JubiRev affiliate call endorses passive investment
I’m going to preface this article by stating that the exact nature of the business relationship between T. LeMont Silver and JubiRev has to date not been made public.
Silver is an affiliate of JubiRev but is also responsible for virtually all of the affiliate training videos the company has put out, as well as hosting most if not all of JubiRev’s affiliate training and marketing calls, as well as the company’s webinars.
Additionally, Silver was present at JubiRev’s recent “JubiMeeting” held on March 6th, sitting alone in the front row:
Whatever the extent of the relationship between Silver and JubiRev is, it obviously extends well past being a top affiliate of the company.
Update March 30th 2012 – In a lawsuit filed by eAdGear (parent company of GoFunRewards) against JubiRev and former President Randal Williams, T. LeMont Silver was named as a “Video Manager” of JubiRev.
This indicates that Silver has an executive role in JubiRev beyond just being an affiliate of the company. /end update
With that in mind it was a recent such call that caught my attention, raising new and confirming ongoing red flags with the yet to be launched JubiRev MLM business opportunity.
T. LeMont Silver (photo right) opens the call, which I believe went live only a few days ago, by announcing that he and his wife are ‘going to be leaving out of the country for a couple of weeks‘ [00:21].
Silver doesn’t explain why he has to leave the US, only stating that ‘when we planned this trip, we did not know that we would be in the heat with what we’re doing with JubiRev/JubiMax‘ and that it’s ‘a very important trip‘ [00:29].
In the second audio clip however (available at the end of this article), Silver explains that he is
going to Chile to an off-shore tactics workshop. There’s a gentlemen that I do follow, he’s not a conspiracy theorist he just puts out great investment information. His name is Simon Black [26:33].
Simon Black (not his real name) runs the website “Sovereign Man” (“sovereignman.com”). On his website, Black writes
I am an international entrepreneur and investor; I travel the globe on the lookout for personal and economic opportunities to enrich my life… sometimes this means a great investment, an exciting business venture, beautiful places, or new relationships.
A poster by the name of “wordsdontmatter” on the Survival Podcast forums outs Simon Black as Miss Ragini Dhanvantray, who appears to be based out of Singapore and was convicted for filing “false lodgements” there in 2010.
Whether or not Black has personally invested in JubiRev is not known.
At [1:48] Silver informs listeners that despite his absence, JubiRev’s webinars will continue with company President J. Joshua Beistle hosting them.
Apart from “strongly encouraging” affiliates to ‘do what they must to start off at $200 a month‘ and to then ‘purchase as many JubiBucks as your resources allow‘ at [5:10], the rest of the call is of little interest.
Well, until right at the end when Silver starts gushing about Fly Guy Marketing.
[14:20] Fly Guy Marketing dot com is the vendor that I am strongly, strongly, strongly, and the only vendor that I am endorsing for customer registrations.
I’ve worked with the folks at Fly Guy, some of you that have been part of the following have worked with the folks behind Fly Guy. They are absolutely phenomenal people.
I don’t have a good enough and uh, adjectives to explain my absolute love or working with these folks. They are just so simple and easy to work with, great people. People of phenomenal integrity and character.
Bear in mind this is a company call, with affiliates being strongly advised to purchase customers from Fly Guy Marketing.
So who is Fly Guy Marketing?
In a nutshell they provide affiliates in schemes like JubiRev with customers to dump their Ponzi points on, as well as placing ads for affiliates (an ongoing qualification requirement in JubiRev to earn a share of the daily profit share).
There is no information on the Fly Guy Marketing website indicating who owns or runs the business (surprise, surprise).
Hidden in the Fly Guy Marketing website source-code however, is a testimonial from none other than T. LeMont Silver, in which he mentions the company “RealKuleAds”:
RealKuleAds was a company who offered affiliates of GoFunPlaces automated daily ad placement.
