Fast Profits Daily members pay new member’s fees
The cornerstone of the recently launched Fast Profits Daily business opportunity is the principle that new members need to keep joining the business in order for existing members to get paid.
Despite the multiple matrices inside the compensation plan, if new members aren’t joining at the bottom of the Fast 1 and 2 matrices – those members sitting in the high payout matrices aren’t cycling any time soon.
In light of this, Fast Profits Daily members have zeroed in on this recruitment requirement and are doing anything they can to keep those new recruits coming.
Although now it seems just recruiting new members just isn’t enough… to sweeten the deal and keep the commissions coming, existing Fast Profits Daily members are now offering to pay the membership fees of new members wishing to join.
In a recent email put out by Fast Profits Daily ‘founding affiliate’ Fred Duterte (photo right), the Fast Profits Daily business model is boiled down to its essentials;
Join for as little as $50 – request 2 people you want to benefactor ($100) and relax and enjoy the ride!
Right, so join the company and then get two people to join under you. Classic Pyramid scheme… got it. But benefactor them into the business too!?
Duterte goes on to explain that
if you need help with 2 referrals, we have help for you.
We carry a list of people who want to be part of FPD but have exhausted all funds.
If you are willing to pay their membership – then, our upline leaders are willing to send you 2 referrals or 1 whatever you need.
With Fast Profits Daily costing either $50 or $250 to join, just who are all these people Duterte has signed on with the promise of somebody else being willing to pay their membership fees?!
And what about the legal side of things?
Fast Profits Daily already utilises a heavily tilted recruitment driven business model and now its members are entering the questionable territory of paying for new members to join who can’t afford the program, who will then they themselves need to recruit others and/or rely on the commissions paid to them by others joining the scheme.
On the retail side of things Fast Profits Daily costs nothing to join so this is obviously a ploy to boost membership numbers and maximise recruitment commissions.
The lure of $35,000 in the final Overdrive matrix sure is tempting but the reality is you’re going to need hundreds of people under you (who will need some substantial recruitment efforts themselves) to get anywhere near that.
Is it ethical, legal or even moral to recruit new members into the business and pay for their membership on this promise if they themselves can’t even afford it?
Being a ‘founding affiliate’ I’d be very surprised if Duterte hadn’t run this marketing strategy past the Fast Profits Daily management, however they themselves don’t seem to be too concerned.
And I imagine if Duterte and his team are doing it, they obviously can’t be the only ones. Alas, the catch-22 of running a business where your own income is primarily tied into your members recruiting others.
Do you restrict how far this recruitment marketing goes and eat into your own profits or do you let your members run riot?
hello! you guys keep on harping on about how the laws in the usa and other developed countries are really tough and pyramid schemes are not allowed .then how does a company like fast profits set up shop?
how can prelaunch australia invite memberships from all over the world?
don’t they need permissions from the central govt banks [like speakasia needs permission from the rbi] to set up payment channels for their members.
i mean how are these companies going to operate on an international scale without registrations and PE’s and banking channels?
kindly enlighten.
Let the Global community decide for themselves.
Well either the global community or the law…. either will do I guess – although I know which one carries more weight!
Stop pretending like Speak Asia was investigated the moment they set up shop.
Unfortunately MLM regulation is largely a reactive mechanism in its current state rather than a proactive one. Speak Asia operated uninvestigated for a year due to the way things work.
PreLaunch Australia in itself isn’t an MLM company, it’s a concept to join other companies and maximise recruitment bonuses and commissions. Fast Profits Daily just launched and will also die a slow death.
For whatever reason the powers that be don’t seem to put enough weight on jail time for starting these scams so unfortunately we have them popping up all over the place. They mainly use AlertPay and other systems that can pay out worldwide without too much hassle and almost always have the company’s bank accounts sitting offshore somewhere where this crap is legal or unregulated.
