EpicAdProfits Review: $10 revenue-share & cycler combo
There is no information on the EpicAdProfits website indicating who owns or runs the business.
The EpicAdProfits website domain (“epicadprofits.com”) was registered on the 11th of February 2015, however the domain registration is set to private.
Further research reveals EpicAdProfits affiliate citing MoneyMakerGroup forum member “RedHammer” as the owner of the company.
In the forum thread RedHammer confirmed EpicAdProfits was his or her first Ponzi scheme.
Discussing initial problems with the SolidTrustPay payment processor, RedHammer also reveals that he or she is of Indian origin:
we faced STP acc problems. I am indian. can’t use stp.
Now my friend (Paris, FR) at his workplace. once he back, he will call STP and make Button approval faster.
This suggests RedHammer is operating out of India itself. I wasn’t however unable to find any further information on this individual.
MoneyMakerGroup meanwhile is one of, if not the largest Ponzi scheme orientated forums in the world.
Read on for a full review of the EpicAdProfits MLM business opportunity.
The EpicAdsProfits Product Line
EpicAdProfits has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
After signing up, EpicAdProfits affiliates are then able to purchase positions in the company’s compensation plan.
Each of these positions is bundled with advertising credits, which can be used to display advertising on the EpicAdProfits
The EpicAdProfits Compensation Plan
The EpicAdProfits compensation plan sees affiliates purchase $10 positions.
One $10 position buys an EpicAdProfits affiliate a position in a cycler and revenue-sharing scheme.
Cycler commissions in EpicAdProfits are paid out using a straight-line cycler.
This is best described as a queue, with newly purchased positions at the bottom of the queue funding a commission on the position at the top of the queue.
Once enough new positions have been purchased, the position at the top of the queue is paid $8 (referred to as a “cycle”). All positions then move up a place in the queue, where upon the process repeats itself.
EpicAdProfits do not disclose how many new positions are required to be purchased in the queue before a cycle commission is paid out.
EpicAdProfits market their revenue-sharing positions as paying out a daily 12% ROI, until a total ROI of $8 has been paid out.
Referral commissions are paid out on all positions purchased by personally recruited EpicAdProfits affiliates.
5% on level 1, 3% on level 2 and 2% on level 3.
All EpicAdProfits affiliates are required to re-invest 25% of the funds the company pays them.
Affiliate membership with EpicAdProfits is free, however affiliates must purchase at least one $10 position in order to participate in the company’s compensation plan.
As such, the defacto minimum cost of EpicAdProfits affiliate membership is $10 (the cost of one position).
With nothing being marketed or sold to retail customers, affiliates in EpicAdProfits are simply paid newly invested affiliate funds.
Due to the ROI nature of the company’s compensation plan, this means that EpicAdProfits are operating as a Ponzi investment scheme.
As with all Ponzi schemes, once new affiliate investment runs dry, the scheme collapses. Anyone with funds still trapped in the system at that point loses out.
A string of cycler and revenue-sharing launch failures this year, coupled with regulatory action against some of the more high-profile schemes, means that we’re now seeing an uptick of participants in such schemes try and launch their own.
In the case of EpicAdProfits, here’s how that worked out.
The scheme was set to launch on March 3rd.
Aside from some initial problems with SolidTrustPay in late February, there were also issues with Payza reported on March 1st:
Just another update on Payza. It’s looks like Payza is currently having technical issues. Same problem on other programs also (Including Neobux).
After Payza payment, We will manually credit your account as soon as possible. If not, Please open support ticket with transaction details.
A day before the March 3rd launch, RedHammer wrote
We do not want to run a program that last a week, but more longer into the future. We have done our evaluation and observation and we believe our policy is consistent with our intention to run a long term program and deter the hit and run players.
Loyal members, will over time, find it rewarding to be in EPIC. We do not want hit and runners, and if with our policy, we can eliminate these, then its good for the majority of our members. We are committed to build this long term.
Immediately after launch, EpicAdProfits affiliates began reporting problems with their cycler positions.
This was later confirmed by
It’s looks like cycler positions are not Cycling out. Only Few positions Cycled out. During we tested it worked perfectly. I think Today Server upgrade caused some problems.
However, We just sent this issue to xSharePro. I apologies for what happened. Tomorrow they will try to fix everything. We hope all positions will be cycled out.
The reason for the script malfunction was later attributed to DDOS attacks:
Actually What happened Yesterday?
– Yesterday during launch, One low-life attacker failed to take down the website. So, he attacked Port 3306 and interrupted connection to database. Database messed up and Cycling stopped.
Following “repairs to the database”, a relaunch was then scheduled for March 12th.
On March 11th, RedHammer updated his investors claiming there were still “bugs in the script”.
This was followed up by a March 12th announcement, citing new payment processor problems:
Payza disabled our Payment buttons and asking us to co-operate with them by giving more details and extended website review process. Already 2 Business Days passed.
Also Database damaged due to recent attacks.
Some EpicAdProfits affiliates reported receiving refunds, others were left holding the bag.
Worst program ever, just go check the facebook group page.
Everybody pissed off and requesting refunds, admin refuses to refund.
Program launch has been changed many times, constantly changes the program plans, says will give updates in few hours and 2 days pass and nothing, very unprofessional and amateurish behaviour. Probably will turn scam and run away with all the members money.
All the members on the boards filing disputes.
RedHammer himself was not seen or heard from in the EpicAdProfits thread again. He last accessed his MoneyMakerGroup forum account on March 17th.