If you thought you’d seen the last of serial scam promoters Paul Albertus and Joseph Tran, think again. These two are back, pushing yet another Ponzi scheme on unsuspecting investors.
This time, they’re promoting Glory Assurance International Limited, a so-called “insurance company” that is nothing more than a cleverly disguised scam.
As The Crypto Ponzi Scheme Avenger, my mission is to call out scammers, expose Ponzi schemes, and protect everyday investors from being fleeced by these bottom feeders. And in this exclusive, secret video release, Paul Albertus and Joseph Tran get put under the spotlight and called out for their deceptive tactics. It’s an absolute must-watch.
Who Are Paul Albertus and Joseph Tran?
Paul Albertus: The Serial Ponzi Promoter
Paul Albertus has been deeply involved in shady MLM Ponzi schemes. His track record includes promoting Trage Technologies, a scam that operated under the guise of a multi-level marketing (MLM) company but was, in reality, a pyramid scheme that relied on recruitment rather than actual products or services.
Albertus leveraged his MLM network to bring in fresh victims, ensuring that Trage Technologies survived long enough for him and other top promoters to cash out before it inevitably collapsed. Now, he’s shifted gears and is actively promoting Glory Assurance International Limited, another scheme that shows all the classic red flags of a Ponzi scam.
Joseph Tran: A Career Built on Deception
Joseph Tran also played a key role in Trage Technologies, promoting the scheme while reportedly collecting unemployment benefits. He eventually distanced himself from Trage, but instead of turning a new leaf, he’s back with yet another scam—Glory Assurance. His involvement should be a massive red flag for anyone considering putting money into this so-called insurance company.
The Truth About Glory Assurance International Limited
Glory Assurance markets itself as a Seychelles-based insurance company specializing in covering “unique risks” in the gaming industry. Sounds fancy, right? But let’s break it down and look at what’s really happening.
- The company provides zero transparency about who owns or operates it.
- There is no evidence that it actually underwrites any legitimate insurance policies.
- Its entire business model revolves around an MLM recruitment structure, meaning investors are only making money if they bring in more victims.
This is not an insurance company. It’s a Ponzi scheme that masquerades as a legitimate business to lure people in with fake promises of security and high returns.
Red Flags About Glory Assurance International Limited
1. Anonymous Ownership
If a company is truly legitimate, why hide who runs it? Glory Assurance provides zero details about its executives or leadership team. This is a major red flag.
2. No Verifiable Business Operations
Despite all the fancy marketing, there is no actual proof that Glory Assurance provides real insurance services. There are no independent audits, no regulatory filings, and no legitimate industry recognition.
3. Newly Registered Websites
Both of its domains, gloryassurance.com and hashkingdom.com, were privately registered on February 2, 2024. A newly created website for an “established” insurance company? That’s not a good look.
4. Ponzi-Style Investment Model
Glory Assurance operates a “click a button” Ponzi scheme, where investors are promised daily returns for engaging with their app. Legitimate businesses don’t pay people just to click a button.
5. Chinese Scam Ties
The source code of Glory Assurance’s websites contains Chinese text, suggesting links to Chinese scam factories that run MLM frauds out of Southeast Asia.
6. No Retailable Products or Services
There’s nothing to buy or sell. The only way to make money is by recruiting others, which is the definition of a Ponzi scheme.
7. Unsustainable Returns
The advertised investment plans promise daily returns of up to 0.5 percent, which is simply not possible without fraud.
8. Referral-Based Pyramid Scheme
Glory Assurance pays commissions on investments, not on product sales. That’s a classic pyramid scheme.
9. Dependency on Continuous Recruitment
The model only survives as long as new investors keep coming in. Once recruitment slows, the entire scheme collapses.
10. Identical to Other Failed Scams
This follows the exact same pattern as collapsed scams like RainbowEx, Gxness, and TRC Trade.
11. High Risk of Sudden Shutdown
Most “click a button” Ponzi schemes disappear overnight, leaving investors with nothing.
12. Links to Criminal Organizations
Many similar scams have been linked to organized crime networks operating out of China and Southeast Asia.
13. No Evidence of Real Trading
Despite claims of trading signals, there is no actual proof of trading activity.
14. False Roadmap and Future Promises
Glory Assurance claims they will launch an IPO and expand into the metaverse, but there is zero proof that any of this is real.
15. Guaranteed Collapse
Like all Ponzi schemes, it will collapse—leaving the majority of investors with losses.
The Verdict: Glory Assurance is a Scam
If you’re considering investing in Glory Assurance, do not fall for it. This is just another fraudulent scheme designed to steal money from unsuspecting victims. Paul Albertus and Joseph Tran are serial scammers who have a history of promoting Ponzi schemes and leaving investors in financial ruin.
Protect Yourself and Others
If you know someone considering investing in Glory Assurance, share this blog with them. The more awareness we can create, the fewer people will fall victim to this scam.
Follow The Crypto Ponzi Scheme Avenger for more hard-hitting investigations exposing fraudsters. Let’s put an end to these scams and protect innocent investors from losing their hard-earned money.
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