Regardless, one hundred million scam companies still don’t justify or validate Speak Asia’s business model. And the current sanctions are a result of the regulatory investigations being conducted into the company.
Prior to the investigations Speak Asia was as unhindered as any other scam company operating out of India, but you already knew that. Attempting to compare Speak Asia to companies that are a few weeks old or haven’t even launched yet is a fruitless excercise.
well there are only nine hours left for the launch of prelaunch and then we all get to see their wonderful revolutionary product[yippee?]
what say soapbox is it worth joining?
PreLaunch Australia is an income strategy, they have no products.
Furthermore PreLaunch Australia has already been exposed and critiqued on BehindMLM. I’ll be going through the Beehive Strategy too once they launch tonight.
I suggest you do your research before making yourself look rather foolish.
if alertpay is responsible for pushing ‘questionable’ money across the globe why haven’t they been hunted down and killed?
what are the collective governments of so called advanced countries doing?
Going after alertpay makes about as much sense as going after ISP’s for allowing people to login to the internet and market such scams.
It’s up to the governments themselves to go after the companies using these third party services. These third party services they themselves are not in a position to make a legal ruling on whether or not a company is legitimate or not.
Take Western Union for example, fraudsters love using this service yet it isn’t such down because it clearly has a demonstratable legal use. Instead it’s the scammers utilising the service who are hunted down.
Same applies to AlertPay.
Because they are stupid not to consult a lawyer, and they will get slapped when they grow to a certain size. And sometimes, people are just ignorant of the real law, as you apparently were of your own laws against pyramid schemes (prize chits and such banning act)
Didn’t EOW claim they don’t take cases under 50000 rupees? I think i read that somewhere.
Prelaunch Australia haven’t taken any money yet that I know of, thus is not a pyramid scheme, merely a shady promo. Are you having any eye problems?
No. And such application and approval does NOT mean the business model of such business is legal. it only proves they have filed the proper paperwork, declared the owners, and so on.
Are we talking SAOL, or FPD here? Are you wondering, or just want to throw out some red herrings by starting some irrelevant debate? I think you already thrown in PA as well, then you got a sideways question in, asking about EVERYTHING. I was quite tempted to just answer “not relevant”, but I’ll indulge you.
International pyramid schemes are quite common in recent years. TVI Express got members in 160 countries (it so claims), and already got kicked out of a dozen. TVI Express is based in Bangalore India, though it CLAIMS to be based in UK or Cyprus… Sounds familiar?
International payment? Easy with credit card, bank transfers, and website (which is based in Ukraine), and accounts routed through Cyprus, which was used by Al Qaeda and Russian mafia for money laundering. (TVI Express, that is, not SAOL)
Interpol is after big traffickers of drugs, humans, and so on. They usually don’t bother with small time crooks (a few hundred million) though if CID asks hard enough they may make an exception for Haren Kaur and Manoj Kumar…
So your local bank should be banned for helping SAOL collect money, yes? Or for any previously banned scams?
See how ridiculous your own argument sounds?
In saol’s case the rbi warned the banks that if they allow banking facilities to saol they would be liable for any losses that took place.
so why cant the same kind of warnings be issued to alert pay or western union that they need to throughly check the antecedents of all parties that use their channels?
so a pyramid scheme involving hundreds of countries is too small for interpol because they’re off doing some seriously serious things.how utterly lame.did interpol personally tell you this?
you guys just found your pet project in saol and are attacking it like it holds the keys for some seriously serious WMD’s.
you ought to go after the big fish.as i see it there are plenty in your own backyard.
besides quit worrying your pretty little heads about saol’s business model-it is lawful and satisfies current laws.
besides did’nt your BFF moneylife say it would be quite difficult to charge saol under your favourite prize and chit fund whatever?
Because Western Union isn’t a bank? (duh).
