CoopCrowd Review: David T. Rosen’s 2019 gifting scheme
CoopCrowd provides no information on its website about who owns or runs the business.
CoopCrowd’s website domain (“coopcrowd.com”) was first registered in 2011. The domain registration was last updated in January 2019.
David Rosen is listed as the owner of the domain. Through the Wayback Machine I was able to verify that CoopCrowd’s domain was for sale in 2018.
This suggests that Rosen (right) acquired the domain on or around January 2019.
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.
On or around mid 2019 Rosen appears to have rebooted Cooperative Crowdfunding as CoopCrowd.
Read on for a full review of CoopCrowd’s MLM opportunity.
CoopCrowd has no retailable products or services, with affiliates only able to market CoopCrowd affiliate membership itself.
CoopCrowd’s Compensation Plan
CoopCrowd affiliates make recurring payments. These payments are gifted to other CoopCrowd affiliates.
In turn the payments also qualify the affiliates to receive gifting payments from other CoopCrowd affiliates.
CoopCrowd tracks gifting payments via a 3×10 matrix.
A 3×10 matrix places an affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting each of these first three positions into another three positions each.
Levels three to ten of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
Positions in the matrix are filled via direct and indirect recruitment of CoopCrowd affiliates.
Payments made by affiliates placed in the matrix are gifted as follows:
- payments made on level 1 pay 10%
- payments made on levels 2 to 4 pay 5%
- payments made on level 5 pay 2.5%
- payments made on level 6 pay 5%
- payments made on levels 7 and 8 pay 2.5%
- payments made on level 9 pay 5%
- payments made on level 10 pay 7.5%
CoopCrowd affiliate membership is tied to fee payments made monthly, every eighty-four days or annually.
- $28 every 28 days
- $84 every 84 days
- $365 every 365 days
Regardless of which payment method is used, an unspecified admin fee also applies.
Under the guise of giving and receiving donations, CoopCrowd is David Rosen’s latest gifting scheme.
What distinguishes legitimate donations from CoopCrowd’s gifting payments, is that legitimate donations don’t qualify you to receive donations from other donors.
That’s gifting. And it’s illegal the world over.
Furthermore, a quick search reveals CoopCrowd might be a reboot of a similarly named gifting scheme Rosen launched in 2017.
It appears launching gifting scams is an annual thing for Rosen.
The reality of gifting schemes is those who run them and those who get in early (admin friends), walk away with most of the money.
In CoopCrowd this occurs due to matrix placement. Rosen and friends place themselves at the top of the company-wide matrix, and thus receive a slice of all gifting payments.
And that’s on top of the undisclosed admin fees Rosen pockets too.
As with all gifting schemes, in order for Rosen and friends to make this money, everyone else has to lose it.
Once recruitment dies off kaboom. Game over and the majority of CoopCrowd affiliates lose money.
See you next year?
Update 13th March 2022 – For his 2022 scam, David Rosen has rebooted CoopCrowd with cryptocurrency.
So David, help me out here. If 50/50 Corwdfunding is so legal and the real deal, why the need to start CoopCrowd?
To hear you tell it, 50/50 was a cash cow and Godsend to the members helping them get out of debt and becoming financially free.
You should have thousands upon thousands scrambling to join 50/50.
Unless of course it has already crashed and burned like all your other failed illegal cash gifting schemes.
Yet here you are with a new illegal cash gifting scheme just in time for your Christmas shopping. How convenient for you.
Gee, I wonder where David went? After all he was going to vigorously defend his “good name and reputation” against all of us haters who distort his programs, right David?
You really need to up your game on this one though as you have major competition that are offering better returns. Remember, there is no honor among thieves.
Somehow I get the feeling that people are waking up to your scamming ways and are not buying your BS like they did before. Couldn’t happen to a nicer guy.
You might want to start looking over your shoulder because that next knock on your door just might be the authorities bearing gifts. Tis the Season after all.
Hi Everyone, someone introduced me to COOP 5050 recently and I found it highly suspicious.
I have been searching the web for reviews and most are from people that have not used his program.
Actually, it is only on his you tube channels and website that I can find any client reviews at all.
This is unusual for some companies of his have been around for quite a while. It is as if the Web has been scrubbed of reviews.
