Coop5050 Review: David Rosen’s 2020 gifting scheme reboot
Coop5050 provides no information on its website about who owns or runs the company.
Coop5050’s website domain (“coop5050.com”) was first registered in 2018. The private registration was last updated on November 4th, 2020.
To suss out who’s behind Coop5050 we have to turn to social media:
David T. Rosen first popped up on BehindMLM’s radar in 2015, as founder of the PIE 24/7 pyramid scheme.
In early 2018 Rosen launched Cooperative Crowdfunding, a matrix-based gifting scheme. This was followed by 50/50 Crowdfunding in late 2018.
In late 2019 Rosen rebooted 50/50 Crowdfunding as CoopCrowd. That brings us to the late 2020 reboot launch of Coop5050.
David Rosen is believed to run his various scams from Ontario, Canada.
Alexa traffic analysis reveals Coop5050 recruitment is currently taking place in the US (71%) and Dominican Republic (22%).
Read on for a full review of Coop5050’s MLM opportunity.
Coop5050 has no retailable products or services, with affiliates only able to market Coop5050 affiliate membership itself.
Coop5050’s Compensation Plan
Coop5050 affiliates gift money to each other through eight-tiers of gifting payments.
Gifting payments in Coop5050 are tracked via a 2×2 matrix.
A 2×2 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Positions in the matrix are filled by position purchases, made by existing and newly recruited Coop5050 affiliates.
Funds used to purchase matrix positions are gifted as follows:
- $25 tier – gift $25 and receive 50% of $25 gifted in across six positions ($75)
- $50 tier – gift $50 and receive 50% of $50 gifted in across six positions ($150)
- $150 tier – gift $150 and receive 50% of $150 gifted in across six positions ($450)
- $250 tier – gift $250 and receive 50% of $250 gifted in across six positions ($750)
- $500 tier – gift $500 and receive 50% of $500 gifted in across six positions ($1500)
- $1000 tier – gift $1000 and receive 50% of $1000 gifted in across six positions ($3000)
- $2000 tier – gift $2000 and receive 50% of $2000 gifted in across six positions ($6000)
- $4000 tier – gift $4000 and receive 50% of $4000 gifted in across six positions ($12,000)
Cycling appears to happen automatically so presumably upon completing a matrix, the initial gifting payment is subtracted to generate a new same-tier position.
E.g. You receive $75 upon completing tier 1, $25 of which is used to fund a new tier 1 position.
Coop5050 affiliate membership is tied to a minimum $25 gifting payment.
Full participation in Coop5050 costs $7975.
Marketing copy on Coop5050’s website suggests gifting payments might be monthly recurring.
Following the collapse of his CoopCrowd gifting scheme, David Rosen is back with a clone scam for 2021.
Coop5050 combines elements of gifting and Ponzi schemes.
The gifting element exists by way of new gifting payments being used to fund cycle payments.
You gift in, that money is paid to existing Coop5050 affiliates. You then receive gifting payments from Coop5050 affiliates recruited after you.
The Ponzi element exists by way of gifting payments being made on the expectation of a 300% ROI.
Gift $25 and receive $75. Gift $250 and receive $750 etc.
Seeing as 71% of website traffic to Coop5050 is coming from the US, this brings the scheme under the jurisdiction of the FTC and SEC.
Gifting schemes are illegal as per the FTC Act. Ponzi schemes (securities fraud) are illegal as pert the Securities and Exchange Act.
As with all MLM Ponzi gifting schemes, once affiliate recruitment dries up so too will new gifting payments (investment).
Being a matrix cycler, this will see Coop5050’s matrices begin to stall. Unless recruitment of new participants continues forever (mathematically impossible), eventually enough matrices stall to trigger a collapse.
If you want evidence of this in practice, look no further than David Rosen’s previous scams.
Pie 24/7, Cooperative Crowdfunding, 50/50 Crowdfunding and CoopCrowd all collapsed with the majority of participants losing money.
Meanwhile Rosen, through preloaded admin positions, is the primary benefactor of each scam.
Coop5050, using the same matrix cycler gifting model as Rosen’s previous scams, won’t end any differently.
If he doesn’t look like scammer, WHO DOES???
Bob Lewis who are you? What makes you the specialist of theses platforms?
You don’t need to be a “a specialist” to identify a gifting scheme.
The business model is elementary grade and has been around for decades.
He might not be a specialist but I am.
Attached a copy of my credentials in case you don’t believe me:
I was really taken here. is this legit?
For what should be obvious reasons, gifting schemes aren’t legitimate business opportunities.
Am I correct in that many complaints about David Rosen and his programs have been deleted on the Web?
Could any of you post some of those complaints here so misled peeps can see what is really going on?
If the FTC’s case against BINT is anything to go by, scammers running gifting schemes threaten their victims with account termination if they complain.
Whether that’s happening in Coop5050, who knows. The business model is the same though, plenty of victims.
