Digital Money Markets Review: 1.5% a day Ponzi scheme
Digital Money Markets provides no information on their website about who owns or runs the company.
Digital Money Markets’ website domain (“dmm.cash”) was privately registered on February 5th, 2020.
Digital Money Markets’ website defaults to Spanish, even with English as the set language. This indicates whoever is running the company is a native Spanish speaker.
Official marketing videos featured on Digital Money Markets’ website are hosted on a YouTube channel bearing the name Antonio Prieto Chaves.
Possibly due to language-barriers, I was unable to establish who this is.
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.
Digital Money Markets’ Products
Digital Money Markets has no retailable products or services, with affiliates only able to market Digital Money Markets affiliate membership itself.
Digital Money Markets’ Compensation Plan
Digital Money Markets affiliates invest $50 to $50,000. Funds are invested on the promise of a 1.5% ROI, paid daily for 135 days.
Commissions are paid when subsequently recruited affiliates also invest funds.
Direct Referral Commissions
Digital Money Markets affiliates receive 10% of funds invested by personally recruited affiliates.
Digital Money Markets pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
Digital Money Markets pays residual commissions as 10% of funds invested on the weaker binary team side.
How often residual commissions are calculated and paid out is not disclosed.
Digital Money Markets rewards affiliates who convince others to invest.
- qualify at Star (generate $1000 in investment) = a “certificate of recognition”
- qualify at Two Stars (generate $2500 in investment with two personally recruited Stars) = a “certificate of appreciation” and a company t-shirt
- qualify at Three Stars (generate $5000 in investment) = a restaurant meal
- qualify at Four Stars (generate $8000 in investment) = a “full day in the best tourist places in your country” and a “five stars dinner”
- qualify at Top Leader (generate $12,000 in investment) = a paid week at “impressive tourist places in your country”
Joining Digital Money Markets
Digital Money Markets affiliate membership is free.
Full participation in the attached income opportunity requires an initial $50 to $50,000 investment. Note that a 5% fee is charged regardless of the amount invested.
Digital Money Markets pitches itself as follows;
HAVE YOU EVER DREAMED OF BEING IN A COMPANY THAT DOESN’T SCAM YOU?
We are a group of people, investors like all of you, who are tired of many companies leaving with people’s money and disappearing with our money and also damaging the reputation of people who, trusting in those companies, promoted them being totally Convinced of the reliability of them, they were surprised as overnight, those companies disappeared and with them our savings. BUT THAT’S OVER.
In reality Digital Money Markets is no different from the scams it attempts to differentiate itself from.
With no verifiable external source of ROI revenue, the only verifiable source of revenue entering Digital Money Markets is new investment.
Using new investment to pay affiliate investors 1.5% a day makes Digital Money Markets a Ponzi scheme.
The MLM side of Digital Money Markets pays on recruitment of new affiliate investors, adding a pyramid layer to the scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will leave Digital Money Markets unable to pay withdrawal requests, eventually resulting in a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.