A notice on the RealKuleAds website informs visitors that the company is ‘no longer accepting new subscriptions‘:
I’m going to go out on a limb and suggest that this happened around the same time T. LeMont Silver effectively ditched GoFunRewards and started to promote his “Plan B”, JubiRev.
I remember listening to a call a while back which was essentially T. LeMont Silver with some sidekick slamming the management of JubiRev, complaining incessantly that the Chinese management of eAdGear needed to “get out of the way” and let Randal Williams (then president of GoFunRewards, now connected to JubiRev) implement the compensation plan T. LeMont Silver wanted.
Naturally there’s no information on the RealKuleAds website indicating who is running the company, however the domain registration for the company’s website (“realkuleads.com”) is registered to something called “2cfreedom”.
The administrative contact for 2cfreedom is a Chris Pearson, operating out of Washington in the US.
It is unclear whether or not Chris Pearson was or is involved in either GoFunRewards or JubiRev, however he does appear to have a close business relationship with T. LeMont Silver.
For reasons unknown, Pearson is marketing his daily ad posting automation under the brand of Fly Guy Marketing, having felt the need to ditch the name RealKuleAds.
Putting all of this together, what we have here is an official JubiRev company call firstly urging affiliates to invest as much as they can in JubiRev, and then the suggestion that affiliates use the services of Fly Guy Marketing to purchase customers.
By purchasing customers from Fly Guy Marketing and getting them to publish a daily ad, JubiRev affiliates effectively turn their purchase of JubiBucks from JubiRev into a passive investment.
You simply join JubiRev, pay your monthly subscription, buy as ‘many JubiBucks as your resources allow‘, pay Fly Guy Marketing to create some customer accounts for you, dump your JubiBucks on them and then earn a daily ROI on your generated JubiPoints.
This is an entirely passive ROI, with JubiRev affiliates simply investing money into the company and dumping virtual currency dollars on paid for customer accounts.
This passive investment strategy is being endorsed and “strongly” recommended by JubiRev on their company calls!
I’d like to say we’ve hit an all-time low in the MLM Ponzi points niche arena but it was only a month or so ago that T. LeMont Silver was at it on another JubiRev company call, this time advising listeners to
protect what you have so that somebody… can’t just come after you and everything that you’ve worked hard to build up goes away [29:22].
Given Silver’s involvement in the recently busted $600M Ponzi scheme, “somebody” is no doubt referring to the SEC, who, through a court appointed receiver are clawing back ill-gotten Ponzi scheme funds from those that profited in the scheme.
Silver refers to the SEC action against the $600M Zeek Rewards Ponzi scheme as a “frivolous lawsuit” [29:28].
As a prominent investor in Zeek Rewards, no doubt Silver himself is facing clawback litigation from the Receiver. Ironically part of Silver’s ill-gotten Ponzi winnings in Zeek Rewards would have been sourced from those that follow him from scheme to scheme.
Silver appears to be quite bitter over having to pay back his Zeek Rewards Ponzi profits back to those Zeek Rewards investors who lost their money:
[29:36] When you’ve got some dude over there (the Zeek Rewards Receiver, in the US), that’s trying to scare people saying that “if you’re in Zeek Rewards and made some money I’m gunna claw that money back”.
But if you don’t own any of the money, you don’t own any of the asssets – what’s he gunna claw back?
Silver then goes on to describe his plan for JubiRev affiliates,
[29:59] One of the things we’re going to do…is have a website.
[30:15] There’s gunna be things like perhaps having an accountant, a US based accountant coming in and talking about doing some structuring.
Maybe having someone coming in and talking about some asset protection things.
Why?
Because we saw with Zeek Rewards, we saw people make more money then they’d ever made before. I wanna make sure that as you make that money in JubiRev that you know what to do with that… that you know how to diversify your assets offshore.
[30:58] If you live in the US but you had banking in Belize, and you had a corporation and a trust in the Cook Islands, and you did store some gold and silver offshore in Hong Kong, well I tell you what – if the US wants to come and confiscate your gold it’s kinda hard to do that if it’s in Hong Kong.
