Fast Start Profits Review: Jeremy Duncan’s 6th pyramid
Fast Start Profits fails to provide ownership or executive information on its website.
Fast Start Profits’ website domain (“faststartprofits.com”), was privately registered on August 13th, 2024.
Further research reveals official Fast Start Profits marketing videos featuring Jeremy Duncan:
It should be noted Duncan appears to be trying to hide his ownership of Fast Start Profits. Marketing videos on Fast Start Profits’ website redirect to a YouTube channel bearing the name “Ken Wasiewicz (owners)”.
Ken Wasiewicz’s Fast Start Profits account is “ezbuilder33”:
Wasiewicz’s social media reveals he’s based out of Birmingham, Alabama:
Jeremy Duncan is a serial fraudster. To date BehindMLM has documented five of Duncan’s pyramid schemes:
- M80 Advertising (early 2023)
- The Rocket Recruiter (April/May 2023)
- My Traffic Powerline (August 2023)
- ShareTheWinnings (January 2024)
- Split The Winnings (December 2024)
Chronologically, Fast Start Profits appears to have been launched between ShareTheWinnings and Split The Winnings.
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.
Fast Start Profits’ Products
Fast Start Profits has no retailable products or services.
Affiliates are only able to market Fast Start Profits affiliate membership itself.
Fast Start Profits affiliate membership is bundled with advertising credits.
Fast Start Profits’ Compensation Plan
Fast Start Profits affiliates purchase $69.95 matrix positions. Commissions are paid when others are recruited who pay the same.
Note all commissions paid out in Fast Start Profits are contingent on recruited affiliates continuing to pay $69.95 a month.
Also note that Fast Start Profits charges a $5 withdrawal fee.
Recruitment Commissions
Fast Start Profits affiliates earn $10 on affiliate recruitment down three levels of recruitment (unilevel):
Residual Commissions
Fast Start Profits tracks residual commissions via a 2×10 matrix.
A 2×10 matrix places a Fast Start Profits 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 (four positions).
Levels three to ten of the matrix are generated in the same manner, with each new level of the matrix housing twice as many positions as the previous level.
Positions in the matrix are filled via direct and indirect recruitment of affiliates.
Fast Start Profits receive $1 per affiliate recruited into their matrix each month.
Matching Bonus
Fast Start Profits earn a 25% Matching Bonus on residual commissions, paid out down three levels of recruitment.
Joining Fast Start Profits
Fast Start Profits affiliate membership is free.
Full participation in the attached income opportunity is $69.95 a month.
Fast Start Profits Conclusion
Fast Start Profits is another recycled Automatic Web Software (dba Direct Sales MLM Software) scam script from Jeremy Duncan.
With nothing marketed and/or sold to retail customers, Fast Start Profits violates the FTC Act as a pyramid scheme.
As with all MLM pyramid schemes, once affiliate recruitment dries up so too will commissions.
Affiliates who purchase an annual subscription are locked in, but monthly subscriptions will stop getting paid as commissions stall.
Once enough monthly subscriptions stop, Fast Start Profits will collapse.
From Fast Start Profits’ website FAQ;
Can I get a refund?
Your membership is non-refundable. All sales are final.
Although their websites are left online, Duncan’s previous pyramid schemes typically last a few months before collapsing.
Math guarantees that when a pyramid scheme inevitably collapses, the majority of participants lose money.