Global Coin Reserve Review: Old matrix schemes updated
Global Coin Reserve launched in mid 2014 and claim to be located in the US state of Texas.
The company operates in the crypto-currency MLM niche, and is headed up by CEO Robert Corriveau.
Corriveau (right) seems to have been involved in the MLM industry for a number of years. Back in 2010 he launched an affiliate recruiting platform called “3Locity MAX“:
With most MLM compensation plans – in order to make it to the top, they require you to enroll a significant amount of personal recruits in order to make any type of significant income.
With the 3Locity MAX revolutionary computer software program you will end up with multiple personal sponsorships from enrolling ONLY 3 people. The system propels you into 3 revenue streams over the course of your first 30, 60 and 90 days.
MLM Insiders searches the globe – and researches a variety of MLM, direct sales and affiliate marketing programs to find compensation plans that produce the biggest returns – the FASTEST. The group only works with programs that are designed for the masses that will payout FAST.
“In order to have rapid duplication, the average person has to make money within their first 30 days” stated Robert Corriveau.
“What propels this industry into momentum the fastest is when people are making money. It’s that simple.
So what we do is find programs that pay people the most amount of money for the least amount of start-up costs and the least amount of recruiting.
What makes our new program so unique is that from a low ONE-TIME out of pocket start-up cost – marketers can now experience the benefits of 3 streams of income FAST.
3Locity MAX will break sales records and income records like you’ve never seen before”.
3Locity Max appears to have been a downline builder (feeder) for various recruitment-driven schemes Corriveau was in (there’s no mention of retail anywhere in the marketing copy used to advertise 3Locity MAX).
When exactly 3Locity MAX was shutdown is unclear, however the software is no longer for sale.
In early 2011, presumably after 3Locity MAX imploded, Corriveau went on to launch his own recruitment scheme, Fortune 2×2.
Fortune 2×2 saw affiliates receive commissions for recruiting new affiliates into a series of 2×1 and 2×2 matrices. It flopped shortly after launch and was quickly relaunched under the new name FortuneDWB.
Responding to criticism of Fortune 2×2 and Fortune DWB on the RealScam Forum, Corriveau wrote:
My name is Robert Corriveau, CEO of FortuneDWB, and I would like to reply to all the comments on this thread. First and foremost FortuneDWB is NOT A SCAM.
Now, normally I would just overlook all this because it is based on nothing more than someone having too much time on their hands and think they know everything, when in fact, they know nothing.
I know and feel that FortuneDWB is going to be a great company where many lives can be changed for the better and that through FortuneDWB we are going to be able to help thousands of people around the world better their lives with the charities we are working with.
That is all I can say because I’m sure the people that adversely have way too much time on their hands will just see this as a plug to take a better look at FortuneDWB.
Robert Corriveau
CEO/FortuneDWB.
I’ve only quoted an excerpt of Corriveau’s reply above, however at no point did he address the recruitment-driven nature of both his company’s compensation plans.
By mid-2011 FortuneDWB had collapsed.
Corriveau then went on to launch Moringo Organics in 2012. I haven’t reviewed the company in detail but at a glance (mymoringo.com) it appears Moringo Organics might be legitimate. A refreshing change at least from Corriveau’s previous matrix schemes.
Unfortunately website traffic analysis reveals Moringo Organics to be in decline, or possibly stalled. This is likely what has prompted the launch of Global Coin Reserve.
Read on for a full review of the Global Coin Reserve MLM business opportunity.
The Global Coin Reserve Product Line
Global Coin Reserve bill themselves as ‘the simple way to get started in the crypto-currency industry‘.
A non-affiliate membership option is sold for $29.95 a month, which includes access to “Wealth Builder Tools”:
– Maximize Tax Deductions With Our Estimator Tool
– All Your Home Business Expenses
– Reduce Your Personal And Business Debt
– Repair Your Credit Regardless Of Condition
– Also Includes A Full Financial Education Library
No further information is provided.
Affiliate membership is also priced at $29.95 a month and provides access to the same tools, indicating that the non-affiliate membership is offered only for the purposes of pseudo-compliance.
The Global Coin Reserve Compensation Plan
The Global Coin Reserve compensation plan revolves around the recruitment of new affiliates and their ongoing payment of monthly fees.Commissions are paid out directly on recruitment, with a monthly residual commission paid out via a matrix.
