Double Cash Review: $5 in, $10 ROI out Ponzi scheme
There is no information on the Double Cash website indicating who owns or runs the company.
The Double Cash website domain (“doublecash.info”) was privately registered on December 25th, 2016.
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 Double Cash Product Line
Double Cash has no retailable products or services, with affiliates only able to market Double Cash affiliate membership itself.
The Double Cash Compensation Plan
The Double Cash compensation plan sees affiliates invest $5 on the promise of a $10 ROI.
The ROI is paid each time five new $5 investments are made.
ROI payments are likely tracked via a matrix compensation structure, however this information is not disclosed on the Double Cash website.
Joining Double Cash
Double Cash affiliate membership is tied to a minimum $5 position purchase.
Here’s how Double Cash describe their income opportunity on the company website:
When you become a member you pay $5 into our system.
After 5 more people have joined, you will receive $10! Double your money for doing NOTHING!!
With no verifiable external source of revenue, Double Cash functions as a $5 in, $10 out Ponzi scheme.
Money in and out doesn’t add up, with the anonymous admin appearing to take a $15 cut per $25 invested. Another possibility is that $20 is paid out and the admin keeps $5.
Either way Ponzi fraud is Ponzi fraud and once new affiliate recruitment dries up, Double Cash will collapse.
At that point anyone who has positions that have yet to pay out, which mathematically will be the majority of Double Cash affiliates, loses out.