Recyclix: Investment, ponzi scheme, scam or real business?
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At the end of 2015, I received information on attractive investment opportunities in companies Recyclix (registration for candidates with a bonus at the end of the article). In April, I was heading to the capital of Latvia , Riga , where Open Days were held . I wanted to see for myself how interesting and secure the Recyclix investment opportunity really is.
Recyclix is a company that recycles waste. In addition to its own investments, it builds its business model on partial crowdfunding, where it encourages investment. The appreciation ranges from 8% to 12% per month. This sexy investment that helps the environment (go green), but may not be in the green after a year. Although we find only positive references on the Internet (um, they have commissions from it), the reality is more complicated in my opinion.
In this article, I will try to summarize the most common questions that remain unanswered, puzzles that do not fit together completely. Investing in Recyclix can also be SCAM (scam).
Attention: Update 3/30/2017! Recyclix is currently in crisis mode and I DO NOT recommend investing. More in the article The future of Recyclix. Investors have lost all money! What now?
Open day and introductory information
Foreword by Klaus (CRM), Mark (COO) on the right, Dmitry (CEO) on the left
Recycling and waste
The problem of waste storage is serious and global. This is one of the global problems that we will have to solve. The European Union is aware of the seriousness of the problem and not only is setting limits and quotas, but has a number of programs in place to obtain grants and subsidies to tackle the waste problem.
I believe that recycling is a solution that can effectively eliminate the waste problem.
Subsidies from the European Union
The European Union offers subsidies for companies that will solve the problem of waste. These subsidies are announced for the period 2014-2020 and the EU has 41 trillion euros available . This is a large amount, even though we consider that it is a subsidy program. This only proves the seriousness of the problem and, above all, the need to solve it.
The subsidy will cover 35% of the costs, so the company must invest 65% with its own resources . And there is another condition, namely that the company must invest 100% and then the EU will pay 35% (ie retroactively) after the projects are approved.
In practice, however, it works in such a way that once a company receives a subsidy for the EU, it is often financed by the bank and then the company pays the bank out of the EU subsidy money.
Recyclix and grants
A number of investors also asked whether Recyclix had already applied for a subsidy from the European Union and whether it had received such a subsidy. The answer was yes, Recyclix is said to have already received a subsidy (more subsidies), in Latvia.
We have no more details at this time. Tracing the allocated subsidies and their current status is difficult and time-consuming.
The allocation of subsidies is often linked to the subsequent obligation of regular reports. This would strengthen Recyclix’s credibility that they do not aim to raise investors’ money and disappear, but are indeed doing a sustainable business.
Who runs Recyclix?
The main team was also introduced to us on the open days. We saw about 10 – 20 people who are involved in the running of the company. We also had the opportunity to see their names at the presentation.
The problem is a bit that if we try to google the main names from their company, then we won’t find anything. My own attempt was unsuccessful.
We have good information about Klaus Heusslein from Google. He works in the European Gay Lesbian Sport Federation and also in the Erasmus Plus Project Expert. You can follow it on social networks at:
- LinkedIn: https://www.linkedin.com/in/klaus-heusslein-36067a26
The management promised to send us the projected presentations by e-mail. So far this has not happened even after the e-mail call (apparently they are busy?). Unfortunately, I don’t have specific Recyclix names available at this time for further investigation.
The current situation suggests that these may be fictitious names of Recyclix’s management (CEO and COO) .
This raises concerns in me and other investors that the company may at any time “dissolve”, pack the money and evaporate (see the Ponzi scheme below). Although it might be an illegal act or a fraud ( scam ), trace this person is considerably more difficult and more difficult is primarily a judicial process that requires precise incriminating evidence .
Klaus Heusslein can only be a person who is supposed to add credibility to the company. After all, supporting the acceptance of gays and lesbians into society is great (perhaps as well as go green and access to ecology).
How Recyclix’s top management behaved
This is Klaus Heusslein. To his left is Mark (COO). One of the few times Mark showed up like this. Paradoxically, during the questions and answers, he sat in the front row and did not even dare to turn to the audience, let alone stand at the panel or in front of the presentation. Strange!
The Open Days program was led by German employee Klaus Heusslein (see above), who had an excellent performance and presentation.
Dmitry , CEO of Recyclix , does not say a word all the time, which seems very unusual to me. He was apologized to Klaus for being “shy”. Maybe he didn’t speak English, I don’t know… But at least a few welcome words would be appreciated. The fact that the company’s CEO did not speak at all raises only further doubts as to whether he is just a figure. Richard Branson, Elon Musk, Steve Jobs, Mark Zuckenberg, these are quite different bosses and CEOs, aren’t they?
Mark, COO Recyclix , took on the role of Dmitry and answered questions from investors. However, Mark sat in the front row and did not stand or turn in his answers. He spoke into the void, facing the projection room. He didn’t look at the interviewer or at any of the audience, the investors. This approach is very dubious. Why didn’t he answer and look him in the eye?
Are Recyclix factories real?
A banner that hangs at the top, does not fit into the frame, tied with strings. Is it real at all?
A bold question, but we’re talking about whether Recyclix runs a recycling business at all . Is it not the whole ponzi scheme (see below) that focuses on attracting as much money as possible from investors and then packing money and running away quickly.
It’s great that Recyclix dared to do Open Days and invite investors for a personal tour. We no longer only see photos on the internet that are not really hard to fake.
The tour was spiced up by the exhibition of a bag and a two-wheeled ride. Great, but that’s not supposed to be done, is it? Ajta security. In fact, I did not see a single fire extinguisher in both factories…
On the other hand, after inspecting two factories, I’m still wondering if Recyclix actually runs a recycling business and if it’s not one big scam !
Why can Recyclix factories be scam?
According to Recyclix management, 1.2 million Euros have been collected from investors so far. For this amount, you can simply rent the premises, arrange a few workers, rent a forklift and have a garbage truck built. You are hosting Open Days and a clown for investors can begin.
