Overdome has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to S19antminers. We’ve received over 4 complaints against Overdome.
Overdome exploits traditional scam strategies, such as generic names, influencers, and spam campaigns. “Small wins” provide victims a false sense of security, enticing them into large commitments. When large quantities are reached, withdrawals are disabled, and the operation ceases. The cycle repeats, deceiving victims and making scammers untraceable. This cautionary tale emphasizes the importance of strict laws, consumer vigilance, and collaborative efforts to identify and dissuade misleading cryptocurrency operations. Investors are asked to remain vigilant and report suspicious actions in order to protect the financial system from fraudulent schemes.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Overdome Regulated? Do They Have a License?
Overdome raises serious issues by hiding critical ownership and executive information from its website. Currently, Overdome’s website looks to be nothing more than an affiliate login button, with little insight into the company’s leadership.
Overdome’s website domain, “overdome.net,” was privately registered on November 11th, 2023, providing another degree of opacity to its operations.
Further inquiry into Overdome’s marketing activities indicates that the moniker “Kemal Altun” is being promoted as the General Director. However, the persons who control Overdome remain unknown. Notably, Mac-Elly Deslances and Alain Miheret, both designated as Overdome’s VP of Sales, are well-known names associated with the corporation through marketing initiatives.
Deslances and Miheret formerly worked as French promoters for the renowned Verse Network Ponzi scheme. Verse Network, a spinoff of the defunct Mainet Ponzi scheme, ceased operations in October 2023.
This unfolding timeline points to a possible relationship between Overdome and Verse Network, both of which are based in Dubai. However, it is unclear whether Verse Network’s owners, Joseph Paillant and Brice van den Bussche, are the masterminds of Overdome.
Adding to the intrigue, early Overdome promoters appear to be affiliated with the Verse Network, raising concerns about the continuation of questionable operations. The obscurity surrounding Overdome’s leadership, combined with its association with earlier failed initiatives, necessitates rigorous inspection by prospective investors.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Overdome is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Overdome, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Overdome
Interestingly, Overdome does not provide any retailable products or services. Affiliates are solely responsible for selling Overdome’s affiliate membership, indicating a revenue model centered on recruiting.
Overdome’s compensation plan entails affiliates spending $50 to $100,000 in Tether (USDT), with the promise of a 300% return on investment (ROI). The ROI is distributed at a rate of up to 1% per day from Monday to Friday. Overdome’s MLM model compensates affiliates for bringing in new investors.
Within Overdome’s pay structure, there are ten affiliate tiers, each with specific qualification criteria:
- Affiliate: Register as an Overdome affiliate.
- Promoter: Reach $1,000 in downline investment volume.
- Marketer: Raise $3,000 in downline investment volume.
- Distributor: Generate $25,000 in downstream investment volume.
- Associate: Reach $50,000 in downline investment volume.
- Diamond: Reach $100,000 in downline investment volume.
- Double Diamond: Reach $500,000 in downline investment volume.
- Crown Diamond: Generate $1 million in downline investment volume.
- Royal Diamond: Generate $3 million in downline investment volume.
- World Diamond: Generate $10 million in downline investment volume.
Notably, a requirement is in place to minimize over-reliance on a single recruitment leg, limiting the contribution from any one leg to 50% of the required downstream investment volume.
Overdome pays out referral commissions based on the USDT invested by personally recruited affiliates. Commission rates vary by affiliate rank, ranging from 4% for Affiliates to 15.5% for World Diamonds. The referral commissions are coded, which means that 15.5% is paid for each new investment. If the referring affiliate is not a World Diamond, they will earn their rank’s referral rate, with any excess passed on to higher-ranked affiliates.
Overdome provides a one-time Rank Achievement Bonus for affiliates who earn the Promoter rank or higher. The bonuses vary from $500 for Promoter to $500,000 for World Diamond.
Becoming an Overdome affiliate is free, but active involvement in the revenue possibility requires a minimum commitment of $50 USDT. This financial commitment enables affiliates to access the various revenue streams specified in Overdome’s incentive scheme.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Overdome Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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Overdome Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Overdome tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Overdome reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Overdome, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Overdome enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Overdome reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Overdome.
You should always look out for consumer complaints. In the case of Overdome, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Overdome? You can share your complaint in the comment section or submit an anonymous tip.
Is Overdome Legit Or Scam?
In essence, Overdome follows Verse Network’s false route, posing as cryptocurrency trading. Alarmingly, Overdome has failed to provide any evidence of cross-jurisdictional registration with financial regulators.
This absence raises major issues, implying, at the very least, possible securities fraud and illegal activity by Overdome. The absence of regulatory compliance indicates that the company is operating outside of legal constraints.
Overdome’s primary verified source of income is currently fresh investments, which raises concerns about a possible Ponzi scam. The use of new funds to meet affiliate withdrawals follows the typical pattern of such scams, laying the groundwork for an unavoidable collapse as recruitment dwindles.
Overdome is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Overdome can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Overdome?
All the evidence suggests that Overdome is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Overdome a scam?
Can I withdraw money from Overdome?
Where is Overdome Located?
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How The Overdome Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
