12 Daily Profit Review: 2009 investment scam relaunch
As someone who reviews MLM business models and compensation plan structures, it’s completely out my hands what direction the industry takes or the trends it goes through.
If a particular business model catches the eye of company owners, more often than not clones start to pop up all over the place. And the simpler the business model can be replicated, the more abundant the clones.
As a reviewer, with little to distinguish between the business models being cloned, it can be a challenge at times to keep up. One of the reasons I do try to catalogue as many MLM companies as I can though, is so that I hope to build BehindMLM into a valuable resource over the years that catalogues who ran what and when, to the best of my knowledge.
Just over two years ago the website 12 Daily Profit launched in December of 2009. In its original incarnation, 12 Daily Profit promised up to 12% daily ROIs on investments made with the company over 12 days.
An obvious Ponzi scheme, sometime in 2010 12 Daily Profit went bust and the domain expired. Apparently looking to resurrect the opportunity, the domain has been registered again and a new website was launched a few days ago.
Read on for a full review of the 12 Daily Profit MLM opportunity.
The likelihood that 12 Daily Profit is owned by a different owner this time around is unlikely, moreso when you consider the site is being used to push a similar MLM investment based business opportunity.
There is no information on the 12dailycash.com website about who owns or runs the opportunity, however the domain registration lists a ‘mike bercam’ operating out of Montreal in Canada as the registrant.
No further information about this Mike Bercam is available online and given the history of the 12 Daily Profit domain, I’m even tempted to say that these are bogus details.
The 12 Daily Profit Product Line
12 Daily Profit has no retail product offering or service. Members must make investments into the company if they wish to earn commissions (returns).
Bundled with each investment are advertising credits. These advertising credits can be used to advertise on an inhouse advertising network that features on the 12 Daily Profit website.
The 12 Daily Profit Compensation Plan
12 Daily Profit guarantee members a 12% daily ROI for 12 days. Investments are made in $10 lots and capped at a $10,000 total per member.
The company also pays a 10% commission on any investments made by personal recruits.
Joining 12 Daily Profit
Membership to 12 Daily Profit is free, however an investment must be made if members wish to earn any commissions.
Free members can earn without investing themselves, but they need to recruit and encourage their recruits to invest instead.
With no revenue source other than member’s investments, it’s clear that the returns 12 Daily Profit pay out are being funded by new investments made by members.
The company claims that it’s an ‘online advertising program‘, however the company’s refund policy states:
When you purchase an ad Pack, you are essentially purchasing advertising with 12dailyprofit.com and you will instantly be credited with 10,000 advertising credits which you can use straight away to promote your banners/text advertisements.
As such, 12dailyprofit.com does not offer any refund.
Logically, if members did not use any of the purchased advertising credits then they would be fully entitled to a refund. Given that nothing is being purchased however and that the newly invested money is instantly used to pay out existing guaranteed returns, refunds are of course not possible.
12 Daily Profit is pretty much a bog standard Ponzi scheme and once the new investments stop, so too will the returns.
Whereas the 2009 launch of 12 Daily Profit saw three separate investment plans (depending on how much was invested), this time around it looks like the owners are streamlining the investment process with just one offering.
Regardless, 12 Daily Profit went bust before and the same thing will happen again. You can’t generate returns out of nothing.
I wonder why there are no comments for this program. I was not aware about the 12dailycash website and had no clue about its existence but fortunately I stumbled upon this website and found this info.
Well written with all the explanation one needs to decide if this is a good investment program or not. The FAQ states that one can withdraw when the minimum balance reaches $10 and on the other hand they have displayed payments less than $10 as Payment Proof!
Though, I feel this was relaunched to make quick money with no long term business planning.
Not surprisingly after one week of running 12 Daily Profit the owner has decided to force members to re-invest by announcing a 40% re-investment rule.
This rule means members can only cash out 60% of their ROI with 40% having to be re-invested. All this does is draw out the program a little longer but ultimately it still suffers the sustainability problems of all ponzi schemes.
I’ll update the article when the 40% re-investment rule goes live.
I’m playing with cycle programs with more than a year already since I started in ad2million before. I tried to play this program and I invested $90 let’s see when the program stay. I got my investment for 30% already and hope I will get my money out.
I stumble upon this 12dailyprofit, it is a very lucrative offer, it is sad to know that it would be a scam.
I’m a member of adailycash, so far it is been good since the interest rate is a realistic 4%.
There is nothing realistic about a 4% daily return. Moreso when it’s just being paid out of new member’s investments.
I agree with Oz.
All these high returns are only to get more members involved in the program, so that in the end, they will have more money left to take away.
JBP is the one that continues to pay 2%, and with their restart mechanism survive for almost a year. Looking forward to T2 doing the same with all the income streams being created.
Any ROI in a Ponzi scheme is bust because the only source of revenue is new investment from members.
Whether you introduce matrices or other ways for members to invest is irrelevant, the flaw remains.
Restarts and what not drag out the scheme but only temporarily.
Please advise what other progs you reccomend l am currently in JSB have received over $ 5000 in profits
PS also in 12daily profit to bad I did not know what you have shared
Hi Allan, unlike most MLM review sites I don’t actually recommend any particular business opportunity. You just get straight reviews and information here at BehindMLM, whether you want to join or not is left entirely up to you.
I am in 12 dailyprofit,have been for awhile,right now it’s working well but am moving with caution and only re investing from my earnings not from out of pocket.
they did pay like they said,but that does not mean it will last like all these people are saying,if you do it only invest a small amt so you will not loose much if it fails.
For the ppl who are participating in these investment programs, are you keeping up w/your taxes?
I was told that you have to, and that you need to file them quarterly, so the best thing is to keep a log of all monies being earned. Also i was told that one must pay taxes in the country in which these programs are located, if applicable.
I still don’t know where 12dailycash or any of these programs are actually located. Do any of you think this will potentially cause a problem as far as taxes are concerned? I’m just all about doing things the right way. That’s why i ask.
You should be filing taxes in the country you earnt the money, which would be where you live at the time.
As for the country these scams operate out of, most of them are registered either in offshore tax-havens or countries with a pretty low level of law-enforcement.
That’s if they’re registered at all and aren’t just a website domain with a purchased Ponzi script.
I’m now in profit here and I made 2x in my investment.., the withdrawals is pending for 4-6 days before you get the payment.., It’s near to became scam now.., 🙂
I can highly appreciate this board. I too am a very cautious member of a program that is paying every day constantly.
I was looking for another since I’m was able to find a decent one and about to invest for the first time AFTER lurking for a month. And guess what? 4dailypay ‘can’t be found’. Had upwards of 10k members so they said.
12dailyprofit was one of the programs being promoted on their site! So I decided to scam search.
I know about the previous 12daily. I don’t think I’ll take a chance with this one either. Making good money with Triplers though.
Just tried to login to 12 daily profit and – it’s not there!
Should have known better but followed an upline who is usually reliable. Oh well, if it doesn’t come back I’m only down $50 which was profit from JBP Tripler anyway.
Also, it won’t affect my promotions as I can easily take it out of my backend program lineup.
Behind MLM is a very useful website – well done!
same story here can’t find 12 daily just my luck
SCAM !! Lost only $20, Friend lost $100 !
But I keep being blessed by ‘Just Been Paid’, Indefinitely Sustainable ! Just withdrew another $1000 !! One of the only programs to be trusted !!
You do know that restarts mathematically are still going to fail right?
There is nothing reliable about Ponzi schemes… well, except that they all eventually fail.