BitClub Network @ BehindMLM

What would you do if you were running an MLM opportunity and discovered one of your affiliates had made off with over five thousand dollars? If you’re BitClub Network, you set up a page on your website publicly shaming them and offer a “potential bounty” for any help given.

Putting aside the fact that BitClub Network simply take newly invested funds and use it to pay off existing investors, the ruse behind the scheme is that BitCoin mining will somehow consistently deliver >100% ROIs every 1000 days. That’s irrespective of how much is invested and irrespective of fluctuations in the value of BitCoin, otherwise [Continue reading…]

Among other things, such as the company housing several former Zeek Rewards Ponzi investors, one of the prominent red flags raised in a review of BitClub Network was the lack of information provided about the company’s owners. In a recent newsletter sent out to affiliates, BitClub Network have decided to address the issue.

There is no information on the BitClub Network website indicating who owns or runs the company. The BitClub Network website domain (“bitclubnetwork.com”) was registered on the 22nd of July 2014, however the domain registration is set to private. The BitClub Network website itself is being hosted out of the Netherlands, without more information however it’s [Continue reading…]