Global Coin Reserve Affiliate Membership Ranks
There are five affiliate membership ranks within the Global Coin Reserve compensation plan.
Along with their respective qualification criteria, they are as follows:
- Diamond – recruit 2 Gold affiliates
- Double Diamond – recruit 5 Diamond ranked affiliates
- Triple Diamond – recruit 7 Double Diamond ranked affiliates
- Platinum – recruit 10 Triple Diamond ranked affiliates
- Palladium – recruit 15 Platinum ranked affiliates
Recruitment Commissions
Recruitment commissions are paid out to Diamond and higher ranked affiliates.
The maximum commission paid out on the recruitment of a new Global Coin Reserve affiliate is 35% of the membership fee paid.
This is split as follows:
- Diamond – 20%
- Double Diamond – 10%
- Triple Diamond – 5%
The commission is paid out to the first Diamond or higher ranked affiliate found in the immediate upline of the newly recruited affiliate.
A Diamond ranked affiliate, for example, would be paid 20% of the membership fee paid. 15% would remain so the system would continue to search the upline for either a Double or Triple Diamond ranked affiliate.
If a Double Diamond was found 10% would be paid out and the system would then search higher for a Triple Diamond to pay the remaining 5% out to. If a Triple Diamond was found, they would receive the entire 15% remaining.
If a Triple Diamond is the first affiliate to be found in the upline, they receive the full 35% recruitment commission.
Matrix Commissions
Residual membership fee commissions are paid out using a 2×15 matrix.
A 2×15 matrix places an affiliate at the top of a matrix with two positions directly under them (level 1):
In turn, these two positions branch out into another two positions each (level 2) and so on and so forth down a total of fifteen levels.
Commissions are paid out at a rate of 5% of the monthly fees charged all Global Coin Reserve affiliates.
How many levels an affiliate can in their matrix depends on how much they are paying in monthly fees and/or how many affiliates they have personally recruited:
- Affiliate – 2 levels
- Bronze – 4 levels
- Silver – 6 levels
- Gold – 8 levels
- Diamond – 10 levels
- Double Diamond – 12 levels
- Triple Diamond – 15 levels
Matching Bonus
Global Coin Reserve affiliates are able to earn a 25% matching bonus on commissions paid to their downline.
The match is available on up to four levels of recruitment, with how many levels the bonus is paid out on determined by how much an affiliate pays in fees and/or how many affiliates they have recruited:
- Gold – 25 match on one level
- Diamond – 25% match on two levels
- Double Diamond – 25% match on three levels
- Triple Diamond – 25% match on four levels
Executive Bonuses
Executive Bonuses are made available to Platinum and Palladium ranked affiliates, allowing them to earn an additional percentage of the membership fees newly recruited affiliates pay anywhere in their downline.
A Platinum affiliate earns 2% on the fees paid by any newly recruited affiliates, paid out till another Platinum ranked affiliate is found in their downline.
A Palladium affiliate earns an additional 2% in the same manner, until another Palladium ranked affiliate is found in their downline.
Any overlap between the two bonuses is paid out at a rate of 4%.
5% Performance Pool
A 5% Performance Pool is mentioned in the Global Coin Reserve compensation plan, however no specifics are provided.
Special Performance Bonuses will be provided with varying qualifications.
Recognizing personal and team performance is an essential part of the culture of Global Coin Reserve.
Our Performance Pool allows the freedom to refine the qualifications to meet the needs of the field.
It would appear that at the time of publication of this review, that the Global Coin Reserve compensation plan has not been completed.
Joining Global Coin Reserve
Basic affiliate membership to Global Coin Reserve is $29.95 a month.
Additional affiliate membership options are also offered:
- Bronze – $69.95 a month
- Silver – $149.95 a month
- Gold – $299.95 a month
Note that an affiliate can advance from regular affiliate membership to Bronze by recruiting two affiliates (I believe they continue to pay $29.95 a month).
Conclusion
Like every crypto-currency MLM before it, the MLM side of the opportunity has nothing to do with the currency.
In this case Global Coin Reserve advertise they are running some script, and that
By starting with us today… YOU will be one of the first to mine our new coin at the LOWEST RATES giving YOU the biggest chance for a HUGE return.
