Is G44 Brazil a pyramid? Know everything before investing

Did you hear about G44 Brazil? A company suspected of a financial pyramid, which called itself the Corporate Holding in technological management of cryptocurrencies, mining of precious stones and gold.

G44 had a physical store, jewelry style at Shopping Taguatinga in Brasília, but its focus was on cryptocurrency investments.

If you want to know more about G44 Brasil Holding, read on for all the information. Including discovering whether or not the company is a pyramid scheme.

What is G44 Brasil?

G44 is a corporate holding company that manages companies in the technology segment in the cryptocurrency market.

G44 Brasil was created in 2017 and its objective was clear: to be a reference company in the cryptocurrency market, presenting crypto investment packages.

The headquarters of the company G44 was located on the 12th floor of one of the largest shopping malls in Brasilia, Taguatinga Shopping.

The founder of the company G44 Brasil is the businessman Saleem Ahmed Zaheer, a professional trader in the financial market, with more than 20 years of experience in investments and international finance.

Saleem is a strategist man, specializing in finance and has worked in several multinationals, in countries such as: New Zealand, Switzerland, Pakistan, Portugal, and recently in Brazil.

What are the services of the G44?

The company G44 Brasil offered several types of services, including the following:

  • Inoex: robot for Metatrader 5, which functioned as an exchange and performed technical analysis of cryptocurrencies.
  • Mining: gold and precious stones mining service in the city of Lourenço, district of Calçoene in Amapá. Precious stones were mined in mining and turned into jewels.
  • Jewelry: Vert Vivante jewelry was created in 2019, this store was responsible for the marketing and production of jewelry. The company's jewelry store had many innovative expansion plans throughout Brazil.

The CEO of G44 always said that the company worked with “technology, innovation and security” so it grew in the market. However, as we mentioned, the company used to mine precious stones and gold, but it combined with quite illegal services, such as crypto investment plans. Read on to understand how the scheme worked.

Due to the great growth of the G44, management has become a limited liability company, called G44 Brasil SA., becoming a corporate holding company and managing other companies in the same industry.

The company created Exchange INOEX, the only one in Brazil, being the one with the highest liquidity in the market, and the customer can receive by prepaid international credit card.

G44 Brasil has an irrevocable concession to operate a gold mine, which is located in the District of Lourenço, in Amapá. In addition, it acquired a mine in Campos Verdes, Goiás, a place known as the “Capital das Esmeraldas”.

How did G44 Brasil work?

The great proposal of the company G44 Brasil consisted of daily gains on the investment made, and the advertisement was of gains of up to 200% earned daily.

In 2018, the company started working in the cryptocurrency market, where the group's growth came from attracting new investors for the company. However, still in 2018, the company had to suspend its activities, as it did not have permission from the GVC to operate with financial transactions and to attract investors in Brazil.

After that, things went wrong, as the company ended up giving the blow to more than 10 investors, suspending its payments quickly.

In short, the company operated as follows: you were allowed to receive part of the company's profits and results, from the moment you made a financial contribution, thus becoming a participating partner.

To be this type of partner, you needed to register on the official website of the company G44 Brasil, so that you would have access to your backoffice account. To access the backoffice, just click on the client area, as shown in the photo below:

how the g44 works

In this G44 account, you put your investment and gained profit and profit sharing through your invested contribution, that is, the more you contributed the more you earned.

G44 on Claim Here

On the Reclame Aqui website, the company is classified as unreliable. Most complaints are about the lack of reimbursement and return of the amounts invested.

Some people report that they have received promises to get back their investments in products, that is, “precious stones”, but they report that so far they have not received anything, not even an answer regarding their complaints.

g44 brazil is reliable

Association of the company G44 Brasil with Bitcoin

To purchase Bitcoins in the G44 scheme, you should create your account at Exchange INOEX. After receiving and authenticating the account, you could carry out your transfers, being able to use your balance on your ZENCARD international prepaid credit card.

G44 Brasil Backoffice

After filling in all the data requested in the registration of the official website of the company, you were directed to the main panel of the G44 Backoffice.

