Bitcoin Frontiers Review: Two-tier bitcoin gifting scheme
The Bitcoin Frontiers website provides no information about who owns or runs the company.
In fact the website itself is nothing more than an email capture landing page.
Visitors to the Bitcoin Frontiers website through an affiliate referral link, are told they can make “$1000+ A DAY with bitcoin”.
The Bitcoin Frontiers website domain (“bitcoinfrontiers.com”) was privately registered on October 14th, 2018.
Further research reveals that a few months ago, Clay Montgomery was seeking a freelancer artist to create logos for Bitcoin Adventurer and Crypto Mastery.
These are the two buy-in gifting tiers for Bitcoin Frontiers.
This lead me to confirm Clay Montgomery is behind Bitcoin Frontiers, and apparently he’s working with Franco Gonzalez.
Clay Montgomery (right) first appeared on BehindMLM’s radar in 2017, as admin of the short-lived Speed Feeder Ponzi cycler.
Outside of his own launches, Montgomery is a serial promoter of various MLM underbelly scams. These include Digital Altitude and Exitus Elite.
Judging from Bitcoin Frontiers bitcoin theme, it seems now Montgomery is focused on cryptocurrency scamming.
Update 7th April 2019 – Whereas Clay Montgomery represents he is based out of Oklahoma in the US on his personal social media profiles, turns out he’s relocated to the Philippines.
Montgomery moved to the Philippines to meet a local he met online on or around December, 2018.
Note the above video has since been deleted or marked as private.
I was able to confirm however that as of March 31st, 2019, Montgomery is still residing in Quezon City, Philippines (in or around Eastwood City). /end update
Franco Gonzales (right) first featured on BehindMLM in 2011, as part of the AutoXTen Ponzi cycler collapse fallout.
At the time Gonzales was working closely with Jeff Long, leading to the launch of the SMS Dailys pyramid scheme shortly after AutoXTen’s collapse.
These days Gonzales markets the various schemes he’s in through his “Franco Simple Freedom” team.
Read on for a full review of the Bitcoin Frontiers MLM opportunity.
Bitcoin Frontiers Products
Bitcoin Frontiers has no retailable products or services, with affiliates only able to market Bitcoin Frontiers affiliate membership itself.
Bitcoin Frontiers affiliate membership provides access to two cryptocurrency courses:
- Bitcoin Adventurer for $350 and
- Crypto Mastery for $1250.
As of late February, Bitcoin Frontiers was accepting $1250 payments for Crypto Mastery despite the course having no content.
The Bitcoin Frontiers Compensation Plan
Bitcoin Frontiers affiliates sign up and gift bitcoin payments of up to $1250 to an existing Bitcoin Frontiers affiliate.
This payment in turn qualifies the affiliate to receive gifting payments from subsequently recruited Bitcoin Frontiers affiliates.
Gifting payments within Bitcoin Frontiers are $250 and $1250.
Payments are made in bitcoin and tracked via a perpetual pass-up model. This model is tracked via a unilevel team.
Since Bitcoin Frontiers is a gifting scheme, $250 and $1250 payments pass between affiliate participants.
The pass-up model sees the second gifting payment received on either tier passed up. Then the fourth and every fifth gifting payment thereafter.
Note that the $250 and $1250 payments operate as separate tiers.
If a Bitcoin Frontiers affiliate has not gifting in $1250, any $1250 gifting payments by those in their downline are automatically passed up to the first $1250 tier qualified upline.
Joining Bitcoin Frontiers
Bitcoin Frontiers affiliate membership is free.
To participate in the attached MLM opportunity however, $1250 in gifting payments plus a $100 admin fee is required.
Note that all payments within Bitcoin Frontiers (both paid and received) are in bitcoin.
Conclusion
That Bitcoin Frontiers is your typical old school gifting scheme shouldn’t come as a surprise, given how long those behind it have been running and participating in MLM underbelly scams.
In essence, you sign up for $350, and either gift in an additional $1250 later or just get it over and done with for $1350 outright.
