ABC Systems Review: Disner & Piccolo head up revshare Ponzi
ABC Systems provides no information about who owns or runs the business on their website.
The ABC Systems website domain (“theabcsystems.com”) was privately registered on February 15th, 2019.
Further research reveals Doniel Tiggs, a prominent ABC Systems promoter, claiming the company is headquartered in Hong Kong and headed up by CEO Joseph Che-Woo.
In the US there is also an ABC Systems Fort Lauderdale Training Center in Florida.
No information about Joseph Che-Woo is provided. The only mention of Che-Woo in relation to ABC Systems is on Tiggs’ marketing website.
Prior to ABC Systems, Tiggs was promoting the OnPassive/GoFounders pyramid scheme. Further back we’ve got Coinsinos, Crypto World Evolution, USI-Tech, World Global Network and Skinny Body Care.
Visitors to ABC Systems’ website are presented with information about Todd Disner and Felix “Phil” Piccolo.
Disner is credited as ABC Systems’ first Seven Star ABC Director. Tiggs also states he’s ‘the most honest, sincere, trustworthy and humble man you will ever meet‘.
This couldn’t be further from the truth.
The two companies Disner (right) associates himself within the MLM industry are Ad Surf Daily and Zeek Rewards.
Of Ad Surf Daily, Tiggs writes of Disner;
Todd’s 1st exposure to MLM was a company called Ad Surf Daily.
Todd joined through a friend and could not believe the success of this new advertising system that people were buying $10,000; $25,000 and $50,000 advertising packages even though people could get started for as little as a hundred dollars.
The success was so fast and so big the government came in and confiscated everything.
Computers, money and the owners were 70 years old. Nobody understood the model in fact if you really think about it.
Todd to this day believes Ad Surf Daily was just ahead of its time.
The reason the “government came in and confiscated everything”, is because AdSurfDaily was a Ponzi scheme.
Andy Bowdoin, owner of AdSurfDaily, was arrested in December 2010. He was charged and indicted on two counts of wire and securities fraud.
The DOJ alleged AdSurfDaily was a Ponzi scheme. Bowdoin plead guilty to the charges and was sentenced to 78 months in prison in August, 2012.
Despite Disner’s “ahead of its time” claim, Ponzi schemes like AdSurfDaily have been around since the 1800s.
Of Zeek Rewards and Disner, Tiggs writes;
Years later a friend of Todd Disner tells him about an internet bidding company ZEEK REWARDS.
Same issue Todd buys a few hundred dollars of bids and shares the program with a few friends.
He did two conference calls a week and never hyped anything and showed a very simple non hype simple presentation of how he started with just a few hundred dollars and proved to so many that the system was working, and people were being paid.
Todd only sponsored a few people mostly friends. He may have personally sponsored as many as a dozen or so people in total.
However, the dozen or so people turned into over a million people on his team who purchased packages for as little as $100 all the way to the maximum of $10,000.
He could not believe the success of this company located in a small town with people lining up around the Zeek Rewards office building that use to be a car dealership.
People were sending in and bringing in millions of dollars.
The local banks were upset because people were breaking their CDs and emptying their savings accounts and bringing their money to this old car dealership building that had over 50 people taking in money and processing orders.
Once again without notice the government came in took all the computers and seized the money (hundreds of millions) of dollars.
Once again, the owner Paul Burke was 70 and his wife had cancer and to this day does not know what he did wrong and why this was all happening.
Years later there is no evidence that Zeek Rewards was running a PONZI but just an incredible success story that was stopped in its tracks without notice.
Zeek Rewards is one of the most notorious MLM Ponzi schemes of all time.
The SEC shut down Zeek Rewards in August, 2012.
Regulatory investigations into Zeek Rewards revealed it was an $850 million dollar Ponzi scheme, and on the verge of collapse when it was shut down.
A far cry from Tiggs’ take that “Zeek was an incredible success story”.
Zeek Rewards’ owner, Paul Burks, was indicted on four counts of fraud in October 2014.
Burks argued his innocence and took the case to trial. A jury found him guilty on all four counts in July 2016.
In February 2017, Burks was sentenced to 14 years in prison. Contrary to Tiggs’ assertion, Burks knows exactly why he was sent to prison.
At this point you might be asking yourself why Disner (through Tiggs) is adamant AdSurfDaily and Zeek Rewards were legitimate businesses.
