A Green Lie Wrapped in Solar Buzzwords; According to the Global Financial Integrity report, illicit financial flows through investment scams siphon off billions annually—and greenwashing is the newest disguise.

QUIWOX wants you to believe it’s a cutting-edge green energy company manufacturing solar-powered EV batteries from a futuristic Australian facility. But behind the shiny façade of sustainability, AI-driven factories, and buzzword-heavy sales pitches lies a rebranded scam that once hawked forex trading signals under the very same domain.

This isn’t just a pivot. It’s a full-blown deception. And it’s designed to lure in a new wave of unsuspecting victims looking for ethical, eco-friendly investments.

From Charts to Carbon Credits: The Rebrand Exposed

Using archive.org, we’ve uncovered that as recently as October 3, 2024, the domain quiwox.com was operating as a crypto and forex trading signals platform. It promised:

  • Daily ROI through “investment packages”
  • Real-time buy/sell alerts for crypto assets
  • Automated profit withdrawals within 24 hours
  • A lucrative affiliate program encouraging user recruitment

It was a textbook Ponzi scheme dressed up as a trading education platform. The website was loaded with trading lingo, crypto prices, buzzwords, and fake testimonials. Nothing about clean energy, solar tech, or EVs.

Now suddenly, as of mid-2025, the same domain has been repurposed into a completely different scam and redirected toward Australia. The site is now pitching “solar-powered EV battery plants” and “AI-optimized smart energy systems” while offering hourly ROI payouts as high as 0.165%.

A Familiar Pattern: Just Like BEONBIT

QUIWOX isn’t the first scam to hide behind an Australian company registration. Not long ago, we exposed another platform called BEONBIT, which also used ASIC registration to fake legitimacy. They claimed to employ 300 staff, operate under a clean tech banner, and present a charismatic “CEO” named Richard Bates. But it was all a lie.

Richard Bates turned out to be a fake, AI-generated persona. The real puppet master was Ali Mashni, with help from MLM promoter Mai Summer Vue. None of the supposed officers existed. BEONBIT followed the same formula: fake team, fake product, and heavy recruitment.

QUIWOX mirrors this blueprint almost exactly: a shell company in Australia, no real leadership, and a website full of flashy language masking a Ponzi infrastructure.

The Australian Shell Game

QUIWOX claims to be based at:

Hub Anzac Square, 200 Adelaide Street, Brisbane City, QLD 4000

But this is not a factory or R&D center. It’s a virtual office address rented by dozens of companies looking to establish fake legitimacy. No floor number. No suite. No signage.

Yes, QUIWOX is registered in Australia (ACN: 688 228 104, as of June 20, 2025), but registration means nothing. Anyone can register a business with ASIC in under 15 minutes. There is:

  • No evidence of manufacturing facilities
  • No product certification
  • No Australian Financial Services Licence (AFSL)
  • No verified employees, engineers, or directors

Still a Ponzi Under the Hood

Despite the green makeover, the business model remains identical to classic MLM scams like Beurax and PGI Global—both of which promised high daily ROI, used referral-based rewards, and collapsed once recruitment slowed:

  • Multiple “investment plans” with fixed ROI (hourly/daily/monthly)
  • Referral commissions and binary team matching
  • Rank rewards split into “Income Wallet” and “Energy Wallet” (to delay withdrawals)
  • Franchise tiers requiring thousands in self-investment to unlock bonuses
  • No retail product to justify the returns

In fact, their documents show:

Invest $100,000 and receive $165 per hour in passive income. That’s $3,960 per day.

It’s pure fantasy. And dangerously misleading.

Recycled Testimonials, Fake Legitimacy

The website is filled with fake reviews supposedly from users in Spain, Pakistan, Iran, and Australia. Names like “Emily Watson” and “Luis Navarro” praise the transparency and rewards. But none of them are verifiable. No photos. No LinkedIn profiles. No proof of actual investors.

Even their Terms and Privacy Policy pages are riddled with machine-translated text, typos like “shoot updates” and “eyefuls,” and vague disclaimers that avoid naming any legal jurisdiction.