Those are the types of things we want to bring to our audience.
[31:29] Ultimately when our folks start making money we want them to know what to do with the money when they start to make it.
As good an admission as any that Silver expects JubiRev to be targeted by the SEC for being a Ponzi scheme in the future. This of course is no surprise given the near identical business model to Zeek Rewards that JubiRev uses.
Replace “penny auction sample bids” with “JubiBucks” and compensation plan wise you’ve pretty much got a clone of the Ponzi scheme core of Zeek Rewards’ business model.
It’s interesting to note that whereas with Zeek Rewards, despite the obvious Ponzi scheme mechanics inherent in the company’s compensation plan, the discussion was largely focused on whether or not it was indeed a Ponzi scheme, that this time around with JubiRev focus has shifted on preempting regulatory action against the company, and how (early) investors can avoid having to pay back they receive from investors who join after them.
And furthermore, even if the authorities don’t step in and shut down JubiRev, if this is the advice being given to the company’s affiliates, one can only imagine where and how JubiRev themselves are storing the money invested with them.
When the SEC shut them down, the books revealed that Zeek Rewards was at best just a few months away from an organic collapse – with funds in reserve nowhere near the amount that was owed to investors.
Fortunately for those who lost money in the scheme, Zeek Rewards made a big deal about using US banking channels and largely kept most of its funds in the US (although they did experiment with offshore credit card processors).
With JubiRev following the same Ponzi points driven business model that will inevitably arrive at the same conclusion once enough investors start pulling out sizeable funds each day, what happens when they collapse?
Footnote: Both audio recordings referenced in this article are official JubiRev training calls, hosted by T. LeMont Silver and sent out to affiliates by the company.
Here’s the first call, where Silver spruiks Fly Guy Marketing and urges investors to invest in as many JubiBucks ‘as (their) resources allow‘:
And the second (recorded about a month prior to the first), with Silver providing financial advice on how to avoid having to pay back net winnings if the US govt shuts down JubiRev for being an illegal Ponzi scheme:
Wonder of T. LeMont Silver read this before referencing the Cook Islands?
http://www.sec.gov/litigation/litreleases/2010/lr21382.htm
Heck, Oz, might as well add T. LeMont’s Zeek-related call with Robert Craddock.
PPBlog
Fly Guy Marketing was only registered in February 2013.
Apparently they are the “everything and the kitchen sink” type of a potential scam… They also have “founding members”, which you have to “fund”, the same thing that sunk Funky Shark.
Not quite K, as I understand it Jubi’s founder program just give bonus ponzi points on purchases made before a given date. FunkyShark’s founder program was more like a straight up pyramid scheme.
I hope Mr. Silver includes moving himself and his family to a nation without extradition treaties with the US in his asset protection scheme. As the link Patrick posted clearly shows if the government wants to disgorge you of your ill gotten gains they can lock you up until you decide to tell them where you hid the money.
So it’s more like Andy Bowdoin’s ASD giving 50% bonuses at those “rallies” if they pay down right then and there, huh?
Hi Guys,
Please shut up. Your negative stain is only going to harm the program for everybody who has put money in here.
I have a lot at stake with this program and don’t need your pompous righteous remarks jeopardizing my potential returns.
Thanks
From memory the Founder’s Bonus is a 15% JubiBucks bonus on any money invested.
And RealKuleAds was only registered in October 2012. Both companies appear to have been set up exclusively to provide fake customers to those in schemes T. LeMont Silver is participating in.
Here’s a 16 minute marketing spiel by T. LeMont Silver personally pushing RealKuleAds:
Your positive attitude is propping up a potential Ponzi scheme that you went in with your eyes open, and now you blame on people who saw it better than you? Do you also blame for police for crooks and criminals being arrested?