The hundreds of countries line is a crock. Any online business can operate in over a hundred countries instantly, it’s just a fancy number they like to throw around. The real urgency is in the size of the memberbase. Interpol isn’t going to get involved with small potatoes stuff, that’s up to the local authorities.
Please, enough with the bullshit persecution complex. BehindMLM covers the MLM industry… Speak Asia is but one of many of the companies reviewed here.
Yeah, that’s why they’re under criminal investigation and being dragged through the legal system – because it’s all legal.
No idea. How about citing your bullshit claims for once?
While MoneyLife did publish and article about “Can SpeakAsia be charged under the Prize Chit Fund Banning act”, I believe the tone was “why wasn’t it already”, instead of “why can’t it”.
But you don’t really care, do you? You are basically arguing that why prosecute SpeakAsia when there are all these OTHER crimes around the world. That is a red herring. You can’t prove SpeakAsia’s legal, so you are trying to claim everything ELSE is also illegal. Your debate tactic sucks.
Besides, you should be trying to prove this to Indian law enforcement, not us. You’re completely wasting your time and effort, doing no good, and embarrassing yourself by making baseless claims.
And what do you think you’re posting in? We’re criticizing FPD as a barely disguised pyramid scheme!
Not only you need your brain checked, you need your eyes checked too! Why not check your ears in the meanwhile?
I could never understand why people who oen these so called scam sites act as if they know everything.
If they were so concerned about reporting something being a scam or illegal they should do some research, study the site, get on a call.
Fast Profits Daily has one of the top MLM attorneys with them. It’s a comp plan structure that has been in use for years. In demand products and a way for 1000s of people around the world to improve their lives.
Some people just hate to see others get ahead. Payment processors, credit cards, AlertPay among others are used Internationally. USA members must fill out a W9. Scam reporters opinions are just the, their opinion and means nothing.
Thanks!!
I always here this term pyramid, the government, corporations, military and many things have a pyramid structure. In a corp the new person never has much of a chance to get on top, just herded around like sheep.
In MLM type businesses people can build their own future. It just takes a lot of hard work. Most people that thrive on these boards are probably just some unhappy employees without a clue that there are other way to go in life.
Mr Duterte above is in my business with me, a fine and honest person as the vast majority of networkers are. Jack
@Jack
They don’t. Nothing is published here without thorough research and analysis.
Research? Check. Study the site? Check. Get on a call? Not required, but if I recall correctly I’ve listened to at least one FPD call.
Who?
And if it worked, why did Robinson and Chandler leave ROI then?
(answer: because the new recruits dried up).
Let’s not jump the gun. These products were only released a week or so ago and are entering an already saturated and highly competitive marketplace.
Not even if they’re thoroughly researched, argued and well presented?
By all means point out any errors or disputes you have with any of the information presented here, but merely disregarding it because you disagree (without challenging any of it directly) is a bit naive don’t you think?
This is a tired argument, and often the first line of defence people participating in blatant pyramid schemes like Fast Profits Daily trot out.
Neiher the government, corporations nor the military pay solely recruitment based commissions, nor require a constant influx of new recruits (employees) to generate salaries. End of story.
Agreed, and this hard work should be retailing products and services. Not token bullshit products attached to massive recruitment bonuses and commissions.
Again, by all means directly challenge any of the information presented here if you think I’ve unfairly characterized how Fast Profits Daily works, or portrayed what you have to do in the company to get paid. But dismissing the information based on your assumption of who wrote it, is naive.
I could be a monkey writing from a cardboard box, it still doesn’t change or validate FPD’s business model.
I know what’s good and right and that’s it. I’m happy with what I do as are millions of others in this industry.
Someone who’s whole existence is tearing things down must be a very unhappy person. You can’t change an an employee mindset.
MLM in all forms will be around forever, matrix, unilevel, binarys, etc. Some people make millions, some lose, that’s just the way it is. Too bad you don’t get it.
People like you tried to tear down Amway, They’re still around.
