100K Race Review: Gifting through Elite Legacy Creators
There is no information on the 100K Race website indicating who owns or runs the business.
The 100K Race website domain (“100krace.com”) was registered on March 7th 2016, with Darcy Allen (right) of Elite Legacy Creators listed as the owner. An address in the US state of California is also provided.
The Elite Legacy Creator website is little more than a splash page. So reads the Elite Legacy Creators motto, “success is our oxygen… failure is not an option”.
An Elite Legacy Creators presentation dated 2nd of March 2016 states the company
is an exclusive private membership club which provides a supportive environment for like-minded business people.
The only two public videos on the Elite Legacy Creators YouTube channel are marketing videos for 100K Race, suggesting it is the first opportunity launched within the Elite Legacy Creators brand.
Darcy Allen meanwhile appears to be an MLM Ponzi veteran.
Read on for a full review of the 100K Race MLM business opportunity.
The 100K Race Product Line
100K Race has no retailable products or services, with affiliates only able to market 100K Race affiliate membership again.
The 100K Race Compensation Plan
The 100K Race compensation plan sees affiliates gift payments of $10 to $640 to eachother.
These payments are tracked through a 4×4 matrix.
Each initial $10 gifting payment creates a position at the top of a matrix, with four positions directly under it:
These four positions form the first level of the matrix, with the second level generated by splitting each of the first level positions into another four positions each (16 positions).
The third and fourth levels are generated in the same manner, with a complete 4×4 matrix housing 340 positions.
Positions in the matrix are filled via gifting payments made by other 100K Race affiliates.
Once a level of the matrix is filled, an affiliate must make a larger gifting payment to the affiliate who recruited them to unlock the next.
- $10 gifted to the recruiting affiliate unlocks level 1, qualifies an affiliate to receive four $10 gifting payments ($40)
- $40 gifted to the recruiting affiliate unlocks level 2, qualifies an affiliate to receive sixteen $40 gifting payments ($640)
- $160 gifted to the recruiting affiliate unlocks level 3, qualifies an affiliate to receive sixty-four $160 gifting payments ($10,240)
- $640 gifted to the recruiting affiliate unlocks level 4, qualifies an affiliate to receive two hundred and fifty-six $640 payments ($163,840)
Joining 100K Race
Affiliate membership with 100K Race is tied to at least one $10 gifting payment.
Full participation in the 100K Race compensation plan requires a total of $850 gifted to the affiliate who recruited you (upline).
From the 100K Race FAQ:
Do I receive any commission from 100krace.
No all payments are from seller to seller.
With nothing being marketed or sold to retail customers, 100K Race is a cash gifting scheme wherein affiliates make payments to other affiliates.
These payments are made for the sole purpose of qualifying to receive payments from other directly or indirectly recruited affiliates. That’s pretty much all there is to it.
It’s typical in matrix-based gifting schemes that the admin and early adopters set up a bunch of pre-loaded positions. Such is the nature of matrix-based gifting scheme that these positions are mathematically guaranteed to receive the lion’s share of gifted funds.
In 100K Race, these early positions are more than likely held by Elite Legacy Creator members. This will have been set up before 100K Race was opened up to the public.
Of particular concern are the attempts by Darcy Allen and Elite Legacy Creators to fly under the regulatory radar.
In the previously referenced Elite Legacy Creators presentation dated March 2nd, the following warning is given to affiliates:
No audio and no video records at any time during meetings, opportunity presentations or events without the written consent of Elite Legacy Creators.
No posting of any presentation materials on video sites or any form of social media, nor email without the expressed written permission of Elite Legacy Creators.
The presenter goes on to mention the requirement that only “like-minded individuals” be prospected.
“Like-minded individuals” is MLM underbelly code for “scammers”.
Getting back to 100K Race, as with all such schemes once recruitment dies down, so too will gifting payments made within the scheme.
That triggers a collapse, leaving the majority of participants out of pocket.