“All that is necessary for the triumph of evil is that good men do nothing.” (Edmund Burke)
Zeek’s shutdown is a much bigger problem than this blog. It affected all the other profit sharing penny auctions, and it will probably affect JubiRev too.
Many of the “true believers” from Zeek got a serious shock when it was shut down, e.g. all the people who seriously believed they did friends or neighbours a favor when they tried to recruit them.
JubiRev is set up to attract the more “hardcore” networkers and Ponzi players. Zeek was set up to attract ordinary people with little experience, the Good Unexperienced Money People (GUMP). The solutions that makes JubiRev attractive for some people makes it unattractive for most others.
GUMPs will usually not join anything if they don’t believe it’s a legit business. Penny auction was an idea they could believe in until Zeek was shut down. People were simply THROWING Cashier Checks at Paul Burks, more checks than he was able to cash in.
JubiRev will probably lose its momentum rather quickly. It doesn’t have that magical GUMP-attracting factor.
The GUMP-factor is something like this:
Without that factor, it won’t be very profitable for anyone. It will be about uplines making money on their existing downlines, and losing a part of their downlines.
GUMPS…wow Norway, that was beautiful. You bulls eyed that, and so eloquently. I am a GUMP and was fooled by Zeek. I fortunately never took any money out and will get most of it back. Hopefully.
But this JubiRev? I wouldn’t touch it with a 100 foot cattle prod. Mostly because of everything I have learned here.
You don’t have good chances anyway. Some of your fellow networkers are a much bigger problem than this blog.
People BELIEVED penny auctions were extremely profitable. Have you ever heard anyone talking about “how extremely profitable” it is to give away other samples? 🙂
Another GUMP-factor is that Zeek called the payouts “Cash available”, not JubiBucks or JubiPoints. “Cash available” FEELS like real money, while JubiBucks feels like monopoly money.
And then we have “13 years in business, 3 million customers”, “Lexington, NC”, Troy Dooly and Network Marketing Business Journal, ANMP, several lawyers and advisors, compliance rules and all the other stuff.
And Paul Burks didn’t look like a scammer, but some of your fellow networkers both looks like and acts like serial scammers, e.g. in all the activities they have set up to prevent clawbacks.
That’s why much of MLM revolves around lead generation… recruit another generation of GUMPs to fund your “success”.
I’m really loosing alot of faith in your blogs Oz. It seems like every Company that Launches is a Ponzi or a Pyramid. Ive never seen you give not one single company a chance.
We are all struggling in this economy, and even though we do appreciate your reviews and heads up for alot of these companies that did actually turn out to be a ponzi or pyramid, but they are still good honest businesses out there that are trying to help people. And I know Jubirev JubiMax is one of them.
And you know what Oz, you do have a few valid points, but no company is perfect, and Jubirev is the closest to Perfect Ive found after years of doing Online Marketing etc.
So I’m in, and no matter what you say, it will be worth it, because there really isnt anything better out there.
Maybe you should right about Amway, Mary Kay and Avon in your next review, because those are giants that you can compare Jubirev to, not zeek rewards.
It’s not about “giving chances” to companies, it’s about reviewing their business models and compensation plans. My reviews and analysis don’t determine what a company is, that’s dictated by the company itself.
Like you I too have noticed the rash of Ponzi scheme/MLM hybrids that have launched following the “success” of Zeek Rewards. I have no control over what type of companies are launched in this industry.
There’s a lot of greedy owners out there looking to recapture the virtual money they saw generated in Zeek, they’ve convinced themselves that by calling a Ponzi scheme “revenue sharing”, that somehow they aren’t.
Unfortunately this means lots of Ponzi/MLM hybrids to review as they are launched one after the other.
Evidently there’s also a lot of greedy affiliates out there too.
No MLM company “turns out” to be a pyramid or Ponzi scheme. They either are or they aren’t, as dictated by their business model (flow of money) and compensation plan.
Right. Compare JubiRev to companies it has nothing in common with, or compare it to a $600M Ponzi scheme it shares a near identical business model and compensation plan with.