It’s because he was a top net-winner in both of them.
Disner escaped relatively unscathed financially in the AdSurfDaily bust.
When regulators went after Zeek Rewards however, Disner was named an insider and accused of stealing $1.8 million.
Despite having the opportunity to defend himself, Disner opted not too.
Subsequently, default judgment in the amount of $2.07 million was entered against Disner in July 2014.
Disner played dumb and tried to have the judgment overturned on the grounds
He was unaware that the time within which he had to reply had arrived, as he had not received any responsive pleadings from his co-defendants.
The court didn’t buy it on the grounds Disner was personally served and “failed to act with reasonable promptness.”
Disner’s appeal was denied in December 2014. Final Judgment was granted in 2016.
Having to return what he stole from Zeek victims plus interest obviously left Disner feeling bitter, hence the Ponzi denials.
Felix Piccolo (right) is better known by his alias Phil Piccolo. He’s another Zeek Rewards net-winner who stole over a million dollars from Zeek Rewards victims.
Seeing as Disner and Piccolo are both based in Florida, I’m going to go out on a limb and suggest they’re actually running ABC Systems.
The Hong Kong link is probably a shell company for money laundering purposes. Joseph Che-Woo, if he even exists, is likely just some frontman stooge Disner and Piccolo dug up.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
ABC Systems Products
ABC Systems has no retailable products or services, with affiliates only able to market ABC Systems affiliate membership itself.
The ABC Systems Compensation Plan
ABC Systems affiliates invest in advertising packages on the promise of a 200% ROI in 100 days.
- 1 Star Advertising Package – invest $500 and receive a $1000 ROI
- 2 Star Advertising Package – invest $1000 and receive a $2000 ROI
- 3 Star Advertising Package – invest $2500 and receive a $5000 ROI
- 4 Star Advertising Package – invest $5000 and receive a $10,000 ROI
- 5 Star Advertising Package – invest $10,000 and receive a 20,000 ROI
- 6 Star Advertising Package – invest $25,000 and receive a $50,000 ROI
- 7 Star Advertising Package – invest $50,000 and receive a $100,000 ROI
Note that affiliates must invest sequentially, starting with $500 at the 1 Star Advertising Package.
ABC Systems pays commissions when affiliates who’ve invested recruit others who do the same.
Recruitment Commissions
ABC Systems pays a 10% commission on funds invested by personally recruited affiliates.
Residual Commissions
ABC Systems pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
Investment volume is tracked across the binary team based on points.
Each ABC Systems Advertising Package investment tier generates an equal number of points.
E.g. a 4 Star Advertising Package investment generates 4000 points in the binary team.
Note that how many points are actually generated in the binary team is determined by how much an ABC Systems affiliate has invested.
If we use a 1 Star Advertising Package affiliate as an example, they are qualified up to 500 points per binary team investment.
This means that any excess investment volume points are not recorded.
E.g. if an affiliate in a 1 Star Advertising Package affiliate’s binary team invests in a 3 Star Advertising Package (2500 points), only 500 points are recorded for residual commission calculation.
With this restriction in mind, at the end of each day ABC Systems tallies up new investment volume on both sides of the binary team.
Affiliates are paid 10% of recorded investment volume on their weaker binary time.
Note that how much an ABC Systems affiliate has invested limits their residual commission earnings.
- 1 Star Advertising Package affiliates can earn up to $500 a day
- 2 Star Advertising Package affiliates can earn up to $1500 a day
- 3 Star Advertising Package affiliates can earn up to $4000 a day
- 4 Star Advertising Package affiliates can earn up to $9000 a day
- 5 Star Advertising Package affiliates can earn up to $19,000 a day
- 6 Star Advertising Package affiliates can earn up to $44,000 a day
- 7 Star Advertising Package affiliates can earn up to $94,000 a day
Paid on volume is then flushed from both sides of the binary team. Any leftover volume on the stronger binary team side is carried over the following day.
Note that residual commissions count towards the advertised 200% ROI paid on Advertising Package investment.
Joining ABC Systems
ABC Systems affiliate membership is tied to a minimum $500 investment.
Full participation in the ABC Systems MLM opportunity costs $94,000.
How much an ABC Systems affiliate invests directly impacts their income potential.
Conclusion
In researching ABC Systems I felt like I’d stepped into a time-machine. According to the company, network marketing “needs more Todd Disners”.
