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.
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.
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.
ABC Systems pays a 10% commission on funds invested by personally recruited affiliates.
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.
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.