In reality, the success or failure of Global Coin Reserve’s crypto-currency has no bearing on the commissions paid out via the compensation plan.
Instead, all we have here is a rehash of Robert Corriveau’s previous matrix-based MLM opportunities.
The “retail” membership option appears to be a token joke, given that the entry-level affiliate membership costs the same and provides the access to the same “Wealth Builder Tools”.
This is reflected in the lack of specifics about the tools access is provided to, raising the question of just who exactly is going to be paying Global Coin Reserve $29.95 a month to access them – without the attached recruitment scheme.
Affiliates buy into Global Coin Reserve with how much they spend directly affecting their income potential (matrix levels). This adds an additional “pay to play” element to the scheme.
After paying their buy-in fee, affiliates are then directly compensated based on the number of affiliates they recruit and the recruitment efforts of their downline.
All commissions are paid out via affiliate membership fees, with the crypto-currency mining being neither here nor there. $29.95 non-affiliate fees are also paid out on, but the likelihood of this revenue being anywhere close to that of the affiliate revenue coming in is extremely unlikely.
Progression through Global Coin Reserve’s affiliate rank also solely depends on how much an affiliate pays each month and how many affiliate’s they recruited at the upper tiers.
As such, Global Coin Reserve sits squarely in pyramid scheme territory, with the company’s compensation plan perfectly explaining why it was launched:
Global Coin Reserve was conceived as a result of the Crypto Currency boom.
The typical ebook libraries matrix schemes are attached to are a thing of the past. So why not attach the same scheme to crypto-currencies.
Didn’t you hear? There’s evidently a boom currently going on.
Be it Global Coin Reserve’s own crypto-currency or the more commonly substituted BitCoin, unfortunately the premise of converting actual funds into virtual currencies does not translate over into products being sold to retail customers.
Like the companies before it, Global Coin Reserve is just another “me-too” attempt to board the crypto-currency train.
As with all pyramid schemes, once recruitment slows down those affiliates at the bottom of the scheme will stop paying their monthly membership fees. When that happens, those above them will find their commissions have dried up and they too will then stop paying their fees.
This effect trickles up the company-wide matrix until an irreversible collapse is triggered. Kaboom.
Oh, as if any one will actually say their own scheme is a scam…
Moringo Organics is a “pills and potions” company selling products based on moringa and oregano (yes, the herb).
Moringa is nutritious, but it’s considered feedstock (i.e. cattle food) and famine food (i.e. grown mostly in Africa and poorer parts of South America and Haiti)
Trying market it as some sort of cure-all is bull****.
NOLINK://en.wikipedia.org/wiki/Moringa
Thank’s for the review.
I’ve been so close to spend some money on that!
In Spain is growing fast. Some people called me to offer the same “great opportunity” but I refused every time.
Hello Mr. BehindMLM,
My name is Robert Corriveau and I would like to take the time to personally reply to your post.
Firstly, you have published false information about me. I have never been or have ever had anything to do with 3Locity MAX. Darren Little and Mr. Butts were the owners of that company and Darren had simply posted a statement that I made to him.
If you look at the post Darren made you can clearly see that he was “quoting me”. Nowhere in that post does it say I am the owner. I was never the owner nor did I have anything to do with it.
Now I will refer to your own post in your (about) page:
Please feel free to contact both parties to find out that I am telling you the truth.
As for Fortun2x2 , yes that information is correct. However, you do not have ALL the information correct. I was the CEO of Fortun2x2 at the time, but when my father had passed away I left as CEO and handed over the reins to Tony Shore. Shortly thereafter, Tony changed it to FortunDWB. I had nothing more to do with the company.
After dealing with my father’s death I then went back to work with Moringo Organics. So this is correct as well BUT again not ALL the information.
Yes, Moringo Organics has been running for over 3 years now and STILL doing very well. We are based out of the USA but decided to open the India market first since that is where most of all our raw materials come from for our product line (just made since).
We have been working for over 3 years now getting ready to now open the USA market and we are very close. You stated that there has been very little traffic and ASSUMED that the company is not doing well. If you know anything about India when it comes to MLM then you would know that they are not an online market they are a face-to- face market and thus would have little to do with the traffic.
