Burj Rewards Review: Zeek Rewards Ponzi points clone
There is no information on the Burj Rewards website indicating who owns or runs the business.
The Burj Rewards website domain (“burjrewards.com”) was registered on March 9th 2015, however the domain registration is set to private.
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.
The Burj Rewards Product Line
Burj Rewards has no retailable products or services, with Burj Rewards affiliates only able to market Burj Rewards affiliate membership itself.
Once signed up, Burj Rewards affiliates can invest in “VIP points”. Bundled with each VIP point investment are a series of advertising credits, which can be used to display advertising on the Burj Rewards website.
The Burj Rewards Compensation Plan
The Burj Rewards compensation plan sees affiliates invest in VIP points.
- free membership – 100 VIP points that disappear after 60 days if an affiliate does not pay for a subscription
- Silver – ($10 a month) – 110 VIP points
- Gold ($50 a month) – 150 VIP points
- Diamond ($100 a month) – 200 VIP points
Each Burj Rewards affiliate is assigned three daily tasks, the completion of which sees them earn a daily ROI on their VIP point balance.
VIP points expire after 90 days, with affiliates required to replenish their point balance through continued investment. Additional VIP points cost $1 per point.
Recruitment Commissions
Burj Rewards affiliates are paid to recruit new affiliates.
How much of a recruitment commission is paid out is determined by how much a newly recruited Burj Rewards affiliate spends on their membership:
- recruit a Silver affiliate = $2
- recruit a Gold affiliate = $10
- recruit a Diamond affiliate = $20
Residual Recruitment Commissions
Residual recruitment commissions in Burj Rewards are paid out via a twenty-one level deep matrix. Note that Burj Rewards do not disclose the width of the matrix.
Matrix commissions are tied to monthly PV generation, with commissions paid out down a maximum twenty-one levels as follows:
- Distributor (30 PV) – 25 cents a recruited affiliate paid out down five matrix levels
- Manager (50 PV) – 25 cents for a Silver affiliate and $1 for a Gold or Diamond affiliate paid out down ten matrix levels
- Executive (100 PV) – 35 cents for a Silver affiliate, $1.50 for a Gold affiliate and $3.50 for a Diamond affiliate, paid out down fifteen matrix levels
- Senior Executive (700 PV) – 25 cents for a Silver affiliate, $1 for a Gold affiliate and $2 for a Diamond affiliate, paid out down twenty-one matrix levels
PV stands for “Product Volume” and is sales volume generated by a Burj Rewards affiliate’s investment, payment of monthly subscription fees and recruitment of affiliates:
- VIP point investment = 1 PV per $1 invested
- Silver subscription = 10 PV a month
- Gold subscription = 50 PV a month
- Diamond subscription = 100 PV a month
Joining Burj Rewards
Affiliate membership with Burj Rewards is either free or via a paid monthly subscription.
- Free membership = no cost
- Silver = $10 a month
- Gold = $50 a month
- Diamond = $100 a month
Note that Free affiliates are required to sign up for a paid subscription after 60 days.
Conclusion
My guess is that the admin(s) of Burj Rewards were affiliates in the Zeek Rewards Ponzi scheme.
Zeek Rewards terms such as “retail profit pool” and “VIP points” have been recycled in Burj Rewards – with even the name of the company slightly different.
There’s talk about giving points away on the Burj Rewards website, but with nothing offered to retail customers (Zeek had affiliates give away purchased bids to fake customers), it seems to be an oversight (as far as I can tell Burj Rewards affiliates don’t have anything to give away).
Pretty much Burj Rewards is Zeek Rewards, with the penny auction ruse stripped away. In its place is your standard ad-credit offering, borrowed from AdSurfDaily.
Zeek Rewards pioneered the 90 day Ponzi points model, AdSurfDaily before it the ad-credit Ponzi scheme.
The SEC breakdown of Zeek Rewards reveals precisely why it was a Ponzi scheme.
In a nutshell, newly invested funds are used to pay off existing investors. The daily ROIs paid out are made up, with the scheme collapsing once newly invested funds are exhausted.
In the Ponzi points model, this occurs when early investor VIP point balances are compounded. The balances grow exponentially until the daily amount withdrawable outstrips new investment.
The monthly fees and matrix commissions add an additional recruitment-based pyramid layer to the scheme.
Zeek Rewards was on the verge of collapse when the SEC stepped in to shut it down. The majority of investors lost money in the scheme, with Burj Rewards guaranteed to follow in the same footsteps.
My goodness. These ponzis pop up spread like an uncontrollable rash.
When it comes to third or fourth generation piggyback ponzis, like Burj Rewards, blink too long, and they will disappear before your eyes open again.
There’s very few ways to lose money quicker than joining a ponzi / pyramid at the end of a “next big thing” cycle.
They need to start teaching 1st graders the world over about these ponzis. Early enough to give’em a head start in education about avoiding these scams.
It’s sad how many fall for them daily.
My 2 withdrawal requests are pending with Burrewards for last 2 weeks and I have sent many requests to give any reason for these pending payments but there no response at all.
Can anybody confirm whether BurjRewards pay or the site gone SCAM.
Be careful new members to invest Burjrewards.
Burj Rewards was based off of Zeek Rewards, it was always a scam.
All that happened is they apparently have run out of new investor funds, leaving you shafted.
Yes, this is correct. They have gone with our money.