Craddock to reveal “really good” rev-sharing opp
Whether pegged to penny auctions, third-party travel affiliate deals, advertising credits, ebook libraries, health and nutrition products, casinos or what have you, for the most part the MLM “revenue-sharing” niche is dead.
Bar a few offshore companies based out of Hong Kong still taking affiliate investments, every other revenue-sharing based MLM company has either collapsed, stalled or voluntarily shut themselves down.
The reason for this of course is the SEC shutdown of Zeek Rewards, which pretty much cemented that the offering of revenue-sharing points in exchange for money, regardless of how it was described, boiled down to nothing more than a Ponzi scheme.
Under the MLM revenue-sharing model affiliates pump money into the scheme under a variety of guises, with affiliates who have previously deposited money into the scheme receiving a share of this money, typically by way of a daily payout (ROI).
Retail is usually attached to the model, however if affiliates are able to fund themselves is a negligible source of revenue, regardless of the product or service the opportunity attaches itself to.
On the rare few occasions a company has prevented affiliates from funding their own points, we’ve seen a general lack of interest from the industry and subsequent stalling (lack of revenue to pay out to those that participate) or outright failures (a previous incarnation of Bidify that was quickly dropped comes to mind).
Despite all of this however there are those that would have you believe the model is still viable.
Secret patents that will provide ‘the right combination of legal and excitement‘, and also protect ‘protect the hard work, legal dollars and teams that have invested so much‘ into the model.
Zeek Rewards CEO Paul Burks was notorious for claiming the act of him personally deciding how much of a daily ROI percentage he would pay out each day was a “proprietary secret”.
Here we go again…
In the latest ZTeamBiz email, dated October 29th, Robert Craddock reveals an upcoming revenue-sharing MLM opportunity he’s “real excited” about.
The company I’m real excited about is one the owner has a 30 year plus history in this industry, has a huge personal wealth prior to starting this company, employed quality teams in legal, web design, operations and customer service that is top notch.
I’m asking for a corporate bio from them and will be posting it sometime next week, as I want to provide only the facts and not fluff.
Other than the filing of super secret patents however, Craddock fails to directly address or explain how this latest revenue-sharing opportunity will not just be yet another MLM revenue-sharing investment opportunity failure.
What Craddock (right) does reveal however is that he’s
had the opportunity to review the program, meet with the owner, speak with most all the key leaders and have even discussed the key parts with several attorneys that specialize in SEC litigation.
Right. Meanwhile here’s the real take away from Craddock’s update:
This new compensation program is one the SEC is unaware of and
can confuse it as the sale of unregistered securities.
The SEC merely “confusing” the shuffling of affiliate money via a Ponzi points compensation plan as mere “confusion” with that of a Ponzi scheme, how convenient.
The fact of the matter though is that, regardless of how they do it, if this new opportunity takes affiliate money and simply shuffles it around to those who have previously deposited money, via way of a points based system, it too will nothing more than a thinly disguised Ponzi scheme.
The only people who would appear to be confused about this are Craddock and anybody else who hopes the SEC will look at things differently a second time around.
Taken from various paragraphs in Craddock’s updates, I’ll leave you with one last “moment of zen”:
Now that 14 months have passed from that dark day in August 2012, we can all count the companies that sprang up, promised the world, compared themselves to Zeek and in the end they took a lot of money, and have closed up, leaving a lot of people shocked and confused.
There is one company that popped up that on the surface sounds like a great idea, captured everyone attention with the catchy videos, materials, and compensation plan.
This company duped many including myself and the ones left are like the kids still thinking Santa is going to come down the chimney on Christmas night.
Well if we just looked close enough we would have seen the owners have criminal records, a history of defrauding good people, a published corporate office that if you pull it up on Google earth it is nothing more than a private mail box store, and last and this is a big one, no one outside of a handful of people have even been to their office which measures close to 16 X 25 about 400 SQ. FT.
Now that would not be that big of a red flag as this is a startup and everyone on has to start somewhere, but the biggest flag is the number of people that have requested a refund and after months of stalling tactics the people are still waiting.
I guess some people just never learn…
Update 8th November 2013 – No upate from Craddock this week on his “really good” opportunity, however he has extended a rather curious offer:
Folks, most of you are waiting for the claims process the receiver for Rex Venture Group has started. Others are looking for new opportunities.
For the ones that are looking for information to complete the claims process with the receiver, like missing username or email used with Zeek Rewards. I wanted to extend an offer to assist anyone here with that request.
If you email me at (email removed) and clearly state your request, I will be glad to assist you. I need your name, address used when you signed up for Zeek, and email you may have used.
We will cross reference our database and 99.9 % of the time I have that data and can provide you the username or multiple usernames you may have used for Zeek Rewards.
I wonder if only those who send in an email get pitched on anything. And I also wonder whether the Receiver knows Craddock has a “99.9%” complete Zeek Rewards database… perhaps it might be of some use?
Ok, so revenue share based on sales linked from your group / downlines = Ok.. Revenue share based on money spent only and not on sales from downlines = Jail time.. Yikes
Calling Mr Craddock, Mr Robert Craddock,
A Mr. Troy Dooley called and asked if you could return his copy of “The HYIP Ponzi Apologists Handbook” as soon as possible,
HYIP scammer Frederick Mann of JSSTripler/JustBeenPaid had this delusion. The general thought that a patent/trademark remedies everything is fairly common among antigovernment crackpots and “sovereign citizens.”
