Bonestopco Review: Five-tier crypto mining and trading Ponzi scheme
Bonestopco provide no information on their website about who owns or runs the business.
The Bonestopco website domain (“bonestopco.com”) was privately registered on January 21st, 2018.
A corporate address in Hampshire, England is provided on the Bonestopco website.
Further research however reveals this address actually belongs to Ocean Village.
On their website Ocean Village market virtual office packages. As such it appears Bonestopco exists in the UK in name only.
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.
Bonestopco has no retailable products or services, with affiliates only able to market Bonestopco affiliate membership itself.
The Bonestopco Compensation Plan
Bonestopco affiliates invest funds on the promise of an advertised ROI:
- Package 1 – invest $50 to $100000 and receive 3% daily for 50 days (150%)
- Package 2 – invest $500 to $100,000 and receive 0.17% per hour for 40 days (163.2%)
- Package 3 – invest $300 to $1,000,000 and receive 4% daily for 50 days (200%)
- Package 4 – invest $1500 to $1,000,000 and receive 5% daily for 50 days (250%)
- Package 5 – invest $5000 to $1,000,000 and receive 43% a week for 49 days (301%)
Bonestopco pay referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 2%
- level 3 – 1%
Bonestopco affiliate membership is free, however free affiliates only earn referral commissions.
Full participation in the Bonestopco MLM opportunity requires a minimum $50 investment.
Bonestopco claim to generate external ROI revenue through “cryptocurrency startup education investing (and) at the same time quite actively trade and mine various crypto” [sic].
The company provides no evidence to verify and of its claims, nor are there any other identifiable external ROI revenue sources.
Furthermore Bonestopco’s claims fail the Ponzi logic test.
If Bonestopco’s anonymous owners were capable of legitimately generating a consistent 301% ROI every 49 days, why would they be soliciting investment from randoms over the internet?
The fact of the matter is new investment is the only verifiable source of revenue entering Bonestopco.
Using newly invested funds to pay affiliates an hourly, daily and/or weekly ROI makes Bonestopco a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will newly invested funds.
This will starve Bonestopco of ROI revenue, eventually prompting a collapse.
The math behind a Ponzi scheme guarantees that when they collapse, the majority of investors lose money.