Armstrong Energy Review: Oil company hijacked for Ponzi
Armstrong Energy is run by persons unknown. The company information presented on its website is hijacked from Armstrong Oil and Gas.
Armstrong Oil and Gas was founded in 1984 and is headed up by Bill Armstrong. The oil exploration company is based out of Denver, Colorado.
Armstrong Energy essentially has cloned Armstrong Oil and Gas, at least on paper,and presented it as one and the same.
Armstrong Energy represents it is also headed by Bill Armstrong. Photos and marketing copy appearing on Armstrong Energy’s website has been plagiarized from coverage of Armstrong Oil and Gas.
Armstrong Energy’s website domain (“official-aellc.com”) was privately registered on December 19th, 2019.
In an attempt to appear legitimate, Armstrong Energy provides a corporate address in Anchorage, Alaska on its website.
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.
Armstrong Energy’s Products
Armstrong Energy has no retailable products or services, with affiliates only able to market Armstrong Energy affiliate membership itself.
Armstrong Energy’s Compensation Plan
Armstrong Energy affiliates invest funds on the promise of advertised returns:
- Beginner – invest $2500 to $9999 and receive a 160% ROI over 30 days
- Basic – invest $10,000 to $14,999 and receive a 175% ROI over 35 days
- Advanced – invest $15,000 to $24,999 and receive a 192.4% ROI over 37 days
- Premium – invest $25,000 to $34,999 and receive a 210% ROI over 40 days
- Elite – invest $35,000 to $49,999 and receive a 218.4% ROI over 42 days
- Superstar – invest $50,000 to $200,000 and receive a 238.5% ROI over 45 days
A 25% investment bonus is credited to Advanced and higher tier affiliate investors.
Armstrong Energy solicits investment in USD and several cryptocurrencies.
Armstrong Energy pays referral commissions on invested funds down three levels of recruitment:
- level 1 (personally recruited affiliates) – 10%
- level 2 – 2%
level 3 – 1%
Joining Armstrong Energy
Armstrong Energy affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $2500 investment (USD or crypto equivalent).
From its company name, formation and business model, everything about Armstrong Energy is fraudulent.
There aren’t any actual ties I can see between Armstrong Energy and Armstrong Oil and Gas.
Given that, the implication that Armstrong Energy’s returns are tied to energy revenue is baloney.
Armstrong Energy’s business model is that of a Ponzi scheme. You sign up, invest and are paid returns out of subsequently invested funds.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will ROI revenue.
This will starve Armstrong Energy of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Whether that happens before Armstrong Oil and Gas catch wind and take action is another story.
Wow. They actually put the word “official” in their URL. This is some bush-league scammery.