Interesting that Craddock would mention Santa. The patent delusion is comparable to the “Miracle on 34th Street” fallacy — however entertaining it may be.
In the famous Christmas movie, “Kris Kringle’s” lawyer “proves” not only that there’s a Santa, but that his client is Santa because the Post Office permitted children to address mail to Santa and delivered mail addressed to Santa to Kris. Under this theory, the Post Office recognized Kris as Santa, and since the Post Office “acknowledged” Kris as Santa by delivering mail, it therefore followed that the court would, too.
And it did!
It was beautiful Hollywood asymmetry that kept Santa alive in the eyes of billions of children worldwide and helped the judge escape the untenable political fate of being the judge who destroyed Christmas by having Santa permanently committed.
Not sure what Craddock’s patent claims will prove to be. But in the crackpot HYIP sphere, the “patent” argument has fallen along these lines:
* HYIP X is using a piece of software or a system that was approved for a patent by the U.S. government.
* By issuing the patent, the U.S. government has given its blessing to the software or system.
* It therefore follows that:
A. The HYIP can’t be a scam because it’s using a government-vetted piece of software and/or system.
B. If A is ignored, the government is guilty of applying a double standard if it acts against a “program” using such software or system, making the government a Nazi or Socialist demon or both.
The ultimate dream of the crackpot wing is to create a situation that is so utterly convoluted or politically untenable that a judge in an HYIP case will act like the “Miracle on 34th Street” judge.
Judging that the only PROVEN employment of Craddock was with FHTM and Zeek (as per his own LinkedIn profile before he took it offline), I doubt he can find a good opportunity even with a spotlight pointing the way.
Whatever happen to Offerhub ? Didn’t work out? LOL
I’m not sure if OfferHubb is the company Craddock is referring to in his update. It’s either that or AdWallet, which I wasn’t aware Craddock had invested in (don’t think it’s JubiRev or GFP).
Selling time share apartments, Zeek Rewards and the FHTM pyramid fraud.
Being a mere colonial, I’m not completely familiar with baseball terminology, but couldn’t Mr Craddock be described as being “0 for 3“ at the moment ??
Nope, it is called “3 and out”.
I think Rev-Share model is done and over with. Illegal too I believe and He won’t be able to get anyone to buy into that since they are all doing DS Domination at the moment.
As to which I have no clue why everyone is doing DS anyway. Could that get saturated at some point ?
On the affiliate recruitment side of things, sure – that pays out on membership fees.
eBay saturation is also possible, although it will take much longer. I imagine eBay buyers wakingup to being ripped off by Amazon dropshippers will happen faster than DS Domination affiliates undercutting themselves on commonly listed Amazon products (and they’re not the only ones listing them either).
It’s one of those things where the more people do it the more problematic it becomes.
I will be surprised if it is played out already. New ‘companies” will be based oversees centric, but they will be still able to scam people in US.
Mr Craddock is consulting for BTG180 I hear…Is this good?
What can you comment on them? As I am not sure about this…
I’m wondering if the “new exciting company” he’s referring to is AAA marketing. That’s the one my in-laws got into which was a very new startup MLM based out of somewhere in Missouri IIRC. They got into that after Blue Bird Bids went tits up, which they got into after Zeek was shut down.
Unfortunately I’m not able to find much online about this company, so it may not have launched yet, but I was wondering if ex-Zeekers were getting into it like they did other dubious MLM’s.
Update to my post I just made… I did find a website that apparently went up somewhat recently at aaamarketingrewards.com.
I don’t know if that’s the actual website for the business my in-laws got into or not, but one thing caught my eye at the top of the page, and that was a link to AAA penny auction. So it looks like the old penny auction/MLM scam just won’t die.
BTG180 was the relaunch of failed penny auction MLM company Bids That Give. Only when I looked into it they’d only changed the name, business model was the same.
You know the deal, affiliates buy “wholesale bids” (now “BizBucks”) and get points. Points determine how much of a share of the “daily profit pool” an affiliate gets, paid out of course of newly invested affiliate money.
There was a big recruitment push into Brazil some time ago (surprise surprise), however as a whole the company hasn’t really seemed to have gone anywhere.
I’ve added them to the review list.
Taken from the AAAMarketing website though in the meantime:
The latest MLM scam is always thus promoted as “exciting” (yawn) sprinkled with some unquantifiable crapology such as “Online traffic doubled last year” i.e. AAA Penny Auction.com, their E-Commerce company.
Top it off with this ambiguous crap statement that “online auction experience is the future for online shopping and entertainment.” How long before we hear an MLMbot spewing that crap swearing it to be the gospel truth?
If anyone is stoooopid enough to fall for this they deserve whatever they have coming to’em.
Read somewhere that “A wise man proportions belief to the evidence.”
– David Hume
Thanks for doing the review on AAA marketing, Oz. Looks like another pyramid/ponzi scheme possibly getting ready to sweep the country. I don’t know how successful they’ll be after Zeek, though.
Article updated with Craddock’s latest offer. No news on his “really good” opportunity.
The only ones who haven’t filed claim are the ones who got held up by their bank. Nobody else should be filing any claims.
Somebody is bull****ing, IMHO.