Keep cheerleading son.
JubiRev has been set up to attract former Zeek affiliates, but not the GUMPs Zeek attracted. GUMPs are the people making it profitable for networkers, they are paying a huge part of the bill.
Without the GUMPs as new recruits in your downline, you will be making money mostly from the loyal networkers you have there, the ones who followed you to the new opportunity. They will probably lose money.
I analysed it as a salesman rather than as a networker. A networker will check the compensation plan, a salesman will check the market, e.g. for how easy it is to recruit new members.
In Zeek, it was obviously very easy to recruit new members. People lined up outside Zeek’s headquarter daily with money in their hands. You didn’t have to struggle with buying leads.
JubiRev is missing most of Zeek’s GUMP-factors, all the small details you can use to make GUMPs throw money at you. Paul Burks is a former magician, and he was very skilled in identifying what people are willing to believe in, and implementing it into the business.
GUMP FACTORS IN ZEEK, SOME EXAMPLES:
RVG had a 13 year track record, 3 million customers. It wasn’t exactly 100% true, but people were willing to believe in it.
Paul Burks hired famous lawyers for extra credibility. He hired NMBJ / Keith Laggos, Troy Dooly and several other names in the business. Hiring some names doesn’t mean a business is legit, but people are willing to believe in it.
RVG was 100% American, using an American bank (until June 2012).
Paul Burks didn’t appear to be greedy or eager to enrich himself. I can’t say the same about the people fronting JubiRev.
The profit sharing system gave people the FEELING of real money. They could SEE how their balances grew from day to day, and SEE the different payouts collected as “Cash available”. “JubiBucks” and “Cash available” gives quite different feelings.
Most people believe penny auctions are extremely profitable, but that isn’t true if you only have very few real customers. But people were willing to believe in it. Zeek’s shutdown has changed that, people have become more careful. JubiRev has other types of businesses as “income sources”, but I have NEVER heard any GUMP telling me about how extremely profitable those businesses are.
Interesting take on things. I’m not an attorney, but Gerry Nehra is and he has been retained before the launch of JubiRev/Max.
As stated on his website “No Company that has retained this firm before launch has been shut down by a regulator. May be you should interview him and see why he is risking his reputation on JubiRev/Max.
And there’s where the bull**** comes in. Because almost all of JubiRev’s videos what’s being sold is itself, not its products (what are its products any way?)
If this is the best you’ve seen, then you have a very perculiar set of “best” criteria. Perhaps you’re not really looking for MLM, but rather “easy money”.
Nehra’s involved with JubiRev?
Oh dear god… /facepalm.
@K
The company hasn’t even launched yet. Of course the products haven’t been show cased. The first step is to get a sales force. The second step is to train the product.
This isn’t a retail store where you can go in and pull products off the shelf. Monday the 25th is the launch of the products. They do have a good lineup of products, but of course I’m sure you will trash that too.
The most important GUMP factor in Zeek was the SUM of all different factors. People simply couldn’t BELIEVE it was a scam once they were hooked.
It’s not about WHAT people do, it’s about HOW they do it, e.g. all the experience they put into it. JubiRev has focused too much on WHAT, and too little on WHY, HOW and by WHOM.
The other MLM penny auctions (e.g. Bidify) did the correct “WHAT” in replicating the penny auction idea, but they weren’t able to attract the huge number of ordinary people. Without ordinary people, it won’t be very successful.
Setting up a Ponzi scheme designed to attract networkers with huge downlines from a previous scam might sound like a good idea, but why would anyone want to do that? It will be like scamming your own partners, neighbours or family, your “friends in business”. That idea won’t be very successful for more than a short period of time.
Wow oz now you are slapping Nehra around. When will it quit. First off Nehra’s record stands. Any company that starts with Nehra has never been shut down by the regulators.
Sure there have been some that bring him on after it is too late. But the fact remains Jubi hasn’t launched yet and Nehra is on retainer. Think what you want too, but his record is what it is.