Todd Disner and Felix “Phil” Piccolo are relics of the MLM underbelly. They’re serial scammers who care about one thing – stealing as much money from as many people as possible.
And so we have ABC Systems, which is supposedly tied to an unnamed publicly traded pharmaceutical company.
Todd Disner is the one who suggested that The ABC Systems founders and leaders put up their publicly traded stock as collateral against all purchases so that if for any reason the ABC company did not fulfill the agreement to pay double the cost people would receive the unpaid amount in the publicly traded stock.
So, what happened with the thousands of people in Ad Surf Daily and/or ZEEK REWARDS will not ever happen with The ABC Systems.
Disner and Piccolo would have gullible investors believe this supposedly already profitably company is willing to fund a 200% ROI on ABC Systems investment packages.
Because y’know, that’s how legitimate businesses work.
There’s a reason the company isn’t named, nor who’s behind it (along with the Hong Kong Joseph Che-Woo rubbish).
Sitting at the top of ABC Systems compensation plan are one or more admin positions held by Disner and Piccolo.
Through these positions they will receive the majority of invested funds.
Between AdSurfDaily and Zeek Rewards, ABC Systems is closer to the former – but it’s the same Ponzi scam regardless.
You invest your money and Disner and Piccolo steal it. A few early adopters will make a bit of change but Ponzi math dictates the majority of ABC Systems investors will lose money.
For those of you gullible enough to believe there really is a pharmaceutical company providing ROI revenue, there’s still securities fraud to consider.
Through offering a passive investment opportunity, quite obviously ABC Systems’ MLM offering constitutes a security.
At the time of publication neither ABC Systems, Todd Disner, Felix Piccolo or Phil Piccolo are registered with the SEC. You can verify this yourself by searching the SEC’s Edgar database.
That means the business opportunity constitutes the offering of an unregistered security, which is illegal.
So either you lose money when ABC Systems inevitably collapses, or regulators will once again step in to shut Todd Disner and Felix Piccolo’s scamming down.
One can hope it’s the latter, complete with Andy Bowdoin and Paul Burks style prison sentences… but I’d be remiss to not acknowledge it’s more than likely just going to be the former.
It is nice to be out of the closet to protect my name and what I am doing. Actually in this article ABC addresses Todd Disner regarding Ad Surf Daily and Zeek Rewards.
BehindMLM is a ghost author so you can not really serve them or sue them for false information.
Just like they have a huge article regarding VISTA SUES PHIL PICCOLO. Well there is NO PHIL PICCOLO. His name is FELIX PICCOLO and Mr Felix Piccolo said NO MORE… Go ahead say something defaming my name and I will sue you.
(Ozedit: derail attempts removed)
No it doesn’t. AdSurfDaily and Zeek Rewards were Ponzi schemes. Todd Disner stole money in both and had to pay back his victims $2.07 million.
This is all documented in court filings. Disner might not want to admit his failings as a scammer but that doesn’t change the facts.
By all means feel free to point out actual false information and we can go from there. Otherwise you’re just blowing hot air.
Sure there is. You’ve been using the alias for years. Among others too I believe.
No need. The facts surrounding you and Disner are damning in and of themselves.
ABC Systems is a Ponzi scheme and through it, you and Disner are committing securities fraud.
scammer meltdowns = always funny
I was about to join and so thankful that I didn’t after reading this article u saved me from being scammed of $500 truly appreciate it.
PHIL PICCOLO: Per the below arrogant statement you made, your nothing but a chronic fraudster that have stolen millions of dollars.
from innocent victims and you should be behind bars. Your nothing but a real POS…..
So let me get this straight. Now you aren’t Phil Piccolo any more but Felix Piccolo. I guess this means that you are also no longer using: Felice DeAngelo, Johnny d’Angelo, Johnny Dangelo, Phillip Angelo P., Joseph Stevens, Don Johnson, John Nocton. Did I leave any out?
Filing taxes must have been a real chore. You did file taxes on all those names from the money you stole in all the Ponzi’s you ran or were in, right?
Gotta love the attempt to now be a Saint. Protect your name? Seriously? But Defame your name and you’ll sue….priceless! Your past already defamed your name and you did it to yourself. God you are too funny!!
Forgot one: Warren Anthony. Didn’t want to short change your aliases Phil/Felix or whomever you are now.