I bet I could get you going on Cash Gifting, that would flip you out. Been around for years, will always be here. People need freedom to do what they want. I’m in the Peoples Program, not promoting it, but good for people who like it.
I’ll send you my link you can send me a gift. Oh, I bet that’s illegal. Everyone needs to be selling apples in the park. Good night.
I forgot to mention. Little you know, FDP is going to come out with a residual product for long term stability.
Ah the good ol ‘you just don’t get it’ routine.
Horseshit I don’t get it, which is why you cannot refute any of the information presented here and instead attempt to compare ponzi pyramid schemes like FPD to Amyway and tar the entire MLM industry with your warped perception of what it is.
Only pyramid schemes such as FPD. Not all MLM is about blatant recruitment schemes.
If you’re happy participating in pyramid schemes that’s fine, but please don’t attempt to tar the entire MLM industry with the same misguided definition you have of the industry.
Perhaps, but what does that have to do with blatant pyramid schemes such as FPD masquerading as MLM?
No I didn’t. Amyway has products and pays retail commissions.
Yeah, good luck with that. The condescending ‘you just don’t get it’ attitude will only work on the gullible idiots you and your ilk prey on.
Trying to pass it off here is just a waste of your time son.
Let me guess, some kind of bullshit mentoring club with a monthly subscription?
Still doesn’t change the pyramid scheme business model they’re currently using.
I too busy to spend any more time with backwards people. I’m sure you believe the Earth is flat.
Back to recruiting into my pyramid scheme. You better not accept Social Security, it may be a pyramid scheme. Done…
Well at least your honest about FPD being a pyramid scheme. Can’t ask for much more than that.
Ladies and gentlemen, straight from the horses mouth.
Pyramid schemes aren’t sustainable mathematically and the people who promote them are the lowest of the low in network marketing and MLM.
I was saying that for your benefit, you didn’t get it.
It’s not a phoney travel coupon, a real service.
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I have wasted too much time here. I hope that you some day get a life.
the above is from moneylife your BFF.
so it seems your blue eyed mlm amway is being charged under the same act as saol.
question is why aren’t any amway people arrested? could it be they don’t have any staff in india?
The travel card is irrelevant as it’s got nothing to do with the compensation plan. The overwhelming bulk of commissions paid out in FPD are for recruiting people.
That and membership to a third party affiliate travel club is not a product, it’s membership. Unless FPD are paying a commission on actual travel booked, it changes nothing.
Yes, I already told you that you were wasting your time trying to defend blatant pyramid schemes here. Back to suckering gullible naive idiots with your capture pages then.
@anju
And that will most likely fail, because Amway have retailable commissions. Whatever happens to Amyway doesn’t change Speak Asia’s business model. They are not the same model so why even bother to continually try to compare them?
Because Amyway isn’t a blatant pyramid scheme, they pay retail commissions on products that have nothing to with membership to the company.
Amway also have over thirty one offices around India, which even the lightest of research would have revealed.
listen the law has to treat everybody the same.
if two companies are being investigated under the same act you can’t arrest members of one and not the other.
your opinion is just that-your opinion.
besides we have a trade able product our e-zine.just because it is a virtual product doesn’t make it any less of a product.
breaking news our people have got bail from the andhra courts to and there are no fresh fir’s anywhere.it’s your prayers that are helping us through these difficult times.
And it does, but Speak Asia and Amway are not the same. Why is this such a hard fact for you accept?
Because the two companies are different.
Captain Obvious to the rescue!
For the third time, can I buy Speak Asia’s e-zine without joining Speak Asia?!
Don’t care, what about the CID and EOW investigations?
what we’re hearing from tarak and dipankar [two of the repeated arrestees] is that the eow [whom they meet on a regular basis]is currently pulling out it’s collective hair strand by strand in utter frustration.
there are looking deep and hard but finding zilch.nada.zero.
don’t be opiniated fools .if two parties are investigated under the same act they CANNOT be treated differently before a chargesheet is filed.