That being said, just because we are not getting a lot of traffic does not clearly tell you how the company is doing. And YES I can provide PROOF that Moringo organics is doing very well.
So now to the last part, Global Coin Reserve. Yes I am the CEO and owner of this company too. However, you got it a little wrong. I did not start this company because Moringo Organics is not doing well.
I started this company to hopefully help people better understand cryptocurrency and everything it has to offer. At the same time, I hope to build a new cryptocurrency called GCR Coin. I only want to help as many people as I CAN to better understand this market, and HOPE to profit from this amazing world.
There was a lot that you wrote in this post about GCR so I am just going to say a little. Our product is not the GCR Coin you are right about that. Our product is cloud mining services. That my friend is A REAL product. The by-product of that product is the GCR Coin and we make it VERY CLEAR to all our members that our coin at this point has no value in the market until we go public.
NO cryptocurrency is guaranteed success BUT if done right and with the support and backing of its users (our members) then there is a good chance it may be a success. We never give any guarantee of its success. Our members know this but they believe such as myself that we as a TEAM can make it work.
You state that you believe that GCR is nothing but a scam. I ask you this; if a guy like me has been running and operating a successful MLM for the past 3 years WHY would he start a new company that is nothing but a scam?
Also let me add this- I do EVERYTHING I can to make sure everything we do is legal and done right. Our company has employed Kevin Thompson to go over every aspect of our company to make sure everything is legal. PLEASE call him and ask if you would like to verify that I am giving you correct information. Yes, it is correct that Kevin can only give us guidance and it is up to us to make any changes if need be and we have.
You has stated this:
After reviewing Kevin’s outlines you will see that our site has been completely redone and you will NOT find this statement anywhere on our website. We are doing our very best.
Ending Note:
I don’t hate what you do or what you say. My hope is that people do not get hurt by the bad companies out there. Maybe you can help them, but you should really contact the people you write about FIRST before throwing up a knee-jerk reaction to what you find online. You and I BOTH know there are bad people out there but I am not one. Everything I do is to help others.
I have lost my father, mother and my identical twin brother of 42 years old all in the last 6 years of my life. My brother passed just a year ago and trust me money is not what makes me go around.
I did not see people talking about money at all the funerals I have been at they talked about “the good times and the smile they put on someone’s face”. Money only pays the bills my friend, but putting a smile on someone’s face- THAT LASTS FOREVER.
I don’t run and I don’t hide. I have nothing to hide so please feel free to contact me and ask me anything you would like here is my email address (Ozedit: email address removed).
Best Regards,
Robert
@Robert
Why did you refer to it in the possesive then?
And why was Little quoting your marketing spiel for 3Locity Max if you’ve “never had anything to do with 3Locity Max”?
Nowhere in this review does it say you’re the owner either. Your mentioned as having launched it.
From your gushing spiel about the program, I think that’s a fair statement to make. You were obviously a public face of the scheme if the “owners” were quoting you at launch.
And I quote (from RealScam):
Please explain.
Moringa is in decline website traffic wise, that is all that was mentioned.
And if it was doing so well, why would you waste your time launching a crypto-currency scam (like there isn’t enough of them around already)?
people who are clueless about crypto-currencies. Just like every other crypto-currency MLM admin out there.
I’ve yet to see a single legitimate crypto-currency MLM opportunity launch.
Currency exchange (regardless of the platform) is not a viable MLM product.
You are engaged in the offering of securities, which are likely unregistered.
Seeing as you’re that guy, you tell us?
GCN’s business model lends itself to a recruitment-driven scheme. Affiliates pump money into it on the expectation of an adtertised quoted “return”.
I can’t comment on legalities, but compliance wise as of September 10th when this review was written you appear to have failed massively on that front.
What you might have done after this review was written doesn’t change the fact that the opportunity I reviewed on September 10th is a compliance nightmare.
Name-dropping Kevin Thompson does not automatically generate a badge of legitimacy.
Firstly I didn’t “state” anything, I directly quoted the GCN website advertising returns verbatim.
That you’ve since removed said marketing after this review was written? Psuedo-compliance.
Your business model still has affiliate invest on an implied guarantee that they will see a return. Just because you stopped openly advertising it does not change the mechanics of your business model (affiliates engaging in currency conversion on the expectation of a greater-than-investment return).
