There is no information on the ProfitAdShare website indicating who owns or runs the business.
The ProfitAdShare website domain (“profitadshare.com”) was registered on the 12th of April 2013, however the domain registration is set to private.
A “certificate of incorporation” from Lancaster City in the UK has been uploaded to the ProfitAdShare website, but lends little to nothing to the credibility of the company (it looks like something I could doctor up in Photoshop in about five minutes).
Of more pertinent interest is the mention of “dailypayer.com” in ProfitAdShare’s terms and conditions:
DailyPayer launched in July 2011 and promised affiliate investors a maximum 2.5% daily ROI, capping out at 200%. ROIs were paid out of affiliate investments with the scheme collapsing a few months later in October.
Today the DailyPayer website is defunct and presumably has been for some time. With that in mind it seems unlikely that the admin of ProfitAdShare stored a copy of DailyPayer’s Terms and Conditions for future use, but rather that the admin of both companies is one and the same.
Based on the information available however, it’s not possible to confirm this.
Either way, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The ProfitAdShare Product Line
ProfitAdShare has no retailable products or services. Affiliates join the company and then invest in Ad Packs, with the expectation of ProfitAdShare paying them an advertised daily ROI.
Each Ad Pack costs $10 and is bundled with advertising credits that affiliates can use to advertise on the ProfitAdShare website.
The ProfitAdShare Compensation Plan
ProfitAdShare take money from affiliates and in return guarantee a daily ROI ranging from 1.8% to 2.4% over 90 days.
How much of a daily ROI affiliates receive depends on the total amount of money they have invested with ProfitAdShare:
- Bronze Plan – 1.8% daily (1-25 Ad Packs)
- Silver Plan – 2.1% daily (26-50 Ad Packs)
- Gold Plan – 2.4% daily (51 or more Ad Packs)
Referral commissions are also paid on money invested by recruited affiliates, paid out down three levels of recruitment:
- 5% on level 1
- 3% on level 2
- 1% on level 3
Affiliate membership to ProfitAdShare is free, however affiliates must invest money if they wish to earn any commissions.
Free affiliates can generate referral commissions, but they must invest these commissions and participate in the scheme in order to get paid.
With no retail activity, all revenue generated by affiliates and affiliates paid out daily ROIs using newly invested affiliate money, ProfitAdShare squarely fits the definition of a Ponzi scheme.
Despite this however, ProfitAdShare insist that they are not an investment scheme:
You acknowledge Profitadshare.com is not an investment program, multi-level marketing program, High Yield Investment Program, “autosurf”, randomizer, matrix, pyramid, Ponzi scheme, “get rich quick” scheme, or other similar venture.
Yet in the company’s FAQ, the following question appears:
Of course even without a silly pseudo-compliance disclaimer ProfitAdShare is an obvious investment scheme, but it’s still amusing to observe when these schemes trip up over themselves.
Looking at the bigger picture, it’s obvious there’s some tie into the previous failed Ponzi scheme DailyPayer. It’s highly unlikely the admin of ProfitAdShare just kept a copy of DailyPayer’s terms and conditions “just in case”, therefore the chances that the same person(s) are behind both schemes is pretty high.
Moreso when you consider both schemes are advertising based (both use ad packs as their investment front), with similar ROIs touted.
DailyPayer crashed after just a few shorts months and it’s a no-brainer that the same is likely to happen with ProfitAdShare.
What happens then?
Question: Can The Admin Change Rules Of The Program?
Yes, the Admin can. It is in the Admin’s and the members’ interest that this program runs for a very long time, so changes have to be made every once in a while to keep up with the times.
It could be as simple as changing and adding to these FAQs or it could be major amendment, such as changing the rates of the program.
The ProfitAdShare admin changes the rules and runs off with everyone’s money.