On its website, Lucent Trader gives no credible information about who owns the company or who runs it.
Chairman James Brent Craig is said to be in charge of Lucent Trader;
James Brent Craig is the Chairman and Executive Director of Lucent Trader. He has worked in the financial industry for more than 16 years as a commodity analyst and forex trader.
Since 2005, he has been trading. During that time, he has come up with a strategy that works and has been able to teach it to other successful traders with good results.
James has a family and lives in Miami, Florida, USA. He loves to travel and meet new people.
Craig doesn’t exist outside of Lucent Trader’s advertising, which is not a big surprise. This makes him a good choice for Boris as CEO.
I think that whoever is really behind Lucent Trader took the name of a real James Brent Craig without permission.
Craig is a real person who lives in Florida and is signed up with FINRA. The fake biography of Craig on Lucent Trade seems to be loosely based on the real Craig’s FINRA record.
The man on Lucent Trader’s website looks like he is from either the Middle East or India. The Florida public records show that the real James Brent Craig is “white, not Hispanic.”
No matter where Craig is from, the man who represents him on the Lucent Trader website is not “white or Hispanic.”
This isn’t the first time con artists have used the name of a FINRA-registered broker without permission.
The domain name for Lucent Trader’s website, “lucentrader.com,” was registered for the first time in March 2021. The last change to the private registration was made on March 14, 2022.
Lucent Trader says it was founded in 2014, even though it has been around for no more than a year.
Lucent Trader’s website lists a business address in the UK so that it looks like a real company. This doesn’t mean anything in terms of MLM due diligence.
If an MLM company isn’t clear about who owns or runs it, you should always think twice before joining or giving them any money.
Products from Lucent Traders
Lucent Trader has no products or services that can be sold.
Affiliates can only sell memberships in the Lucent Trader affiliate program.
Compensation Plan for Traders at Lucent
Affiliates of Lucent Trader put money in with the promise of advertised returns:
Cradle Incorporation: Invest $300 million to $50 million and get 1% back every day for 3 years.
CBD: Invest between $5,000 and $5,000,000 and get 4.25 percent back every week for 52 weeks.
Cryptocurrency mining: put $5000 to $5,000,000 down and get 7% back every week for 52 weeks.
Forex Fund: You can invest between $10,000 and $5,000,000 and get 7.5% back every week for 52 weeks.
Cryptocurrency trading: invest $20,000 to $20,000,000 and get 8.75% a week for 52 weeks.
Real estate program: invest between $50,000 and $50,000,000 and get 10% back every week for 52 weeks.
Oil and Gas Partnership: Invest between $50,000 and $50,000,000 and get 20% back every week for 52 weeks.
Note that some of the investment plans that Lucent Trader gives you are the same.
Also, keep in mind that every withdrawal from Lucent Trader costs 10%.
Lucent Trader pays referral commissions via a unilevel compensation structure.
With a unilevel compensation structure, an affiliate is at the top of a unilevel team, and every other affiliate they recruit is right under them (level 1):
If an affiliate on level 1 brings in new affiliates, those new affiliates join the original affiliate’s unilevel team on level 2.
If any level 2 affiliates bring in new affiliates, they move to level 3, and so on until there are no more levels to go down.
Lucent Trader caps payable unilevel team levels at ten.
Referral commissions are given out as a percentage of the money at each of these ten levels:
10% for level 1 (affiliates you recruited yourself)
levels 2 to 10 are a secret
Joining Lucent Trader seems to be free. You can become an affiliate of Lucent Trader.
To fully take part in the attached income opportunity, you must invest at least $300.
The End of Lucent Trader
Lucent Trader says that it makes money from outside sources through a “proprietary trading strategy.”
No proof is given that trading income was used to pay affiliate withdrawals.
Also, the way Lucent Trader makes money doesn’t pass the “Ponzi logic test.”
If the company already had a way to trade that made 20% a week, they would invest their own money and soon be among the richest people on the planet when they retired.
They don’t need your money at all. They wouldn’t let you in for free either.
The business model for Lucent Trader doesn’t make sense because, like the company’s made-up Chairman, the trading strategy doesn’t exist.
The new investment volume is the only source of income that can be checked when it comes to Lucent Trader.
Lucent Trader is a Ponzi scheme because it uses new money to pay affiliates who want to get their money back.
As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops.
This will stop Lucent Trader from getting money from ROI, which will eventually cause it to fail.
The math behind Ponzi schemes makes it clear that most people will lose money when they fail.