scheme leaving the majority of passive income investors in deep losses.
This concludes my Shao Bank Review.
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