The cherry on top? The legal name used in one part of the site is “Quiwox Energy Solutions Pvt. Ltd.”—a South Asian naming convention. But their Australian company is called “Quiwox Green Energy Pty Ltd.” A clear sign this entire setup is being run from offshore.

WhatsApp Recruitment: How They Rope You In

As if it couldn’t get more suspicious, a deeper look into the so-called recruiter Ricardo Vargas reveals more inconsistencies. Despite claiming to be based in Panama and using a UK number “for business purposes,” his referral link led to a Facebook profile under the name Denise Miron (link)—a completely different identity.

Here’s what unfolded:

~Global Leader: As a leader, I can give you strong power leg support. Also, you will get an extra 2% share from your side of investment.

The Crypto Ponzi Scheme Avenger: Are you Denise Miron?

~Global Leader: I’m not in South Africa I’m from Panama and yes I’m using UK for my business purpose.

~Global Leader: He is my key leader we are promoting this project with mutual understanding with same link because we both have very big team which helps us to build Binary both sides.

The Crypto Ponzi Scheme Avenger: What’s his phone number then I wouldn’t mind chatting to him as well.

~Global Leader: Yes I’ll discuss with him and share his number with you, I can’t send his personal number to you without his permission.

So now it’s unclear if Ricardo Vargas even exists—or if the person running this scam is actually Denise Miron, or someone hiding behind both identities. This is a classic bait-and-switch scam technique, where fake leaders are used to build false credibility through fabricated networks.

The link itself (https://quiwox.com/ref/QW748744/LH) is recycled through various aliases to confuse and entrap new victims into the binary scheme structure. Don’t fall for it.

PDFWe were tipped off by one of our Avengers who sent us QUIWOX’s pitch deck and the contact of a recruiter calling himself Ricardo Vargas. He uses a UK number (+44 7877 452701) and goes by “~Global Leader” on WhatsApp.

Ricardo tried to recruit me directly into the scheme, claiming the company is fully compliant and pushing me to get involved quickly through his network

When I didn’t respond, he followed up persistently, pushing the narrative that this was a “revolutionary” opportunity and asking whether I was a “leader or investor”. Here’s a glimpse of the conversation:

~Global Leader: Would you like to join me?

The Crypto Ponzi Scheme Avenger: Do you mind if I get your name first? Daniel Charlesworth is my name

~Global Leader: Myself Ricardo Vargas

This kind of contact is how these scams grow—one WhatsApp message at a time. They prey on curiosity, exploit FOMO, and try to sound professional enough to lower your guard.

If someone is asking you to sign up to QUIWOX through a personal link or Telegram group—run.

The Final Verdict: Avoid at All Costs

QUIWOX is not a sustainable investment. It’s not a real clean tech company. It is a rebranded Ponzi scheme running the same playbook with a new mask. Whether it’s selling forex signals or solar dreams, the goal is the same: take your money and disappear.

If you’re reading this before investing—walk away. If you’re already in, stop recruiting others. And if you’ve lost money, gather your records and file complaints with ASIC and the ACCC.

This scam needs to be shut down before it evolves again. Don’t let greenwashing blind you to financial fraud.

About the Author

I’m DANNY DE HEK, a New Zealand–based YouTuber, investigative journalist, and OSINT researcher. I name and shame individuals promoting or marketing fraudulent schemes through my YOUTUBE CHANNEL. Every video I produce exposes the people behind scams, Ponzi schemes, and MLM frauds — holding them accountable in public.

My PODCAST is an extension of that work. It’s distributed across 18 major platforms — including Apple Podcasts, Spotify, Amazon Music, YouTube, and iHeartRadio — so when scammers try to hide, my content follows them everywhere. If you prefer listening to my investigations instead of watching, you’ll find them on every major podcast service.

You can BOOK ME for private consultations or SPEAKING ENGAGEMENTS, where I share first-hand experience from years of exposing large-scale fraud and helping victims recover.

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