Why, are you hopelessly misrepresenting Global Coin Reserve on your own company’s website? Why would you do that?
As for not ripping people off, please explain the matrix schemes you have previously launched. Moringa aside, your MLM track-record speaks for itself.
Given that this is a public review, let’s keep the discussion public. Other readers might have questions for you of their own.
Interesting how these crooks all associate together and try to cover up their bull!
hi
why are the 3 other persons in the management fake.
google there pictures and name they are on 30 + different pages.
and all the zeek pimps are promoting this wonder why.
Hi
I notice that you originally put this post up in early September, its now coming to the end of October, can you tell me what up to date information you may have on Global Coin Reserve? And is their anywhere I can go to check that your information is true and correct.
What do you know about the company Etherium as they seem to be the company that actually has the Crypto Currency mining platform and Global Coin Reserve is the marketing company of their product.
Would love your knowlegable input before I consider becoming a Global Coin Reserve, merchant, selling my product for this type of Crypto currency.
@Crypto
If the business model hasn’t changed then the review holds true. You can verify the information in the review against Global Coin Reserve’s compensation plan, which the review is based on.
I know that they aren’t an MLM company. That’s as far as my interest in them would extend within the context of this review.
G’day, Do you see any positives here.. Learning more about “cryptocurrency”, Being able to get some ‘coins’ ?? New world way of paying.. Thanks, just wondering..
Not really. If you want to learn about cryptocurrencies and “get some coins”, do it without getting involved in recruitment-driven matrix schemes.
NOLINK://www.coindesk.com/information/
Don’t believe the “marketing” sites. That site is news and analysis.
You do know the MLM is just a small side of this like a bonus the real value will be in the GCR coin when it goes live and trading to the public.
There is also a highly respected crypto currency developer behind the coin and the cloud mining is completely seperate to the MLM side.
That doesn’t negate the recruitment driven nature of the compensation plan.
Definitely sounds like the offering of unregistered securities.
Lose-lose on the compliance side of things.
hmm, at start every new cryptocurrency does not have any value, after some time – when people are investing in this (buying this currency) it starts getting a value.
It is made from nothing – and gets value if has buyers. The same situation is with Bitcoin. Why is in use in ecommere shops? Now Bitcoin costs 349 dollars. Why?
MLM model in GCR is maybe to attract more buyers of this coin, so that cryptocurrency may get more and more value in time (or not). But as I see recruitment is rather not necessary to make money if the coin can be exchanged to money(the thing is if it will be exchanged to money. Thanks
(sorry for my English)
Regardless, it’s still employing a pyramid scheme business model.
The pyramid scheme is front and center, the cryptocurrency is the facade it hides behind.
Said cryptocurrency isn’t going to gain any noticeable value when it’s only been accumulated by participants in a pyramid scheme.
I personally have made a great investment and return from GCR, this company is NOT a Scam and I have personally met with Kevin Thompson and have verified all of his credentials, licenses, and schooling.
I have also verified the portion where he speaks of the loss of his family and this information is also correct and everything I was easily able to find on the internet available to all. (Ozedit: Offtopic waffle removed)
^^ So you ignored everything but the compensation plan (business model)?
Had you have actually conducted due diligence on something that mattered, you’d realize this is just a recruitment front-end, investment back-end scheme.
Not saying you’re not paying a ROI is pseudo-compliance, ditto “nobody has to recruit”. That’s how people are getting paid.
GCR had to be public on 29th Jan. But no news there are on its fb page. Do you know what’s happening? sorry for my english and thank you.
Not enough affiliate investment in matrix positions to make continuing the facade viable.
Someone speaks of “personal leave of absence” of Robert.
The Ceo of Global Coin Reserve has stepped down.
(Ozedit: Comment removed at request of author, quoted below #24)
Short of acknowledging Corriveau is no longer in charge, nope.
The compensation plan is the core of the business.
What about Bob Wood?
What about him?
And what about Linda Helin? Now they are all together in Costa Rica.
Does anyone know when GCR will go live and the coins be given a value?
I just started about two weeks ago and I am wondering if I should re-up on my position with GCR. I do like the fact that there is a thirty day cycle of the coin incubation time and at the end of the incubation time of the coins and its hash rate earned while in the thirty day cycle.