This is a load of hogwash CoopLife (Coop5050 & CoopCrowd) is NOT a scam its is currently financially rescuing thousands of people who have joined, it is CROWDFUNDING even Barack Obama used CROWDFUNDING to fund both his presidential terms!
And guess what IT REALLY HONESTLY WORKS and it is changing peoples lives.
Who would advertise their scam worldwide on Channel 5 and create infomercials WORLD WIDE if its a scam – why don’t you give it a try you may be very surprised and will definitely retract this article.
I personally signed up an International Beauty Queen she wants to raise funds for her charity and guess what the pageant’s lawyers GAVE THEIR OKAY!!!
THIS IS NOT a gifting scheme and there is no reboot ????
COOP5050 simply switched from using cash apps to using crypto in a now fully automated system and guess what withdrawal is in an instant which scam does that for you hmmmm?
Tell me if its such a scam why are there not more articles like this!!!! GET YOUR FACTS STRAIGHT!
Here come’s the butthurt…
All gifting schemes are scams.
Math is math. Every gifting scheme sees a small percentage of net-winners steal from the majority, who are guaranteed to take a loss.
Calling cash gifting “crowdfunding” and then pulling on legitimacy via association is cute. Doesn’t work on anyone with half a brain though.
Someone who doesn’t care if it’s a scam. Again, legitimacy via association isn’t a thing.
You don’t need to lose money in gifting scams to identify gifting scams.
Some beauty queen’s lawyers being incompetent (or more likely lied to), doesn’t change Coop5050 being a gifting scam.
Maybe instead of pulling out the Barack Obama, Channel 5 and some random lawyers strawmen, you read the review? Both points are documented there, which you’ve ignored.
Every scam pays out as long as there’s money to steal. When recruitment inevitably dries up again Coop5050 will collapse.
Rosen will reboot with a new name and we’ll have new dumbasses coming on here with fresh butthurt denial.
Coop5050 is a gifting scam, regardless of how many articles there are about it.
Done and done. Thanks for the morning popcorn.
I joined Coop5050.
lost money, zero donations.
Other than what you made to the scam 😉
Bevi, you NEVER had a chance Buddy. You money went directly into David’s pockets–like everyone else’s money.
So you joined and expected millions to simply come flowing in?
Stop bullshitting if you joined and followed the system you could not have made zero.
Why comment on something when you have not even tried? Like they say the empty can makes the most noise!
Math is math, the majority of participants in gifting scams like Coop5050 lose money.
There is no “system” above math.
If by System you mean the morally bankrupt donation hot-potato where you hope you aren’t he last ones in that will lose their money.
Literally everybody that joins last before the inevitable collapse will and always do lose. The fact you aren’t aware of that makes you 1) complicit 2) stupid or 3) lucky.
I’ll bet 1 or 2.
I joined Coop5050 not knowing really how the gifting programs worked. I could see the benefits of it working and truthfully it has worked for a lot of people who had gotten in earlier that really did make a lot of money my sponsor being one.
I joined about a month and a half ago. Made a little money because I recruited a couple of people. The program recently has changed it’s emphasis from Coop5050 to CoopCrowd which is a basic 3×10 matrix.
If I understand the math, now that recruiting and donations are slowing down in 5050, that is why the new emphasis is now on Coopcrowd.
Now it looks like the leadership is putting down those who still want to use Coop5050, saying Coopcrowd is a much better system.
I am very disappointed. You live and learn in this business.
Hope you understand now that everybody can’t miraculously make profit from recycling money. Obvious scam.
I find these comments very interesting because it seams that “the act of giving “ is being represented as a business. (Ozedit: snip, see below)
Nobody said anything about “the act of giving”. Coop5050 is a gifting scheme, which are illegal because they’re scams.
If you want to talk about “the act of giving”, which has nothing to do with Coop5050, do it somewhere else.
Well, Mr. Oz thank you for a very one sided conversation base on your option. (Ozedit: butthurt removed)
Coop5050 is a gifting scheme.
Gifting schemes are illegal scams.
No “options”, 100% fact. If you want to address the facts have it.
If you want to ignore the facts and carry on like a butthurt porkchop, do it somewhere else. Thanks.
Is Dan one of those idiots that don’t grasp that there is no money being produced,so any “profit” anybody gets is “act of giving” donations from others that might not(likely will never) get their money back?
Dan Dan Dan Dan Dan
1 + 1 + 1 will never = 10
$3 goes in,$3 goes out
If you take more than you put in,you stole it
bUt MaTh DoEsN’t ApPlY tO tHe AcT oF GiViNg!
Can’t believe people that survive to adulthood do so without a basic grasp of how money works.
That and scammers being disingenuous with bad faith arguments.
ProTip: If you have to redefine your scam as something else to build a defense argument around it, you’ve already lost.
So ignoring the fact that it isn’t a “business” and that it’s crowdfunding. Which puts it into the same category as “ go fund me, indigo, Kickstarter, etc”.
and you calling me names degrades your professionalism and detracts from your quality of content.
Calling cash gifting “crowdfunding” doesn’t change what it is, an illegal business model.
