The home page of shareenergys.com is without any information but just displays the server version being used.
This is highly irregular and suspicious especially for a platform that claims to be legitimate. Also worthy of note is that we have come across something similar in the past. A certain platform called SunPower had a similar setup before exiting with the funds of its investors.
While shareenergys.com doesn’t have a home page, it does have a login and registration page with a sign-up form.
Notice the numbers after the misspelled “whatapp”, that is the invite code. Before you can register on this platform you must input an invite code. The clearly shows the platform is geared towards recruitment. Since a referral code is being used, it would be right to conclude that those you refer will be under you, this is reminiscent of the classic pyramid scheme.
After registering on the platform, there’s this pop-up welcome.
The gist of this is that whatever you put into the “cash cow” will fetch you a 200% profit. Right off the bat the emphasis is on putting in money and getting outrageous profits, another red flag.
Moving on, we saw a button labeled “How to make money”
Clicking it took us to the Telegram channel of Share Energy, which contained critical information that provided more context to appraise the platform.
One of the initial messages in the channel gives the supposed background information of Share Energy, it reads:
Founded in 1985, Share Energy is headquartered in San Jose, California and went public on the NASDAQ in 2005. We have more than 5,000 employees and power generation facilities in 160 countries around the world, including China, Switzerland, Germany, Italy, Spain, Korea, the United States, Australia, the United Kingdom, Greece, Israel and the Philippines. Mobile power charging technology is one of the key elements of the global sustainable development goals set by the United Nations. In recent years, the technology has matured and has been put into market construction in large numbers.
The obvious question is why would a company in existence since 1985 and listed on the NASDAQ need a telegram channel while leaving its home page blank? We decided to confirm if there was any truth to what was written above. So we checked the California Secretary of State database, as all business entities in California are mandated by law to register with the secretary of state. We found no record of Share Energy.
Going back to the platform, we found more evidence that the emphasis is on recruiting people into the scheme. On the home section, there is a prompt to that reads “Invite Tasks” with the text below this reading “You still have 9 tasks to complete”
Clicking on the “Invite Task” we are taken to another section of the platform that shows increasing amounts for increasing invites.
One recurrent thing about the Share Energy platform was the lack of detailed and clear explanations. This was also seen in their “shopping hall” where devices could be “purchased” to make income.
What exactly is a “6-hole power bank” or a “3-hole mini machine”? If these indeed were real devices, why rent them out, why not an outright sale to make a profit?
At this point we must mention again that this setup looks terribly similar to SunPower, in fact Share Energy is a SunPower clone. We are not the only ones who noticed this. A review by Adeoye Adeyemi on the Share Energy app on Google playstore reads thus:
“The app is good though but be careful getting guys, Christmas and new year is on it way. I also partook in both both sunpower and bitmain and this app is a replica of both app. Be wise“
Putting it all together, Share Energy (shareenergys.com) lied about its origin, is a clone of a failed pyramid scheme and little of what is on the platform makes any sense. As Adeoye Adeyemi said, be wise and avoid this!