I like the idea that it is short term and after the thirty day incubation I can bow out if I so desire.
There is an important question to ask those who are in the loop of knowing, what if I want to redeem my crypto currency GCR coins after the thirty days? Do I get a pay out in USD?
(Ozedit: Welcome to the internet, you don’t get to pick and choose who answers your questions.)
Terrance, I think you have to ask it them. And after, let us know the answer.
Is it a scam ? Will any CEO or authority of the company reply ? What would be the future of GCR ?
We have made investment in this co. The concerned authority should answer our query.
S.B. Inadmar: on this page there are a lot of reasons to consider GCR a scam.You should ask your questions to Linda Helin, or Ruben Arcas, or Kelly Ann Pope, or Sasà D’Arco….they are on fb.
If neither the CEO or anybody in a management position with GCR is replying to your queries about the future of the company… I think they’re giving you all the answers you need.
As to get your money back, yeah… good luck with that.
GCR will go live by 1st week of June’15
Oz when you say management not replying ??
So apart from webinars every week and me personally meeting the CEO 2 weeks ago to discuss merchants accepting the coin and Etherium who are the biggest buzz at the moment in the crypto world and also very excited to be working with us no your right never hear from them!!
I didn’t say that, a GCR affiliate did in comment #30.
Guess they’re selective in who they respond to.
Robert Corriveau is no longer in charge as CEO but he was also the owner.
When he left as CEO did he still retain ownership? If he sold the ownership why did he sell out and who is the current owner?
Bob Wood was involved in an identical scheme.
https://behindmlm.com/companies/zazzed-review-199-95-recruitment-scheme/
Hilarious read guys, I almost fell of my chair laughing when Robery C made alternate accounts and started posting of the “success” of his “business”.
The lengths people will go to get a quick buck is beyond me.
I am in direct contact with Robert C! He has informed me of the live date of the currency!
Hint…Soon! Get ready to roll in the crypto-dough players.
Cryptsy removed GCR from the list of coins where it was at the first place (obviously pumped).
Kenya your not a member of GCR are you seem to be stirring it for some reason were going live 1st week in june.
About Cryptsy it doesn’t help that people are out there giving false information about the price of the coin and other stuff which is not correct and we are trying to contact them to rectify any concerns they have.
@Tim
Best of luck explaining away the attached recruitment-driven scheme. I suspect the “price of the coin” had nothing to do with it.
agreed. especially when there is not value in mythical things.
When will GCR go live? And what will happen ?
GCR Global Currency Reserve has changed their name and we are “targeted” to go live to a public exchange on the block chain as a real gold enhanced crypto currency in the next week of June 2015 (so any day now … at most possibly 7 days).
This is just a target. We are crossing all our T’s and dotting all the i’s ..
Global Currency Reserve is a REAL Currency with a Real Eco-System, Foundation and, Nexxus Global Rewards Community.
Old news but the CEO as everyone has informed you stepped down way back .. so we have a fresh start here and real dynamic management and resumes!
A cryptocurrency built on matrix-recruitment fraud is just that, fraud. Changing the business name doesn’t address this.
Nobody outside of affiliates will use the coins, and affiliates will just wind up hoarding them because the company has them believe they’re worth something.
I smell organized ponzie criminals at work here.
I see Linda helin is involved also, hasn’t she over the years been given top positions of many schemes that all went belly up sucking people’s wallets dry?
Mike Ward was involved in the scam “Success University” and I red that Sasà D’Arco was a leader of MyTirn – PMR. Creepy stuff !!!!
Don’t worry about GCR everything is just fine coin will be live shortly and on various exchanges.
Also will be rolling out the Nexxus program which is very exciting and never been done before which will increase the value of the coin and give people a reason to buy.
Talking to top crypto guys said theres no reason why we can’t blitz every other altcoin out there!!
Whatever Tim. This will be shut down soon, especially with the leadership Linda Helin (scammer)
It is a lot of time that GCR have to go live “shortly”.
So Tim, nexxus will give a reason for people to buy the coin?
The true is that GCR will never go live.
An investor wrote on a fb page to have no news from GCR from Friday.
Well Linda it’s been seven (7) days now, where is the coin?
She’s Kelly Ann Pope.
“We are going live soon. Just checking for bugs and glitches. So after it goes live we dont face any problems.” ….so they wrote.