I can’t get recruited into Go Fund Me, Indigo, Kickstarter etc. and receive gifting payments from those recruited after me.
If you get upset at being called a cash gifting scammer, maybe don’t scam people through cash gifting schemes.
Gofundme and similar crowdfunding is 100 people paying for a thing and the thing gets produced if they’re lucky.
Your model is nothing of the sort you bumbling imbecile. There is no product being produced and sent to them.
Yours is 100 people putting money in,10 people withdrawing more than they put in and the next 10 hoping for their turn before the pot is empty,aka a gifting scam.
At least get your scam model accurate when trying to dispute things.
Even by your own example of Gofundme,the people putting money in aren’t getting it back out. So you just admitted Coop5050 is a pyramid scam in the form of donations.
How daft can you be. Money is not unlimited.
To begin with your insults are not flattering and don’t make your case any stronger.
You assuming that this model is mine which portraits you as being foolish and uninformed.
You are the one that has categorized this as a gifting scam while also attaching the title of MLM to it.
Interesting fact if you are at all interested… the company has claimed neither of those.
You assuming that anyone owns the gifting model is moronic.
What I will say is nobody runs around defending cash gifting schemes unless they’re scamming or have scammed people through them.
No, David Rosen did by creating an MLM gifting scheme. Coop5050’s business model defines what it is.
Coop5050 can claim whatever it wants. Its business model makes it a gifting scheme.
Drink more koolaid koolaid drinker. My argument doesn’t have to convince you,we already know you are elbows deep 😉
Feel free to explain the model as you understand it then, minus marketing schpiel.
Take special note to indicate how funds come in, are distributed and how many people will make their money back when recruitment stops.
Let’s see how far flung you are from reality.
(PS lipstick on a pig remains a pig, fancy wording and naming won’t get you further)
Good Day I am also a member of coop5050 please can someone tell me if this is real working because I invest in to it.
Coop5050 “works” in that your money has been stolen.
Now you have to steal other people’s money. Sorry for your loss.
You joined a scam,congrats
First of all, 1st comment is discriminatory (Bob Lewis) based on someone skin color/ face shape? your point of view carries no validity and has therefore no value.
2nd, David Rosen has a history, very touching in fact, where he himself once (twice) was homeless, and know/ understand the horrific fear, worry and struggle such situation causes one to feel. Feelings I am certain non of us in this forum ever had to experience, and therefore cannot even imagine.
Now, those of you who simply throw out negative comments because your own fear or previous negative experiences from other platforms? gets in the way.
Ask yourself prior to posting – Did You Actually join this platform yourself? – and followed the 3 simple steps – so easy a baby can do them? Or are you just pointing finger without experience?
If You joined and didn’t receive, it’s because you didn’t GIVE, and no-one likes a freeloader.. or for that matter, for This Platform to work for you means- Donate $25 to 1 OF YOUR FRIENDS & GIVE $28 to 3 of YOUR FRIENDS? (Not really sure how those of you screaming it’s a scam do the math??) Since David get’s nothing, but YOUR FRIENDS RECEIVE YOUR DONATIONS, that’s the whole purpose of helping one another.
If you cannot follow these 3 Simple Baby Steps then I am not sure how you can even survive on this planet, for everything else is much more difficult than this, not being rude, just honest.
If You Don’t follow these 3 Steps (Which initially boils down to 1 TIME IN YOUR LIFE – Give approx $200 to 3 OF YOUR FRIENDS (Membership, Donations, and Transaction Fees -as we are in Crypto Space).
If You don’t do this you will not Receive.
If You don’t Show up to your work on Monday You Will Not get a salary – it’s not rocket science…
Lastly, For someone who has been homeless himself, do you sincerely – if you think – Do you sincerely believe a person who’s been through hell and come back would go through this much effort creating a platform such as this, only to try putting other’s through hell?
Folk’s please, you are smarter than that aren’t you?
This Platform was created to ERADICATE Poverty, because David T Rosen, knows better than any of us the hardship of living on the street.
And I Personally, Thanks to David’s genius platform has now been able to buy my own house.. and a pretty nice one too tbh. And what did I do? I gave a total of $200 to 3 of my closest friends.. that’s all.
David Rosen is a Hero and should be treated with nothing but respect for what he has created and done for this world.
The rest of you should be ashamed of yourself for spreading such nonsense negative virus.
of launching multiple gifting scams that primarily benefit himself. This is well documented on BehindMLM.
The funny thing about gifting schemes is they leave a trail of financial destruction. Who are you to deny Rosen’s victims?
Why bother? Math is math whether you join gifting scams or you don’t.
That same math guarantees the majority of Coop5050 affiliates will lose money. Just like Rosen’s previous scams.
Ah so you’re selectively mathematically illiterate. $25 + ($28*3) = $109. You need to steal that back from new recruits. They need to steal their $109 loss from new recruits and… gifting scheme go boom and everyone loses money.
Stealing from people isn’t helping them.