Of the $1350 you gift in, $100 is kept by Clay Montgomery and Franco Gonzales. The remaining $1250 is gifted to existing Bitcoin Frontier affiliates.
Rather than refer to Bitcoin Frontiers for what it is, an illegal cash gifting scheme, the company touts “100% commissions”.
Be among the first affiliates to share our brand new 2019 Bitcoin educational package and Earn 100% Commissions, paid Instantly, direct to YOUR personal Bitcoin wallet!
“100% commissions” has long been code among MLM underbelly circles for gifting.
Interestingly payments within Bitcoin Frontiers are being processed by Coin Payments.
Coin Payments recently featured on BehindMLM, after Power Bot admin Aidan Parr blamed them for the collapse of his Ponzi scheme.
As I understand it Coin Payments have stated they’re no longer accepting bot-based Ponzi schemes after the Power Bot collapse. However they don’t seem to have a problem with illegal gifting schemes like Bitcoin Frontiers.
It might be a bit too early to call it, but evidently Coin Payments is emerging as the new darling crypto processor for the MLM underbelly. Well, at least until authorities catch up with them (think Liberty Reserve, Payza and whoever is next).
But I digress. Bitcoin Frontiers being a gifting scheme means those that get in early and recruit will make most of the money.
Once recruitment inevitably dies, that’ll be the end of it.
Mathematics guarantees that in order for your Clay Montgomerys, Franco Gonzales’, Ari Maccabis, Mack Mills’, Michael Mansells and other serial scammers to make money, the majority of Bitcoin Frontiers affiliates have to lose it.
Your best bet at that point will be to approach Coin Payments and demand a refund, although I don’t like your chances.
Clay has fled the USA and is living in the Philippines. Hey- At least the Philippines has an extradition treaty with the US! =)
Confirmed and added an update to the review.
Montgomery’s relocation to the Philippines is significant. In addition to having to deal with bitcoin you’re going to have to track him down in the Philippines when Bitcoin Frontiers inevitably collapses.
Additional info received via email (unconfirmed):
Clay Montgomery has been in some of the sleaziest 90-day programs over the last 5 years. Of course he’s not filed taxes, left his customers hanging, and has now fled the country. He can’t meet a legitimate woman in the USA. Sad.
It all adds up. Thanks for your work on this, Oz.
Is there a governing body who can get them shut down and get the funds back?
The Philippines has an SEC but I wouldn’t hold my breath.
The $350 product is a scam, although you give a reasonably accurate account of that product here, the sales video promises a lot more, in fact it promises detailed trading information to make money on bitcoin - this is not true.
All you get is some basic general information on bitcoin which you could find it 5 minutes online - plus of course you get the opportunity to send others to that same sales video making bullshit promises and get them to pay $350 thinking they will get detailed bitcoin strategies, so you get a big commission for conning them.
if you complain about the fact you are not getting what you paid for, you get banned from the group and no refund - avoid at all costs.
If anyone wants more information I have screenshots of the sales video and the backend membership area to prove everything I say. If anyone is interested in finding out the truth about this just let me know and I can help.
Clay Montgomery has a new scam now called Affiliate Advertising Club.
Yeah it’s the old adcredit Ponzi model. Wasn’t MLM when I looked into it though.
Affiliate Advertising Club has tiered membership and a referral scheme, does that not make it MLM (I’m honestly not sure, just fascinated by this nonsense – also my relative that loves ponzis has joined it and is boasting about amazing profits)?
Also, appears to have a twist, where if you don’t click on the ads you don’t get your profits/commissions/whatever lies they use to justify cycling funds, which seems a handy way to take more money and/or justify not paying out.
Commissions are only paid out on personal recruits no?
Those commission rates being multilevel (multi-tiered) doesn’t make AAC MLM.
Yes, sorry, as far as I can tell AAC is a single tier, which much be causing quite a few shenanigans, where everyone is trying to recruit everyone as opposed to encouraging their recruits to recruit.
Wow. This joker has a new ponzi he’s running now where top recruiters like Mack Mills etc made off with thousands and in under 2 months it already flopped.
Montgomery should be locked up! Affiliate Advertising Club scammed thousands!