Bob Wood was involved in Cloud Zow and in Shabang.Linda Helin was named “scammer queen”.
Kristina Suh was promoting herself as a dancer, photographer, actress and model.
Mike Ward was involved in the scam of Success University (you can check on wikipedia). Sasà D’Arco was a leader of MyTirn-PMR (where a lot of people lost their money). Real dynamic management.
We are waiting…..
Last news: “the coin will go live in July”.But the year?
I guess they’re waiting for Ethereum stage 1 to go live.
So what we have here is GCR’s matrix (pyramid scheme) built on a platform of Ether (…vaporware?). Don’t know what all the fuss is about.
otc It’s not even waiting on Ethereum you mug, what you talking about?
Ok so GCR is not using Ethereum now? You sound like you have some inside knowledge, what distributed application base are they using then?
BTW a “mug” is usually a person that consistently gambles more than they can afford … I haven’t invested any money in GCR.
I got involved with GCR 6 or 7 months ago. To date I have been extremely impressed with the transparency, the updates, the training and professionalism.
There will always be members who may mis represent themselves and GCR. These people are in every organisation.
I have never been involved in MLM but I see its benefits. If i lose all my money I will not blame anybody but myself. I am making an informed and educated decision.
We all make mistakes in life and we must all learn from these mistakes. Enron was too big to fail and Lehman brothers are gone.
If you have nothing good to say about a person it is better to say nothing at all.I am not perfect and neither is anyone in this forum.
Times are changing and Crypto Currency is still new for everyone. If you are in this forum it is because you have an interest in what GCR is doing.
“If you change the way you look at things, the things you look at change”. Try being positive and make a difference.
I believe GCR is the next big thing. It is not a get rich quick scheme but will add value in the long term. If you still want to trash it, try anger management.
Enjoy the moment.
@Anthony
What a load of bollocks. How many silly Facebook meme messages can you cram into one comment?
you clearly don’t have much of an idea when it comes to evaluating a business model.
That and you sound like the perfect gullible candidate to recruit into a matrix-driven recruitment scheme that ultimately has nothing to do with cryptocurrencies.
There’s another problem. What you believe doesn’t matter, it’s what’s in the comp plan that does.
But Ethereum itself is a scam.
An update on badbitcoin.org … “Gcrmarketing.com The global coin reserve scammers at their worst. 29/06/2015”.
I haven’t heard a good word about them outside of the GCR cheer squad.
What and that’s it OTC hold the front page…. he hasn’t got a clue whats going on to be honest.
The GCR coin is now live and will go Public on the block chain imminently. Already building relationships with couple of exchanges expecting the coin to be on those shortly.
After speaking to a crypto consultant he’s very excited what we can bring to the market!!
@Tim, what exchanges?
Who’s the “crypto consultant”?
And who are the “top crypto guys” you mentioned in comment #50?
Seriously Tim you don’t have a clue or are duplicitous and should be prosecuted along with the ringleaders.
Kevin Thompson, the aforementioned attorney is who not only gave his legal opinion and ok about ZeekRewards, he created and administrated an exam that all members had to pass to participate in Zeek.
For those who don’t know, ZR was seized by the Feds and accused of being an illegal ponzi scheme. And Kevin Thompson has not been prosecuted?
That Kevin Thompson says that GCR is ok means nothing to me!
That was Kevin Grimes. Wrong Kevin chief…
GCR is going on the public exchange shortly? News I got from someone in GCR. Does anyone know?
There’s an update from Bob Wood in a different thread.
TTT = “Things Takes Time” = the excuse people use when they don’t want to finish something, they want to delay it.
So they want to delay going public, but they want people to believe that GCR eventually will go public, that GCR is “in the process of going public”.
OneCoin promised an external exchange in May 2015. But it didn’t work when it was released in June. But people at least got a website they could look at, something they could visualize would be a working solution in the future.
GCR will probably try a similar strategy = something people can look at, something that will add a little substance to their hopes and dreams.
Well what do the naysayers say now about GCR that it was a scam. Sux on it boys as GCR is real and we are now trading.