Where can I verify some of the information such as his previous companies collapsing or arrest records? Thank you so much! –Fancy
Arrest records I have no idea but you can verify the collapse of Rosen’s past gifting scams here on BehindMLM. We’ve named them.
You don’t need to be in a gifting scam to recognize one or verify the math behind them. Gifting math = majority of participants lose money.
Hi Someone introduced me to COOP5050 and I have been searching before I make a decision like anyone else, for the truth and genuine reviews. I have read your reviews on COOP5050 and COOPCrowd.
It looks like you mentioned these programs were launched in 2011 right? you said they have failed, how come 10yrs later they are still here and still standing and people are introducing the program to us.
Please share the failure. I went to the websites you recommended of Coop5050 and Coopcrowd it’s still there.
Gifting I believe is money that goes to one person and you don’t expect anything in return, most people can relate to that experience, am told in COOP crowdfunding money is shared 50/50. So people are receiving 50/50 as they crowdfund each other so this is not the case right?.
Besides googling people and programs how trust worthy are your sources and recommendations or is this your own personal opinion that leads others to be you guided or misguided especially people who do not have time to do an extensive research.
Why aren’t the authorities coming after this guy and all his scamming and stop this like.. to save us from being injured, like they have done to all other scammers.
No, a website domain was registered in 2011.
Not 10 years later, and having a website up with zero traffic isn’t “still here and still standing”.
David Rosen’s gifting scams inevitably collapse, that’s why keeps launching new ones. You can check current traffic to his older scams with Alexa.
Nobody is joining gifting scams without the expectation of stealing money from people recruited after them.
This review is based on CoopCrowd’s business model. And the fact that the majority of participants in gifting schemes are guaranteed to lose money.
You’d have to ask the authorities. BehindMLM’s buck stops with providing factual reviews and news coverage of MLM opportunities.
Fancy, you don’t have a chance honey! Your money will go directly into the David Rosen “kitty’ aka his own pocket! Always has and always will!
If you have to ASK it this is a Scam you already know the answer don’t you?
I hav hav just been asked if I want to join a team with 10 members active and 10,000 raised in 6 weeks from an initial 450dollars, on 50/50 scheme u giv 3 payments and recieve 50/50 of each payment x6.
how can u all say its definitely a scam, I dont see it myself……
$10,000 raised = $10,000 stolen from people who joined after them.
Math is math, there’s a reason gifting schemes are illegal.
Let me break it down for you
I’m disregarding fees and splits as it complicates the math:
5 people join,each person donates $50.
There’s $250 in the pool.
Now how many of you can withdraw $250? 1.
But how do they raise so much money you may ask????
Because they have 1000 people join putting it to a pool of $50000
So now 200 people can withdraw $250!!!!! WOW.
Those 200 people put in $50,and got $200 out,they quadrupled their investment.
What about the other 800 people though? 0,there’s nothing left.
These scams collapse when they run out of people to sign up – which always happens eventually.
The money doesn’t magically multiply,if you take out more than you put in you stole it from somebody else. Simple.
For all of you who do not understand how cash gifting schemes work, let me explain it to you.
FIRST: all cash gifting schemes are illegal. PERIOD. It makes no difference what they call it, how they structure it, what they claim are the products. they are ILLEGAL.
SECOND: All cash gifting scams have 85%-90% of the top positions are in the founder’s accounts, friends and relatives, and any major promoter. They all have multiple accounts. So the deck is stacked against you from ever receiving your “gift.”
It makes no difference what they claim and say, they are lying. Everyone you bring in after you will lose their money. Guaranteed.
THIRD: They will allow some people to be “gifted” because they need the testimonials that people are being gifted. But what you don’t know is that many of those “I received my gift” are paid to say it. They are not even in the program.
If cash gifting programs worked and were legal, everyone would be doing them. Hopefully you get it now and understand you don’t have a prayer of being “gifted.”
I lost approx $1500.
I make mistakes in their platform and the whammy s got it all there is no protection to members if you do a mistake.
They tell you that you have donated the money we do not return money. Well planned for you to loose. Unreliable.
Everything you hear understand the opposite.
It is centralized and very difficult to get money back because of high gas fees.