10 Daily Cash Review: 200% ROI over 50 days
There is no information on the 10 Daily Cash website indicating who owns or runs the company.
The domain ’10dailycash.com’ was registered on the 26th April 2012 and lists the domain registrant as:
owner-name: Michael Chardi
owner-street: NYStreen No.3
Interestingly enough the ‘admin’ contact details are different from the domain owner details:
admin-name: Wersen Janyers
admin-street: NY street no.342
A quick search on both emails (‘firstname.lastname@example.org’ and ‘email@example.com’) reveals both emails have previously been tied into multiple dodgy looking investment schemes, the bulk of which are no longer operational.
You’ll note that the addresses provided in the domain registration also don’t really make sense either so I’m pretty sure that both listed contacts are fake IDs.
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 10 Daily Cash Product Line
10 Daily Cash has no retailable product or service. Instead, members are required to make investments in the company and in turn then receive a return on their investment (ROI) over a specified amount of time.
These investments are made in $10 allotments and bundled with each investment are advertising credits. These credits are useable on an inhouse advertising network that features on the 10 Daily Cash website.
The 10 Daily Cash Compensation Plan
10 Daily Cash offer members four investment plans each with slightly different ROIs and maturity periods:
- 4% daily ROI over 50 days (200% total ROI)
- 3% daily ROI over 75 days (225% total ROI)
- 2% daily ROI over 100 days (200% total ROI)
- 10% daily ROI over 25 days (250% total ROI)
- 5% daily ROI over 40 days (200% total ROI)
Why 10 Daily Cash bother offering five investment options is beyond me, seeing as option 4 is most likely what every member investing is going to opt in for (why wait longer to earn less?).
10 Daily Cash pay out their ROIs at a rate of 70/30, meaning that at any given time 70% of the total ROI is able to be cashed out with 30% of it being required to be re-invested back into the company.
In addition to investment returns, 10 Daily Cash also pay out a 10% commission on any investments made by members you recruit.
Joining 10 Daily Cash
Membership to 10 Daily Cash is free however members must invest if they wish to participate in the compensation plan and earn money.
Free members are able to generate income via the recruitment of others and getting them to invest, however they themselves must first invest if they wish to cash out these earnings.
10 Daily Cash claim that they are
an advertising program that generates traffic for your products and/or services and also rewards you for advertising using our platform!
10dailycash.com IS NOT AN INVESTMENT PROGRAM.
Quite obviously though, if you consider that advertising cannot be bought without participating in the investment program and that the company offer fixed rate ROIs on any money invested in the company, 10 Daily Cash is an investment scheme.
This is further evidenced in the 10 Daily Cash refund policy, which states:
Once you have made your purchase, you are allocated with advertising credits which you can use straight away.
No refund will be offered.
If advertising credits were infact being purchased, the non-use of any such credits would surely entitle the purchasing member to refund. However with 10 Daily Cash using newly invested money to pay out owed existing returns, this is clearly not possible.
Amusingly, they even refer to the money invested by members as such:
The second bit of text I’ve underlined states that ‘10dailycash.com never gives and makes any guarantee of earnings or profits‘, yet quite obviously by guaranteeing a set ROI this is obviously a bogus claim.
With anonymous owners and a compensation plan that merely shuffles money invested by members around to pay out ROIs on existing investments, 10 Daily Cash is pretty much your everyday run-of-the-mill Ponzi scheme.