Now go somewhere else and start picking on another new program that is popping up which is what you do isn’t it. In the mean time I’m going to start enjoy selling and buying GCR coins…
It’s being discussed in the other thread, “Global Currency Reserve”.
behindmlm.com/mlm-reviews/global-currency-reserve-review-2999-95-a-month-mining/#comment-345565
Isn’t your coin only worth $.02 at the moment? How much have you paid in total including monthly costs? How many coins do you currently have?
Do the math bro, do the math….
Larry do you know anything at all about trading? We all expected the coin to go down just like Bitcoin when it first started.
All the naysayers will dump their coins in the market until you they do not have anymore coins left which will then leave the true believers to start buying which will drive the price up.
This will take a couple of weeks or more but we all expected this and plus we have the Nexus award system which will be working on as well.
We are also having work shops teaching all our members on how to trade as well. We have only just started and please be positive.
Remember for months you were all saying that we will never go public and GCR is a scam and now that it has gone public you are still criticizing it.
People that hang around negative people will always be losers. I have always associated myself with winners which is why now I a earn a 6 figure income and provide a good life for my family.
So the smart ones can expect to be in profit before Christmas?
Why did the naysayers buy anything in the first place? To “dump their coins”, they must have bought some first.
Buy the dumped naysayers coins? Waaaaay toooooo funny and what a load of crap!
And you say you are a six figure earner by association? Riiiiiight!
you’ll notice all these scammers allege that when trying to defend their latest.
I’m not a 6 figure by association but my reading positive books and by me learning from people that have succeeded.
I tend to learn a lot but if I hang around losers like Yo and Whip then I’ll be on the queue for my next unemployment cheque or just be jealous of everyone that succeeds.
Any way boys this is my last post. Enjoy your days bashing every program that comes along…
so you ARE jealous of successful, legitimate people like me. I knew it!
You can read all the scam books you want, it will NEVER make you a business person or successful.
There’s a huge difference in reading people who are successful first, THEN write books about why, vs. people who are successful BECAUSE they wrote books… about why they’re successful. One’s the real thing, the other is a hack.
You read the hack’s book. You may want to research on how Kiyosaki sucked at Amway and he’s successful because he sold a bunch of copies RDPD (self-published) to an Amway Support Organization known as Yager Team.
Kiyosaki’s real success is in convincing sheeple he offers real advice when all he offered are platitudes. All he does is teaching you how to dream, but who needs to be taught that?
And in any case, you haven’t discussed GCR other than your “hopes and dreams”.
People who hang around scammers will also be losers. The trick is spotting them, and the people who’s doing the spotting for you. It’s just that most people who do the spotting are called “negative people”. Sad, actually.
“The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt” Bertrand Russell
Thanks guys.. for reviews on GCR.. Its a scam that .. i almost get invovle with it.. lucky me 😉
Larry do you know anything at all about trading? We all expected the coin to go down just like Bitcoin when it first started.
William so even though you expected the coin to go down in value to under $.02 you still decided to pay a monthly fee of at least $70?
Now you are questioning if I know how to trade? WTF?
I would think that someone who knows how to trade would wait for the price to drop before purchasing coins, not purchase them when the cost is high and expected to drop in value. But what do I know about trading.
Finaly, gcrcoin is listed in cryptsy still now are usaying gcrcoin is scam ithink you are going to miss another chance.
Is this going to be like the other one, where it’s removed a few weeks later?
GCR coIn will be remove soon. it is not being function their mlm level or trading level.
GCR is and will always be a Ponzi scheme/scam.
The CEO now is Bob Wood but it all started with Robert Corriveau. GCR has no product and all of the affiliates only income here is when they sign another up.
Looks like the GCR coin has been disabled on Bittrex.
Wrong coin. It was the GRC coin that was disabled not the GCR coin. My bad…
This Robert Corriveau is now in Beyonway- charity spin win, is this another scam or what?
Oz, can you do some research on another potential scam related to Robert Corriveau. The new one is called CMS (being pimped by none other than Ken Russo!!!!!) Creative Marketing Spectrum cmsprospects.com
Here are some youtube links showing the fraud –
youtube.com/watch?v=biBd1DgWoHk
youtube.com/watch?v=M56W5B4wX8w
Looks like an unregistered gambling outfit (trying desperately to convince people they aren’t)?
Had a look and couldn’t seen an MLM compensation plan anywhere. Looks to be straight up HYIP (single-level).