proadshares-logoListed as the admin of ProAdShares at the end of the company’s website FAQ is “Nagy”.

Further research reveals ProAdShares affiliates identifying a “Nagy Mohamed” as the name that appears on their commission receipts.

Why Mohamed doesn’t provide his full name on the ProAdShares website is unclear.

Adding an additional layer of confusion is the fact that ProAdShares website domain is registered to “Ahmed Masoud” with a different email address.

The domain registration details for Masoud suggest he is based out Saudi Arabia.

One domain registered using the same address that appears on ProAdShares commission receipts is “kashosoft.com”, some sort of classifieds forum in Arabic.

Mohamed Nagy meanwhile is the name of a well-known Egyptian footballer, with the name appearing in conjunction with ProAdShares unlikely to be a co-incidence.

As always, if a 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 ProAdShares Product Line

ProAdShares has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.

The ProAdShares Compensation Plan

The ProAdShares compensation plan sees affiliates invest $2 on the promise of an advertised 150% ROI, payable within 6 days.

Referral commissions are paid out on investments made by recruited affiliates, paying 5% on level 1 (personal recruits), 3% on level 2 (their recruits) and 2% on level 3 (level 2 affiliate’s recruits).

Note that 50% of all ROI payouts are withheld for mandatory reinvestment.

Joining ProAdShares

Affiliate membership with ProAdShares is free, however affiliates must invest in at least one position in order to participate in the ProAdShares compensation plan.

As such, the defacto minimum cost of ProAdShares affiliate membership is $2.

Conclusion

The contradictions on the ProAdShares website are numerous.

Let’s start with the obvious (taken from the FAQ):

Is proadShares.com legal?

YES it is legal.

Are we an investment opportunity?

No, we are not an investment opportunity.

The same FAQ then goes on to state:

How much does it cost to purchase an ProAdShare package?

An PAS Package starting at costs of $2 and it brings you a return of 150%.

How long does it take each advertising pack to expire?

6 days, where you get 150% of ROI !

Not an investment? Riiiiiiiiiiight.

Things deteriorate even further when you consider this is how the admin was advertising ProAdShares back in November:

ProAdShares – New Ad Revenue share site launching on 17th Dec 2014.

REVSHARE PLAN :
2$ Per Position
Instant Earnings
150% return total of 3$ (25% daily and fixed returns within 6 days)

ProAdShare affiliates invest $2 on the promise of a 25% a day ROI for six days, totalling 150% ($3).

This ROI is paid out of subsequent investments made, making ProAdShares a Ponzi scheme.

The advertising bundled with ProAdShares’ investment positions is neither here nor there, as it is the investment positions themselves that are being purchased.

As with all Ponzi schemes, once new investment in ProAdShares dries up, the scheme will collapse.

The 6-day ROI timetable means that this is likely to happen sooner rather than later, as less than a week gives the ProAdShares admin little to no wiggle room.

The 50% mandatory re-investment will stave off the inevitable collapse, but only temporarily.

Investors will know there’s a collapse the day their daily 25% ROI isn’t paid. By then of course however it will be too late and the ProAdShares admin will have done a runner.

Whatever money remains trapped in the system at that point is lost.