This is the same Nehra who certified AdSurfDaily wasn’t a Ponzi scheme in court, stood by the $600M Zeek Rewards Ponzi scheme and tried to recently tell me TelexFree isn’t a blatant Ponzi scheme, despite the fact that it guarantees investors a $20 weekly ROI paid out of new investor money?
Yeah… that’s some record.
I couldn’t care less who JubiRev have on retainer, their business model and compensation dictate what they are. At present it screams the shuffling around of new investor money to pay out existing investors.
Just like the “compliant” Zeek Rewards did.
There’s no such thing as “bringing him on after it is too late”. These schemes were Ponzis from the beginning and Nehra chose to represent them and claim their legitimacy anyway.
Ah, but you see this contains a serious caveat… He’s only referring to companies that hired him BEFORE it launched.
Did he tell you about Ad Surf Daily Ponzi (to which he testified in court that it’s NOT a Ponzi) and his involvement as attorney on retainer for Zeek Rewards?
Yes, those companies hired him AFTER they were launched. And JubiRev apparently hired him BEFORE it launched.
But do you really expect Nehra to be of sound judgement, after having been involved in not less than TWO Ponzi schemes?
How can you recruit a sales force if you don’t even have the product? Clearly your thinking is about all those POTENTIAL profits they are promising… in JuviBucks, not real dollars.
What do you even need products in JubiRev for?
Invest in JubiBucks, dump them on fake accounts and earn a daily ROI – with the percentage paid tied into how much new money was invested that day.
The small percent of successful MLM’ers are not ordinary people. I could go around my neighborhood (ordinary people) and ask them if they are in a MLM. The majority would tell me no. Yet they will go to walmart and buy there products so the stocker, cashier, managers and of course the shareholders get paid.
How much did they get paid from walmart “0”. So who just got scammed? No one. That is the expectation. In corp. America you just except the fact that you are going to make Walmart executives rich for shopping there.
In MLM you just want to have a piece of the pie. If I put a little work into it I can get a piece, If I put a lot of work into it I can get a bigger piece. In revenue sharing models everyone is sharing the success of the company (much like a co-op) Neither of these models are for everyone.
As far as Zeek goes it appears as though the model was flawed, because if everyone took out all of their daily earnings the company wouldn’t be able to pay. I dare say the same would happen at the banks, but those rules don’t seem to apply to them.
Trouble is it’s typical that “the success of the company” equates to “how much money new affiliates have pumped into the company”.
The daily percentage was based on how much new money was invested on any particular day, so the above is flawed.
The real problem was the scheme only worked if they could maintain a >100% ROI over 90 days in order to cover the generation of >100% VIP points over a rolling 90 day period.
As point balances grew, this became more and more problematic. VIP bids had to be bought with real cash, which Zeek didn’t have enought o pay everyone out with to keep the point balances growing.
I am so done with MLM, can never find a program that is “Legit” always living in fear a court appointed receiver will come knocking on my door wanting what little money I made to support my family back. Goodbye MLM
Sincerely,
Frustrated Ex-Networker
Good marketing speak, but in MLM, too many people believe all that “hard work” is about recruiting more GUMPS, not selling more products.
As you don’t have any products to push for Jubirev now, clearly you’re out recruiting more GUMPs.
In Zeek, the “everyone” was actually only a few, compared to all the others who only earned a virtual profit.
The so called “daily profit” in Zeek was imaginary numbers made up each day by Paul Burks. People shared an imaginary profit, and most people lost their investments rather than earning the expected ROI.
I’m not talking about the ideas Paul Burks and others tricked people into believing in, but about how it really worked.
A: In JubiRev, people are putting real money in as an initial investment, and are receiving JubiBucks and JubiPoints in exchange.
B: The JubiBucks can be used inside the network, e.g. to generate more JubiPoints. If anyone want to withdraw JubiBucks as real money, JubiRev has to use the money coming in under point A, the money coming in from the investors themselves.
