MX Revshare Evaluation: Three-tier adcredit Ponzi scheme
The MX Revshare internet site determines James Lee Valentine as Founder of the company.
Valentine likewise possesses the MX Revshare site domain, which was registered on the 25th of September, 2015.
The MX Revshare domain registration gives an address in Tortola in the British Virgin Islands, however Valentine himself is based out of the Philippines.
james-lee-valentineJames Lee Valentine (ideal) very first appeared on BehindMLM's radar in 2012 with Supreme Wealth Alliance, a $55 chain-recruitment pyramid scheme.
In 2013 Valentine resurfaced with MX Fast Money, a feeder for Valentine's primary MillionaireX Ponzi cycler.
MX Revshare shows up to be the latest access in Valentine's long line of released frauds.
Read on for a complete review of the MX Revshare MLM opportunity.
The MX Revshare Product Line
MX Revshare has no retailable service or products, with associates only able to market MX Revshare affiliate subscription itself.
Once subscribed, MX Revshare affiliates purchase "Advertisement Packs" to join the attached earnings chance.
Bundled with each Advertisement Pack financial investment are a series of advertising and marketing credits, which could be used to show marketing on the MX Revshare site.
The MX Revshare Compensation Plan
MX Revshare associates spend $5 to $50 on the assurance of an advertised 110% ROI ($ 55).
spend $5 and also get $5.50 (covered at $550).
invest $25 as well as get $27.50 (topped at $13,750).
invest $50 and also get $55.
Note that cap quantities are the optimum ROI an MX Revshare associate can earn at that specific financial investment level.
Note that MX Revshare associates have to click 10 company-supplied ads a day to certify for a ROI payout.
Reference Commissions.
Reference commissions on funds invested by brand-new MX Revshare affiliates are paid down three degrees of recruitment (unilevel):.
level 1 (personally recruited associates)-- 10%.
degrees 2 and also 3-- 5%.
Recommendation commissions are additionally paid out on necessary reinvestment, at a rate of 5% on level 1 and 2.5% on degrees 2 and also 3.
Signing up with MX Revshare.
Affiliate subscription with MX Revshare is free.
Recruitment of associates that spend or a personal financial investment of at the very least $5 is nonetheless called for in order to make MLM compensations.
Verdict.
Making use of the adcredit Ponzi version, MX Revshare mixes freshly invested funds to repay existing financiers.
MX Revshare affiliates spend $5 to $50 a pop on the pledge of a 110% ROI. That this ROI is paid out of ultimately invested funds makes excuses regarding connected advertising credit ratings and also an absence of ROI assurance as pseudo-compliance.
Despite the obviously illegal nature of the business James Lee Valentine urges he's not devoting economic fraudulence.
Is MXRev$ hare a hyip, ponzi, pyramid plan, or prohibited?
RESPONSE: No, this is not an investment site neither is it illegal whatsoever, form, or form. We offer ad companies.
The reality of the issue is marketing advertisement professional services does not pay a 110% ROI. Investments pay a ROI, which in truth is exactly what MX Revshare offer.
No place is this better highlighted compared to in MX Revshare's refund plan.
Rationally communicating in if an MX Revshare affiliate was acquiring marketing and really did not utilize the service, unused advertising and marketing credit ratings would attract a refund.
If I pick to quit using your companies after I've bought, can I obtain a reimbursement?
RESPONSE: No reimbursements, since all profits are already provided all active participants and also compensations paid to your referring sponsor.
The reason MX Revshare cannot provide refunds is due to the fact that as quickly as new funds are spent they're made use of to pay off existing capitalists.
As with all Ponzi plans, when affiliate employment wanes so also will certainly funds going into MX Revshare.
This will see the company unable to fulfill its promoted 110% ROI obligations, ultimately activating a collapse.
In order for James Lee Valentine and a couple of very early adopter financiers to make cash, the huge majority of MX Revshare affiliates need to lose it.