There were many options on this page, such as: participation calculator, created to calculate the possible percentages to be earned in profit and result participations through the investment you made; Also access to the ZENCARD card.

Viewing the last 10 effective statements was another function, but it is worth remembering that it is possible to view the entire statement history from the beginning. Other backoffice functions:

  • Documents and vouchers
  • REGISTRATION
  • Appointment of company partners

G44 Brazil login

To register on the official website of G44 Brasil, you will need to provide some personal data such as: full name, CPF, date of birth and others.

Likewise, when you want to register someone using the referral method, you will need the following personal data of the new registrant: full name, date of birth, CPF, e-mail, telephone number and full address.

You could create a password for your referral, which can be changed by the person if they want to. But today, after the company is accused of a financial pyramid, the site is down and it is not possible to log in. However, the institutional website still exists, after all the company has mining services.

G44 Brazil fell? Is it a financial fraud?

After a certain period of activity, the company simply stopped operating and provided explanations with just an email saying that it decided to stop its activities due to operational difficulties and hacker attacks on the platform.

Given this informative e-mail, investors were worried and desperate, but the company promised to return the amounts within 90 days, which expired on February 2, 2020.

After some investors ran after the loss for not having received the chargeback, the company said it would pay the balance due to each investor in 400 days in installments.

G44 Brasil on SBT

There is a report by the SBT channel that shows that the coup was billionaire, as some investors even contributed with 1 million in the company.

In the report we saw that people from the city of Brasília even sold luxury properties and luxury cars to invest in the company, as they trusted their marketing.

It is worth remembering that of the many investors who fell in the G44 Brazil scam, more than half were residents of the company's headquarters city, Brasília.

As previously stated, the report showed the financial pyramid scheme applied by G44 Brasil. But the case had more repercussions when company president Salem Ahmed Zaheer disappeared in November 2019.

In the report, they also report that businessman Salem Ahmed could be in Dubai in the United Arab Emirates, information that was passed on to the reporting team by one of the company's partners.

Is G44 Brazil reliable?

Many investors believed that they were buying emerald contracts and not bitcoin contracts, as company G44 had an emerald mining company.

The fact that they have this mining and physical jewelry in a major shopping mall contributed to people believing in the scheme, because due to the presence of something physical, such as the jewelry store, G44 had credibility.

However, everything was nothing more than a scheme and until the present moment investors have not obtained the loss they had.

Is G44 Brazil safe?

The company's newsletter was really able to convince people, because marketing was very well developed to generate credibility for the company.

A while ago, the company anchored a gigantic investment in the mining of precious stones, with the objective of building a technological park to extract and polish the precious stones.

This mine is open to visitors and is located in Campos Verdes, Goiás. Another factor that made people trust in its credibility and potential, was the fact that G44 Brasil created its own cryptocurrency management system.

That way, you could acquire Bitcoins, store them in your virtual wallet and make transactions in a totally secure way. INOEX is the creation of a reliable G44 Brasil Exchange for you to buy and sell cryptocurrencies, where your bitcoins would be kept, but this is not a secure system.

Not satisfied with the creation of their own Exchange, or virtual wallet, the company signed an agreement with the international prepaid card Zencard of Mastercard brand. They said that they thought a lot about giving agility to the customers, so that they could easily use with the amounts deposited in cryptocurrencies in the virtual wallet.

This type of card promised to be easy to handle, promising to be easy to manage your balance in cryptocurrencies. Faced with so much speculation, some investors ended up falling into the financial pyramid coup, the company stopped paying the yields.

Is G44 a financial pyramid?

In defense of the accusations, G44 Brazil claims that they are not a financial pyramid, but the Public Ministry and the Civil Police condemned the financial economy as a crime, characterizing the G44 as a financial pyramid.

The first complaint against the company G44 Brazil, came from the investors themselves when they had their balances blocked with the company still in operation. After that, came the action of the Public Ministry and the Civil Police.

Final considerations

Today with so much information and reports that came to light after the company's payment stop to its investors, we can say that the G44 Brazil it is not a reliable company and you should not invest in it.

Look for reliable companies to invest alone in the cryptocurrency broker, master this knowledge and don't trust fraudulent companies with G44.