JubiPoints and JubiBucks will grow, but the pool of money won’t grow if they don’t have any stream of money coming in from external sources (e.g. customers PAYING for something). In Ponzi schemes, the customers can be replaced by GUMPs investing in the program.
The GUMPs can of course be replaced by you and your own downline, e.g. by going “all in” and not withdraw anything.
If it’s difficult to recruit more new investors, the company will be drained for money when people start to withdraw real money.
It is obvious you need to study more to understand how the program works. Actually you aren’t the only one.
1. When people are putting real money in they are purchasing product. They are not investing in anything. The reason for the JubiBucks is that they can only be used on the JubiMax website instead of at walmart or other places.
I have a Walmart card that I can only use at walmart. I have to put in real money to use that walmart card. I am not talking about the walmart visacard either. It is the walmart card, much like a department store card like sears or JCPennies.
Once I purchase jubibucks I can now use them like real money on any of the products on the JubiMax site. I can also buy samples of the products offered on the site to share with others. If I do that then I will be given jubi points as an incentive for sharing the products with others.
You use the word investment as a manipulative word.
Everyone that goes into business whether in direct sales or any other business will invest their time, talent and money to attempt to create a successful business.
But no one in JubiRev or JubiMax is being offered a rate of return as a share holder in the company. The revenue sharing portion of the company is strictly commission based.
If the company doesn’t profit for the day then there are no incentive commissions to be given. As fare as JubiRev stating that they are going to pay out a certain amount of revenue sharing commission, that has not been stated. They have only stated that they will pay up to 50% of daily revenue, maybe more.
Without being launched yet, there is no way of even knowing what that will be. Having been in sales my whole adult life, I think it is a good idea to offer a bonus to the sales force. This happens in companies all over the country.
Take a Christmas bonus for instance. Where did that money come from? The company took it from profits and gave it in accordance to your position in the company. If you are the CEO obviously your bonus is the biggest.
So you can twist these terms around all you want to the fact remains a commission doesn’t translate into ownership. Revenue shares are commissions NOT ownership shares.
@James
1. You put money IN and get JubiBucks in return.
2. You give JubiBucks away to earn JubiPoints.
3. JubiPoints will pay you a daily profit in JubiBucks.
4. Repeat point 2 and 3 for 80-105 days
5. Withdraw some money
Point 2-4 won’t generate any MONEY. The fact that you can use JubiBucks to pay for something doesn’t make it equal to money.
Point #5 will fail if point #1 fails, if no new investors are putting any money in.
Point #2 – #4 can continue to work. Your JubiPoints balance and your JubiBucks payouts can continue to grow almost forever.
Compare JubiBucks to monopoly money rather than to a WalMart card? You pay real money for monopoly money, and can earn a daily profit in monopoly money.
After some time, you can exchange monopoly money and withdraw real money (if anyone has put in real money).
Correct. You have to put in real money, not monopoly money.
If you had accepted your customers to pay for the goods in JubiBucks, your salary would have been paid out in JubiBucks, too.
A company will need a stream of real money coming IN, normally from customers, to be able to pay anything OUT. JubiRev has a stream of JubiBucks being circulated and growing for 80-105 days.
Walmart is all around us and has physical goods you can buy.
What *can* you buy with JuviBucks?
And since you claim they are gift certificates of sorts, do you know the gift card laws in your state (or in Juvibuck’s state, whereever it is?)
Maybe you should focus on “Pointing Out Flaws” on your own blog that has hmmm, no visitors and get of OZ coat tails for once.
@James
Spare us the “you just don’t get it” marketing spiels chief.
Buy JubiBucks, dump on free customers and earn a ROI for 85-100 days or whatever it is.
It’s an investment, enough with the *winkwinknudgenudge* compliance BS.
Walmart isn’t an MLM company, fail.