Assuming that none of the above comments are the subject of defamation proceedings or a Norwich Pharmacal order (or whatever the equivalent is in BehindMLM’s jurisdiction), I suppose we can take it as read that they aren’t defamatory.
ABC SYSTEMS also known as letsgoabc is the same company owned and “operationally” managed and run by the great Picle Felice who VISTA is going to make sure get jail time next 48 months maximum.
So the attractive website and back office is handled by his partner Kevin Dalton Johnson who lives only a few miles from the Picle’s house.
VISTA TECH LLC slammed their previous scam “TRAVELADA” with a FEDERAL LAWSUIT just 5 months ago and TRAVELADA tanked and collapsed. So, Picle and his best friend living a few miles away Ms. Kevin meet everyday and decided to drop TRAVELADA because they got exposed from the lawsuit and launched a new scam called ABC SYSTEMS or letsgoabc.
Very easy for them to do this because Ms. Kevin his best friend in crime has a software thats ready to go and can make website in a few days.
You see that is Kevin’s job. Kevin prepares the software for the team and Picollo starts hitting the phones and webinars and does the marketing hoping to attract the the naive MLMer who hasnt gotten burned by him yet.
So people join him not even having any idea how dangerous this team of professional polished online scammers are.
To make it more appealing they have brought this idiot who looks like a donkey’s face Todd Disner advertising him as the founder of Quiznos? WHO the F Cares? Another trick to lure people in, into their spider web before they slaughter them and take their monies.
I can tell you people we have done alot of research spent of 6 figures in just this past short months and done alot of research and this group of scammers. This is not their first rodeo of scams and that list is so big you would wonder and ask WHERE IS THE FBI? They need to put these people to rest.
VISTA is committed and promises to bring these people to justice. If anyone is reading this be very cautious mark my words you will come back a short few months 5 months from now and tell me Armen you were right. Mark my words.
It is a social responsibility for any and any company to protect consumers from these people who operate in your space. That’s why VISTA is committed to the truth and in bringing these clowns who operate like this and hurt people.
Again i must say another great job of accurate and on point reporting by Mr. OZ. impressive sir.
Armen A. Temurian
CEO VISTA TECHNOLOGIES LLC
What I found fascinating is that Phil, err Felix, only objected to Todd Disner being called out for the Ponzi pimp he is, not anything to do with the review of ABC Systems and it being a Ponzi and his involvement.
So thanks Phil, err Felix, for confirming ABC Systems is a Ponzi and you continue to be a Ponzi pimp.
VISTA DID FILE THE AMENDED COMPLAINT A FEW DAYS BACK AND REQUESTED FOR YOUR HONOR TO OVER TURN SOME OF HER RULINGS FROM LAST WEEK’S SURPIRSE RULING.
We will see soon if Piccolo will be parading like he did last week soon when or if its ever over for him.
Right now he is milking the cow with this monkey Disner who has a pattern of fraudulent Ponzi and pyramid history we documented by Mr. OZ and which Disner never contested which means he did do those things as OZ reported.
Here is the icing and What surprises me the most biggest: this other idiot named “Doniel M. Tiggs” (another example of a so called “successful” brainless network marketer and bate) who is doing webinars and videos on youtube for Piccolo edifying his “leader” and saver Felice (who in reality actually owns this ABC online Systems scheme).
What you don’t understand Doniel Tiggs is that when the FEDS show up one day soon and raid these guys I predict you will probably go down with them because right now it looks like you are a company level participant.
Guilt by association amongst some of your mistakes. Feds don’t care if you didn’t know and you will be running around hiring attorneys calling your friends to try clearing your name.
Don’t ever say nobody didn’t warn you!
Armen
I’m a member of the abcsystems. I now do believe this is a scam. I’m not able to get a hold of anyone for the longest time.
On the dashboard back office there is no link for support. I’ve tried to communicate through the phone that they have listed on the term and policy section, but it just keeps playing music with no indication of a real company.
I also tried communicating with the Travel website they promote through the (abcsystems dashboard) social responsibility link.
I submitted a ticket asking for answers and the next day, they deleted the ticket submission link.
I want to know if you have any latest updates from this abcsystems scam.
Thanks,
Elida Cardenas
Latest updates: ABC Systems was a scam from day one. You invested in a Ponzi scheme and your money is gone.
This is how Ponzi schemes play out. Sorry for your loss.