I’ve heard way too much crap from these clowns over the last few months to believe anything they say. Until it’s reported on via a third party I’m going to refrain from commenting further.
Of course they can!
Using bail as an example, some people are granted bail, some people aren’t, some people have to pay a lot for bail, others not so much.
The particular circumstances of the case wholly dictate how the investigation is handled. Already Speak Asia’s global CEO and Indian CEO have fled the country, is it any wonder they’re arresting other executives to keep them in custody while they continue their investigations?
Sidenote: Can we keep the discussion about Speak Asia in the commentary of the other article? It really has nothing to do with FPD.
It is you who don’t get the facts: offering a “real discount” on top of a pyramid scheme means it is STILL a pyramid scheme. Nothing fundamental has changed.
I hope someday you get the facts straight, instead of this pretzel logic you keep hiding behind.
Considering the source, and the fact you’re passing on unverified hearsay, reliability is low to nil. You really think they’ll say “EOW got us by the balls, we are all doomed”?
Given the preponderance of prior evidence of SAOL being a liar, and publicly apologized, AND its CEOs choosing to stay away from the investigation out of the country, AND CID freezing funds and various agencies investigating and charging people of crimes, it makes YOU the opinionated fool who insist on SAOL’s innocense.
Did the other four or so got bail or not? If they didn’t, that means they did get different treatment, and certifies you being the fool.
everybody made bail.
i dont see the ceo of amway in india to clear the doubts of the cid.
1. Amyway aren’t solely operating in India, unlike Speak Asia which solely operates in India.
2. The Indian management of Amyway haven’t fled the country, like the Speak Asian management have.
Even if Kaur fled and Kumar stayed behind, that’d be excusable as Kumar is the Indian CEO. But both of them?
Dodgy as hell.
as your research showed you that amway have 30 offices in india surely they must have some top management here too.they haven’t been arrested why?
nice to see you’re willing to forgive kaur a little, because you want to give some leeway to your amway ceo.
so if you are not solely working in one country you have the license to not be answerable or responsible for your company in a particular country.hogwash!
shows how far you’ll go for your love for amway.are you the international distributor for amway?
You already asked this… and I’m starting to question your ability to process information presented to you.
Here’s the answer previously provided;
Regardless of who is or isn’t in India, if Speak Asia go down Kaur is ultimately responsible. Don’t mistake Kumar being in India and sufficing for the purposes of a criminal investigation into the company as equating to ‘forgiving Kaur’.
And I fail to see what any of this has to do with whoever the CEO of Amyway is. Can you seriously not get over the fact that Speak Asia and Amyway use completely different compensation plans? Or have you been banging the ‘waaah the media are persecuting us’ drum for so long now that you’ve forgotten what this is all really about?
The fact Amway are being investigated means they, like any other company are accountable. So I’m not sure what your point is.
Sure why not, I also work for Star News, the EOW, CID, Star Panel and anybody else you want to scapegoat for Speak Asia’s reguatory troubles.
Good, thanks for the update. Got proof?
Except this ain’t about Amway, but SAOL. Your continued attempt at crying “But they’re guilty too!” is a very poorly constructed red herring argument.
Because 1) there is a fundamental difference between Amway and SAOL that you have thus far REFUSED to acknowledge. When confronted, you simply ignored it. 2) Amway is under investigation, , pronounced guilty in ONE state, as you yourself pointed out, and there are NO WARRANTS out for arrest for THEIR CEOs, unlike SAOL’s CEOs.
Again, you are making a very stupid assumption, that this blog is based in the US. It is not.
That was not the point, and your persistent attempt to divert the issue is getting irritating. We are here to discuss SAOL’s legitimacy / legality, not Amway’s. Your continued attempt at red herring argument.
At best, what you’re claiming is “we’re guilty, but not as guilty as you think.” What happened to the proclamation of innocence?