Or you can dump them on fake customers and earn a daily ROI, paid out of new investments made by your fellow affiliates.
Irrelevant.
You dump the JubiBucks on fake accounts and they “register” them. Nothing is bought or sold so what commission?
The daily ROI is paid out of new investor (JubiBucks) money. JubiBucks alone is not a product, it’s a virtual currency with an attached investment scheme.
I’ve read affiliates discussing that JubiRev commissions are going to start being paid soon. Commissions on what? JubiMax isn’t even open yet but people still have JubiPoints…
Profits which didn’t come from investments into a Ponzi scheme.
Look son we’ve seen all the arguments before for Zeek Rewards. All that’s changed here is “sample bids” has turned into “JubiBucks”.
As was the case with Zeek Rewards, ultimately a spade is a spade and all this marketing BS, psuedo-compliance and wordsmithing amounts to nothing.
@Oz
Rather than spend the time (you probably would listen anyway). My advise to you is read the comp plan, study the products, then give an opinion. If you would join as a free member then you can get in the back office and all the news.
If you did that then you would know that when they were talking about commission, that they were talking about the products being sold.
Revenue sharing won’t start until later, probably end of April. And JubiPoints haven’t been awarded to anyone yet.
Already done and you’re reading the result of it.
Commission on what? JubiMax isn’t even open yet!
Please tell me what products affiliates are buying to generate commissions???
Of course not, have to build up the investment fund first.
It is hard for me to believe you are keeping up with the news and know what’s going on. Because if you had you would know that no commissions have been paid because no products have been purchased yet.
If you get on the company call tomorrow night you will find out when products can be purchased with JubiBucks.
All I’ve read is that affiliates are getting excited over being able to convert their invested JubiBucks into JubiPoints soon and get their daily ROI.
If that’s tied into the official launch of JubiRev, then that’s news to me. Of course it still doesn’t change the fact that revenue is added to the daily ROI pool once JubiBucks are dumped on customer accounts, as opposed to any products actually being purchased.
Purchasing products might generate additional revenue but it’s the affiliate funded JubiBucks that are going to bankroll early investor’s daily ROIs (the fundamental flaw with each and every MLM “revenue sharing” opportunity to date).
JubiRev tend to operate in secrecy and nobody seems to know when they’re actually going to launch. I work with information available to the public who, evidently along with most of JubiRev’s affiliates, appear to be currently in the dark (people asking about refunds here because JubiRev don’t make their refund policy public is just one example).
You yourself have only provided ballpark dates, nothing official has been made public yet as to official dates. I merely observed affiliates talking to themselves about getting paid “soon”.
But it has tons of people handing over real money to turn into JubiBucks or whatchamacallit because somebody (such as T. Lamont Silver) said they can earn $$$ without selling anything, by buying gift certificates for products that nobody even know what they are.
Promising large ROI on products nobody knows about, with unknown (but likely lousy) profit margin is known as a “get-rich-quick” scheme.
You’d think people would have learned after various Ponzi and pyramid schemes to be a bit more cautions, but there are always people like you who’s willing to jump in front hoping to “lead” others to follow, and benefit from the dregs as a result.
And your ad hominem insults are so lame, it demonstrates your own lack of understanding of the situation, that you had to resort to insults… because you can’t argue with evidence and logic.
Yep you said it….hearsay.
Right back at you. Nothing has been launched. Everything is hearsay and a bunch of promises.
@James
Not as far as the compensation plan and affiliate-funded JubiBucks investment scheme goes though.
Any hearsay is on a launch date and JubiMax, the rest has been made public.
Real Kule Ads Owner’s name is Chris Pearson. I know this because my credit card was charged twice and he finally called me back. He addresses himself as the owner.
Oz, with sincerity, I ask this:
Is there an MLM that you believe is compliant with SEC and FTC? If yes, which one(s)?
Any MLM company that doesn’t sell unregistered securities.
(asking for recommendations is offtopic, your due diligence is up to you)