Billion Dollar Mind Review: Religious affinity fraud gifting
Billion Dollar Mind fails to provide ownership or executive information on its website.
Billion Dollar Mind operates from two known website domains:
- billiondollarmind.io – privately registered on June 17th, 2024
- billiondollarmind.vip – privately registered on July 30th, 2024
Further research reveals official Billion Dollar Mind marketing videos hosted by Tracy Le Mont Silver and John Austin.
Silver, who refers to himself as “The Professor”, made a name for himself as a Zeek Rewards net-winner back in 2011. As per filed clawback litigation, Silver stole over a million dollars from Zeek victims.
After the SEC shut down Zeek Rewards in 2012, Silver uprooted his family and fled to the Dominican Republic.
There he doubled down on gaining Ponzi notoriety with BitClub Network.
BitClub Network’s co-founders were criminally charged and arrested in December 2019.
That same month BehindMLM came across Silver pushing 3 to 5 Years, a short-lived forex scam.
BehindMLM last came across Silver in 2021, this time promoting the collapsed Eclipcity Global Ponzi scheme.
John Austin is known to BehindMLM as co-founder of Free Mart and the Nugen Coin and Nugen Universe Ponzi schemes.
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.
Billion Dollar Mind’s Products
Billion Dollar Mind has no retailable products or services.
Affiliates are only able to market Billion Dollar Mind affiliate membership itself.
Billion Dollar Mind’s Compensation Plan
Billion Dollar Mind affiliates make gifting payments across twelve gifting tiers.
- Plan 10 – $10
- Plan 50 – $50
- Plan 100 – $100
- Plan 250 – $250
- Plan 500 – $500
- Plan 1000 – $1000
- Plan 2500 – $2500
- Plan 5000 – $5000
- Plan 7500 – $7500
- Plan 10000 – $10,000
- Plan 15000 – $15,000
- Plan 20000 – $20,000
These payments qualify Billion Dollar Mind affiliates to receive a percentage of funds gifted in by personally recruited affiliates:
- recruit an affiliate who gifts in at Plan 10 and receive $8
- recruit an affiliate who gifts in at Plan 50 and receive $40
- recruit an affiliate who gifts in at Plan 100 and receive $80
- recruit an affiliate who gifts in at Plan 250 and receive $200
- recruit an affiliate who gifts in at Plan 500 and receive $400
- recruit an affiliate who gifts in at Plan 1000 and receive $800
- recruit an affiliate who gifts in at Plan 2500 and receive $2000
- recruit an affiliate who gifts in at Plan 5000 and receive $4000
- recruit an affiliate who gifts in at Plan 7500 and receive $6000
- recruit an affiliate who gifts in at Plan 10000 and receive $8000
- recruit an affiliate who gifts in at Plan 15000 and receive $12,000
- recruit an affiliate who gifts in at Plan 20000 and receive $16,000
The MLM side of Billion Dollar Mind sees gifting payments from the second and fourth recruits on each tier passed upline. Note that these might be different affiliates per tier.
Also note that to qualify, the upline affiliate must have gifted in at the applicable tier. If the upline affiliate isn’t qualified, the gifting payment is passed up to the first qualified upline affiliate.
In turn, recruited affiliates must also pass up gifting payments from their second and fourth recruits.
Joining Billion Dollar Mind
Billion Dollar Mind affiliate membership is free.
Full participation in the attached gifting scheme costs $61,910.
Gifting payments within Billion Dollar Mind are made in cryptocurrency or Zelle.
Billion Dollar Mind Conclusion
There’s not much to Billion Dollar Mind. It’s an illegal gifting scheme hidden behind typical “donation” terminology.
Legitimate donations do not qualify you to receive gifting payments from subsequently recruited participants in a gifting scheme. Those are gifting payments.
You also might have noticed that only 80% of deposits into Billion Dollar Mind are passed on as gifting payments. You can probably figure out who keeps the remaining 20%.
In addition to soliciting gifting payments in crypto, there’s also a crypto funneling element on Billion Dollar Mind’s back end.
In the cited marketing video Tracy Le Mont Silver states;
Let’s say you’ve gone all the way through the plans … all of that FLARE that you’re getting is all flair that you use … spendable cash.
But let’s say right now if FLARE was going for … two cents [and] someone did a twenty thousand dollar donation that you were qualified for.
You got a $16,000 payout. Well with flair being at two cents that’s eight hundred thousand FLARE.
What’s our vision? BDM… I want you to have at least five million [FLARE]. Five to ten million, you wanna do more than that go for it.
Versus, this happening when FLARE’s at, let’s say, two bucks. Eight thousand flair. You see the difference?
FLARE is a publicly traded cryptocurrency. The specifics of Billion Dollar Mind funneling gifting participants into FLARE is unclear.
Gifting schemes investigated and prosecuted as fraudulent business opportunities by the USPS, FTC and DOJ.
Breaking down regulatory compliance, when you have participants paying participants in MLM you’re running a gifting scheme.
This business model renders whatever is attached to the model, digital marketing courses in this instance, irrelevant. Think of it like the old “but we have products!” pyramid scheme defense.
A recent example of a gifting scheme being taken down by US authorities is Blessings In No Time (BINT).
The FTC filed suit against BINT’s co-founders in June 2021. The DOJ followed up with criminal charges in November 2023.
Another example is 8 Figure Dream Lifestyle. Initially taken down by the FTC in 2019, the 8 Figure Dream Lifestyle defendants settled for $31.9 million in 2020.
The DOJ followed up with 8 Figure Dream Lifestyle arrests in January 2024.
Something else to note with Billion Dollar Mind is T. Le Mont Silver leaning heavily into religious affinity fraud.
Financial fraudsters are known to be an unscrupulous lot, but it is particularly loathsome when these white-collar criminals exploit trusting members of their own church or social circle to line their pockets.
Financial crimes based on bonds of trust—known as affinity fraud—occur throughout the United States but are especially prevalent in Utah, where members of The Church of Jesus Christ of Latter-day Saints too often are victimized by savvy fraudsters who claim to be just like them.
“These are greedy individuals who will stop at nothing,” said John Huber, the U.S. Attorney for the District of Utah, a lifelong resident of the state and member of the Mormon Church.
“What’s so disconcerting is that these criminals approach us at church or through associations at our work or referrals from friends. They are silver-tongued devils—wolves in sheep’s clothing who will take our money and we’ll never see it again.”
Silver might not be approaching people at church but the methodology of weaving religion throughout his fraud is the same.
As with all MLM gifting schemes, once Billion Dollar Mind recruitment dries up so too will gifting payments.
This will eventually cause a collapse, resulting in the majority of Billion Dollar Mind participants losing money.
Oh how the mighty have fallen. T Le Mont Silver has been a serial scam promoter for over a decade but he used to front the high end programs but it seems he hasn’t found a “good” one in years.
Now he’s abusing religion to pimp a blatant gifting scheme.
Much like himself, T Le Mont’s scams just get shittier over time.
Thanks for linking to the video OZ, it’s a pity I was at work and I forgot to turn the microphone off. But we got Tracy Le Mont Silver we also got them just 24 hours ago he must be getting a little bit grumpy now 😉
Should’ve seen the look on his face when I asked him it “Tracy Le Mont Silver” what’s his real name.
See: youtu.be/sOUTwf5NpZ8?t=6460