Zeotar has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to RothCard. We’ve received over 3 complaints against Zeotar.
Offering precarious cryptocurrency investments through affiliate recruitment, Zeotar employs dubious marketing strategies and lacks tangible products, in addition to having a fictitious founder and questionable founding claims. The absence of regulatory supervision and dependence on fresh investments in its operations are indicative of Ponzi scheme attributes, thereby cautioning prospective investors to exercise caution.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Zeotar Regulated? Do They Have a License?
The Illusory Founder Zeotar says that Sebastian Martinez is its founder and says that he is from New Mexico. On the other hand, studies show that Sebastian Martinez is a made-up character who only exists in Zeotar’s promotional materials.
A New Mexico shell business certificate for Zeotar LLC, which was set up in December 2023, adds to the credibility of this made-up story. Documents used in the multilevel marketing (MLM) screening process are less reliable because it is easy to set up fake companies with fake information.
A website for Zeotar, registered with the domain “zeotar.com” on November 15, 2023, makes people question whether or not the company’s past is true. Zeotar claims to have been formed in 2017, even though it has only been in business for a few months. These kinds of differences make it hard to trust the information the company gives out.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Zeotar 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 Zeotar, 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 Zeotar
Zeotar uses robodubbed AI avatars and hired people from sites like Fiverr as part of its marketing strategies. Notably, Zeotar’s marketing used to include a character named George C., but as of April 1, 2024, they have changed him with someone else. This shows that their marketing is not consistent or clear.
The only thing affiliates can do for Zeotar is promote registration, since the company doesn’t sell any goods or services. This plan makes me wonder about the company’s long-term value proposition.
Affiliates of Zeotar are encouraged to invest cryptocurrency by the promise of daily returns of 1.2% to 1.6% for 250 days, based on the investment level. Such results are based on guesswork and make people worry about where the money is coming from.
Zeotar’s multilevel marketing system has nine partner ranks. Each affiliate moves up based on how much money their team makes. This structure puts more emphasis on hiring people than on selling products or providing services, which is another sign of a sketchy investment plan.
Zeotar offers referral and residual commissions. Residual earnings depend on how well the weaker member of an affiliate’s binary team does. There are also rank achievement bonuses and regional head jobs available, but only for people who make big financial contributions and meet certain recruitment goals.
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.
Zeotar 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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Zeotar 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 Zeotar 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 Zeotar 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 Zeotar, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Zeotar enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Zeotar reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Zeotar.
You should always look out for consumer complaints. In the case of Zeotar, 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 Zeotar? You can share your complaint in the comment section or submit an anonymous tip.
Is Zeotar Legit Or Scam?
Zeotar says that the sale of EV charging devices and lithium batteries brings in money from outside sources. But there is no information that can be checked to back up these claims. Because affiliate withdrawals depend on new investments, Zeotar’s business model is similar to a Ponzi scam, in which returns to early investors are kept going by new investments.
Because Ponzi schemes can’t last, as shown by the expected drop in new investments, Zeotar’s system will eventually fall apart. It’s clear that Zeotar’s MLM plan comes with risks because most people who join would lose money if something like that happened.
Affiliates and potential investors should be very careful and do a lot of research before working with or investing in Zeotar. There are big risks because there isn’t enough transparency, stories are made up, and the compensation plan can’t last.
Zeotar 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 Zeotar 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 Zeotar?
All the evidence suggests that Zeotar 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 Zeotar a scam?
Can I withdraw money from Zeotar?
Where is Zeotar Located?
How do I get my money back from Zeotar?
How The Zeotar 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. 
